investmentwatchblog--2020-09-22--JOE BIDEN: “I LOST THAT LINE.”

JOE BIDEN: “I LOST THAT LINE.”

As Stephen Miller asks , “ Why am I going to a youtube channel to see this and not a @ @ @ @ @ reporters at news outlets ?
( Hint : this is why you lost your audience @ @ @ @ @ .
Journalists killed journalism , not Facebook ) .
” Earlier : Oops : Did @ @ @ @ @ His Super-Secret Teleprompter For ‘ Spontaneous ’ Interviews Months Ago ?

As Stephen Miller asks, “Why am I going to a youtube channel to see this and not a major news network or paid reporters at news outlets? (Hint: this is why you lost your audience to YouTube and Facebook guys. Journalists killed journalism, not Facebook).”
Earlier: Oops: Did Joe Biden Accidentally Show Us His Super-Secret Teleprompter For ‘Spontaneous’ Interviews Months Ago?
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h/t Ed


investmentwatchblog--2020-09-22--UPDATE: Explosion in southern Lebanon was at Hezbollah arms depot, caused by technical error, securi

UPDATE: Explosion in southern Lebanon was at Hezbollah arms depot, caused by technical error, security source says

# UPDATE : Explosion in southern Lebanon was at Hezbollah arms depot , caused by technical error , security source @ @ @ @ @ a long time it ’ s been reported Hezbollah stores it ’ s long-range missiles @ @ @ @ @ Jezzine .
This is in that area .
t.co/Zd34bEWOKa

#UPDATE : Explosion in southern Lebanon was at Hezbollah arms depot, caused by technical error, security source says – @Reuters
For a long time it’s been reported Hezbollah stores it’s long-range missiles in the hills south of Jezzine. This is in that area. t.co/Zd34bEWOKa
— ELINT News (@ELINTNews) September 22, 2020


investmentwatchblog--2020-09-22--“Supreme Court clerks see $400G bonuses from elite law firms” Not a lawyer, but that sounds corrupt

“Supreme Court clerks see $400G bonuses from elite law firms” Not a lawyer, but that sounds corrupt or like putting a thumb on Lady Justice’s scale.

Big law firms regularly pay signing bonuses worth as much as $ 400,000 to former Supreme Court clerks — nearly @ @ @ @ @ justice earns .
According to a new study in Political Research Quarterly , inside information @ @ @ @ @ with their former bosses may figure into the size of the signing bonus .
Former @ @ @ @ @ just a few years out of law school .
The study found that justices are @ @ @ @ @ to vote for their former clerks , and 14 percentage points more likely to vote @ @ @ @ @ for an attorney who clerked for another one of their colleagues .

Big law firms regularly pay signing bonuses worth as much as $400,000 to former Supreme Court clerks — nearly double the salary that each justice earns.
According to a new study in Political Research Quarterly, inside information and influence that clerks have with their former bosses may figure into the size of the signing bonus. Former clerks are typically young lawyers just a few years out of law school.
The study found that justices are 16 percentage points more likely to vote for their former clerks, and 14 percentage points more likely to vote for their former clerk than for an attorney who clerked for another one of their colleagues.


investmentwatchblog--2020-09-22--Patriots line up for miles in OH to see POTUS… Record-breaking GOP fundraising haul, just in time fo

Patriots line up for miles in OH to see POTUS… Record-breaking GOP fundraising haul, just in time for final Trump push.

Record-breaking GOP fundraising haul , just in time for final Trump push .
Perfectly timed for President Trump ’ s @ @ @ @ @ Republican National Committee broke its own fundraising record last month and brought the total GOP-Team @ @ @ @ @ billion .
The party and Chairwoman Ronna McDaniel told Secrets this morning that donations totaled @ @ @ @ @ best ever for an August fundraising push .
What ’ s more , it was @ @ @ @ @ August ever , raising nearly four times what the party did in the previous four @ @ @ @ @ fundraising record gave party officials an extra shot of confidence entering the final weeks of @ @ @ @ @ campaign and the GOP ’ s bid to retain control of the Senate and take @ @ @ @ @ This campaign is powered by real Americans who are motivated by raw enthusiasm for President @ @ @ @ @ in his agenda , ” said McDaniel .
OF COURSE : TV Networks Bury News @ @ @ @ @ Middle East Peace Deals .

On my way to Toledo Express Airport in OHIO. See everyone soon! #MAGA pic.twitter.com/NGE0XAU7Pf — Donald J. Trump (@realDonaldTrump) September 21, 2020
Record-breaking GOP fundraising haul, just in time for final Trump push.
Perfectly timed for President Trump’s final reelection push, the Republican National Committee broke its own fundraising record last month and brought the total GOP-Team Trump take to $1.3 billion.
The party and Chairwoman Ronna McDaniel told Secrets this morning that donations totaled $67.6 million, the best ever for an August fundraising push. What’s more, it was also the best online fundraising August ever, raising nearly four times what the party did in the previous four Augusts combined.
The record fundraising record gave party officials an extra shot of confidence entering the final weeks of the president’s reelection campaign and the GOP’s bid to retain control of the Senate and take over the House.
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“This campaign is powered by real Americans who are motivated by raw enthusiasm for President Trump and a genuine belief in his agenda,” said McDaniel.
We have made 9 million door knocks and phone calls in Wisconsin alone.
@realDonaldTrump fought hard to win the state in 2016, and we are fighting hard to win it again! #LeadRight t.co/TJKSX98xcD — Ronna McDaniel (@GOPChairwoman) September 19, 2020
….
OF COURSE: TV Networks Bury News of Trump’s Historic Middle East Peace Deals.


investmentwatchblog--2020-09-22--UK house of commons – PM Boris Johnson announces new numerous further level 4 restrictions that will

UK house of commons – PM Boris Johnson announces new numerous further level 4 restrictions that will last next 6 months

More measures announced Johnson says the new rule on table service will mean fines if it is broken .
The PM then announces there will be new places where face coverings will be required .
Staff in the hospitality and retail sectors will now need to wear them , as well as passengers travelling in taxis .
The exemptions to the “ rule of six ” will be cut down .
For example , people doing indoor team sports will now not be allowed .
And when it comes to weddings , the limit on guests will now reduce from @ @ @ @ @ @ @ for trials to have the public return to sporting events and conference centres have also been paused .
The UK ’ s coronavirus alert level is being upgraded from 3 to 4 , meaning transmission is “ high or rising exponentially ” , its chief medical officers have said .
It comes after the government ’ s scientific adviser warned there could be 50,000 new coronavirus cases a day by mid-October without further action .
On Monday , a further 4,368 daily cases were reported in the UK , up from 3,899 .
@ @ @ @ @ @ @ in the Commons on Tuesday .
BBC political editor Laura Kuenssberg said it sounded “ very likely ” that pubs and other venues in England will be forced to have 22:00 closing times , alongside other measures .
The PM then announces there will be new places where face coverings will be required .
Staff in the hospitality and retail sectors will now need to wear them , as well as passengers travelling in taxis .
The exemptions to the “ rule of six ” will be cut down .
For example , @ @ @ @ @ @ @ not be allowed .
And when it comes to weddings , the limit on guests will now reduce from 30 to 15 .

More measures announced
Johnson says the new rule on table service will mean fines if it is broken.
The PM then announces there will be new places where face coverings will be required.
Staff in the hospitality and retail sectors will now need to wear them, as well as passengers travelling in taxis.
The exemptions to the “rule of six” will be cut down. For example, people doing indoor team sports will now not be allowed.
And when it comes to weddings, the limit on guests will now reduce from 30 to 15.
Finally, plans for trials to have the public return to sporting events and conference centres have also been paused.
www.bbc.com/news/live/world-54245931
Covid: UK coronavirus alert level moving to 4
The UK’s coronavirus alert level is being upgraded from 3 to 4, meaning transmission is “high or rising exponentially”, its chief medical officers have said.
It comes after the government’s scientific adviser warned there could be 50,000 new coronavirus cases a day by mid-October without further action.
We are primarily funded by readers. Please subscribe and donate to support us!
On Monday, a further 4,368 daily cases were reported in the UK, up from 3,899.
The prime minister will make a statement in the Commons on Tuesday.
BBC political editor Laura Kuenssberg said it sounded “very likely” that pubs and other venues in England will be forced to have 22:00 closing times, alongside other measures.
www.bbc.com/news/uk-54241580
The PM then announces there will be new places where face coverings will be required.
Staff in the hospitality and retail sectors will now need to wear them, as well as passengers travelling in taxis.
The exemptions to the “rule of six” will be cut down. For example, people doing indoor team sports will now not be allowed.
And when it comes to weddings, the limit on guests will now reduce from 30 to 15.
AC


investmentwatchblog--2020-09-22--Internet: Old TV caused village broadband outages for 18 months

The mystery of why an entire village lost its broadband every morning at 7am was solved when engineers discovered an @ @ @ @ @ .
Engineers walked around the village with a monitor called a spectrum analyser to try @ @ @ @ @ noise ” to help pinpoint the problem .
“ Our device picked up a large @ @ @ @ @ the village .
It turned out that at 7am every morning the occupant would switch @ @ @ @ @ would , in turn , knock out broadband for the entire village.
” The TV @ @ @ @ @ a single high-level impulse noise ( SHINE ) , which causes electrical interference in other @ @

The mystery of why an entire village lost its broadband every morning at 7am was solved when engineers discovered an old television was to blame.
Engineers walked around the village with a monitor called a spectrum analyser to try to find any “electrical noise” to help pinpoint the problem. “Our device picked up a large burst of electrical interference in the village. It turned out that at 7am every morning the occupant would switch on their old TV which would, in turn, knock out broadband for the entire village.”
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The TV was found to be emitting a single high-level impulse noise (SHINE), which causes electrical interference in other devices.
www.bbc.com/news/amp/uk-wales-54239180


investmentwatchblog--2020-09-22--Facebook says it is ready for violent unrest in the US election, and has plans to restrict the sprea

Facebook says it is ready for violent unrest in the US election, and has plans to restrict the spread of inflammatory posts

• Facebook is preparing in case violence erupts after the November US presidential election .
• Nick Clegg , its head of global affairs , told The Financial Times the network has plans for scenarios like widespread civil unrest , or an unclear result if mail-in votes are counted slowly .
• He declined to explain Facebook ’ s specific plan , but said that the company may make strong moves to “ restrict the circulation of content.
” • A source told the FT that Facebook is exploring how to respond to around 70 scenarios , and is working @ @ @ @ @ @ @ that it has a plan in case there is violent unrest in the wake of the US election , and that it would restrict content on its platform in such a scenario .
Nick Clegg , Facebook ’ s head of global affairs , told The Financial Times in an interview that the company has plans in place in case of widespread chaos .
Clegg did not elaborate on exactly what measures Facebook is considering .
But he said that the company would make aggressive moves to “ restrict the circulation of content @ @ @ @ @ @ @ the situation .
He said big decisions will fall to executives like him and COO Sheryl Sandberg , and that Zuckerberg will be able to overrule decisions .

