investmentwatchblog--2020-08-02--MSM Gets Gold All Wrong In Report About Reserve Currencies And Alternatives To The US Dollar

by Chris Powell of the Gold Anti-Trust Action Committee ( GATA ) Give Bloomberg News a little credit for a report today questioning the U.S. dollar ’ s role as the world reserve currency and noting that other world reserve currencies have come and gone over the centuries : But don ’ t credit Bloomberg News for the section of the report dealing with gold , written by Eddie van der Walt , who repeats some of the often-discredited criticisms of gold ’ s monetary capabilities .
Van der Walt writes : “ Gold ’ s allure as a global @ @ @ @ @ @ @ t be written into existence .
That removes the risk that the government rolls its printing presses to fund spending , a practice that ’ s brought on hyperinflation and destroyed currencies throughout history .
The only way to increase the global supply of gold is to dig up more.
” Oh , boy — another journalist who has never heard of gold derivatives and “ paper gold , ” who hasn ’ t yet discovered that every ounce of real metal in the world financial system may be supporting as many as @ @ @ @ @ @ @ that gold leasing by central banks was precisely their way of “ printing ” gold .
No , it doesn ’ t .
Central banks can formally revalue their currencies in gold terms any time they want to , and often have done so .
They hate doing that not because gold isn ’ t a good form of money but because it is the best , having no counterparty risk , and because acknowledging gold as the best would diminish regard for government currencies and correspondingly diminish government and central bank power @ @ @ @ @ @ @ tool ” in recent years — never reported by Bloomberg News or any other mainstream financial news organization — has been surreptitious intervention in the currency and commodity futures markets , something well documented by GATA .
Van der Walt concludes : “ In the modern world , where money moves at the speed of light , sending shipments of gold to settle sovereign debt has become impractical.
” And yet a remarkable thing about the gold trade in recent weeks has been the huge increase in gold being shipped from Europe to @ @ @ @ @ @ @ physical demand reported by the New York Commodities Exchange .
Yes , shipping gold takes a little time , but gold deliveries don ’ t have to be made that way .
For decades gold deliveries settling international trade balances were made simply by moving bars around among closets in the vault in the basement of the Bank of England in London , close enough to the speed of light .
It ’ s not hard to get the impression that there is a reason why journalism is so inadequate about gold and @ @ @ @ @ @ @ Bloomberg News or any other mainstream financial news organization ever reported putting a critical question to a central bank , even though central banks , not elected governments , determine the value of all capital , labor , goods , and services in the world ?
As von Mises and other big thinkers have observed over the years , gold is the great restraint on government and a guarantor of individual freedom .
It is a rare news organization whose owners are not too scared of their government to identify its ultimate secret @ @ @ @ @ @ @ the Gold Anti-Trust Action Committee , cases of which were awarded to three lucky donors in GATA ’ s recent fundraising campaign , are now available for purchase by the case from Fay J Winery LLC in Texarkana , Texas .
Each case has 12 bottles and the cost is $ 240 , which includes shipping via Federal Express .
Here ’ s what the bottles look like : Buyers can compose their case by choosing as many as four varietals from the list here : GATA will receive a commission on each @ @ @ @ @ @ @ if you like wine and buy it anyway , why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals ?
To order a case of GATA-label wine , please e-mail Fay J Winery at bagman1236 @ aol.com .
“ Rigged ” is a concise explanation of government ’ s currency market rigging policy and extensively credits GATA ’ s work exposing it .
Ten percent of sales proceeds are contributed to GATA .
Buy a copy for $ 14.99 through Amazon — @ @ @ @ @ @ @ and a penny buy an autographed copy from Englert himself by contacting him at srenglert @ comcast.net .
Help keep GATA going : GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code .
Its e-mail dispatches are free , and you can subscribe at : To contribute to GATA , please visit :

by Chris Powell of the Gold Anti-Trust Action Committee (GATA)
Dear Friend of GATA and Gold:
Give Bloomberg News a little credit for a report today questioning the U.S. dollar’s role as the world reserve currency and noting that other world reserve currencies have come and gone over the centuries:
www.bloomberg.com/news/articles/2020-07-31/the-dollar-s-leading-…
But don’t credit Bloomberg News for the section of the report dealing with gold, written by Eddie van der Walt, who repeats some of the often-discredited criticisms of gold’s monetary capabilities.
Van der Walt writes: “Gold’s allure as a global reserve currency is that it can’t be written into existence. That removes the risk that the government rolls its printing presses to fund spending, a practice that’s brought on hyperinflation and destroyed currencies throughout history. The only way to increase the global supply of gold is to dig up more.”
Oh, boy — another journalist who has never heard of gold derivatives and “paper gold,” who hasn’t yet discovered that every ounce of real metal in the world financial system may be supporting as many as a hundred ounces of rehypothecated gold and that gold leasing by central banks was precisely their way of “printing” gold.
Van der Walt continues: “Gold’s scarcity removes a key central bank policy tool.”
No, it doesn’t. Central banks can formally revalue their currencies in gold terms any time they want to, and often have done so. They hate doing that not because gold isn’t a good form of money but because it is the best, having no counterparty risk, and because acknowledging gold as the best would diminish regard for government currencies and correspondingly diminish government and central bank power.
The “key central bank policy tool” in recent years — never reported by Bloomberg News or any other mainstream financial news organization — has been surreptitious intervention in the currency and commodity futures markets, something well documented by GATA.
Van der Walt concludes: “In the modern world, where money moves at the speed of light, sending shipments of gold to settle sovereign debt has become impractical.”
And yet a remarkable thing about the gold trade in recent weeks has been the huge increase in gold being shipped from Europe to New York to supply the explosion of physical demand reported by the New York Commodities Exchange.
Yes, shipping gold takes a little time, but gold deliveries don’t have to be made that way. For decades gold deliveries settling international trade balances were made simply by moving bars around among closets in the vault in the basement of the Bank of England in London, close enough to the speed of light.
It’s not hard to get the impression that there is a reason why journalism is so inadequate about gold and currencies generally. After all, has Bloomberg News or any other mainstream financial news organization ever reported putting a critical question to a central bank, even though central banks, not elected governments, determine the value of all capital, labor, goods, and services in the world?
As von Mises and other big thinkers have observed over the years, gold is the great restraint on government and a guarantor of individual freedom. It is a rare news organization whose owners are not too scared of their government to identify its ultimate secret power.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA’s recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
We are primarily funded by readers. Please subscribe and donate to support us!
Here’s what the bottles look like:
www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
* * *
Support GATA by purchasing
Stuart Englert’s “Rigged”
“Rigged” is a concise explanation of government’s currency market rigging policy and extensively credits GATA’s work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon —
www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651…
— or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
www.gata.org
To contribute to GATA, please visit:
www.gata.org/node/16


investmentwatchblog--2020-08-02--Doctor On Twitter Shows Why Fauci Is a Fraud

Fauci is killing conversation about a cure for Covid , because he stands to gain from the implementation of a @ @ @ @ @ anyone listen to this man ?

Fauci is killing conversation about a cure for Covid, because he stands to gain from the implementation of a worldwide vaccine. Why does anyone listen to this man?
We are primarily funded by readers. Please subscribe and donate to support us!
h/t pliny_the_marble


investmentwatchblog--2020-08-02--The 100 Day Siege Has Begun

The 100 Day Siege Has Begun

Our undercover insider just recorded the Sunrise Movement ’ s call to action for a nationwide “ 100 Day Siege @ @ @ @ @ leading up to election day .
According to organizers , “ We need to prepare @ @ @ @ @ cops enforcing domestic property disturbances more aggressively than political office sit in ’ s and @ @ @ @ @ cities across the country.
” This is not a drill .

Millennial Millie
Our undercover insider just recorded the Sunrise Movement’s call to action for a nationwide “100 Day Siege” to escalate civil unrest leading up to election day .
According to organizers, “We need to prepare for this new terrain: cops enforcing domestic property disturbances more aggressively than political office sit in’s and brutality by federal officers in cities across the country.”
We are primarily funded by readers. Please subscribe and donate to support us!
This is not a drill.
h/t CrsCrpr


investmentwatchblog--2020-08-02--Wuhan virus being used as political warfare? Double standards prove it

You don ’ t think the Wuhan virus is being used as a political tool to hurt # OrangeManBad this @ @ @ @ @ the double standards that prove it is a prolonged , political warfare : “ Gov @ @ @ @ @ administration on Friday urged additional vigilance by local officials in 11 counties where there are @ @ @ @ @ “ Mayor Lori Lightfoot breaks her own rules to get a haircut ” “ Democrat @ @ @ @ @ Wife and Kids Caught Visiting Florida While He Orders Illinois To Stay-at-Home ” “ 20,000 @ @ @ @ @ Smaller Groups March Throughout LA And Orange Counties ” Indeed , how much longer are @ @ @ @ @ these double standards to exist ?
Remember this November that elections do have consequences .

by DCG
You don’t think the Wuhan virus is being used as a political tool to hurt #OrangeManBad this November? Here’s the double standards that prove it is a prolonged, political warfare:
How come famous people like Congressman John Lewis and "Saint" George Floyd are allowed to have funerals that violate social distancing policies, but regular folks can't? Not to mention, open their businesses, or even go to work? pic.twitter.com/oiWrHCREzi — Mark Dice (@MarkDice) July 31, 2020
DC Mayor Exempts John Lewis Funeral Attendees From City’s Quarantine Restrictions t.co/lcWfLzMWjk pic.twitter.com/l0viBCyrMh — The Daily Wire (@realDailyWire) August 1, 2020
“Gov. J.B. Pritzker’s administration on Friday urged additional vigilance by local officials in 11 counties where there are upticks in COVID-19 cases”
“Mayor Lori Lightfoot breaks her own rules to get a haircut”
“Democrat Gov. Pritzker’s Wife and Kids Caught Visiting Florida While He Orders Illinois To Stay-at-Home”
We are primarily funded by readers. Please subscribe and donate to support us!
“Gov. Inslee extends pause indefinitely for phased reopening”
Thousands of people in close proximity at a protest doesn't spread coronavirus, according to @GovInslee. But eating at a restaurant with a friend? Banned because it spreads covid. Oh. Ok. Definitely makes sense.t.co/WigTlW7UiK — (((Jason Rantz))) on KTTH Radio (@jasonrantz) July 31, 2020
We are heading into the weekend! You know what that means… 🏠 Hanging out with people in your household
😷 Wearing a face covering to slow the spread
↔ Practicing physical distancing to protect vulnerable Californians
🧼Washing your hands frequently pic.twitter.com/0qWGTsMGP5 — Office of the Governor of California (@CAgovernor) July 25, 2020
“20,000 People Protest In Hollywood, Smaller Groups March Throughout LA And Orange Counties”
If you are wondering why we can’t go to church, the people who are okay with this are the ones making the rules re: worship. They don’t believe in your right to religious freedom. Act and vote accordingly. t.co/bj0NYrOSqg — Amy Curtis (@RantyAmyCurtis) August 1, 2020
You can spray paint, topple and light on fire national monuments but don't you dare write with chalk. This crap can't stand long. t.co/bYrl5gJba4 — AW (@ArtbyAWOHS) August 1, 2020
Indeed, how much longer are us Americans going to allow these double standards to exist? Remember this November that elections do have consequences.
DCG


investmentwatchblog--2020-08-02--ILLINOIS: Police Have Finally Had Enough Of “Peaceful Protestors”

Demonstrators in Portland set Bibles and US flags on fire amid protests that have spanned nearly 2 months .
The @ @ @ @ @ a pig ’ s head with police clothing , though they still claim their movement @ @ @ @ @ by RT ’ s Ruptly video agency shows a group of protesters on Friday night @ @ @ @ @ , with several individuals mockingly warming their hands around the fire .
Laughter and shouts @ @ @ @ @ can be heard in the background .
US flags were also burned by the protesters @ @ @ @ @ around the fire and taking photographs .

