investmentwatchblog--2020-06-26--Trump admin goes against the war mongering deep state liars. SYRIA’S ASSAD Does NOT have to go, prov

Trump admin goes against the war mongering deep state liars. SYRIA’S ASSAD Does NOT have to go, proving Trump is who we need as POTUS

Trump admin goes against the war mongering deep state liars SYRIA ’ S ASSAD Does Not have to go .

Trump admin goes against the war mongering deep state liars
SYRIA’S ASSAD Does Not have to go.
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h/t QuantumLove


investmentwatchblog--2020-06-26--Tucker Carlson’s opening monologue from tonight on the state of the nation. Repent America!

Wake up America , don ’ t allow these animals to get into power !

Wake up America, don’t allow these animals to get into power!
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h/t Jake


investmentwatchblog--2020-06-26--Facebook bans talk about vaccines, but openly embraces art depicting Antifa terrorists slicing open

Facebook bans talk about vaccines, but openly embraces art depicting Antifa terrorists slicing open neck of cop

( Natural News ) A heinously gruesome photo is currently making the rounds on social media that depicts a figure in all-black garb slashing the neck of a police officer on his knees .
And Facebook apparently sees nothing wrong with this disturbing image because it has not been censored .
Even as the social media giant doubles down on prohibiting any and all content that calls into question the safety or effectiveness of vaccines , an “ artistic ” rendering of a Coptic cross-wearing thug violently taking the life of a law enforcement officer is obviously no big deal @ @ @ @ @ @ @ of its “ community standards.
” The Gun Free Zone firearms blog first brought this image to our attention , highlighting the blatant hypocrisy of Facebook in constantly pulling down other innocuous content on the grounds that it is somehow “ hateful , ” all the while leaving up this image as an acceptable expression of “ free speech.
” When Miguel , the author of the Gun Free Zone blog , flagged and tried to report said image to Facebook for its depiction of hatred and violence against police officers , this @ @ @ @ @ @ @ Thanks for letting us know about this .
The photo was reviewed , and though it doesn ’ t go against one of our specific Community Standards , you did the right thing by letting us know about it .
We understand that it may still be offensive or distasteful to you , so we want to help you see less of things like it in the future.
” Of course , were the image reversed and a police officer was depicted slashing the throat of a black man , you can be @ @ @ @ @ @ @ the instant it was uploaded .
But since blacks can do no wrong on social media other than be conservative , there was nothing in this photo as is that was deemed to be a violation of Facebook ’ s “ community standards.
” Listen below to The Health Ranger Report as Mike Adams , the Health Ranger , talks about how the world should be thanking cops , not vilifying them : The best way to get back at Facebook is to abandon the platform entirely Our guess is that Twitter ’ @ @ @ @ @ @ @ worse .
While Jack Dorsey ’ s crew slaps “ fact check ” labels on President Trump ’ s tweets , this image of a cop being murdered is more than likely making the rounds among “ progressives ” who believe it to represent “ love ” and “ tolerance.
” This is the new age of anything-goes liberalism , where depictions of violent murder , so long as they are against white people and law enforcement , are perfectly acceptable to the left and leftist tech platforms .
But any mention of @ @ @ @ @ @ @ , or other “ politically incorrect ” topic remains strictly off limits .
Payment platforms like PayPal are similarly playing politics by disallowing the sale of firearms through their systems , even as they facilitate the funding of leftist terrorist groups like Antifa and Black Lives Matter .
If the left finds it offensive , then it is automatically “ hate speech.
” But if the left loves it , then it is love and tolerance .
“ Re-submit the same picture with a nametag saying Facebook Community Standards and a big Facebook @ @ @ @ @ @ @ ) see what response you get when their ox is being gored , ” wrote one Gun Free Zone commenter .
“ One of the first things to understand is every single thing you do on Facebook helps make them money , ” wrote another , encouraging people to flee the corrupt platform .
“ They will not change their behavior unless substantial numbers of people leave.
” To keep up with the latest news about the hypocrisy of Big Tech and its selective censorship agenda , be sure to check out Censorship.news @

