investmentwatchblog--2020-06-23--CLOWN WORLD: Rhode Island Changing It’s Name Because … Racism

Rhode Island may change its official state name over slavery connotations Rhode Island Governor Gina Raimondo signed an executive order on Monday taking the ‘ first steps ’ to change the state ’ s full name : ‘ The State of Rhode Island and Providence Plantations.
’ The ‘ plantations ’ portion has come under increased scrutiny following widespread protests after the killings of George Floyd and Breonna Taylor .
The order , Executive Order 20-48 , will change the name to just ‘ Rhode Island ’ in official communications from the governor ’ s office – including future executive @ @ @ @ @ @ @ .
It also calls on all state executive agencies to remove ‘ plantations ’ from their websites .
RISE TOGETHER -FIRST STEPS TO A MORE EOUIT ABLE AND RESILIENT RHODE ISLAND WHEREAS , for many years , there has been a public discussion about removing the word “ plantations ” from Rhode Island ’ s official name ; WHEREAS , many of the State ’ s residents find it painful that a word so closely associated with slavery should appear in the official name of the State ; WHEREAS , the pain that @ @ @ @ @ @ @ residents should be of concern to all Rhode Islanders and we should do everything in our power to ensure that all communities can take pride in our State ; WHEREAS , changing the State ’ s official name would require the voters to amend the Rhode Island Constitution ; and WHEREAS , I urge the voters to approve the name change in November but will take all measures now that are within my control to eliminate the name from my official communications and those of my executive agencies .
NOW , THEREFORE , @ @ @ @ @ @ @ of the authority vested in me as Governor of the State of Rhode Island , do hereby order and direct the following : 1 .
Effective immediately , the Office of the Governor will no longer use the word “ Plantations ” in executive orders or citations or on its website .
As soon as practicable , the Office of the Governor will order and commence using stationery that reads “ State of Rhode Island ” only .
2 .
Effective immediately , all executive agencies under the Governor ’ s control will @ @ @ @ @ @ @ their websites .
As soon as practicable , all such agencies will eliminate the word from their stationery , electronic letterhead and all other official correspondence , including paystubs .
3 .
The Governor ’ s Office and the state agencies under the Governor ’ s control shall determine whether there is an available alternative to the use of the state seal in official documents and replace or omit such seal where possible .

Rhode Island may change its official state name over slavery connotations
Rhode Island Governor Gina Raimondo signed an executive order on Monday taking the ‘first steps’ to change the state’s full name: ‘The State of Rhode Island and Providence Plantations.’
The ‘plantations’ portion has come under increased scrutiny following widespread protests after the killings of George Floyd and Breonna Taylor.
The order, Executive Order 20-48, will change the name to just ‘Rhode Island’ in official communications from the governor’s office – including future executive orders, citations, and stationary letterheads. It also calls on all state executive agencies to remove ‘plantations’ from their websites.
nypost.com/2020/06/23/rhode-island-may-change-its-name-over-slavery-connotations/
governor.ri.gov/documents/orders/Executive-Order-20-48.pdf
EXECUTIVE ORDER 20-48
June 22, 2020
RISE TOGETHER -FIRST STEPS TO A MORE EOUIT ABLE AND RESILIENT RHODE ISLAND
WHEREAS, for many years, there has been a public discussion about removing the word “plantations” from Rhode Island’s official name;
We are primarily funded by readers. Please subscribe and donate to support us!
WHEREAS, many of the State’s residents find it painful that a word so closely associated with slavery should appear in the official name of the State;
WHEREAS, the pain that this association causes to some of our residents should be of concern to all Rhode Islanders and we should do everything in our power to ensure that all communities can take pride in our State;
WHEREAS, changing the State’s official name would require the voters to amend the Rhode Island Constitution; and WHEREAS, I urge the voters to approve the name change in November but will take all measures now that are within my control to eliminate the name from my official communications and those of my executive agencies.
NOW, THEREFORE, I GINA M. RAIMONDO, by virtue of the authority vested in me as Governor of the State of Rhode Island, do hereby order and direct the following:
1. Effective immediately, the Office of the Governor will no longer use the word “Plantations” in executive orders or citations or on its website. As soon as practicable, the Office of the Governor will order and commence using stationery that reads “State of Rhode Island” only.
2. Effective immediately, all executive agencies under the Governor’s control will remove the word “Plantations” from their websites. As soon as practicable, all such agencies will eliminate the word from their stationery, electronic letterhead and all other official correspondence, including paystubs.
3. The Governor’s Office and the state agencies under the Governor’s control shall determine whether there is an available alternative to the use of the state seal in official documents and replace or omit such seal where possible.
nypost.com/2020/06/23/rhode-island-may-change-its-name-over-slavery-connotations/
h/t CrsCrpr


investmentwatchblog--2020-06-23--MAYBE THAT’S WHY DEMOCRATS LOVE IT:

MAYBE THAT’S WHY DEMOCRATS LOVE IT:

As for residential real estate , despite open housing laws and the dispersion of many blacks into non-black-majority neighborhoods , most American blacks still live in majority-black neighborhoods with higher rates of violent crime than other neighborhoods .
Violent crime depresses housing values .
How much ?
Not just marginally .
The gap that Mead cites , $ 117,000 median wealth for whites and just $ 11,700 for blacks , is not dissimilar to the gap in housing values for similar structures between many black neighborhoods in Detroit ( to take one example ) and one of its modest-income largely @ @ @ @ @ @ @ Roseville in Macomb County ( $ 119,331 ) to , just a couple of miles away , Detroit ZIP code 48234 ( $ 27,541 ) .
“ Violence and crime are a confiscatory tax on what people would otherwise earn and accumulate over a lifetime , ” I wrote in a Washington Examiner column earlier this month .
It is a fact , tragic and regrettable , that blacks are much more likely than non-blacks to commit violent crimes , and violent crime rates in heavily black neighborhoods tend to be much higher @ @ @ @ @ @ @ a very costly problem because homebuyers are simply not willing to spend as much money ( and to invest as much in what may be their greatest opportunity for wealth accumulation ) on houses in neighborhoods with violent crime rates 10 times or 15 times higher than the alternatives .
To be sure , the sharp reduction in violent crime rates since 1990 has increased the housing values in heavily black neighborhoods , thus increasing wealth accumulation by black Americans over that period .
Further reductions in violent crime rates could go some @ @ @ @ @ @ @ wealth and perhaps narrow the wealth gap that Mead describes .
Increasing violent crime rates , one possible result of the Black Lives Matter protests , violent rioting , and consequent police reticence , could have the opposite effect , as it did after the violent rioting of half a century ago .

Michael Barone: Violent crime is a confiscatory wealth tax.
As for residential real estate, despite open housing laws and the dispersion of many blacks into non-black-majority neighborhoods, most American blacks still live in majority-black neighborhoods with higher rates of violent crime than other neighborhoods. Violent crime depresses housing values.
How much? Not just marginally. The gap that Mead cites, $117,000 median wealth for whites and just $11,700 for blacks, is not dissimilar to the gap in housing values for similar structures between many black neighborhoods in Detroit (to take one example) and one of its modest-income largely white suburbs. Compare Zillow values for Roseville in Macomb County ($119,331) to, just a couple of miles away, Detroit ZIP code 48234 ($27,541).
“Violence and crime are a confiscatory tax on what people would otherwise earn and accumulate over a lifetime,” I wrote in a Washington Examiner column earlier this month. It is a fact, tragic and regrettable, that blacks are much more likely than non-blacks to commit violent crimes, and violent crime rates in heavily black neighborhoods tend to be much higher than average. It’s also a very costly problem because homebuyers are simply not willing to spend as much money (and to invest as much in what may be their greatest opportunity for wealth accumulation) on houses in neighborhoods with violent crime rates 10 times or 15 times higher than the alternatives.
To be sure, the sharp reduction in violent crime rates since 1990 has increased the housing values in heavily black neighborhoods, thus increasing wealth accumulation by black Americans over that period. Further reductions in violent crime rates could go some distance toward enabling black Americans to accumulate wealth and perhaps narrow the wealth gap that Mead describes.
Increasing violent crime rates, one possible result of the Black Lives Matter protests, violent rioting, and consequent police reticence, could have the opposite effect, as it did after the violent rioting of half a century ago.


