investmentwatchblog--2020-05-23--The Global Forest Fire Is Here: $QUADRILLIONS WILL GO UP IN SMOKE

It drives you absolutely mad to see a whole world living a lie .
How can anyone believe that the fake world the Fed and their fellow central bankers have created has anything to do with reality .
We have fake money , fake markets , fake companies , fake banks , fake interest rates , fake income , fake pensions , fake social security , fake wealth , fake bail outs , fake buildings , fake holidays , fake cars etc which create false lives for most of us especially in the West .
All these fake material values @ @ @ @ @ @ @ values .
IT IS ALL AN ILLUSION So you might ask how can it all be fake when we can touch it , use it , or experience it .
For people who don ’ t understand that it is all fake , let me say that we will all soon realise how fake it was .
Because many of these things that we perceived as real were all an illusion .
An illusion is defined as “ an act of deception ” or “ something that produces a false or misleading idea @ @ @ @ @ @ @ what we have been exposed to .
The world had been deceived but we have all believed that it was real .
There is a perception in the world that things will continue as they are and that the Deep State is going to control us all in a totalitarian world .
What few realise is that the Deep State or Powers That Be are going to lose control totally .
They are totally dependent on the world in which they can control everything through debt and the fake monetary system they have @ @ @ @ @ @ @ clear that this fake system is about to implode .
$ QUADRILLIONS WILL GO UP IN SMOKE Before the crisis which has just started is over , global debt , derivatives and unfunded liabilities ( medicare , pensions ) will virtually all disappear .
We are looking at sums in the quadrillions of dollars .
How much depends on how much extra debt is created before it all implodes .
As the debt goes to zero , most of the assets that were financed by the debt will also lose 90-100 % of @ @ @ @ @ @ @ the world will discover that all these things we thought had a real worth are actually worthless .
In this scenario , the ones in control of the money will have lost their power since the printing press has stopped functioning , and money has died .
Also , after the collapse of the present monetary system , leverage will disappear and any financial institution will only lend what they have in actual deposits as was the case when banking started 4000 years ago .
This dystopian system is difficult for most of @ @ @ @ @ @ @ to a very different world .
It is possible that instead of the whole system coming down in one fell swoop that it happens in stages over an extended period .
But I fear that things could go very quickly .
What is clear is that the world is now starting a secular decline that ’ s never been seen before and this on a global basis .
The first stage of this decline has now begun and will be totally devastating for the world .
However incredible this scenario appears , it @ @ @ @ @ @ @ WILL BE THE SAME The falsity of the current system will soon become apparent .
Let ’ s take some obvious examples of what this false or misleading idea of reality means .
• Jobs – the unemployment rates we are now seeing of 15-39 % depending on how you measure , will become permanent .
Many employed and self-employed will not get their job back .
The government has no money to pay these people .
Printed money is an illusion and has zero value .
Take the UK where now 50 @ @ @ @ @ @ @ by the government in subsidies , unemployment benefits , state employees , and state pensioners .
That situation can of course never last .
Paying non-productive people with worthless money does not create a sustainable society .
• Pensions – Pension funds will not survive .
They have three principal asset classes – Stocks , Bonds , and Property .
All three will lose most of their value in real terms .
All unfunded pension schemes will remain unfunded since there will be no money to pay the pensioners .
• Airlines – @ @ @ @ @ @ @ remaining ones will be extremely costly to operate leading to fares increasing substantially .
Fewer people will fly due to high costs .
Business travel will go down significantly both for cost reasons and because people have recently discovered that meetings and conferences can be conducted on Zoom or Skype .
• Hotels , Tourism – Tourism will decline dramatically due to high unemployment and high costs .
Mass tourism will totally die .
The conference business which is a vital income for hotels will also dwindle .
Much of it will become @ @ @ @ @ @ @ hotel market will die .
• Offices – Big offices in city centres will disappear .
The world has discovered , during the Corona quarantine , that working from home is extremely efficient and convenient .
It is also better for family life .
Big offices will disappear , instead there will be small offices which don ’ t have to be in city centres .
So there will be less commuting , less pollution and a better quality of life .
• Big Cities – The need for big cities will diminish @ @ @ @ @ @ @ or small regional offices , big cities will shrink and many will become ghost towns .
Retail in big cities will die .
• Big Companies – Many will be broken up .
Globalism with big dominant global businesses will disappear .
Countries will become more self-sufficient with most production becoming domestic .
• Banking & Finance – Most big banks will disappear as the financial system implodes .
Without massive debt , derivatives and leverage , banks will go back to where they started – financing trade , commerce , and industry @ @ @ @ @ @ @ or proprietary trading .
Central banks will disappear or have a very much diminished role .
There will be virtually no money printing .
There will be no manipulation of money or interest rates .
Market swings will be based on supply and demand and not central bank interference .
I do realise that some of this sounds like wishful thinking .
But it is a natural reaction to the current false and diseased financial system .
• Hedge Funds & Private Equity – These firms will disappear as they are totally dependent @ @ @ @ @ @ @ have no place in a system based on sound money .
Most hedge funds will go under in the coming collapse as counterparties fail and derivatives become worthless .
Private equity has destroyed many good companies by lumbering them with heavy debt and taking all the equity out .
The list above could be much longer but this is just a taste of all the changes that will take place over the next few years and decades .
It will clearly be a gradual process but the first stages could happen quickly if @ @ @ @ @ @ @ doesn ’ t survive the imminent shocks .
The transition from a world based on the golden calf and false values will be devastating .
But there is no other way to end an era based on fake money and fallacious premises .
The world could never continue to grow and prosper with a mountain of debt and liabilities that can never be repaid or even serviced .
We need a proper forest fire that burns it all down to the ground and prepares the way for a sounder world with new green @ @ @ @ @ @ @ to a soundly based system will clearly involve a lot of suffering .
But this is the punishment that the world must go through .
Many will suffer and many will die prematurely as a result of poverty , famine , disease , and wars .
The scale of this devastation will be multiples of the Coronavirus .
THIS TOO SHALL PASS The world economy has always gone in cycles .
If the laws of nature and supply and demand were allowed to determine the length and amplitude of the cycles , they @ @ @ @ @ @ @ are now experiencing .
But when mankind interferes in the shape of governments and central banks , these cycles reach extremes which can have disastrous consequences as the world will soon encounter .
But remember that “ This too shall pass ” and when the world comes out on the other side , it will be a better world .
Many things will improve , like family values as well as moral and ethical values .
A close group of family and friends will be essential during the coming hard times .
And @ @ @ @ @ @ @ are free like friendship , discussions , nature , music , and books .
Buying gadgets and traveling to the other side of the world only give us ephemeral joy .
Stocks will soon give the world another shock .
We saw the all time bubble top in the Dow on February 12th , followed by a 38 % fall of over 11,000 points .
The investment world is assuming we will have a V or U recovery .
Sadly , it will be neither .
Instead another major fall is around the @ @ @ @ @ @ @ greater than the first one before it pauses .
What is clear is that stocks , like the economy , have started a secular downtrend which will be devastating .
The fall will not stop until stocks are down more than 95 % in real terms .
As I have been writing and tweeting about lately , the world is starting to discover that paper money can not survive when central banks are printing it to death .
Gold and silver have for the last twenty years told us this .
We are @ @ @ @ @ @ @ in the metals will accelerate rapidly .
If you want your savings to survive the coming crisis , hold physical gold and some silver .
Don ’ t store it in a banking system that is unlikely to survive .
Silver is leading the current surge in the metals which is a good sign since silver is the leading indicator for big moves in the metals .
Silver will move up many times faster than gold but remember that it is extremely volatile .
So if you want to sleep well at night @ @ @ @ @ @ @ Forget about what price the metals will reach .
Even in today ’ s money , whatever figure you think of will not be enough .
And in hyperinflationary money , the price move will be exponential measured in worthless paper money .
So don ’ t think about the value of gold and silver in dollars or euros .
Just remember that gold is the only money that has survived in history .
It is therefore the best form of wealth preservation and insurance against a bankrupt financial system .
P.S .
@ @ @ @ @ @ @ Forest Fire is Here ” alludes to a previous article I wrote back in 2009 and again in 2018 called the “ The Dark Years Are Here ” .
It makes some interesting reading , especially since it now seems that they really are here .