by: Ethan Huff
(Natural News) A heinously gruesome photo is currently making the rounds on social media that depicts a figure in all-black garb slashing the neck of a police officer on his knees. And Facebook apparently sees nothing wrong with this disturbing image because it has not been censored.
Even as the social media giant doubles down on prohibiting any and all content that calls into question the safety or effectiveness of vaccines, an “artistic” rendering of a Coptic cross-wearing thug violently taking the life of a law enforcement officer is obviously no big deal at Facebook, and not in violation of its “community standards.”
The Gun Free Zone firearms blog first brought this image to our attention, highlighting the blatant hypocrisy of Facebook in constantly pulling down other innocuous content on the grounds that it is somehow “hateful,” all the while leaving up this image as an acceptable expression of “free speech.”
When Miguel, the author of the Gun Free Zone blog, flagged and tried to report said image to Facebook for its depiction of hatred and violence against police officers, this is the response he received:
“Thanks for letting us know about this. The photo was reviewed, and though it doesn’t go against one of our specific Community Standards, you did the right thing by letting us know about it. We understand that it may still be offensive or distasteful to you, so we want to help you see less of things like it in the future.”
Of course, were the image reversed and a police officer was depicted slashing the throat of a black man, you can be sure that it would have been removed the instant it was uploaded. But since blacks can do no wrong on social media other than be conservative, there was nothing in this photo as is that was deemed to be a violation of Facebook’s “community standards.”
Listen below to The Health Ranger Report as Mike Adams, the Health Ranger, talks about how the world should be thanking cops, not vilifying them:
The best way to get back at Facebook is to abandon the platform entirely
Our guess is that Twitter’s handling of this photo is even worse. While Jack Dorsey’s crew slaps “fact check” labels on President Trump’s tweets, this image of a cop being murdered is more than likely making the rounds among “progressives” who believe it to represent “love” and “tolerance.”
We are primarily funded by readers. Please subscribe and donate to support us!
This is the new age of anything-goes liberalism, where depictions of violent murder, so long as they are against white people and law enforcement, are perfectly acceptable to the left and leftist tech platforms. But any mention of vaccines, welfare abuse, illegal immigration, or other “politically incorrect” topic remains strictly off limits.
Payment platforms like PayPal are similarly playing politics by disallowing the sale of firearms through their systems, even as they facilitate the funding of leftist terrorist groups like Antifa and Black Lives Matter. If the left finds it offensive, then it is automatically “hate speech.” But if the left loves it, then it is love and tolerance.
“Re-submit the same picture with a nametag saying Facebook Community Standards and a big Facebook logo on the shirt … (and) see what response you get when their ox is being gored,” wrote one Gun Free Zone commenter.
“One of the first things to understand is every single thing you do on Facebook helps make them money,” wrote another, encouraging people to flee the corrupt platform. “They will not change their behavior unless substantial numbers of people leave.”
To keep up with the latest news about the hypocrisy of Big Tech and its selective censorship agenda, be sure to check out Censorship.news.
Sources for this article include:
GunFreeZone.net
NaturalNews.com


investmentwatchblog--2020-06-26--Not only do dead people get to vote, the IRS pays them

IRS Sent Stimulus Checks To Over 1 Million Dead People Leave it to the government to “ accidentally ” send @ @ @ @ @ over one million dead people .
According a report from the Government Accountability Office , @ @ @ @ @ 1.1 million checks to deceased people , because of course they did .
That amounts @ @ @ @ @ dollars .
The IRS sent more than a million stimulus checks worth $ 1.4 billion @ @ @ @ @ to data released Thursday by the Government Accountability Office—the watchdog report comes as lawmakers continue @ @ @ @ @ approach the economy in the wake of the coronavirus pandemic .
The GAO said the @ @ @ @ @ data on who is deceased is made accessible to government agencies : the IRS has @ @ @ @ @ Administration ’ s death records , but the arm of the Treasury Department that issued @ @ @ @ @ .

IRS Sent Stimulus Checks To Over 1 Million Dead People
Leave it to the government to “accidentally” send out coronavirus stimulus checks to over one million dead people.
According a report from the Government Accountability Office, the IRS sent out approximately 1.1 million checks to deceased people, because of course they did. That amounts to approximately $1.3 Billion dollars.
The IRS sent more than a million stimulus checks worth $1.4 billion to deceased people, according to data released Thursday by the Government Accountability Office—the watchdog report comes as lawmakers continue to disagree on how to approach the economy in the wake of the coronavirus pandemic.
We are primarily funded by readers. Please subscribe and donate to support us!
The GAO said the problem relates to the way data on who is deceased is made accessible to government agencies: the IRS has access to the Social Security Administration’s death records, but the arm of the Treasury Department that issued the stimulus payments does not.
www.thegatewaypundit.com/2020/06/irs-sent-stimulus-checks-1-million-dead-people/
Jake


investmentwatchblog--2020-06-26--We did it, America. We flattened the curve.