investmentwatchblog--2020-06-23--HILLARY CLINTON INTRODUCES GEORGE SOROS

HILLARY CLINTON INTRODUCES GEORGE SOROS

This little video clip from 2004 is trending on Facebook .
That short clip is included in this longer video ( at 11:06 mark ) which establishes the context .
Transcript of the first several minutes to get you going .
GEORGE SOROS : What am I going to do with this money ?
I really went through an extended period of reflection .
And I came to a conclusion that what I really care about is a rather abstract idea , which is the idea of an open society .
George Soros In His Own Words open society n. @ @ @ @ @ @ @ is in possession of the ultimate truth GEORGE SOROS : I then decided to set up this foundation , Open Society Fund , with the objective of opening up closed societies , helping to make open societies more viable and fostering their critical mode of thinking .
There are basically two major sources of poverty and misery in the world today .
One…is bad location .
The other is bad government .
And THAT is something you can , you COULD really DO something .
Now I think the one thing you can @ @ @ @ @ @ @ reinforcements to countries that are moving in the right direction .
You know , giving money away , in a funny way , is much more difficult than making it , because when you make money you have a bottom line and it tells you , are you are successful or not .
When you try to , let ’ s say , improve society , you affect different people and different interests differently , and they are not actually commensurate .
So you very often have all kinds of unintended adverse consequences @ @ @ @ @ @ @ And it was , it ’ s a learning process .
The first part was this subversive activity , disrupting repressive regimes .
That was a lot of fun .
And that ’ s actually what got me hooked on this whole enterprise .
Then after the system , the communist system , started to collapse , one had to build an open society .
And that was much more laborious and hard slugging .
Education was clearly something where there were relatively few adverse consequences .
So giving scholarships to outstanding talents @ @ @ @ @ @ @ For instance , we introduced HeadStart in other countries where we had foundations , spent over 100 million dollars doing it , and it was really questionable whether we would have a systemic effect .
So , I think we have done quite well .
But it was touch and go .
Health , another issue .
Helping civil society .
So , it was a gradual learning process , with foundations in each country , run by people in the country who were in charge of determining how the money should be @ @ @ @ @ @ @ their countries better than somebody coming from the outside .
And then seeing what works in one country , trying it in the other countries .
It was like , a kind of , what developed a matrix , in fact .
So we had national foundations and then we had certain specialized activities .
shape government policy and support education , media , public health , human and women ’ s rights , as well as social , legal , and economic reform .
GEORGE SOROS : I got here through a @ @ @ @ @ @ @ out in South Africa , which at that time had an apartheid regime , which had all the institutions of an open society , but it was only for the Whites .
So to try to open it up seemed like a very worthwhile objective .
I wasn ’ t very successful .
And then I turned to my native Hungary , Poland , the countries of Eastern Europe that were under Communist rule , and there the foundation was really successful in providing an alternative .
And the idea there was that @ @ @ @ @ @ @ is false because it ’ s imposed by force .
And if you provide an alternative then people can see the falsehood and the regime will crumble .
And in fact it did .
As the system collapsed , I moved in to help build an open society .
Because the collapse of a closed society it doesn ’ t lead automatically to an open society , because open society is more complex .
It ’ s a higher level or organization .
So you need a helping hand , a step up @ @ @ @ @ @ @ helping you to make that step up .
And unfortunately , the West didn ’ t quite realize this .
And so I did and I moved in there and concentrated on those countries ; set up foundations locally and they made their contribution .
But then I became concerned with the problems of globalization where you have global markets , but you have politics based on the sovereignty of states .
So how do you deal with that issue ?
And then I came to the realization that open society is endangered @ @ @ @ @ @ @ .
And that is when I refocused my attention on the United States… The short clip was taken from 2004 ’ s Take Back America Conference , which is archived at C-Span .
Campaign for America ’ s Future hosted a “ Take Back America ” conference at the Marriott Wardman Park hotel .
This portion of the program featured speeches by politicians , activists , and others .
The speakers generally agreed on the importance of creating a new Progressive movement in America , and criticized the actions and policies of conservatives @ @ @ @ @

This little video clip from 2004 is trending on Facebook.
_____
That short clip is included in this longer video (at 11:06 mark) which establishes the context.
_____
Transcript of the first several minutes to get you going.
__________
Starting at 0:22
GEORGE SOROS: What am I going to do with this money? I really went through an extended period of reflection. And I came to a conclusion that what I really care about is a rather abstract idea, which is the idea of an open society.
_____
George Soros In His Own Words
open society
n.
Democracy based on the recognition that nobody is in possession of the ultimate truth
_____
0:47
GEORGE SOROS: I then decided to set up this foundation, Open Society Fund, with the objective of opening up closed societies, helping to make open societies more viable and fostering their critical mode of thinking.
There are basically two major sources of poverty and misery in the world today. One…is bad location. The other is bad government. And THAT is something you can, you COULD really DO something. Now I think the one thing you can do is offer incentives, encouragements, reinforcements to countries that are moving in the right direction.
You know, giving money away, in a funny way, is much more difficult than making it, because when you make money you have a bottom line and it tells you, are you are successful or not. When you try to, let’s say, improve society, you affect different people and different interests differently, and they are not actually commensurate. So you very often have all kinds of unintended adverse consequences. So I had to experiment. And it was, it’s a learning process.
The first part was this subversive activity, disrupting repressive regimes. That was a lot of fun. And that’s actually what got me hooked on this whole enterprise.
We are primarily funded by readers. Please subscribe and donate to support us!
Then after the system, the communist system, started to collapse, one had to build an open society. And that was much more laborious and hard slugging. Education was clearly something where there were relatively few adverse consequences. So giving scholarships to outstanding talents. That was good and important. For instance, we introduced HeadStart in other countries where we had foundations, spent over 100 million dollars doing it, and it was really questionable whether we would have a systemic effect. So, I think we have done quite well. But it was touch and go. Health, another issue. Helping civil society.
So, it was a gradual learning process, with foundations in each country, run by people in the country who were in charge of determining how the money should be used because they know the conditions in their countries better than somebody coming from the outside. And then seeing what works in one country, trying it in the other countries. It was like, a kind of, what developed a matrix, in fact. So we had national foundations and then we had certain specialized activities.
____
The Open Society Institute (OSI) aims to
shape government policy and support education, media, public health, human and women’s rights, as well as social, legal, and economic reform.
_____
4:29
GEORGE SOROS: I got here through a rather circuitous route because I first started out in South Africa, which at that time had an apartheid regime, which had all the institutions of an open society, but it was only for the Whites. So to try to open it up seemed like a very worthwhile objective. I wasn’t very successful.
And then I turned to my native Hungary, Poland, the countries of Eastern Europe that were under Communist rule, and there the foundation was really successful in providing an alternative. And the idea there was that the dogma, the state party line is false because it’s imposed by force. And if you provide an alternative then people can see the falsehood and the regime will crumble. And in fact it did. As the system collapsed, I moved in to help build an open society. Because the collapse of a closed society it doesn’t lead automatically to an open society, because open society is more complex. It’s a higher level or organization. So you need a helping hand, a step up. You need somebody from the outside helping you to make that step up. And unfortunately, the West didn’t quite realize this. And so I did and I moved in there and concentrated on those countries; set up foundations locally and they made their contribution.
But then I became concerned with the problems of globalization where you have global markets, but you have politics based on the sovereignty of states. So how do you deal with that issue? And then I came to the realization that open society is endangered by our current leadership in this country. And that is when I refocused my attention on the United States…
The short clip was taken from 2004’s Take Back America Conference, which is archived at C-Span.
_____
Take Back America Conference
C-Span | JUNE 3, 2004
Campaign for America’s Future hosted a “Take Back America” conference at the Marriott Wardman Park hotel. This portion of the program featured speeches by politicians, activists, and others. The speakers generally agreed on the importance of creating a new Progressive movement in America, and criticized the actions and policies of conservatives and the Bush administration.
[ VIDEO AT LINK (2:08:36)
www.c-span.org/video/?182121-1/back-america-conference
h/t Fist


Cancelling America

The presstitutes ’ story is that George Floyd died from asphyxiation— “ I can ’ t breathe ” —from a police officer ’ s knee on his neck .
This story is not supported by the autopsy and toxicology reports .
The autopsy report says Floyd died of a heart attack and that no life-threatening injuries were inflicted by police restraint .
The medical examiner found no physical evidence to “ support a diagnosis of traumatic asphyxia or strangulation.
” The toxicology report says that the concentration of Fentanyl in Floyd ’ s blood was more than three times the @ @ @ @ @ @ @ opioid .
Reports that the coroner ruled Floyd ’ s death a homicide are incorrect .
The word “ homicide ” does not appear in the report .
www.scribd.com/document/464269559/George-Floyd-Autopsy-FULL-REPORT # from_embed ?
campaign=VigLink & ad_group=xxc1xx & source=hp_affiliate & medium=affiliate As for Floyd ’ s neck , the autopsy report states there are “ no areas of contusion or hemorrhage .
.
.
The cervical spinal column is palpably stable and free of hemorrhage.
” Excited Delirium Syndrome ( EXD ) typically results from fatal drug overdose .
The condition results in breathing problems @ @ @ @ @ @ @ symptoms that Floyd showed .
John-Paul Leonard provides an analysis here : www.unz.com/article/or-did-george-floyd-die-of-a-drug-overdose/ Did you hear about this in the news ?
No , of course not .
And neither did billionaire Chick-Fil-A owner Dan Cathy .
Cathy assumed responsibility for white racism by humbling himself on his knee and polishing the shoes of a black rapper .
www.rt.com/usa/492337-cathy-shines-shoes-black-rapper/ Whether this was a well-scripted public relations move to save Chick-Fil-A fast food restaurants from being burned down or a genuine act of self-deprecation by an uninformed Christian is beside the point .
What @ @ @ @ @ @ @ have done by assuming white responsibility for the rioting and looting is to hand blacks carte blanche .
Violence and theft are now justified responses to alleged white racism .
Corporations are racing to atone for white racism by removing black images from food packaging .
Suddenly long established famous brand names such as Aunt Jemima ’ s pancake mix , Uncle Ben ’ s rice , the black chef on the Cream of Wheat package , and Eskimo Pie , have become signs of “ systemic racism.
” It seems to me @ @ @ @ @ @ @ of black people from packaging .
Does this mean we can only have images of white people on packaging ?
Wouldn ’ t that be racist ?
How can we reconcile the woke idea that images of blacks are racist with the long-time push to have more black models and more black actors on TV ?
Would it be racist to have an image of an Asian on a package ?
How did Eskimo , an indigenous people inhabiting cold regions and a language , become racist ?
It seems so mindlessly silly @ @ @ @ @ @ @ students in 1971 demanding that the name of the football team , the Stanford Indians , be changed ( currently the Stanford Cardinals ) .
Stanford ’ s honoring the memory of Indians was given an unintended meaning of racism or mockery , whereas in fact the university wanted its team associated with the fighting prowess of native Americans .
Blacks were associated with good home cooking .
Their images on food products was an effort to associate goodness with the food products .
I am certain that Aunt Jemima and Uncle Ben @ @ @ @ @ @ @ but by removing pictures of blacks corporate PR hacks have accepted the assertion that black images are racist .
The external costs of these corporate PR hacks are high .
By accepting the charge that its packaging is racist , corporate public relations is enabling the rewriting of American history as a story of white racism .
Everything American is racist , even packaging .
Public authorities and celebrities everywhere are taking a knee and apologizing for George Floyd ’ s death as if they are responsible for him overdosing on narcotics .
@ @ @ @ @ @ @ are the reason all blacks aren ’ t multi-millionaires .
Guilt by association is also rampant .
The stepmother of the Atlanta policeman , who shot the intoxicated black man who grabbed a taser from the police and aimed it at police , was fired from her job as human resources director at Equity Prime Mortgage as proof that EPM supports “ communities of color.
” www.rt.com/usa/492374-mortgage-fired-shooting-cop-guilt/ The country music group , Lady Antebellum , has announced a name change to Lady A .
The definition of antebellum is “ existing before a @ @ @ @ @ @ @ thinks the word has racist connotations like the movie , Gone With The Wind .
All of this can only end by making the United States a country without a history .
America is being cancelled .
According to the New York Times , the US is a country based on white racism .
Therefore , American history is entirely racist and more disturbing than Aunt Jemima or a statue of Robert E. Lee .
Indeed , Western culture , being offensive , is itself being cancelled .
How can our cancellation be @ @ @ @ @ @ @ are an exceptional and indispensable people entitled to hegemony over the world ?
White liberals have taught black and white Americans that slavery is what whites do to blacks .
This is a lie .
Slavery has nothing to do with race .
Black slavery originated in Africa in the slave wars of the black king of Dahomey .
Robert Davis , professor of history at Ohio State University , concludes from his research that from 1500 to 1650 more white Christian slaves were taken to Barbary than black African slaves to the @ @ @ @ @ @ @ kept under wraps .
Consequently , neither black nor white Americans have a clue that whites were enslaved by people of color .
This allows blacks to claim to be the only victims of slavery , just as Jews claim special privileges as the only people to experience holocaust while they inflict holocaust on Palestinians .
The evidence is clear .
George Floyd was not killed by racist police .
But try getting that fact acknowledged .
The agenda is to cancel America , and facts are not permitted to get in the @ @