Protesters clash with police in downtown Rockford, Illinois
WATCH ‘peaceful’ Portland protesters burn Bible & flag, 24 hours after torching pig’s head in cop hat
Demonstrators in Portland set Bibles and US flags on fire amid protests that have spanned nearly 2 months. The day before, protesters torched a pig’s head with police clothing, though they still claim their movement is peaceful.
We are primarily funded by readers. Please subscribe and donate to support us!
Footage published by RT’s Ruptly video agency shows a group of protesters on Friday night gathered around a burning Bible, with several individuals mockingly warming their hands around the fire. Laughter and shouts of “F**k Trump” can be heard in the background.
US flags were also burned by the protesters, who were seen crowding around the fire and taking photographs.
h/t CrsCrpr


investmentwatchblog--2020-08-02--We Need To Talk About Ventilation: How is it that six months into a respiratory pandemic, we are sti

We Need To Talk About Ventilation: How is it that six months into a respiratory pandemic, we are still doing so little to mitigate airborne transmission?

I recently took a drive-through COVID-19 test at the University of North Carolina .
Everything was well organized and efficient : I was swabbed for 15 uncomfortable seconds and sent home with two pages of instructions on what to do if I were to test positive , and what precautions people living with or tending to COVID-19 patients should take .
The instructions included many detailed sections devoted to preventing transmission via surfaces , and also went into great detail about laundry , disinfectants , and the exact proportions of bleach solutions I should use to wipe surfaces , and @ @ @ @ @ @ @ however , included only a single sentence on “ good ventilation ” —a sentence with the potential to do some people more harm than good .
I was advised to have “ good air flow , such as from an air conditioner or an opened window , weather permitting.
” But in certain cases , air-conditioning isn ’ t helpful .
Jose-Luiz Jimenez , an air-quality professor at the University of Colorado , told me that some air conditioners can increase the chances of spreading infection in a household .
Besides , “ @ @ @ @ @ @ @ insignificant , like an afterthought .
While waiting for my results , I checked the latest batch of announcements from companies trying to assure their customers that they were doing everything right .
A major U.S. airline informed me how it was diligently sanitizing surfaces inside its planes and in terminals many times a day , without mentioning anything about the effectiveness of air circulation and filtering inside airplane cabins ( pretty good , actually ) .
A local business that operates in a somewhat cramped indoor space sent me an email about @ @ @ @ @ @ @ staying healthy , ” illustrated by 10 bottles of hand sanitizer without a word on ventilation—whether it was opening windows , employing upgraded filters in its HVAC systems , or using portable HEPA filters .
It seems baffling that despite mounting evidence of its importance , we are stuck practicing hygiene theater—constantly deep cleaning everything—while not noticing the air we breathe .
How is it that six months into a respiratory pandemic , we still have so little guidance about this all-important variable , the very air we breathe ?
.
.
.
@ @ @ @ @ @ @ than 1,200 super-spreader events , just one incident is classified as outdoor transmission , where a single person was infected outdoors by their jogging partner , and only 39 are classified as outdoor/indoor events , which doesn ’ t mean that being outdoors played a role , but it couldn ’ t be ruled out .
The rest were all indoor events , and many involved dozens or hundreds of people at once .
Other research points to the same result : Super-spreader events occur overwhelmingly in indoor environments where there are a @ @ @ @ @ @ @ There are two key mitigation strategies for countering poor ventilation and virus-laden aerosols indoors : We can dilute viral particles ’ presence by exchanging air in the room with air from outside ( and thus lowering the dose , which matters for the possibility and the severity of infection ) or we can remove viral particles from the air with filters .
Consider schools , perhaps the most fraught topic for millions .
Classrooms are places of a lot of talking ; children are not going to be perfect at social distancing ; @ @ @ @ @ @ @ , the more opportunities for aerosols to accumulate if the ventilation is poor .
Most of these ventilation issues are addressable , sometimes by free or inexpensive methods , and sometimes by costly investments in infrastructure that should be a national priority .
Last week , I walked around the public elementary school in my neighborhood while thinking about what we could do if we took aerosol transmission more seriously .
It ’ s a single-story building , all the classrooms have windows , some have doors that open directly to the outside @ @ @ @ @ @ @ right outside .
Teaching could move outdoors , at least some of the time , the way it did during the 1918 pandemic .
Moreover , even when indoors or during rainy days , opening the doors and windows would greatly improve air circulation inside , especially if classrooms had fans at the windows that pushed air out .
.
.
.

via theatlantic:
I recently took a drive-through COVID-19 test at the University of North Carolina. Everything was well organized and efficient: I was swabbed for 15 uncomfortable seconds and sent home with two pages of instructions on what to do if I were to test positive, and what precautions people living with or tending to COVID-19 patients should take. The instructions included many detailed sections devoted to preventing transmission via surfaces, and also went into great detail about laundry, disinfectants, and the exact proportions of bleach solutions I should use to wipe surfaces, and how.
My otherwise detailed instructions, however, included only a single sentence on “good ventilation”—a sentence with the potential to do some people more harm than good. I was advised to have “good air flow, such as from an air conditioner or an opened window, weather permitting.” But in certain cases, air-conditioning isn’t helpful. Jose-Luiz Jimenez, an air-quality professor at the University of Colorado, told me that some air conditioners can increase the chances of spreading infection in a household. Besides, “weather permitting” made it all seem insignificant, like an afterthought.
While waiting for my results, I checked the latest batch of announcements from companies trying to assure their customers that they were doing everything right. A major U.S. airline informed me how it was diligently sanitizing surfaces inside its planes and in terminals many times a day, without mentioning anything about the effectiveness of air circulation and filtering inside airplane cabins (pretty good, actually). A local business that operates in a somewhat cramped indoor space sent me an email about how it was “keeping clean and staying healthy,” illustrated by 10 bottles of hand sanitizer without a word on ventilation—whether it was opening windows, employing upgraded filters in its HVAC systems, or using portable HEPA filters. It seems baffling that despite mounting evidence of its importance, we are stuck practicing hygiene theater—constantly deep cleaning everything—while not noticing the air we breathe.
How is it that six months into a respiratory pandemic, we still have so little guidance about this all-important variable, the very air we breathe? . . .
Strikingly, in one database of more than 1,200 super-spreader events, just one incident is classified as outdoor transmission, where a single person was infected outdoors by their jogging partner, and only 39 are classified as outdoor/indoor events, which doesn’t mean that being outdoors played a role, but it couldn’t be ruled out. The rest were all indoor events, and many involved dozens or hundreds of people at once. Other research points to the same result: Super-spreader events occur overwhelmingly in indoor environments where there are a lot of people. . . .
There are two key mitigation strategies for countering poor ventilation and virus-laden aerosols indoors: We can dilute viral particles’ presence by exchanging air in the room with air from outside (and thus lowering the dose, which matters for the possibility and the severity of infection) or we can remove viral particles from the air with filters.
Consider schools, perhaps the most fraught topic for millions. Classrooms are places of a lot of talking; children are not going to be perfect at social distancing; and the more people in a room, the more opportunities for aerosols to accumulate if the ventilation is poor. Most of these ventilation issues are addressable, sometimes by free or inexpensive methods, and sometimes by costly investments in infrastructure that should be a national priority.
Last week, I walked around the public elementary school in my neighborhood while thinking about what we could do if we took aerosol transmission more seriously. It’s a single-story building, all the classrooms have windows, some have doors that open directly to the outside, and many have a cement patio right outside. Teaching could move outdoors, at least some of the time, the way it did during the 1918 pandemic. Moreover, even when indoors or during rainy days, opening the doors and windows would greatly improve air circulation inside, especially if classrooms had fans at the windows that pushed air out. . . .


investmentwatchblog--2020-08-02--Hong Kong issues arrest warrant for U.S. citizen under new national security law

BEIJING — A U.S. citizen is among six pro-democracy activists to have arrest warrants issued for them by Hong Kong @ @ @ @ @ a new national security law , Chinese state media reported late Friday .
Samuel Chu @ @ @ @ @ the D.C.-based Hong Kong Democracy Council , an advocacy group , wrote on Twitter that @ @ @ @ @ media reports that I am a wanted fugitive.
” He added that he had been @ @ @ @ @ years .
“ If I am targeted , any American/any citizen of any nation who @ @ @ @ @ can and will be too .
We are all Hong Kongers now , ” he @ @ @ @ @ six prominent activists named by Chinese broadcaster CCTV and other state media outlets , to @ @ @ @ @ them under the legislation that came into effect on June 30 .
The individuals were @ @ @ @ @ or collusion with foreign forces — crimes that the new security law punishes with up @ @ @ @ @

BEIJING — A U.S. citizen is among six pro-democracy activists to have arrest warrants issued for them by Hong Kong police for suspected violations under a new national security law, Chinese state media reported late Friday.
Samuel Chu, the managing director of the D.C.-based Hong Kong Democracy Council, an advocacy group, wrote on Twitter that he “woke up to media reports that I am a wanted fugitive.”
He added that he had been an American citizen for 25 years.
“If I am targeted, any American/any citizen of any nation who speaks out for Hong Kong can and will be too. We are all Hong Kongers now,” he wrote.
Chu was among six prominent activists named by Chinese broadcaster CCTV and other state media outlets, to have arrest warrants issued for them under the legislation that came into effect on June 30. The individuals were wanted on suspicion of secession or collusion with foreign forces — crimes that the new security law punishes with up to life in prison.
www.nbcnews.com/news/world/hong-kong-issues-arrest-warrant-u-s-citizen-under-new-n1235574


investmentwatchblog--2020-08-02--Obama Being Investigated By U.S. Attorney Tasked With Investigating FISA Abuse