* CT : down 31.2 % * NY : down 29.6 % * NH : down 19.8 % * NJ @ @ @ @ @ GA : up 18.6 % * SC : up 35.8 % * OK : up @ @ @ @ @ up 39.9 % * TX : up 54.7 %

Seven-day average of current #covid19 hospitalizations, week-over-week:
* CT: down 31.2%
* NY: down 29.6%
* NH: down 19.8%
* NJ: down 16.8%
* GA: up 18.6%
* SC: up 35.8%
* OK: up 39.4%
* AZ: up 39.9%
* TX: up 54.7%
(via @CNBC)
— Carl Quintanilla (@carlquintanilla) June 26, 2020


investmentwatchblog--2020-06-26--This is a train wreck in progress.

This is a train wreck in progress.

Market has stalled since latest peak on June 8 , just as @ federalreserve ’ s balance sheet stopped expanding @ @ @ @ @ guarantee of future results ] pic.twitter.com/816mLGDTeV De-globalization in one chart : IMF expects global trade @ @ @ @ @ this year , the slump would be more than twice as severe as the decline @ @ @ @ @ of the past 10yrs , growth of global trade was below overall GDP growth , @ @ @ @ @ deglobalizing .
pic.twitter.com/L9gZ2tAyht

Market has stalled since latest peak on June 8, just as @federalreserve ’s balance sheet stopped expanding [Past performance is no guarantee of future results] pic.twitter.com/816mLGDTeV
De-globalization in one chart: IMF expects global trade to collapse by 11.9% this year, the slump would be more than twice as severe as the decline in GDP. In 5 of the past 10yrs, growth of global trade was below overall GDP growth, i.e. the world was deglobalizing. pic.twitter.com/L9gZ2tAyht
— Holger Zschaepitz (@Schuldensuehner) June 26, 2020


investmentwatchblog--2020-06-26--IMF warns investors that global stock market rally is a gamble

UCLA economist predicts U.S. economy won ’ t recover from coronavirus until 2023 www.marketwatch.com/story/make-no-mistakethe-pandemic-morphed-into-a-depression-like-crisis-says-ucla-economist-who-predicts-us-economy-wont-recover-from-coronavirus-until-2023-2020-06-25 Time to take profit off stocks @ @ @ @ @ companies would announce decline in revenues and profits as businesses were shut for 2/3 ( @ @ @ @ @ the quarter .
What are your thoughts ?
U.S. Economy Might Not Heal by Next @ @ @ @ @ Risk of Correction The U.S. economy might not fully return to normal until 2022 , @ @ @ @ @ risk of a correction later in the summer , a leading economic forecaster… Disclaimer : @ @ @ @ @ educational purposes .
Do not make any investment decisions based on the information in this @ @ @ @ @ due diligence .

by LeadingChallenge2
Global stock market rally is a gamble: IMF warns investors www.theguardian.com/business/2020/jun/25/global-stock-market-rally-is-a-gamble-imf-warns-investors?CMP=oth_b-aplnews_d-1
Fed Caps Bank Dividends, Bans Buybacks Through September www.bloomberg.com/news/articles/2020-06-25/fed-caps-bank-dividends-bans-share-buybacks-through-september?
UCLA economist predicts U.S. economy won’t recover from coronavirus until 2023 www.marketwatch.com/story/make-no-mistakethe-pandemic-morphed-into-a-depression-like-crisis-says-ucla-economist-who-predicts-us-economy-wont-recover-from-coronavirus-until-2023-2020-06-25
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Nike reported decline in sales and profits www.cnbc.com/2020/06/25/nike-nke-reports-q4-2020-earnings.html
Time to take profit off stocks because 90% of the companies would announce decline in revenues and profits as businesses were shut for 2/3 (April and May) of the quarter. What are your thoughts?
The good news is jobless claims keep going down compared to the week prior. The bad news is that jobless claims, even in June now, are more than twice as high per week as the worst part of the 2008/2009 crisis. t.co/p8KxHuPpzP pic.twitter.com/DNSzGxJJtz — Lyn Alden (@LynAldenContact) June 26, 2020
The U.S. economy might not fully return to normal until 2022, and the market is at risk of a correction later in the summer, a leading economic forecaster…
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.


investmentwatchblog--2020-06-26--VIRUS CASES HIT ALL-TIME HIGH. NEW PEAK FLORIDA. RE-LOCKS IN TEXAS.