Facebook is preparing in case violence erupts after the November US presidential election.
Nick Clegg, its head of global affairs, told The Financial Times the network has plans for scenarios like widespread civil unrest, or an unclear result if mail-in votes are counted slowly.
He declined to explain Facebook’s specific plan, but said that the company may make strong moves to “restrict the circulation of content.”
A source told the FT that Facebook is exploring how to respond to around 70 scenarios, and is working with military planners.
Facebook said Tuesday that it has a plan in case there is violent unrest in the wake of the US election, and that it would restrict content on its platform in such a scenario.
Nick Clegg, Facebook’s head of global affairs, told The Financial Times in an interview that the company has plans in place in case of widespread chaos.
Clegg did not elaborate on exactly what measures Facebook is considering.
We are primarily funded by readers. Please subscribe and donate to support us!
But he said that the company would make aggressive moves to “restrict the circulation of content” that it thought may further inflame the situation.
He said big decisions will fall to executives like him and COO Sheryl Sandberg, and that Zuckerberg will be able to overrule decisions.
www.businessinsider.com/facebook-preparing-violence-after-us-election-may-restrict-content-2020-9


investmentwatchblog--2020-09-22--Get Woke, Go Broke – “Emmys Score Lowest Ratings In History For A Major Awards Show”

From Mediaite , “ Emmys Hit Lowest Ever Viewership For a Major Awards Show , Fail to Make a Dent @ @ @ @ @ NBA Playoffs ” : The 2020 Emmy Awards not only hit their lowest ever viewership @ @ @ @ @ also managed to score the lowest viewership for any major awards show in history , @ @ @ @ @ award show averaged a 1.2 rating in the adults 18-49 demographic and 6.1 million viewers @ @ @ @ @ roughly 12 percent from last year ’ s total viewership .
This year ’ s @ @ @ @ @ year ’ s historic low for a top TV awards show , during which the @ @ @ @ @ with a 33 percent decline from the previous year .

History made!
From Mediaite, “Emmys Hit Lowest Ever Viewership For a Major Awards Show, Fail to Make a Dent Against Sunday Night Football, NBA Playoffs”:
The 2020 Emmy Awards not only hit their lowest ever viewership on Sunday night, but also managed to score the lowest viewership for any major awards show in history, according to Nielsen.
The award show averaged a 1.2 rating in the adults 18-49 demographic and 6.1 million viewers total for ABC, dropping roughly 12 percent from last year’s total viewership. This year’s low ratings come after last year’s historic low for a top TV awards show, during which the host-less ceremony aired on Fox with a 33 percent decline from the previous year.


investmentwatchblog--2020-09-22--FIGHT THE POWER. STICK IT TO THE MAN. Massive ‘F–k Cuomo and de Blasio’ mural painted on Brooklyn st

FIGHT THE POWER. STICK IT TO THE MAN. Massive ‘F–k Cuomo and de Blasio’ mural painted on Brooklyn street.

Fed-up New Yorkers painted a massive stretch of Brooklyn blacktop with the yellow message “ F–k Cuomo and de Blasio ” over the weekend in the vein of Hizzoner ’ s “ Black Lives Matter ” art , only for the city to quickly scrub the statement .
The not-so-subtle shout-out to Gov .
Andrew Cuomo and Mayor Bill de Blasio went up around 1 a.m. Saturday on North 15th Street between Wythe Avenue and Banker Street in Williamsburg , during the waning hours of an annual block party which this year doubled as a “ small business owner protest @ @ @ @ @ @ @ .
“ A few partygoers got the idea to paint in huge [ letters , using ] yellow paint with rollers on North 15th , ‘ F–k Cuomo and de Blasio , ’ ” the attendee said Sunday , refusing to be identified by name .
“ The party continued .
Everyone took photos .
“ It was a big hit .
The crowds cheered , even the cops chuckled.
” But word made it back to city officials , who evidently didn ’ t share the assessment .
Bucking widely held notions @ @ @ @ @ @ @ city Department of Transportation descended on the display less than 24 hours later — around 10 p.m. Saturday — to cover up the message with black , according to the attendee .

via nypost:
Fed-up New Yorkers painted a massive stretch of Brooklyn blacktop with the yellow message “F–k Cuomo and de Blasio” over the weekend in the vein of Hizzoner’s “Black Lives Matter” art, only for the city to quickly scrub the statement.
The not-so-subtle shout-out to Gov. Andrew Cuomo and Mayor Bill de Blasio went up around 1 a.m. Saturday on North 15th Street between Wythe Avenue and Banker Street in Williamsburg, during the waning hours of an annual block party which this year doubled as a “small business owner protest,” one attendee told The Post.
“A few partygoers got the idea to paint in huge [letters, using] yellow paint with rollers on North 15th, ‘F–k Cuomo and de Blasio,’” the attendee said Sunday, refusing to be identified by name. “The party continued. Everyone took photos.
“It was a big hit. The crowds cheered, even the cops chuckled.”
But word made it back to city officials, who evidently didn’t share the assessment.
Bucking widely held notions about municipal inefficiency, workers from the city Department of Transportation descended on the display less than 24 hours later — around 10 p.m. Saturday — to cover up the message with black, according to the attendee.


investmentwatchblog--2020-09-22--Lindsey Graham: “We’ve got the votes to confirm Justice Ginsburg’s replacement before the election.

Lindsey Graham: “We’ve got the votes to confirm Justice Ginsburg’s replacement before the election. That’s what’s coming.”

“ We ’ re going to have a process that you ’ ll be proud of.
” pic.twitter.com/B8UoHDjGuh

“We’re going to have a process that you’ll be proud of.” pic.twitter.com/B8UoHDjGuh
— Breaking911 (@Breaking911) September 22, 2020


investmentwatchblog--2020-09-22--UNHINGED: CNN’s Don Lemon: “We’re Going To Have To Blow Up The Entire System”

We are in big trouble in this country… The enemy is within the gates .
“ We must respect norms @ @ @ @ @ people who want to get rid of the police , abolish the electoral college , @ @ @ @ @ pieces

We are in big trouble in this country…
The enemy is within the gates.
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“We must respect norms,” shouted the same people who want to get rid of the police, abolish the electoral college, and blow Mount Rushmore to pieces
"We must respect norms," shouted the same people who want to get rid of the police, abolish the electoral college, and blow Mount Rushmore to pieces — Matt Walsh (@MattWalshBlog) September 21, 2020
TY


investmentwatchblog--2020-09-22--Chesterfield Food Bank averaging a million meals per month during the pandemic, triples in donations

CHESTERFIELD COUNTY , Va. ( WRIC ) — Cars filled two lanes for over half a mile leading up to @ @ @ @ @ Friday .
This kind of backup has been seen on Ironbridge Road every weekend for @ @ @ @ @ Before COVID-19 spread around the world , the Chesterfield Food Bank was helping anywhere from @ @ @ @ @ month .
Now , they say nearly 30,000 people utilize the food bank ’ s @ @ @ @ @ with 200 to 400 volunteers offering their help every week .

CHESTERFIELD COUNTY, Va. (WRIC) — Cars filled two lanes for over half a mile leading up to the Chesterfield Food Bank on Friday. This kind of backup has been seen on Ironbridge Road every weekend for the past several months.
Before COVID-19 spread around the world, the Chesterfield Food Bank was helping anywhere from 8,000 to 12,000 people a month.
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Now, they say nearly 30,000 people utilize the food bank’s distribution programs each month — with 200 to 400 volunteers offering their help every week.
www.wric.com/news/local-news/chesterfield-county/chesterfield-food-bank-averaging-a-million-meals-per-month-during-the-pandemic-triples-in-donations/amp/


investmentwatchblog--2020-09-22--Technically Speaking: Market Realized No Help Is Coming