Earlier this week AG Bill Barr let it slip that another U.S. Attorney Bash is investigating the fraud of the @ @ @ @ @ ongoing investigations of alleged spying on the Trump campaign that U.S. Attorney Durham is conducting @

DEVELOPING: Sources say special prosecutor Bash is looking @ Obama admin's "to/from/about" queries related to NSA's upstream collections of FISA Sec 702 data going back to 2015 & earlier,which include collections involving US citizens & the use of that raw data by FBI contractors — Paul Sperry (@paulsperry_) August 1, 2020
Earlier this week AG Bill Barr let it slip that another U.S. Attorney Bash is investigating the fraud of the FISA court separately from the ongoing investigations of alleged spying on the Trump campaign that U.S. Attorney Durham is conducting.
We are primarily funded by readers. Please subscribe and donate to support us!
h/t CrsCrpr


investmentwatchblog--2020-08-02--Time to bring back the narrative that public protests are spreading the Coronavirus

ONE MILLION PLUS MARCH IN BERLIN TO END LOCKDOWNS .
Media silent or falsely characterizes it as “ thousands… includ @ @ @ @ @ , anti-vaxxers , and conspiracy theories [ sic ] ” If a single person with @ @ @ @ @ shows up to a right ring wing event , the entire movement can be dismissed @ @ @ @ @ and murderers march freely and openly in super serious BLM marches

Thousands march in Berlin to protest against the coronavirus restrictions. The participants included right-wing groups, anti-vaxxers, and conspiracy theories. pic.twitter.com/PNWekkyYgL — DW News (@dwnews) August 1, 2020
ONE MILLION PLUS MARCH IN BERLIN TO END LOCKDOWNS. Media silent or falsely characterizes it as “thousands… includ[ing] right-wing groups, anti-vaxxers, and conspiracy theories[sic]”
The ol classic leftist “one drop” rule.
If a single person with the “wrong views” shows up to a right ring wing event, the entire movement can be dismissed.
We are primarily funded by readers. Please subscribe and donate to support us!
While actual gang members and murderers march freely and openly in super serious BLM marches
h/t Venus230


investmentwatchblog--2020-08-02--Professor Richard Wolff: Coming Economic Crash Will be WORSE Than Great Depression

Professor Richard Wolff gives his thoughts on new statistics revealing 32 % of households have not yet made their full @ @ @ @ @

Professor Richard Wolff gives his thoughts on new statistics revealing 32% of households have not yet made their full housing payments for July.
We are primarily funded by readers. Please subscribe and donate to support us!


investmentwatchblog--2020-08-02--Minneapolis police tell residents to obey criminals and ‘be prepared’ to be robbed

The Minneapolis Police Department ( MPD ) told residents they should “ be prepared ” to hand over their phones @ @ @ @ @ to robbers .
The MPD has reported a 46 percent increase in carjackings and a @ @ @ @ @ compared to this same time last year , according to WCCO .
Police in the @ @ @ @ @ alone have received more than 100 reports of robberies and 20 reports of carjackings in @ @ @ @ @ Officials are now telling residents to be ready and willing to comply with the demands @ @ @ @ @ sent to Third Precinct residents .
“ Be prepared to give up your cell phone @ @ @ @ @ police said in their email , a copy of which was obtained by Alpha News @ @ @ @ @ should listen to criminals and “ do as they say.
” The message warned that @ @ @ @ @ maced , dragged , assaulted , and some threatened with a gun .
”

The Minneapolis Police Department (MPD) told residents they should “be prepared” to hand over their phones, wallets, and purses to robbers.
The MPD has reported a 46 percent increase in carjackings and a 36 percent increase in robberies compared to this same time last year, according to WCCO.
Police in the city’s Third Precinct alone have received more than 100 reports of robberies and 20 reports of carjackings in just the last month.
Officials are now telling residents to be ready and willing to comply with the demands of criminals in an email sent to Third Precinct residents.
“Be prepared to give up your cell phone and purse/wallet,” the police said in their email, a copy of which was obtained by Alpha News. The email said citizens should listen to criminals and “do as they say.”
The message warned that “some victims have been maced, dragged, assaulted, and some threatened with a gun.”


investmentwatchblog--2020-08-02--Hurricane warning lifted as Tropical Storm Isaias weakens

South Florida remains at risk of dangerous winds , however , and authorities are far from sounding the all-clear for @ @ @ @ @ hurricane scare of the season .

South Florida remains at risk of dangerous winds, however, and authorities are far from sounding the all-clear for the region’s first hurricane scare of the season.
www.sunsentinel.com/news/weather/hurricane/fl-hurricane-isaias-florida-update-saturday-20200801-hbyj6l4r6nd6vgaqsdc2ng5dje-story.html?outputType=amp
We are primarily funded by readers. Please subscribe and donate to support us!
h/t Goneviral


investmentwatchblog--2020-08-02--Who are China’s friends and enemies in the US: CCP Friends and Enemies List

How a Chinese think tank rates all 50 U.S. governors How the report rated U.S. governors according to their views @ @ @ @ @ this is important : The report stated that while a hardline attitude towards China now @ @ @ @ @ American federal system means that state-level governments may not be in lockstep .
“ Governors @ @ @ @ @ White House , ” the report claimed , “ and state governments can change or @ @ @ @ @ as cities , counties , and school districts.
” State-level officials “ enjoy a certain @ @ @ @ @ ” the report stated .
Meet the U.S. Officials Now in China ’ s Sphere @ @ @ @ @ of the good guys vis-a-vis China Report from think tank in Chinese :

From FEB. 2019!
How a Chinese think tank rates all 50 U.S. governors
www.axios.com/china-rating-us-governors-bff6cc73-e485-44f2-98d0-b7639af3f0aa.html
How the report rated U.S. governors according to their views on China:
“Hardline:” 6 governors, including Andrew Cuomo (D-N.Y.), Mike Parson (R-Mo.), and Ron DeSantis (R-Fla.).
“Friendly:” 17 governors, including Eric Holcomb (R-Ind.), Janet Mills (D-Maine), and Jared Polis (D-Colo.).
And why this is important:
The report stated that while a hardline attitude towards China now prevails in Washington, the American federal system means that state-level governments may not be in lockstep.
“Governors can ignore orders from the White House,” the report claimed, “and state governments can change or even cancel local governments such as cities, counties, and school districts.”
State-level officials “enjoy a certain degree of diplomatic independence,” the report stated.
We are primarily funded by readers. Please subscribe and donate to support us!
Hint, hint, hint.
Think: COVID-19, lockdowns, US economic collapse
Meet the U.S. Officials Now in China’s Sphere of Influence
www.thedailybeast.com/meet-the-us-officials-who-now-lobby-for-china
DeSantis — one of the good guys vis-a-vis China
www.wfla.com/community/health/coronavirus/gov-desantis-takes-aim-at-china-following-coronavirus-outbreak/
Report from think tank in Chinese:
www.documentcloud.org/documents/6779094-PRC-Think-Tank-Study-on-US-Governors-Attitudes.html?utm_source=newsletter&utm_medium=email&utm_campaign=sendto_newslettertest&stream=top
h/t Builder


investmentwatchblog--2020-08-02--New Jersey gym owners, who were arrested for defying shutdown, kick down gov’t-installed barriers to

New Jersey gym owners, who were arrested for defying shutdown, kick down gov’t-installed barriers to reopen

New Jersey gym owners , who were arrested for defying shutdown , kick down gov't-installed barriers to reopen t.co/oipUXm9SB0

New Jersey gym owners, who were arrested for defying shutdown, kick down gov't-installed barriers to reopen t.co/oipUXm9SB0
— TheBlaze (@theblaze) August 1, 2020


investmentwatchblog--2020-08-02--Warning! BITCOIN – Bull Trap Inbound Sub 8000 – Fibonacci

Bitcoin ’ s current market structure is a prime example of what could be “ the biggest bull trap ” @ @ @ @ @ this could suggest that the cryptocurrency is well-positioned to see a massive near-term decline .
@ @ @ @ @ rate of around 0.077 % for Bitcoin perpetual swaps in the last two days .
@ @ @ @ @ majority of the market is longing BTC , leaving the cryptocurrency vulnerable to a potential @ @ @ @ @ modeling I am expecting it to pullback towards $ 8,200 , long term ( 4th @ @ @ @ @ just my opinions , and in no way advice on trading instruments .
Disclaimer : @ @ @ @ @ educational purposes .
Do not make any investment decisions based on the information in this @ @ @ @ @ due diligence or consult your financial professional before making any investment decision .

www.tradingview.com/chart/BTCUSD/aiZyBrgl-BTC-Intraday-Outlook/
Bitcoin’s current market structure is a prime example of what could be “the biggest bull trap” we have ever seen, this could suggest that the cryptocurrency is well-positioned to see a massive near-term decline.
BitMEX has shown a funding rate of around 0.077% for Bitcoin perpetual swaps in the last two days. That shows that the overwhelming majority of the market is longing BTC, leaving the cryptocurrency vulnerable to a potential long squeeze.
From my modeling I am expecting it to pullback towards $8,200, long term(4th Q).
We are primarily funded by readers. Please subscribe and donate to support us!
These are just my opinions, and in no way advice on trading instruments.
h/t Ozamandias
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.


investmentwatchblog--2020-08-02--Listen To The Science! Listen To The Scientists! Right?

VIDEO : CDC head pushes for schools to reopen , says ‘ it is in the public health interest.
’ The head of the Centers for Disease Control and Prevention on Friday cited several alarming concerns in his push to urge for the safe reopening of K-12 schools .
`` I do n't think I can emphasize it enough , as the director for the Centers for Disease Control , the leading public health agency in the world : it is in the public health interest that these K-12 students get the schools back open for face-to-face learning . ''
@ @ @ @ @ @ @ Not Science , Keeping Schools Closed .
Politicians speak about following the science to set COVID-19 policy , but their decisions are more about political objectives than they are about medical efficacy .
Why else did California Gov .
Gavin Newsom shut down retail businesses in March when the state had under 300 cases per day but allow them to be open in July when the state clocked in at over 10,000 cases per day ?
Why else would Kentucky Gov .
Andy Beshear allow liquor stores to stay open but close down @ @ @ @ @ @ @ Gretchen Whitmer insist that buying lottery tickets remain legal but made it illegal to buy garden supplies ?
And how did New York Gov .
Andrew Cuomo use “ science ” to prohibit outdoor funerals but allow outdoor protests ?
But as badly as our lockdowns have damaged local businesses , a potentially even bigger problem is created by the physical closure of schools .
One of the most important functions of a civil society is to protect and educate its children , and the cancellation of in-person education stands to become one @ @ @ @ @ @ @ damage during this pandemic .
California currently expects its 5-year-olds to complete kindergarten exclusively through online distance learning .
For this dubious undertaking , the politicians are given passionate political cover .
The Los Angeles Teachers Union maintains that “ the only people guaranteed to benefit from the premature reopening of schools amidst a rapidly accelerating pandemic are billionaires and the politicians they ’ ve purchased ” — as if billionaires typically send their kids to L.A. public schools .
The wealthy will send their children to in-person private schools or hire additional @ @ @ @ @ @ @ suffer from a widening education gap that could set their kids back years .
Worst of all , none of this is medically substantiated .
There is a great deal of fear generated in the media about risk to children , but the truth is that children are incredibly resistant to coronavirus .
So much so that children are far more likely to die from the flu , or even just from driving to school , than from COVID-19 .