by Paul Craig Roberts via PaulCraigRoberts.org
SUPPORT PaulCraigRoberts.org
Cancelling America
Paul Craig Roberts
The presstitutes’ story is that George Floyd died from asphyxiation—“I can’t breathe”—from a police officer’s knee on his neck. This story is not supported by the autopsy and toxicology reports.
The autopsy report says Floyd died of a heart attack and that no life-threatening injuries were inflicted by police restraint. The medical examiner found no physical evidence to “support a diagnosis of traumatic asphyxia or strangulation.” The toxicology report says that the concentration of Fentanyl in Floyd’s blood was more than three times the fatal dose. Fentanyl is a dangerous opioid. Reports that the coroner ruled Floyd’s death a homicide are incorrect. The word “homicide” does not appear in the report. www.scribd.com/document/464269559/George-Floyd-Autopsy-FULL-REPORT#from_embed?campaign=VigLink&ad_group=xxc1xx&source=hp_affiliate&medium=affiliate
As for Floyd’s neck, the autopsy report states there are “no areas of contusion or hemorrhage . . . The cervical spinal column is palpably stable and free of hemorrhage.”
Excited Delirium Syndrome (EXD) typically results from fatal drug overdose. The condition results in breathing problems and cardiopulmonary arrest. These were the symptoms that Floyd showed.
John-Paul Leonard provides an analysis here: www.unz.com/article/or-did-george-floyd-die-of-a-drug-overdose/
Did you hear about this in the news? No, of course not. And neither did billionaire Chick-Fil-A owner Dan Cathy. Cathy assumed responsibility for white racism by humbling himself on his knee and polishing the shoes of a black rapper. www.rt.com/usa/492337-cathy-shines-shoes-black-rapper/
Whether this was a well-scripted public relations move to save Chick-Fil-A fast food restaurants from being burned down or a genuine act of self-deprecation by an uninformed Christian is beside the point. What Cathy, celebrities, and public authorities have done by assuming white responsibility for the rioting and looting is to hand blacks carte blanche. Violence and theft are now justified responses to alleged white racism.
We are primarily funded by readers. Please subscribe and donate to support us!
Corporations are racing to atone for white racism by removing black images from food packaging. Suddenly long established famous brand names such as Aunt Jemima’s pancake mix, Uncle Ben’s rice, the black chef on the Cream of Wheat package, and Eskimo Pie, have become signs of “systemic racism.”
It seems to me that the real racism is removing pictures of black people from packaging. Does this mean we can only have images of white people on packaging? Wouldn’t that be racist? How can we reconcile the woke idea that images of blacks are racist with the long-time push to have more black models and more black actors on TV? Would it be racist to have an image of an Asian on a package? How did Eskimo, an indigenous people inhabiting cold regions and a language, become racist?
It seems so mindlessly silly. It reminds me of Stanford University students in 1971 demanding that the name of the football team, the Stanford Indians, be changed (currently the Stanford Cardinals). Stanford’s honoring the memory of Indians was given an unintended meaning of racism or mockery, whereas in fact the university wanted its team associated with the fighting prowess of native Americans.
Blacks were associated with good home cooking. Their images on food products was an effort to associate goodness with the food products. I am certain that Aunt Jemima and Uncle Ben were never intended as racist images, but by removing pictures of blacks corporate PR hacks have accepted the assertion that black images are racist. The external costs of these corporate PR hacks are high. By accepting the charge that its packaging is racist, corporate public relations is enabling the rewriting of American history as a story of white racism. Everything American is racist, even packaging.
Public authorities and celebrities everywhere are taking a knee and apologizing for George Floyd’s death as if they are responsible for him overdosing on narcotics. These apologies reinforce the idea that whites are the reason all blacks aren’t multi-millionaires. Guilt by association is also rampant. The stepmother of the Atlanta policeman, who shot the intoxicated black man who grabbed a taser from the police and aimed it at police, was fired from her job as human resources director at Equity Prime Mortgage as proof that EPM supports “communities of color.” www.rt.com/usa/492374-mortgage-fired-shooting-cop-guilt/
The country music group, Lady Antebellum, has announced a name change to Lady A. The definition of antebellum is “existing before a war,” but the music group thinks the word has racist connotations like the movie, Gone With The Wind.
All of this can only end by making the United States a country without a history. America is being cancelled. According to the New York Times, the US is a country based on white racism. Therefore, American history is entirely racist and more disturbing than Aunt Jemima or a statue of Robert E. Lee.
Indeed, Western culture, being offensive, is itself being cancelled. How can our cancellation be reconciled with the neoconservative claim that Americans are an exceptional and indispensable people entitled to hegemony over the world?
White liberals have taught black and white Americans that slavery is what whites do to blacks. This is a lie. Slavery has nothing to do with race. Black slavery originated in Africa in the slave wars of the black king of Dahomey. Robert Davis, professor of history at Ohio State University, concludes from his research that from 1500 to 1650 more white Christian slaves were taken to Barbary than black African slaves to the Americas. news.osu.edu/when-europeans-were-slaves–research-suggests-white-slavery-was-much-more-common-than-previously-believed/
This fact-based information is kept under wraps. Consequently, neither black nor white Americans have a clue that whites were enslaved by people of color. This allows blacks to claim to be the only victims of slavery, just as Jews claim special privileges as the only people to experience holocaust while they inflict holocaust on Palestinians.
The evidence is clear. George Floyd was not killed by racist police. But try getting that fact acknowledged. The agenda is to cancel America, and facts are not permitted to get in the way.


investmentwatchblog--2020-06-23--Absolutely no one saw this coming.

Absolutely no one saw this coming.

They changed the headline of the second article .
There doesn ’ t appear to be an archive of it @ @ @ @ @ : found an archive of old article and headline : archive.is/JpUyT

by bgny
6/22/20 8:32 AM: ‘No Evidence’ Black Lives Matter Protests Caused COVID-19 Spike: Study
6/22/20 7:04 AM: Oklahoma Reports Highest Ever Daily COVID-19 Cases
We are primarily funded by readers. Please subscribe and donate to support us!
They changed the headline of the second article. There doesn’t appear to be an archive of it, only screenshots.
Edit: found an archive of old article and headline: archive.is/JpUyT


investmentwatchblog--2020-06-23--RECALL PETITIONS IN 6 STATES: California, Idaho, Oregon, Michigan, Minnesota and Nevada are currentl

RECALL PETITIONS IN 6 STATES: California, Idaho, Oregon, Michigan, Minnesota and Nevada are currently pursuing a recall of their tyrant governor

These are real recall petitions going through the proper channels to recall the governors in these states .
Don ’ t confuse these with online petitions you may have signed which will not lead to an actual recall .
Please sign the petitions ( if you live in the relevant state ) , volunteer , donate , and most of all , * SPREAD THE WORD * .
States with approved recall petitions and CURRENTLY COLLECTING SIGNATURES : OREGON : Oregon Recall Web Page – Oregon Facebook Page – Approved as of June 3rd .
Note : There may be @ @ @ @ @ @ @ .
States with approved recall petitions but not yet collecting signatures : MICHIGAN : Michigan Recall Web Page – Michigan Facebook Page – Signature collection begins July 1st , then there is a 60 day window to collect signatures .
MINNESOTA : Minnesota Recall Web Page – Minnesota Facebook Page – Signature collection will begin once the group completes a process in the state supreme court , currently underway .
States with recall petitions not yet approved : NEVADA : Nevada Recall Web Page – Nevada Facebook Page – This group previously attempted @ @ @ @ @ @ @ necessary signatures due to the lockdowns .
They are currently working to get a new recall petition approved .
Currently looking for signature collectors sign up here .

by uvontheterrible
These are real recall petitions going through the proper channels to recall the governors in these states.
Don’t confuse these with online petitions you may have signed which will not lead to an actual recall.
Please sign the petitions (if you live in the relevant state), volunteer, donate, and most of all, * SPREAD THE WORD *.
.
States with approved recall petitions and CURRENTLY COLLECTING SIGNATURES:
CALIFORNIA: California Recall Web Page – California Facebook Page – 160 days to collect signatures, starting June 10th.
IDAHO: Idaho Recall Web Page – Idaho Facebook Page
OREGON: Oregon Recall Web Page – Oregon Facebook Page – Approved as of June 3rd. Note: There may be multiple, active recall petitions in Oregon.
We are primarily funded by readers. Please subscribe and donate to support us!
.
States with approved recall petitions but not yet collecting signatures:
MICHIGAN: Michigan Recall Web Page – Michigan Facebook Page – Signature collection begins July 1st, then there is a 60 day window to collect signatures.
MINNESOTA: Minnesota Recall Web Page – Minnesota Facebook Page – Signature collection will begin once the group completes a process in the state supreme court, currently underway.
.
States with recall petitions not yet approved:
NEVADA: Nevada Recall Web Page – Nevada Facebook Page – This group previously attempted a recall but could not collect the
necessary signatures due to the lockdowns. They are currently working to get a new recall petition approved. Currently looking for signature collectors sign up here.


investmentwatchblog--2020-06-23--Tech Company Tied to China Cashes in on Small Business Relief.