Last week , we asked the question : “ Is everything ‘ priced in ?
’ ” On Monday , the market realized no help is coming as the political backdrop worsened markedly .
However , we need to back up a little bit to discuss how we got here .
In the middle of August , we wrote “ Close But No Cigar , ” which addressed the potential of a market correction due to the extreme positioning in markets .
To wit : “ With the markets overbought on several measures , there is a downside risk heading @ @ @ @ @ @ @ These risks come from several fronts we will discuss momentarily .
However , from a technical perspective , the downside risk is about 5.6 % to the 50-dma and 9.4 % to the 200-dma .
( Shown above ) A 5-10 % decline in any given year is not outside of the norm .
However , since investors have entirely forgotten what a drop feels like , a 5-10 % slide will ‘ feel ’ worse than it is.
” At that time , there seemed to be little to worry about .
@ @ @ @ @ @ @ the markets , and expectations of additional monetary support were high .
Expectations were high that Congress would pass other fiscal measures to support the recessionary economy soon .
More money meant higher markets , hence the speculative bias .
As I stated then , the market was overbought on multiple measures , which typically coincides with short-term market peaks and corrections .
That overbought condition , combined with more extreme speculative positioning by investors , provided the fuel for a correction when it came .
All that was needed as a “ @ @ @ @ @ @ @ I liked David Rosenberg ’ s note yesterday on the current correction : Last week , we noted a list of concerns relating to the market , which could undoubtedly pressure markets lower .
One of those , in particular , was the lack of additional “ fiscal stimulus ” coming from Congress .
Over the weekend , and summed up in the video below , a collision of events brought concerns to the forefront .
The death of Supreme Court Justice Ruth Ginsberg has sparked a replay of the 2016 passing of @ @ @ @ @ @ @ President Obama wanted to appoint a replacement for Scalia even as the Presidential election was just a few months away .
Congress got into a contested debate over whether a justice should be selected so close to an election .
That debate is again on display as President Trump wants to appoint a replacement for Ginsberg as soon as possible .
Still , the Democratically controlled Congress is fighting to delay it until after the election .
Politically , this is an incredibly important appointment .
Since justices get appointed for life , @ @ @ @ @ @ @ ” justice to the Supreme Court , rulings on more liberal causes could be stymied for a decade or more .
Why is this important to the market ?
Because Congress is facing three different events that have removed the focus from additional financial support for the economy .
• With the election fast approaching , Congress does not want to pass a fiscal support bill to help the other Presidential candidate .
Such is why there are dueling bills between the House and Senate currently .
• September ends the 2020 fiscal @ @ @ @ @ @ @ a “ budget , ” or another C.R .
( Continuing Resolution ) to fund the government and avoid another shut-down .
• Lastly , the death of RBG will have the entire Democratic Party , which controls the House , focused on how to stop President Trump from nominating a replacement before the election .
All Trump needs is a simple majority in the Senate to confirm a justice that he can likely get .
As I discussed with our RIAPro Subscribers in this morning ’ s “ Sector Trading Review , @ @ @ @ @ @ @ fiscal support ” killed the “ economic reflation ” trade yesterday .
In short , this all presents a problem which markets discovered Monday morning – “ no more monetary support.
” ( Click the banner below to get notified of our daily “ 3-minutes ” videos.
” At the September FOMC meeting , Jerome Powell made a critical statement overlooked by the majority of the mainstream media .
The Federal Reserve is trying to plug a hole that fiscal policy was widely expected to fill by now .
However , the Fed @ @ @ @ @ @ @ programs is limited to the Treasury Department ’ s issuance of additional debt .
Without another “ fiscal relief ” bill , there isn ’ t enough debt issuance to support another round of interventions by the Fed .
Currently , the Federal Reserve is continuing to run “ Quantitative Easing ” at $ 120 billion per month , but much of that is just replacing bills that are maturing .
As shown below , the Fed ’ s balance sheet has been stagnating since June as the uptake from its various programs @ @ @ @ @ @ @ Reserve will likely not get any “ fiscal support ” from Washington in the short-term is problematic for the markets .
Without fiscal support , the Fed is limited in its monetary response .
Rates are already at zero , and economic data is beginning to show signs of weakening as the “ direct checks ” and “ expanded U.I .
benefits ” to households has run out .
The subsequent selling in the market has led to increased short-term bearishness in the markets .
As shown below , markets are very oversold @ @ @ @ @ @ @ the bounce of support yesterday suggests we could see a follow-through rally back to the 50-dma , which will act as crucial overhead resistance short-term .
Furthermore , besides being oversold , there is the largest net-short position on the Nasdaq we have seen since 2008 .
As we showed our RIAPro Subscribers ( 30-Day Risk-Free Trial ) , the sharp sell-off in Technology specifically pulled the sector out of its Risk/Reward range .
Such short-term bearishness provides a good backdrop for a short-term rally over the next few days .
Be careful @ @ @ @ @ @ @ ” the market ; use counter-trend bounces to reduce risk logically .
Since 2009 , whenever the monthly MACD “ buy signal ” was this elevated , it typically correlated to a short- to intermediate-term market peak .
Such also correlates with weaker economic data showing up .
Weaker economic data translates into reduced earnings outlooks for companies .
During the last 30-days , 2021 estimates for the S & P 500 have declined by an additional $ 5/share .
Furthermore , those estimates are down nearly $ 30 from the original forecast @ @ @ @ @ @ @ remain only slightly off all-time highs .
As noted in this past weekend ’ s missive , we still expect a “ reflexive rally ” given the short-term oversold condition of the market .
However , we still expect there could be further downside risk over the intermediate-term .
The current correction is the 4th of 10 % or more over the last 3-years .
Do not dismiss this lightly as Sentiment Trader noted on Monday : We have discussed previously , the pickup in volatility over the last couple of years is @ @ @ @ @ @ @ ” process for the markets .
Outcomes from such have not been outstanding .
However , given the more bearish tone to the market , and the extreme net short position on the Nasdaq , it won ’ t take much to elicit a “ short-covering ” rally .
Some “ encouraging ” words from the White House promising fiscal support , or a Fed speaker suggesting monetary action , would do the trick .
While either would give the markets a short-term lift , we suggest using rallies to reduce risk , @ @ @ @ @ @ @ the rather numerous headwinds currently facing the markets , from the Fed to the election , a failure at lower highs would not be surprising .

by Lance Roberts
Last week, we asked the question: “Is everything ‘priced in?’” On Monday, the market realized no help is coming as the political backdrop worsened markedly.
However, we need to back up a little bit to discuss how we got here. In the middle of August, we wrote “Close But No Cigar,” which addressed the potential of a market correction due to the extreme positioning in markets. To wit:
“With the markets overbought on several measures, there is a downside risk heading into the end of the month. These risks come from several fronts we will discuss momentarily. However, from a technical perspective, the downside risk is about 5.6% to the 50-dma and 9.4% to the 200-dma. (Shown above) A 5-10% decline in any given year is not outside of the norm. However, since investors have entirely forgotten what a drop feels like, a 5-10% slide will ‘feel’ worse than it is.”
At that time, there seemed to be little to worry about. The Federal Reserve was remaining accommodative to the markets, and expectations of additional monetary support were high. Expectations were high that Congress would pass other fiscal measures to support the recessionary economy soon.
More money meant higher markets, hence the speculative bias.
As I stated then, the market was overbought on multiple measures, which typically coincides with short-term market peaks and corrections. That overbought condition, combined with more extreme speculative positioning by investors, provided the fuel for a correction when it came.
All that was needed as a “catalyst” to trigger the selling.
Remembering 2016
I liked David Rosenberg’s note yesterday on the current correction:
“The stock market has really gone through a change of complexion — to a far greater degree than the last corrective phase in June when valuations, momentum, leverage, and sentiment were less extreme than was the case heading into this current period.”
Last week, we noted a list of concerns relating to the market, which could undoubtedly pressure markets lower. One of those, in particular, was the lack of additional “fiscal stimulus” coming from Congress.
Over the weekend, and summed up in the video below, a collision of events brought concerns to the forefront.
The death of Supreme Court Justice Ruth Ginsberg has sparked a replay of the 2016 passing of Justice Scalia. At that time, President Obama wanted to appoint a replacement for Scalia even as the Presidential election was just a few months away. Congress got into a contested debate over whether a justice should be selected so close to an election. That debate is again on display as President Trump wants to appoint a replacement for Ginsberg as soon as possible. Still, the Democratically controlled Congress is fighting to delay it until after the election.
Politically, this is an incredibly important appointment. Since justices get appointed for life, if President Trump adds another “conservative” justice to the Supreme Court, rulings on more liberal causes could be stymied for a decade or more.
A Collision Of Events
Why is this important to the market? Because Congress is facing three different events that have removed the focus from additional financial support for the economy.
With the election fast approaching, Congress does not want to pass a fiscal support bill to help the other Presidential candidate. Such is why there are dueling bills between the House and Senate currently. September ends the 2020 fiscal year of Congress. Such requires either a “budget,” or another C.R. (Continuing Resolution) to fund the government and avoid another shut-down. Lastly, the death of RBG will have the entire Democratic Party, which controls the House, focused on how to stop President Trump from nominating a replacement before the election. All Trump needs is a simple majority in the Senate to confirm a justice that he can likely get.
As I discussed with our RIAPro Subscribers in this morning’s “Sector Trading Review,” the realization of “no more fiscal support” killed the “economic reflation” trade yesterday.
“A common theme through today’s update is the exit of the ‘reflation’ trade. Markets had been hoping for additional ‘fiscal support’ from Congress. However, with the election looming, a need for a budget negotiation to avoid a ‘shutdown,’ and now a battle over replacing a Supreme Court Justice, the odds of a fiscal deal getting done is minuscule. Looking at XLB, the sell-off yesterday reflected the exit of the reflation trade. You will see the same in Industrials, and Transportation as well which were all down in excess of 3%.”
In short, this all presents a problem which markets discovered Monday morning – “no more monetary support.”
(Click the banner below to get notified of our daily “3-minutes” videos.”
The Fed Is Limited
At the September FOMC meeting, Jerome Powell made a critical statement overlooked by the majority of the mainstream media.
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“Federal Reserve Board Chairman Jerome Powell warned Wednesday that a lack of further fiscal support from Congress and President Trump could “scar and damage” a U.S. economy restrained by the coronavirus pandemic. ‘If there’s no follow-up on that, if there isn’t additional support and there isn’t a job for some of those people who are from industries where it’s going to be very hard to find new work. That will start to show up in economic activity. It’ll also show up in things like evictions and foreclosures and things that will scar and damage the economy.’” – The Hill
The Federal Reserve is trying to plug a hole that fiscal policy was widely expected to fill by now. However, the Fed’s ability to expand on current programs is limited to the Treasury Department’s issuance of additional debt. Without another “fiscal relief” bill, there isn’t enough debt issuance to support another round of interventions by the Fed.
Currently, the Federal Reserve is continuing to run “Quantitative Easing” at $120 billion per month, but much of that is just replacing bills that are maturing. As shown below, the Fed’s balance sheet has been stagnating since June as the uptake from its various programs has waned.
Short-Term Bearishness
The realization the Federal Reserve will likely not get any “fiscal support” from Washington in the short-term is problematic for the markets. Without fiscal support, the Fed is limited in its monetary response. Rates are already at zero, and economic data is beginning to show signs of weakening as the “direct checks” and “expanded U.I. benefits” to households has run out.
The subsequent selling in the market has led to increased short-term bearishness in the markets. As shown below, markets are very oversold short-term on several measures. Furthermore, the bounce of support yesterday suggests we could see a follow-through rally back to the 50-dma, which will act as crucial overhead resistance short-term.
Furthermore, besides being oversold, there is the largest net-short position on the Nasdaq we have seen since 2008.
As we showed our RIAPro Subscribers (30-Day Risk-Free Trial), the sharp sell-off in Technology specifically pulled the sector out of its Risk/Reward range.
Such short-term bearishness provides a good backdrop for a short-term rally over the next few days. Be careful you don’t “panic sell” the market; use counter-trend bounces to reduce risk logically.
There Is Downside Risk
As noted previously:
“The reason we suggest selling any rally is because, until the pattern changes, the market exhibiting all traits of a “topping process.” Weak participation
Failure at long-term resistance
Extreme bullish speculation
Negative divergences in relative strength We can show this in a long-term monthly chart.”
Since 2009, whenever the monthly MACD “buy signal” was this elevated, it typically correlated to a short- to intermediate-term market peak.
Such also correlates with weaker economic data showing up. Weaker economic data translates into reduced earnings outlooks for companies. During the last 30-days, 2021 estimates for the S&P 500 have declined by an additional $5/share. Furthermore, those estimates are down nearly $30 from the original forecast in January 2020. Yet, markets remain only slightly off all-time highs.
Still A Sellable Rally
As noted in this past weekend’s missive, we still expect a “reflexive rally” given the short-term oversold condition of the market. However, we still expect there could be further downside risk over the intermediate-term.
The current correction is the 4th of 10% or more over the last 3-years. Do not dismiss this lightly as Sentiment Trader noted on Monday:
We have discussed previously, the pickup in volatility over the last couple of years is more akin to a broader “topping” process for the markets. Outcomes from such have not been outstanding.
However, given the more bearish tone to the market, and the extreme net short position on the Nasdaq, it won’t take much to elicit a “short-covering” rally. Some “encouraging” words from the White House promising fiscal support, or a Fed speaker suggesting monetary action, would do the trick.
While either would give the markets a short-term lift, we suggest using rallies to reduce risk, for now.
We suspect that given the rather numerous headwinds currently facing the markets, from the Fed to the election, a failure at lower highs would not be surprising.


