investmentwatchblog--2020-07-11--CALIFORNIA: If It’s Not Bad Enough Yet, Take Another 8,000 Convicts On The Streets

THIS IS AN EXCUSE , AS DEATH RATES IN PRISONS ARE MINUSCULE .
California to release up to 8,000 prisoners to curb spread of coronavirus .
Prison officials have announced California will release up to 8,000 people from state prisons to curb the spread of Covid-19 throughout the institutions .
Officials on Friday announced three separate efforts , approved by the governor , Gavin Newsom , that they say will decrease the prison population by 8 , ooo by the end of August .
The measures mark the largest release efforts the state administration has taken since Covid-19 began to @ @ @ @ @ @ @ .
The first initiative expands a previous effort to expedite the release of people with 180 or fewer days left on their sentences to include people serving time for serious felonies .
The second measure is an immediate review of cases of people with less than a year left to serve in eight prisons that have large populations at high risk of developing Covid-19 complications .
The state will also launch a one-time program under which those incarcerated in state prisons , including people serving time for violent felonies , will receive a @ @ @ @ @ @ @ .
People with recent rule violations and those who are sentenced to death or life without parole are excluded from the program .
Prison officials say the program will affect roughly 108,000 people , or about 95 % of the state prison population .
For 3,100 people , the credit will allow their release when the program begins on 1 August .

THIS IS AN EXCUSE, AS DEATH RATES IN PRISONS ARE MINUSCULE. California to release up to 8,000 prisoners to curb spread of coronavirus.
Prison officials have announced California will release up to 8,000 people from state prisons to curb the spread of Covid-19 throughout the institutions.
Officials on Friday announced three separate efforts, approved by the governor, Gavin Newsom, that they say will decrease the prison population by 8,ooo by the end of August. The measures mark the largest release efforts the state administration has taken since Covid-19 began to circulate among prison staff and incarcerated people.
The first initiative expands a previous effort to expedite the release of people with 180 or fewer days left on their sentences to include people serving time for serious felonies.
The second measure is an immediate review of cases of people with less than a year left to serve in eight prisons that have large populations at high risk of developing Covid-19 complications.
The state will also launch a one-time program under which those incarcerated in state prisons, including people serving time for violent felonies, will receive a credit shortening their sentences by three months. People with recent rule violations and those who are sentenced to death or life without parole are excluded from the program. Prison officials say the program will affect roughly 108,000 people, or about 95% of the state prison population. For 3,100 people, the credit will allow their release when the program begins on 1 August.


investmentwatchblog--2020-07-11--Lawsuit against California Governor Gavin Newsome banning singing in Churches

Colossians 3:16 King James Version ( KJV ) 16 Let the word of Christ dwell in you richly in all @ @ @ @ @ one another in psalms and hymns and spiritual songs , singing with grace in your @ @ @ @

Colossians 3:16 King James Version (KJV)
16 Let the word of Christ dwell in you richly in all wisdom; teaching and admonishing one another in psalms and hymns and spiritual songs, singing with grace in your hearts to the Lord
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h/t Goneviral


investmentwatchblog--2020-07-11--Trump Will Be Re-Elected in a Landslide with James Hirsen

James Hirsen returns… Chairman Newsom is selectively closing businesses but leaves his own business open .
He ’ s banned @ @ @ @ @ .
He said the people looting and rioting were expressing themselves and that ’ s @ @ @ @ @ a businessman trying to support his family by opening without government permission .
A lot @ @ @ @ @ state of disbelief .
Criminals are allowed to run rampant and there ’ s no @ @ @ @ @ When will order be restored ?
Click Here to Listen to the Audio

from Financial Survival Network
James Hirsen returns… Chairman Newsom is selectively closing businesses but leaves his own business open. He’s banned singing in houses of worship. He said the people looting and rioting were expressing themselves and that’s okay, but heaven help a businessman trying to support his family by opening without government permission. A lot of people are in a state of disbelief. Criminals are allowed to run rampant and there’s no police to stop it. When will order be restored?
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Click Here to Listen to the Audio


investmentwatchblog--2020-07-11--Is China’s Three Gorges Dam, with many nuclear plants below it, about to crumble?

( Natural News ) Expert hydrologist Wang Weiluo has issued a dire warning about communist China ’ s Three Gorges Dam , a massive structure built on the Yangtze River that he says is on the verge of collapsing , threatening a number of nuclear plants positioned below it .
The area has been receiving excess rainstorms for many weeks now , generating mudslides and other hazards that have already lifted up and moved some 7,300 housing structures .
At least eight million people have been affected by the storms thus far , with many more in harm ’ s @ @ @ @ @ @ @ While the communist Chinese regime claims that the dam is just fine , Weiluo is not convinced .
He says its design , construction , and quality inspection were all conducted by the same people , and that it was rushed to completion far too quickly to be safe for the long haul – a situation that America faces as well .
This is especially concerning when considering that the Three Gorges Dam is the world ’ s largest hydropower project , holding back unprecedented volumes of water .
Weiluo claims the dam @ @ @ @ @ @ @ the rising flood waters , and that , in time , it will only have a very limited effect on flood control .
Chinese Vice Minister of Water Resources Ye Jianchun reportedly stated at a June 10 press conference that at least 148 rivers throughout China have already risen above warning threshold .
And if the Three Gorges Dam ends up bearing the brunt of this , an absolute catastrophe could ensue .
Cracks , substandard concrete discovered in Three Gorges Dam during construction A circulating satellite photo of the dam , which @ @ @ @ @ @ @ seem to show strange bends in the dam ’ s structure .
We can not confirm whether this is evidence of structural flaws , or if the image is simply distorted .
It is also unclear just how many nuclear power facilities are located in the dam ’ s path , should it break .
One report claims there are an astounding 66 of them , though we can not confirm this , either .
What we do know is that the dam is substandard in its build quality , with cracks that @ @ @ @ @ @ @ the start .
The dam also sits on a major seismic fault , with roughly 80 percent of the land below it undergoing soil erosion .
Every single year , the dam deposits an astounding 40 million tons of sediment into the Yangtze River , an important detail about the dam ’ s environmental impact that the communist Chinese regime continues to ignore .
In the early stages of the dam ’ s construction , hydrologists had warned that downstream banks would become more vulnerable to flooding because of this erosion .
They @ @ @ @ @ @ @ , which could cause biological damage and major reductions in aquatic biodiversity .
“ Erosion in the reservoir , induced by rising water , [ has ] caused frequent major landslides that have led to noticeable disturbance [ s ] in the reservoir surface , ” one report explains .
“ Two incidents in May 2009 confirmed this when somewhere between 20,000 and 50,000 cubic metres ( 26,000 and 65,000 cu .
yd . )
of material plunged into the flooded Wuxia Gorge of the Wu River.
” Keep in mind that the @ @ @ @ @ @ @ that collectively house anywhere between 400-600 million people – or nearly twice the population of the entire United States .
Should the dam collapse – God forbid – many of these folks would face almost certain death .
“ Three Gorges was built by Li Peng , the so-called butcher of Tiananmen Square , ” writes Kerry Lutz for the Financial Survival Network .
“ It used substandard steel and concrete , improper welding and poor design .
In 1992 when construction started , Chinese technical and engineering prowess were in their beginning @ @ @ @ @ @ @ but it ’ s too late.
” We will keep you posted as we learn more about the plight of the Three Gorges Dam .
You can also learn more about China ’ s failures by visiting Collapse.news .

by: Ethan Huff
(Natural News) Expert hydrologist Wang Weiluo has issued a dire warning about communist China’s Three Gorges Dam, a massive structure built on the Yangtze River that he says is on the verge of collapsing, threatening a number of nuclear plants positioned below it.
The area has been receiving excess rainstorms for many weeks now, generating mudslides and other hazards that have already lifted up and moved some 7,300 housing structures. At least eight million people have been affected by the storms thus far, with many more in harm’s way should the dam eventually collapse.
While the communist Chinese regime claims that the dam is just fine, Weiluo is not convinced. He says its design, construction, and quality inspection were all conducted by the same people, and that it was rushed to completion far too quickly to be safe for the long haul – a situation that America faces as well.
This is especially concerning when considering that the Three Gorges Dam is the world’s largest hydropower project, holding back unprecedented volumes of water. Weiluo claims the dam is not properly equipped to hold back the rising flood waters, and that, in time, it will only have a very limited effect on flood control.
Chinese Vice Minister of Water Resources Ye Jianchun reportedly stated at a June 10 press conference that at least 148 rivers throughout China have already risen above warning threshold. And if the Three Gorges Dam ends up bearing the brunt of this, an absolute catastrophe could ensue.
Cracks, substandard concrete discovered in Three Gorges Dam during construction
A circulating satellite photo of the dam, which is available at this link, would seem to show strange bends in the dam’s structure. We cannot confirm whether this is evidence of structural flaws, or if the image is simply distorted.
It is also unclear just how many nuclear power facilities are located in the dam’s path, should it break. One report claims there are an astounding 66 of them, though we cannot confirm this, either.
What we do know is that the dam is substandard in its build quality, with cracks that formed in the low-quality concrete right from the start. The dam also sits on a major seismic fault, with roughly 80 percent of the land below it undergoing soil erosion.
Every single year, the dam deposits an astounding 40 million tons of sediment into the Yangtze River, an important detail about the dam’s environmental impact that the communist Chinese regime continues to ignore.
In the early stages of the dam’s construction, hydrologists had warned that downstream banks would become more vulnerable to flooding because of this erosion. They also sounded the alarm about sediment buildup, which could cause biological damage and major reductions in aquatic biodiversity.
We are primarily funded by readers. Please subscribe and donate to support us!
“Erosion in the reservoir, induced by rising water, [has] caused frequent major landslides that have led to noticeable disturbance[s] in the reservoir surface,” one report explains.
“Two incidents in May 2009 confirmed this when somewhere between 20,000 and 50,000 cubic metres (26,000 and 65,000 cu. yd.) of material plunged into the flooded Wuxia Gorge of the Wu River.”
Keep in mind that the Yangtze River weaves its way through cities that collectively house anywhere between 400-600 million people – or nearly twice the population of the entire United States. Should the dam collapse – God forbid – many of these folks would face almost certain death.
“Three Gorges was built by Li Peng, the so-called butcher of Tiananmen Square,” writes Kerry Lutz for the Financial Survival Network.
“It used substandard steel and concrete, improper welding and poor design. In 1992 when construction started, Chinese technical and engineering prowess were in their beginning stages. Now they know better, but it’s too late.”
We will keep you posted as we learn more about the plight of the Three Gorges Dam. You can also learn more about China’s failures by visiting Collapse.news.
Sources for this article include:
Organiser.org
SGTReport.com
NaturalNews.com