by Egon von Greyerz of Gold Switzerland
It drives you absolutely mad to see a whole world living a lie. How can anyone believe that the fake world the Fed and their fellow central bankers have created has anything to do with reality. We have fake money, fake markets, fake companies, fake banks, fake interest rates, fake income, fake pensions, fake social security, fake wealth, fake bail outs, fake buildings, fake holidays, fake cars etc which create false lives for most of us especially in the West. All these fake material values have also created false moral and ethical values.
IT IS ALL AN ILLUSION
So you might ask how can it all be fake when we can touch it, use it, or experience it. For people who don’t understand that it is all fake, let me say that we will all soon realise how fake it was. Because many of these things that we perceived as real were all an illusion.
An illusion is defined as “an act of deception” or “something that produces a false or misleading idea of reality. And that is exactly what we have been exposed to. The world had been deceived but we have all believed that it was real.
DEEP STATE WILL LOSE CONTROL
There is a perception in the world that things will continue as they are and that the Deep State is going to control us all in a totalitarian world. What few realise is that the Deep State or Powers That Be are going to lose control totally. They are totally dependent on the world in which they can control everything through debt and the fake monetary system they have created. But let me make it clear that this fake system is about to implode.
$QUADRILLIONS WILL GO UP IN SMOKE
Before the crisis which has just started is over, global debt, derivatives and unfunded liabilities (medicare, pensions) will virtually all disappear. We are looking at sums in the quadrillions of dollars. How much depends on how much extra debt is created before it all implodes. As the debt goes to zero, most of the assets that were financed by the debt will also lose 90-100% of their real value. This is when the world will discover that all these things we thought had a real worth are actually worthless.
In this scenario, the ones in control of the money will have lost their power since the printing press has stopped functioning, and money has died. Also, after the collapse of the present monetary system, leverage will disappear and any financial institution will only lend what they have in actual deposits as was the case when banking started 4000 years ago.
This dystopian system is difficult for most of us to imagine since it would lead to a very different world. It is possible that instead of the whole system coming down in one fell swoop that it happens in stages over an extended period. But I fear that things could go very quickly. What is clear is that the world is now starting a secular decline that’s never been seen before and this on a global basis. The first stage of this decline has now begun and will be totally devastating for the world. However incredible this scenario appears, it is the only possible outcome.
NOTHING WILL BE THE SAME
The falsity of the current system will soon become apparent. Let’s take some obvious examples of what this false or misleading idea of reality means.
Jobs – the unemployment rates we are now seeing of 15-39% depending on how you measure, will become permanent. Many employed and self-employed will not get their job back. The government has no money to pay these people. Printed money is an illusion and has zero value. Take the UK where now 50% of the adults are being paid by the government in subsidies, unemployment benefits, state employees, and state pensioners. That situation can of course never last. Paying non-productive people with worthless money does not create a sustainable society. Pensions – Pension funds will not survive. They have three principal asset classes – Stocks, Bonds, and Property. All three will lose most of their value in real terms. All unfunded pension schemes will remain unfunded since there will be no money to pay the pensioners. Airlines – Many airlines will go under. Any remaining ones will be extremely costly to operate leading to fares increasing substantially. Fewer people will fly due to high costs. Business travel will go down significantly both for cost reasons and because people have recently discovered that meetings and conferences can be conducted on Zoom or Skype. Hotels, Tourism – Tourism will decline dramatically due to high unemployment and high costs. Mass tourism will totally die. The conference business which is a vital income for hotels will also dwindle. Much of it will become Video conferencing. Most of the luxury hotel market will die. Offices – Big offices in city centres will disappear. The world has discovered, during the Corona quarantine, that working from home is extremely efficient and convenient. It is also better for family life. Big offices will disappear, instead there will be small offices which don’t have to be in city centres. So there will be less commuting, less pollution and a better quality of life. Big Cities – The need for big cities will diminish dramatically. As people work from home or small regional offices, big cities will shrink and many will become ghost towns. Retail in big cities will die. Big Companies – Many will be broken up. Globalism with big dominant global businesses will disappear. Countries will become more self-sufficient with most production becoming domestic. Banking & Finance – Most big banks will disappear as the financial system implodes. Without massive debt, derivatives and leverage, banks will go back to where they started – financing trade, commerce, and industry. There will be no investment banks or proprietary trading. Central banks will disappear or have a very much diminished role. There will be virtually no money printing. There will be no manipulation of money or interest rates. Market swings will be based on supply and demand and not central bank interference. I do realise that some of this sounds like wishful thinking. But it is a natural reaction to the current false and diseased financial system. Hedge Funds & Private Equity – These firms will disappear as they are totally dependent on massive leverage and debt. They have no place in a system based on sound money. Most hedge funds will go under in the coming collapse as counterparties fail and derivatives become worthless. Private equity has destroyed many good companies by lumbering them with heavy debt and taking all the equity out.
The list above could be much longer but this is just a taste of all the changes that will take place over the next few years and decades. It will clearly be a gradual process but the first stages could happen quickly if a major part of the financial system doesn’t survive the imminent shocks.
THE WORLD NEEDS A FOREST FIRE
The transition from a world based on the golden calf and false values will be devastating. But there is no other way to end an era based on fake money and fallacious premises. The world could never continue to grow and prosper with a mountain of debt and liabilities that can never be repaid or even serviced. We need a proper forest fire that burns it all down to the ground and prepares the way for a sounder world with new green shoots.
We are primarily funded by readers. Please subscribe and donate to support us!
Going from a sick system to a soundly based system will clearly involve a lot of suffering. But this is the punishment that the world must go through. Many will suffer and many will die prematurely as a result of poverty, famine, disease, and wars. The scale of this devastation will be multiples of the Coronavirus.
THIS TOO SHALL PASS
The world economy has always gone in cycles. If the laws of nature and supply and demand were allowed to determine the length and amplitude of the cycles, they wouldn’t reach the extremes we are now experiencing. But when mankind interferes in the shape of governments and central banks, these cycles reach extremes which can have disastrous consequences as the world will soon encounter.
But remember that “This too shall pass” and when the world comes out on the other side, it will be a better world. Many things will improve, like family values as well as moral and ethical values. A close group of family and friends will be essential during the coming hard times. And remember that so many things in life are free like friendship, discussions, nature, music, and books. Buying gadgets and traveling to the other side of the world only give us ephemeral joy.
MARKETS
Stocks
Stocks will soon give the world another shock. We saw the all time bubble top in the Dow on February 12th, followed by a 38% fall of over 11,000 points. The investment world is assuming we will have a V or U recovery. Sadly, it will be neither. Instead another major fall is around the corner. It is likely to be greater than the first one before it pauses. What is clear is that stocks, like the economy, have started a secular downtrend which will be devastating. The fall will not stop until stocks are down more than 95% in real terms.
Metals
As I have been writing and tweeting about lately, the world is starting to discover that paper money cannot survive when central banks are printing it to death. Gold and silver have for the last twenty years told us this. We are now getting the signal that the uptrend in the metals will accelerate rapidly.
If you want your savings to survive the coming crisis, hold physical gold and some silver. Don’t store it in a banking system that is unlikely to survive. Silver is leading the current surge in the metals which is a good sign since silver is the leading indicator for big moves in the metals. Silver will move up many times faster than gold but remember that it is extremely volatile. So if you want to sleep well at night, hold more gold than silver.
Forget about what price the metals will reach. Even in today’s money, whatever figure you think of will not be enough. And in hyperinflationary money, the price move will be exponential measured in worthless paper money. So don’t think about the value of gold and silver in dollars or euros. Just remember that gold is the only money that has survived in history. It is therefore the best form of wealth preservation and insurance against a bankrupt financial system.
P.S. The title of this article “The Forest Fire is Here” alludes to a previous article I wrote back in 2009 and again in 2018 called the “The Dark Years Are Here”. It makes some interesting reading, especially since it now seems that they really are here.
Become a Client
Egon von Greyerz
Founder and Managing Partner
Matterhorn Asset Management
Zurich, Switzerland
Phone: +41 44 213 62 45