investmentwatchblog--2020-09-22--Commodity markets look like a complete con game

by Chris Powell of the Gold Anti-Trust Action Committee ( GATA ) Robert Kientz , proprietor of GoldSilverPros.com , last week gave a detailed , sober , pointed , and highly effective interview to Tom Bodrovics of Palisade Radio about the obfuscation the New York Commodities Exchange does about its gold and silver futures markets .
Kientz notes that traders on the exchange are running a huge naked short position in the metals and cites indications that a run on the exchange has been underway for many weeks now with buyers rushing to take delivery of metal .
Kietnz adds @ @ @ @ @ @ @ about the exchange ’ s operation of other futures markets .
In the end the interview can ’ t help but remind veterans of the struggle against gold and silver price manipulation of the 2001 essay by the British economist Peter Warburton , who hypothesized that governments and central banks were using derivatives like futures contracts to suppress commodity prices and divert the vast inflation they were creating away from items measured by consumer price indexes and into financial assets .
Warburton ’ s essay , “ The Debasement of World Currency — @ @ @ @ @ @ @ Know It , ” can be found at GATA ’ s internet site here : Kientz wonders why he can ’ t get answers from the exchange to ordinary questions of basic auditing .
The explanation is probably similar to the explanation of why GATA and even U.S. Rep. Alex X. Mooney , R-West Virginia , can ’ t get the U.S. Commodity Futures Trading Commission to answer whether commodity market manipulation undertaken by the U.S. government or its agents is subject to the commission ’ s jurisdiction or is legal , authorized @ @ @ @ @ @ @ and successive legislation establishing the authority of the Treasury Department ’ s Exchange Stabilization Fund .
That is , the surreptitious rigging of the commodity markets long has been a government operation and is considered a matter of national security , a primary support of the dollar ’ s role as world reserve currency .
Kientz ’ s interview is headlined “ Commodity Markets — A Complete Con Game ?
” and it can be heard at Palisade Radio here : Wine carrying the label of the Gold Anti-Trust Action Committee , cases @ @ @ @ @ @ @ donors in GATA ’ s recent fundraising campaign , are now available for purchase by the case from Fay J Winery LLC in Texarkana , Texas .
Each case has 12 bottles and the cost is $ 240 , which includes shipping via Federal Express .
Here ’ s what the bottles look like : Buyers can compose their case by choosing as many as four varietals from the list here : GATA will receive a commission on each case of GATA-label wine sold .
So if you like wine and buy it @ @ @ @ @ @ @ a way that supports our work to achieve free and transparent markets in the monetary metals ?
To order a case of GATA-label wine , please e-mail Fay J Winery at bagman1236 @ aol.com .
“ Rigged ” is a concise explanation of government ’ s currency market rigging policy and extensively credits GATA ’ s work exposing it .
Ten percent of sales proceeds are contributed to GATA .
Buy a copy for $ 14.99 through Amazon — — or for an additional $ 3 and a penny buy an autographed copy @ @ @ @ @ @ @ srenglert @ comcast.net .
Help keep GATA going : GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code .
Its e-mail dispatches are free , and you can subscribe at : To contribute to GATA , please visit :

by Chris Powell of the Gold Anti-Trust Action Committee (GATA)
Dear Friend of GATA and Gold:
Robert Kientz, proprietor of GoldSilverPros.com, last week gave a detailed, sober, pointed, and highly effective interview to Tom Bodrovics of Palisade Radio about the obfuscation the New York Commodities Exchange does about its gold and silver futures markets.
Kientz notes that traders on the exchange are running a huge naked short position in the metals and cites indications that a run on the exchange has been underway for many weeks now with buyers rushing to take delivery of metal.
Kietnz adds that the same criticism can be made about the exchange’s operation of other futures markets.
In the end the interview can’t help but remind veterans of the struggle against gold and silver price manipulation of the 2001 essay by the British economist Peter Warburton, who hypothesized that governments and central banks were using derivatives like futures contracts to suppress commodity prices and divert the vast inflation they were creating away from items measured by consumer price indexes and into financial assets. Warburton’s essay, “The Debasement of World Currency — It Is Inflation But Not as We Know It,” can be found at GATA’s internet site here:
gata.org/node/8303
Kientz wonders why he can’t get answers from the exchange to ordinary questions of basic auditing.
The explanation is probably similar to the explanation of why GATA and even U.S. Rep. Alex X. Mooney, R-West Virginia, can’t get the U.S. Commodity Futures Trading Commission to answer whether commodity market manipulation undertaken by the U.S. government or its agents is subject to the commission’s jurisdiction or is legal, authorized by the Gold Reserve Act of 1934 and successive legislation establishing the authority of the Treasury Department’s Exchange Stabilization Fund.
That is, the surreptitious rigging of the commodity markets long has been a government operation and is considered a matter of national security, a primary support of the dollar’s role as world reserve currency.
Kientz’s interview is headlined “Commodity Markets — A Complete Con Game?” and it can be heard at Palisade Radio here:
palisaderadio.com/robert-kientz-commodity-markets-a-complete-con…
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.orgRob
* * *
Join GATA here:
New Orleans Investment Conference
Wednesday-Saturday, October 14-17, 2020
hopin.to/events/2020-new-orleans-investment-conference
* * *
Toast to a free gold market
with great GATA-label wine
We are primarily funded by readers. Please subscribe and donate to support us!
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA’s recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here’s what the bottles look like:
www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
* * *
Support GATA by purchasing
Stuart Englert’s “Rigged”
“Rigged” is a concise explanation of government’s currency market rigging policy and extensively credits GATA’s work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon —
www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651…
— or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
www.gata.org
To contribute to GATA, please visit:
www.gata.org/node/16


investmentwatchblog--2020-09-22--The War On Assange is A War On Truth

The War On Assange is A War On Truth

by Ron Paul of Ron Paul Institute for Peace and Prosperity It is dangerous to reveal the truth about the illegal and immoral things our government does with our money and in our name , and the war on journalists who dare reveal such truths is very much a bipartisan affair .
Just ask Wikileaks founder Julian Assange , who was relentlessly pursued first by the Obama Administration and now by the Trump Administration for the “ crime ” of reporting on the crimes perpetrated by the United States government .
Assange is now literally fighting for his life , @ @ @ @ @ @ @ to the United States where he faces 175 years in prison for violating the “ Espionage Act.
” While it makes no sense to be prosecuted as a traitor to a country of which you are not a citizen , the idea that journalists who do their job and expose criminality in high places are treated like traitors is deeply dangerous in a free society .
To get around the First Amendment ’ s guarantee of freedom of the press , Assange ’ s tormentors simply claim that he is not a journalist @ @ @ @ @ @ @ Wikileaks was a “ hostile intelligence service ” aided by Russia .
Ironically , that ’ s pretty much what the Democrats say about Assange .
Earlier this month , a US Federal appeals court judge ruled that the NSA ’ s bulk collection of Americans ’ telephone records was illegal .
That bulk collection program , born out of the anti-American PATRIOT Act , was first revealed to us by whistleblower Edward Snowden just over seven years ago .
That is why whistleblowers and those who publish their information are so important @ @ @ @ @ @ @ Assange , we would never know about this government criminality .
And if we never know about government malfeasance it can never be found to be criminal in the first place .
That is convenient for governments , but it is also a recipe for tyranny .
While we might expect the US media to aggressively come to the aid of a fellow journalist being persecuted by the government for doing his job , the opposite is happening .
As journalist Glen Greenwald wrote last week , the US mainstream media is completely @ @ @ @ @ @ @ would they do such a thing ?
Partisan politics .
Journalists – with a few important exceptions like Greenwald himself – are no longer interested in digging and reporting the truth .
These days they believe they have a “ higher calling.
” As Greenwald puts it , “ If you start from the premise that Trump is a fascist dictator who has brought Nazi tyranny to the US , then it isn ’ t that irrational to believe that anyone who helped empower Trump ( which is how they see Assange ) @ @ @ @ @ @ @ lack of concern about it.
” That may seem like a good idea to these journalists in the short term , but for journalism itself to become an extension of government power rather than a check on that power would be deeply harmful .
We can not have a self-governing society as was intended for our Republic if the government , with the complicity of the mainstream media , decides that there are things we are not allowed to know about it .
President Trump should end the US government ’ s war @ @ @ @ @ @ @ publishers .
Please donate to the Ron Paul Institute