VIDEO: CDC head pushes for schools to reopen, says ‘it is in the public health interest.’
The head of the Centers for Disease Control and Prevention on Friday cited several alarming concerns in his push to urge for the safe reopening of K-12 schools.
"I don't think I can emphasize it enough, as the director for the Centers for Disease Control, the leading public health agency in the world: it is in the public health interest that these K-12 students get the schools back open for face-to-face learning." pic.twitter.com/yLHHO4F9MX
WELL, YES: Politics, Not Science, Keeping Schools Closed.
Politicians speak about following the science to set COVID-19 policy, but their decisions are more about political objectives than they are about medical efficacy. Why else did California Gov. Gavin Newsom shut down retail businesses in March when the state had under 300 cases per day but allow them to be open in July when the state clocked in at over 10,000 cases per day?
Why else would Kentucky Gov. Andy Beshear allow liquor stores to stay open but close down churches? Why did Michigan Gov. Gretchen Whitmer insist that buying lottery tickets remain legal but made it illegal to buy garden supplies? And how did New York Gov. Andrew Cuomo use “science” to prohibit outdoor funerals but allow outdoor protests?
But as badly as our lockdowns have damaged local businesses, a potentially even bigger problem is created by the physical closure of schools. One of the most important functions of a civil society is to protect and educate its children, and the cancellation of in-person education stands to become one of the most detrimental acts of collateral damage during this pandemic.
California currently expects its 5-year-olds to complete kindergarten exclusively through online distance learning. For this dubious undertaking, the politicians are given passionate political cover. The Los Angeles Teachers Union maintains that “the only people guaranteed to benefit from the premature reopening of schools amidst a rapidly accelerating pandemic are billionaires and the politicians they’ve purchased” — as if billionaires typically send their kids to L.A. public schools. The wealthy will send their children to in-person private schools or hire additional tutors, while most American families will suffer from a widening education gap that could set their kids back years. Worst of all, none of this is medically substantiated.
Children Are Safe
There is a great deal of fear generated in the media about risk to children, but the truth is that children are incredibly resistant to coronavirus. So much so that children are far more likely to die from the flu, or even just from driving to school, than from COVID-19.
h/t Glenn


investmentwatchblog--2020-08-02--We All Know The Answer. Rules Are For The Little People.

And , sure enough : “ Washington , D.C. attendees to the Atlanta funeral of the late Rep. John Lewis are exempt from following the District of Columbia ’ s strict quarantine rules after returning home from Georgia , the D.C. mayor ’ s office says.
” Washington , D.C. attendees to the Atlanta funeral of the late Rep. John Lewis are exempt from following the District of Columbia ’ s strict quarantine rules after returning home from Georgia , the D.C. mayor ’ s office says .
Lewis , a longtime member of Congress and one of the major @ @ @ @ @ @ @ of the 1950s and 1960s , died on July 17 after a battle with pancreatic cancer .
After lying in state at the United States Capitol , his body was returned to Atlanta for a funeral at that city ’ s historic Ebenezer Baptist Church .
Among the attendees at that funeral were dozens of members of Congress , including Speaker of the House Nancy Pelosi ( D-Calif. ) , Senators Kamala Harris ( D-Calif. ) and Cory Booker ( D-N.J. ) , Maryland House Majority Leader Steny Hoyer ( D-Md . )
@ @ @ @ @ @ @ ( D-S.C. ) .
Under current District of Columbia rules , all of those individuals would normally be required to self-quarantine for two weeks upon returning to D.C. City Mayor Muriel Bowser ’ s recent quarantine order dictates that any individual traveling to a “ high-risk area ” for “ non-essential ” reasons must self-quarantine for 14 days upon entering the District .

Are these politicians going into quarantine, or are rules just for the little people?
John Lewis’s funeral was in Georgia. Dozens of Members of Congress were there.
And, sure enough: “Washington, D.C. attendees to the Atlanta funeral of the late Rep. John Lewis are exempt from following the District of Columbia’s strict quarantine rules after returning home from Georgia, the D.C. mayor’s office says.”
Washington, D.C. attendees to the Atlanta funeral of the late Rep. John Lewis are exempt from following the District of Columbia’s strict quarantine rules after returning home from Georgia, the D.C. mayor’s office says.
Lewis, a longtime member of Congress and one of the major figures of the American civil rights movement of the 1950s and 1960s, died on July 17 after a battle with pancreatic cancer. After lying in state at the United States Capitol, his body was returned to Atlanta for a funeral at that city’s historic Ebenezer Baptist Church.
Among the attendees at that funeral were dozens of members of Congress, including Speaker of the House Nancy Pelosi (D-Calif.), Senators Kamala Harris (D-Calif.) and Cory Booker (D-N.J.), Maryland House Majority Leader Steny Hoyer (D-Md.), and House Majority Whip Jim Clyburn (D-S.C.).
Under current District of Columbia rules, all of those individuals would normally be required to self-quarantine for two weeks upon returning to D.C. City Mayor Muriel Bowser’s recent quarantine order dictates that any individual traveling to a “high-risk area” for “non-essential” reasons must self-quarantine for 14 days upon entering the District.


investmentwatchblog--2020-08-02--The world is waking up…Thousands March in Berlin Against Coronavirus Measures

The exact same rhetoric strewn across the entirety of Reddit .
Is it any surprise ?
You ’ ve seen @ @ @ @ @ of these terms explode after 2010 .
You ’ ve seen the endless Media Matters @ @ @ @ @ that mirror this type of propaganda .
And then they turn around and call rioters @ @ @ @ @ you getting it yet .
They ’ re laughing in your face and spitting on @ @ @ @ @ .
Fight back or just fold .

by The_In-Betweener[
We are primarily funded by readers. Please subscribe and donate to support us!
The exact same rhetoric strewn across the entirety of Reddit. Is it any surprise? You’ve seen the graphs showing the use of these terms explode after 2010. You’ve seen the endless Media Matters tier posts day after day that mirror this type of propaganda. And then they turn around and call rioters ‘peaceful protesters.’ Are you getting it yet. They’re laughing in your face and spitting on you at the same time. Fight back or just fold.
This was the scene in Berlin, where an estimated 17,000 people defied social-distancing and mask requirements to join a protest supported by neo-Nazi groups, conspiracy theorists and others who said they were fed up with the restrictions. Read the latest. t.co/QFWyHTTMb0 pic.twitter.com/h9CuxYCERg — The New York Times (@nytimes) August 1, 2020
Thousands march in Berlin to protest against the coronavirus restrictions. The participants included right-wing groups, anti-vaxxers, and conspiracy theories. pic.twitter.com/PNWekkyYgL — DW News (@dwnews) August 1, 2020
These are concerned citizens protesting in Berlin today ‘demanding rationality, proportionate action and the return of scientific thinking’! Join us as we do the same on August 22nd. We assemble at the Custom House, Dublin at 2pm. @FatEmperor pic.twitter.com/SEe2HS8Gh2 — HealthFreedomIreland (@HealthFreedomIE) August 1, 2020


investmentwatchblog--2020-08-02--WANTED: Bezos, Pichai, Pool & Zuck FOR SEDITION AGAINST THE USA

Facebook whistleblower Ryan Hartwig returns to SGT Report to discuss big tech CEO ’ s testimony before the House Judiciary @ @ @ @ @ July 29 , 2020 .

Ryan Hartwig with Sean on SGTreport
We are primarily funded by readers. Please subscribe and donate to support us!
Facebook whistleblower Ryan Hartwig returns to SGT Report to discuss big tech CEO’s testimony before the House Judiciary Subcommittee on Antitrust on Wednesday July 29, 2020.


investmentwatchblog--2020-08-02--Loyalty – Anyone?  Thanks, Elon, We Needed That – Enjoy China.

