investmentwatchblog--2020-12-25--Capital Hills “Republican Democratic party” define corruption. They stole our money and gave it back

Capital Hills “Republican Democratic party” define corruption. They stole our money and gave it back to us.

The latest Republican democratic party garbage bill is just that , GARBAGE .
I started reading it yesterday , and by 7 am this morning I had a strange urge to pick up a pitchfork and drive to DC .
I expected it to be bad , but not this bad .
The first question I have for grifters on Capital Hill is “ How can you give us money that ’ s already ours ?
Sure , it ’ s our tax money so you can say it ’ s already ours , but that ’ s not what @ @ @ @ @ @ @ saying is that they stole our money and gave it back to us .
How ?
If you have paying close attention you would know that we have $ 450 billion left over from the first round of stimulus checks and the CARES ACT .
The money had already been approved and is already ours .
We didn ’ t have to wait for a new round of funding to be approved .
It was just a simple matter of distribution .
What they did was steal our money , our 450 billion @ @ @ @ @ @ @ and gave it back to us , as if it was theirs to give .
On top of that , they are actually giving us less than the 450 billion of the money that was already ours .
The $ 600 check they plan on giving us totals to no more than $ 150 billion to $ 200 billion dollars .
The remaining amount of the money they stole from us is going foreign aid and additional garbage that ’ s in the bill .
This bill is perfect evidence of a crime @ @ @ @ @ @ @ .
They can not take money that is ours and give it to us again .
That ’ s like getting a bonus at work .
“ Last year you got a bonus , You spent some of it and have some left over .
A year later , this year , they take your remaining money and give you a small amount of it as this years bonus and the larger amount to someone else ” .
It doesn ’ t happen because this is obvious theft .
This shouldn ’ t @ @ @ @ @ @ @ they are doing is illegal and everyone that signed the bill needs to be arrested .
What you also are not being told is that they approved an additional $ 450 billion for 2023 .
At least that ’ s how I ’ m reading it .
Lets take a look at some of the details .
Here are some examples where it appeared that they are trying to “ normalize ” illegals that have entered our country .
These are subtle attempts to redefine what is considered to be a legal American @ @ @ @ @ @ @ ” to reference for future cases .
They say things like “ United States Person ” means… .
How about what a Foreign person is ?
Eligible individual means any individual other than any nonresident alien individual .
Basically saying a resident illegal alien is eligible .
Next we have Health care and aid to Non citizens of the USA .
Training and grants for migrant workers ( illegals ) .. Additional money to care for illegals in Jail .
Money for ex cons and High school dropouts ... *Multiple examples from different @ @ @ @ @ @ @ for the State Criminal Assistance Program .
That ’ s more than the $ 600 relief money total .
Here is a example where they are giving the United Nations control over US policy .
Here they are telling the Executive branch they need to get permission on what how they spend their money .
Here they are trying to manipulate Policy This one is just weird .
I guess this next one does not apply to them .
And I ’ ll end with this last one .
They forgot to tell @ @ @ @ @ @ @ to the states for administrative expenses .
It comes from the Employment Security Administration Account in the Unemployment Trust Fund .
This is what they say it costs to give us our $ 600 and crumbs .
Don ’ t worry , they can only spend up to $ 3,332,683,000 .
Id President Trump ’ s advisors don ’ t spot these problems and he signs , we could have some serious problems in the future .
This is just a small sample of a bill full of trash .
As you can @ @ @ @ @ @ @ a bunch of corrupt traitors .
They have been stealing money from America and every single person that lives in the USA .
If you ’ ve had any doubt in the past , this Garbage bill should be an eye opener .
This is obvious theft .
They ’ re not even trying to hide it .
They run the country into the ground as they simultaneously attempt to take away everything you have worked for .
They do it with a smile , with lies and broken promises spewing out of @ @ @ @ @ @ @ you for a minute as they punch you in the face and saying “ Sit there and take it .
You can ’ t do anything about it ” .
Laughing , giving each other high fives , as they live off of your misfortune , your pain , struggles and suffering .
We put our trust into them and give them the authority to run our country .
To enforce the rule of law .
To be caretakers of the US Constitution .
To make sure our liberties and freedom are protected @ @ @ @ @ @ @ of every American .
It ’ s not just a job that we elected them for , it ’ s a privilege .
They take this privilege , this trust and throw it out the window and give us a big “ F you ” .
A undefinable number of people have died to protect the prosperity and ideals of our country .
This means zero to the Capital Hill crime gang .
Daily , they take part of America and your spirit and give it away to anyone that is not American @ @ @ @ @ @ @ citizen long ago .
They quit working for America long ago .
They don ’ t care about anyone but themselves .
They should be considered compromised and be placed in leg irons…… There is more to say but I ’ ll end it right there .
I have two questions .
Do you own a pitchfork ?
Are you ready to commit % 100 to take your country back ?
There are 100 seats in the Senate .
435 in the House of Representatives for a total of 535 .
There are @ @ @ @ @ @ @ The solution is simple .
Think about it .
* The American dollar is the global currency .
These Capital Hill grifters are trying to destroy our economy .
They are trying to devalue the American dollar so that China ’ s Renminbi or “ Yaun ” can replace it as the Global currency .
We must stop the grift .

by Deplorable Patriot
The latest Republican democratic party garbage bill is just that, GARBAGE. I started reading it yesterday, and by 7 am this morning I had a strange urge to pick up a pitchfork and drive to DC. I expected it to be bad, but not this bad.
The first question I have for grifters on Capital Hill is “How can you give us money that’s already ours? Sure, it’s our tax money so you can say it’s already ours, but that’s not what I mean. What I’m saying is that they stole our money and gave it back to us. How?
If you have paying close attention you would know that we have $450 billion left over from the first round of stimulus checks and the CARES ACT. The money had already been approved and is already ours. We didn’t have to wait for a new round of funding to be approved. It was just a simple matter of distribution.
What they did was steal our money, our 450 billion, called it “repurpose”, and gave it back to us, as if it was theirs to give. On top of that, they are actually giving us less than the 450 billion of the money that was already ours.
The $600 check they plan on giving us totals to no more than $150 billion to $200 billion dollars. The remaining amount of the money they stole from us is going foreign aid and additional garbage that’s in the bill.
This bill is perfect evidence of a crime and should be enough make arrests. . They cannot take money that is ours and give it to us again. That’s like getting a bonus at work. “Last year you got a bonus, You spent some of it and have some left over. A year later, this year, they take your remaining money and give you a small amount of it as this years bonus and the larger amount to someone else”. It doesn’t happen because this is obvious theft. This shouldn’t be too hard to understand. What they are doing is illegal and everyone that signed the bill needs to be arrested.
What you also are not being told is that they approved an additional $450 billion for 2023. At least that’s how I’m reading it.
Lets take a look at some of the details. Here are some examples where it appeared that they are trying to “normalize” illegals that have entered our country. These are subtle attempts to redefine what is considered to be a legal American citizen. Attempts to establish “precedent” to reference for future cases. They say things like “United States Person” means….
How about what a Foreign person is?
Eligible individual means any individual other than any nonresident alien individual. Basically saying a resident illegal alien is eligible.
Next we have Health care and aid to Non citizens of the USA. Training and grants for migrant workers(illegals).. Additional money to care for illegals in Jail. Money for ex cons and High school dropouts...
*Multiple examples from different parts of bill
How about $244,000,000 for the State Criminal Assistance Program. That’s more than the $600 relief money total.
Here is a example where they are giving the United Nations control over US policy.
Here they are telling the Executive branch they need to get permission on what how they spend their money.
We are primarily funded by readers. Please subscribe and donate to support us!
Here they are trying to manipulate Policy
Make it easier/legal to accept bribes.
This one is just weird.
I guess this next one does not apply to them.
And I’ll end with this last one. They forgot to tell anyone about the additional funds being giving to the states for administrative expenses. It comes from the Employment Security Administration Account in the Unemployment Trust Fund. This is what they say it costs to give us our $600 and crumbs. Don’t worry, they can only spend up to $3,332,683,000.
source docs.house.gov/billsthisweek/20201221/BILLS-116HR133SA-RCP-116-68.pdf
Closing rant
Id President Trump’s advisors don’t spot these problems and he signs, we could have some serious problems in the future. This is just a small sample of a bill full of trash. As you can see, the Republican Democrat Party are a bunch of corrupt traitors. They have been stealing money from America and every single person that lives in the USA.
If you’ve had any doubt in the past, this Garbage bill should be an eye opener. This is obvious theft. They’re not even trying to hide it. They run the country into the ground as they simultaneously attempt to take away everything you have worked for. They do it with a smile, with lies and broken promises spewing out of their mouths. They get honest with you for a minute as they punch you in the face and saying “Sit there and take it. You can’t do anything about it”. Laughing, giving each other high fives, as they live off of your misfortune, your pain, struggles and suffering.
We put our trust into them and give them the authority to run our country. To enforce the rule of law. To be caretakers of the US Constitution. To make sure our liberties and freedom are protected. To be the voices and will of every American. It’s not just a job that we elected them for, it’s a privilege. They take this privilege, this trust and throw it out the window and give us a big “F you”.
A undefinable number of people have died to protect the prosperity and ideals of our country. This means zero to the Capital Hill crime gang. Daily, they take part of America and your spirit and give it away to anyone that is not American. they quit working for the American citizen long ago. They quit working for America long ago. They don’t care about anyone but themselves. They should be considered compromised and be placed in leg irons…… There is more to say but I’ll end it right there.
I have two questions. Do you own a pitchfork? Are you ready to commit %100 to take your country back? There are 100 seats in the Senate. 435 in the House of Representatives for a total of 535. There are 331 million people in the USA. The solution is simple. Think about it.
Respectfully,
Deplorable Patriot, MAGA
DC Jan 3-6 We shall Prevail
* The American dollar is the global currency. These Capital Hill grifters are trying to destroy our economy. They are trying to devalue the American dollar so that China’s Renminbi or “Yaun” can replace it as the Global currency. We must stop the grift.
Additional Relief Bill FOTM post click here


investmentwatchblog--2020-12-25--IMF blog: credit score should be based on browsing history