Texas and Florida clamped down on bars again Friday in the nation ’ s biggest retreat yet as a surge across the South and West sent the number of confirmed new coronavirus infections per day in the U.S. to an all-time high of 40,000 .
Texas Gov .
Greg Abbott ordered all bars closed , while Florida banned alcohol consumption at all such establishments .
The two states joined the small but growing list of those that are either backtracking or putting any further reopenings of their economies on hold because of a comeback by the virus .
Abbott had @ @ @ @ @ @ @ most aggressive reopening schedules of any state and had not only resisted calls to order the wearing of masks but had also refused until last week to let local governments take such measures .
Gov .
Greg Abbott on Friday took his most drastic action yet to respond to the post-reopening coronavirus surge in Texas , shutting bars back down and scaling back restaurant capacity to 50 % .
He also shut down river-rafting trips , which have been blamed for a swift rise in cases in Hays County , and banned outdoor @ @ @ @ @ @ @ officials approve .
“ At this time , it is clear that the rise in cases is largely driven by certain types of activities , including Texans congregating in bars , ” Abbott said in a news release .
“ The actions in this executive order are essential to our mission to swiftly contain this virus and protect public health.
” Bars must close at noon Friday , and the reduction in restaurant capacity takes effect Monday .
Before Abbott ’ s announcement Friday , bars were able to operate at 50 % @ @ @ @ @ @ @ .

VIRUS CASES HIT ALL-TIME HIGH
Texas and Florida clamped down on bars again Friday in the nation’s biggest retreat yet as a surge across the South and West sent the number of confirmed new coronavirus infections per day in the U.S. to an all-time high of 40,000.
Texas Gov. Greg Abbott ordered all bars closed, while Florida banned alcohol consumption at all such establishments. The two states joined the small but growing list of those that are either backtracking or putting any further reopenings of their economies on hold because of a comeback by the virus.
Abbott had pursued up to now one of the most aggressive reopening schedules of any state and had not only resisted calls to order the wearing of masks but had also refused until last week to let local governments take such measures.
NEW PEAK FLORIDA
The Florida Department of Health reported 8,942 new coronavirus cases, shattering the previous daily high for positive COVID-19 infections made just two days earlier. We are primarily funded by readers. Please subscribe and donate to support us!
The state also is shutting down on-site alcohol consumption at bars, according to Florida Department of Business & Professional Regulation Secretary Halsey Beshears. Effective immediately, the Department of Business and Professional Regulation is suspending on premises consumption of alcohol at bars statewide. — HalseyBeshears (@HalseyBeshears) June 26, 2020
RE-LOCKS IN TEXAS
Gov. Greg Abbott on Friday took his most drastic action yet to respond to the post-reopening coronavirus surge in Texas, shutting bars back down and scaling back restaurant capacity to 50%.
He also shut down river-rafting trips, which have been blamed for a swift rise in cases in Hays County, and banned outdoor gatherings of over 100 people unless local officials approve.
“At this time, it is clear that the rise in cases is largely driven by certain types of activities, including Texans congregating in bars,” Abbott said in a news release. “The actions in this executive order are essential to our mission to swiftly contain this virus and protect public health.”
Bars must close at noon Friday, and the reduction in restaurant capacity takes effect Monday. Before Abbott’s announcement Friday, bars were able to operate at 50% capacity and restaurants at 75% capacity.


investmentwatchblog--2020-06-26--Weekly NYC Shootings Soar 358% Over Last Year, Data Shows