investmentwatchblog--2020-05-23--America Is Drowning in Problems

America Is Drowning in Problems

Washington is picking yet another fight with China .
On top of the trade war we now have the coronavirus war .
China is accused of being responsible for the virus by withholding information about it .
Some in Washington want to make China pay for the cost of the virus by reneging on US debt held by China in the form of US Treasuries .
What information about coronavirus is China supposed to have withheld ?
That China was doing coronavirus research ?
How could this information have been withheld when the US State Department knew about it , @ @ @ @ @ @ @ and US scientists were complaining about the danger ?
That coronavirus was ravaging Wuhan ?
How was this information withheld when it was in the media every day ?
The United States and its vassals knew about the virus outbreak in China two months prior to its outbreak in the West and did nothing .
Through either inaction or intent , the US , Canada , and Europe imported the virus .
The governments refused to stop flights in and out of China and to prevent cruise ships from welcoming passengers from infected @ @ @ @ @ @ @ interfere with profits , which came before public health .
Absolutely nothing was done .
No efforts were made to stockpile protective masks and gear , or to protect nursing homes , or to segregate hospital facilities , or to think outside the box about treatments .
The Swedish government was so unprepared that it did not even try to do anything and just let the virus run its course with devastating effects on the elderly .
[ Note : There is much disinformation about Sweden from those who believe the virus is @ @ @ @ @ @ @ , such as claims that Sweden has kept the economy open without paying for it in a higher death rate and is gaining `` herd immunity ” against Covid-19 .
These claims are contradicted by news reports .
For example : www.marketwatch.com/story/the-world-health-organization-said-lessons-could-be-learned-from-sweden—now-its-daily-deaths-are-soaring-2020-05-21 and www.theguardian.com/world/2020/may/21/just-7-per-cent-of-stockholm-had-covid-19-antibodies-by-end-of-april-study-sweden-coronavirus . ]
In an attempt , more or less successful , to reduce the infection rate so that health facilities were not over-burdened , every other country imposed social distancing rules , bans against crowd events , and workplace closures .
As little was known about the disease and @ @ @ @ @ @ @ be vastly understated , there was no responsible alternative to the so-called “ lockdowns.
” It remains to be seen whether the concern for profits has produced a premature reopening that will result in a second wave of rapid infection rates .
Many suspect that Big Pharma and Bill Gates want to keep the infection spreading in order to panic us into being vaccinated with an inadequately tested vaccine .
The blame China game is really an effort to cover-up the failure of Western governments to deal with a crisis .
The failure @ @ @ @ @ @ @ ubiquitous .
Just think Katrina , the hurricane that devastated New Orleans and the Gulf Coast .
If you don ’ t remember or are too young to have experienced the 2005 hurricane via TV , read Douglas Brinkley ’ s The Great Deluge ( www.amazon.com/Great-Deluge-Hurricane-Katrina-Mississippi-ebook/dp/B000GCFX5Y/ref=sr_1_1 ?
dchild=1 & keywords=The+Great+Deluge & qid=1590082177 & s=books & sr=1-1 ) .
Everyone knew that the levies protecting New Orleans and surrounding areas were unable to withstand a storm of Katrina ’ s intensity .
The city was a bowl waiting to fill up with the water @ @ @ @ @ @ @ Orleans and 150 miles of Gulf Coast communities .
Evacuation orders came too late .
There were no steps taken to evacuate those without cars and resources .
The sick and elderly were left in place .
The few steps that were taken to assemble buses , boats , and first responders located the scanty resources in areas that flooded .
The New Orleans Police Department went AWOL .
Some joined in the looting .
FEMA was a total failure .
President George W. Bush and Homeland Security Director Michael Chertoff were not @ @ @ @ @ @ @ their creation of a terrortist hoax that was used to justify 20 years of US bombing and invasions of Middle Eastern and North African countries .
As Bush had deployed Louisiana ’ s National Guard to Iraq , the Louisiana governor had to borrow guardsmen from other states .
The US Coast Guard , Louisiana Wildlife and Fisheries personnel , and private individuals formed the force of first responders .
People from Louisiana and from other states showed up on their own time , their own money , and with their own boats @ @ @ @ @ @ @ many heroic and generous people involved in the rescue .
As most of the rescuers were white southerners and most of the rescued were black , it put the lie to the propagandistic picture of the white southern racist .
For example , Sara Roberts and her husband Buisson , a descendant of Confederate General P.G.T.Beauregard , organized the Cajun Navy .
Sara enlisted clients of her accounting firm who came up with 35 boats and crews to man them .
One of her clients , Ronny Lovett , paid his construction crews @ @ @ @ @ @ @ spent $ 200,000 of his money equipping the boats with food , water , medical supplies , chain saws , life jackets , spotlights , ropes and whatever else could contribute to successful rescues .
It was individual citizens , not the governments in New Orleans , Louisiana , and Washington that rescued many thousands of people who otherwise would have perished .
From its founding day , New Orleans was a man-made disaster waiting to happen .
Dredging , canals , watercourse alterations , pipelines and a variety of other environmental damaging @ @ @ @ @ @ @ wetlands that protected the city and Gulf Coast .
In order to serve private profit , failure was built into the system .
The Great Deluge is an external cost of a political and economic system that puts private profits first .
We are undergoing it again at this moment as areas of Michigan are inundated from floods caused by dam failures .
One of the dams , the Edenville Dam was a long known public safety hazard .
Boyce Hydro , the owner of the dam , repeatedly failed despite the intervention @ @ @ @ @ @ @ .
Not only was Boyce Hydro negligent , but also were the government authorities that permitted the known risk to persist unaddressed .
The lost of life and property from the flooding is an external cost imposed on third parties by Boyce Hydro whose agenda was limited to its profits .
It is as difficult to understand the liberal and progressive belief in government as it is to understand the libertarian belief in the efficacy of the invisible hand that allegedly causes private greed to serve the public ’ s interest .
Humans @ @ @ @ @ @ @ time perspective is short term .
They are always surprised by the unintended consequences of their own thoughtless actions and inactions .
Throughout America , state , local , and federal government epitomize failure .
Trillions of dollars have been poured into weapons systems that can not be used without destroying the United States along with the rest of the world , while dams fail , bridges collapse , communities deteriorate , and homelessness grows .
The government in Washington spends time , effort , and money manufacturing enemies to justify the budget @ @ @ @ @ @ @ and the US economy are offshored , the environment is degraded , and health care needs go unaddressed .
The US rivals third world countries in terms of the percentage of its population that has no savings , no access to health care , and no prospects for advancement in life .
But we can blow up the world several times over and make mindless interventions in the natural environment that multiply the destructive power of storms , heavy rains , and other natural phenomena .
Another election approaches and yet again there @ @ @ @ @ @ @ our country faces or any interest in discussing what to do about them .
America and the Western World in general are simply going to drown in their unaddressed problems just as New Orleans drowned in Hurricane Katrina .

by Paul Craig Roberts via PaulCraigRoberts.org
America Is Drowning in Problems
Paul Craig Roberts
Washington is picking yet another fight with China. On top of the trade war we now have the coronavirus war. China is accused of being responsible for the virus by withholding information about it. Some in Washington want to make China pay for the cost of the virus by reneging on US debt held by China in the form of US Treasuries.
What information about coronavirus is China supposed to have withheld?
That China was doing coronavirus research? How could this information have been withheld when the US State Department knew about it, the N.I.H. was funding it, and US scientists were complaining about the danger?
That coronavirus was ravaging Wuhan? How was this information withheld when it was in the media every day?
The United States and its vassals knew about the virus outbreak in China two months prior to its outbreak in the West and did nothing. Through either inaction or intent, the US, Canada, and Europe imported the virus. The governments refused to stop flights in and out of China and to prevent cruise ships from welcoming passengers from infected areas. Governments did not want to interfere with profits, which came before public health. Absolutely nothing was done. No efforts were made to stockpile protective masks and gear, or to protect nursing homes, or to segregate hospital facilities, or to think outside the box about treatments. The Swedish government was so unprepared that it did not even try to do anything and just let the virus run its course with devastating effects on the elderly. [Note: There is much disinformation about Sweden from those who believe the virus is a plot to impose police state controls, such as claims that Sweden has kept the economy open without paying for it in a higher death rate and is gaining “herd immunity” against Covid-19. These claims are contradicted by news reports. For example: www.marketwatch.com/story/the-world-health-organization-said-lessons-could-be-learned-from-sweden—now-its-daily-deaths-are-soaring-2020-05-21 and www.theguardian.com/world/2020/may/21/just-7-per-cent-of-stockholm-had-covid-19-antibodies-by-end-of-april-study-sweden-coronavirus.]
In an attempt, more or less successful, to reduce the infection rate so that health facilities were not over-burdened, every other country imposed social distancing rules, bans against crowd events, and workplace closures. As little was known about the disease and the Chinese mortality rate was believed to be vastly understated, there was no responsible alternative to the so-called “lockdowns.” It remains to be seen whether the concern for profits has produced a premature reopening that will result in a second wave of rapid infection rates. Many suspect that Big Pharma and Bill Gates want to keep the infection spreading in order to panic us into being vaccinated with an inadequately tested vaccine.
The blame China game is really an effort to cover-up the failure of Western governments to deal with a crisis.
We are primarily funded by readers. Please subscribe and donate to support us!
The failure of governments to deal with crisis is ubiquitous. Just think Katrina, the hurricane that devastated New Orleans and the Gulf Coast. If you don’t remember or are too young to have experienced the 2005 hurricane via TV, read Douglas Brinkley’s The Great Deluge ( www.amazon.com/Great-Deluge-Hurricane-Katrina-Mississippi-ebook/dp/B000GCFX5Y/ref=sr_1_1?dchild=1&keywords=The+Great+Deluge&qid=1590082177&s=books&sr=1-1 ).
Everyone knew that the levies protecting New Orleans and surrounding areas were unable to withstand a storm of Katrina’s intensity. The city was a bowl waiting to fill up with the water that wiped out 80% of New Orleans and 150 miles of Gulf Coast communities. Evacuation orders came too late. There were no steps taken to evacuate those without cars and resources. The sick and elderly were left in place. The few steps that were taken to assemble buses, boats, and first responders located the scanty resources in areas that flooded. The New Orleans Police Department went AWOL. Some joined in the looting. FEMA was a total failure. President George W. Bush and Homeland Security Director Michael Chertoff were not focused on the unfolding tragedy but on their creation of a terrortist hoax that was used to justify 20 years of US bombing and invasions of Middle Eastern and North African countries. As Bush had deployed Louisiana’s National Guard to Iraq, the Louisiana governor had to borrow guardsmen from other states.
The US Coast Guard, Louisiana Wildlife and Fisheries personnel, and private individuals formed the force of first responders. People from Louisiana and from other states showed up on their own time, their own money, and with their own boats and began organizing rescues. There were many heroic and generous people involved in the rescue. As most of the rescuers were white southerners and most of the rescued were black, it put the lie to the propagandistic picture of the white southern racist. For example, Sara Roberts and her husband Buisson, a descendant of Confederate General P.G.T.Beauregard, organized the Cajun Navy. Sara enlisted clients of her accounting firm who came up with 35 boats and crews to man them. One of her clients, Ronny Lovett, paid his construction crews triple wages for their rescue time and spent $200,000 of his money equipping the boats with food, water, medical supplies, chain saws, life jackets, spotlights, ropes and whatever else could contribute to successful rescues. It was individual citizens, not the governments in New Orleans, Louisiana, and Washington that rescued many thousands of people who otherwise would have perished.
From its founding day, New Orleans was a man-made disaster waiting to happen. Dredging, canals, watercourse alterations, pipelines and a variety of other environmental damaging mistakes had over the years destroyed the wetlands that protected the city and Gulf Coast. In order to serve private profit, failure was built into the system. The Great Deluge is an external cost of a political and economic system that puts private profits first.
We are undergoing it again at this moment as areas of Michigan are inundated from floods caused by dam failures. One of the dams, the Edenville Dam was a long known public safety hazard . Boyce Hydro, the owner of the dam, repeatedly failed despite the intervention of regulators to address the known risk. Not only was Boyce Hydro negligent, but also were the government authorities that permitted the known risk to persist unaddressed. The lost of life and property from the flooding is an external cost imposed on third parties by Boyce Hydro whose agenda was limited to its profits.
It is as difficult to understand the liberal and progressive belief in government as it is to understand the libertarian belief in the efficacy of the invisible hand that allegedly causes private greed to serve the public’s interest. Humans are a built-in failure machine. Their time perspective is short term. They are always surprised by the unintended consequences of their own thoughtless actions and inactions.
Throughout America, state, local, and federal government epitomize failure. Trillions of dollars have been poured into weapons systems that cannot be used without destroying the United States along with the rest of the world, while dams fail, bridges collapse, communities deteriorate, and homelessness grows. The government in Washington spends time, effort, and money manufacturing enemies to justify the budget of the military/security complex, while jobs and the US economy are offshored, the environment is degraded, and health care needs go unaddressed. The US rivals third world countries in terms of the percentage of its population that has no savings, no access to health care, and no prospects for advancement in life.
But we can blow up the world several times over and make mindless interventions in the natural environment that multiply the destructive power of storms, heavy rains, and other natural phenomena.
Another election approaches and yet again there is no acknowledgement of the real problems our country faces or any interest in discussing what to do about them. America and the Western World in general are simply going to drown in their unaddressed problems just as New Orleans drowned in Hurricane Katrina.