by Ron Paul of Ron Paul Institute for Peace and Prosperity
It is dangerous to reveal the truth about the illegal and immoral things our government does with our money and in our name, and the war on journalists who dare reveal such truths is very much a bipartisan affair. Just ask Wikileaks founder Julian Assange, who was relentlessly pursued first by the Obama Administration and now by the Trump Administration for the “crime” of reporting on the crimes perpetrated by the United States government.
Assange is now literally fighting for his life, as he tries to avoid being extradited to the United States where he faces 175 years in prison for violating the “Espionage Act.” While it makes no sense to be prosecuted as a traitor to a country of which you are not a citizen, the idea that journalists who do their job and expose criminality in high places are treated like traitors is deeply dangerous in a free society.
To get around the First Amendment’s guarantee of freedom of the press, Assange’s tormentors simply claim that he is not a journalist. Then-CIA director Mike Pompeo declared that Wikileaks was a “hostile intelligence service” aided by Russia. Ironically, that’s pretty much what the Democrats say about Assange.
Earlier this month, a US Federal appeals court judge ruled that the NSA’s bulk collection of Americans’ telephone records was illegal. That bulk collection program, born out of the anti-American PATRIOT Act, was first revealed to us by whistleblower Edward Snowden just over seven years ago.
That is why whistleblowers and those who publish their information are so important. Were it not for Snowden and Assange, we would never know about this government criminality. And if we never know about government malfeasance it can never be found to be criminal in the first place. That is convenient for governments, but it is also a recipe for tyranny.
We are primarily funded by readers. Please subscribe and donate to support us!
While we might expect the US media to aggressively come to the aid of a fellow journalist being persecuted by the government for doing his job, the opposite is happening. As journalist Glen Greenwald wrote last week, the US mainstream media is completely ignoring the Assange extradition trial.
Why would they do such a thing? Partisan politics. Journalists – with a few important exceptions like Greenwald himself – are no longer interested in digging and reporting the truth. These days they believe they have a “higher calling.”
As Greenwald puts it, “If you start from the premise that Trump is a fascist dictator who has brought Nazi tyranny to the US, then it isn’t that irrational to believe that anyone who helped empower Trump (which is how they see Assange) deserves to be imprisoned, hence the lack of concern about it.”
That may seem like a good idea to these journalists in the short term, but for journalism itself to become an extension of government power rather than a check on that power would be deeply harmful.
We cannot have a self-governing society as was intended for our Republic if the government, with the complicity of the mainstream media, decides that there are things we are not allowed to know about it. President Trump should end the US government’s war on Assange…and on all whistleblowers and their publishers.
Please donate to the Ron Paul Institute


investmentwatchblog--2020-09-22--Inflation Reality: US Govt’s CPI vs ShadowStats & Chapwood Inflation Index

by Jason Burack of Wall St For Main St The Fed wants inflation to run hot and well above its @ @ @ @ @ on the Consumer Price Index ( CPI ) .
In some Fed projections , the @ @ @ @ @ 3.9 % CPI inflation rate by Q3 2021 .
However , the CPI does not @ @ @ @ @ , healthcare and other daily bills of most Americans .
The inflation formulas from ShadowStats @ @ @ @ @ formulas from 1980 and 1990 that were far more honest ) and the Chapwood Inflation @ @ @ @ @ tipping us monthly for our hard work creating high level , thought provoking content that @ @ @ @ @ , analysis and short videos about investing and the economy www.patreon.com/wallstformainst

by Jason Burack of Wall St For Main St
The Fed wants inflation to run hot and well above its old 2% inflation target on the Consumer Price Index (CPI). In some Fed projections, the Fed is already projecting a 3.9% CPI inflation rate by Q3 2021.
However, the CPI does not reflect everyday reality for food, healthcare and other daily bills of most Americans. The inflation formulas from ShadowStats (using old government inflation formulas from 1980 and 1990 that were far more honest) and the Chapwood Inflation Index do.
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FULL SHOW NOTES AND LINKS HERE
Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy www.patreon.com/wallstformainst


investmentwatchblog--2020-09-22--OUCH! Pennsylvania Voter Tells Biden the BRUTAL Truth about his Supporters Compared to Trump’s

Cristina Laila from The Gateway Pundit reports , This was awkward .
77-year-old Joe Biden participated in a CNN town @ @ @ @ @ Anderson Cooper .
It was a total circus .
Anderson Cooper and every attendee lobbed @ @ @ @ @ .

Cristina Laila from The Gateway Pundit reports, This was awkward. 77-year-old Joe Biden participated in a CNN town hall Thursday evening with host Anderson Cooper. It was a total circus. Anderson Cooper and every attendee lobbed pre-approved softball questions at Biden.
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Read More/Source/Credit/FairUse:
www.thegatewaypundit.com/2020…


investmentwatchblog--2020-09-22--Here’s how the US has reached 200,000 COVID deaths…

U.S. Centers for Disease Control and Prevention Director Robert Redfield acknowledged during a House hearing Friday that COVID-19 data could be inflated because hospitals receive a monetary gain by reporting COVID-19 cases .
Republican Rep. Blaine Luetkemeyer of Missouri questioned Redfield during a House Oversight and Reform subcommittee hearing on coronavirus containment .
He asked about the “ perverse incentive ” for hospitals to classify deaths as being coronavirus related when the virus didn ’ t cause the death .
Luetkemeyer voiced concern about how an automobile accident-related death could be recorded as a COVID-related death .
In this scenario @ @ @ @ @ @ @ because the virus was in the victim ’ s system , even if the car accident was the major factor .
“ As long as you have COVID in your system you get to claim it as a COVID death , which means you get more money as attending physician , hospital , whatever , ” Luetkemeyer said during the hearing .
“ Would you like to comment on that , about the perverse incentive ?
Is there an effort to try and do something different.
” Redfield responded by telling the congressman @ @ @ @ @ @ @ correct in that and we ’ ve seen this in other disease processes too.
” “ In the HIV epidemic , somebody may have a heart attack but also have HIV , ” Redfield explained .
“ The hospital would prefer the DRG [ death report ] for HIV because there ’ s greater reimbursement .
So I do think there is some reality to that.
” Redfield said that death reporting comes down to what a physician thinks and how he or she classifies a death in a death certificate .
He @ @ @ @ @ @ @ Statistics reviews “ all those death certificates.
” “ I think it is less operable in the cause of death although I won ’ t say there are not some cases , ” he said .
“ I do think , though , when it comes to hospital reimbursement issues for individuals that get discharged , there could be some play in that for sure.
” Luetkemeyer previously posed a similar question to Adm. Brett Giroir , Department of Health and Human Services assistant secretary for health , in a July 2 hearing @ @ @ @ @ @ @ due to time constraints .
In the July 2 hearing , the legislator also asked about the discrepancy in COVID-19 reporting that saw an automobile death recorded as a COVID-19 death .
Below is a breakdown of how much money each state receives from the Feds per COVID case .
As you can see , they ’ re greatly incentivized to inflate the numbers as much as they can to receive as much money as possible .

If you’d like to know how the US has reach 200,000 reported #sarscov2 deaths, the Milwaukee coroner’s office is a good place to start. It reports the (anonymized) death certificates of #Covid cases. Just a few of the most recent (sorry about the glare): pic.twitter.com/iUe4wQkO0B — Alex Berenson (@AlexBerenson) September 21, 2020
Three in a row:
A woman, 90, in renal and heart failure
A man, 84, with prostate cancer, dementia, and heart disease
A man, 88, with heart and renal failure, afib, diabetes, and Parkinson’s (yes, all five, can’t make it up). All in the first 20 cases. All called Covid. pic.twitter.com/VHFt7PE6Ir — Alex Berenson (@AlexBerenson) September 21, 2020
CDC director agrees hospitals have monetary incentive to inflate COVID-19 data
U.S. Centers for Disease Control and Prevention Director Robert Redfield acknowledged during a House hearing Friday that COVID-19 data could be inflated because hospitals receive a monetary gain by reporting COVID-19 cases.
Republican Rep. Blaine Luetkemeyer of Missouri questioned Redfield during a House Oversight and Reform subcommittee hearing on coronavirus containment. He asked about the “perverse incentive” for hospitals to classify deaths as being coronavirus related when the virus didn’t cause the death.
Luetkemeyer voiced concern about how an automobile accident-related death could be recorded as a COVID-related death. In this scenario, the death was recorded as COVID-related because the virus was in the victim’s system, even if the car accident was the major factor.
“As long as you have COVID in your system you get to claim it as a COVID death, which means you get more money as attending physician, hospital, whatever,” Luetkemeyer said during the hearing. “Would you like to comment on that, about the perverse incentive? Is there an effort to try and do something different.”
Redfield responded by telling the congressman, “I think you’re correct in that and we’ve seen this in other disease processes too.”
“In the HIV epidemic, somebody may have a heart attack but also have HIV,” Redfield explained. “The hospital would prefer the DRG [death report] for HIV because there’s greater reimbursement. So I do think there is some reality to that.”
Redfield said that death reporting comes down to what a physician thinks and how he or she classifies a death in a death certificate. He also said the National Center for Health Statistics reviews “all those death certificates.”
“I think it is less operable in the cause of death although I won’t say there are not some cases,” he said. “I do think, though, when it comes to hospital reimbursement issues for individuals that get discharged, there could be some play in that for sure.”
Luetkemeyer previously posed a similar question to Adm. Brett Giroir, Department of Health and Human Services assistant secretary for health, in a July 2 hearing. However, the discussion was halted due to time constraints.
In the July 2 hearing, the legislator also asked about the discrepancy in COVID-19 reporting that saw an automobile death recorded as a COVID-19 death.
MORE:
www.christianpost.com/news/cdc-director-agrees-that-hospitals-have-monetary-incentive-to-inflate-covid-19-data.html
Now…
Below is a breakdown of how much money each state receives from the Feds per COVID case. As you can see, they’re greatly incentivized to inflate the numbers as much as they can to receive as much money as possible.
Alabama
$158,000 per COVID-19 case
Alaska
$306,000
Arizona
$23,000
Arkansas
$285,000
California
$145,000
Colorado
$58,000
Connecticut
$38,000
Delaware
$127,000
District of Columbia
$56,000
Florida
$132,000
Georgia
$73,000
Hawaii
$301,000
Idaho
$100,000
Illinois
$73,000
Indiana
$105,000
Iowa
$235,000
Kansas
$291,000
Kentucky
$297,000
Louisiana
$26,000
Maine
$260,000
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Maryland
$120,000
Massachusetts
$44,000
Michigan
$44,000
Minnesota
$380,000
Mississippi
$166,000
Missouri
$175,000
Montana
$315,000
Nebraska
$379,000
Nevada
$98,000
New Hampshire
$201,000
New Jersey
$18,000
New Mexico
$171,000
New York
$12,000
North Carolina
$252,000
North Dakota
$339,000
Ohio
$180,000
Oklahoma
$291,000
Oregon
$220,000
Pennsylvania
$68,000
Rhode Island
$52,000
South Carolina
$186,000
South Dakota
$241,000
Tennessee
$166,000
Texas
$184,000
Utah
$94,000
Vermont
$87,000
Virginia
$201,000
Washington
$58,000
West Virginia
$471,000
Wisconsin
$163,000
Wyoming
$278,000
SOURCE:
www.beckershospitalreview.com/finance/state-by-state-breakdown-of-federal-aid-per-covid-19-case.html
h/t STAX


investmentwatchblog--2020-09-22--DXY: A push to 100 during a crash could repeat itself from March…. QQQ (Nasdaq 100 ETF) sees largest

DXY: A push to 100 during a crash could repeat itself from March…. QQQ (Nasdaq 100 ETF) sees largest outflow since the tech bubble burst 20 years ago.