Has anyone else been taken aback to find China seems to be the new man on the block now ?
Come on , give me a break , Elon .
“ China rocks in my opinion .
The energy in China is great .
People there – there ’ s like a lot of smart , hard working people .
And they ’ re really — they ’ re not entitled , they ’ re not complacent , whereas I see in the United States increasingly much more complacency and entitlement especially in places like the Bay Area , and @ @ @ @ @ @ @ Elon Musk lamented the “ entitled ” and “ complacent ” character of people in the United States , and lauded the “ smart ” and “ hard working people ” of China , in the first installment of a three-part interview with Automotive News ’ “ Daily Drive ” podcast published Friday .
Specifically , Musk criticized New York and California — states that have supported his businesses , especially Tesla , with considerable tax breaks , regulatory credits and other government help .
Last year , Chinese government officials helped Tesla @ @ @ @ @ @ @ to construct and begin manufacturing vehicles at the company ’ s relatively new Shanghai factory .
This year , the Shanghai government helped Tesla get back to normal operations quickly , at its new plant , after the region was struck by a Covid-19 outbreak and issued widespread quarantines that temporarily suspended manufacturing there .
Musk pointed out , Telsa has not received as much assistance from the government in China as domestic companies .
“ They have been supportive .
But it would be weird if they were more supportive to a @ @ @ @ @ @ @ , ” he said .
The enthusiasm the mercurial Musk expressed for China contrasted with his previously stated disdain for communism .
In a tweet on Monday this week , Musk mocked social welfare programs in general , and Karl Marx ’ s “ Das Kapital.
” During the Automotive News podcast , Musk also compared the U.S. , California and New York to sports teams about to lose their winning status .
“ When you ’ ve been winning for too long you sort of take things for granted .
The United @ @ @ @ @ @ @ New York , you ’ ve been winning for too long .
When you ’ ve been winning too long you take things for granted .
So , just like some pro sports team they win a championship you know a bunch of times in a row , they get complacent and they start losing.
” However , Tesla has benefited from other forms of government assistance in the U.S .
According to analysis by the Los Angeles Times , Tesla ’ s government assistance in the U.S. has surpassed $ 4.9 billion @ @ @ @ @ @ @ California has included more than $ 220 million in sales and use tax exclusions from the California Alternative Energy and Advanced Transportation Financing Authority , as well as zero emission vehicle and solar renewable energy credits granted by the state .
The sale of these regulatory credits were a major factor in Tesla ’ s profitability in the past four quarters .
As CNBC and others previously reported , New York state spent $ 959 million on a solar-panel factory in Buffalo , now operated by Tesla , in a drive to bring @ @ @ @ @ @ @ jobs to the state .
Tesla hasn ’ t fulfilled its employment obligations in New York so far .
A financial filing out this week revealed that Tesla has obtained a full-year extension from the state in order to meet the head count requirement .
If it does not , Musk ’ s electric car and renewable energy venture will have to pay back $ 41 million to the Empire State .
Wow , it is so shocking to see how some turn on the hand that feeds them the moment they start @ @ @ @ @ @ @ of the most important traits that can be found in any human being .
It is the foundation of any long term relationship .
Without loyalty , there can be no respect between two people .
This is not to say , one should not criticize or evaluate in truth a relationship .
Your first loyalty should be to yourself , and that , in fact , should make you steadfast in your integrity .
If you trash me when I am down…please , leave and don ’ t come back .
Don @ @ @ @ @ @ @ way out .
How did China go from being an abusive Communist country to the new hero of the world ?
It has been a bizarre and overnight transformation , and one the Democrats ( Deceivers ) have been working on for a very long time now .
I have written article after article on what the Democrats did from the moment Hillary Clinton lost the election to President Trump .
Come on , people…why did they do it ?
They sold out to Communist China a long time ago , and Communist @ @ @ @ @ @ @ slow takeover of the United States .
Without this man , you will be afraid of what tomorrow will bring here in the United States .
People are showing their true colors , and President Trump and his Team are rounding up the bad guys .
But the Deceivers want to defund the police and the military !
Can anyone in all honesty say we don ’ t need our police force and our military ?
There are bad apples in every bunch , but grow up and be honest .
Do you @ @ @ @ @ @ @ ?
Do you want to ever take a vacation or trip in this Country without knowing you can stop and get police help if you need it ?
If you don ’ t love this Country , leave now .
If you love this Land , which has nourished and fed you , then stay and be loyal .
If you have enjoyed land ownership here in the United States , count your blessings .
A takeover by China might prohibit that .
Farmers are not allowed to own land , a policy @ @ @ @ @ @ @ founding decisions of the Communist revolution .
In Xiaoxihe , a rolling eastern Chinese region of rice paddies and fishponds , farmers speak of land ownership as something so improbable that it defies imagination .
I am going to conclude with an article concerning Black Lives Matter and China .
On July 3rd of this year , Natural News reported that communist China was trafficking full-auto weapons parts into Florida as a way to arm Black Lives Matter terrorists in advance of a planned armed uprising / revolution .
US Customs and Border @ @ @ @ @ @ @ seized a shipment of over 10,000 full-auto upgrade parts that convert semi-auto rifles into full-auto weapons .
The weapons were destined for “ a residence ” in Melbourne , Florida .
Inside the shipment was over 10,000 small machine parts that function as full-auto drop-in upgrades for AR-15s .
Natural News was able to determine that this operation was part of an attempt by communist China to destabilize the United States by arming Antifa and Black Lives Matter terrorists .
Disclaimer : This is a guest post and it doesn ’ t necessarily @ @ @ @ @ @

By – Pamela Williams
By – Pamela Williams
Has anyone else been taken aback to find China seems to be the new man on the block now? Come on, give me a break, Elon.
Elon Musk in an interview:
QUOTE-
“China rocks in my opinion. The energy in China is great. People there – there’s like a lot of smart, hard working people. And they’re really — they’re not entitled, they’re not complacent, whereas I see in the United States increasingly much more complacency and entitlement especially in places like the Bay Area, and L.A. and New York.”
SpaceX CEO Elon Musk lamented the “entitled” and “complacent” character of people in the United States, and lauded the “smart” and “hard working people” of China, in the first installment of a three-part interview with Automotive News’ “Daily Drive” podcast published Friday.
Specifically, Musk criticized New York and California — states that have supported his businesses, especially Tesla, with considerable tax breaks, regulatory credits and other government help.
Last year, Chinese government officials helped Tesla secure loans worth around $1.6 billion to construct and begin manufacturing vehicles at the company’s relatively new Shanghai factory. This year, the Shanghai government helped Tesla get back to normal operations quickly, at its new plant, after the region was struck by a Covid-19 outbreak and issued widespread quarantines that temporarily suspended manufacturing there.
Musk pointed out, Telsa has not received as much assistance from the government in China as domestic companies. “They have been supportive. But it would be weird if they were more supportive to a non-Chinese company. They’re not,” he said.
The enthusiasm the mercurial Musk expressed for China contrasted with his previously stated disdain for communism. In a tweet on Monday this week, Musk mocked social welfare programs in general, and Karl Marx’s “Das Kapital.”
During the Automotive News podcast, Musk also compared the U.S., California and New York to sports teams about to lose their winning status.
He said:
“When you’ve been winning for too long you sort of take things for granted. The United States, and especially like California and New York, you’ve been winning for too long. When you’ve been winning too long you take things for granted. So, just like some pro sports team they win a championship you know a bunch of times in a row, they get complacent and they start losing.”
However, Tesla has benefited from other forms of government assistance in the U.S. According to analysis by the Los Angeles Times, Tesla’s government assistance in the U.S. has surpassed $4.9 billion.
Tesla’s government support in California has included more than $220 million in sales and use tax exclusions from the California Alternative Energy and Advanced Transportation Financing Authority, as well as zero emission vehicle and solar renewable energy credits granted by the state. The sale of these regulatory credits were a major factor in Tesla’s profitability in the past four quarters.
As CNBC and others previously reported, New York state spent $959 million on a solar-panel factory in Buffalo, now operated by Tesla, in a drive to bring more than 1,000 high-paying tech and manufacturing jobs to the state.
Tesla hasn’t fulfilled its employment obligations in New York so far. A financial filing out this week revealed that Tesla has obtained a full-year extension from the state in order to meet the head count requirement. If it does not, Musk’s electric car and renewable energy venture will have to pay back $41 million to the Empire State.
END OF QUOTE
Wow, it is so shocking to see how some turn on the hand that feeds them the moment they start winning. ‘Loyalty’ is one of the most important traits that can be found in any human being. It is the foundation of any long term relationship.
Without loyalty, there can be no respect between two people. This is not to say, one should not criticize or evaluate in truth a relationship. Your first loyalty should be to yourself, and that, in fact, should make you steadfast in your integrity. If you trash me when I am down…please, leave and don’t come back. Don’t slam the door on your way out.
We are primarily funded by readers. Please subscribe and donate to support us!
How did China go from being an abusive Communist country to the new hero of the world? It has been a bizarre and overnight transformation, and one the Democrats (Deceivers) have been working on for a very long time now.
I have written article after article on what the Democrats did from the moment Hillary Clinton lost the election to President Trump. Come on, people…why did they do it?
They sold out to Communist China a long time ago, and Communist China was in the process of a slow takeover of the United States.
What stopped them?
Without this man, you will be afraid of what tomorrow will bring here in the United States. People are showing their true colors, and President Trump and his Team are rounding up the bad guys.
(Never forget how far we have come. Epstein and Company can no longer do their dirty deeds on Epstein Island. )
But the Deceivers want to defund the police and the military!
Can anyone in all honesty say we don’t need our police force and our military? There are bad apples in every bunch, but grow up and be honest. Do you want to be owned by Communist China? Do you want to ever take a vacation or trip in this Country without knowing you can stop and get police help if you need it?
If you don’t love this Country, leave now. If you love this Land, which has nourished and fed you, then stay and be loyal.
If you have enjoyed land ownership here in the United States, count your blessings. A takeover by China might prohibit that.
www-nytimes-com.cdn.ampproject.org/v/s/www.nytimes.com/2019/09/26/world/asia/china-land-rights-farming.amp.html?amp_js_v=a3&_gsa=1&usqp=mq331AQFKAGwASA%3D#aoh=15963623726556&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.nytimes.com%2F2019%2F09%2F26%2Fworld%2Fasia%2Fchina-land-rights-farming.html
QUOTE
Farmers are not allowed to own land, a policy that goes back to one of the founding decisions of the Communist revolution.
In Xiaoxihe, a rolling eastern Chinese region of rice paddies and fishponds, farmers speak of land ownership as something so improbable that it defies imagination.
END OF QUOTE
I am going to conclude with an article concerning Black Lives Matter and China.
QUOTE
On July 3rd of this year, Natural News reported that communist China was trafficking full-auto weapons parts into Florida as a way to arm Black Lives Matter terrorists in advance of a planned armed uprising / revolution. US Customs and Border Protection (CBP) had interdicted and seized a shipment of over 10,000 full-auto upgrade parts that convert semi-auto rifles into full-auto weapons.
The weapons were destined for “a residence” in Melbourne, Florida. Inside the shipment was over 10,000 small machine parts that function as full-auto drop-in upgrades for AR-15s. Natural News was able to determine that this operation was part of an attempt by communist China to destabilize the United States by arming Antifa and Black Lives Matter terrorists.
END OF QUOTE
Disclaimer: This is a guest post and it doesn’t necessarily represent the views of IWB.


investmentwatchblog--2020-08-03--WSJ: The Federal Reserve is preparing to effectively abandon its strategy of pre-emptively lifting i

WSJ: The Federal Reserve is preparing to effectively abandon its strategy of pre-emptively lifting interest rates to head off higher inflation

The Federal Reserve is preparing to effectively abandon its strategy of pre-emptively lifting interest rates to head off higher inflation , a practice it has followed for more than three decades t.co/809L8FYeXI The Federal Reserve is preparing to effectively abandon its strategy of pre-emptively lifting interest rates to head off higher inflation , a practice it has followed for more than three decades .
Instead , Fed officials would take a more relaxed view by allowing for periods in which inflation would run slightly above the central bank ’ s 2 % target , to make up for past episodes @ @ @ @ @ @ @ .
“ It would be a significant change in terms of how they are thinking about ” the trade-off between employment and inflation , said Jan Hatzius of Goldman Sachs .
“ A lot of those things look very different now from the way they looked a few years ago , ” he said .
Fed Chairman Jerome Powell hinted at the shift at a news conference last week when he said the central bank would soon conclude a comprehensive review of its policy-making strategy that began last year .
Mr. Powell initiated @ @ @ @ @ @ @ up the Fed ’ s ability to counteract downturns in a world where interest rates are lower and more likely to remain pinned at zero .
Even before the severe shock from the coronavirus pandemic , the Fed had grown concerned about spells of low inflation that have bedeviled authorities in Japan over the past two decades and in Europe for the past decade .

by GloBoy54
The Federal Reserve is preparing to effectively abandon its strategy of pre-emptively lifting interest rates to head off higher inflation, a practice it has followed for more than three decades t.co/809L8FYeXI
www.wsj.com/articles/fed-weighs-abandoning-pre-emptive-rate-moves-to-curb-inflation-11596360600
The Federal Reserve is preparing to effectively abandon its strategy of pre-emptively lifting interest rates to head off higher inflation, a practice it has followed for more than three decades.
Instead, Fed officials would take a more relaxed view by allowing for periods in which inflation would run slightly above the central bank’s 2% target, to make up for past episodes in which inflation ran below the target.
“It would be a significant change in terms of how they are thinking about” the trade-off between employment and inflation, said Jan Hatzius of Goldman Sachs. “A lot of those things look very different now from the way they looked a few years ago,” he said.
Fed Chairman Jerome Powell hinted at the shift at a news conference last week when he said the central bank would soon conclude a comprehensive review of its policy-making strategy that began last year.
Mr. Powell initiated the review with an eye toward beefing up the Fed’s ability to counteract downturns in a world where interest rates are lower and more likely to remain pinned at zero.
Even before the severe shock from the coronavirus pandemic, the Fed had grown concerned about spells of low inflation that have bedeviled authorities in Japan over the past two decades and in Europe for the past decade.


investmentwatchblog--2020-08-03--Moderna’s bad ethics go beyond management sell-off… vaccine itself is overhyped. DD inside.