“ Ideanomics , a U.S.-based tech company founded by Chinese billionaire Bruno Wu , was valued at more than $ @ @ @ @ @ on its collaboration with Chinese provincial governments and state-owned enterprises dating back to its 2017 @ @ @ @ @ which specializes in financial technology and electric cars , collected $ 400,000 in forgivable loans @ @ @ @ @ Program ( PPP ) designed to aid small businesses hurt by the coronavirus , according @ @ @ @ @ filings.
” Presumably , Joe Biden is fine with these kinds of mistakes .

via freebeacon
“Ideanomics, a U.S.-based tech company founded by Chinese billionaire Bruno Wu, was valued at more than $50 million based in part on its collaboration with Chinese provincial governments and state-owned enterprises dating back to its 2017 founding. The company, which specializes in financial technology and electric cars, collected $400,000 in forgivable loans from the taxpayer-funded Paycheck Protection Program (PPP) designed to aid small businesses hurt by the coronavirus, according to Securities and Exchange Commission filings.”
We are primarily funded by readers. Please subscribe and donate to support us!
Presumably, Joe Biden is fine with these kinds of mistakes.
h/t SG


investmentwatchblog--2020-06-23--If this isn’t a sign of the times, I don’t know what is.

If this is n't a sign of the times , I do n't know what is .
@ jackycwong points @ @ @ @ @ Kweichow Moutai is now worth more than ICBC , the world 's biggest bank .
@

If this isn't a sign of the times, I don't know what is.@jackycwong points out that Chinese liquor maker Kweichow Moutai is now worth more than ICBC, the world's biggest bank. t.co/pu4eXU4LQN
— Nathaniel Taplin (@nate_taplin) June 23, 2020


investmentwatchblog--2020-06-23--U.S. coronavirus cases are increasing, but deaths aren’t — yet  ….because younger people, for now, a

U.S. coronavirus cases are increasing, but deaths aren’t — yet  ….because younger people, for now, are accounting for a larger share of new infections.

….because younger people , for now , are accounting for a larger share of new infections .
t.co/TWV1jvMREi @ axios @ @ @ @ @ healthcare # PublicSafety # hospital # health # pandemic t.co/BfTA86wVSo pic.twitter.com/T2CL9xXUkV '' We just have @ @ @ @ @ states do n't infect us now , '' @ NYGovCuomo on possible quarantine on visitors @ @ @ @ @ .

"We just have to make sure that other states don't infect us now," @NYGovCuomo on possible quarantine on visitors from other parts of nation.
— Jesse McKinley (@jessemckinley) June 23, 2020


investmentwatchblog--2020-06-23--NEW YORK: Homeless Man Set On Fire — Horrible Act Filmed And Posted On Twitter

Homeless man literally set on fire last night on the streets in Brooklyn .
– No Police – No Privilege – No Help – No MSM – No Statement of Mayor / Governor – No Protests – No Story !
!
!
He is in the hospital in stable condition .
I guess that black life didn ’ t matter to the “ protesters ” .
Video : Homeless Man Literally Set On Fire Last Night On The Streets In Brooklyn By A Black Male – Hardly Any Media Coverage There has been a dramatic spike in illegal fireworks .
@ @ @ @ @ @ @ times higher than last year .
On Monday night , in a span of just about an hour Chopper 2 spotted fireworks being set off from multiple locations in the five boroughs .
Police were called to the scene in NYC ’ s Harlem around 4 am on Monday .
The report came from near 62 Lenox Ave ( Malcolm X Boulevard ) and West 113th Street , the 28th Precinct said in a statement .
EMS responded to the scene and the 66-year-old victim was taken to St. Luke ’ s Hospital @

EMKA
@EM_KA_17
This is horrible!
Homeless man literally set on fire last night on the streets in Brooklyn.
– No Police
– No Privilege
– No Help
– No MSM
– No Statement of Mayor / Governor
– No Protests
– No Story !!!
Thankfully the man survived.
He is in the hospital in stable condition.
This is horrible! Homeless man literally set on fire last night on the streets in Brooklyn. – No Police
– No Privilege
– No Help
– No MSM
– No Statement of Mayor / Governor
– No Protests
– No Story !!! Thankfully the man survived. He is in the hospital in stable condition. pic.twitter.com/aacOszorRt — 🇺🇸 𝔼𝕄 🇩🇪 𝕂𝔸 🇺🇸™ (@EM_KA_17) June 23, 2020
I guess that black life didn’t matter to the “protesters”.
Video: Homeless Man Literally Set On Fire Last Night On The Streets In Brooklyn By A Black Male – Hardly Any Media Coverage
We are primarily funded by readers. Please subscribe and donate to support us!
There has been a dramatic spike in illegal fireworks. The number of 911 calls is 10 times higher than last year.
On Monday night, in a span of just about an hour Chopper 2 spotted fireworks being set off from multiple locations in the five boroughs.
Police were called to the scene in NYC’s Harlem around 4 am on Monday.
The report came from near 62 Lenox Ave (Malcolm X Boulevard) and West 113th Street, the 28th Precinct said in a statement.
EMS responded to the scene and the 66-year-old victim was taken to St. Luke’s Hospital.
redstatenation.com/video-homeless-man-literally-set-on-fire-last-night-on-the-streets-in-brooklyn-by-a-black-male-hardly-any-media-coverage/
h/t CrsCrpr


investmentwatchblog--2020-06-23--Murdoch on cusp of biggest win yet in war against tech giant

Media mogul Rupert Murdoch is on the cusp of his biggest win yet in his war against Google : a Justice Department antitrust lawsuit against the internet giant .
Media companies have long griped about the Alphabet unit ’ s dominance of the digital advertising market , but few are as outspoken – or as influential – as Murdoch ’ s News Corp .
The company , which publishes the Wall Street Journal and the Times of London , among other papers , has complained to regulators around the world that Google is abusing its power in the $ 330 @ @ @ @ @ @ @ that should be going to media companies .
The campaign has had its share of victories .
The European Union has levied billions of dollars in fines against Google and Australia has moved to force the company to pay for news .
But action in the US , Google ’ s biggest market , has been elusive since enforcers closed an antitrust investigation seven years ago .
That ’ s about to change : The justice department , led by attorney general William Barr , is preparing to file an antitrust lawsuit against @ @ @ @ @ @ @ familiar with the matter .
News Corp representatives have met privately with the justice department about the investigation .
Last week , a trade group for news organisations that is chaired by a senior News Corp executive published a research paper outlining how Google has leveraged its dominance to take publishers ’ content and drive traffic without compensating them under copyright laws .
The trade group , the News Media Alliance , sent the report to the justice department .

Media mogul Rupert Murdoch is on the cusp of his biggest win yet in his war against Google: a Justice Department antitrust lawsuit against the internet giant.
Media companies have long griped about the Alphabet unit’s dominance of the digital advertising market, but few are as outspoken – or as influential – as Murdoch’s News Corp.
The company, which publishes the Wall Street Journal and the Times of London, among other papers, has complained to regulators around the world that Google is abusing its power in the $330 billion digital ad market and siphoning revenue that should be going to media companies.
The campaign has had its share of victories. The European Union has levied billions of dollars in fines against Google and Australia has moved to force the company to pay for news. But action in the US, Google’s biggest market, has been elusive since enforcers closed an antitrust investigation seven years ago.
That’s about to change: The justice department, led by attorney general William Barr, is preparing to file an antitrust lawsuit against the company, according to a person familiar with the matter. News Corp representatives have met privately with the justice department about the investigation.
Last week, a trade group for news organisations that is chaired by a senior News Corp executive published a research paper outlining how Google has leveraged its dominance to take publishers’ content and drive traffic without compensating them under copyright laws. The trade group, the News Media Alliance, sent the report to the justice department.
www.irishtimes.com/business/media-and-marketing/rupert-murdoch-is-on-the-cusp-of-his-biggest-win-yet-in-his-war-against-google-1.4286229


investmentwatchblog--2020-06-23--YES, IT’S TIME TO DEFUND NPR:

YES, IT’S TIME TO DEFUND NPR:

Public media has long been defended .
Frequently it ’ s pointed out that public funding for NPR is only about two percent of their federal operating budget , the same excuse we hear when Planned Parenthood pushes back against calls to defund it .
Just as frequently , right-leaning outlets seek to point out a clear bias in publicly-funded coverage .
But NPR ’ s ‘ reporting ’ of Black Lives Matter protests has veered so far from bias and into demagoguery that calls to defund it should be taken more seriously .
When I say ‘ defund ’ @ @ @ @ @ @ @ the tortured nuanced way that Democrats and the media use it about the police to mean ‘ reform ’ .
No reform for NPR .
Defund it .
Completely .
This weekend NPR published a story on their website by journalist Hannah Allam .
The tweet to the story , declared that ‘ right-wing extremists are turning cars into weapons , with reports of at least 50 vehicle-ramming incidents since protests erupted nationwide in late May.
’ The image accompanying the tweet was a photo of a vehicle surrounded by protesters , suggesting @ @ @ @ @ @ @ as they stood in the street .
That is not what happened .

via spectator.us:
Public media has long been defended. Frequently it’s pointed out that public funding for NPR is only about two percent of their federal operating budget, the same excuse we hear when Planned Parenthood pushes back against calls to defund it. Just as frequently, right-leaning outlets seek to point out a clear bias in publicly-funded coverage. But NPR’s ‘reporting’ of Black Lives Matter protests has veered so far from bias and into demagoguery that calls to defund it should be taken more seriously. When I say ‘defund’, I don’t mean in the tortured nuanced way that Democrats and the media use it about the police to mean ‘reform’. No reform for NPR. Defund it. Completely.
This weekend NPR published a story on their website by journalist Hannah Allam. The tweet to the story, declared that ‘right-wing extremists are turning cars into weapons, with reports of at least 50 vehicle-ramming incidents since protests erupted nationwide in late May.’ The image accompanying the tweet was a photo of a vehicle surrounded by protesters, suggesting that the driver was plowing through them as they stood in the street. That is not what happened.


investmentwatchblog--2020-06-23--Andy Ngo: Newspapers of record are writing antifa out of the riots & declaring those who bring atten

Andy Ngo: Newspapers of record are writing antifa out of the riots & declaring those who bring attention to them as alt-right.