New York City shootings over the last seven days skyrocketed by more than 358 percent compared with the same time @ @ @ @ @ just 12 last year to 55 in 2020 , according to NYPD data News 4 @ @ @ @ @ of 74 people were wounded in the 55 shootings , at least 19 of them @ @ @ @ @ dozen shootings across the five boroughs on Saturday alone .
Most of that gunfire was @ @ @ @ @ of those shootings were in Brooklyn , two in Queens and one in Manhattan , @ @ @ @ @ man died , a 35-year-old shot in the neck in Brooklyn .
The survivors varied @ @ @ @ @ 47 .
Some of the victims were innocent bystanders struck by stray gunfire , police @ @

New York City shootings over the last seven days skyrocketed by more than 358 percent compared with the same time period in 2019, from just 12 last year to 55 in 2020, according to NYPD data News 4 reported Monday.
A total of 74 people were wounded in the 55 shootings, at least 19 of them injured in more than a dozen shootings across the five boroughs on Saturday alone. Most of that gunfire was in the Bronx; four of those shootings were in Brooklyn, two in Queens and one in Manhattan, the NYPD said.
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One man died, a 35-year-old shot in the neck in Brooklyn. The survivors varied in age from 16 to 47. Some of the victims were innocent bystanders struck by stray gunfire, police said.
www.nbcnewyork.com/news/local/weekly-nyc-shootings-soar-358-over-last-year-data-shows/2478075/


investmentwatchblog--2020-06-26--Alabama passes bill banning abortion Pat Robertson calls this new Alabama ban on abortion too Extrem

Alabama passes bill banning abortion Pat Robertson calls this new Alabama ban on abortion too Extreme!

Alabama has become the latest US state to move to restrict abortions by passing a bill to outlaw the procedure @ @ @ @ @ The law includes a ban on abortion in cases of rape or incest .
Supporters @ @ @ @ @ to be blocked in court but hope that the appeals process will bring it before @ @ @ @ @ want the court , which now has a conservative majority , to overturn the 1973 @ @ @ @

Alabama has become the latest US state to move to restrict abortions by passing a bill to outlaw the procedure in almost all cases.
The law includes a ban on abortion in cases of rape or incest.
Supporters say they expect the law to be blocked in court but hope that the appeals process will bring it before the Supreme Court.
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They want the court, which now has a conservative majority, to overturn the 1973 ruling legalising abortion.
www.bbc.com/news/world-us-canada-48275795
h/t Goneviral


investmentwatchblog--2020-06-26--NY Governor Cuomo – CDC contact tracers can force quarentine anyone,$10,000 fine if you get sick and

NY Governor Cuomo – CDC contact tracers can force quarentine anyone,$10,000 fine if you get sick and cause harm, plus cost of your confinement

New York State will make random checks on people to enforce a 14-day quarantine on travelers coming from states that are infection hot spots for the coronavirus , Gov .
Andrew M. Cuomo said Thursday .
Asked how New York would enforce the mandate , Cuomo said tracers will follow up randomly to ensure visitors are meeting requirements .
“ You fly into New York , we ’ ll have your name , we ’ ll know where you ’ re supposed to be staying .
There ’ ll be random checks , ” Cuomo said .
“ You get @ @ @ @ @ @ @ he looks at where your residence [ is ] and says how long have you been here ?
You get sick and you go to a hospital from out of state and you test positive and you ’ re within the 14 days , you ’ ve violated the law .
You ’ re going to have a problem.
” Cuomo said inspectors will be “ looking randomly at names on the list ” and following up to make sure visitors are quarantined .
If they are not , they will be fined @ @ @ @ @ @ @ fines of $ 2,000 for the first offense , $ 5,000 for the second offense , and $ 10,000 if they “ cause harm , ” Cuomo said Wednesday , when the quarantine was announced .
They could be subjected to a judicial order and mandatory quarantine , and be required to pay the cost of the quarantine .