It 's funny but it is n't a joke .
The $ DXY is a better fear gauge than $ @ @ @ @ @ is now tied up in assets ( like stocks ) that there just is n't @ @ @ @ @ when Dollars are suddenly demanded .
A push to 100 during a crash could repeat @ @ @ @

It's funny but it isn't a joke. The $DXY is a better fear gauge than $VIX as so much cash is now tied up in assets (like stocks) that there just isn't a lot of liquidity available when Dollars are suddenly demanded. A push to 100 during a crash could repeat itself from March.
— Brad Huston (@BradHuston) September 22, 2020


investmentwatchblog--2020-09-23--Tech Stocks DROP as Market Worries No More Stimulus! CBO Warns Debt “Unsustainable”

Tech stocks have been the biggest and best of the financial system right now .
More flowing in , debt @ @ @ @ @ and control .
Suddenly , there has been another turnaround .
Not the first one @ @ @ @ @ that ’ s for sure .
With just about every retail investor , institutional investor @ @ @ @ @ fund buying tech stocks , the question is : Will they ever go meaningfully down @ @ @ @ @ Dow drops more than 500 points , S & P 500 posts first 4-day losing @ @ @ @ @ accelerates and is expected to get worse before it gets better A financial crisis could @ @ @ @ @ than later , ’ warns Deutsche Bank – MarketWatch After the Stimulus Binge , Brace @ @ @ @ @ Government debt rose at a 59 % pace in Q2 amid effort to halt coronavirus @ @ @ @ @ Checks ?
Some Owners Are Wary – The New York Times

Tech stocks have been the biggest and best of the financial system right now. More flowing in, debt building higher, more ownership and control. Suddenly, there has been another turnaround. Not the first one this sector has experienced, that’s for sure. With just about every retail investor, institutional investor, and central bank-turned hedge fund buying tech stocks, the question is: Will they ever go meaningfully down?
Stock market today: Dow drops more than 500 points, S&P 500 posts first 4-day losing streak since February
www.cnbc.com/2020/09/20/stock-market-futures-open-to-close-news.html
Stock sell-off accelerates and is expected to get worse before it gets better
www.cnbc.com/2020/09/21/stock-sell-off-accelerates-and-is-expected-to-get-worse-before-it-gets-better.html
Monday’s stock-market selloff sets up worst September in 18 years – MarketWatch
www.marketwatch.com/story/mondays-stock-market-selloff-sets-up-worst-september-in-18-years-11600706182
SPX top and bottom_0.jpg (667×405)
www.zerohedge.com/s3/files/inline-images/SPX%20top%20and%20bottom_0.jpg?itok=qXoPV0o6
NDX drop.jpg (1013×345)
www.zerohedge.com/s3/files/inline-images/NDX%20drop.jpg?itok=a1787Lxb
tqqq flows 9.21.jpg (1280×630)
www.zerohedge.com/s3/files/inline-images/tqqq%20flows%209.21.jpg?itok=PJoYYZVS
Deutsche Bank, JPMorgan lead drop in bank shares amid suspicious funds report
www.cnbc.com/2020/09/21/deutsche-bank-jpmorgan-lead-drop-in-financial-shares-amid-report-the-banks-moved-suspicious-funds.html
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HSBC25.png (1280×629)
www.zerohedge.com/s3/files/inline-images/HSBC25.png?itok=CI1nlGxz
A financial crisis could surprise investors ‘sooner rather than later,’ warns Deutsche Bank – MarketWatch
www.marketwatch.com/story/a-financial-crisis-could-surprise-investors-sooner-rather-than-later-warns-deutsche-bank-11600686154
im-234421 (962×1230)
images.mktw.net/im-234421?width=1260&size=0.7819181429444105
After the Stimulus Binge, Brace for a Crash – Reason.com
reason.com/2020/09/21/after-the-stimulus-spending-binge-brace-for-a-big-crash/
Congressional Budget Office: Federal debt nears ‘unsustainable’ levels – Washington Times
www.washingtontimes.com/news/2020/sep/21/congressional-budget-office-federal-debt-nears-uns/
Government debt rose at a 59% pace in Q2 amid effort to halt coronavirus
www.cnbc.com/2020/09/21/government-debt-rose-at-a-59percent-pace-in-q2-amid-effort-to-halt-virus.html
A Covid Surcharge on Restaurant Checks? Some Owners Are Wary – The New York Times
www.nytimes.com/2020/09/17/dining/nyc-restaurant-surcharge-covid.html


investmentwatchblog--2020-09-23--The CDC spent your taxpayer money on a $106 million visitor center decorated with waterfalls and Jap

The CDC spent your taxpayer money on a $106 million visitor center decorated with waterfalls and Japanese gardens…

The CDC spent your taxpayer money on a $ 106 million visitor center decorated with waterfalls and Japanese gardens and a $ 200,000 fitness center with saunas and zero-gravity chairs .
The $ 106-million Thomas R. Harkin Global Communications Center was built to replace the CDC ’ s older visitor center , which was built only 11 years ago , with a $ 5.1 million on audio-visual integration , including a 70-foot by 25-foot video wall of plasma screen televisions , and a video production studio which costs $ 18.6 million .
The grounds feature a greenscape with a stream @ @ @ @ @ @ @ , limestone bridges , waterfalls , Japanese gardens and fountains .
One problem cited in Coburn ’ s report is the CDC ’ s new visitor center and communications center at the campus in Atlanta .
The $ 106-million Thomas R. Harkin Global Communications Center was built to replace the CDC ’ s older visitor center , which was built only 11 years ago .
According to Coburn ’ s report , the CDC spent $ 5.1 million on “ audio-visual integration ” for the new facility , including a 70-foot by 25-foot @ @ @ @ @ @ @ A video production studio costs $ 18.6 million .
The grounds feature a greenscape with a stream running over artificial rocks into a pond , limestone bridges , waterfalls , Japanese gardens and fountains .
The center also boasts a statue of a woman made of vegetables , paid for by the CDC .
The statue evidently is supposed to encourage visitors to eat healthier foods .
“ The CDC already had a visitor center , ” said a Coburn staffer who asked that her name not be used .
“ They said @ @ @ @ @ @ @ … so it ’ s not necessarily a bad idea , it ’ s just a bad prioritization of funds , ” the staffer told Cybercast News Service .
Leslie Paige , media director at Citizens Against Government Waste , questioned whether the CDC needed a visitor center in the first place .
“ It ’ s not exactly a destination resort , ” she told Cybercast News Service .
The center is named after Sen. Tom Harkin ( D-Ill. ) , formerly the ranking member on the Senate Appropriations Committee and still @ @ @ @ @ @ @ raising eyebrows was a new fitness center built on the CDC ’ s Atlanta campus in 2006 .
According to Coburn ’ s report , the 16,000-square-foot exercise facility houses more than 70 strength and cardiovascular fitness machines and an indoor cycling room with images of the Tour de France projected on the walls .
It also features a sauna area worth $ 30,000 and dimly-lit “ quiet rooms ” with zero-gravity chairs , music and therapeutic pastel light shows .
In his statement , Skinner defended the fitness center , claiming that @ @ @ @ @ @ @ and was necessary for the well-being of CDC employees .
“ We have first-rate facilities for first-rate employees , ” he said .
Coburn ’ s staffer stood by the report ’ s criticisms and said that a fitness center “ should not be a priority for the CDC.
” She also claimed that the CDC had been dishonest about the fitness center ’ s construction .
“ We actually asked about the fitness center as it was being built , and we were told — and we have it in writing from @ @ @ @ @ @ @ going to be purchasing any new equipment for the fitness center .
They would use old fitness center equipment , ” she said .
According to Coburn ’ s report , the CDC also has established a Hollywood liaison program , which collaborates with the entertainment industry to make sure that medical TV show plotlines are credible .
The agency has spent about $ 1.7 million since 2001 making sure that shows like “ ER , ” “ House , ” “ 24 ” and “ Grey ’ s Anatomy ” are medically @ @ @ @ @ @ @ is spent per episode consult , according to the report .
Paige questioned the cost .
“ What we ’ ve seen in other agencies is that this entails sending delegations to Warner Brothers and Hollywood to hobnob with entertainment people , ” she said .
“ I don ’ t know if the CDC has done that , but what is that money going towards ?
” she asked .
Of the $ 1.7 million , $ 55,000 came from the CDC ’ s terrorism account , and another $ 18,386 came @ @ @ @ @ @ @ Disease Registry .
The report called the decisions puzzling in a time of limited federal funds and agency calls for additional funds to prepare for potential bioterrorism attacks.
” Also controversial was the CDC ’ s push for “ ER ” producers to put a condom poster on the set “ as a roundabout way of getting the health message to TV viewers.
” Sorry but it is closed due to a disease at the Center for Disease Control ?
No biohazard suits were available for purchase in the gift store .