Newspapers of record are writing antifa out of the riots & declaring those who bring attention to them as alt-right .
pic.twitter.com/1kWJEdOAo1 I can ’ t tell if @ washingtonpost ’ s @ mmkelly22 & @ ElyseSamuels are really terrible—or great at their jobs .
It looks intentional at this point .
FACT-CHECKING THE “ FACT CHECKERS : ” Andy Ngo Demolishes WaPo ’ s Anti-Trump ‘ Fact-Check ’ Claiming No Antifa-Led Violence in the Riots .
After the protests over the police killing of George Floyd devolved into looting , vandalism , and arson across America that destroyed black @ @ @ @ @ @ @ monuments , President Donald Trump condemned antifa instigators , insisting they played a key role in the riots .
Yet on Monday , The Washington Post fact-checker claimed that Trump ’ s statements about antifa were lies .
The Post Millennial ’ s Andy Ngo definitively shot down that ludicrous claim in one tweet .
The fact-checker gave Trump “ Four Pinocchios ” for his antifa claims , arguing that “ there has not yet been a single confirmed case in which someone who self-identifies as antifa led violent acts at any of @ @ @ @ @ @ @ Ngo tweeted a prosecutorial record involving Amelia Joan Shamrowicz , who allegedly committed arson , criminal mischief ( destroying or damaging $ 1,000 or more in property ) , and rioting .
When police interviewed Shamrowicz ’ s roommates , they “ reported that SHAMROWICZ stated they started the fire using a Molotov cocktail , and she is part of Antifa .
SHAMROWICZ was reported to be extremely excited about being labeled a terrorist and was very animated about her hopes that police officers would be killed and injured by the riots .
@ @ @ @ @ @ @ going out on another mission and the goal would be to set another fire.
” Multnomah County , Ore. , Deputy District Attorney Brad Kalbaugh filed the report on June 1 , 2020 , shortly after the first round of nationwide rioting following George Floyd ’ s death .

by RedditIsCommunist
Newspapers of record are writing antifa out of the riots & declaring those who bring attention to them as alt-right. pic.twitter.com/1kWJEdOAo1
I can’t tell if @washingtonpost ’s @mmkelly22 & @ElyseSamuels are really terrible—or great at their jobs. It looks intentional at this point.
FACT-CHECKING THE “FACT CHECKERS:” Andy Ngo Demolishes WaPo’s Anti-Trump ‘Fact-Check’ Claiming No Antifa-Led Violence in the Riots.
After the protests over the police killing of George Floyd devolved into looting, vandalism, and arson across America that destroyed black lives, black livelihoods, and black monuments, President Donald Trump condemned antifa instigators, insisting they played a key role in the riots. Yet on Monday, The Washington Post fact-checker claimed that Trump’s statements about antifa were lies. The Post Millennial’s Andy Ngo definitively shot down that ludicrous claim in one tweet.
The fact-checker gave Trump “Four Pinocchios” for his antifa claims, arguing that “there has not yet been a single confirmed case in which someone who self-identifies as antifa led violent acts at any of the protests across the country.”
Yet Ngo tweeted a prosecutorial record involving Amelia Joan Shamrowicz, who allegedly committed arson, criminal mischief (destroying or damaging $1,000 or more in property), and rioting. When police interviewed Shamrowicz’s roommates, they “reported that SHAMROWICZ stated they started the fire using a Molotov cocktail, and she is part of Antifa. SHAMROWICZ was reported to be extremely excited about being labeled a terrorist and was very animated about her hopes that police officers would be killed and injured by the riots. She also stated that she would be going out on another mission and the goal would be to set another fire.”
Multnomah County, Ore., Deputy District Attorney Brad Kalbaugh filed the report on June 1, 2020, shortly after the first round of nationwide rioting following George Floyd’s death.


investmentwatchblog--2020-06-23--Bubba Wallace ‘noose’ incident already shaping up to be a hoax!

Throughout the late evening and overnight hours we have been able to assemble definitive proof the NASCAR story of a noose hanging in the garage of drive Bubba Wallace is a hoax .
[ Background Here ] When the race team of Bubba Wallace arrived at Talladega Speedway in Alabama , he was assigned to garage stall # 4 .
After reviewing prior video of that specific garage bay , at that specific speedway ; and after reviewing a picture released yesterday showing the FBI investigators on the scene ; it is clear the “ rope noose ” in question @ @ @ @ @ @ @ door pull-down with a hand loop tied into it .
As you can see , the portion of the rope that shows the hand loop ( aka “ noose ) in 2019 was cut off in 2020 .
The rope did not break , it was cut .
The question then becomes was this a mistaken interpretation or an intentional effort to create the appearance of targeted hate ?
The answer to that question becomes clear when you look at the same rope on the adjacent stall , # 5 .
A full @ @ @ @ @ @ @ pull-down rope on the stall next to Bubba Wallace also contained a hand loop tied into it .
However , it is clear from the kinks in the rope the hand loop was untied .
Likely by the same person who cut-off the “ noose ” on stall # 4 being used by Bubba Wallace ’ s crew .
It appears the hand loop ( “ noose ” ) in garage stall # 5 was untied in order to facilitate the perpetuation of the claim for the hand loop ( “ noose ” @ @ @ @ @ @ @ # 4 .
A review of the exact garage bay/stall in November 2019 , six months prior to the arrival of Mr. Bubba Wallace ’ s team , shows the hand loop as it most likely existed when the team arrived : That is the “ hand loop ” that was cut from the manual garage door rope and presented by the team of Bubba Wallace and NASCAR as evidence of a “ noose ” .
This simple garage pull-down is what all of the racial stories have surrounded .
Again , here @ @ @ @ @ @ @ In the November 2019 picture the pull-down hand loop is present , and in the 2020 picture taken Monday ( with FBI officials ) it is not .
It is important to note that virtually every single manual garage door at Talladega speedway has these ropes and hand-loops tied into them for use as pull-downs .
They now appear to have been purposefully mistaken for “ nooses.
” ( see more here ) However , it ’ s not just Bubba Wallace and NASCAR officials driving this hoax .
To give some perspective @ @ @ @ @ @ @ Auto Weekly framed a completely false racial component .
Note : Matt Weaver is the Associate Motorsports Editor for Auto Week USA and Auto Week Racing : When Mr. Weaver was confronted with the evidence that Bubba Wallace ’ s claim was based on a clearly fabricated story , Weaver immediately responded jaw-agape by saying he had asked NASCAR about the possibility of the “ noose ” being a simple garage door pull down rope and NASCAR confirmed to him it was not : This presented a rather unusual scenario because it is @ @ @ @ @ @ @ was actually a simple garage door pull down rope .
With a multi-billion NASCAR corporate identity and credibility on the line we provided even more specific evidence to Matt Weaver showing the comparison of 2019 to 2020 .
When provided with the absolutely incontrovertible evidence , immediately , this happened : Now things are really interesting ; because not only is a multi-billion NASCAR credibility on the line , but so too is the credibility of a major publication , Auto Week Racing , that relies on their relationship to the auto racing @ @ @ @ @ @ @ lying to Auto Week , or Mr. Matt Weaver from Auto Week was falsely attributing a position and denial claim to NASCAR .
After CTH presented those two scenarios to a very interested public .
Mr. Weaver was forced to , well , lets be kind , clarify his claim : Funny how the truth cuts through the agenda of related interests .
So NASCAR President Mr. Steve Phelps doesn ’ t deny the “ noose ” was a simple garage door pull-down rope .
Apparently , the previous attribution to NASCAR by @ @ @ @ @ @ @ .
uh huh… when the reality is Phelps “ has no information on that.
” I share that dialogue exchange because it ’ s important to understand the scale of the multi-billion vested interests that surround this now international scandal based on accusations of fake hate ; a racially driven hoax .
There are lots of credibility and money at stake .
So with all of that context the big questions now surround motive .
What would be the motives for the NASCAR team of Bubba Wallace to create a racially divisive hoax @ @ @ @ @ @ @ would they accomplish ?
Additionally , what would the motives be for NASCAR to promote a racial hoax with the intensity we have witnessed over the past two days ?
What would be the motive of NASCAR President Steve Phelps ?
Perhaps a discussion between NASCAR President Mr. Phelps and Auto Week Racing editor Mr. Weaver will provide an answer : [ … ] It ’ s no secret that NASCAR could begin to take on a new look come 2021 .
The league is anticipating schedule diversification , a revamped entitlement sponsor @ @ @ @ @ @ @ rights .
And for the first time since the decline of NASCAR ’ s mainstream popularity began , the sanctioning body is publicly admitting what Phelps is calling a headwind — the challenges major league stock car racing will face as it looks to discover its place in modern American pop culture .
[ … ] “ The relationships we have with NBC is incredible , so we entered into a joint advertising with them that allows us to be in more places with the same voice .
There are a lot of @ @ @ @ @ @ @ business side of NASCAR.
” [ … ] “ We do know that the race-day experience or the race-day weekend is really important , so we ’ re working with our tracks to have them understand that , and we need to reinvent what I would call the event promotion and what that looks like .
And that gets back to a collaboration effort which we are going to see to between our racetracks , NASCAR , our broadcast partners and our teams and drivers in order to promote this sport in a @ @ @ @ @ @ @ past.
” ( read more ) Well , with a NASCAR goal to “ discover it ’ s place in modern American pop culture ” what better way to “ promote this sport in a way we haven ’ t in the past ” , than to go in search of a new audience .
Perhaps the social justice community .
What would be the fastest way to engage a new “ pop culture ” audience ?
Perhaps , just perhaps…