investmentwatchblog--2020-07-11--Epochalypse Now: How Deep is Your Depression?

We are nearing that mid-point in July when I said we would start to see the news turn from euphoria-inducing reopening positives to depression-developing realism .
Speaking of stock-market bulls who are stampeding uphill on the euphoria side , I wrote , And , so it has tuned out .
The Dow and S & P have stalled at about a 60 % retracement of their earlier crash , which is right where I said I thought they would .
They stopped rising well below their all-time peaks because the COVIDcrisis raised its ugly head ( the one caveat I @ @ @ @ @ @ @ moon ) very quickly after our nationwide economic reopening … … but massive bets have poured into tech stocks — long seen as the surest bet in a risky marketplace — and have pushed the tech-heavy Nasdaq on a reach well beyond its former peak : So , we see the stock market proving both claims true — that a rise of COVID-19 would knock the wind out of the euphoric bulls but that , absent a host of new COVID-19 headlines , the bulls would continue to focus on the great reopening @ @ @ @ @ @ @ later .
That is how I read what is happening in this split : money effectively shifted from the more value-driven Dow and S & P where the rise had been going strong into the high-velocity , high-tech NASDAQ to complete the charge up past former highs as I said the bulls would try to do .
The path became narrower ; but the tech charge , where most of the testosterone is , continued to drive up the center , pumped by the V-shaped fantasy — pumped so hard that those remaining @ @ @ @ @ @ @ new COVID headlines , while others have fallen to the sides .
“ Here ’ s the full truth , ” I said in early June about the euphoria-inducing reopening : Yet , that truth is already flooding in for those who are willing to see it , and I ’ m going to lay out the broad overview of it here and then give a whole deluge of short facts tomorrow : Now it really is a retail and restaurant apocalypse While I said retail — because it was already dying — @ @ @ @ @ @ @ also noted in other articles that restaurants would suffer similarly broad and quick deaths because they are typically run on thin margins .
So , here is where we are on reopening for those segments of the economy that I said would become the first devastating news to materialize , particularly restaurants , retail and unemployment .
The latter I said would hold at deep recession levels .
Now that reopening appears to have gone about as far as it is going to go because some states have reversed it , while others @ @ @ @ @ @ @ basis , we are already at the point where reopening is climaxing .
First , here ’ s a real ground-level ( Main Street ) view of how jaw-dropping the destruction to restaurants turned out to be ( worse at this early date than even I thought it would be ) : The National Association of Restaurants had estimated 15 % of restaurants would close for good .
I had noted another publication , Open Table , that estimated 25 % would never reopen .
I ventured 20 % would not reopen but @ @ @ @ @ @ @ close under the partial-opening restrictions in most states , so that we ’ d eventually be down about 40 % .
It looks like many of the latter kind ( the ones that would reopen and then give up ) were smart enough no to even give partial-reopening a try because , as I said , most restaurants will run at a loss throughout the period of partial reopening .
They can not make it with their customer base cut in half … or worse .
53 % of those listed on Yelp @ @ @ @ @ @ @ are gone for good .
That is absolutely catastrophic .
That ’ s the number on Yelp that have so fully given up that they have already reported to their customers they will never reopen !
If you ’ ve been thinking I have been too bearish about .
all of this , wait until you see how bad it may become once many of those that have reopened give up the ghost in exhaustion : As for the retail apocalypse that I ’ ve been describing for , at least , three @ @ @ @ @ @ @ the middle of July , and already the first wave of permanent damage to wash over us is massive .
Almost beyond belief !
It ’ s a total tsunami of “ permanent ” business destruction , and a lot more waves are coming from all the businesses that are impacted by the businesses that have just shut down for good !
Yet , do you think I could convince bullish investors on other sites that we are going beyond a recession and into a second Great Depression and that the stock market @ @ @ @ @ @ @ my best arguments .
However that , too , fits exactly what I predicted , which was that bull-headed stock traders would certainly be the last to figure this out .
I was so certain the lunacy and complete denial would keep charging ahead that I said I was going to bet my own retirement money on it in stocks for a short ride up , unless and until the COVIDcrisis came crashing back into the party with new headlines of rising cases and deaths .
It almost immediately did , making the @ @ @ @ @ @ @ was my self-imposed stop for getting out of the risk .
I wanted to put my money where my mouth is to prove how much I believed what I was saying , and I would have made money had I stayed in because most of the stock funds I invested our three small 401Ks in were heavy in tech .
However , I adhered to my stop when COVID crashed the party with rapidly rising cases .
So , it was a dumb bet in terms of hoping the health crisis would stay @ @ @ @ @ @ @ reopening ; but it was not at all wrong about how far the market euphoria would keep pushing even past the start of truly depressing news that is now coming in before the mid-July date I gave for the reversal in the economic news flow .
Today ’ s rise in the Nasdaq in the face of today ’ s terrible economic news , shown below , affirms that .
Epic Great-Depression-level unemployment begins new epoch in US history I noted in my article referenced above that the biggest upward driver for the @ @ @ @ @ @ @ be the certain-to-be-seen rapid turnaround in job losses from the worst losses in history to the best gains in history .
That certainly has turned out to be the centerpiece of the narrative the market is riding on ; but the deeper truth , I said , would be… And , so , here is how all of that is coming together in this morning ’ s hot news : That ’ s how bad it it … just in the broad sweep !
And that was measured before states started to reverse @ @ @ @ @ @ @ , in other words , solely due to the effects of the initial shutdown continuing to play through .
These numbers are truly as grand on a historic scale as I said the next recession would be when I named what was coming “ The Epocalypse ” a few years ago .
In fact , the data are worse by far than what I thought the starting data for permanent destruction would be back when I started ( a couple of months ago ) to lay out the timeline for how all of @ @ @ @ @ @ @ pandemic response is clearly a huge factor in the present crisis , the economy is collapsing much harder than it would have with deeper , more permanent destruction than our politicians ever thought their closures could cause because the economy was a house of cards ready to collapse in the first place .
They didn ’ t see what destruction their actions would wreck upon the economy because they were blind to how fractured our economy was by the deep flaws I ’ ve been pointing out for years .
Our social structures @ @ @ @ @ @ @ , as I also said would be part of The Epocalypse .
Shortly after the COVID-crisis had taken down the stock market in a Great-Depression-era sized crash , I started making it clear that the worst numbers — the permanent damage — wouldn ’ t even start to become known until mid-July .
Now I can say that train of facts has started pulling into the station a week early .
This article presents the broad picture of just how much this recession is following the exact fast track I said it would @ @ @ @ @ @ @ Tomorrow , I ’ m going to lay out a finer-grained picture by presenting numerous headlines as thumbnail prints of the economic collapse that is gaping now open beneath us .
This is not just a recession .
It may even become worse than the Great Depression .
If these numbers hold for permanent business closures ( and there is no reason to think they won ’ t ) and new unemployment claims continue as they are now starting to crystalize even before the middle of July , this will certainly develop into @ @ @ @ @ @ @ call “ The Epocalypse.
” Death of the dollar , death of money as we know it .
As I wrote in my latest Patron Post , this collapse may also now include a global dollar collapse , which will change the world and the United States ’ relationship to it .
In addition to all I wrote in that article on the possibility of a dollar collapse and its effects , which was quite extensive , I am now including here in this article an interview with Shadowstats ’ John Williams on @ @ @ @ @ @ @ an economist since the Nixon administration more than forty years ago .
He is the one I sometimes go to for quotes on real economic data without all corrupt revisions the government has worked into its formulae since the dollar lost its last hold on gold in the Nixon era and the government had to start compensating for the truth .
Williams validates everything I wrote this week about a possible dollar collapse ( and that means the Fed ’ s destruction along with it ) , saying the dollar is looking seriously @ @ @ @ @ @ @ at the start of my Patron Post , I ’ ve never written about the collapse of the dollar as a possibility in any year until now .
I ’ m not predicting it will collapse this year because I point out in my own article that there are also strong disinflationary forces at work ; but this is the first year in which I think it actually could .
It is time to be vigilant about it , watching what is happening in foreign currency exchanges and keeping a close eye on @ @ @ @ @ @ @ not as falsely reported by the government , but as such stats used to be calculated in the 1970s and still are by John Williams on Shadowstats.com .
I ’ m putting Williams ’ interview in this article , rather than my Patron Post on the subject , because he also spells out why this current economic crisis is going to turn into something even worse than the Great Depression — an all-out “ economic collapse.
” Like me , he says the roots for all of this were laid in before COVID-19 @ @ @ @ @ @ @ recession started last year … when I said it would , though I also said it wouldn ’ t be recognized until this year : If you want more on the possible dollar collapse that may become part of this global catastrophe , it ’ s in my last Patron Post .
But I wanted everyone to have , at least , the gist of what is coming to the world free here on this site through articles like this one that are available to all because of those patrons who generously try @ @ @ @ @ @ @ time .
( It remains mostly a labor of love and earnest concern . )
You can see that post and everything I ’ ve written over the past year about the move to central bank digital currencies , the death of cash , and the Fed ’ s final solutions to its failing recovery as my thank-you to those who go the extra mile and become patrons at the $ 5 level or above via the link below :