I do n't care where you stand politically , this should bother you .
3 days ago nearly everyone agreed @ @ @ @ @ .
Then Trump called it out , which was followed by people being afraid to @ @ @ @ @ days ago in fear of agreeing with him .
This is a major problem

RT, Released on 12/21/20
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Be careful what you google!


investmentwatchblog--2020-12-25--Rickards: China Has Infiltrated America

Rickards: China Has Infiltrated America

Spying is as old as civilization .
As long as there have been leaders with secrets and armies on the march , opponents have wanted to know what they ’ re thinking and where they ’ re going .
Hence the need for spies .
And it comes as no surprise that the Chinese are as good as anyone when it comes to spying and that their main target is the United States .
What may come as a surprise is the scope of their success and the enormous number of operatives , influencers , sleepers and other varieties of @ @ @ @ @ @ @ institutions .
Of course , a lot of spying today involves surveillance of phone calls , digital message traffic , online financial transactions , facial recognition software , satellite surveillance and other electronic tradecraft .
But the old fashioned methods of the human spy penetrating organizations , gaining trust and stealing secrets have never gone away .
In fact , that type of human intelligence ( HUMINT ) seems to be having a renaissance .
Members of the Chinese Communist Party who pledge to “ fight for communism throughout my life … and… @ @ @ @ @ @ @ hard at work inside companies like Boeing , Pfizer and Qualcomm , political strongholds like the U.S. State Department , and on Capitol Hill .
Other spies operate clandestinely , including a woman named Fang Fang , a young attractive Chinese spy who worked her way into an intimate relationship with Congressman Eric Swalwell ( D-CA ) , a member of the House Intelligence Committee who routinely receives classified briefings .
This is a classic intelligence technique known as a Honey Trap .
Swalwell fell for it .
Somehow Fang got a heads @ @ @ @ @ @ @ she could be turned into a double-agent or simply arrested by the FBI .
No word yet on who gave her the heads-up , but Swalwell is suspected .
The Chinese intelligence services have also penetrated academia using so-called Confucius Institutes ( cultural exchange facilities that are really nests of spies ) and lavish research grants .
Too often , Americans are ensnared in Chinese spying efforts either because they are naive or just greedy for the money the Chinese spread around .
U.S. targets simply turn a blind eye to the damage @ @ @ @ @ @ @ America ’ s technological and strategic edge will be blunted by Chinese theft of secrets and compromise of elite decision-makers .
Let ’ s hope this changes , but don ’ t hold your breath .
Will the U.S. intelligence community get a grip on the Chinese threat ?
There ’ s good news and bad news .
The good news is that the U.S .
The Intelligence Community , particularly the CIA , seem to have woken up to the fact that the world has changed .
The bad news is that @ @ @ @ @ @ @ the same hidebound bureaucrats , the same ‘ go along to get along ’ guys I saw during my years at the Agency .
A big problem is the “ culture of secrecy.
” Forty years ago , secrets were valuable , and open-source information was not particularly useful beyond just keeping up with the news .
Information used to be a scarce resource .
But that world has changed .
Today , information flow is like a fire hose ; there ’ s almost more than you can process .
The scarce @ @ @ @ @ @ @ ’ s analytic ability .
There ’ s not much going on behind closed doors that you can ’ t find or infer from open sources .
When I told this to CIA officials 14 years ago , I was mostly brushed off or ignored .
So , at least they now recognize that I was right .
The bad news is that the CIA still filters information through ideological blinkers .
Carmen Medina , a former CIA Deputy Director of Intelligence says , “ the 2020 Presidential Election was the most secure @ @ @ @ @ @ @ it was riddled with fraud , as demonstrated by ample video , eyewitness and forensic evidence .
Can you trust senior U.S. intelligence officials ?
It ’ s questionable .
While the CIA is giving open-source information its due ( about twenty years too late ) , it still bungles the analysis with a triumph of ideology over cold , hard analytic technique .
The ground team is very good .
The junior ranks are committed to their jobs and do them well .
The problem is the senior ranks , who often @ @ @ @ @ @ @ not bode well for America ’ s ability to stand up to China in the new administration .
Further economic distress for the U.S. is a predictable result .

BY JAMES RICKARDS
Spying is as old as civilization. As long as there have been leaders with secrets and armies on the march, opponents have wanted to know what they’re thinking and where they’re going. Hence the need for spies.
And it comes as no surprise that the Chinese are as good as anyone when it comes to spying and that their main target is the United States. What may come as a surprise is the scope of their success and the enormous number of operatives, influencers, sleepers and other varieties of spies who have already infiltrated critical U.S. institutions.
Of course, a lot of spying today involves surveillance of phone calls, digital message traffic, online financial transactions, facial recognition software, satellite surveillance and other electronic tradecraft.
But the old fashioned methods of the human spy penetrating organizations, gaining trust and stealing secrets have never gone away. In fact, that type of human intelligence (HUMINT) seems to be having a renaissance.
Members of the Chinese Communist Party who pledge to “fight for communism throughout my life … and… be loyal to the party” are hard at work inside companies like Boeing, Pfizer and Qualcomm, political strongholds like the U.S. State Department, and on Capitol Hill.
Other spies operate clandestinely, including a woman named Fang Fang, a young attractive Chinese spy who worked her way into an intimate relationship with Congressman Eric Swalwell (D-CA), a member of the House Intelligence Committee who routinely receives classified briefings.
This is a classic intelligence technique known as a Honey Trap. Swalwell fell for it. Somehow Fang got a heads up and fled back to China before she could be turned into a double-agent or simply arrested by the FBI.
No word yet on who gave her the heads-up, but Swalwell is suspected. The Chinese intelligence services have also penetrated academia using so-called Confucius Institutes (cultural exchange facilities that are really nests of spies) and lavish research grants.
Too often, Americans are ensnared in Chinese spying efforts either because they are naive or just greedy for the money the Chinese spread around. U.S. targets simply turn a blind eye to the damage to America.
Until things change, America’s technological and strategic edge will be blunted by Chinese theft of secrets and compromise of elite decision-makers. Let’s hope this changes, but don’t hold your breath.
Will the U.S. intelligence community get a grip on the Chinese threat?
There’s good news and bad news. The good news is that the U.S. The Intelligence Community, particularly the CIA, seem to have woken up to the fact that the world has changed.
We are primarily funded by readers. Please subscribe and donate to support us!
The bad news is that it still seems to be riddled with the same hidebound bureaucrats, the same ‘go along to get along’ guys I saw during my years at the Agency.
A big problem is the “culture of secrecy.”
Forty years ago, secrets were valuable, and open-source information was not particularly useful beyond just keeping up with the news. Information used to be a scarce resource. But that world has changed.
Today, information flow is like a fire hose; there’s almost more than you can process. The scarce resource today is not information; it’s analytic ability.
There’s not much going on behind closed doors that you can’t find or infer from open sources.
When I told this to CIA officials 14 years ago, I was mostly brushed off or ignored. So, at least they now recognize that I was right. The bad news is that the CIA still filters information through ideological blinkers.
Carmen Medina, a former CIA Deputy Director of Intelligence says, “the 2020 Presidential Election was the most secure in history,” when in fact it was riddled with fraud, as demonstrated by ample video, eyewitness and forensic evidence.
Can you trust senior U.S. intelligence officials? It’s questionable.
While the CIA is giving open-source information its due (about twenty years too late), it still bungles the analysis with a triumph of ideology over cold, hard analytic technique.
The ground team is very good. The junior ranks are committed to their jobs and do them well. The problem is the senior ranks, who often look to political considerations.
That does not bode well for America’s ability to stand up to China in the new administration. Further economic distress for the U.S. is a predictable result.
Regards,
Jim Rickards
for The Daily Reckoning


investmentwatchblog--2020-12-25--Huge explosion Nashville felt 50 miles away, FBI on scene

The explosion happened in the area of Second Avenue and Broadway near Commerce Street occurred around 6:30 am Friday .
@ @ @ @ @ seen rising above the affected area .

NASHVILLE, Tenn. (WKRN) — A large explosion was reported in downtown Nashville early Christmas morning.
The explosion happened in the area of Second Avenue and Broadway near Commerce Street occurred around 6:30 am Friday. Heavy black smoke can be seen rising above the affected area.
We are primarily funded by readers. Please subscribe and donate to support us!
www.wkrn.com/news/large-explosion-in-downtown-nashville/


investmentwatchblog--2020-12-25--California is a ruined state

California is a ruined state

Driving across Arizona , it ’ s hard not to notice a surge in California license plates .
The reason for this is becoming more apparent every day .
California is a failed state .
After nearly a decade of one-party rule , the once-Golden State is tarnished , possibly beyond repair .
Listing all the problems facing our neighbors across the Colorado River would require several books , so I ’ ll only highlight a few .
The fifth-largest economy in the world and home to many of the greatest technology companies on Earth can ’ t keep the @ @ @ @ @ @ @ three largest utilities turned off power to more than 410,000 homes and businesses on Friday , Aug. 21 , then again to half as many Saturday , Aug. 22 .
Gov .
Gavin Newsom sprung to action on Monday by announcing more blackouts .
“ We failed to predict and plan these shortages , ” the governor said .
“ And that ’ s simply unacceptable.
” But accept it he did , noting that the state ’ s near-religious promotion of solar and wind power left a gap in the reliability of @ @ @ @ @ @ @ t say .
Wildfires , blackouts , anger : California shows us the future of climate change Wildly unpredictable events , like August being hot , never occurred to Newsom last October when he signed six more bills to kill off his state ’ s fossil fuel industry .
Shutting down one of California ’ s two nuclear plants certainly didn ’ t help .
Perhaps their plan to close the second one in 2024 will have different results .
The lamps are going out all over California ; who knows if we @ @ @ @ @ @ @ lifetime .
But energy is the least of San Francisco ’ s concerns .
So have those to stop homelessness Documentary filmmaker Christopher Rufo ’ s latest work reveals the tragic failure of the city ’ s homeless policies .
In “ Chaos by the Bay , ” he shows the results of well-meaning progressive efforts , from decriminalizing homelessness to plying addicts with free drug paraphernalia , alcohol and cannabis .
For the most part , rampant mental illness has been left untreated .