Throughout the late evening and overnight hours we have been able to assemble definitive proof the NASCAR story of a noose hanging in the garage of drive Bubba Wallace is a hoax. [Background Here] When the race team of Bubba Wallace arrived at Talladega Speedway in Alabama, he was assigned to garage stall #4. After reviewing prior video of that specific garage bay, at that specific speedway; and after reviewing a picture released yesterday showing the FBI investigators on the scene; it is clear the “rope noose” in question was nothing more than a manual garage door pull-down with a hand loop tied into it. As you can see, the portion of the rope that shows the hand loop (aka “noose) in 2019 was cut off in 2020. The rope did not break, it was cut. The question then becomes was this a mistaken interpretation or an intentional effort to create the appearance of targeted hate? The answer to that question becomes clear when you look at the same rope on the adjacent stall, #5. A full picture (shown below) shows the pull-down rope on the stall next to Bubba Wallace also contained a hand loop tied into it. However, it is clear from the kinks in the rope the hand loop was untied. Likely by the same person who cut-off the “noose” on stall #4 being used by Bubba Wallace’s crew. (Click Images to Enlarge – Or see original Here) It appears the hand loop (“noose”) in garage stall #5 was untied in order to facilitate the perpetuation of the claim for the hand loop (“noose”) cut-off in Wallace’s stall #4. A review of the exact garage bay/stall in November 2019, six months prior to the arrival of Mr. Bubba Wallace’s team, shows the hand loop as it most likely existed when the team arrived: (SOURCE) That is the “hand loop” that was cut from the manual garage door rope and presented by the team of Bubba Wallace and NASCAR as evidence of a “noose”. This simple garage pull-down is what all of the racial stories have surrounded. Again, here’s the side-by side comparison. In the November 2019 picture the pull-down hand loop is present, and in the 2020 picture taken Monday (with FBI officials) it is not. It is important to note that virtually every single manual garage door at Talladega speedway has these ropes and hand-loops tied into them for use as pull-downs. They now appear to have been purposefully mistaken for “nooses.” (see more here) However, it’s not just Bubba Wallace and NASCAR officials driving this hoax. To give some perspective it’s worth looking at how Auto Weekly framed a completely false racial component. Note: Matt Weaver is the Associate Motorsports Editor for Auto Week USA and Auto Week Racing:
History won't remember the racist and incorrigible act committed by someone on Sunday at Talladega. Instead it will remember how the NASCAR community rose to the occasion to support one of their own. Here's how #IStandWithBubba was conceived and received.t.co/ciudf9W0G2 — Matt Weaver (@MattWeaverAW) June 23, 2020
When Mr. Weaver was confronted with the evidence that Bubba Wallace’s claim was based on a clearly fabricated story, Weaver immediately responded jaw-agape by saying he had asked NASCAR about the possibility of the “noose” being a simple garage door pull down rope and NASCAR confirmed to him it was not:
This presented a rather unusual scenario because it is absolutely demonstrably true the “noose” was actually a simple garage door pull down rope.
We are primarily funded by readers. Please subscribe and donate to support us!
With a multi-billion NASCAR corporate identity and credibility on the line we provided even more specific evidence to Matt Weaver showing the comparison of 2019 to 2020.
When provided with the absolutely incontrovertible evidence, immediately, this happened:
Now things are really interesting; because not only is a multi-billion NASCAR credibility on the line, but so too is the credibility of a major publication, Auto Week Racing, that relies on their relationship to the auto racing industry and NASCAR.
Either NASCAR was lying to Auto Week, or Mr. Matt Weaver from Auto Week was falsely attributing a position and denial claim to NASCAR.
After CTH presented those two scenarios to a very interested public. Mr. Weaver was forced to, well, lets be kind, clarify his claim:
Funny how the truth cuts through the agenda of related interests.
So NASCAR President Mr. Steve Phelps doesn’t deny the “noose” was a simple garage door pull-down rope. Apparently, the previous attribution to NASCAR by Mr. Weaver was “misunderstood”…. uh huh… when the reality is Phelps “has no information on that.”
I share that dialogue exchange because it’s important to understand the scale of the multi-billion vested interests that surround this now international scandal based on accusations of fake hate; a racially driven hoax. There are lots of credibility and money at stake.
So with all of that context the big questions now surround motive. What would be the motives for the NASCAR team of Bubba Wallace to create a racially divisive hoax? What are the benefits and what would they accomplish?
Additionally, what would the motives be for NASCAR to promote a racial hoax with the intensity we have witnessed over the past two days? What would be the motive of NASCAR President Steve Phelps?
Perhaps a discussion between NASCAR President Mr. Phelps and Auto Week Racing editor Mr. Weaver will provide an answer:
[…] It’s no secret that NASCAR could begin to take on a new look come 2021. The league is anticipating schedule diversification, a revamped entitlement sponsor program and the continued evolution of television-digital rights. And for the first time since the decline of NASCAR’s mainstream popularity began, the sanctioning body is publicly admitting what Phelps is calling a headwind — the challenges major league stock car racing will face as it looks to discover its place in modern American pop culture. […] “The relationships we have with NBC is incredible, so we entered into a joint advertising with them that allows us to be in more places with the same voice. There are a lot of incredibly positive things happening on the quote business side of NASCAR.” […] “We do know that the race-day experience or the race-day weekend is really important, so we’re working with our tracks to have them understand that, and we need to reinvent what I would call the event promotion and what that looks like. And that gets back to a collaboration effort which we are going to see to between our racetracks, NASCAR, our broadcast partners and our teams and drivers in order to promote this sport in a way we haven’t in the past.” (read more)
Well, with a NASCAR goal to “discover it’s place in modern American pop culture” what better way to “promote this sport in a way we haven’t in the past”, than to go in search of a new audience. Perhaps the social justice community.
What would be the fastest way to engage a new “pop culture” audience? Perhaps, just perhaps…
I digress.


investmentwatchblog--2020-06-23--Hey, ChiCom propagandists…. GTFO!

Hey, ChiCom propagandists…. GTFO!

Trump Admin Shuts Down Radio Station Run by Chinese Propaganda Outlet FCC denies Phoenix TV license after Sen. Cruz exposed station ’ s China ties By Adam Kredo | JUNE 22 , 2020 ( freebeacon.com ) – A radio station controlled by the Chinese Communist Party propaganda outlet Phoenix TV has been ordered by the Trump administration to cease its broadcasts within 48 hours .
The Federal Communications Commission ruled on Monday that a Mexico-based radio station owned in part by Phoenix TV—one of the Communist regime ’ s leading propaganda organs—must end its broadcasts due to its failure to @ @ @ @ @ @ @ to the FCC ’ s ruling , the station was exploiting a loophole that allows content produced in the United States to be broadcast from foreign radio towers , such as those in Mexico .
Phoenix TV , which is headquartered in California , produced its content domestically and then used the more powerful Mexican station to broadcast across the U.S. border .
The FCC denied a license for that radio station , XEWW-AM , because it “ failed to include in their application a key participant , Phoenix Radio , which produces @ @ @ @ @ @ @ ” the agency disclosed .
Phoenix Radio , Phoenix TV ’ s radio affiliate , was using the station to broadcast Chinese propaganda across Southern California , in violation of FCC statutes .
Phoenix TV first found itself in Congress ’ s crosshairs earlier this year , after one of its reporters confronted President Donald Trump during a White House briefing about the coronavirus pandemic and Chinese government efforts to cover up the illness .
The station ’ s presence at the White House generated concerns about the proliferation of Chinese state-controlled press @ @ @ @ @ @ @ Ex-CNN ‘ Reporters ’ Now Work For The Chinese Communist Party ’ s Propaganda Outfit : CGTN BY RAHEEM KASSAM AND NATALIE WINTERS | JUNE 22 , 2020 ( thenationalpulse.com ) – China Global Television Network ( CGTN ) has been identified as a “ long-standing weapon in Beijing ’ s arsenal of repression ” whose raison d ’ être is “ to attack designated enemies of the Communist Party , ” chiefly the U.S. Headquartered in Beijing , funded by the Chinese Communist Party ( CCP ) , and controlled by the @ @ @ @ @ @ @ outlet is inundated with anti-U.S. and anti-Trump content .
As a result , CGTN was forced to register with the Foreign Agents Registration Act ( FARA ) in 2019 .
CGTN ’ s international disinformation campaign – which has resulted in airing forced confessions and deeply biased coverage of Hong Kong protests – aligns with President Xi Jinping ’ s 2016 decree that “ wherever the readers are , wherever the viewers are , that is where propaganda reports must extend their tentacles.
” Despite this , there ’ s an apparent door @ @ @ @ @ @ @ CNN .
While CNN prides itself on placing “ Facts First , ” former employees are now helping to create and amplify content to glorify the CCP .
Sean Callebs is currently employed as a national correspondent at CGTN America .
In addition to serving as a diplomat in Afghanistan for the US State Department in 2011 , Callebs was a CNN correspondent for over 20 years , from 1989 to 2009… The next CNN transplant is Anand Naidoo , an anchor for CGTN program “ The Heat , ” based out of @ @ @ @ @ @ @ , and formerly an “ Atlanta-based anchor for CNN International ’ s World News for ten years.
” … Karina Huber is a New York correspondent for CGTN and fill-in anchor for the network ’ s program “ Global Business America .
CGTN explained in her bio : “ Prior to CGTN America , Karina was a business reporter for CNN and Reuters reporting live from the New York Stock Exchange.
” … Asieh Namdar , a former anchor for CNN providing “ reports and analysis of international news on CNN ” turned @ @ @ @ @ @ @ coverage of the CCP and is a staunch Trump critic… And Jim Spellman is a CGTN correspondent who “ was a journalist at CNN for over a decade ” and “ reported for CNN , CNN International , HLN and CNN.com ” and is similarly anti-Trump… The National Pulse has reached out to CNN for comment on its revolving door with the Chinese Communist Party ’ s foreign influence operation , CGTN , but at the time of publication , we had not heard back… .