investmentwatchblog--2020-05-23--Jim Jordan Rips FBI Director Christopher Wray… “Wray doesn’t seem to care”

Katie Pavlich from Townhall reports , During an interview with Fox News host Sean Hannity Monday night , House Oversight @ @ @ @ @ went after FBI Director Christopher Wray for failing to sufficiently hold the Bureau accountable for @ @ @ @ @ campaign and administration .

Katie Pavlich from Townhall reports, During an interview with Fox News host Sean Hannity Monday night, House Oversight Committee Ranking Member Jim Jordan went after FBI Director Christopher Wray for failing to sufficiently hold the Bureau accountable for actions taken against the Trump campaign and administration.
We are primarily funded by readers. Please subscribe and donate to support us!


investmentwatchblog--2020-05-23--Joe Biden says “Im going to beat Joe Biden”, never catches his mistake

This is getting very embarrassing

This is getting very embarrassing
We are primarily funded by readers. Please subscribe and donate to support us!
h/t Citrapop


investmentwatchblog--2020-05-23--WH News Briefing: Kayleigh McEnany Eviscerates Fake Media

Watch feisty Kayleigh McEnany confront dumbfounded fake media for not following-up on breaking explosive news re Obama/Flynn surveillance and unmasking @ @ @ @ @ to summon up a modicum of journalistic integrity to tackle this developing bombshell for homework @

by BostonlovesBernie
We are primarily funded by readers. Please subscribe and donate to support us!
Watch feisty Kayleigh McEnany confront dumbfounded fake media for not following-up on breaking explosive news re Obama/Flynn surveillance and unmasking. She then challenges them to summon up a modicum of journalistic integrity to tackle this developing bombshell for homework!


investmentwatchblog--2020-05-23--U.S. COMMERCE DEPT ADDS TWO DOZEN CHINESE COS. TO ENTITY LIST, TARGETS CHINESE COS. WITH TIES TO MIL

U.S. COMMERCE DEPT ADDS TWO DOZEN CHINESE COS. TO ENTITY LIST , TARGETS CHINESE COS. WITH TIES TO MILITARY ACTS

U.S. COMMERCE DEPT ADDS TWO DOZEN CHINESE COS. TO ENTITY LIST, TARGETS CHINESE COS. WITH TIES TO MILITARY ACTS
— FXHedge (@Fxhedgers) May 22, 2020


investmentwatchblog--2020-05-23--Underreported Story: Hunger Riots are back in Santiago Chile

That ’ s when people revolt — when they are starving .
That ’ s what it takes sometimes .
@ @ @ @

Joyce Karam
@Joyce_Karam
·
28m
Underreported Story: Hunger Riots are back in Santiago #Chile
Country facing steep economic crisis and dealing with Covid-19 spike & lockdown (>61,000 cases):
Underreported Story: Hunger Riots are back in Santiago #Chile Country facing steep economic crisis and dealing with Covid-19 spike & lockdown (>61,000 cases): pic.twitter.com/BuDeqmNJxQ — Joyce Karam (@Joyce_Karam) May 22, 2020
That’s when people revolt — when they are starving.
We are primarily funded by readers. Please subscribe and donate to support us!
That’s what it takes sometimes.
But when they do…
h/t Builder


investmentwatchblog--2020-05-23--Wow… Joe Biden just said that if you’re an African american and don’t vote for him, then “you aint b

Wow… Joe Biden just said that if you’re an African american and don’t vote for him, then “you aint black”

As a black man , I ’ m speechless lol I cant imagine the field day the media would have @ @ @ @ @ like this… .

by Facts-Over-Opinion
We are primarily funded by readers. Please subscribe and donate to support us!
As a black man, I’m speechless lol I cant imagine the field day the media would have if Trump said some shit like this….


investmentwatchblog--2020-05-23--VIDEO: USS Portland Fires Laser Weapon, Downs Drone in First At-Sea Test

Amphibious ship USS Portland ( LPD-27 ) shot down a drone with a laser weapon during a first-of-its-kind at-sea test @ @ @ @ @ high-energy laser weapon system .
The Navy is currently developing and testing a portfolio of @ @ @ @ @ which are more powerful but only suited for ships with greater power-generation capabilities , like @ @ @ @ @ docks ( LPD-17 ) , while others are less powerful but could be fielded on @ @ @ @ @ , including the Arleigh Burke-class destroyer .
In this test , Portland fired its high-power @ @ @ @ @ aerial vehicle while operating off Pearl Harbor , Hawaii , on May 16 , U.S. @ @ @ @ @ news release today .

Amphibious ship USS Portland (LPD-27) shot down a drone with a laser weapon during a first-of-its-kind at-sea test of the Navy’s high-energy laser weapon system.
The Navy is currently developing and testing a portfolio of laser weapons, some of which are more powerful but only suited for ships with greater power-generation capabilities, like the San Antonio-class amphibious transport docks (LPD-17), while others are less powerful but could be fielded on a greater variety of ships, including the Arleigh Burke-class destroyer.
In this test, Portland fired its high-power laser weapon at an unmanned aerial vehicle while operating off Pearl Harbor, Hawaii, on May 16, U.S. Pacific Fleet announced in a news release today.


investmentwatchblog--2020-05-23--How Would Gold Perform In a Second Stock Market Crash?