Driving across Arizona, it’s hard not to notice a surge in California license plates. The reason for this is becoming more apparent every day. California is a failed state.
After nearly a decade of one-party rule, the once-Golden State is tarnished, possibly beyond repair. Listing all the problems facing our neighbors across the Colorado River would require several books, so I’ll only highlight a few.
The fifth-largest economy in the world and home to many of the greatest technology companies on Earth can’t keep the lights on. The state’s three largest utilities turned off power to more than 410,000 homes and businesses on Friday, Aug. 21, then again to half as many Saturday, Aug. 22.
California’s energy policies have failed
Gov. Gavin Newsom sprung to action on Monday by announcing more blackouts. “We failed to predict and plan these shortages,” the governor said. “And that’s simply unacceptable.”
But accept it he did, noting that the state’s near-religious promotion of solar and wind power left a gap in the reliability of its power grid. You don’t say.
We are primarily funded by readers. Please subscribe and donate to support us!
Wildfires, blackouts, anger:California shows us the future of climate change
Wildly unpredictable events, like August being hot, never occurred to Newsom last October when he signed six more bills to kill off his state’s fossil fuel industry. Shutting down one of California’s two nuclear plants certainly didn’t help. Perhaps their plan to close the second one in 2024 will have different results.
The lamps are going out all over California; who knows if we will see them lit again in our lifetime. But energy is the least of San Francisco’s concerns.
So have those to stop homelessness
Documentary filmmaker Christopher Rufo’s latest work reveals the tragic failure of the city’s homeless policies. In “Chaos by the Bay,” he shows the results of well-meaning progressive efforts, from decriminalizing homelessness to plying addicts with free drug paraphernalia, alcohol and cannabis. For the most part, rampant mental illness has been left untreated.
www.usatoday.com/story/opinion/2020/08/30/california-arizona-fires-blue-state-energy-coronavirus-column/5645176002/


Israel’s government collapses

Tel Aviv , Israel ( CNN ) The Israeli government collapsed on Tuesday at midnight ( 17.00 EST ) local time after the country ’ s parliament failed to meet a deadline for passage of the 2020 and 2021 budgets .
Israel will now head to its fourth elections in two years , probably on March 23 next year .
Prime Minister Benjamin Netanyahu and his erstwhile coalition partner , Blue and White leader Benny Gantz , sought to blame one another for the collapse of their seven-month-old government .
“ Blue and White withdrew from the agreements [ to @ @ @ @ @ @ @ dragged us to unnecessary elections during the corona crisis , ” said Netanyahu , who on Saturday evening became the first Israeli to receive the Covid-19 vaccine .
“ We do not want an election and we voted against it … but we are not afraid of elections — because we will win !
” Gantz , referencing the corruption charges facing Netanyahu , said : “ I regret that the Prime Minister is preoccupied with his trial and not the public interest , and is prepared to drag the entire country into @ @ @ @ @ @ @ ensuring economic stability and a rehabilitation of the economy .
”

Tel Aviv, Israel (CNN)The Israeli government collapsed on Tuesday at midnight (17.00 EST) local time after the country’s parliament failed to meet a deadline for passage of the 2020 and 2021 budgets. Israel will now head to its fourth elections in two years, probably on March 23 next year.
Prime Minister Benjamin Netanyahu and his erstwhile coalition partner, Blue and White leader Benny Gantz, sought to blame one another for the collapse of their seven-month-old government. “Blue and White withdrew from the agreements [to modify the original coalition agreement] and dragged us to unnecessary elections during the corona crisis,” said Netanyahu, who on Saturday evening became the first Israeli to receive the Covid-19 vaccine. “We do not want an election and we voted against it … but we are not afraid of elections — because we will win!”
Gantz, referencing the corruption charges facing Netanyahu, said: “I regret that the Prime Minister is preoccupied with his trial and not the public interest, and is prepared to drag the entire country into a period of uncertainty, instead of ensuring economic stability and a rehabilitation of the economy.”


investmentwatchblog--2020-12-26--The New Covid-19 Strain Theory Will Offer Joe Biden the Perfect Pretext for New Massive Lockdown

Let me begin by wish you all Merry Christmas .
While we are sitting here wearing face diapers and being told we ’ ll kill grandma if we come within 100 feet of her house , the Chinese are going to malls and movie theaters without masks .
Laughing at how stupid the rest of the world is .
But that ’ s not actually the point .
Today I will tell you something about the new and highly contagious Covid-19 strain .
According to various media outlets , a virulent new strain of the plague has been discovered in @ @ @ @ @ @ @ then , almost all EU countries have banned flights from the UK .
Moreover , several new countries claim to have discovered cases of the new Covid-19 strain .
Weirdly enough , CDC ’ s best , i.e .
both Anthony Fauci and Robert Redfield are saying that America is doing fine and we shouldn ’ t worry about it .
Coming from Fauci , this is kind of amazing .
I mean , Fauci saying that we shouldn ’ t overreact when it comes to a “ highly contagious ” new coronavirus @ @ @ @ @ @ @ the same dude who demanded for the past 10 months that America should be shut down completely to mitigate the Rona , and whoever dared to question his fatwa was deemed to be a nut and a grannie murderer by the legacy media .
It gets better though .
Remember how back in January , the same Fauci advised Trump to not ban flights from China ?
Currently , political leaders like Boris Johnson in the UK and NY Governor Cuomo are asking for something to be done about the new virus strain @ @ @ @ @ @ @ percent more transmissible than vanilla-Rona , though there ’ s zero evidence of that .
That new Rona strain is blowin ’ up boi , claims the left all of a sudden .
That ’ s the same left that accused Trump of racism for shutting down flights from China back in January , to prevent the plague from reaching our country , okay ?
Cuomo actually said on Twitter that “ we can ’ t let history repeat itself.
” The game plan is obvious , at least for me , as @ @ @ @ @ @ @ Covid-19 thing is a total hoax , and legacy media and politicians are just following a script ; that ’ s why I find it fairly easy to make predictions based on my theory .
And the prediction is this : the new virus strain nonsense is another hoax aimed at giving Joe Biden the perfect pretext to enact economy/life destroying measures as he takes office in January 20th , while blaming Trump for it .
Everything about the new strain is basically a sequel to the first Covid crisis and follows the @ @ @ @ @ @ @ TV and says there ’ s nothing to worry about , telling us we shouldn ’ t ban flights from the UK ; then they ’ ll claim that the new strain is a serious problem , they ’ ll fake another massive death toll , then they ’ ll blame Trump for not banning flights earlier and so on and so forth .
People are already adapted to this and they ’ ll fall in line like lemmings , as collapsing the economy and trampling on Constitutional rights has already became normal @ @ @ @ @ @ @ show you fake graphs and statistics on TV all day long , it ’ s already routine stuff .
On top of that , they ’ ll tell you that the new vaccines are not effective against the new strain , only partially effective , whatever that nonsense means , so we ’ ll need a new vaccine , but only after they ’ ve injected significant numbers of people with Pfizer/Moderna mRNA vaccines .
Obviously , the new shut down will affect the entire West , not just America .
The hammer @ @ @ @ @ @ @ Biden will get into office , and yes , this is going to be the mother of all lockdowns .
Keep the faith , keep strong , and always do what you know is right .

By Chris Black
Let me begin by wish you all Merry Christmas.
While we are sitting here wearing face diapers and being told we’ll kill grandma if we come within 100 feet of her house, the Chinese are going to malls and movie theaters without masks. Laughing at how stupid the rest of the world is.
But that’s not actually the point. Today I will tell you something about the new and highly contagious Covid-19 strain. According to various media outlets, a virulent new strain of the plague has been discovered in the UK last week, and since then, almost all EU countries have banned flights from the UK.
Moreover, several new countries claim to have discovered cases of the new Covid-19 strain. Weirdly enough, CDC’s best, i.e. both Anthony Fauci and Robert Redfield are saying that America is doing fine and we shouldn’t worry about it.
Coming from Fauci, this is kind of amazing. I mean, Fauci saying that we shouldn’t overreact when it comes to a “highly contagious” new coronavirus is incredible. Remember, Fauci is the same dude who demanded for the past 10 months that America should be shut down completely to mitigate the Rona, and whoever dared to question his fatwa was deemed to be a nut and a grannie murderer by the legacy media.
It gets better though. Remember how back in January, the same Fauci advised Trump to not ban flights from China?
Currently, political leaders like Boris Johnson in the UK and NY Governor Cuomo are asking for something to be done about the new virus strain, which is claimed to be 70 percent more transmissible than vanilla-Rona, though there’s zero evidence of that. That new Rona strain is blowin’ up boi, claims the left all of a sudden.
Starting tomorrow @British_Airways will require passengers on UK flights to NY to show a negative COVID test before departure. We are in conversations with Delta and Virgin Atlantic to do the same. We can't let history repeat itself with this new virus variant. — Andrew Cuomo (@NYGovCuomo) December 21, 2020
That’s the same left that accused Trump of racism for shutting down flights from China back in January, to prevent the plague from reaching our country, okay?
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Cuomo actually said on Twitter that “we can’t let history repeat itself.”
The game plan is obvious, at least for me, as I believe since March that the whole Covid-19 thing is a total hoax, and legacy media and politicians are just following a script; that’s why I find it fairly easy to make predictions based on my theory.
And the prediction is this: the new virus strain nonsense is another hoax aimed at giving Joe Biden the perfect pretext to enact economy/life destroying measures as he takes office in January 20th, while blaming Trump for it.
Everything about the new strain is basically a sequel to the first Covid crisis and follows the exact plot points: Fauci gets on TV and says there’s nothing to worry about, telling us we shouldn’t ban flights from the UK; then they’ll claim that the new strain is a serious problem, they’ll fake another massive death toll, then they’ll blame Trump for not banning flights earlier and so on and so forth.
People are already adapted to this and they’ll fall in line like lemmings, as collapsing the economy and trampling on Constitutional rights has already became normal. All they have to do is show you fake graphs and statistics on TV all day long, it’s already routine stuff.
On top of that, they’ll tell you that the new vaccines are not effective against the new strain, only partially effective, whatever that nonsense means, so we’ll need a new vaccine, but only after they’ve injected significant numbers of people with Pfizer/Moderna mRNA vaccines.
Obviously, the new shut down will affect the entire West, not just America. The hammer will fall as soon as the usurper Biden will get into office, and yes, this is going to be the mother of all lockdowns.
Keep the faith, keep strong, and always do what you know is right.