Trump Admin Shuts Down Radio Station Run by Chinese Propaganda Outlet
FCC denies Phoenix TV license after Sen. Cruz exposed station’s China ties
By Adam Kredo | JUNE 22, 2020
(freebeacon.com) – A radio station controlled by the Chinese Communist Party propaganda outlet Phoenix TV has been ordered by the Trump administration to cease its broadcasts within 48 hours.
The Federal Communications Commission ruled on Monday that a Mexico-based radio station owned in part by Phoenix TV—one of the Communist regime’s leading propaganda organs—must end its broadcasts due to its failure to disclose its ties to China.
Prior to the FCC’s ruling, the station was exploiting a loophole that allows content produced in the United States to be broadcast from foreign radio towers, such as those in Mexico. Phoenix TV, which is headquartered in California, produced its content domestically and then used the more powerful Mexican station to broadcast across the U.S. border.
The FCC denied a license for that radio station, XEWW-AM, because it “failed to include in their application a key participant, Phoenix Radio, which produces the Mandarin programming in its studio,” the agency disclosed. Phoenix Radio, Phoenix TV’s radio affiliate, was using the station to broadcast Chinese propaganda across Southern California, in violation of FCC statutes.
Phoenix TV first found itself in Congress’s crosshairs earlier this year, after one of its reporters confronted President Donald Trump during a White House briefing about the coronavirus pandemic and Chinese government efforts to cover up the illness. The station’s presence at the White House generated concerns about the proliferation of Chinese state-controlled press organs in the United States…
EXCLUSIVE: Ex-CNN ‘Reporters’ Now Work For The Chinese Communist Party’s Propaganda Outfit: CGTN
BY RAHEEM KASSAM AND NATALIE WINTERS | JUNE 22, 2020
(thenationalpulse.com) – China Global Television Network (CGTN) has been identified as a “long-standing weapon in Beijing’s arsenal of repression” whose raison d’être is “to attack designated enemies of the Communist Party,” chiefly the U.S. Headquartered in Beijing, funded by the Chinese Communist Party (CCP), and controlled by the regime’s Publicity Department, the outlet is inundated with anti-U.S. and anti-Trump content.
As a result, CGTN was forced to register with the Foreign Agents Registration Act (FARA) in 2019.
CGTN’s international disinformation campaign – which has resulted in airing forced confessions and deeply biased coverage of Hong Kong protests – aligns with President Xi Jinping’s 2016 decree that “wherever the readers are, wherever the viewers are, that is where propaganda reports must extend their tentacles.”
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Despite this, there’s an apparent door between CGTN and establishment U.S. media outlet CNN.
While CNN prides itself on placing “Facts First,” former employees are now helping to create and amplify content to glorify the CCP.
Sean Callebs is currently employed as a national correspondent at CGTN America. In addition to serving as a diplomat in Afghanistan for the US State Department in 2011, Callebs was a CNN correspondent for over 20 years, from 1989 to 2009…
The next CNN transplant is Anand Naidoo, an anchor for CGTN program “The Heat,” based out of the network’s Washington D.C. Bureau, and formerly an “Atlanta-based anchor for CNN International’s World News for ten years.”…
Karina Huber is a New York correspondent for CGTN and fill-in anchor for the network’s program “Global Business America.
CGTN explained in her bio:
“Prior to CGTN America, Karina was a business reporter for CNN and Reuters reporting live from the New York Stock Exchange.”…
Asieh Namdar, a former anchor for CNN providing “reports and analysis of international news on CNN” turned CGTN anchor, has provided similarly flattering coverage of the CCP and is a staunch Trump critic…
And Jim Spellman is a CGTN correspondent who “was a journalist at CNN for over a decade” and “reported for CNN, CNN International, HLN and CNN.com” and is similarly anti-Trump…
The National Pulse has reached out to CNN for comment on its revolving door with the Chinese Communist Party’s foreign influence operation, CGTN, but at the time of publication, we had not heard back….
h/t Fist


investmentwatchblog--2020-06-23--Tucker Carlson Nails It: Perfectly Summarizes What is Happening in Our Country Right Now — and One o

Tucker Carlson Nails It: Perfectly Summarizes What is Happening in Our Country Right Now — and One of the Greatest Speeches I’ve Ever Heard by a News Person

These aren ’ t protests .
This is a totalitarian political movement and someone needs to save us from it @ @ @ @ @

These aren’t protests. This is a totalitarian political movement and someone needs to save us from it. #FoxNews #Tucker
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investmentwatchblog--2020-06-23--Technically Speaking: Unicorns, Rainbows, & Fully Invested Bears

In this week ’ s “ Technically Speaking , ” I want to review the bull case , which is seeming built on “ Unicorns ” and “ Rainbows , ” as opposed to the more bearish fundamental backdrop .
We are uncomfortably “ long equities ” in this momentum-driven market , essentially making us “ fully invested bears.
” Let ’ s review the “ Bull ” and “ Bear ” case from last week : The bullish case for the market is pretty thin .
• Hopes are high for a full reopening of the economy .
( @ @ @ @ @ @ @ sufficiently high enough to justify “ current ” prices .
( Let that sink in – that ’ s two years of ZERO price growth . )
( Rainbow ) In actuality , the first four points are rationalizations .
It is the Fed ’ s liquidity driving the market .
The bear ’ s built their case on more solid fundamental views .
• The potential for a second wave of the virus • A second wave of the virus erodes consumer confidence slowing employment • Debt defaults and bankruptcies rise more @ @ @ @ @ @ @ which translates into the sharply reduced earnings and corporate profitability .
Ultimately , corporate profits and earnings always matter , as discussed previously .
( Historically , earnings never catch up with price . )
The problem in discussing “ investment risk ” is that such commentary is summarily dismissed as being “ bearish , ” By extension , I am either sitting in cash or short the market .
In either event , I have “ missed out ” on the previous advance .
However , now , the discussion of “ @ @ @ @ @ @ @ to the Fed ’ s massive interventions .
Such reminds me of something famed Morgan Stanley strategist Gerard Minack said once : While the mainstream media continues to skew individual ’ s expectations by chastising them for “ not beating the market , ” which is impossible to do , the job of a portfolio manager is to participate in the markets with a bias toward capital preservation .
It is the destruction of capital during market declines that have the greatest impact on long-term portfolio performance .
From that view , as @ @ @ @ @ @ @ “ fully invested bears ” defines the reality of the markets we live with today .
Despite the understanding that the markets are overly bullish , extended , and valued , portfolio managers must stay invested or suffer potential “ career risk ” for underperformance .
What the Federal Reserve ’ s ongoing interventions have done , and continue to do , is push portfolio managers to chase performance despite concerns of potential capital loss .
We have all become “ fully invested bears ” as we are all quite aware that this @ @ @ @ @ @ @ is willing to take the risk of being grossly underexposed to Central Bank interventions .
As noted yesterday , retail investors have come to believe in “ Unicorns.
” As we saw in 1999 and 2007 , inexperienced investors are flocking to the market to speculate under the delusion there is no downside risk .
Such is evident when you look at the massive outperformance of just a handful of stocks in the S & P 500 versus the rest of the index .
This is not investing .
This is purely a @ @ @ @ @ @ @ as “ full invested bears , ” we must watch the markets carefully for signs of a market turn .
Here are the things we are currently watching .
These issues do NOT mean the market will crash tomorrow .
However , they do always coincide with lower returns and higher volatility .
One of the consistent drivers behind the bull market over the last few years has been the idea of the “ Fed Put.
” As long as the Federal Reserve was there to “ bail out ” the markets if @ @ @ @ @ @ @ reason not to invest in equities .
In turn , this has pushed investors to “ chase yield , ” due to artificially suppressed interest rates , It has also pushed valuations on stocks back to levels only seen before the turn of the century .
Furthermore , given the depth of the economic crisis , 49-million unemployed , collapsing wages and incomes , and a resurgence in the number of COVID-19 cases , estimates are still too high .
During previous economic downturns , earnings collapsed between 50 % and 85 % @ @ @ @ @ @ @ the current backdrop , that earnings will only decline by 20 % .
As noted this past weekend , valuations on just about every metric are at the top-end of the range .
As noted , these valuation extensions are occurring against a backdrop of deteriorating economic growth .
The combination , shown in the chart above , has not worked out well for investors in the past .
As noted above , during economic recessions , GAAP earnings tend to decline between 50 % and 85 % of their previous highs .
@ @ @ @ @ @ @ revenue , which happens at the top line of the income statement , there is a direct correlation between economic growth , wages , consumption , and corporate earnings .
Currently , estimates have only been reduced by 34 % of their previous peak .
Such comes at a time where economic growth is weaker , job loss is higher , and consumption will drop lower than any previous point except during the “ Great Depression.
” We are watching the chart closely as our expectations are that earnings will eventually drop closer @ @ @ @ @ @ @ norms .
As such , stock prices will have to correct to align with those earnings .
While Fed liquidity can boost stock prices higher in the short-term , balance sheet expansions do not increase wages , employment , economic growth , or revenue .
More importantly , with companies now having to issue stock to raise capital , the biggest support for EPS previously has been removed – stock buybacks .
I have written many times in the past that the financial markets are not immune to the laws of physics .
@ @ @ @ @ @ @ eventually come down .
The example I use most often is the resemblance to “ stretching a rubber-band.
” Stock prices connect to their long-term trend , which acts as a gravitational pull .
When prices deviate too far from this trend , they will eventually “ revert to the mean.
” Currently , that deviation from the long-term log trend-line is at one of the highest points in history .
Does this mean that the current bull market will crash tomorrow ?
No .
However , it does suggest that “ risk @ @ @ @ @ @ @ .
It will only take some exogenous , unexpected event , to cause a reversion .
As such , some consideration to direct market exposure should be given .
Lastly , is investor sentiment .
When sentiment is heavily skewed toward those willing to “ buy , ” prices can rise rapidly and seemingly “ climb a wall of worry.
” Our Greed/Fear indicator is a little different than most .
It is based on actual positioning in markets by both amateur and professional investors , plus indicators of positioning sentiment .
Rather @ @ @ @ @ @ @ gauge , it is a “ positioning ” gauge .
In March , this indicator plunged to the lowest level seen since the “ Financial Crisis.
” Just a couple of months later , the indicator is back to “ Greed ” levels due to the Fed ’ s monetary interventions .
Reading above 80 , are typically seen at or near market peaks , corrections , and bear markets .
With sentiment currently at very high levels , combined with low volatility , and a high degree of investor complacency , all @ @ @ @ @ @ @ are currently present .
Am I sounding an “ alarm bell ” and calling for a massive correction ?
No .
I am suggesting that remaining heavily invested in the financial markets without a thorough understanding of your “ risk exposure ” will not have the desirable end result you have been promised .
As stated above , my job is to participate in the markets while keeping a measured approach to capital preservation .
Since it is “ bearish ” to point out potential “ risks , ” then you can call @ @ @ @ @ @ @ sure you understand that I am currently a “ fully-invested bear.
” However , that positioning can , and will , rapidly change as needed .