The CDC spent your taxpayer money on a $106 million visitor center decorated with waterfalls and Japanese gardens and a $200,000 fitness center with saunas and zero-gravity chairs.
The $106-million Thomas R. Harkin Global Communications Center was built to replace the CDC’s older visitor center, which was built only 11 years ago, with a $5.1 million on audio-visual integration, including a 70-foot by 25-foot video wall of plasma screen televisions, and a video production studio which costs $18.6 million.
The grounds feature a greenscape with a stream running over artificial rocks into a pond, limestone bridges, waterfalls, Japanese gardens and fountains.
www.cnsnews.com/news/article/cdc…ate-report
One problem cited in Coburn’s report is the CDC’s new visitor center and communications center at the campus in Atlanta.
The $106-million Thomas R. Harkin Global Communications Center was built to replace the CDC’s older visitor center, which was built only 11 years ago.
According to Coburn’s report, the CDC spent $5.1 million on “audio-visual integration” for the new facility, including a 70-foot by 25-foot video wall of plasma screen televisions. A video production studio costs $18.6 million.
The grounds feature a greenscape with a stream running over artificial rocks into a pond, limestone bridges, waterfalls, Japanese gardens and fountains.
The center also boasts a statue of a woman made of vegetables, paid for by the CDC. The statue evidently is supposed to encourage visitors to eat healthier foods.
“The CDC already had a visitor center,” said a Coburn staffer who asked that her name not be used. “They said they had about 15,000 visitors per year … so it’s not necessarily a bad idea, it’s just a bad prioritization of funds,” the staffer told Cybercast News Service.
Leslie Paige, media director at Citizens Against Government Waste, questioned whether the CDC needed a visitor center in the first place.
“It’s not exactly a destination resort,” she told Cybercast News Service.
The center is named after Sen. Tom Harkin (D-Ill.), formerly the ranking member on the Senate Appropriations Committee and still a member of the committee.
Fitness center and Hollywood ties
Also raising eyebrows was a new fitness center built on the CDC’s Atlanta campus in 2006.
We are primarily funded by readers. Please subscribe and donate to support us!
According to Coburn’s report, the 16,000-square-foot exercise facility houses more than 70 strength and cardiovascular fitness machines and an indoor cycling room with images of the Tour de France projected on the walls. It also features a sauna area worth $30,000 and dimly-lit “quiet rooms” with zero-gravity chairs, music and therapeutic pastel light shows.
In his statement, Skinner defended the fitness center, claiming that it was not a waste of money and was necessary for the well-being of CDC employees.
“We have first-rate facilities for first-rate employees,” he said.
Coburn’s staffer stood by the report’s criticisms and said that a fitness center “should not be a priority for the CDC.” She also claimed that the CDC had been dishonest about the fitness center’s construction.
“We actually asked about the fitness center as it was being built, and we were told — and we have it in writing from the CDC — that they were not going to be purchasing any new equipment for the fitness center. They would use old fitness center equipment,” she said.
According to Coburn’s report, the CDC also has established a Hollywood liaison program, which collaborates with the entertainment industry to make sure that medical TV show plotlines are credible.
The agency has spent about $1.7 million since 2001 making sure that shows like “ER,” “House,” “24” and “Grey’s Anatomy” are medically accurate. An average of $6,000 is spent per episode consult, according to the report.
Paige questioned the cost. “What we’ve seen in other agencies is that this entails sending delegations to Warner Brothers and Hollywood to hobnob with entertainment people,” she said.
“I don’t know if the CDC has done that, but what is that money going towards?” she asked.
Of the $1.7 million, $55,000 came from the CDC’s terrorism account, and another $18,386 came from the Agency for Toxic Substances and Disease Registry. The report called the decisions puzzling in a time of limited federal funds and agency calls for additional funds to prepare for potential bioterrorism attacks.”
Also controversial was the CDC’s push for “ER” producers to put a condom poster on the set “as a roundabout way of getting the health message to TV viewers.”
Sorry but it is closed due to a disease at the Center for Disease Control?
No biohazard suits were available for purchase in the gift store.
AC


investmentwatchblog--2020-09-23--The Stage Has Been Set For The Most Chaotic Election In U.S. History

If you are deeply concerned about what is going to happen in November , you are definitely not alone .
Experts on both sides of the political spectrum have been warning that it is very likely that we will not know the winner of the presidential election until well after November 3rd , and everyone pretty much agrees that the period of uncertainly that we will be forced to endure will not be good for our nation .
Those of us that are old enough clearly remember the pain that the election of 2000 caused .
The outcome hinged on @ @ @ @ @ @ @ , and the endless recounts were finally brought to a conclusion after 36 very stressful days with George W. Bush up by just 537 votes .
Unfortunately , some are saying that we are potentially facing “ the 2000 election on steroids ” because vote counting will be going on in multiple swing states long after election night is over .
The big reason why this election is going to be so different from previous elections is because so many Americans are going to be voting by mail .
According to one recent @ @ @ @ @ @ @ all voters plan to cast their votes by mail this time around… Other estimates put the number as high as 40 percent , and it could go even higher than that because some states are promoting mail-in voting extremely aggressively .
In fact , as I detailed yesterday , one of my readers told me that he and his wife “ have received three requests each for mail in ballots ” over the past five weeks .
We are also being told that Democrats are far more likely to vote by mail than @ @ @ @ @ @ @ survey that I quoted above , supporters of Biden are more than twice as likely to vote by mail than Trump supporters are… It takes a lot of time to open and count ballots that have been mailed in .
If that work could be done in advance , that wouldn ’ t be that much of a problem .
Unfortunately , there are 14 states where it is prohibited by law to count mail-in ballots before Election Day , and that includes some of our most important swing states… It should deeply @ @ @ @ @ @ @ it “ could take days or weeks ” for some of these states to finally count every single ballot .
And that is just the first count .
I am not even talking about any potential recounts .
At this point , many Democrats are warning of a possible “ red mirage ” on the night of the election .
Many of them believe that it will look like President Trump is winning on election night , but that Joe Biden will ultimately win once all of the mail-in votes are finally counted @ @ @ @ @ @ @ the fact that there has been a “ blue shift ” in all national elections going back to 2004… Personally , I do believe that it is very likely that President Trump will be leading on the night of the election , but what is really going to matter is what happens during the days that follow .
If a Trump lead evaporates and Biden is eventually declared the winner , there will be widespread allegations that the election was stolen , and that could cause tremendous explosions of anger .
And the @ @ @ @ @ @ @ post-election chaos .
In fact , Facebook has openly announced that they will purposely “ restrict the circulation of content ” in order to try to control civil unrest… Facebook announced this week that it may restrict certain aspects of its platform following November ’ s general election as part of a larger effort to limit social unrest .
A spokesperson for Facebook suggested that executives including Sheryl Sandberg and Mark Zuckerberg may censor specific information if they believe it is likely to heighten political tensions following the election .
According to a @ @ @ @ @ @ @ announced this week that it will “ restrict the circulation of content ” following November ’ s election to curb violence and social unrest .
The announcement follows efforts by Facebook to address concerns from those who have alleged that the platform aids in voter suppression and promotes election-misinformation .
What is this country going to look like if it takes weeks or even months to officially declare a winner ?
No matter who ends up winning , I believe that the process is so flawed that it is going to tear the @ @ @ @ @ @ @ the final result is , a large percentage of the population will never accept the outcome as being legitimate .
This is already one of the most difficult chapters in U.S. history , and a bitterly contested election result will only make things even worse .
At this point , even the mainstream media is admitting that we are heading into “ wild ” times .
The following comes from CNN… Just about the only way that we can avoid the type of scenario that I have described is if there is an @ @ @ @ @ @ @ ’ t that be nice if that actually happened ?
It would be wonderful if one of the candidates conceded on November 3rd or November 4th and we could avoid weeks or even months of endless national strife , but I don ’ t think that is going to happen .
Instead , I believe that both sides are going to fight to the bitter end , and the end will definitely be very bitter indeed .

by Michael Snyder
If you are deeply concerned about what is going to happen in November, you are definitely not alone. Experts on both sides of the political spectrum have been warning that it is very likely that we will not know the winner of the presidential election until well after November 3rd, and everyone pretty much agrees that the period of uncertainly that we will be forced to endure will not be good for our nation. Those of us that are old enough clearly remember the pain that the election of 2000 caused. The outcome hinged on the results from the state of Florida, and the endless recounts were finally brought to a conclusion after 36 very stressful days with George W. Bush up by just 537 votes. Unfortunately, some are saying that we are potentially facing “the 2000 election on steroids” because vote counting will be going on in multiple swing states long after election night is over.
The big reason why this election is going to be so different from previous elections is because so many Americans are going to be voting by mail. According to one recent survey, a whopping 37 percent of all voters plan to cast their votes by mail this time around…
Thirty-seven percent of registered voters said they are likely to vote by mail in the November election, by receiving a mailed ballot and either mailing it back or returning it in person, according to a new survey released Tuesday by the Democracy Fund + UCLA Nationscape project.
Other estimates put the number as high as 40 percent, and it could go even higher than that because some states are promoting mail-in voting extremely aggressively.
In fact, as I detailed yesterday, one of my readers told me that he and his wife “have received three requests each for mail in ballots” over the past five weeks.
We are also being told that Democrats are far more likely to vote by mail than Republicans are. According to the same survey that I quoted above, supporters of Biden are more than twice as likely to vote by mail than Trump supporters are…
Among them, 48% of voters who plan to vote for Democratic presumptive nominee Joe Biden said they are likely to vote by mail, according to the survey. That’s more than twice the 23% of voters backing President Donald Trump who said they are likely to vote by mail.
It takes a lot of time to open and count ballots that have been mailed in. If that work could be done in advance, that wouldn’t be that much of a problem.
Unfortunately, there are 14 states where it is prohibited by law to count mail-in ballots before Election Day, and that includes some of our most important swing states…
Tens of millions of Americans will try to vote by mail because of the COVID-19 pandemic. But officials in 14 states are prohibited from processing mail-in ballots until Election Day; counting them could take days or weeks. Those states include Pennsylvania and Michigan, battlegrounds that could decide the election.
It should deeply alarm all of us to hear that it “could take days or weeks” for some of these states to finally count every single ballot.
And that is just the first count. I am not even talking about any potential recounts.
At this point, many Democrats are warning of a possible “red mirage” on the night of the election. Many of them believe that it will look like President Trump is winning on election night, but that Joe Biden will ultimately win once all of the mail-in votes are finally counted.
As evidence, they point to the fact that there has been a “blue shift” in all national elections going back to 2004…
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Since 2004, mail-in ballots have been disproportionately Democratic, a phenomenon known as the “blue shift.” So, barring a landslide, we could see a “red mirage” on Nov. 3, an election-night count of in-person votes that suggests that Trump has won — even though millions of votes for Biden are waiting to be tabulated.
Personally, I do believe that it is very likely that President Trump will be leading on the night of the election, but what is really going to matter is what happens during the days that follow.
If a Trump lead evaporates and Biden is eventually declared the winner, there will be widespread allegations that the election was stolen, and that could cause tremendous explosions of anger.
And the big tech companies are already preparing for post-election chaos. In fact, Facebook has openly announced that they will purposely “restrict the circulation of content” in order to try to control civil unrest…
Facebook announced this week that it may restrict certain aspects of its platform following November’s general election as part of a larger effort to limit social unrest. A spokesperson for Facebook suggested that executives including Sheryl Sandberg and Mark Zuckerberg may censor specific information if they believe it is likely to heighten political tensions following the election. According to a report by the Financial Times, Facebook announced this week that it will “restrict the circulation of content” following November’s election to curb violence and social unrest. The announcement follows efforts by Facebook to address concerns from those who have alleged that the platform aids in voter suppression and promotes election-misinformation.
What is this country going to look like if it takes weeks or even months to officially declare a winner?
No matter who ends up winning, I believe that the process is so flawed that it is going to tear the country apart.
And no matter what the final result is, a large percentage of the population will never accept the outcome as being legitimate.
This is already one of the most difficult chapters in U.S. history, and a bitterly contested election result will only make things even worse.
At this point, even the mainstream media is admitting that we are heading into “wild” times. The following comes from CNN…
Ask anyone about the next six weeks and they will likely give you some version of this as a response: Whoa boy. It is going to be wild. Which it is! The last 42 days of a presidential election are always filled with unpredictable storylines, big moments and, more than anything, uncertainty.
Just about the only way that we can avoid the type of scenario that I have described is if there is an overwhelming landslide on election night.
Wouldn’t that be nice if that actually happened?
It would be wonderful if one of the candidates conceded on November 3rd or November 4th and we could avoid weeks or even months of endless national strife, but I don’t think that is going to happen.
Instead, I believe that both sides are going to fight to the bitter end, and the end will definitely be very bitter indeed.