New York State will make random checks on people to enforce a 14-day quarantine on travelers coming from states that are infection hot spots for the coronavirus, Gov. Andrew M. Cuomo said Thursday.
Asked how New York would enforce the mandate, Cuomo said tracers will follow up randomly to ensure visitors are meeting requirements.
“You fly into New York, we’ll have your name, we’ll know where you’re supposed to be staying. There’ll be random checks,” Cuomo said. “You get pulled over by a police officer and he looks at where your residence [is] and says how long have you been here? You get sick and you go to a hospital from out of state and you test positive and you’re within the 14 days, you’ve violated the law. You’re going to have a problem.”
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Cuomo said inspectors will be “looking randomly at names on the list” and following up to make sure visitors are quarantined. If they are not, they will be fined, he said.
Violators can face fines of $2,000 for the first offense, $5,000 for the second offense, and $10,000 if they “cause harm,” Cuomo said Wednesday, when the quarantine was announced. They could be subjected to a judicial order and mandatory quarantine, and be required to pay the cost of the quarantine.
www.newsday.com/news/health/coronavirus/coronavirus-long-island-quarantine-new-york-1.46101921


investmentwatchblog--2020-06-26--Bitcoin, the Pandemic, and Shifting Generational Investing Habits

According to data from a 2019 Harris poll and Cointelegraph , 59 percent of millennials had a positive viewpoint of Bitcoin as a fintech innovation , a sentiment that was three times higher for the group compared to retirees .
Older generations typically invest in real estate , stocks , low interest rate investments such as CDs , and the stock market .
The enthusiasm for Bitcoin contrasts to the tough economic times for Millennials , a group that has weathered the 2008 crisis and now contends with the massive economic disruption of the COVID-19 pandemic .
The millennials and @ @ @ @ @ @ @ the current economic opportunities , with housing costs and wages not living up to those enjoyed by the Boomers .
Additionally , millennial and younger generations embrace several investment trends , including socially-responsible investing that feature funds with social or environmental mandates .
This generation also employs a more DIY route to investing that includes ETFs and individual stock picks .
That DIY mindset is much of what ’ s driving interest in Bitcoin as a short and long-term investment opportunity that holds more promise for younger investors who better understand the underlying @ @ @ @ @ @ @ the New Economy According to the 2019 Harris poll , 20 percent of millennials have owned some Bitcoin , a number that likely increased after the pandemic sparked extensive interest in cryptocurrency .
Bitcoin and other cryptocurrencies hold many attractive advantages that should encourage further adoptions and growth both during and after the COVID-19 pandemic , including : • None Bitcoin is not tied to a centralized regulatory agency or government , which better reflects the current global economy • None Cryptocurrencies are ideally suited to offer opportunity to underbanked individuals , by @ @ @ @ @ @ @ and a universal digital currency • None Bitcoin ATMs allow users to send money abroad to another person securely and discretely .
This is an easier process than using a traditional bank wire , and it also eliminates the virus risks associated with in-person bank manager transactions • None Countries are moving away from cash , towards digital payment methods , and Bitcoin offers unparalleled security , transparency , and ease of use for consumers • None Bitcoin ATMs enable buyers to create and verify an account in less than a minute , @ @ @ @ @ @ @ at their convenience , without enduring lengthy bank processes • None Bitcoin is highly liquid , which allows investors to move in and out of their investments easily The turbulence caused by the COVID-19 pandemic caused a spike in Bitcoin purchases and further broadening of cryptocurrency awareness .
The acceptance of Bitcoin pushed individual purchasing , but the seismic shifts will come when banks and other financial players invest in Bitcoin for the long term .
This is beginning to happen , as some banks offer services for Bitcoin businesses and are looking @ @ @ @ @ @ @ investment portfolios to better manage risk .
Additionally , large FinTech companies like PayPal are even starting to dip their toes into the cryptocurrency world .
The proliferation and usage of Bitcoin ATMs plays a vital role in Bitcoin ’ s growth .
During the pandemic , the average number of transactions and average value per transaction conducted via Bitcoin ATMs skyrocketed .
Bitcoin Depot , a provider of more than 500 Bitcoin ATMs , and other companies reported strong activity even after shutting down some of their machines in high-risk areas during @ @ @ @ @ @ @ As the focus for virus transmission moved to in-person contact and away from touchpoints , Bitcoin Depot put these machines back in circulation and now sees a significant uptick in demand .
The company ’ s Bitcoin ATMs feature the same security mechanisms found in traditional ATMs .
As of late June 2020 , there are more than 8,000 Bitcoin ATMs worldwide .
This number is expected to rise exponentially as more countries regulate cryptocurrencies and younger consumers add to their holdings or enter the Bitcoin market for the first time .
Disclaimer @ @ @ @ @ @ @ the views of IWB .