by Lance Roberts
In this week’s “Technically Speaking,” I want to review the bull case, which is seeming built on “Unicorns” and “Rainbows,” as opposed to the more bearish fundamental backdrop. We are uncomfortably “long equities” in this momentum-driven market, essentially making us “fully invested bears.”
Let’s review the “Bull” and “Bear” case from last week:
The Bull’s Case
The bullish case for the market is pretty thin.
Hopes are high for a full reopening of the economy. (Rainbow) A vaccine. (Rainbow) A rapid return to economic normalcy. (Rainbow) 2022 earnings will be sufficiently high enough to justify “current” prices. (Let that sink in – that’s two years of ZERO price growth.) (Rainbow) The Fed. (Unicorn)
In actuality, the first four points are rationalizations. It is the Fed’s liquidity driving the market.
The Bear’s Case
The bear’s built their case on more solid fundamental views.
The potential for a second wave of the virus A slower than expected economic recovery A second wave of the virus erodes consumer confidence slowing employment High unemployment weighs on personal consumption Debt defaults and bankruptcies rise more sharply than expected. All of which translates into the sharply reduced earnings and corporate profitability.
Ultimately, corporate profits and earnings always matter, as discussed previously. (Historically, earnings never catch up with price.)
“Throughout history, earnings are very predictable. Using the analysis above, we can “guesstimate” the decline in earnings, and the potential decline in stock prices to align valuations. The chart below is the long-term log trend of earnings versus its exponential growth trend.”
Fully Invested Bears
The problem in discussing “investment risk” is that such commentary is summarily dismissed as being “bearish,” By extension, I am either sitting in cash or short the market. In either event, I have “missed out” on the previous advance. However, now, the discussion of “risk” is even more futile due to the Fed’s massive interventions.
Such reminds me of something famed Morgan Stanley strategist Gerard Minack said once:
“The funny thing is there is a disconnect between what investors are saying and what they are doing. No one thinks all the problems the global financial crisis revealed have been healed. But, when you have an equity rally as you’ve seen for the past four or five years, everybody has had to participate. What you’ve had are fully invested bears.”
While the mainstream media continues to skew individual’s expectations by chastising them for “not beating the market,” which is impossible to do, the job of a portfolio manager is to participate in the markets with a bias toward capital preservation. It is the destruction of capital during market declines that have the greatest impact on long-term portfolio performance.
From that view, as a portfolio manager, the idea of “fully invested bears” defines the reality of the markets we live with today. Despite the understanding that the markets are overly bullish, extended, and valued, portfolio managers must stay invested or suffer potential “career risk” for underperformance.
Are Unicorns Real?
What the Federal Reserve’s ongoing interventions have done, and continue to do, is push portfolio managers to chase performance despite concerns of potential capital loss. We have all become “fully invested bears” as we are all quite aware that this will end badly, but no one is willing to take the risk of being grossly underexposed to Central Bank interventions.
As noted yesterday, retail investors have come to believe in “Unicorns.” As we saw in 1999 and 2007, inexperienced investors are flocking to the market to speculate under the delusion there is no downside risk.
Such is evident when you look at the massive outperformance of just a handful of stocks in the S&P 500 versus the rest of the index. This is not investing. This is purely a function of performance chasing.
Therefore, as “full invested bears,” we must watch the markets carefully for signs of a market turn. Here are the things we are currently watching. These issues do NOT mean the market will crash tomorrow. However, they do always coincide with lower returns and higher volatility.
Valuations
One of the consistent drivers behind the bull market over the last few years has been the idea of the “Fed Put.” As long as the Federal Reserve was there to “bail out” the markets if something went wrong, there was no reason not to invest in equities. In turn, this has pushed investors to “chase yield,” due to artificially suppressed interest rates, It has also pushed valuations on stocks back to levels only seen before the turn of the century.
Furthermore, given the depth of the economic crisis, 49-million unemployed, collapsing wages and incomes, and a resurgence in the number of COVID-19 cases, estimates are still too high. During previous economic downturns, earnings collapsed between 50% and 85%. It is highly optimistic, given the current backdrop, that earnings will only decline by 20%.
As noted this past weekend, valuations on just about every metric are at the top-end of the range.
We are primarily funded by readers. Please subscribe and donate to support us!
“One thing I had hoped for in 2018-2019 is that we would get a correction large enough to revert some of the excessive valuation levels which existed. Such would provide higher future rates of return over the next decade, allowing investors to reach their investment goals. Instead, through the Fed’s actions, the correction was halted, and the “clearing process” was not allowed to occur. The outcome has been even higher levels of corporate leverage, and valuations remain grossly elevated on many different levels.”
As noted, these valuation extensions are occurring against a backdrop of deteriorating economic growth. The combination, shown in the chart above, has not worked out well for investors in the past.
Under-Estimating Earnings Decline
As noted above, during economic recessions, GAAP earnings tend to decline between 50% and 85% of their previous highs. Given that earnings are a function of revenue, which happens at the top line of the income statement, there is a direct correlation between economic growth, wages, consumption, and corporate earnings.
Currently, estimates have only been reduced by 34% of their previous peak. Such comes at a time where economic growth is weaker, job loss is higher, and consumption will drop lower than any previous point except during the “Great Depression.”
We are watching the chart closely as our expectations are that earnings will eventually drop closer to $60/share to align with historical norms. As such, stock prices will have to correct to align with those earnings.
While Fed liquidity can boost stock prices higher in the short-term, balance sheet expansions do not increase wages, employment, economic growth, or revenue. More importantly, with companies now having to issue stock to raise capital, the biggest support for EPS previously has been removed – stock buybacks.
Deviation
I have written many times in the past that the financial markets are not immune to the laws of physics. What goes up, must and will eventually come down. The example I use most often is the resemblance to “stretching a rubber-band.” Stock prices connect to their long-term trend, which acts as a gravitational pull. When prices deviate too far from this trend, they will eventually “revert to the mean.”
See Bob Farrell’s Rule #1
Currently, that deviation from the long-term log trend-line is at one of the highest points in history. Does this mean that the current bull market will crash tomorrow? No. However, it does suggest that “risk” is currently skewed to the downside. It will only take some exogenous, unexpected event, to cause a reversion. As such, some consideration to direct market exposure should be given.
Sentiment
Lastly, is investor sentiment. When sentiment is heavily skewed toward those willing to “buy,” prices can rise rapidly and seemingly “climb a wall of worry.”
Our Greed/Fear indicator is a little different than most. It is based on actual positioning in markets by both amateur and professional investors, plus indicators of positioning sentiment. Rather than it being a “sentiment” gauge, it is a “positioning” gauge.
In March, this indicator plunged to the lowest level seen since the “Financial Crisis.” Just a couple of months later, the indicator is back to “Greed” levels due to the Fed’s monetary interventions. Reading above 80, are typically seen at or near market peaks, corrections, and bear markets.
See Bob Farrell’s Rule #6
With sentiment currently at very high levels, combined with low volatility, and a high degree of investor complacency, all the ingredients necessary for a market reversal are currently present. Am I sounding an “alarm bell” and calling for a massive correction? No.
I am suggesting that remaining heavily invested in the financial markets without a thorough understanding of your “risk exposure” will not have the desirable end result you have been promised.
As stated above, my job is to participate in the markets while keeping a measured approach to capital preservation. Since it is “bearish” to point out potential “risks,” then you can call me a “bear.”
Just make sure you understand that I am currently a “fully-invested bear.”
However, that positioning can, and will, rapidly change as needed.


investmentwatchblog--2020-06-23--Nasdaq Could Rally 15% More, Before Hitting This Target?

If one thing is true about this crazy bull market , it ’ s that technology stocks have been the @ @ @ @ @ ) .
Even the coronavirus crash didn ’ t knock out the tech sector .
@ @ @ @ @ 100 have come racing back and are the only major US stock market indices to @ @ @ @ @ at today ’ s chart , it ’ s clear that investors continue to rotate @ @ @ @ @ on any broad market weakness .
So how much further could this rally “ leg @ @ @ @ @ longer-term basis ) ?
The “ monthly ” chart above uses the 2000 high and @ @ @ @ @ 1 ) to highlight key Fibonacci extension price targets .
The 161.8 Fibonacci price target @ @ @ @ @ acted as a price magnet for several months .
But that is now in the @ @ @ @ @ may be the next long-term price target .
If so , that ’ s still @ @ @ @ @ prices .
Stay tuned !

by Kimble Charting
If one thing is true about this crazy bull market, it’s that technology stocks have been the clear leader (and winner).
Even the coronavirus crash didn’t knock out the tech sector.
The Nasdaq Composite and Nasdaq 100 have come racing back and are the only major US stock market indices to make new highs.
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Looking at today’s chart, it’s clear that investors continue to rotate funds to large-cap technology stocks on any broad market weakness.
So how much further could this rally “leg” go (on a longer-term basis)? The “monthly” chart above uses the 2000 high and 2002 low at each (1) to highlight key Fibonacci extension price targets.
The 161.8 Fibonacci price target was hit in 2018 and acted as a price magnet for several months. But that is now in the rearview and the 261.8 Fibonacci may be the next long-term price target.
If so, that’s still 15 percent higher than current prices. Stay tuned!