investmentwatchblog--2020-09-23--Seattle City Council Votes 7-2 to Veto Mayor and Defund the Police

The Seattle City Council voted 7-2 Tuesday evening to override a veto by Mayor Jenny Durkan of three budget bills @ @ @ @ @ cuts to the budget of the Seattle Police Department .
The council ’ s vote @ @ @ @ @ public debate about the controversial measure , all of it carried out online because of @ @ @ @ @ two council members who voted against overriding the veto were Alex Pedersen and Debora Juarez @ @ @ @ @ back in this moment in time , I want to be able to tell my @ @ @ @ @ m currently holding in my arms , that I did the right thing , and @ @ @ @ @ right side of history , ” said council President Lorena Gonzalez .
“ In my @ @ @ @ @ clear , ” said Councilmember Tammy Morales , who began her comments by reading the @ @ @ @ @ men and women killed by Seattle police officers over the last decade .
“ We @ @ @ @ @ community members about 400 years of investments .
”

The Seattle City Council voted 7-2 Tuesday evening to override a of three budget bills that would have halted sharp cuts to the budget of the Seattle Police Department.
The council’s vote capped several hours worth of public debate about the controversial measure, all of it carried out online because of the COVID-19 pandemic. The two council members who voted against overriding the veto were
Alex Pedersen and Debora Juarez.
“When I look back in this moment in time, I want to be able to tell my daughter, who I’m currently holding in my arms, that I did the right thing, and that I voted on the right side of history,” said council President Lorena Gonzalez.
We are primarily funded by readers. Please subscribe and donate to support us!
“In my mind, the choice is clear,” said Councilmember Tammy Morales, who began her comments by reading the names of all of the men and women killed by Seattle police officers over the last decade. “We owe our black and indigenous community members about 400 years of investments.”
komonews.com/news/local/seattle-city-council-votes-to-override-mayor-durkans-budget-veto


investmentwatchblog--2020-09-23--11 Million person’s under Tropical Beta Storm Watch

CARRYING flash flood warnings to Texas on Monday evening , Tropical Storm Beta made landfall as it tied the record @ @ @ @ @ hit the continental US in a year .
The record was set more than a @ @ @ @ @ , according to Colorado State University hurricane researcher Phil Klotzbach .
While Beta did not @ @ @ @ @ a hurricane , it threatened to dump large amounts of rainfall on the region that @ @ @ @ @ season .
Close to 11 million people living on the Texas and Louisiana coasts were @ @ @ @ @ , according to CNN .
Beta was not expected to bring as much rain as @ @ @ @ @ how much was difficult to determine .

CARRYING flash flood warnings to Texas on Monday evening, Tropical Storm Beta made landfall as it tied the record as the ninth storm to hit the continental US in a year.
The record was set more than a century ago, in 1916, according to Colorado State University hurricane researcher Phil Klotzbach.
While Beta did not appear on track to become a hurricane, it threatened to dump large amounts of rainfall on the region that has taken a pounding this season.
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Close to 11 million people living on the Texas and Louisiana coasts were placed under flash flood watches, according to CNN.
Beta was not expected to bring as much rain as a hurricane, but exactly how much was difficult to determine.
www.thesun.co.uk/news/12733246/tropical-storm-beta-landfall-record-storm/


investmentwatchblog--2020-09-23--Arson arrest map: Pretty much destroys the narrative of “drought and lightening” And these are just

Arson arrest map: Pretty much destroys the narrative of “drought and lightening” And these are just the ones that got caught

Pretty much destroys the narrative of `` drought and lightening '' And these are just the ones that got caught

Arson arrest map
Pretty much destroys the narrative of "drought and lightening"
And these are just the ones that got caught
Tip of the iceberg pic.twitter.com/qEz7s2I5VF
— Brian G. Powell,M.S. (@BrianGPowell) September 20, 2020


investmentwatchblog--2020-09-23--Joe Biden Wears Mask for Remote Interview..LOL

Former Vice President Joe Biden wore a mask for a remote interview with a local Wisconsin ABC affiliate on Monday @ @ @ @ @ unclear .
The mask is meant to prevent transmission of coronavirus to other people within @ @ @ @ @ Biden and reporter Brittany Schmidt from Green Bay ’ s WBAY appeared not to be @ @ @ @ @ Schmidt was maskless .
The interview appeared to be carried over Zoom or similar remote @ @ @

Former Vice President Joe Biden wore a mask for a remote interview with a local Wisconsin ABC affiliate on Monday, for reasons that remain unclear.
The mask is meant to prevent transmission of coronavirus to other people within a close radius, but Biden and reporter Brittany Schmidt from Green Bay’s WBAY appeared not to be in the same room. Schmidt was maskless.
We are primarily funded by readers. Please subscribe and donate to support us!
The interview appeared to be carried over Zoom or similar remote conferencing technology.
.@JoeBiden says he's the candidate of Science™, but he wore a mask for a Zoom interview today pic.twitter.com/sd6weIjfeC — Joel Pollak (@joelpollak) September 22, 2020
h/t Goneviral


investmentwatchblog--2020-09-23--Glenn Greenwald: What explains elite contempt for Joe Rogan?

This week on System Update , Glenn Greenwald talks to Shant Mesrobian , formerly with the Obama 2008 campaign and current co-host of ‘ The Backchannel ’ , about the disdain establishment liberals and mainstream journalists express for Joe Rogan , and how his platform has been growing in importance despite this .
Glenn Greenwald is one of three co-founding editors of The Intercept .
He is a journalist , constitutional lawyer , and author of four New York Times best-selling books on politics and law .
His most recent book , “ No Place to Hide , ” is @ @ @ @ @ @ @ experiences reporting on the Snowden documents around the world .
Prior to co-founding The Intercept , Glenn ’ s column was featured in the Guardian and Salon .
He was the debut winner , along with Amy Goodman , of the Park Center I.F .
Stone Award for Independent Journalism in 2008 , and also received the 2010 Online Journalism Award for his investigative work on the abusive detention conditions of Chelsea Manning .
For his 2013 NSA reporting , he received the George Polk Award for National Security Reporting ; the Gannett @ @ @ @ @ @ @ Gannett Foundation Watchdog Journalism Award ; the Esso Premio for Excellence in Investigative Reporting in Brazil ( he was the first non-Brazilian to win ) , and the Electronic Frontier Foundation ’ s Pioneer Award .
Along with Laura Poitras , Foreign Policy magazine named him one of the top 100 Global Thinkers for 2013 .
The NSA reporting he led for the Guardian was awarded the 2014 Pulitzer Prize for public service .

The Intercept, Released on 9/22/20
This week on System Update, Glenn Greenwald talks to Shant Mesrobian, formerly with the Obama 2008 campaign and current co-host of ‘The Backchannel’, about the disdain establishment liberals and mainstream journalists express for Joe Rogan, and how his platform has been growing in importance despite this.
We are primarily funded by readers. Please subscribe and donate to support us!
Glenn Greenwald is one of three co-founding editors of The Intercept. He is a journalist, constitutional lawyer, and author of four New York Times best-selling books on politics and law. His most recent book, “No Place to Hide,” is about the U.S. surveillance state and his experiences reporting on the Snowden documents around the world. Prior to co-founding The Intercept, Glenn’s column was featured in the Guardian and Salon. He was the debut winner, along with Amy Goodman, of the Park Center I.F. Stone Award for Independent Journalism in 2008, and also received the 2010 Online Journalism Award for his investigative work on the abusive detention conditions of Chelsea Manning. For his 2013 NSA reporting, he received the George Polk Award for National Security Reporting; the Gannett Foundation Award for investigative journalism and the Gannett Foundation Watchdog Journalism Award; the Esso Premio for Excellence in Investigative Reporting in Brazil (he was the first non-Brazilian to win), and the Electronic Frontier Foundation’s Pioneer Award. Along with Laura Poitras, Foreign Policy magazine named him one of the top 100 Global Thinkers for 2013. The NSA reporting he led for the Guardian was awarded the 2014 Pulitzer Prize for public service.