by David Haggith
We are nearing that mid-point in July when I said we would start to see the news turn from euphoria-inducing reopening positives to depression-developing realism.
Speaking of stock-market bulls who are stampeding uphill on the euphoria side, I wrote,
Right now the farce is with them — reopening has arrived! And these stupid people will believe that means they were right about the “V,” virtually assuring they continue to bet the market up for a little while…. The reopening means economic statistics will improve rapidly. That will give a lot of stupid people many reasons to believe they were right to think the obliterated economy would experience a V-shaped recovery. What they won’t see because they don’t want to see it is that the steep recovery is not going to take the economy back to where it was…. It may take stocks back to their last highs (and beyond!) but not the economy.
And, so it has tuned out. The Dow and S&P have stalled at about a 60% retracement of their earlier crash, which is right where I said I thought they would. They stopped rising well below their all-time peaks because the COVIDcrisis raised its ugly head (the one caveat I gave for stocks continuing rise to the moon) very quickly after our nationwide economic reopening …
… but massive bets have poured into tech stocks — long seen as the surest bet in a risky marketplace — and have pushed the tech-heavy Nasdaq on a reach well beyond its former peak:
So, we see the stock market proving both claims true — that a rise of COVID-19 would knock the wind out of the euphoric bulls but that, absent a host of new COVID-19 headlines, the bulls would continue to focus on the great reopening news because the worst news would come later.
That is how I read what is happening in this split: money effectively shifted from the more value-driven Dow and S&P where the rise had been going strong into the high-velocity, high-tech NASDAQ to complete the charge up past former highs as I said the bulls would try to do.
The path became narrower; but the tech charge, where most of the testosterone is, continued to drive up the center, pumped by the V-shaped fantasy — pumped so hard that those remaining bulls are paying no attention to the new COVID headlines, while others have fallen to the sides.
“Here’s the full truth,” I said in early June about the euphoria-inducing reopening:
Reopening means, OF COURSE, businesses will start to show rapid improvement, and millions of jobs will certainly come back almost overnight. That’s half the truth. The other half, which investors … won’t see because they don’t want to, is that many businesses will not reopen, and many jobs will not come back…. But guess which half of the truth you get to see first? We’ll be deep into July before we start to see where the rapid recovery stalls out, and then it may take a little longer before investors start to see it because they don’t want to.
Yet, that truth is already flooding in for those who are willing to see it, and I’m going to lay out the broad overview of it here and then give a whole deluge of short facts tomorrow:
Now it really is a retail and restaurant apocalypse
While I said retail — because it was already dying — would show the worst damage, I also noted in other articles that restaurants would suffer similarly broad and quick deaths because they are typically run on thin margins.
So, here is where we are on reopening for those segments of the economy that I said would become the first devastating news to materialize, particularly restaurants, retail and unemployment. The latter I said would hold at deep recession levels. Now that reopening appears to have gone about as far as it is going to go because some states have reversed it, while others are going no further on an indefinite basis, we are already at the point where reopening is climaxing.
First, here’s a real ground-level (Main Street) view of how jaw-dropping the destruction to restaurants turned out to be (worse at this early date than even I thought it would be):
53% of restaurants closed amid coronavirus have shuttered permanently, Yelp data shows. In March, restaurants had the highest numbers of business closures listed on the app compared to other industries, and the rate of closure has remained high. Of the businesses that closed, 17% are restaurants, and 53% of those restaurant closures are indicated as permanent on Yelp…. During the peak of the pandemic, the number of diners seated across Yelp Reservations and Waitlist dropped essentially to zero. In early June, numbers of diners seated are down 57% of pre-pandemic levels. Restaurant Dive
The National Association of Restaurants had estimated 15% of restaurants would close for good. I had noted another publication, Open Table, that estimated 25% would never reopen. I ventured 20% would not reopen but then many others that did reopen would close under the partial-opening restrictions in most states, so that we’d eventually be down about 40%.
It looks like many of the latter kind (the ones that would reopen and then give up) were smart enough no to even give partial-reopening a try because, as I said, most restaurants will run at a loss throughout the period of partial reopening. They cannot make it with their customer base cut in half … or worse.
53% of those listed on Yelp (which is most) that closed are gone for good. That is absolutely catastrophic. That’s the number on Yelp that have so fully given up that they have already reported to their customers they will never reopen!
If you’ve been thinking I have been too bearish about. all of this, wait until you see how bad it may become once many of those that have reopened give up the ghost in exhaustion:
85% of independent restaurants may go out of business by the end of 2020, according to the Independent Restaurant Coalition…. Independent restaurants, which comprise 70% of all restaurants, rely more heavily on dine-in revenue than chains and don’t have a corporate safety net or support system to fall back on. Business Insider
As for the retail apocalypse that I’ve been describing for, at least, three years,
41% of businesses closed on Yelp have shut down for good during the coronavirus pandemic. Retail was hit the worst…. Los Angeles recorded the largest total number of closures with 11,774 business establishments shuttering, but Las Vegas has had the highest number of closures relative to the number of businesses in the city at 1,921…. Shopping and retail stores have suffered 27,663 closures. MarketWatch
We are not even to the middle of July, and already the first wave of permanent damage to wash over us is massive. Almost beyond belief! It’s a total tsunami of “permanent” business destruction, and a lot more waves are coming from all the businesses that are impacted by the businesses that have just shut down for good!
Yet, do you think I could convince bullish investors on other sites that we are going beyond a recession and into a second Great Depression and that the stock market is raving mad? Not even with my best arguments.
However that, too, fits exactly what I predicted, which was that bull-headed stock traders would certainly be the last to figure this out. I was so certain the lunacy and complete denial would keep charging ahead that I said I was going to bet my own retirement money on it in stocks for a short ride up, unless and until the COVIDcrisis came crashing back into the party with new headlines of rising cases and deaths. It almost immediately did, making the ride shorter than I anticipated because that was my self-imposed stop for getting out of the risk.
We are primarily funded by readers. Please subscribe and donate to support us!
I wanted to put my money where my mouth is to prove how much I believed what I was saying, and I would have made money had I stayed in because most of the stock funds I invested our three small 401Ks in were heavy in tech. However, I adhered to my stop when COVID crashed the party with rapidly rising cases.
So, it was a dumb bet in terms of hoping the health crisis would stay down for the first couple weeks of reopening; but it was not at all wrong about how far the market euphoria would keep pushing even past the start of truly depressing news that is now coming in before the mid-July date I gave for the reversal in the economic news flow. Today’s rise in the Nasdaq in the face of today’s terrible economic news, shown below, affirms that.
Epic Great-Depression-level unemployment begins new epoch in US history
I noted in my article referenced above that the biggest upward driver for the stock market’s irrational exuberance would be the certain-to-be-seen rapid turnaround in job losses from the worst losses in history to the best gains in history. That certainly has turned out to be the centerpiece of the narrative the market is riding on; but the deeper truth, I said, would be…
Unemployment will remain high enough to still be considered typical of a recession because marginal businesses did not reopen (including particularly retail stores that were barely holding on)….
And, so, here is how all of that is coming together in this morning’s hot news:
As the number of new coronavirus cases in the United States rose to a single-day record [Wednesday], fresh government data on Thursday showed another 1.3 million Americans filed for jobless benefits, highlighting the pandemic’s devastating impact on the economy. More than 60,000 new COVID-19 infections were reported on Wednesday and U.S. deaths rose by more than 900 for the second straight day, the highest since early June…. The grim U.S. numbers come on top of extraordinarily high jobless figures, although they came in lower than economists had forecast…. Initial unemployment claims hit a historic peak of nearly 6.9 million in late March. Although they have gradually fallen, claims remain roughly double their highest point during the 2007-09 Great Recession. With coronavirus cases rising in 41 of the 50 U.S. states over the past two weeks, according to a Reuters analysis, many states have had to halt and roll back plans to reopen businesses and lift restrictions. Reuters
Reuters lead competitor carried a similar kind of report a few days ago:
US unemployment falls to 11%, but new shutdowns are underway. U.S. unemployment fell to 11.1% in June as the economy added a solid 4.8 million jobs, the government reported Thursday. But the job-market recovery may already be faltering because of a new round of closings and layoffs triggered by a resurgence of the coronavirus…. While the jobless rate was down from 13.3% in May, it is still at a Depression-era level. And the data was gathered during the second week of June, just before a number of states began to reverse or suspend the reopenings. AP
That’s how bad it it … just in the broad sweep! And that was measured before states started to reverse their reopening plans. That unemployment was, in other words, solely due to the effects of the initial shutdown continuing to play through.
An epic conclusion
These numbers are truly as grand on a historic scale as I said the next recession would be when I named what was coming “The Epocalypse” a few years ago. In fact, the data are worse by far than what I thought the starting data for permanent destruction would be back when I started (a couple of months ago) to lay out the timeline for how all of this would go down.
While the pandemic response is clearly a huge factor in the present crisis, the economy is collapsing much harder than it would have with deeper, more permanent destruction than our politicians ever thought their closures could cause because the economy was a house of cards ready to collapse in the first place.
They didn’t see what destruction their actions would wreck upon the economy because they were blind to how fractured our economy was by the deep flaws I’ve been pointing out for years. Our social structures are caving in at the same time, as I also said would be part of The Epocalypse.
Shortly after the COVID-crisis had taken down the stock market in a Great-Depression-era sized crash, I started making it clear that the worst numbers — the permanent damage — wouldn’t even start to become known until mid-July. Now I can say that train of facts has started pulling into the station a week early.
This article presents the broad picture of just how much this recession is following the exact fast track I said it would … including the stupid stock market. Tomorrow, I’m going to lay out a finer-grained picture by presenting numerous headlines as thumbnail prints of the economic collapse that is gaping now open beneath us.
This is not just a recession. It may even become worse than the Great Depression. If these numbers hold for permanent business closures (and there is no reason to think they won’t) and new unemployment claims continue as they are now starting to crystalize even before the middle of July, this will certainly develop into the complete economic and social collapse I call “The Epocalypse.”
Death of the dollar, death of money as we know it.
As I wrote in my latest Patron Post, this collapse may also now include a global dollar collapse, which will change the world and the United States’ relationship to it. In addition to all I wrote in that article on the possibility of a dollar collapse and its effects, which was quite extensive, I am now including here in this article an interview with Shadowstats’ John Williams on that same subject.
Williams has been an economist since the Nixon administration more than forty years ago. He is the one I sometimes go to for quotes on real economic data without all corrupt revisions the government has worked into its formulae since the dollar lost its last hold on gold in the Nixon era and the government had to start compensating for the truth.
Williams validates everything I wrote this week about a possible dollar collapse (and that means the Fed’s destruction along with it), saying the dollar is looking seriously imperiled this year.
As I stated at the start of my Patron Post, I’ve never written about the collapse of the dollar as a possibility in any year until now. I’m not predicting it will collapse this year because I point out in my own article that there are also strong disinflationary forces at work; but this is the first year in which I think it actually could. It is time to be vigilant about it, watching what is happening in foreign currency exchanges and keeping a close eye on what is happening with US inflation (not as falsely reported by the government, but as such stats used to be calculated in the 1970s and still are by John Williams on Shadowstats.com.
I’m putting Williams’ interview in this article, rather than my Patron Post on the subject, because he also spells out why this current economic crisis is going to turn into something even worse than the Great Depression — an all-out “economic collapse.” Like me, he says the roots for all of this were laid in before COVID-19 came along.
Williams also says the recession started last year … when I said it would, though I also said it wouldn’t be recognized until this year:
If you want more on the possible dollar collapse that may become part of this global catastrophe, it’s in my last Patron Post. But I wanted everyone to have, at least, the gist of what is coming to the world free here on this site through articles like this one that are available to all because of those patrons who generously try to make all of this worth my time. (It remains mostly a labor of love and earnest concern.)
You can see that post and everything I’ve written over the past year about the move to central bank digital currencies, the death of cash, and the Fed’s final solutions to its failing recovery as my thank-you to those who go the extra mile and become patrons at the $5 level or above via the link below:


investmentwatchblog--2020-07-12--A trader-hedge fund purchased 13,600 $VIX 8/19 $90 calls for 35 cents. The VIX is currently 27.

Yesterday at 10:15AM
A trader-hedge fund purchased 13,600 $VIX 8/19 $90 calls for 35 cents
The VIX is currently 27
wow — Will Meade (@realwillmeade) July 11, 2020
U.S. companies are more indebted than at any point since at least 1950 t.co/HehIyf1Flc — Win Smart, CFA (@WinfieldSmart) July 5, 2020
Gary Shilling “This pandemic is likely to be the most disruptive financial and social event since World War II with equally long-lasting consequences.”t.co/n9bNbAPnbV — Danielle DiMartino Booth (@DiMartinoBooth) July 11, 2020
DO YOU LIKE CMBS HERE? pic.twitter.com/gVXiB9BrNR — Win Smart, CFA (@WinfieldSmart) July 6, 2020
Everything you're angry about is a symptom not a cause if what you're mad about is anything but the @federalreserve. — Brad Huston (@BradHuston) July 12, 2020
“Yes, testing has roughly tripled in Arizona, but so has the percentage of people testing positive (from about 7.5% to about 25%). … In short, positive rates tripling means testing should have increased by 9-fold at least.” (via @bopinion) t.co/2SyelYYd0L — Carl Quintanilla (@carlquintanilla) July 12, 2020


investmentwatchblog--2020-07-12--ENTERGY OUTAGE: Nearly 15,000 people in New Orleans without power at this time.

ENTERGY OUTAGE : Nearly 15,000 people in New Orleans without power at this time .
Just reached out to @ @ @ @ @ @ up .
@ WWLTV pic.twitter.com/DBhi1V3aaA

ENTERGY OUTAGE: Nearly 15,000 people in New Orleans without power at this time. Just reached out to @EntergyNOLA to see what's up. @WWLTV pic.twitter.com/DBhi1V3aaA
— Devin Bartolotta (@devinbartolotta) July 12, 2020


investmentwatchblog--2020-07-12--Still to come in 2020: COVID overwhelms many hospitals, Economies fail to V-shape, another Stock Mar

Still to come in 2020: COVID overwhelms many hospitals, Economies fail to V-shape, another Stock Market crash, a Global Financial crisis occurs and a massive geopolitical crisis between US and China.

That ’ s a lot to fit in 25 weeks !
All the “ no collapse anytime soon ” types better cross their fingers .
You better have your money out of the stock market , because the 2nd Quarter Reports come out next week .
While the stock brokerages had a record quarter , there are going to be some huge downturns .
Companies like Caterpillar , and Volvo , with heavy equipment , Boeing commercial aircraft , all its suppliers .
It is too late .
The $ 9 Trillion the US Treasury borrowed and gave to the @ @ @ @ @ @ @ stocks , certain stocks , to drive the Dow Points up , bought about 8,000 points .
Next week , it may tank 10,000 points .
Some stocks are going to come out ahead , like Amazon , Tesla , several others but it is hard to see how facebook , Twitter , will hold their stock value , losing huge number of advertisers , with many advertisers going broke themselves .
The only reason the deluge of bankruptcies coming are only slowing showing up , is the Courts are closed , due @ @ @ @ @ @ @ figure out how to open , the flood of bankruptcies will make the crash of 2008 look small .
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 .

by mark000
That’s a lot to fit in 25 weeks! All the “no collapse anytime soon” types better cross their fingers.
The second half of the year from hell is here, and it could be even messier than the first.
As a chaotic, sometimes surreal 2020 continues to unfold, frantic planning is underway to reopen schools, stage professional sports seasons and hold in-person voting for the upcoming presidential election. Meanwhile, coronavirus is surging again in several states, with Florida and California re-shuttering bars and beaches in a desperate bid to contain it.
More than a fifth of the nation’s workforce has asked for unemployment assistance, but the extra $600 weekly benefit ends this month. Whether Congress will extend it remains an open question. ooking ahead to the rest of 2020, economic predictions range from cloudy to downright dire. “This is an extraordinarily difficult period that we’re entering,” former U.S. Labor Secretary Robert Reich told the Daily News. “We’re going to see evictions and foreclosures very likely at a rate we haven’t seen since the Great Depression of the 1930s.” He said delinquency rates on mortgages have more than doubled since March, and evictions are “very, very likely to balloon” as pandemic protections for millions of struggling renters run out this month or shortly thereafter. We are primarily funded by readers. Please subscribe and donate to support us! “And layoffs right now are a different type than March and April. These are more permanent — businesses throwing in the towel or permanently slimming down,” he said. www.nydailynews.com/news/national/ny-second-half-2020-pandemic-unemployment-election-20200706-nk6ji4s5x5buxozcj7ixwt7qea-story.html
You better have your money out of the stock market, because the 2nd Quarter Reports come out next week. While the stock brokerages had a record quarter, there are going to be some huge downturns. Companies like Caterpillar, and Volvo, with heavy equipment, Boeing commercial aircraft, all its suppliers.
It is too late. The $9 Trillion the US Treasury borrowed and gave to the banks and brokerages with instructions to buy stocks, certain stocks, to drive the Dow Points up, bought about 8,000 points. Next week, it may tank 10,000 points.
Some stocks are going to come out ahead, like Amazon, Tesla, several others but it is hard to see how facebook, Twitter, will hold their stock value, losing huge number of advertisers, with many advertisers going broke themselves. The only reason the deluge of bankruptcies coming are only slowing showing up, is the Courts are closed, due to the pandemic. As the Courts figure out how to open, the flood of bankruptcies will make the crash of 2008 look small.
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.


investmentwatchblog--2020-07-12--HISTORIC COLLAPSE Of Canadian Economy! – The CRASH CANNOT Be Stopped!