investmentwatchblog--2020-12-26--US Labels More Countries As Currency Manipulators, But Every Country Tries Doing It?

by Jason Burack of Wall St For Main St Last week the US Treasury labeled Switzerland and Vietnam as official @ @ @ @ @ truth is that every other government and central bank has at least attempted to do @ @ @ @ @ time , with differing degrees of success , for decades now .
The US Dollar @ @ @ @ @ been very weak for months not even rallying on news of another large ECB bond @ @ @ @ @ expected a Dollar rally on the ECB ’ s announcement but so far it has @ @ @ @ @ briefly dropped below 90 on Tuesday .
Commit to tipping us monthly for our hard @ @ @ @ @ thought provoking content that includes interviews with top experts , analysis and short videos about @ @ @ @ @

by Jason Burack of Wall St For Main St
Last week the US Treasury labeled Switzerland and Vietnam as official currency manipulators.
But the truth is that every other government and central bank has at least attempted to do this at different periods of time, with differing degrees of success, for decades now.
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The US Dollar Index (DXY) has been very weak for months not even rallying on news of another large ECB bond buying program. Many experts expected a Dollar rally on the ECB’s announcement but so far it has not happened and the DXY briefly dropped below 90 on Tuesday.
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
FULL SHOW NOTES AND LINKS HERE


investmentwatchblog--2020-12-26--Explosion at steel plant in Hamilton Ontario, Canada

It Only Works in 7 % of the Cases , Canada 's Hesitation to Act , Vaccine Experimentation and More

“No one was hurt in a large explosion at a Hamilton steel plant that sent a dark cloud over the city’s east end on Christmas Day, police said.”
toronto.ctvnews.ca/large-explosion-occurs-at-steel-plant-in-hamilton-ont-1.5245099
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h/t coorslight


investmentwatchblog--2020-12-26--CALIFORNIA — Elderly Man Beat To DEATH For PRAYING

Elderly Man With COVID-19 Beaten To Death With Oxygen Tank By Hospital Roommate For Praying : Police A 37-year-old California @ @ @ @ @ allegedly striking a senior citizen to death with an oxygen tank for praying , an @ @ @ @ @ two men were sharing a room at a Southern California hospital .
Jesse Martinez , @ @ @ @ @ murder and elder abuse late last week for the December 17 incident , which left @ @ @ @ @ that he succumbed to the following day , according to the Los Angeles County Sheriff @ @ @ @

Elderly Man With COVID-19 Beaten To Death With Oxygen Tank By Hospital Roommate For Praying: Police
A 37-year-old California man has been arrested for allegedly striking a senior citizen to death with an oxygen tank for praying, an incident that occurred while the two men were sharing a room at a Southern California hospital.
Jesse Martinez, 37, was charged with murder and elder abuse late last week for the December 17 incident, which left an 82-year-old man with injuries that he succumbed to the following day, according to the Los Angeles County Sheriff’s Department.
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www.dailywire.com/news/elderly-man-with-covid-beaten-to-death-with-oxygen-tank-by-hospital-roommate-for-praying-police??utm_source=twitter&utm_medium=social&utm_campaign=dwtwitter
Elderly Man With COVID-19 Beaten To Death With Oxygen Tank By Hospital Roommate For Praying: Police t.co/RhAght4dWy pic.twitter.com/nplkir7rBs — The Daily Wire (@realDailyWire) December 25, 2020
h/t Nawt Meh Prezdunt


investmentwatchblog--2020-12-26--Panic And Shoplifting Sweep Across America As Fears Of An Economic Collapse Continue To Rise

Today , the lives of millions of Americans is about to be greatly shaken , as the federal benefits that were helping several families to stay afloat during this period of economic collapse are scheduled to expire , and no one really knows if the new stimulus package is going to come into force as soon as expected .
It ’ s no news that this year ’ s economic meltdown led a large chunk of our population to unemployment , and consequently , to fall into poverty and face housing and food insecurity , but as of tomorrow , @ @ @ @ @ @ @ net , and we can ’ t tell for sure they will be able to qualify for the next round of benefits while we head towards a very dark winter .
If this isn ’ t the saddest Christmas the U.S. has ever had , we wonder how much worse things could get , because at this point , the situation has become so dire it is just heartbreaking to watch our citizens and our country go down this tortuous path .
Panic and Desperation has been taking over the nation .
Amid @ @ @ @ @ @ @ ever recorded in modern times , and the reduction of programs like SNAP and WIC as well as miles-long waiting lines in food banks , numerous people already started stealing food to survive .
Authorities , retailers , and loss prevention researchers are reporting a surge in shoplifting , but differently from other recessions , the items taken aren ’ t highly-priced merchandise , but everyday staples such as hygiene products and dried food , signaling the extent of the misery and anguish many in our society are currently suffering with .
That @ @ @ @ @ @ @ times we expose in this video .
When the economic collapse becomes so intense people start panicking and stealing to survive , there we can see how authorities completely failed our country .
The reckless response to the repercussions of the sanitary outbreak in the economy has destroyed our businesses , our jobs , and our finances .
As unemployment benefits and the extension of several food assistance programs lapse this Christmas , and we have no confirmation whether the new round of stimulus will be issued right away , many will be @ @ @ @ @ @ @ to eat , especially considering food pantries across the country have been increasingly overwhelmed by the unprecedented demand .
Since the institution of new lockdown orders , several publishings have been addressing the growing rates of shoplifting throughout the U.S .
Most notably , the Washington Post has recently described the dramatic situation of a great number of Americans that have been secretly hiding essential products in their bags during their trips to grocery stores .
The article also covers business owners ’ dilemma in face of the public ’ s mounting struggle @ @ @ @ @ @ @ worryingly , to provide enough for their children .
That ’ s what Capitol Supermarket manager Joo Park explained in the article .
Theft rates have more than doubled at his store , and Park usually tends to avoid calling officers , choosing instead to ban offenders from coming back .
“ It ’ s become much harder during the [ health crisis ] , ” he points out .
“ People will say , ‘ I was just hungry.
’ And then what do you do ?
” the manager exclaimed .
@ @ @ @ @ @ @ as Dollar Tree and Family Dollar , have oftentimes seen increasing instances of theft during the past year .
And with over 26 million adults , or approximately 1 in 8 Americans , already dealing with food insecurity , if the economic context doesn ’ t show any improvements nor reinserts its workers into the labor market soon enough , the situation might spiral out of control fairly quickly .
According to local law enforcement agencies , in states like Philadelphia , shoplifting has climbed roughly 60 percent this year .
This is @ @ @ @ @ @ @ tragedy .
In the world ’ s richest country – a nation that once made us proud of its achievements – our citizens are now being forced to steal when they shouldn ’ t have to .
Federal safety nets have proven to be ineffective when our people don ’ t have real conditions to restructure their lives .
The more they distract us with petty stimulus proposals while continue to let our businesses and our economy struggle , the more our suffering will linger .
The United States is doomed to a @ @ @ @ @ @ @ deceitful leaders and this economic collapse is only the tip of the iceberg .