First of all , like you , I am also a retard .
If my life depended on explaining the difference between a T cell and B cell , I ’ d tell you to just make it quick and painless .
Unlike you however , I ’ m aware of my condition and try to minimize the damage .
I took an interest after reading the latest insider sell off on another WSB thread here .
Here is a recap of where we are with Moderna : • First , I would read the excellent Washington Post article : @ @ @ @ @ @ @ government partnership is fueling financial rewards for company executives ” .
Since your attention span is probably shot from too much KODK bag holding , key points from the article include : • Moncef Slaoui , Chief Scientist for Operation Warp Speed , was a board member of Moderna immediately before taking the new government role .
It is my opinion that this government relationship with Moderna creates a conflict of interest and plays a part in propelling Moderna ’ s vaccine hype and continued access to government funding .
Slaoui was not @ @ @ @ @ @ @ up divesting $ 10 million in Moderna stock options after Moderna received federal funding ( source ) .
I believe that is his entire holdings in Moderna so there may not be an apparent conflict moving forward , only unapparent conflict .
• Moderna ’ s vaccine tech is based on mRNA carrying a spike protein .
The spike protein triggers the immune system to create antibodies and was invented by the NIH and Univ of Texas .
Moderna has a “ nonexclusive ” license to the spike protein patent according to the @ @ @ @ @ @ @ gives Dr. Fauci and the NIH a natural incentive and bias in specifically Moderna ’ s success .
Also , Dr. Fauci and the NIH would probably be more familiar with Moderna and the spike protein rather than the other vaccine candidates since for those they would be on the outside looking in .
This would explain Dr. Fauci ’ s more optimistic stance on Moderna compared to others when discussing with media .
• Not in the article is an interview by Contagion with Dr. Patrick Soon-Shiong titled Can Moderna ’ s @ @ @ @ @ @ @ ( it ’ s a 5 minute youtube clip from a longer interview uploaded July 27 ) .
For the uninitiated , Dr. Soon-Shiong is just your normal transplant surgeon/professor/billionaire businessman/inventor of Abraxane which is used to treat lung , breast and pancreatic cancer .
For the math nerds , this man has more approved drugs than Moderna ( but then again , you have the same amount of approved drugs as Moderna ) .
• Now I ’ m not going to lie , I don ’ t understand much of the @ @ @ @ @ @ @ , my retard knows bounds ) , but it gets really interesting when Dr. Soon-Shiong begins discussing Moderna ’ s vaccine results from the 3:36 mark .
He goes on to say “ one of my greatest fears is unfortunately being borne out ” in that Moderna ’ s vaccine results show antibodies but a deeper look at Moderna ’ s supplement shows that “ T cells are quite literally zero ” after explaining why T cells are the key to a long term vaccine .
• At this point , the other @ @ @ @ @ @ @ , Dr. Adam Brufsky , chimes in with “ You ’ re saying everything I was going to say .
You ’ re stealing a lot of it .
Keep going , it ’ s great !
” ( yeah , this isn ’ t directly relevant but I enjoyed the bro moment ) .
Laughs were had by all , then Dr. Soon-Shiong summarizes that he is concerned with an RNA vaccine because “ the generation of that RNA is going to happen just for a short period of time and maybe @ @ @ @ @ @ @ not generating the T cells from the Moderna results.
” • Now , I could just trust what the literal Batman of cancer fighting said but I checked the Moderna Preliminary Report published by the New England Journal of Medicine and its Supplementary Index to confirm his T cell claims .
Again , I have no idea what a T cell is or does , but I believe Dr. Soon-Shiong was referring to the charts on pages 22-24 of the Supplement which show very little T cell responses , if any .
• @ @ @ @ @ @ @ to Moderna ’ s insider sell off where Moderna executives ( including CEO , CFO and CMO ) , board members , and a venture capital fund run by Moderna ’ s own chairman of the board ( Flagship Pioneering ) collectively sold almost $ 101 million worth of stock .
The WaPo article above goes into more detail if you missed this gigantic dump signal .
How the story ends : Like everybody else I want a vaccine too , but this ain ’ t the one .
In my opinion , @ @ @ @ @ @ @ side of the COVID response perfectly… but at the end of the day , you can ’ t juke the juice .
They bought some time before their house of cards collapse when CEO Stephane Bancel said results could be ready in November .
The only thing their delivering in November is a big dose of disappointment , whether it ’ s in the form of a delay , poor results , or another vaccine does better .
Stay away , buy puts , short the stock , whatever you want… but Americans @ @ @ @ @ @ @ t create a vaccine and ends up siphoning nearly $ 1 billion in federal funding , they better find a vaccine for retardation because I ’ m going to lose my shit .
Disclaimer : This information is only for educational purposes .
Do not make any investment decisions based on the information in this article .
Do you own due diligence or consult your financial professional before making any investment decision .

by xDaraku
First of all, like you, I am also a retard. If my life depended on explaining the difference between a T cell and B cell, I’d tell you to just make it quick and painless. Unlike you however, I’m aware of my condition and try to minimize the damage. I took an interest after reading the latest insider sell off on another WSB thread here. Here is a recap of where we are with Moderna:
We are primarily funded by readers. Please subscribe and donate to support us!
First, I would read the excellent Washington Post article: “A coronavirus vaccine rooted in a government partnership is fueling financial rewards for company executives”. Since your attention span is probably shot from too much KODK bag holding, key points from the article include:
Moncef Slaoui, Chief Scientist for Operation Warp Speed, was a board member of Moderna immediately before taking the new government role. It is my opinion that this government relationship with Moderna creates a conflict of interest and plays a part in propelling Moderna’s vaccine hype and continued access to government funding. Slaoui was not required to disclose his holdings and ended up divesting $10 million in Moderna stock options after Moderna received federal funding (source). I believe that is his entire holdings in Moderna so there may not be an apparent conflict moving forward, only unapparent conflict.
Moderna’s vaccine tech is based on mRNA carrying a spike protein. The spike protein triggers the immune system to create antibodies and was invented by the NIH and Univ of Texas. Moderna has a “nonexclusive” license to the spike protein patent according to the NIH. In my opinion, this gives Dr. Fauci and the NIH a natural incentive and bias in specifically Moderna’s success. Also, Dr. Fauci and the NIH would probably be more familiar with Moderna and the spike protein rather than the other vaccine candidates since for those they would be on the outside looking in. This would explain Dr. Fauci’s more optimistic stance on Moderna compared to others when discussing with media.
Not in the article is an interview by Contagion with Dr. Patrick Soon-Shiong titled Can Moderna’s COVID 19 Vaccine Generate Lasting Immunity? (it’s a 5 minute youtube clip from a longer interview uploaded July 27). For the uninitiated, Dr. Soon-Shiong is just your normal transplant surgeon/professor/billionaire businessman/inventor of Abraxane which is used to treat lung, breast and pancreatic cancer. For the math nerds, this man has more approved drugs than Moderna (but then again, you have the same amount of approved drugs as Moderna).
Now I’m not going to lie, I don’t understand much of the medical jargon being thrown around (again, my retard knows bounds), but it gets really interesting when Dr. Soon-Shiong begins discussing Moderna’s vaccine results from the 3:36 mark. He goes on to say “one of my greatest fears is unfortunately being borne out” in that Moderna’s vaccine results show antibodies but a deeper look at Moderna’s supplement shows that “T cells are quite literally zero” after explaining why T cells are the key to a long term vaccine.
At this point, the other oncologist (i.e. cancer doctor), Dr. Adam Brufsky, chimes in with “You’re saying everything I was going to say. You’re stealing a lot of it. Keep going, it’s great!” (yeah, this isn’t directly relevant but I enjoyed the bro moment). Laughs were had by all, then Dr. Soon-Shiong summarizes that he is concerned with an RNA vaccine because “the generation of that RNA is going to happen just for a short period of time and maybe that’s why we’re not generating the T cells from the Moderna results.”
Now, I could just trust what the literal Batman of cancer fighting said but I checked the Moderna Preliminary Report published by the New England Journal of Medicine and its Supplementary Index to confirm his T cell claims. Again, I have no idea what a T cell is or does, but I believe Dr. Soon-Shiong was referring to the charts on pages 22-24 of the Supplement which show very little T cell responses, if any.
And this is of course in addition to Moderna’s insider sell off where Moderna executives (including CEO, CFO and CMO), board members, and a venture capital fund run by Moderna’s own chairman of the board (Flagship Pioneering) collectively sold almost $101 million worth of stock. The WaPo article above goes into more detail if you missed this gigantic dump signal. How the story ends: Like everybody else I want a vaccine too, but this ain’t the one. In my opinion, it seems Moderna has played the business side of the COVID response perfectly… but at the end of the day, you can’t juke the juice. They bought some time before their house of cards collapse when CEO Stephane Bancel said results could be ready in November. The only thing their delivering in November is a big dose of disappointment, whether it’s in the form of a delay, poor results, or another vaccine does better. Stay away, buy puts, short the stock, whatever you want… but Americans deserve better. If Moderna doesn’t create a vaccine and ends up siphoning nearly $1 billion in federal funding, they better find a vaccine for retardation because I’m going to lose my shit.
MRNA 70P 15 JAN 21
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.


investmentwatchblog--2020-08-03--Is A 12% Decline In Jobless Claims Good Enough?