1929… the 1970s… 2000… 2008… and now 2020 ?
In the biggest stock bear markets over the past nine decades , there was an initial crash… followed by a big bounce… and then a more severe selloff , a “ second leg down ” if you will .
Could it happen again ?
As Mark Twain said , “ history doesn ’ t repeat itself but it often rhymes.
” And some of the world ’ s most successful hedge fund managers are convinced a second drop is coming… • Billionaire David Tepper , considered one of the world ’ @ @ @ @ @ @ @ said last month that “ stocks are the most overvalued I ’ ve seen in my career.
” • Stanley Druckenmiller , whose net worth is $ 4.7 billion , says “ the risk-reward for equities is maybe as bad as I ’ ve seen it in my career.
” • So-called bond king Jeffrey Gundlach says , “ I ’ m certainly in the camp that we are not out of the woods… I think a retest of the low is very plausible.
” He said at the same time that he @ @ @ @ @ @ @ market .
• Billionaire Mark Cuban says “ the stock market is overvalued… it ’ s almost impossible to predict where consumer and corporate demand is going to come from .
And because of that , it ’ s hard to create a valuation for businesses.
” With trillions of stimulus flooding the market , I don ’ t know if we ’ re looking over the cliff at another crash in the stock market or not .
Even Mike Maloney mentioned that stocks could just as easily melt up as they could @ @ @ @ @ @ @ get another leg down , I wanted to know… what happens to gold in the “ crash after the crash ” ?
I examined the four biggest bear markets in US stocks , ones that included a bounce and then a “ second ” leg down , and measured gold ’ s performance during each of those second selloffs .
I had an idea of what I might find , but even I was surprised at the results .
If you own gold I think you will be , too… The stock market @ @ @ @ @ @ @ Depression .
After that initial selloff , stocks bounced over 20 % , but then proceeded to fall an incredible 84.5 % over the next two years .
As most of you know the gold price was fixed during this time , and President Roosevelt nationalized it in 1933 anyway .
But investors could own gold stocks as a proxy .
Gold equities saw huge buy volumes during the Great Depression .
Here ’ s how the largest gold producer in the US at the time , Homestake Mining , performed during the @ @ @ @ @ @ @ Homestake Mining—what some investors bought since they couldn ’ t own gold—ROSE 87.5 % during this period .
You can see it went on to rise much further , but from the beginning of the Dow ’ s second leg down to its eventual bottom , this proxy for gold ownership soared .
The mid-1970s was an ugly period for stock investors .
The S & P 500 fell 20 % in the first seven months of 1973 .
It then bounced 10 % , but reversed into a second decline that lasted @ @ @ @ @ @ @ % drop .
Here ’ s how gold did during that second leg down .
Gold ROSE 52.7 % in that second leg down .
It eventually eased off when stocks started to climb again , but during the dark days of the second crash , it once again soared .
In early 2000 the S & P 500 was toppy and choppy .
It fell as much as 10 % but then gained that and more back .
But that second leg down got ugly , as the S & P fell @ @ @ @ @ @ @ .
Here ’ s how gold did during that second leg down .
The gold price ROSE 15.3 % , while the S & P fell by almost half .
Keep in mind this was during the “ tech wreck ” when the Nasdaq fell 66 % .
You could talk me into starting the “ second ” leg down later , and if so the S & P ’ s loss would ’ ve been lower , but the gain in gold would ’ ve been higher .
Either way , the @ @ @ @ @ @ @ again rose during the second leg down for the broad stock market .
We all remember the Great Financial Crisis that started in 2008 .
Stocks starting falling in late 2007 , the S & P dropping 16 % in five months .
It bounced about 10 % , then began a second leg down and fell 52.5 % over the next 10 months .
Here ’ s how gold performed during that second ugly downdraft .
The gold price ROSE 5 % .
That ’ s not as much as the prior @ @ @ @ @ @ @ during the period when stocks lost over half their value .
So , what do we conclude from this ?
Gold Has Risen in Major Second Down Legs In the stock market ’ s four worst bear markets , ones that included a major second leg down , the gold price has risen every time .
It may suffer in the initial crash that kick-starts a bear market , but in these worst cases the demand for gold—and the price—surged when stocks started a second leg down .
Is that what gold will @ @ @ @ @ @ @ History is on our side , but whatever is ahead it ’ s reassuring to know that gold doesn ’ t follow stocks , and instead does what it ’ s done for centuries : serve as a hedge , as a store of wealth , and as the strongest form of money mankind has ever had .

by Jeff Clark, Senior Analyst, GoldSilver.com
1929… the 1970s… 2000… 2008… and now 2020?
In the biggest stock bear markets over the past nine decades, there was an initial crash… followed by a big bounce… and then a more severe selloff, a “second leg down” if you will.
Could it happen again?
As Mark Twain said, “history doesn’t repeat itself but it often rhymes.”
And some of the world’s most successful hedge fund managers are convinced a second drop is coming…
Billionaire David Tepper, considered one of the world’s most successful hedge fund managers, said last month that “stocks are the most overvalued I’ve seen in my career.”
Stanley Druckenmiller, whose net worth is $4.7 billion, says “the risk-reward for equities is maybe as bad as I’ve seen it in my career.”
So-called bond king Jeffrey Gundlach says, “I’m certainly in the camp that we are not out of the woods… I think a retest of the low is very plausible.” He said at the same time that he initiated a short position against the stock market.
Billionaire Mark Cuban says “the stock market is overvalued… it’s almost impossible to predict where consumer and corporate demand is going to come from. And because of that, it’s hard to create a valuation for businesses.”
With trillions of stimulus flooding the market, I don’t know if we’re looking over the cliff at another crash in the stock market or not. Even Mike Maloney mentioned that stocks could just as easily melt up as they could melt down.
But if we do get another leg down, I wanted to know… what happens to gold in the “crash after the crash”?
Gold in Second-Leg Crashes
I examined the four biggest bear markets in US stocks, ones that included a bounce and then a “second” leg down, and measured gold’s performance during each of those second selloffs. I had an idea of what I might find, but even I was surprised at the results. If you own gold I think you will be, too…
1929 – 1933
The stock market crash of 1929 kicked off the Great Depression. After that initial selloff, stocks bounced over 20%, but then proceeded to fall an incredible 84.5% over the next two years.
As most of you know the gold price was fixed during this time, and President Roosevelt nationalized it in 1933 anyway. But investors could own gold stocks as a proxy. Gold equities saw huge buy volumes during the Great Depression.
Here’s how the largest gold producer in the US at the time, Homestake Mining, performed during the Dow’s second leg down.
Homestake Mining—what some investors bought since they couldn’t own gold—ROSE 87.5% during this period. You can see it went on to rise much further, but from the beginning of the Dow’s second leg down to its eventual bottom, this proxy for gold ownership soared.
1973 – 1975
The mid-1970s was an ugly period for stock investors. The S&P 500 fell 20% in the first seven months of 1973. It then bounced 10%, but reversed into a second decline that lasted a year and resulted in a 44.1% drop.
We are primarily funded by readers. Please subscribe and donate to support us!
Here’s how gold did during that second leg down.
Gold ROSE 52.7% in that second leg down. It eventually eased off when stocks started to climb again, but during the dark days of the second crash, it once again soared.
2000 – 2002
In early 2000 the S&P 500 was toppy and choppy. It fell as much as 10% but then gained that and more back. But that second leg down got ugly, as the S&P fell 48.9% over the next two years.
Here’s how gold did during that second leg down.
The gold price ROSE 15.3%, while the S&P fell by almost half.
Keep in mind this was during the “tech wreck” when the Nasdaq fell 66%.
You could talk me into starting the “second” leg down later, and if so the S&P’s loss would’ve been lower, but the gain in gold would’ve been higher.
Either way, the message is the same: gold once again rose during the second leg down for the broad stock market.
2007 – 2009
We all remember the Great Financial Crisis that started in 2008. Stocks starting falling in late 2007, the S&P dropping 16% in five months. It bounced about 10%, then began a second leg down and fell 52.5% over the next 10 months.
Here’s how gold performed during that second ugly downdraft.
The gold price ROSE 5%. That’s not as much as the prior ones, but it logged a gain during the period when stocks lost over half their value.
So, what do we conclude from this?
Gold Has Risen in Major Second Down Legs
In the stock market’s four worst bear markets, ones that included a major second leg down, the gold price has risen every time. It may suffer in the initial crash that kick-starts a bear market, but in these worst cases the demand for gold—and the price—surged when stocks started a second leg down.
Is that what gold will do if stocks crash again today? History is on our side, but whatever is ahead it’s reassuring to know that gold doesn’t follow stocks, and instead does what it’s done for centuries: serve as a hedge, as a store of wealth, and as the strongest form of money mankind has ever had.


investmentwatchblog--2020-05-23--6 Scary Charts About The Economic Collapse 2020: Be Prepared!