According to data from a 2019 Harris poll and Cointelegraph, 59 percent of millennials had a positive viewpoint of Bitcoin as a fintech innovation, a sentiment that was three times higher for the group compared to retirees. Older generations typically invest in real estate, stocks, low interest rate investments such as CDs, and the stock market.
The enthusiasm for Bitcoin contrasts to the tough economic times for Millennials, a group that has weathered the 2008 crisis and now contends with the massive economic disruption of the COVID-19 pandemic. The millennials and Generation Z are both feeling shortchanged by the current economic opportunities, with housing costs and wages not living up to those enjoyed by the Boomers.
Additionally, millennial and younger generations embrace several investment trends, including socially-responsible investing that feature funds with social or environmental mandates. This generation also employs a more DIY route to investing that includes ETFs and individual stock picks. That DIY mindset is much of what’s driving interest in Bitcoin as a short and long-term investment opportunity that holds more promise for younger investors who better understand the underlying technology.
Bitcoin’s Advantages for the New Economy
According to the 2019 Harris poll, 20 percent of millennials have owned some Bitcoin, a number that likely increased after the pandemic sparked extensive interest in cryptocurrency. Bitcoin and other cryptocurrencies hold many attractive advantages that should encourage further adoptions and growth both during and after the COVID-19 pandemic, including:
We are primarily funded by readers. Please subscribe and donate to support us!
Bitcoin is not tied to a centralized regulatory agency or government, which better reflects the current global economy
Cryptocurrencies are ideally suited to offer opportunity to underbanked individuals, by providing them with access to potential growth and a universal digital currency
Bitcoin ATMs allow users to send money abroad to another person securely and discretely. This is an easier process than using a traditional bank wire, and it also eliminates the virus risks associated with in-person bank manager transactions
Countries are moving away from cash, towards digital payment methods, and Bitcoin offers unparalleled security, transparency, and ease of use for consumers
Bitcoin ATMs enable buyers to create and verify an account in less than a minute, so they can buy or sell Bitcoin at their convenience, without enduring lengthy bank processes
Bitcoin is highly liquid, which allows investors to move in and out of their investments easily
Bitcoin ATMs and Broader Acceptance
The turbulence caused by the COVID-19 pandemic caused a spike in Bitcoin purchases and further broadening of cryptocurrency awareness. The acceptance of Bitcoin pushed individual purchasing, but the seismic shifts will come when banks and other financial players invest in Bitcoin for the long term. This is beginning to happen, as some banks offer services for Bitcoin businesses and are looking at holding Bitcoin as part of their investment portfolios to better manage risk. Additionally, large FinTech companies like PayPal are even starting to dip their toes into the cryptocurrency world.
The proliferation and usage of Bitcoin ATMs plays a vital role in Bitcoin’s growth. During the pandemic, the average number of transactions and average value per transaction conducted via Bitcoin ATMs skyrocketed. Bitcoin Depot, a provider of more than 500 Bitcoin ATMs, and other companies reported strong activity even after shutting down some of their machines in high-risk areas during the pandemic’s early stages. As the focus for virus transmission moved to in-person contact and away from touchpoints, Bitcoin Depot put these machines back in circulation and now sees a significant uptick in demand. The company’s Bitcoin ATMs feature the same security mechanisms found in traditional ATMs.
As of late June 2020, there are more than 8,000 Bitcoin ATMs worldwide. This number is expected to rise exponentially as more countries regulate cryptocurrencies and younger consumers add to their holdings or enter the Bitcoin market for the first time.
Disclaimer: This content does not necessarily represent the views of IWB.


investmentwatchblog--2020-06-26--VIDEO: “Joe Biden finally left the basement, and here is the ‘welcome’ he received.”

Joe Biden finally left the basement , and here is the `` welcome '' he received .