There is some confusion with the jobless claims report from the week of July 25th .
Seasonally adjusted initial claims rose , while unadjusted claims fell .
This increase in seasonally adjusted claims was highly predictable because claims on average fall sharply at this time of year .
The non-seasonally adjusted average of claims bottoms in September , but this is one of steepest drops of the year which means the seasonal adjustment pushed claims higher .
Since we think this cycle has transformed the labor market and is a much bigger force than seasonality , we prefer the non-seasonally @ @ @ @ @ @ @ this was a good report .
Specifically , adjusted claims were up slightly from 1.422 million to 1.434 million which was above estimates for 1.388 million .
That fits nicely with the narrative that the labor market hasn ’ t improved in over a month .
However , this time it is incorrect .
Unadjusted claims fell from 1.38 million to 1.21 million .
That ’ s a large 171,000 decline which is the biggest since May 30th .
The seasonal adjustment will push claims higher again next week .
Unadjusted claims will @ @ @ @ @ @ @ stop adjusted claims from rising .
PUAs fell 106,000 to 830,000 which is a decent improvement .
Remember , PUAs can ’ t be adjusted because this is a new program .
As you can see from the chart above , unadjusted claims including PUAs fell 12 % which was the biggest decline since late May .
The total is still 2.04 million , but it ’ s making progress .
This is great news considering the fact that we are only scratching the surface of a potential decline in COVID-19 cases .
@ @ @ @ @ @ @ .
The bad news is continued claims rose from 16.151 million to 17.018 million in the week of the 18th .
That ’ s the BLS survey week .
It just supports what we already knew , namely the BLS report is going to be bad .
It ’ s much more important to know when the restrictions will be lifted due to the decline in COVID-19 cases and how quickly the recovery will be once it resumes .
We almost never discuss the NAAIM investor exposure index because about 90 % of @ @ @ @ @ @ @ tell us much .
However , the past two weeks have been extremely bad for the bulls .
Investment managers have gotten way too bullish .
As the table below shows , in the week of July 29th , the exposure index stayed above 97 .
The first quartile had an exposure reading of 87.25 % .
In other words , the relatively bearish investors were still almost all in on stocks .
Remember , tops aren ’ t made quickly .
It usually takes longer than you ’ d expect .
In @ @ @ @ @ @ @ , might not mean anything for a few weeks .
That ’ s different from pessimistic bottoms which generally occur right after extreme readings are shown .
The counterpoint is usually that the AAII investor sentiment survey shows more bears than bulls .
Even if you are bullish , please don ’ t use this as one of your arguments .
The percentage of bears has been higher than the percentage of bulls for 23 weeks which is a new record streak .
This week , the percentage of bulls fell 5.8 % @ @ @ @ @ @ @ 17.8 % below average .
The percentage of bears rose 1.6 % to 48.5 % which is 18 % above average .
Stop for a second and realize this survey is clearly not reflecting individual investor positioning .
We have the widest retail investing exposure since the 1990s with millions creating new accounts .
Clearly this survey doesn ’ t reflect their excitement .
The chart above shows that sentiment was very poor prior to the financial crisis in 2008 .
This isn ’ t to say another crisis is coming .
The @ @ @ @ @ @ @ t always fade the AAII survey when it shows a lot of skepticism .
Based on recent surveys , if stocks rise in the next few weeks , there will only be more bears and less bulls .
The record streak for bears outweighing bulls could be destroyed .
There are so many more bears , the streak isn ’ t close to ending .
This is not the market climbing a wall of worry like normal bull run .
Firstly , this steak of readings is unprecedented ; secondly , investors are @ @ @ @ @ @ @ went from claiming they don ’ t have monopoly powers on Wednesday in a Congressional hearing to reporting monopoly-like great results on Thursday .
This was an amazing juxtaposition .
As you can see from the chart below , Facebook has been growing its annual lobbying spending .
After Facebook , Amazon , Apple , and Alphabet reported on Thursday , CNBC commentator Michael Santoli stated , we are in a “ can it possibly get better than this moment.
” Individuals discussed burning their value investing books because they missed the recent @ @ @ @ @ @ @ leaders that outperform for years act like vacuums , sucking up everything in their sight .
The market is at an extreme moment as the 5 year yield fell to 22 basis points which is the lowest level on record and the dollar fell to its lowest level since May 2018 .
As per usual , growth stocks lead by the big internet names are trouncing the value stocks .
Although , the small cap value index is up almost 8 % since July 9th .
Low yields are being used as an @ @ @ @ @ @ @ but value stocks have been mostly ignored in the past few months .
As you can see from the chart below , value stocks have a 2.7 % higher yield than investment grade debt .
The desperate search for yield hasn ’ t pushed investors into value names .
The jobless claims report was actually good for once as PUAs and regular unadjusted claims fell .
The NAAIM index shows managers are way overweight stocks .
This is a dangerous sign , but it doesn ’ t mean there will be a correction @ @ @ @ @ @ @ can take a couple months for one to occur .
There is extreme euphoria in the FAANG stocks despite the increased likelihood of regulations .
That ’ s why they are spending more on lobbying .
Value stocks have not benefited from the global search for yield .

by UPFINA
There is some confusion with the jobless claims report from the week of July 25th. Seasonally adjusted initial claims rose, while unadjusted claims fell. This increase in seasonally adjusted claims was highly predictable because claims on average fall sharply at this time of year. The non-seasonally adjusted average of claims bottoms in September, but this is one of steepest drops of the year which means the seasonal adjustment pushed claims higher. Since we think this cycle has transformed the labor market and is a much bigger force than seasonality, we prefer the non-seasonally adjusted numbers. On that basis, this was a good report.
Specifically, adjusted claims were up slightly from 1.422 million to 1.434 million which was above estimates for 1.388 million. That fits nicely with the narrative that the labor market hasn’t improved in over a month. However, this time it is incorrect. Unadjusted claims fell from 1.38 million to 1.21 million. That’s a large 171,000 decline which is the biggest since May 30th. The seasonal adjustment will push claims higher again next week. Unadjusted claims will need to fall at least 16,000 to stop adjusted claims from rising.
Initial claims for #unemployment +12k to 1.43mn in w-e Jul25! > 4wk avg: 1.37mn > PUA claims (NSA): 830k (-106k) Total UI+PUA still 2.04mn! Backlogs, miscounts, reporting interruptions valid reasons to be careful but + layoffs & less rehiring. Payrolls could fall in July pic.twitter.com/8rEUbko0Td — Gregory Daco (@GregDaco) July 30, 2020
PUAs fell 106,000 to 830,000 which is a decent improvement. Remember, PUAs can’t be adjusted because this is a new program. As you can see from the chart above, unadjusted claims including PUAs fell 12% which was the biggest decline since late May. The total is still 2.04 million, but it’s making progress. This is great news considering the fact that we are only scratching the surface of a potential decline in COVID-19 cases. Deaths haven’t even peaked yet.
The bad news is continued claims rose from 16.151 million to 17.018 million in the week of the 18th. That’s the BLS survey week. It just supports what we already knew, namely the BLS report is going to be bad. It’s much more important to know when the restrictions will be lifted due to the decline in COVID-19 cases and how quickly the recovery will be once it resumes.
Extremely Worrying Sign For Stocks
We almost never discuss the NAAIM investor exposure index because about 90% of the time, it doesn’t tell us much. However, the past two weeks have been extremely bad for the bulls. Investment managers have gotten way too bullish. As the table below shows, in the week of July 29th, the exposure index stayed above 97. The first quartile had an exposure reading of 87.25%. In other words, the relatively bearish investors were still almost all in on stocks. Remember, tops aren’t made quickly. It usually takes longer than you’d expect. In other words, these two scary signs, might not mean anything for a few weeks. That’s different from pessimistic bottoms which generally occur right after extreme readings are shown.
We are primarily funded by readers. Please subscribe and donate to support us!
NAAIM Exposure index virtually unchanged as active investment managers remain all-in. 1st quartile reading of 87.25 is as high as it has been since Dec 2019/Jan 2020. pic.twitter.com/dtJnQQzEyM — Willie Delwiche, CMT, CFA (@WillieDelwiche) July 30, 2020
The counterpoint is usually that the AAII investor sentiment survey shows more bears than bulls. Even if you are bullish, please don’t use this as one of your arguments. The percentage of bears has been higher than the percentage of bulls for 23 weeks which is a new record streak. This week, the percentage of bulls fell 5.8% to 20.2% which is an astounding 17.8% below average. The percentage of bears rose 1.6% to 48.5% which is 18% above average. Stop for a second and realize this survey is clearly not reflecting individual investor positioning. We have the widest retail investing exposure since the 1990s with millions creating new accounts. Clearly this survey doesn’t reflect their excitement.
Saying the AAII survey represents "investor sentiment" is like saying AARP represents "people". And if you bought stocks the last time "investor sentiment" was this low for this long, you woulda had a hefty 49% drawdown. pic.twitter.com/VzDrv8Soyb — SentimenTrader (@sentimentrader) July 30, 2020
The chart above shows that sentiment was very poor prior to the financial crisis in 2008. This isn’t to say another crisis is coming. The point here is that you shouldn’t always fade the AAII survey when it shows a lot of skepticism. Based on recent surveys, if stocks rise in the next few weeks, there will only be more bears and less bulls. The record streak for bears outweighing bulls could be destroyed. There are so many more bears, the streak isn’t close to ending. This is not the market climbing a wall of worry like normal bull run. Firstly, this steak of readings is unprecedented; secondly, investors are positioned bullishly.
Big Tech Faces Scrutiny
The big internet firms went from claiming they don’t have monopoly powers on Wednesday in a Congressional hearing to reporting monopoly-like great results on Thursday. This was an amazing juxtaposition. As you can see from the chart below, Facebook has been growing its annual lobbying spending. After Facebook, Amazon, Apple, and Alphabet reported on Thursday, CNBC commentator Michael Santoli stated, we are in a “can it possibly get better than this moment.” Individuals discussed burning their value investing books because they missed the recent run in FAANG stocks. Bull market leaders that outperform for years act like vacuums, sucking up everything in their sight.
Almost half (45%) of the Communication Services sector is testifying in front of Congress over antitrust concerns right now: $FB (21.1% weight) & $GOOG/L (23.4%). $FB spent $4.83 million on lobbying last quarter, up 17.5% y/y. Read our full take here: t.co/DPvfqgpYs5 $XLC pic.twitter.com/knfDXXrBHL — DataTrek Research (@DataTrekMB) July 29, 2020
An Extreme Moment
The market is at an extreme moment as the 5 year yield fell to 22 basis points which is the lowest level on record and the dollar fell to its lowest level since May 2018. As per usual, growth stocks lead by the big internet names are trouncing the value stocks. Although, the small cap value index is up almost 8% since July 9th. Low yields are being used as an argument to pile into growth stocks, but value stocks have been mostly ignored in the past few months. As you can see from the chart below, value stocks have a 2.7% higher yield than investment grade debt. The desperate search for yield hasn’t pushed investors into value names.
Stocks are the new fixed income. Value stocks in the Russell 1,000 are paying about the highest-ever dividend yield relative to average yields on the Bloomberg Barclays Agg index of investment-grade bonds. Chart via @DRBcurtis @bloombergtv pic.twitter.com/Wirm2MI0NX — Lisa Abramowicz (@lisaabramowicz1) July 30, 2020
Conclusion
The jobless claims report was actually good for once as PUAs and regular unadjusted claims fell. The NAAIM index shows managers are way overweight stocks. This is a dangerous sign, but it doesn’t mean there will be a correction in the next few days. It can take a couple months for one to occur. There is extreme euphoria in the FAANG stocks despite the increased likelihood of regulations. That’s why they are spending more on lobbying. Value stocks have not benefited from the global search for yield.