We are well aware that the current health crisis was a major catalyst for an unprecedented economic collapse that is only increasing each day it goes by .
However , this massive economic meltdown was expected to happen way before this situation had hit American soil , and long before the lockdown had started .
Even though the stock market stands by the belief that this is a short-lived misfortune – while relying on the Fed ’ s constant liquidity injections – in the following charts that we are going to present to you , it is possible to see @ @ @ @ @ @ @ so far .
To start , this first chart displays how the employment-population ratio had hit its lowest record ever documented since this data started to be registered , in 1948 .
Last month , it marked a sharp drop of 51.3 % , making the US dependant on the smallest percentage of its population ever reported .
This is the percentage of workers who are currently carrying the whole American economy on their backs , because , with over 35 million people out of their job posts , America is now facing @ @ @ @ @ @ @ .
Many analysts have been firmly affirming that these numbers will keep climbing until , at least , mid-June , due to the lack of results on the governmental measures to prevent the spread of this infectious disease , leading to a prolonged status of lockdown , and resulting in many businesses shutting their activities down to avoid further contamination and potential lawsuits .
Also , in the second chart we can observe how unemployment benefits as a percentage of total individual income haven ’ t been enough to reduce the economic collapse @ @ @ @ @ @ @ sanitary outbreak .
These benefits are supposed to act as a safety net to ease the economic pain suffered by workers when they are out of a job .
The recent data had shown that the American citizens are receiving much less help than they did during the mid-1970s crisis or even the Great Recession of 2008-09 .
Even considering that jobless rates back then were much lower than the current ones .
Although April benefit numbers were not disclosed just yet , this prospect isn ’ t likely to be changed and @ @ @ @ @ @ @ all the help they need at any time soon .
Which takes us to chart number three .
Here we can see a relation of how often a dollar is spent to buy goods and services per unit of time , a standard traditionally known as Velocity of Money .
The lower the rate , the higher the economic fragility , taking into account that this measure represents the transactions that occur between individuals , and as we have just seen on the previous chart , these operations are decreasing as unemployment rates @ @ @ @ @ @ @ in our videos , if a properly developed policy isn ’ t issued to prevent further crashes , these factors are going to interfere with one another and create larger chaos .
Meaning that if workers don ’ t come back to the job market and earn paychecks soon , and without enough consumers to keep the economy going , companies will lay off even more workers , so the number of consumers will decrease even more .
Though this decline has been happening for many years , with a slight recovery in @ @ @ @ @ @ @ this indicator is likely to deal with a deeper fall , as GDP plunges and colossal infusions of monetary and fiscal help continue to inflate the system , proving that a lot more money is needed to actually have a stimulative effect , additionally , determining that the ongoing money printing policy isn ’ t sufficient to put the economy back on its feet .
Correspondingly , the fourth chart presents how central bank assets are being used in an attempt to boost the economy .
The Federal Reserve has been manipulating its @ @ @ @ @ @ @ way since the Great Recession , but its efforts to unwind this monetary policy have not been successful , doubling its numbers instead of averting a liquidity crisis .
For more economic collapse news visit our website : www.epiceconomist.com Most of artwork that are included with these videos have been created by Epic Economist and they are used as a representation of the subject matter .
The representative artwork included with these videos shall not be construed as the actual events that are taking place .

We are well aware that the current health crisis was a major catalyst for an unprecedented economic collapse that is only increasing each day it goes by.
However, this massive economic meltdown was expected to happen way before this situation had hit American soil, and long before the lockdown had started. Even though the stock market stands by the belief that this is a short-lived misfortune – while relying on the Fed’s constant liquidity injections – in the following charts that we are going to present to you, it is possible to see how brutally the economy has been affected so far.
To start, this first chart displays how the employment-population ratio had hit its lowest record ever documented since this data started to be registered, in 1948. Last month, it marked a sharp drop of 51.3%, making the US dependant on the smallest percentage of its population ever reported. This is the percentage of workers who are currently carrying the whole American economy on their backs, because, with over 35 million people out of their job posts, America is now facing its highest unemployment rate of all times.
Many analysts have been firmly affirming that these numbers will keep climbing until, at least, mid-June, due to the lack of results on the governmental measures to prevent the spread of this infectious disease, leading to a prolonged status of lockdown, and resulting in many businesses shutting their activities down to avoid further contamination and potential lawsuits.
Also, in the second chart we can observe how unemployment benefits as a percentage of total individual income haven’t been enough to reduce the economic collapse caused to workers in consequence of the sanitary outbreak. These benefits are supposed to act as a safety net to ease the economic pain suffered by workers when they are out of a job.
The recent data had shown that the American citizens are receiving much less help than they did during the mid-1970s crisis or even the Great Recession of 2008-09. Even considering that jobless rates back then were much lower than the current ones. Although April benefit numbers were not disclosed just yet, this prospect isn’t likely to be changed and workers still won’t be receiving all the help they need at any time soon.
Which takes us to chart number three. Here we can see a relation of how often a dollar is spent to buy goods and services per unit of time, a standard traditionally known as Velocity of Money. The lower the rate, the higher the economic fragility, taking into account that this measure represents the transactions that occur between individuals, and as we have just seen on the previous chart, these operations are decreasing as unemployment rates are soaring.
As we previously addressed in our videos, if a properly developed policy isn’t issued to prevent further crashes, these factors are going to interfere with one another and create larger chaos. Meaning that if workers don’t come back to the job market and earn paychecks soon, and without enough consumers to keep the economy going, companies will lay off even more workers, so the number of consumers will decrease even more.
Though this decline has been happening for many years, with a slight recovery in 2017, at the present time, this indicator is likely to deal with a deeper fall, as GDP plunges and colossal infusions of monetary and fiscal help continue to inflate the system, proving that a lot more money is needed to actually have a stimulative effect, additionally, determining that the ongoing money printing policy isn’t sufficient to put the economy back on its feet.
Correspondingly, the fourth chart presents how central bank assets are being used in an attempt to boost the economy. The Federal Reserve has been manipulating its balance sheet in an “unconventional” way since the Great Recession, but its efforts to unwind this monetary policy have not been successful, doubling its numbers instead of averting a liquidity crisis.
We are primarily funded by readers. Please subscribe and donate to support us!
For more economic collapse news visit our website: www.epiceconomist.com
Most of artwork that are included with these videos have been created by Epic Economist and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place.


investmentwatchblog--2020-05-23--Doug Casey on the Economic Outcomes of the Coronavirus