Josh Sigurdson talks with author and economic analyst John Sneisen about the historic collapse of the Canadian economy .
Ottawa @ @ @ @ @ deficit as spending has hit levels not seen since the 1940s .
As the central @ @ @ @ @ dollars and Finance Minister Bill Morneau pushes for more central planning , people are facing @ @ @ @ @ unemployment under the guise of the state saving people from a complete lie meant to @ @ @ @ @ unleash massive control over the masses .
John explains the colossal debt Canadians face , @ @ @ @ @ , negative interest rates and the history that ’ s unravelling before our eyes .
@ @ @ @ @ sustain itself ?
How long until people rise up ?
How disastrous will the second @ @ @ @

Josh Sigurdson talks with author and economic analyst John Sneisen about the historic collapse of the Canadian economy. Ottawa has posted a $343B deficit as spending has hit levels not seen since the 1940s.
As the central bank prints unlimited amounts of dollars and Finance Minister Bill Morneau pushes for more central planning, people are facing vast levels of poverty and unemployment under the guise of the state saving people from a complete lie meant to prop up the establishment and unleash massive control over the masses.
We are primarily funded by readers. Please subscribe and donate to support us!
John explains the colossal debt Canadians face, the collapse of the dollar, negative interest rates and the history that’s unravelling before our eyes.
How much longer can this sustain itself? How long until people rise up? How disastrous will the second wave lockdown be?


investmentwatchblog--2020-07-12--Las Vegas Goes FULL TYRANNY! – The Second Shutdown BEGINS! – MILLIONS Lose Job!

Josh Sigurdson reports on the most recent attack on the most basic of freedoms in Las Vegas , Nevada as Governor Steve Sisolak returns bars to phase one once again .
This means , effectively , just as waiters , waitresses and bar tenders are starting to make enough in tips again to feed their family ( and themselves ) , the government has decided they can not work anymore .
Bars that do not serve food are now once again shutdown due to faulty numbers .
The numbers are faulty as deaths are way down but cases are way @ @ @ @ @ @ @ done and suddenly they did countless tests at the same time causing the number to appear to go up .
Also , the man who created the test in the first place says that it only looks for exosomes and does not actually determine if you have the coveted “ illness.
” Casino bars are allowed to stay open on the other hand .
These businesses face massive bankruptcies to begin with and are likely to be under by December anyways as they live off of the last of their cash .
On @ @ @ @ @ @ @ also forced a mask mandate on people a couple of weeks ago making it law to walk down the street by yourself in 110 degree heat with a mask on as well as shutting down all events with more than 49 people .
This is the epitome of tyranny based on absolutely NOTHING !
Where is the outrage ?
All we are seeing is compliance and subservience !

Josh Sigurdson reports on the most recent attack on the most basic of freedoms in Las Vegas, Nevada as Governor Steve Sisolak returns bars to phase one once again.
This means, effectively, just as waiters, waitresses and bar tenders are starting to make enough in tips again to feed their family (and themselves), the government has decided they cannot work anymore. Bars that do not serve food are now once again shutdown due to faulty numbers.
The numbers are faulty as deaths are way down but cases are way up because there were no tests being done and suddenly they did countless tests at the same time causing the number to appear to go up. Also, the man who created the test in the first place says that it only looks for exosomes and does not actually determine if you have the coveted “illness.”
Casino bars are allowed to stay open on the other hand.
We are primarily funded by readers. Please subscribe and donate to support us!
These businesses face massive bankruptcies to begin with and are likely to be under by December anyways as they live off of the last of their cash.
On top of this order, the governor also forced a mask mandate on people a couple of weeks ago making it law to walk down the street by yourself in 110 degree heat with a mask on as well as shutting down all events with more than 49 people.
This is the epitome of tyranny based on absolutely NOTHING!
Where is the outrage? All we are seeing is compliance and subservience!


investmentwatchblog--2020-07-12--Global Economic Fallout as Tipping Point Has Set Off Biggest Changes In History!

We have gone to the point of no return .
The stock market has elevated dramatically , thanks to the @ @ @ @ @ is in direct contrast to the economic collapse that is clearly present in numerous indicators @ @ @ @ @ been at this level and what ’ s their solution ?
States Grappling With Hit @ @ @ @ @ on Budget and Policy Priorities Will California Voters Support New Taxes to Avoid Painful Budget @ @ @ @ @ New York lawmakers pitching tax hikes ; Cuomo , policy leader say that ’ s @ @ @ @ @ York | thecentersquare.com Coronavirus : NJ taxes may go up to cover COVID-19 fight expenses

We have gone to the point of no return. The stock market has elevated dramatically, thanks to the central bank intervention. This is in direct contrast to the economic collapse that is clearly present in numerous indicators. These statistics have never been at this level and what’s their solution?
AP: Catholic Church lobbied for taxpayer funds, got $1.4B
apnews.com/dab8261c68c93f24c0bfc1876518b3f6
States Grappling With Hit to Tax Collections | Center on Budget and Policy Priorities
www.cbpp.org/research/state-budget-and-tax/states-grappling-with-hit-to-tax-collections
Mayor Cooper’s proposed budget includes 32% property tax increase
www.newschannel5.com/news/mayor-coopers-proposed-budget-includes-1-property-tax-increase-to-help-city-recover
Will California Voters Support New Taxes to Avoid Painful Budget Cuts? | KQED
www.kqed.org/news/11823522/will-california-voters-support-new-taxes-to-avoid-painful-budget-cuts
Some New York lawmakers pitching tax hikes; Cuomo, policy leader say that’s a bad idea | New York | thecentersquare.com
www.thecentersquare.com/new_york/some-new-york-lawmakers-pitching-tax-hikes-cuomo-policy-leader-say-thats-a-bad-idea/article_519cad7e-9c80-11ea-bfce-e7978dee79df.html
Coronavirus: NJ taxes may go up to cover COVID-19 fight expenses
www.northjersey.com/story/news/new-jersey/2020/05/11/coronavirus-nj-taxes-go-up-cover-covid-19-fight-expenses/5174938002/
Coronavirus Moves NYC Affordable Housing Crisis to Breaking Point – Bloomberg
www.bloomberg.com/news/articles/2020-07-08/coronavirus-moves-nyc-affordable-housing-crisis-to-breaking-point
We are primarily funded by readers. Please subscribe and donate to support us!
Starting at $500,000: A Swiss Mountain Vault for Storing Riches – Bloomberg
www.bloomberg.com/news/articles/2020-07-10/starting-at-500-000-a-swiss-mountain-vault-for-storing-riches
Tyson Turns to Robot Butchers, Spurred by Coronavirus Outbreaks – WSJ
www.wsj.com/articles/meatpackers-covid-safety-automation-robots-coronavirus-11594303535
tech vs banks.jpg (1075×755)
www.zerohedge.com/s3/files/inline-images/tech%20vs%20banks.jpg?itok=DDBZ-M2D
flows cash gold.jpg (1058×427)
www.zerohedge.com/s3/files/inline-images/flows%20cash%20gold.jpg?itok=ONYz2To4
cumulative gold flows.jpg (580×408)
www.zerohedge.com/s3/files/inline-images/cumulative%20gold%20flows.jpg?itok=JmDudtZ1
fiscal bazooka 7.10.jpg (1067×666)
www.zerohedge.com/s3/files/inline-images/fiscal%20bazooka%207.10.jpg?itok=mZzdzcfg
southwest airlines vs stock price.jpg (994×604)
www.zerohedge.com/s3/files/inline-images/southwest%20airlines%20vs%20stock%20price.jpg?itok=he_9A2ID


investmentwatchblog--2020-07-12--Trump wears mask publicly for FIRST time during visit to military hospital

US President Donald made his first public appearance wearing a mask ( dressed up with a presidential seal ) , @ @ @ @ @ military hospital where he met wounded soldiers and healthcare workers .