Today, the lives of millions of Americans is about to be greatly shaken, as the federal benefits that were helping several families to stay afloat during this period of economic collapse are scheduled to expire, and no one really knows if the new stimulus package is going to come into force as soon as expected. It’s no news that this year’s economic meltdown led a large chunk of our population to unemployment, and consequently, to fall into poverty and face housing and food insecurity, but as of tomorrow, these households will officially lose their safety net, and we can’t tell for sure they will be able to qualify for the next round of benefits while we head towards a very dark winter. If this isn’t the saddest Christmas the U.S. has ever had, we wonder how much worse things could get, because at this point, the situation has become so dire it is just heartbreaking to watch our citizens and our country go down this tortuous path.
Panic and Desperation has been taking over the nation. Amid the worst hunger crisis this country has ever recorded in modern times, and the reduction of programs like SNAP and WIC as well as miles-long waiting lines in food banks, numerous people already started stealing food to survive. Authorities, retailers, and loss prevention researchers are reporting a surge in shoplifting, but differently from other recessions, the items taken aren’t highly-priced merchandise, but everyday staples such as hygiene products and dried food, signaling the extent of the misery and anguish many in our society are currently suffering with. That’s the ominous sign of the times we expose in this video.
When the economic collapse becomes so intense people start panicking and stealing to survive, there we can see how authorities completely failed our country. The reckless response to the repercussions of the sanitary outbreak in the economy has destroyed our businesses, our jobs, and our finances. As unemployment benefits and the extension of several food assistance programs lapse this Christmas, and we have no confirmation whether the new round of stimulus will be issued right away, many will be left without viable alternatives to find enough to eat, especially considering food pantries across the country have been increasingly overwhelmed by the unprecedented demand.
Since the institution of new lockdown orders, several publishings have been addressing the growing rates of shoplifting throughout the U.S. Most notably, the Washington Post has recently described the dramatic situation of a great number of Americans that have been secretly hiding essential products in their bags during their trips to grocery stores. The article also covers business owners’ dilemma in face of the public’s mounting struggle to afford food, and just as worryingly, to provide enough for their children. That’s what Capitol Supermarket manager Joo Park explained in the article. Theft rates have more than doubled at his store, and Park usually tends to avoid calling officers, choosing instead to ban offenders from coming back. “It’s become much harder during the [health crisis],” he points out. “People will say, ‘I was just hungry.’ And then what do you do?” the manager exclaimed.
Stores located in low-income areas, such as Dollar Tree and Family Dollar, have oftentimes seen increasing instances of theft during the past year. And with over 26 million adults, or approximately 1 in 8 Americans, already dealing with food insecurity, if the economic context doesn’t show any improvements nor reinserts its workers into the labor market soon enough, the situation might spiral out of control fairly quickly. According to local law enforcement agencies, in states like Philadelphia, shoplifting has climbed roughly 60 percent this year.
This is the clearest picture of the great American tragedy. In the world’s richest country – a nation that once made us proud of its achievements – our citizens are now being forced to steal when they shouldn’t have to. Federal safety nets have proven to be ineffective when our people don’t have real conditions to restructure their lives. The more they distract us with petty stimulus proposals while continue to let our businesses and our economy struggle, the more our suffering will linger. The United States is doomed to a dreadful fate in the hands of such deceitful leaders and this economic collapse is only the tip of the iceberg.
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investmentwatchblog--2020-12-26--Journalist Ford Fischer Discovers Nashville Rabbit Hole

A video on Youtube has gone viral showing the scene of the explosion. The account that posted it is called "S McG" and has no bio or info, and has never posted until today since joining in 2014. Vid: t.co/6n7jtjXYK4
Channel: t.co/MtrWjNi8jJ pic.twitter.com/dHRUuoy7u5 — Ford Fischer (@FordFischer) December 25, 2020
"S McG" who posted the bombing video has an almost identical username to "S Mc G" – who only joined Youtube in April 2020 and also has no bio. The five videos posted on it, posted over the course of three weeks, are all very bizarre.t.co/0yX8pHtOUO pic.twitter.com/sUT30Qq1BP — Ford Fischer (@FordFischer) December 25, 2020
Their previous post was October 1st, where the video is a static image of the term "Apocalypse" searched on "DuckDuckGo" with Hans Zimmer's "Dream Is Collapsing" track from Inception in the background.t.co/z90OLz2Sqt pic.twitter.com/RTTrfmLr1I — Ford Fischer (@FordFischer) December 25, 2020
I want to be very clear: I have no idea who "S McG" is or whether they're the same person as "S Mc G", and even if so, whether that person was involved in this incident. — Ford Fischer (@FordFischer) December 25, 2020
My reason for posting this is that the "S Mc G" account has virtually zero views, so I suspect that nobody has looked into this yet, and I do hope relevant authorities find and take a look at this. — Ford Fischer (@FordFischer) December 25, 2020
Ok, on the advice of several other journalists as well as my own family with whom I'm celebrating Christmas right now, I've sent this information to the FBI. We're cooking Christmas dinner right now and it is not my intention to be glued to Twitter this evening. — Ford Fischer (@FordFischer) December 25, 2020
h/t Bobby Powell
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investmentwatchblog--2020-12-26--NEWSOM DEFEATED! CA Judge DECLARES Restaurants Can OPEN for Indoor Dining Business!

Bill Gates says lockdowns could continue into 2022 and believes restaurants will be closed for the next six months

Cristina Laila from The Gateway Pundit reports, A California judge on Thursday snubbed Governor Newsom’s authoritarian Covid order and said San Diego restaurants can resume indoor dining. The case was originally brought to the court by two San Diego strip club owners.
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Read More/Source/Credit/FairUse:
www.thegatewaypundit.com/2020…


investmentwatchblog--2020-12-26--NASHVILLE — Terror Attack Or Server Attack?

Don't let that explosion distract you from the fact that basically all the phone networks at the same time are having network issues… pic.twitter.com/Vc4GPxZwQP — PioyPioyPioy⭐⭐⭐ (@PioyCOLX) December 25, 2020
Not the best way to do a post blast analysis, but even I can see AT&T building was the target. pic.twitter.com/Ja0bEJah10 — PioyPioyPioy⭐⭐⭐ (@PioyCOLX) December 25, 2020
Advanced Warning??t.co/PJNTQhBv7E — A Safe Place for Rational Thinking (@aspfrt) December 25, 2020
Reported Outagest.co/VcoBKTvS49 — A Safe Place for Rational Thinking (@aspfrt) December 25, 2020
This REALLY looks like the target was the Telecommunications Infrastructure pic.twitter.com/zLMWoQ47DL — A Safe Place for Rational Thinking (@aspfrt) December 25, 2020
h/t Nawt Meh Prezdunt
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investmentwatchblog--2020-12-26--I’m sensing a pattern here. New strains of Chinese Virus pop up everywhere the Vaccine is being used

I ’ m sensing a pattern here .
New strains of Chinese Virus pop up everywhere the Vaccine is being @ @ @ @ @ And now Japan .
Both island nations .
But both 1st world nations as well @ @ @ @ @ on a whim .
And won ’ t affect the mainland of Asia or Europe @

by Stevemagegod
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I’m sensing a pattern here. New strains of Chinese Virus pop up everywhere the Vaccine is being used. 1st UK. And now Japan. Both island nations. But both 1st world nations as well. That can institute Lockdowns on a whim. And won’t affect the mainland of Asia or Europe.


investmentwatchblog--2020-12-27--The equity bulls are bad… but they having nothing on the Bitcoin cult. Truly sick people

The equity bulls are bad… but they having nothing on the Bitcoin cult .
Truly sick people ( Don ’ @ @ @ @ @ – I love bitcoin , and I am glad you are all getting rich ) @ @ @ @ @ # Bitcoin dominance is above 70 % , the next technical objective is 80 % @ @ @ @ @ low in 2016 before the big 2017 altcoin rally .
However , this type of @ @ @ @ @ occur in a crypto bear market than in a bull market .
If so then @ @ @ @ @ will cause me much pain on twitter…I know ( I own btc ) But at @ @ @ @ @ same elitist barrier to entry as the FED created .

The equity bulls are bad… but they having nothing on the Bitcoin cult. Truly sick people
(Don’t @ me bitcoin hodlers – I love bitcoin, and I am glad you are all getting rich) $BTC pic.twitter.com/TRnBtJcFDf
Now that #Bitcoin dominance is above 70%, the next technical objective is 80%, which was the approximate low in 2016 before the big 2017 altcoin rally. However, this type of move is more likely to occur in a crypto bear market than in a bull market. If so then look out below!
This will cause me much pain on twitter…I know (I own btc)
But at t 20k plus..BTC is at same elitist barrier to entry as the FED created.
— 𝕮𝖍𝖎 (@chigrl) December 26, 2020


investmentwatchblog--2020-12-27--Why didn’t QE become inflationary?

Why didn’t QE become inflationary?

Technology and its rapid increase in driving efficiencies both in decreasing service costs and the need for labor and capital for manufacturing since 2008, has held inflation in check. These advances have even wiped entire industries and consequently held the line. /2 — John Tuld – Wealth Inequality Detector (@BradHuston) December 26, 2020
What's resulted is a choppy reaction where overall inflation is 1.2% yoy (CPI) but notable increases in food 3.2%, shelter 1.9% & medical care 3.7% are symptoms of a much larger problem looming, that not even tech. advances are likely to outpace with future supply shocks. /4 — John Tuld – Wealth Inequality Detector (@BradHuston) December 26, 2020
All of that demand will need to be underpinned by corresponding commodities and manufacturing increases and that seems unrealistic given a world awash in dollars much of which is sitting undisturbed in savings accounts earning little to no interest. /6 — John Tuld – Wealth Inequality Detector (@BradHuston) December 26, 2020
History has shown that price increases are tame at first & then build like tsunami wave. History has also shown that as the wave builds, no one is watching the ocean. 2021 & 2022 are going to be very interesting tests of the grand monetary experiments of the last 12 years. /7 — John Tuld – Wealth Inequality Detector (@BradHuston) December 26, 2020


investmentwatchblog--2020-12-27--The stock market is one huge scam.

The stock market is one huge scam.

Market might not top until every chart is in a parabolic rise and all money has been sucked in .

The stock market is one huge scam. pic.twitter.com/oPs1UH0Iyv
7. Just buy the All Time High?
This is so much crazier than anything seen in 2000 pic.twitter.com/jk863k8m7g
— zerohedge (@zerohedge) December 26, 2020


investmentwatchblog--2020-12-27--The Spanish flu of 1919 serves as a roadmap for the current macro environment.