Editor ’ s note : Last week , our founder , Doug Casey , shared why he believes the coronavirus is a “ manufactured scam ” … and how the feds will use it to avoid blame for the coming Greater Depression .
Today , as promised , we ’ re sharing part two of this Conversations With Casey .
Read on below to hear Doug ’ s thoughts on the true consequences of this pandemic… and what he considers the only solution that could restore some normalcy .
Daily Dispatch : Doug , what will be the true economic @ @ @ @ @ @ @ especially does it mean for the people within the economy ?
Doug Casey : Well look , first of all , there ’ s less real wealth being created across the board because nobody is working .
And a lot of real wealth is actually being destroyed , with farmers breaking eggs , slaughtering livestock , and plowing under vegetables .
Mines and factories are shut down .
It ’ s supposed to be a consumer service economy , but services have been hit even worse .
Real wealth is not being created @ @ @ @ @ @ @ destroyed .
That ’ s going to reduce the amount of real wealth in the world at the same time as the amount of purchasing media ( money in circulation ) goes up .
So this is going to be inflationary in the longer run .
But it could turn into a deflation , if there are too many bankruptcies , bond defaults , a stock market collapse , and the like .
But the State fears a deflation and will fight it at all costs by printing money .
At the same @ @ @ @ @ @ @ effects in different parts of the economy .
Let ’ s say that people , since they ’ re now poorer , can ’ t afford to eat as much beef ; there will be less demand for beef .
But they still have to eat .
What are they going to eat ?
Maybe they ’ ll buy more rice and beans .
So during a boom , the price of beef goes up , and the price of rice and beans goes down .
During a bust , the exact opposite @ @ @ @ @ @ @ example .
There are similar things across the economy where that ’ s happening .
In the end , however , the Greater Depression will be highly inflationary , because the amount of purchasing media is going way , way up .
Retail prices are bound to reflect that because there ’ s less real wealth for that money to chase after .
Unlike in 2008 , not all that money will go into the stock market this time .
A lot will filter down to the retail level .
You ’ ve @ @ @ @ @ @ @ , the U.S. had what it called “ bad inflation , ” where retail prices went up and financial asset prices went down .
We ’ ve had “ good inflation ” for the last 20 years , where financial prices went up and retail prices were comparatively level .
I think we ’ re going to go back to “ bad ” inflation , with retail prices going way up .
But the key is that the average guy ’ s standard of living is going down a lot .
The natives @ @ @ @ @ @ @ ’ re going to get especially restless because they see the government as a cornucopia .
But the government ’ s bankrupt .
All they can do is print up money .
Let ’ s see , rough numbers – $ 2.2 trillion divided by 300 million Americans equals about $ 7,500 for every man , woman , and child .
It ’ s going to be like Argentina .
Except here , the corporations get almost all that money .
Hmm… strike that , it ’ s also what happens in Argentina @ @ @ @ @ @ @ elite everywhere .
Daily Dispatch : I see .
On that subject , and maybe this is an impossible question to answer , but is it easier for the State to print money and create inflation today than it was 30 , 50 , or 100 years ago ?
And does the way that people use money today have any effect on that ?
For instance , 100 years ago , people used physical money .
They had notes or coins , and so they could see the devaluation of it .
But @ @ @ @ @ @ @ .
It ’ s harder to see the devaluation of money .
Doug Casey : Sure .
It ’ s going to be much easier for them to destroy the currency now .
In those days , most people didn ’ t even have a bank account , and everybody used actual gold and silver for money .
That ’ s one reason the State wants to move to an entirely digital currency .
Perhaps they ’ ll give everyone a free smart phone to access it .
Absolutely everybody will have a @ @ @ @ @ @ @ will be in complete control .
Traditional cash is on its way out .
Quite amazing really .
The government will know what ’ s bought , what ’ s sold , and what you own .
They ’ ll be able to debit and credit your account just by a computer stroke .
A phone will amount to an ankle bracelet , the kind they give to prisoners .
The trend is very much in motion .
The world is coming to resemble a dystopian sci-fi novel much more than even a @ @ @ @ @ @ @ In that case , could you see U.S. or Western governments doing something similar to what India did a couple of years ago ?
The Indian government just cancelled a whole bunch of their notes .
If people held them after the cut-off date , they were worthless .
Doug Casey : Yes , the Modi government in India got rid of most of the currency , impoverishing tens of millions of savers , and they got away with it .
The Indians are so slavish that somebody with his life savings in @ @ @ @ @ @ @ of a sudden , and there ’ s not a whimper .
They should have rioted , burned down all the government buildings , and crucified the people in them .
But not a peep of protest .
Americans are better .
But not by much .
Because most of the poor in India don ’ t have bank accounts , they were the ones who suffered the most .
But they ’ re so used to being treated like stray dogs there wasn ’ t a revolution .
I guess it will @ @ @ @ @ @ @ too .
The spirit of the 21st century , its zeitgeist , is strangely placid , docile , and sheep-like .
Everywhere .
Daily Dispatch : And what about the chances of another gold confiscation ?
Is that possible , or do you think gold is so irrelevant to most people now that they wouldn ’ t even bother , that it ’ s a waste of time ?
So few people actually own gold .
There would be no point in confiscating it .
Doug Casey : That ’ s a good @ @ @ @ @ @ @ can happen today .
Current events resemble science fiction .
You can make up any scenario .
It ’ s all possible .
Who guessed every city in the world would look post-apocalyptic , even a few months ago ?
The idea has been floated of a guaranteed annual income that everybody gets , just for existing .
I ’ ve discussed that before .
It ’ s a criminal idea , as well as a total catastrophe .
But probably another thing that ’ s going to come out of this .
@ @ @ @ @ @ @ that the income tax should be abolished – which is a very good idea , incidentally , although not for the reasons they propose .
They ’ re thinking of doing so with Modern Monetary Theory .
“ Why not just print the money ?
” It makes a kind of sense , actually , because the amount that ’ s being created now totally overwhelms the income tax receipts anyway .
Right now , the lid is still on the pressure cooker , because the economy is locked down .
The question @ @ @ @ @ @ @ to be like when the lid comes off , and people can go out , wander around , and drive around ?
And they don ’ t have jobs ?
Their jobs have disappeared , their business is out of business , and a lot of those jobs and businesses just aren ’ t coming back .
However , their credit card debt , student loan debt , mortgage debt , and their rent payments still exist .
Those won ’ t go away .
The debt will eventually , as the dollar @ @ @ @ @ @ @ destroy someone else ’ s asset when you destroy a debtor ’ s liability .
That ’ s very serious .
The stuff of class warfare .
This is a real conundrum .
How do you get out of this ?
Well , as I said before , you have to abolish government agencies , cut government spending and taxes by 50 % to start , bring the troops home , abolish the Fed , etc.
, etc .
But that ’ s the last thing that ’ s going to happen .
@ @ @ @ @ @ @ afraid that the only thing that ’ ll work is the only thing that ’ s absolutely not going to happen .
Daily Dispatch : That ’ s right .
But they will eventually want people to go back to work .
So does that mean it ’ s vaccines all round ?
Doug Casey : Possibly .
In fact , probably .
It appears that something like 60 % of the U.S. population wants the lockdown to continue until they can be assured the virus is gone .
And that means they @ @ @ @ @ @ @ a vaccine .
But it ’ s even worse than that .
When the vaccine comes out , because of what a disaster this has all been , they ’ ll undoubtedly make it obligatory .
I have no desire to take their goofy and unnecessary vaccine .
Besides , the knock-on effects of this hysteria are just going to be catastrophic .
We ’ re already seeing the next stages of the “ surveillance state.
” Police forces are testing drones that can scan for people ’ s temperature at a distance @ @ @ @ @ @ @ compulsory blood tests before people could get on flights to leave the country .
So , again , anything ’ s possible .
When this is all done , you ’ ll end up having to carry a certificate , or an embedded chip , if you want to go anywhere , to show that you ’ ve had the vaccine .
If you don ’ t show it , they won ’ t let you fly .
That ’ s the way things are going .
Anyway , I ’ ll sign @ @ @ @ @ @ @ did the last one .
I ’ m not going to say anything stupid and unnecessary like “ stay safe.
” I ’ m sick of people whimpering “ stay safe ” while they huddle , sheltering in place like whipped dogs , doing as they ’ re told during this hysteria .
But do have a good day .
Daily Dispatch : Thank you , Doug .
You too .

Via Casey Research
Editor’s note: Last week, our founder, Doug Casey, shared why he believes the coronavirus is a “manufactured scam”… and how the feds will use it to avoid blame for the coming Greater Depression.
Today, as promised, we’re sharing part two of this Conversations With Casey. Read on below to hear Doug’s thoughts on the true consequences of this pandemic… and what he considers the only solution that could restore some normalcy.
Daily Dispatch: Doug, what will be the true economic outcome from the pandemic? And what especially does it mean for the people within the economy?
Doug Casey: Well look, first of all, there’s less real wealth being created across the board because nobody is working. And a lot of real wealth is actually being destroyed, with farmers breaking eggs, slaughtering livestock, and plowing under vegetables. Mines and factories are shut down. It’s supposed to be a consumer service economy, but services have been hit even worse.
Real wealth is not being created and lots of wealth is being actively destroyed.
That’s going to reduce the amount of real wealth in the world at the same time as the amount of purchasing media (money in circulation) goes up. So this is going to be inflationary in the longer run. But it could turn into a deflation, if there are too many bankruptcies, bond defaults, a stock market collapse, and the like. But the State fears a deflation and will fight it at all costs by printing money.
At the same time, we’ll see different effects in different parts of the economy.
Let’s say that people, since they’re now poorer, can’t afford to eat as much beef; there will be less demand for beef. But they still have to eat. What are they going to eat? Maybe they’ll buy more rice and beans. So during a boom, the price of beef goes up, and the price of rice and beans goes down. During a bust, the exact opposite happens.
That’s just one example. There are similar things across the economy where that’s happening. In the end, however, the Greater Depression will be highly inflationary, because the amount of purchasing media is going way, way up. Retail prices are bound to reflect that because there’s less real wealth for that money to chase after.
Unlike in 2008, not all that money will go into the stock market this time. A lot will filter down to the retail level. You’ve got to remember that during the 1970s, the U.S. had what it called “bad inflation,” where retail prices went up and financial asset prices went down.
We’ve had “good inflation” for the last 20 years, where financial prices went up and retail prices were comparatively level. I think we’re going to go back to “bad” inflation, with retail prices going way up. But the key is that the average guy’s standard of living is going down a lot. The natives are going to get restless.
They’re going to get especially restless because they see the government as a cornucopia. But the government’s bankrupt. All they can do is print up money. Let’s see, rough numbers – $2.2 trillion divided by 300 million Americans equals about $7,500 for every man, woman, and child. It’s going to be like Argentina. Except here, the corporations get almost all that money. Hmm… strike that, it’s also what happens in Argentina. Fascism is wonderful for the ruling elite everywhere.
Daily Dispatch: I see. On that subject, and maybe this is an impossible question to answer, but is it easier for the State to print money and create inflation today than it was 30, 50, or 100 years ago? And does the way that people use money today have any effect on that? For instance, 100 years ago, people used physical money. They had notes or coins, and so they could see the devaluation of it. But now people just use cards to pay. It’s harder to see the devaluation of money.
Doug Casey: Sure. It’s going to be much easier for them to destroy the currency now. In those days, most people didn’t even have a bank account, and everybody used actual gold and silver for money. That’s one reason the State wants to move to an entirely digital currency. Perhaps they’ll give everyone a free smart phone to access it. Absolutely everybody will have a digital currency account number. The government will be in complete control. Traditional cash is on its way out. Quite amazing really.
The government will know what’s bought, what’s sold, and what you own. They’ll be able to debit and credit your account just by a computer stroke. A phone will amount to an ankle bracelet, the kind they give to prisoners.
The trend is very much in motion. The world is coming to resemble a dystopian sci-fi novel much more than even a bizarre conspiracy theory.
Daily Dispatch: In that case, could you see U.S. or Western governments doing something similar to what India did a couple of years ago? The Indian government just cancelled a whole bunch of their notes. If people held them after the cut-off date, they were worthless.
We are primarily funded by readers. Please subscribe and donate to support us!
Doug Casey: Yes, the Modi government in India got rid of most of the currency, impoverishing tens of millions of savers, and they got away with it. The Indians are so slavish that somebody with his life savings in rupee notes could be wiped out all of a sudden, and there’s not a whimper. They should have rioted, burned down all the government buildings, and crucified the people in them. But not a peep of protest. Americans are better. But not by much.
Because most of the poor in India don’t have bank accounts, they were the ones who suffered the most. But they’re so used to being treated like stray dogs there wasn’t a revolution. I guess it will be like that in the U.S., too. The spirit of the 21st century, its zeitgeist, is strangely placid, docile, and sheep-like. Everywhere.
Daily Dispatch: And what about the chances of another gold confiscation? Is that possible, or do you think gold is so irrelevant to most people now that they wouldn’t even bother, that it’s a waste of time? So few people actually own gold. There would be no point in confiscating it.
Doug Casey: That’s a good question. I’d say anything can happen today. Current events resemble science fiction. You can make up any scenario. It’s all possible. Who guessed every city in the world would look post-apocalyptic, even a few months ago?
The idea has been floated of a guaranteed annual income that everybody gets, just for existing. I’ve discussed that before. It’s a criminal idea, as well as a total catastrophe. But probably another thing that’s going to come out of this.
I’ve actually heard it proposed that the income tax should be abolished – which is a very good idea, incidentally, although not for the reasons they propose. They’re thinking of doing so with Modern Monetary Theory. “Why not just print the money?” It makes a kind of sense, actually, because the amount that’s being created now totally overwhelms the income tax receipts anyway.
Right now, the lid is still on the pressure cooker, because the economy is locked down. The question is, what’s it going to be like when the lid comes off, and people can go out, wander around, and drive around? And they don’t have jobs? Their jobs have disappeared, their business is out of business, and a lot of those jobs and businesses just aren’t coming back.
However, their credit card debt, student loan debt, mortgage debt, and their rent payments still exist. Those won’t go away. The debt will eventually, as the dollar is destroyed. But then you just destroy someone else’s asset when you destroy a debtor’s liability. That’s very serious. The stuff of class warfare.
This is a real conundrum. How do you get out of this? Well, as I said before, you have to abolish government agencies, cut government spending and taxes by 50% to start, bring the troops home, abolish the Fed, etc., etc. But that’s the last thing that’s going to happen. Forget about that.
I’m afraid that the only thing that’ll work is the only thing that’s absolutely not going to happen.
Daily Dispatch: That’s right. But they will eventually want people to go back to work. So does that mean it’s vaccines all round?
Doug Casey: Possibly. In fact, probably. It appears that something like 60% of the U.S. population wants the lockdown to continue until they can be assured the virus is gone. And that means they want to wait until the government approves a vaccine.
But it’s even worse than that. When the vaccine comes out, because of what a disaster this has all been, they’ll undoubtedly make it obligatory. I have no desire to take their goofy and unnecessary vaccine. Besides, the knock-on effects of this hysteria are just going to be catastrophic.
We’re already seeing the next stages of the “surveillance state.” Police forces are testing drones that can scan for people’s temperature at a distance. In Dubai, they were doing compulsory blood tests before people could get on flights to leave the country.
So, again, anything’s possible. When this is all done, you’ll end up having to carry a certificate, or an embedded chip, if you want to go anywhere, to show that you’ve had the vaccine. If you don’t show it, they won’t let you fly. That’s the way things are going.
Anyway, I’ll sign off this interview the same way I did the last one. I’m not going to say anything stupid and unnecessary like “stay safe.” I’m sick of people whimpering “stay safe” while they huddle, sheltering in place like whipped dogs, doing as they’re told during this hysteria.
But do have a good day.
Daily Dispatch: Thank you, Doug. You too.