US President Donald made his first public appearance wearing a mask (dressed up with a presidential seal), during a visit to a military hospital where he met wounded soldiers and healthcare workers.
We are primarily funded by readers. Please subscribe and donate to support us!


investmentwatchblog--2020-07-12--Shorts To Make Tesla The First Stock With $20 Billion Bet Against It

Short interest on Tesla is set to make the EV maker ’ s stock the first stock to hit US $ 20 billion in bets against it , data from financial analytics firm S3 Partners showed , as short sellers seem unfazed by Elon Musk ’ s open mocking in recent days .
Short interest in Tesla has reached US $ 19.95 billion , S3 Partners data , cited by Business Insider , shows .
While Tesla ’ s stock continues to rally , closing at a record $ 1,394 on Thursday , Ihor Dusaniwsky , managing director of S3 @ @ @ @ @ @ @ the same day that Tesla is a candidate for a short squeeze .
Early on Thursday , Dusaniwsky tweeted that Tesla short interest was $ 19.19 billion , with 14.05 million shares shorted , or 9.5 percent of the float .
“ If Tesla ’ s stock price continues to trend upward , we expect even more short covering as mark-to-market losses accumulate , ” Dusaniwsky wrote in the note , adding that “ Traders can expect a squeeze on their shoulder from their controllers to trim or close out their positions as @ @ @ @ @ @ @ After the rally of Tesla ’ s stock in recent weeks , Elon Musk mocked last week Tesla ’ s short sellers , as well as the Securities and Exchange Commission , on Twitter .
In a series of tweets , Musk asked , ‘ Who wears short shorts ?
’ , and said that “ Tesla will make fabulous short shorts in radiant red satin with gold trim , ” and “ Will send some to the Shortseller Enrichment Commission to comfort them through these difficult times.
” Musk also tweeted a @ @ @ @ @ @ @ initials , “ SEC , three letter acronym , middle word is Elon ’ s. ” During the weekend , Musk launched the red-and-gold short shorts line , Tesla Short Shorts , on Tesla ’ s website at $ 69.420 apiece .
The description of the short shorts , which sold out in minutes , reads at the end , “ Enjoy exceptional comfort from the closing bell .
”

By Tsvetana Paraskova
Short interest on Tesla is set to make the EV maker’s stock the first stock to hit US$20 billion in bets against it, data from financial analytics firm S3 Partners showed, as short sellers seem unfazed by Elon Musk’s open mocking in recent days.
Short interest in Tesla has reached US$19.95 billion, S3 Partners data, cited by Business Insider, shows.
While Tesla’s stock continues to rally, closing at a record $1,394 on Thursday, Ihor Dusaniwsky, managing director of S3 Partners, said in a note on the same day that Tesla is a candidate for a short squeeze.
Early on Thursday, Dusaniwsky tweeted that Tesla short interest was $19.19 billion, with 14.05 million shares shorted, or 9.5 percent of the float.
“If Tesla’s stock price continues to trend upward, we expect even more short covering as mark-to-market losses accumulate,” Dusaniwsky wrote in the note, adding that “Traders can expect a squeeze on their shoulder from their controllers to trim or close out their positions as their Tesla losses breach risk limits.”
We are primarily funded by readers. Please subscribe and donate to support us!
After the rally of Tesla’s stock in recent weeks, Elon Musk mocked last week Tesla’s short sellers, as well as the Securities and Exchange Commission, on Twitter.
In a series of tweets, Musk asked, ‘Who wears short shorts?’, and said that “Tesla will make fabulous short shorts in radiant red satin with gold trim,” and “Will send some to the Shortseller Enrichment Commission to comfort them through these difficult times.”
Musk also tweeted a profane play on the regulator’s initials, “SEC, three letter acronym, middle word is Elon’s.”
During the weekend, Musk launched the red-and-gold short shorts line, Tesla Short Shorts, on Tesla’s website at $69.420 apiece. The description of the short shorts, which sold out in minutes, reads at the end, “Enjoy exceptional comfort from the closing bell.”
By Tsvetana Paraskova for Oilprice.com


investmentwatchblog--2020-07-12--2 Catholic Churches Destroyed by Fire – One on purpose the other under investigation by ATF

I did not think the church burnings would start this soon .
I thought it was going to take a @ @ @ @ @ get there .
Clearly , the left hates Christianity and Christians – prepare accordingly .
@ @ @ @ @ church and sets it on fire with parishioners inside www.ocala-news.com/2020/07/11/man-crashes-vehicle-into-ocala-church-and-sets-it-on-fire-with-parishioners-inside/

I did not think the church burnings would start this soon. I thought it was going to take a while for the mob to get there. Clearly, the left hates Christianity and Christians – prepare accordingly.
Man crashes vehicle into Ocala church and sets it on fire with parishioners inside
www.ocala-news.com/2020/07/11/man-crashes-vehicle-into-ocala-church-and-sets-it-on-fire-with-parishioners-inside/
We are primarily funded by readers. Please subscribe and donate to support us!
Mission San Gabriel consumed in fire
www.usatoday.com/story/news/nation/2020/07/11/san-gabriel-mission-fire-destroys-much-249-year-old-church/5422677002/
h/t AggregateThreat


investmentwatchblog--2020-07-12--Richard Grenell: Biden Was “Manipulating Intelligence” To Undermine 2016 Trump Campaign

Interfering with national elections and hampering the newly elected POTUS from the opposition party is the ultimate in Banana Republic-style abuse of power and has no place in 1st world , civilized nations .
Obozo and Biden should face a firing squad .
( washingtonexaminer.com ) – Former Vice President Joe Biden was “ manipulating intelligence ” during the final days of the Obama administration , according to President Trump ’ s ex-spy chief .
Richard Grenell , who declassified documents related to the Russia investigation during his monthslong tenure as acting director of national intelligence , told Newsmax TV @ @ @ @ @ @ @ ” between the 2016 election and Inauguration Day .
He claimed Biden , who is now the presumptive Democratic presidential nominee , played a leading role in an effort to undermine President-elect Trump .
“ We now know that the vice president of the United States , Joe Biden at the time , was in January … looking for information , manipulating intelligence , ” Grenell said on Thursday .
Grenell served as Trump ’ s acting spy chief from Feb. 20 to May 26 , overseeing the 17-member U.S. Intelligence Community .
@ @ @ @ @ @ @ Germany and remains as the special presidential envoy for Serbia and Kosovo peace negotiations .
During his time overseeing the U.S. Intelligence Community , Grenell declassified a list earlier that showed Obama administration officials , including Biden , who received information in response to “ unmasking ” requests targeting retired Lt. Gen. Michael Flynn during the presidential transition period before he became Trump ’ s national security adviser…

Interfering with national elections and hampering the newly elected POTUS from the opposition party is the ultimate in Banana Republic-style abuse of power and has no place in 1st world, civilized nations. Obozo and Biden should face a firing squad.
_____
Richard Grenell: Biden was ‘manipulating intelligence’
by Daniel Chaitin, Breaking News Editor | July 10, 2020
(washingtonexaminer.com) – Former Vice President Joe Biden was “manipulating intelligence” during the final days of the Obama administration, according to President Trump’s ex-spy chief.
Richard Grenell, who declassified documents related to the Russia investigation during his monthslong tenure as acting director of national intelligence, told Newsmax TV that the Obama administration “weaponized intelligence” between the 2016 election and Inauguration Day.
He claimed Biden, who is now the presumptive Democratic presidential nominee, played a leading role in an effort to undermine President-elect Trump.
We are primarily funded by readers. Please subscribe and donate to support us!
“We now know that the vice president of the United States, Joe Biden at the time, was in January … looking for information, manipulating intelligence,” Grenell said on Thursday.
Grenell served as Trump’s acting spy chief from Feb. 20 to May 26, overseeing the 17-member U.S. Intelligence Community. He also was the U.S. ambassador to Germany and remains as the special presidential envoy for Serbia and Kosovo peace negotiations.
During his time overseeing the U.S. Intelligence Community, Grenell declassified a list earlier that showed Obama administration officials, including Biden, who received information in response to “unmasking” requests targeting retired Lt. Gen. Michael Flynn during the presidential transition period before he became Trump’s national security adviser…
www.washingtonexaminer.com/news/richard-grenell-biden-was-manipulating-intelligence
h/t Fist


investmentwatchblog--2020-07-12--VIDEO: Celebrity YouTuber Thunderf00t, Who Mocked Alex Jones for Being Deplatformed, Has Meltdown Af

VIDEO: Celebrity YouTuber Thunderf00t, Who Mocked Alex Jones for Being Deplatformed, Has Meltdown After YouTube Repeatedly Takes Down His Videos

Alex jones banned !
A horrendous attack on free speech !
!
!
FIRST… they came for those who made @ @ @ @ @ a pedophile….. sorry… wait wut ?

SERIOUSLY YOUTUBE….. SERIOUSLY?!!!
thunderf00t
@thunderf00t
Alex jones banned! A horrendous attack on free speech!!!
FIRST… they came for those who made baseless accusations
that someone was a pedophile…..
sorry… wait wut?
We are primarily funded by readers. Please subscribe and donate to support us!
Alex jones banned! A horrendous attack on free speech!!!
FIRST… they came for those who made baseless accusations that someone was a pedophile…..
sorry… wait wut? — thunderf00t (@thunderf00t) August 7, 2018
Thunderf00t: Alex Jones Ban, was it justified?
—–>NSFW<—–
Ghosty – Big Tech Book Burning (Original Song) #VoxAdpocalypse (NSFW)
h/t dr0id


investmentwatchblog--2020-07-12--Donald J. Trump: “New documents just released reveal General Flynn was telling the truth, and the FB

Donald J. Trump: “New documents just released reveal General Flynn was telling the truth, and the FBI knew it! @OANN”

New documents just released reveal General Flynn was telling the truth , and the FBI knew it !
@ OANN @ @ @ @ @ FBI knew Lieutenant General Michael Flynn was telling the truth about his relationship with Russia @ @ @ @ @ were released from a meeting with FBI and Justice Department officials .