To note, the rise of wholesale prices became a global phenomenon. Grocery stores began hoarding inventories to sell at higher prices, forcing governments to intervene and criminalize these actions to avoid an even larger hit to the consumer. — Otavio (Tavi) Costa (@TaviCosta) December 26, 2020
Inflation surged above 20% in 1920 and the Dow Jones Industrial Average began a decline of 47% from peak to trough from 1920 to 1921 while the world emerged from the pandemic. — Otavio (Tavi) Costa (@TaviCosta) December 26, 2020
As I pointed out recently, the Bloomberg commodity index already broke out. Inflation expectation look to be next. — Otavio (Tavi) Costa (@TaviCosta) December 26, 2020
Meanwhile, the Fed is crippled. Monetary policy has become a funding mechanism through massive purchases of Treasuries to suppress interest rates. It enables the US government to run a large fiscal deficit. — Otavio (Tavi) Costa (@TaviCosta) December 26, 2020
Now, let’s talk gold/silver miners. That’s one of the best ways to be exposed to this opportunity. — Otavio (Tavi) Costa (@TaviCosta) December 26, 2020
Investors demanded significant reductions in debt and equity issuances while miners had to effectively tighten up operational costs, cut back investment, and prioritize the quality of their balance sheet assets. — Otavio (Tavi) Costa (@TaviCosta) December 26, 2020
As a result, major producers have surprisingly swung into being cash flow machines. That’s only the beginning. Another important point: Gold/silver producers are also about to face a supply cliff problem in the next years. — Otavio (Tavi) Costa (@TaviCosta) December 26, 2020
The good news is: With cleaner balance sheets & and now making turning into profitable businesses, miners are getting cashed up to make new acquisitions. That means…. High quality exploration projects are likely to get massively bid up in this next part of the process. — Otavio (Tavi) Costa (@TaviCosta) December 26, 2020
We discuss this opportunity in our latest letter. Please take some time to read it: t.co/w1uBJkrOhI Merry Christmas again and greetings from Brazil .
Cheers — Otavio (Tavi) Costa (@TaviCosta) December 26, 2020


investmentwatchblog--2020-12-27--Alibaba sinks 18% in worst day ever after Chinese regulators open antitrust investigation

• Alibaba suffered its worst trading day ever on Thursday after Chinese regulators opened an antitrust investigation into the e-commerce @ @ @ @ @ as much as 18 % in Thursday trades , far outpacing its previous record one-day @ @ @ @ @ in 2015 .
Alibaba suffered its worst one-day decline ever since going public in 2014 @ @ @ @ @ antitrust investigation into the e-commerce giant .
Alibaba fell as much as 18 % , @ @ @ @ @ one-day decline of 8.8 % in January 2015 .
The stock hit levels not seen @ @ @

Alibaba suffered its worst trading day ever on Thursday after Chinese regulators opened an antitrust investigation into the e-commerce giant.
Alibaba fell as much as 18% in Thursday trades, far outpacing its previous record one-day decline of nearly 9% in 2015.
Watch Alibaba trade live here.
Alibaba suffered its worst one-day decline ever since going public in 2014 after Chinese regulators opened an antitrust investigation into the e-commerce giant.
Alibaba fell as much as 18%, far outpacing its previous record one-day decline of 8.8% in January 2015. The stock hit levels not seen since June.
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markets.businessinsider.com/news/stocks/alibaba-stock-price-worst-day-ever-regulators-open-antitrust-investigation-2020-12-1029919160


investmentwatchblog--2020-12-27--China CCP is losing it’s grip. Mainstream press starts to pushback against Comrade Xi.

It comes amid news of new food waste laws implemented by Beijing which will see restaurants fine customers who do @ @ @ @ @ The legislation will also see waiters barred from encouraging customers to order too much food @ @ @ @ @ waste is just another example of him ( Xi Jinping ) trampling over the rights @ @ @ @ @ , ” Professor Fitzgerald told Sky News host Chris Smith .

www.skynews.com.au/details/_6218206926001
Emeritus Professor Ross Fitzgerald says Chinese President Xi Jinping is “utterly despotic”.
It comes amid news of new food waste laws implemented by Beijing which will see restaurants fine customers who do not finish their meals.
The legislation will also see waiters barred from encouraging customers to order too much food.
“The war on waste is just another example of him (Xi Jinping) trampling over the rights of ordinary people in China,” Professor Fitzgerald told Sky News host Chris Smith.
“The president is utterly utterly despotic.”
And…
www.wsj.com/articles/xi-jinping-globalist-autocrat-misread-11608735769
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www.scmp.com/news/china/diplomacy/article/3115280/chinas-fumble-why-xi-jinping-dropped-ball-after-trumps-us-left
asia.nikkei.com/Editor-s-Picks/China-up-close/Analysis-Deleted-words-from-Xi-s-economic-policy-speak-volumes
www.hindustantimes.com/world-news/prez-xi-sending-team-to-stop-the-nepal-party-split-it-s-a-last-ditch-effort/story-ftnFGPYV1QV7cCOhkz2DdP.html
foreignpolicy.com/2020/12/22/china-us-data-intelligence-cybersecurity-xi-jinping/
zeenews.india.com/world/china-building-2000-km-long-great-wall-along-border-of-this-country-know-the-real-purpose-of-xi-jinping-2331563.html
www.eastasiaforum.org/2020/12/18/xi-jinpings-chinese-communist-party/
h/t Daozen


investmentwatchblog--2020-12-27--NOTHING TO SEE HERE — CDC Updates Guidelines To Say Masks DON’T WORK

The CDC quietly updated their guidelines to say that masks don ’ t work if you ’ ve come into @ @ @ @ @ 15 minutes or more , according to the CDC website .
But the media is @ @ @ @ @ .
According to the CDC , anyone who has symptoms or tests positive is a @ @ @ @ @ masks are worn .
Person with COVID-19 who has symptoms ( in the period from @ @ @ @ @ until they meet criteria for discontinuing home isolation ; can be laboratory-confirmed or a clinically @ @ @ @ @ has tested positive for COVID-19 ( laboratory confirmed ) but has not had any symptoms @ @ @ @ @ before the date of specimen collection until they meet criteria for discontinuing home isolation ) @ @ @ @ @ irrespective of whether the person with COVID-19 or the contact was wearing a mask or @ @ @ @ @ respiratory personal protective equipment ( PPE )

WOAH: CDC QUIETLY Updates Guidelines To Say Masks DON’T WORK
The CDC quietly updated their guidelines to say that masks don’t work if you’ve come into close contact with someone for 15 minutes or more, according to the CDC website. But the media is almost completely ignoring this fact.
According to the CDC, anyone who has symptoms or tests positive is a risk to others even if masks are worn.
www.thedailyfodder.com/2020/12/woah-cdc-quietly-updates-guidelines-to.html
Public Health Guidance for Community-Related Exposure
Exposure to
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Person with COVID-19 who has symptoms (in the period from 2 days before symptom onset until they meet criteria for discontinuing home isolation; can be laboratory-confirmed or a clinically compatible illness)
Person who has tested positive for COVID-19 (laboratory confirmed) but has not had any symptoms (in the 2 days before the date of specimen collection until they meet criteria for discontinuing home isolation).
Note: This is irrespective of whether the person with COVID-19 or the contact was wearing a mask or whether the contact was wearing respiratory personal protective equipment (PPE)
www.cdc.gov/coronavirus/2019-ncov/php/public-health-recommendations.html
h/t Nawt Meh Prezdunt


investmentwatchblog--2020-12-27--DEVELOPING — Airspace Around Nashville Deemed “NATIONAL DEFENSE AIRSPACE” Saying “DEADLY FORCE” To B

DEVELOPING — Airspace Around Nashville Deemed “NATIONAL DEFENSE AIRSPACE” Saying “DEADLY FORCE” To Be Used

The FAA has classified the airspace around Nashville bombing scene as “ National Defense Airspace , ” saying “ deadly @ @ @ @ @ against violators .
pic.twitter.com/L0S0hUDS9g

The FAA has classified the airspace around Nashville bombing scene as “National Defense Airspace,” saying “deadly force” could be used against violators. pic.twitter.com/L0S0hUDS9g
— Breaking911 (@Breaking911) December 26, 2020


investmentwatchblog--2020-12-27--Get Ready for the Great U.S. Inflation Mirage of 2021

The story of U.S. inflation in 2021 could very well amount to this : It ’ s all a mirage @ @ @ @ @ see prices jump across a variety of sectors next year , thanks in part to @ @ @ @ @ turbocharge demand for such pandemic casualties as travel and tickets to sporting events .
With @ @ @ @ @ inputs such as copper and lumber , inflation could very well reach or surpass the @ @ @ @ @ % target in some months .
Financial markets are increasingly pricing in higher inflation in @ @ @ @ @ over whether the central bank should start easing back its record monetary stimulus may intensify @

The story of U.S. inflation in 2021 could very well amount to this: It’s all a mirage.
Americans are likely to see prices jump across a variety of sectors next year, thanks in part to Covid-19 vaccines that will potentially turbocharge demand for such pandemic casualties as travel and tickets to sporting events.
With prices also climbing for some inputs such as copper and lumber, inflation could very well reach or surpass the Federal Reserve’s 2% target in some months. Financial markets are increasingly pricing in higher inflation in coming years, and debates over whether the central bank should start easing back its record monetary stimulus may intensify.


investmentwatchblog--2020-12-27--Nashville, TN Explosion — Reversed Audio Of EVACUATION Announcement Is Chilling

Witnesses told investigators they heard gunshots early in the morning and a message coming from an RV parked in the @ @ @ @ @ area to evacuate .
Officers said they are looking into these reports .
*It ’ @ @ @ @ @ the pre-exposion/Message from a CCTV anonymously posted on Twitter

Nashville, TN Explosion [AUDIO/VIDEO IN REVERSE]
Witnesses told investigators they heard gunshots early in the morning and a message coming from an RV parked in the street warning anyone in the area to evacuate. Officers said they are looking into these reports.
*It’s the only video of the pre-exposion/Message from a CCTV anonymously posted on Twitter
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rumble.com/vc75wt-secret-message-from-nashville-explosion.html
h/t Nawt Meh Prezdunt


investmentwatchblog--2020-12-26--Why M1 Money Supply (Cash) is Skyrocketing Like No Time History