investmentwatchblog--2020-05-23--China cracks down on Hong Kong and threatens Taiwan

China has moved to enact a law designed to limit Hong Kong ’ s autonomy , and recent reports suggested @ @ @ @ @ similar move with Taiwan .
One America ’ s Jack Posobiec has an update from @ @

China has moved to enact a law designed to limit Hong Kong’s autonomy, and recent reports suggested it may be pursuing a similar move with Taiwan. One America’s Jack Posobiec has an update from Washington.
We are primarily funded by readers. Please subscribe and donate to support us!


investmentwatchblog--2020-05-23--Recovery isn’t immunity | You might get COVID-19 a second time – study

Milder forms of COVID-19 may not protect you from reinfection as previously thought .
That ’ s the finding by @ @ @ @ @ which revealed that almost half of victims have extremely low levels of neutralizing antibodies .

Milder forms of COVID-19 may not protect you from reinfection as previously thought. That’s the finding by a new Spanish study, which revealed that almost half of victims have extremely low levels of neutralizing antibodies.
We are primarily funded by readers. Please subscribe and donate to support us!


investmentwatchblog--2020-05-23--China and South Korea have had protocolos in place for months that patients who tested positive for

China and South Korea have had protocolos in place for months that patients who tested positive for Covid-19 are given HydroxyChloroquine

South Korea has been using HydroxyChloroquine since February in their treatment protocols m.koreabiomed.com/news/articleView.html ?
idxno=7428 China has had a HydroxyChloroquine @ @ @ @ @ web.archive.org/32075365-expert-consensus-on-chloroquine-phosphate-for-the-treatment-of-novel-coronavirus-pneumonia/ We have known since 2005 that Chloroquine is a potent inhibitor of SARS coronavirus @ @ @ @ @ utm_source=share & utm_medium=ios_app Chloroquine works by opening up the pathway to allow in more Zinc @ @ @ @ @ Arterivirus RNA Polymerase Activity In Vitro and Zinc Ionophores Block the Replication of These Viruses @ @ @ @ @ id=10.1371/journal.ppat.1001176

by Playaguy
South Korea has been using HydroxyChloroquine since February in their treatment protocols m.koreabiomed.com/news/articleView.html?idxno=7428
China has had a HydroxyChloroquine protocol since at least February web.archive.org/32075365-expert-consensus-on-chloroquine-phosphate-for-the-treatment-of-novel-coronavirus-pneumonia/
How it works:
We are primarily funded by readers. Please subscribe and donate to support us!
We have known since 2005 that Chloroquine is a potent inhibitor of SARS coronavirus infection and spread www.ncbi.nlm.nih.gov/pmc/articles/PMC1232869/?utm_source=share&utm_medium=ios_app
Chloroquine works by opening up the pathway to allow in more Zinc.
Zinc Inhibits Coronavirus and Arterivirus RNA Polymerase Activity In Vitro and Zinc Ionophores Block the Replication of These Viruses in Cell Culture journals.plos.org/plospathogens/article?id=10.1371/journal.ppat.1001176
Chloroquine Is a Zinc Ionophore. journals.plos.org/plosone/article?id=10.1371/journal.pone.0109180


investmentwatchblog--2020-05-23--The Only Reason They Are Relaxing Lock-down Requirements is Because They Would Be Unenforceable In T

The Only Reason They Are Relaxing Lock-down Requirements is Because They Would Be Unenforceable In The Summertime.

I once read a book that said “ never give an order that will be disobeyed ” as the key to remaining in power .
With all this stuff going on about the coronavirus , it didn ’ t take long for me to wonder… “ how are they going to enforce this in the summer time ” .
It ’ s one thing to keep people bottled up when the weather is not all that inviting .
But when the weather get ’ s warm , then hot , and you think people are going to stay cramped up @ @ @ @ @ @ @ that people would start bucking as the weather get ’ s warmer .
They only had two options .
Try to be uphold this nonsense and deal with riots and insubordination all over the country or appear lenient and allow gatherings EVEN THOUGH that contradicts the peril of the disaster they ’ ve been feeding us for months .
And guess what .
They lessened restrictions because they had to .
Why ?
Because people were going to violate this rule no matter what .
And when they did…and nothing happened- no mass @ @ @ @ @ @ @ are they going to say ?
This is why they came out with the term “ pandemic 1 ” .
Because they know they can ’ t hold up the lie .
They ’ re going to keep pushing this every year- on and off- until they get to stick you with whatever the hell ’ s in those vaccines and they get to place their social tracking technology as mandatory .
But people have bought into this and no doubt there ’ s a thousand government and corporate bots on the internet @ @ @ @ @ @ @ attacking differing opinions .
Like when did anti-vaxxers become a thing you criticize ?
I was reading a reddit article on things that turn you off on a first date and a number of replies said “ anyone who proposes anti-vaxx ” .
Like please , people , that ’ s not an original thought .
That ’ s programming .

by makmugens
I once read a book that said “never give an order that will be disobeyed” as the key to remaining in power.
With all this stuff going on about the coronavirus, it didn’t take long for me to wonder… “how are they going to enforce this in the summer time”. It’s one thing to keep people bottled up when the weather is not all that inviting. But when the weather get’s warm, then hot, and you think people are going to stay cramped up in their houses. I already predicted that people would start bucking as the weather get’s warmer. They only had two options. Try to be uphold this nonsense and deal with riots and insubordination all over the country or appear lenient and allow gatherings EVEN THOUGH that contradicts the peril of the disaster they’ve been feeding us for months.
We are primarily funded by readers. Please subscribe and donate to support us!
And guess what. They lessened restrictions because they had to. Why? Because people were going to violate this rule no matter what. And when they did…and nothing happened- no mass death due to irresponsible socializing- then what are they going to say?
This is why they came out with the term “pandemic 1”. Because they know they can’t hold up the lie. They’re going to keep pushing this every year- on and off- until they get to stick you with whatever the hell’s in those vaccines and they get to place their social tracking technology as mandatory.
But people have bought into this and no doubt there’s a thousand government and corporate bots on the internet fanning the flames by promoting it and attacking differing opinions. Like when did anti-vaxxers become a thing you criticize? I was reading a reddit article on things that turn you off on a first date and a number of replies said “anyone who proposes anti-vaxx”. Like please, people, that’s not an original thought. That’s programming.