investmentwatchblog--2020-08-03--Huawei CEO seeks full access to Canadian spy-service documents, claiming ‘cover-up’ about her arrest

Meng wants fuller access to the redacted documents about her arrest , as she seeks to have her extradition case @ @ @ @ @ of process

Meng wants fuller access to the redacted documents about her arrest, as she seeks to have her extradition case thrown out as an abuse of process
We are primarily funded by readers. Please subscribe and donate to support us!
www.scmp.com/news/china/society/article/3094921/huaweis-meng-wanzhou-seeks-canadian-spy-service-documents


investmentwatchblog--2020-08-03--Singapore to make travellers wear electronic tags to enforce quarantine

From August 11 , the devices will be given to incoming travellers , including citizens and residents , from a @ @ @ @ @ will be allowed to isolate at home rather than at a state-appointed facility .
Similar @ @ @ @ @ track peoples ’ movements during quarantine have been used in Hong Kong and South Korea @ @ @ @ @ required to activate the device , which use GPS and Bluetooth signals , upon reaching @ @ @ @ @ notifications on the device which they must acknowledge .
Any attempt to leave home or @ @ @ @ @ trigger an alert to the authorities .

From August 11, the devices will be given to incoming travellers, including citizens and residents, from a select group of countries who will be allowed to isolate at home rather than at a state-appointed facility.
Similar measures using electronic wristbands to track peoples’ movements during quarantine have been used in Hong Kong and South Korea.
Travellers to Singapore are required to activate the device, which use GPS and Bluetooth signals, upon reaching their home and will receive notifications on the device which they must acknowledge.
We are primarily funded by readers. Please subscribe and donate to support us!
Any attempt to leave home or tamper with the device will trigger an alert to the authorities.
www.theguardian.pe.ca/business/reuters/singapore-to-make-travellers-wear-electronic-tags-to-enforce-quarantine-480573/


investmentwatchblog--2020-08-03--Message Received, Something Big Is About To Drop, The Enemy Is Being Exposed

The [ DS ] /MSM are now being trapped , people are waking up around the world , they reaching @ @ @ @ @ change .
The people are now waking up about what ’ s been happening with @ @ @ @ @ were released and it ’ s all falling apart for the elite , they are @ @ @ @ @ is about to drop , the enemy is now being exposed to the world .

The [DS]/MSM are now being trapped, people are waking up around the world, they reaching the point that they want change. The people are now waking up about what’s been happening with the children, GM documents were released and it’s all falling apart for the elite, they are being exposed. Something big is about to drop, the enemy is now being exposed to the world.
We are primarily funded by readers. Please subscribe and donate to support us!


investmentwatchblog--2020-08-03--Homeowners & Landlords Will Suffer… The Back Rent Will Never Be Repaid

More than $ 21.5 billion in past-due rent is looming over Americans struggling to make ends meet , as Republicans @ @ @ @ @ new relief package .
How will the back rent be paid back ?
Who will @ @ @ @ @ ?
Tonight we talk about on RTD Live Talk .

More than $21.5 billion in past-due rent is looming over Americans struggling to make ends meet, as Republicans and Democrats fight over a new relief package. How will the back rent be paid back? Who will be taking a hair cut? Tonight we talk about on RTD Live Talk.
We are primarily funded by readers. Please subscribe and donate to support us!


investmentwatchblog--2020-08-03--CNBC: We hired pollsters to see if free money was popular

CNBC : We hired pollsters to see if free money was popular 😂😂

CNBC: We hired pollsters to see if free money was popular 😂😂
— Reminiscences of an American Capitalist (@4Awesometweet) August 3, 2020


investmentwatchblog--2020-08-03--You can say there is NO bubble in technology, but that still doesn’t resolve the valuation issues.

You can say there is NO bubble in technology , but that still does n't resolve the valuation issues .
@ @ @ @ @ Lordstown Motors continues to trend of more and more EV equity supply coming to the @ @ @ @ @ been one characteristic of bubbles .
t.co/xLAKZUQpJH

You can say there is NO bubble in technology, but that still doesn't resolve the valuation issues. pic.twitter.com/XfWkBdJamO — Lance Roberts (@LanceRoberts) August 3, 2020
The new listing of Lordstown Motors continues to trend of more and more EV equity supply coming to the market, which historically has been one characteristic of bubbles. t.co/xLAKZUQpJH — Joe Weisenthal (@TheStalwart) August 3, 2020
ICYMI an ETF for CLOs is coming.t.co/ebjQa7KJdf by @kgreifeld — Tracy Alloway (@tracyalloway) August 2, 2020


investmentwatchblog--2020-08-03--Retail Rent Drops 15.3% in NYC:

Retail Rent Drops 15.3% in NYC:

Madison Avenue corridor from 57th to 72nd Street , which holds a number of luxury retailers including Celine and Hermes @ @ @ @ @ % from a year ago to $ 882 per square foot .

Retail Rent Drops 15.3% in NYC:
Madison Avenue corridor from 57th to 72nd Street, which holds a number of luxury retailers including Celine and Hermes,
saw rents drop 15.3%
from a year ago to $882 per square foot.
Wow 🤔@OpenOutcrier @DiMartinoBooth #nyc
— Reminiscences of an American Capitalist (@4Awesometweet) August 3, 2020


investmentwatchblog--2020-08-03--I wonder what folks think about the dollar right now?

The unnatural calm that settled over financial markets in the wake in the Covid-19 pandemic is being disturbed by ominous signs that the US dollar is in trouble .
This is not just a matter of risk-off moments or yield differentials , as some suggest .
Something more fundamental is at work .
What makes the behaviour of the dollar particularly ominous is that the world ’ s key currency is sliding not only against benchmarks such as gold and silver but also against many measures of value including other key currencies .
A general depreciation of the world ’ @ @ @ @ @ @ @ dollar is at a two-year low against a basket of currencies and US Federal Reserve chairman Jerome Powell ’ s statement on July 29 that the Fed will keep monetary policy very loose , at least until the end of this year , portends further weakness .
Even if the main reserve and transaction currency is not exactly tottering , its wobbles hint at scenarios where it has to share pole position with other currencies , an unstable state in itself .
Conventional wisdom holds that the dollar will retain pole position as @ @ @ @ @ @ @ is not in a position to offer a real challenge and China is cautious about dismantling yuan exchange controls , while the Japanese yen is not a serious contender .

The unnatural calm that settled over financial markets in the wake in the Covid-19 pandemic is being disturbed by ominous signs that the US dollar is in trouble. This is not just a matter of risk-off moments or yield differentials, as some suggest. Something more fundamental is at work.
What makes the behaviour of the dollar particularly ominous is that the world’s key currency is sliding not only against benchmarks such as gold and silver but also against many measures of value including other key currencies. A general depreciation of the world’s leading currency is rare.
The dollar is at a two-year low against a basket of currencies and US Federal Reserve chairman Jerome Powell’s statement on July 29 that the Fed will keep monetary policy very loose, at least until the end of this year, portends further weakness.
Even if the main reserve and transaction currency is not exactly tottering, its wobbles hint at scenarios where it has to share pole position with other currencies, an unstable state in itself.
Conventional wisdom holds that the dollar will retain pole position as the paramount global currency because the euro is not in a position to offer a real challenge and China is cautious about dismantling yuan exchange controls, while the Japanese yen is not a serious contender.


investmentwatchblog--2020-08-03--One of the telling signs of a #liquidity #trap is when you lower #rates and increase #money #supply

One of the telling signs of a #liquidity #trap is when you lower #rates and increase #money #supply and don’t get much economic activity from it. Welcome to the #USofJapan

One of the telling signs of a # liquidity # trap is when you lower # rates and increase # @ @ @ @ @ n't get much economic activity from it .
Welcome to the # USofJapan pic.twitter.com/pW2vFWA3on People @ @ @ @ @ happens when the checks run dry .
t.co/mV8B4jGXgM Stimulus money is in play but psychology @ @ @ @ @ .
Consumers Use Free Money to Pay Down Debt Dollar on defensive as U.S. recovery @ @ @ @ @ This is a great chart breaking down the increases to personal income from February to @ @ @ @ @ # welfare .
If Congress does n't get a deal done , spending is about @ @ @ @ @ pic.twitter.com/PCdu06UWLW The city that never sleeps is taking a long nap .
It breaks my @ @ @ @ @ so empty .
Our state economy is going down the drain quickly .
I don @ @ @ @ @ longer this can last financially .
We need to reopen our economy .
pic.twitter.com/di2gHY2X2s

One of the telling signs of a #liquidity #trap is when you lower #rates and increase #money #supply and don't get much economic activity from it. Welcome to the #USofJapan pic.twitter.com/pW2vFWA3on
People are rightly worried about what happens when the checks run dry. t.co/mV8B4jGXgM
Stimulus money is in play but psychology may be a bigger factor.
Consumers Use Free Money to Pay Down Debt
Dollar on defensive as U.S. recovery story in doubt t.co/VtrGstArgS pic.twitter.com/yGvhtmlb0g
This is a great chart breaking down the increases to personal income from February to June. Everything declined except #welfare . If Congress doesn't get a deal done, spending is about to dry up quick. pic.twitter.com/PCdu06UWLW
The city that never sleeps is taking a long nap.
It breaks my heart to see JFK Airport so empty.
Our state economy is going down the drain quickly.
I don’t know how much longer this can last financially.
We need to reopen our economy. pic.twitter.com/di2gHY2X2s
— Dr. David Samadi (@drdavidsamadi) August 3, 2020