Donald J. Trump
@realDonaldTrump
New documents just released reveal General Flynn was telling
the truth, and the FBI knew it!
@OANN
New documents just released reveal General Flynn was telling the truth, and the FBI knew it! @OANN — Donald J. Trump (@realDonaldTrump) July 11, 2020
Newly Released Notes Show FBI Knew Gen. Flynn Was Telling The Truth
We are primarily funded by readers. Please subscribe and donate to support us!
New documents have revealed the FBI knew Lieutenant General
Michael Flynn was telling the truth about his relationship
with Russia. On Friday, notes were released from a meeting
with FBI and Justice Department officials.
www.oann.com/newly-released-notes-show-fbi-knew-gen-flynn-was-telling-the-truth/
h/t dr0id


investmentwatchblog--2020-07-12--The Key How to Create a Bloodless Revolution

I have previously explained that I was advising some people in Ukraine on how to turn their revolution into a success .
I had explained that the turning point requires convincing the army/police to turn against the government because they inevitably get drunk with their own power and PRESUME that they are the true creator of civilization when historically they are always its destroyer .
It was Thomas Paine who wrote Common Sense which finally turned the tide of opinion against Britain to support the American Revolution .
To this day , Edward Snowden remains in Russia because the government @ @ @ @ @ @ @ for doing anything against the people/society , but for informing the people/society that the government was acting illegally .
This illustrates precisely the same evil of which Paine wrote about .
In the case of Ukraine , Yanukovich was bringing in Russians from Eastern Ukraine to oppress the people in Kyiv .
I stressed that they needed to divide and conquer turning the police against the Eastern Ukrainians .
Once that took place , this is how a BLOODLESS Revolution unfolds .
We are witnessing the potential birth of a BLOODLESS Revolution in @ @ @ @ @ @ @ paratroopers have refused to take action against their own people on the orders of the government .
This is our MAJOR HOPE .
We need at some point to turn the police & army against the tyrants who seek to oppress the people and destroy our future and that of our children in the name of Marxism .
When that day arrives , victory is at hand .
There are just four major historical examples .
• When Julius Caesar crossed the Rubicon , the people cheered and they opened their gates welcoming @ @ @ @ @ @ @ oligarchy headed by Cato and championed by Cicero .
It was Cicero ’ s writings which were the FAKE NEWS of the day and unfortunately , even Shakespear believes Cicero ’ s propaganda .
Caesar forgave his enemies and when he entered Rome , the Oligarchy had fled because the people turned against them .
• The 1991 Russian Revolution when Yeltsin stood on the tanks and asked the troops not to fire on their own people .
That succeeded and Communism collapsed .
• Venezuela the troops turned against their own people @ @ @ @ @ @ @ support the Marxist government and hence no revolution has been possible .
• The Nika Revolt where the local troops would not defend the Emperor and support the people .
The Emperor calling in foreign troops to massacre the people who were Greeks and despised as elitists by the foreign troops .

by Martin Armstrong
I have previously explained that I was advising some people in Ukraine on how to turn their revolution into a success. I had explained that the turning point requires convincing the army/police to turn against the government because they inevitably get drunk with their own power and PRESUME that they are the true creator of civilization when historically they are always its destroyer.
It was Thomas Paine who wrote Common Sense which finally turned the tide of opinion against Britain to support the American Revolution. To this day, Edward Snowden remains in Russia because the government claims that he is a traitor NOT for doing anything against the people/society, but for informing the people/society that the government was acting illegally. This illustrates precisely the same evil of which Paine wrote about.
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In the case of Ukraine, Yanukovich was bringing in Russians from Eastern Ukraine to oppress the people in Kyiv. I stressed that they needed to divide and conquer turning the police against the Eastern Ukrainians. Once that took place, this is how a BLOODLESS Revolution unfolds.
We are witnessing the potential birth of a BLOODLESS Revolution in Serbia (former Yogoslavia) as Serbian paratroopers have refused to take action against their own people on the orders of the government. This is our MAJOR HOPE. We need at some point to turn the police & army against the tyrants who seek to oppress the people and destroy our future and that of our children in the name of Marxism. When that day arrives, victory is at hand.
There are just four major historical examples.
When Julius Caesar crossed the Rubicon, the people cheered and they opened their gates welcoming Caesar against the oppressive corruption of the oligarchy headed by Cato and championed by Cicero. It was Cicero’s writings which were the FAKE NEWS of the day and unfortunately, even Shakespear believes Cicero’s propaganda. Caesar forgave his enemies and when he entered Rome, the Oligarchy had fled because the people turned against them. The 1991 Russian Revolution when Yeltsin stood on the tanks and asked the troops not to fire on their own people. That succeeded and Communism collapsed. Venezuela the troops turned against their own people and killed them in cold blood to support the Marxist government and hence no revolution has been possible. The Nika Revolt where the local troops would not defend the Emperor and support the people. The Emperor calling in foreign troops to massacre the people who were Greeks and despised as elitists by the foreign troops.


investmentwatchblog--2020-07-12--Europe Exploding into Civil Unrest – The Start of Revolutionary Cycle – 2020

Politicians are about to be confronted with the harsh reality of their insane lockdowns in Europe .
Germany now realizes @ @ @ @ @ unrest and there is no doubt that this New Green World Order is out to @ @ @ @ @ is a major industry the will leave the workers without a future .
The government @ @ @ @ @ unrest and out computer has been warning Europe is being pushed into civil war as @ @ @ @ @ Meanwhile , yesterday night demonstrators in Belgrade attacked the Serbian Parliament throwing stones and bottles @ @ @ @ @ parliament building .
We are looking at serious civil unrest which can lead to revolution @ @ @ @ @ EU as they push for this New Green World Order which will destroy the future @ @ @ @ @ .
Only elitists view that such a transition is no problem .
They underestimate the @ @ @ @ @ the END of perpetually borrowing with no intension of ever repaying any debt .

by Martin Armstrong
Politicians are about to be confronted with the harsh reality of their insane lockdowns in Europe. Germany now realizes there is building massive civil unrest and there is no doubt that this New Green World Order is out to end the car industry which is a major industry the will leave the workers without a future. The government is preparing for major civil unrest and out computer has been warning Europe is being pushed into civil war as tourism has been crushed.
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Meanwhile, yesterday night demonstrators in Belgrade attacked the Serbian Parliament throwing stones and bottles at the windows of the parliament building. We are looking at serious civil unrest which can lead to revolution insofar as breaking up the EU as they push for this New Green World Order which will destroy the future of so many in Europe. Only elitists view that such a transition is no problem. They underestimate the economic damage and this is the END of perpetually borrowing with no intension of ever repaying any debt.


investmentwatchblog--2020-07-12--Why Savings Are So Critical to Improving the Standard of Living

Among the essential concepts Mises analyzes and dwells upon in Human Action ( 1949 ) , there is the notion of capital .
Mises conceives of capital as a factor of production intrinsically different from land and labor .
In fact , capital is not nature given—its total amount increases or decreases depending upon human choices and intertemporal preferences—and its accumulation is the only way conducive to technological progress , higher productivity of labor , and better living standards .
Lastly , capital is conceived in Human Action as strictly related to the time element—i.e.
, working time stored and @ @ @ @ @ @ @ attain a greater or more sophisticated output .
Human action entails production in order to remove uneasiness and improve acting humans ’ well-being .
In order to produce , acting agents can—and need to—employ factors of production : land , labor , and capital .
Among them , however , only land and labor are naturally given ( i.e.
, original ) factors of production ; capital , instead , needs to be created by human beings themselves—it can not come into existence otherwise—and can be considered as a produced factor of production @ @ @ @ @ @ @ Capital is a label encompassing any means of production different from natural resources ( i.e.
, land ) and labor ; hence , it includes both machines ( fixed capital ) and intermediate products ( circulating capital ) .
More generally , capital is accumulated production , not yet consumed , allowing the transfer of land , labor , and working time into the future—thus easing the productive process in the future .
Transferring labor , land and working time into the future—i.e.
, the process of capital accumulation and establishment—is tantamount to @ @ @ @ @ @ @ in the future .
As a matter of fact , it means that a task which , without accumulated capital , would require a relatively longer time to be carried out ( or would be completely unfeasible ) , thanks to accumulated capital becomes doable in a shorter lapse .
As Mises explains , Hence , capital is intrinsically different from land and labor—it stems from agents ’ decisions about saving and consumption .
In other words , capital originates when agents decide to forego consumption—i.e.
, satisfaction of immediate wants—in favor of @ @ @ @ @ @ @ , they act according to their readiness to wait a longer time for the enjoyment of consumption .
The very act of saving is what allows capital to come into existence .
In Mises ’ s own words , Concretely what does this mean ?
How is capital brought into existence by saving ?
An example might clarify some perplexities .
Consider a hypothetical tribe of men deciding to settle on a certain territory : being former wandering hunter-gatherers , the only factors of production available to them are their own labor and @ @ @ @ @ @ @ , land ) .
( Let ’ s assume , for the sake of argument , that these hunter-gatherers have not manufactured any hunting tools yet , carrying out their hunts only by means of rocks , sticks , etc.
, i.e.
, nature-given and nonmanufactured resources and commodities—ascribable to land ) .
In other words , these hunter-gatherers have consuming their whole daily production their whole lives , without saving any fraction of it—and hence without improving their daily productivity or becoming able to attain qualitatively more sophisticated prey ( i.e.
, @ @ @ @ @ @ @ s assume that one day one member of the tribe figures out how to manufacture spears by assembling sticks , animal tendons , and sharpened rocks .
Spears would be a sort of capital tool , making it possible for tribesmen both to kill more animals per day ( thus increasing the tribe ’ s daily productivity ) and to hunt bigger animals , whose size would otherwise make them inaccessible ( thus putting the tribe in the position to attain a qualitatively superior output that would be otherwise unattainable ) .
But @ @ @ @ @ @ @ are not bestowed upon tribesmen by nature like natural resources ( i.e.
, land ) and labor are .
In order to manufacture spears , our tribesmen will need—besides the knowledge about how to manufacture a spear—first , the necessary time to blend labor with natural sources ; second , saving that sustains them while they are busy manufacturing spears and unable to devote their time to the usual hunting .
As Mises writes , Once this process is completed and the spears are manufactured , the tribesmen find out that they are @ @ @ @ @ @ @ time-consuming goals—such as more units of game per day and/or a kind of game otherwise unattainable , say , because of its size—than they were before .
In Mises ’ s own words , Thanks to accumulated capital , the tribe can now collect the same prey within a shorter timespan—i.e.
, it is now more productive .
Tasks which would have previously required more working hours and/or the cooperation of other tribesmen are now more manageable .
As Mises explains , Thus , thanks to the capital brought into existence , our @ @ @ @ @ @ @ their daily labor is now more productive ; second , they can now attain a quality of output which was previously unattainable given the land and labor at their disposal .
Here is the gist of the Misesian ontology of capital : capital stems from saved production—that is , previous time-consuming assemblages of land and labor which have not been consumed yet—and is a means for storing production time and transferring it into the future .
The transfer of time of production into the future is a lengthening of the productive structure—i.e.
, @ @ @ @ @ @ @ could not have been produced otherwise and/or an increase in the amount of items produced per unit of labor .
In other words , capital is the giant whose shoulders the current producers are standing on .