In my last Patron Post , which I eventually made available to everyone , I revealed a little-known ( at the time ) fact that M1 money supply ( the most liquid forms of cash — bills , checks and basic savings accounts ) had grown faster than any time in history .
I showed that using a graph like the following , which is now brought up to the most current data : With part of December now in the picture , you can see the faintest hint at the top of the steep late-November climb that shows the @ @ @ @ @ @ @ I promised I would look into and get back to you on it .
I think that I may have found a couple of answers , so I am getting back to you on that as promised .
This could be due to Biden ’ s promised termination of tax welfare to the rich The first answer is my own surmising based on an article I just read about major tax-planning moves that are happening now in anticipation of Joe Biden ’ s promise finally to curtail the massive welfare to the rich @ @ @ @ @ @ @ era ( as the core of Reaganomics ) in the form of that special tax cut they benefit from almost exclusively — the special capital-gains tax rate that is lower than tax on regular income .
As I ’ ve said many times on this site , the special cap-gains tax rate — more than any other cause — is why we have such huge growth in disparity between the rich and the rest .
Capital gains are where the top 10 % make most of their money — not in wages like @ @ @ @ @ @ @ they pay a much lower rate on that kind of income-earning than the much of the middle class pays on their kind of income .
Biden has promised he will end this obscene social welfare program that has been deepening the social divide in this nation for decades .
That prospect has the top ten percent , and especially the one percent , scrambling for cover !
It stands to reason that the richest of the rich and even just the regular rich are scared their overinflated lives will take a hit now @ @ @ @ @ @ @ tax welfare possibly coming to an end .
So , they are , like never before , scrambling to cover their asses — excuse me , convert their assets .
The process of selling assets now while the gains realized on those assets can still be taxed at a much lower rate is bound to raise a lot of interim cash .
As I noted in my Patron Post , banks have been allowed to take money out of their reserve accounts as the Fed ’ s reserve ratio was dropped for COVID @ @ @ @ @ @ @ for them to create more liquid cash to facilitate large financial transactions .
NewsMax notes that requests for property appraisals have quadrupled at one New York appraisal firm .
Some of that , I would suggest , must be due to the new COVID migration .
especially out of New York City .
Some of it is due , according to NewsMax , to people selling investment properties in order to avoid higher capital-gains taxes down the road .
The article notes that , Exactly the timing of the massive increase in the @ @ @ @ @ @ @ money supply .
The article notes that this rush into real-state sales , even after the COVID rush has surprised many advisors .
Biden planned to restore a little balance to the budget by taking away this social welfare to the rich , but … … but the rich are jumping ship in anticipation to avoid paying back some of the years of specially privileged tax cuts they almost exclusively have benefited from .
Naturally , the running of the rich is going to create some large temporary piles of cash as money @ @ @ @ @ @ @ whatever the rich are planning to do with all this money .
( Maybe give it to their entitled children before estate taxes rise again — a major tax gift the aging Trump gave to his kids ? )
The article also notes a big rise in the rate at which the rich are trying to sell businesses as assets as well as other investments .
So , it is not just a move to sell expensive real estate … but any kind of asset on which they would see gains .
So @ @ @ @ @ @ @ out .
Though the article mentions nothing about the biggest rise in the nation ’ s history in supply of the most liquid forms of cash , I suspect the rush of the rich to cash out assets now has something to do with the rapid rise in cash balances .
In that case , it may just be temporary , as other assets become purchased with the gains down the road .
There is reason to think some could remain in cash form .
When the rich cash out , those that @ @ @ @ @ @ @ cash to charities , especially now when tax deductions for such gifts can be applied 100 % as an offset to income .
That is money that often goes into operating accounts of thousands of different charitable institutions and so straight into the mainstream economy .
If it continues to be held in M1 cash form , then , being easier to spend and move down the road , it could create the kind of inflation I warned about where there is too much ( cash ) money chasing too few goods during @ @ @ @ @ @ @ ’ ll have to remain vigilant to see .
It is a matter of how the cash circulates .
Money creates price inflation where money circulates .
If it stays in financial circles , there still will not be much inflation outside of financial circles ; but if it goes in early gifts to rich kids , in lieu of inheritance to rich kids who profligately choose to spend it all on fancy vacations after COVID settles down and pretty toys , then it moves into the mainstream economy and can create high @ @ @ @ @ @ @ than there are goods to buy in a time when the recent COVID scrooge has bogged down production and transportation .
It may also be time to forbear Another article I read this week , dove into its own explanation for the rapid rise in cash , and it makes sense to me that this , too , is part of the reason , and it raises the same concerns about the prospects for hyperinflation : By “ savings accounts , ” the author must mean certificates of deposit and other term deposits @ @ @ @ @ @ @ M1 ( immediately liquid cash ) .
I read another article that said money was moving from M2 to M1 .
That doesn ’ t make any sense because M2 is all forms of cash , including M1 .
So , money can not move from M2 to M1 because M1 is part of M2 .
The difference is that M2 is simply broader so that it includes less liquid forms of cash , such as CDs , which you can cash out immediately , but on which you pay a small penalty @ @ @ @ @ @ @ this Seeking Alpha article also notes , The author suggests the money is moving from savings ( I believe he means term savings ) to checking to start making way for sudden massive payments of rent and mortgage that have been postponed under forbearance .
Forbearance was set to wind up at the end of the year , unless extended in a new COVID aid act .
As we just saw this week , it is no given such an extension will happen , though it seems ultimately likely the Federal government will @ @ @ @ @ @ @ of COVID unemployment that was forced upon them also be forced out of their homes … or forced to release all of their limited security to paying these backlogged payments off .
It appears Trump is deploying a “ pocket veto ” to the CARES Act 2 , wherein no legislation is veto proof because the president can stop legislation from becoming law — without any possibility of a veto-override vote — by just not responding to it during the time of a congressional adjournment , as typically happens from now to New @ @ @ @ @ @ @ congress closes for the next elected congress to begin .
If the president “ pockets ” the legislations and doesn ’ t officially veto it for ten days while congress is adjourned , the legislation is automatically vetoed for good .
( Just the way the constitution works . )
The point in this second article is that uncertainty about whether forbearance will be extended into 2021 may have some people scrambling to cash out any longer-term deposits they were retaining for security in such uncertain times in order to be ready to @ @ @ @ @ @ @ rent .
Could be .
I don ’ t think the author proves the point , but it makes some plausible sense .
That would also be a potential inflation problem as large amounts of the original CARES money may have gone into investments and term deposits , and those investments ( per the first part of this article ) and term deposits may be cashing out now .
If forbearance is not continued , then that cash in the banks will all suddenly dump into the mainstream economy as it pays rents @ @ @ @ @ @ @ makes money buying and selling gold and concludes that holding gold is what you need to do .
Maybe , but the stagflation he warns of is not a given .
It will still depend on whether forbearance ends and whether rent and mortgage back payments are really why much more money is suddenly being held in its most liquid form .
To prove that the increase in M1 money is coming out of term savings , the author posts this graph : What I see in this graph is that the “ @ @ @ @ @ @ @ other words the term savings component ) shot up early in the year under the CARES Act and has now fallen by enough to account for the sudden rise in the M1 component .
So , maybe he is right , but that does not establish whether the move is due to people preparing for the end of forbearance .
It could be for any number of reasons .
The basis for that reason is timing .
From there , he goes on to make his conclusion that the timing means people are @ @ @ @ @ @ @ .
He may be right , just as the timing may as easily indicate people are exchanging assets and freeing up cash to facilitate sudden December moves to get ready for tax changes .
Either reason has rational plausibility , but we don ’ t know .
It may be both .
So , there you have it — two possible solid explanations for the sudden and historically massive rise in M1 , the most liquid kind of cash .
The good news , then , is that none of this huge move @ @ @ @ @ @ @ something breaking — a concern I expressed in my Patron Post — but it does mean the possibilities of high inflation that I finally started warning about this year , particularly in my Patron Posts , are something we need to watch out for because the COVID situation is much different than when banks were clearly and solely pumping money into assets .
It will depend on what shores this tidal wave of cash now flows onto .
It also means Santa could have claws this year for stock investors , too , @ @ @ @ @ @ @ stockholders IF stocks become some of the assets that are being sold off to realize gains now before any possible tax changes .
( See “ Market AGAIN More Precariously Euphoric Than Any Time in History.
” ) So , far the moves appear to be restricted to physical assets .
Keep an eye out for WHERE inflation is happening , and I will , too .
We know it has been happening in housing and home construction materials .
That , however , may just be a COVID migrational anomaly that proves @ @ @ @ @ @ @ market took a huge drop in November after several months of huge rises .
I hope all of you , especially in this weird COVID year , will look for and find and give some Christmas cheer , in spite of everything .

by David Haggith
In my last Patron Post, which I eventually made available to everyone, I revealed a little-known (at the time) fact that M1 money supply (the most liquid forms of cash — bills, checks and basic savings accounts) had grown faster than any time in history. I showed that using a graph like the following, which is now brought up to the most current data:
With part of December now in the picture, you can see the faintest hint at the top of the steep late-November climb that shows the climb may be rounding off.
I noted,
That is a massive amount of new cash money — historically massive — done almost covertly in the quickest burst ever — and yet it did not even cause the stock market to blink!… The graphs … make it clear why inflation under the new regime could become a much more serious problem than the limp moves seen over all the years of the Great Recovery, the difference being how fast the Fed’s QE is now converting into cash
… and I asked,
Why did such an enormous surge in money supply happen in the last two weeks of November with no financial articles being written about it and no statements from the Fed about it? What is going on behind the scenes at the Fed and/or US treasury right now?
…and I promised I would look into and get back to you on it.
I think that I may have found a couple of answers, so I am getting back to you on that as promised.
This could be due to Biden’s promised termination of tax welfare to the rich
The first answer is my own surmising based on an article I just read about major tax-planning moves that are happening now in anticipation of Joe Biden’s promise finally to curtail the massive welfare to the rich that has gone on since the Reagan era (as the core of Reaganomics) in the form of that special tax cut they benefit from almost exclusively — the special capital-gains tax rate that is lower than tax on regular income.
As I’ve said many times on this site, the special cap-gains tax rate — more than any other cause — is why we have such huge growth in disparity between the rich and the rest. Capital gains are where the top 10% make most of their money — not in wages like the rest of the populace — yet they pay a much lower rate on that kind of income-earning than the much of the middle class pays on their kind of income.
Biden has promised he will end this obscene social welfare program that has been deepening the social divide in this nation for decades. That prospect has the top ten percent, and especially the one percent, scrambling for cover!
Rich Americans Who Fear Higher Taxes Hurry to Move Money Now Rich Americans are rushing to make large transactions before the end of the month, trying to get ahead of any moves next year by President-elect Joe Biden and Democrats in Congress to raise taxes or close loopholes. Some advisers say they’re busier than ever in the last weeks of 2020, especially with helping clients transfer wealth to the next generation tax-free while they still can. Appraisers, who are crucial for valuing assets used in these estate planning strategies, have been inundated…. NewsMax
It stands to reason that the richest of the rich and even just the regular rich are scared their overinflated lives will take a hit now that they see almost forty years of tax welfare possibly coming to an end. So, they are, like never before, scrambling to cover their asses — excuse me, convert their assets. The process of selling assets now while the gains realized on those assets can still be taxed at a much lower rate is bound to raise a lot of interim cash.
As I noted in my Patron Post, banks have been allowed to take money out of their reserve accounts as the Fed’s reserve ratio was dropped for COVID this year. That makes it easy for them to create more liquid cash to facilitate large financial transactions.
NewsMax notes that requests for property appraisals have quadrupled at one New York appraisal firm. Some of that, I would suggest, must be due to the new COVID migration. especially out of New York City. Some of it is due, according to NewsMax, to people selling investment properties in order to avoid higher capital-gains taxes down the road. The article notes that,
By late November, he had to start turning away clients. “We physically can’t handle all the year-end deadlines at this point,” Miller said. “We started doing this [turning away the overflow of clients] after the Thanksgiving holiday and it’s been extremely frustrating.”
Exactly the timing of the massive increase in the nation’s cash (M1) money supply.
The article notes that this rush into real-state sales, even after the COVID rush has surprised many advisors. Biden planned to restore a little balance to the budget by taking away this social welfare to the rich, but …
The results suggested Biden may have a difficult time fulfilling campaign promises to raise trillions of dollars in new revenue from the wealthy.
… but the rich are jumping ship in anticipation to avoid paying back some of the years of specially privileged tax cuts they almost exclusively have benefited from.
Naturally, the running of the rich is going to create some large temporary piles of cash as money moves from one kind of asset into whatever the rich are planning to do with all this money. (Maybe give it to their entitled children before estate taxes rise again — a major tax gift the aging Trump gave to his kids?)
The Biden administration could also try to close the many loopholes that make the U.S. estate and gift tax easy to avoid. “I can see a situation where Treasury issues regulations that make it more difficult to do effective estate planning….” The 2017 Republican tax law signed by President Donald Trump doubled the amount the wealthy could pass to heirs without paying the estate and gift tax…. The main reason for rich taxpayers to make moves by Dec. 31 is the threat that tax changes under Biden could be retroactive to the beginning of 2021.
The article also notes a big rise in the rate at which the rich are trying to sell businesses as assets as well as other investments. So, it is not just a move to sell expensive real estate … but any kind of asset on which they would see gains.
So, the rich are rushing to cash out. Though the article mentions nothing about the biggest rise in the nation’s history in supply of the most liquid forms of cash, I suspect the rush of the rich to cash out assets now has something to do with the rapid rise in cash balances. In that case, it may just be temporary, as other assets become purchased with the gains down the road.
There is reason to think some could remain in cash form. When the rich cash out, those that are charitably inclined send some of that cash to charities, especially now when tax deductions for such gifts can be applied 100% as an offset to income. That is money that often goes into operating accounts of thousands of different charitable institutions and so straight into the mainstream economy.
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If it continues to be held in M1 cash form, then, being easier to spend and move down the road, it could create the kind of inflation I warned about where there is too much (cash) money chasing too few goods during a time of COVID shortages. We’ll have to remain vigilant to see. It is a matter of how the cash circulates.
Money creates price inflation where money circulates. If it stays in financial circles, there still will not be much inflation outside of financial circles; but if it goes in early gifts to rich kids, in lieu of inheritance to rich kids who profligately choose to spend it all on fancy vacations after COVID settles down and pretty toys, then it moves into the mainstream economy and can create high inflation if people start having more dollars than there are goods to buy in a time when the recent COVID scrooge has bogged down production and transportation.
It’s time to be vigilant.
It may also be time to forbear
Another article I read this week, dove into its own explanation for the rapid rise in cash, and it makes sense to me that this, too, is part of the reason, and it raises the same concerns about the prospects for hyperinflation:
The amount of dollars in checking accounts in the US banking system exploded by 25% from Nov. 16-30, the fastest rate in history, including the immediate post COVID-19 printing bonanza. The money, an unbelievable $1.3 trillion, came from savings accounts. Seeking Alpha
By “savings accounts,” the author must mean certificates of deposit and other term deposits, because ordinary savings are part of M1 (immediately liquid cash). I read another article that said money was moving from M2 to M1. That doesn’t make any sense because M2 is all forms of cash, including M1. So, money cannot move from M2 to M1 because M1 is part of M2. The difference is that M2 is simply broader so that it includes less liquid forms of cash, such as CDs, which you can cash out immediately, but on which you pay a small penalty if you do.
M2 is a broader money classification than M1 because it includes assets that are highly liquid but are not cash. A consumer or business typically doesn’t use savings deposits and other non-M1 components of M2 when making purchases or paying bills, but it could convert them to cash in relatively short order. Investopedia
The author of this Seeking Alpha article also notes,
The transfer coincides with the expiration of most mortgage forbearance plans…. Seeking Alpha
The author suggests the money is moving from savings (I believe he means term savings) to checking to start making way for sudden massive payments of rent and mortgage that have been postponed under forbearance. Forbearance was set to wind up at the end of the year, unless extended in a new COVID aid act.
As we just saw this week, it is no given such an extension will happen, though it seems ultimately likely the Federal government will not let people still in the throes of COVID unemployment that was forced upon them also be forced out of their homes … or forced to release all of their limited security to paying these backlogged payments off.
It appears Trump is deploying a “pocket veto” to the CARES Act 2, wherein no legislation is veto proof because the president can stop legislation from becoming law — without any possibility of a veto-override vote — by just not responding to it during the time of a congressional adjournment, as typically happens from now to New Years and then after New Years as congress closes for the next elected congress to begin. If the president “pockets” the legislations and doesn’t officially veto it for ten days while congress is adjourned, the legislation is automatically vetoed for good. (Just the way the constitution works.)
The point in this second article is that uncertainty about whether forbearance will be extended into 2021 may have some people scrambling to cash out any longer-term deposits they were retaining for security in such uncertain times in order to be ready to pay their back payments on mortgages and rent.
Could be. I don’t think the author proves the point, but it makes some plausible sense. That would also be a potential inflation problem as large amounts of the original CARES money may have gone into investments and term deposits, and those investments (per the first part of this article) and term deposits may be cashing out now. If forbearance is not continued, then that cash in the banks will all suddenly dump into the mainstream economy as it pays rents:
Checking deposits are used for payment, savings deposits for investment, suggesting more spending and less investment, meaning stagflation is about to pick up in a big way.
The author writes like someone who makes money buying and selling gold and concludes that holding gold is what you need to do. Maybe, but the stagflation he warns of is not a given. It will still depend on whether forbearance ends and whether rent and mortgage back payments are really why much more money is suddenly being held in its most liquid form.
To prove that the increase in M1 money is coming out of term savings, the author posts this graph:
What I see in this graph is that the “non-M1” component of M2 (in other words the term savings component) shot up early in the year under the CARES Act and has now fallen by enough to account for the sudden rise in the M1 component. So, maybe he is right, but that does not establish whether the move is due to people preparing for the end of forbearance. It could be for any number of reasons. The basis for that reason is timing.
Notice the plunge at the end of the chart. We can see here that over the same two-week period, savings deposits contracted by about the same $1.3 trillion [as M1 rose by]…. An absolutely unprecedented amount of money is suddenly being vacuumed out of savings and into checking. The obvious question is why, and what are the implications?… For such a gargantuan amount of money to have been transferred from savings to checking in just two weeks likely means there are suddenly a whole lot of big bills coming due all at the same time.
From there, he goes on to make his conclusion that the timing means people are getting ready for the end of forbearance. He may be right, just as the timing may as easily indicate people are exchanging assets and freeing up cash to facilitate sudden December moves to get ready for tax changes. Either reason has rational plausibility, but we don’t know. It may be both.
No conclusion
So, there you have it — two possible solid explanations for the sudden and historically massive rise in M1, the most liquid kind of cash. The good news, then, is that none of this huge move in money appears to be due to something breaking — a concern I expressed in my Patron Post — but it does mean the possibilities of high inflation that I finally started warning about this year, particularly in my Patron Posts, are something we need to watch out for because the COVID situation is much different than when banks were clearly and solely pumping money into assets. It will depend on what shores this tidal wave of cash now flows onto.
It also means Santa could have claws this year for stock investors, too, in lieu of his usual gift to stockholders IF stocks become some of the assets that are being sold off to realize gains now before any possible tax changes. (See “Market AGAIN More Precariously Euphoric Than Any Time in History.”) So, far the moves appear to be restricted to physical assets.
Keep an eye out for WHERE inflation is happening, and I will, too. We know it has been happening in housing and home construction materials. That, however, may just be a COVID migrational anomaly that proves short lived, given that the housing market took a huge drop in November after several months of huge rises.
I hope all of you, especially in this weird COVID year, will look for and find and give some Christmas cheer, in spite of everything.