by Fabrizio Ferrari via Mises
Among the essential concepts Mises analyzes and dwells upon in Human Action (1949), there is the notion of capital. Mises conceives of capital as a factor of production intrinsically different from land and labor. In fact, capital is not nature given—its total amount increases or decreases depending upon human choices and intertemporal preferences—and its accumulation is the only way conducive to technological progress, higher productivity of labor, and better living standards. Lastly, capital is conceived in Human Action as strictly related to the time element—i.e., working time stored and transferred into the future in order to attain a greater or more sophisticated output.
Means and Length of Production
Human action entails production in order to remove uneasiness and improve acting humans’ well-being. In order to produce, acting agents can—and need to—employ factors of production: land, labor, and capital. Among them, however, only land and labor are naturally given (i.e., original) factors of production; capital, instead, needs to be created by human beings themselves—it cannot come into existence otherwise—and can be considered as a produced factor of production. As Mises writes, classical economists
erred in classifying “capital” as an independent factor of production along with the nature-given material resources and labor. The capital goods—the factors of further production produced in the past—are not an independent factor….They are rather labor, nature, and time stored up. (Mises [1949] 1998, p. 490)
Capital is a label encompassing any means of production different from natural resources (i.e., land) and labor; hence, it includes both machines (fixed capital) and intermediate products (circulating capital). More generally, capital is accumulated production, not yet consumed, allowing the transfer of land, labor, and working time into the future—thus easing the productive process in the future.
Transferring labor, land and working time into the future—i.e., the process of capital accumulation and establishment—is tantamount to a lengthening of the productive structure occurring in the future. As a matter of fact, it means that a task which, without accumulated capital, would require a relatively longer time to be carried out (or would be completely unfeasible), thanks to accumulated capital becomes doable in a shorter lapse. As Mises explains,
The difference between production without the aid of capital goods and that assisted by the employment of capital goods consists in time….In buying a machine [i.e., capital] he [the producer] buys the original factors of production…plus time, i.e., the time by which his period of production is shortened. (Mises [1949] 1998, p. 490)
Hence, capital is intrinsically different from land and labor—it stems from agents’ decisions about saving and consumption. In other words, capital originates when agents decide to forego consumption—i.e., satisfaction of immediate wants—in favor of saving. When agents choose to save, they act according to their readiness to wait a longer time for the enjoyment of consumption.
Saving and Productivity
The very act of saving is what allows capital to come into existence. In Mises’s own words,
The sine qua non of any lengthening [i.e., capital accumulation] of the processes of production adopted is saving, i.e., an excess of current production over current consumption. (Mises [1949] 1998, p. 487)
Concretely what does this mean? How is capital brought into existence by saving? An example might clarify some perplexities.
Consider a hypothetical tribe of men deciding to settle on a certain territory: being former wandering hunter-gatherers, the only factors of production available to them are their own labor and the natural resources surrounding them (i.e., land).
(Let’s assume, for the sake of argument, that these hunter-gatherers have not manufactured any hunting tools yet, carrying out their hunts only by means of rocks, sticks, etc., i.e., nature-given and nonmanufactured resources and commodities—ascribable to land).
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In other words, these hunter-gatherers have consuming their whole daily production their whole lives, without saving any fraction of it—and hence without improving their daily productivity or becoming able to attain qualitatively more sophisticated prey (i.e., output).
However, let’s assume that one day one member of the tribe figures out how to manufacture spears by assembling sticks, animal tendons, and sharpened rocks. Spears would be a sort of capital tool, making it possible for tribesmen both to kill more animals per day (thus increasing the tribe’s daily productivity) and to hunt bigger animals, whose size would otherwise make them inaccessible (thus putting the tribe in the position to attain a qualitatively superior output that would be otherwise unattainable).
But spears do not come free. They are not bestowed upon tribesmen by nature like natural resources (i.e., land) and labor are. In order to manufacture spears, our tribesmen will need—besides the knowledge about how to manufacture a spear—first, the necessary time to blend labor with natural sources; second, saving that sustains them while they are busy manufacturing spears and unable to devote their time to the usual hunting. As Mises writes,
People eager to embark upon processes with a longer period of production must first accumulate, by means of saving, that quantity of consumers’ goods which is needed to satisfy, during the waiting time, all those wants the satisfaction of which they consider more urgent than the increment in well-being expected from the more time-consuming process. (Mises [1949] 1998, p. 488, bold added)
Once this process is completed and the spears are manufactured, the tribesmen find out that they are now closer to the attainment of more time-consuming goals—such as more units of game per day and/or a kind of game otherwise unattainable, say, because of its size—than they were before. In Mises’s own words,
Capital goods are intermediary stations on the way leading from the very beginning of production to its final goal, the turning out of consumers’ goods. He who produces with the aid of capital goods enjoys one great advantage over the man who starts without capital goods; he is nearer in time to the ultimate goal of his endeavors. (Mises [1949] 1998, p. 490, bold added)
Thanks to accumulated capital, the tribe can now collect the same prey within a shorter timespan—i.e., it is now more productive. Tasks which would have previously required more working hours and/or the cooperation of other tribesmen are now more manageable. As Mises explains,
A lengthening of the period of production [i.e., capital accumulation] can increase the quantity of output per unit of input or produce goods which cannot be produced at all within a shorter period of production. (Mises [1949] 1998, p. 526, bold added)
Thus, thanks to the capital brought into existence, our tribesmen realize two things. First, their daily labor is now more productive; second, they can now attain a quality of output which was previously unattainable given the land and labor at their disposal.
Conclusion
Here is the gist of the Misesian ontology of capital: capital stems from saved production—that is, previous time-consuming assemblages of land and labor which have not been consumed yet—and is a means for storing production time and transferring it into the future. The transfer of time of production into the future is a lengthening of the productive structure—i.e., it allows the production of items that could not have been produced otherwise and/or an increase in the amount of items produced per unit of labor. In other words, capital is the giant whose shoulders the current producers are standing on.
Author:
Fabrizio Ferrari
Fabrizio Ferrari is a graduate student in economics.


investmentwatchblog--2020-07-12--Schiff: Confiscatory taxation is coming

Schiff: Confiscatory taxation is coming

• Gold passes $ 1800 and reaches all time highs in every currency in the world except the US dollar @ @ @ @ @ US from trade .
China propping up US dollar so US may not be able @ @ @ @ @ .
Peter Schiff is an internationally recognized economist specializing in the foreign equity , currency @ @ @ @ @ Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital .
@ @ @ @ @ major economic and investment conferences , and is quoted often in the print media , @ @ @ @ @ , and .
His broadcast credits include regular guest appearances on CNBC , Fox Business @ @ @ @ @ and Fox News Channel , as well as hosting his own weekly radio show , @ @ @ @ @ ’ s also the author of the bestselling books : Crash Proof 2.0 , The @ @ @ @ @ in Bear Markets : , and The Real Crash : America ’ s Coming Bankruptcy @ @ @ @ @ and Your Country .

YouTube/PeterSchiff, Released on 7/10/20
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Gold passes $1800 and reaches all time highs in every currency in the world except the US dollar.
China may cut US from trade. China propping up US dollar so US may not be able to buy from anyone soon.
600 financial firms took forgivable PPP loans.
Entrepreneurs created the middle class.
Biden wants equal outcomes, not equal treatment.
Estate Tax is unconstitutional.
Big tax hikes coming.
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal , New York Times , Barron’s , BusinessWeek , Time and Fortune . His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He’s also the author of the bestselling books: Crash Proof 2.0, The Little Book of Bull Moves in Bear Markets:, and The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country.