Joe Biden finally left the basement, and here is the "welcome" he received.
Pennsylvania voters support @realDonaldTrump! pic.twitter.com/3S3py4uC20
— Ronna McDaniel (@GOPChairwoman) June 25, 2020


investmentwatchblog--2020-06-26--WaPo accidentally admits that Trump is right about Democrat run cities having high crime

WaPo proves Trump is right about Democrat run cities having more violence .
Oops !

by Facts-Over-Opinion
WaPo proves Trump is right about Democrat run cities having more violence. Oops!
www.washingtonpost.com/politics/2020/06/25/trump-keeps-claiming-that-most-dangerous-cities-america-are-all-run-by-democrats-they-arent/
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newspunch.com/snopes-caught-lying-for-hillary-again-questions-raised/
foodbabe.com/do-you-trust-snopes-you-wont-after-reading-how-they-work-with-monsanto-operatives/


investmentwatchblog--2020-06-26--Black Man Destroys CHAZ/CHOP

Black Man Destroys CHAZ/CHOP

You know a man is serious when he starts flipping tables .
Seeya later # CHAZ or # CHOP or @ @ @ @ @ had enough of this # DumpsterFire .
Our discord : discord.gg/uaKhbC

You know a man is serious when he starts flipping tables. Seeya later #CHAZ or #CHOP or w/e. We’ve had enough of this #DumpsterFire. Our discord: discord.gg/uaKhbC
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investmentwatchblog--2020-06-26--Inside Singapore’s $3 Billion Oil Trading Scandal

• Hin Leong Trading was just named in a major $ 3 billion oil trading scandal • The revelation of the extent of corporate malfeasance has rocked Singapore ’ s bustling the trading community .
Back in April , Reuters reported that fabled Singapore oil trading firm , Hin Leong Trading ( Pte ) Ltd , had been caught with its hand in the cookie jar : One of the biggest names in the world of physical oil trading had systematically cooked its books in a bid to hide US $ 800 million in futures losses over the years .
@ @ @ @ @ @ @ financial impropriety has come to light after it has emerged that the firm had for years forged its records to hide massive holes in its traders ’ books amounting to billions of dollars .
The Wall Street Journal has reported that the said firm used “ routine and pervasive ” forgery to inflate its assets by more than $ 3 billion .
Hin Leong Trading ( Pte ) Ltd is a closely held firm owned by billionaire founder Lim Oon Kuin .
A two-month investigation by court-appointed independent administrators has revealed convoluted accounting @ @ @ @ @ @ @ its assets for years .
The investigators have found that Hin Leong ’ s true assets amounted to just $ 257 million , or a mere 7 % of the $ 3.5 billion it has in liabilities , mostly to loans from banks , including HSBC Holdings PLC .
Hin Leong posted a net profit of $ 78 million against total liabilities and equity of $ 4.56 billion for the period ended October 31 .
However , investigations revealed that the firm ’ s total liabilities amounted to $ 4.05 billion , while @ @ @ @ @ @ @ leaving a hole of $ 3.34 billion .
According to an affidavit by the founder ’ s son , Lim Chee Meng , Hin Leong also secretly sold some of the millions of barrels of refined products that it had pledged as collateral to secure the loans .
This resulted in a significant shortfall between the inventories pledged to its lenders and what it actually held , potentially meaning huge losses for the banks .
Interestingly , Deloitte & Touche LLP , the firm that audited Hin Leong ’ s accounts for the @ @ @ @ @ @ @ failed to flag these anomalies .
The revelation of the extent of corporate malfeasance by the giant firm has rocked Singapore ’ s bustling the trading community .
But it ’ s just one of a series of scandals that have lately emerged in close succession from the city-state , thus threatening its ambitions to become a regional and global commodity trading hub .
Similar blow-ups by Agritrade International and ZenRock Commodities Trading have led to questions being asked about the efficacy of the country ’ s regulatory framework and its oversight of @ @ @ @ @ @ @ of engaging in dishonest practices that left the firm owing more than $ 600m to creditors .
Critics now say the country ’ s monitoring and enforcement of many of the country ’ s numerous privately owned trading firms in the energy sector are too weak .
Singaporean authorities are seen as being reluctant to introduce rigorous oversight due to their overriding desire to be viewed as a business-friendly destination .
Singapore ’ s location , which straddles vital shipping lanes that connect China with global markets , has helped transform it into @ @ @ @ @ @ @ directly with traditional giants , including London , Houston , and Geneva .
The majority of the world ’ s oil trading houses , including Vitol Trafigura , Glencore , and Mercuria have offices in Singapore where they rub shoulders with trading firms of oil giants , including Shell and BP in markets such as bunkering , or marine fuel .
To be fair , the commodity blow-ups are hardly unique to Singapore , with the recent debt crisis at Dubai-based Phoenix Commodities , another high-profile case where oil traders have tried to @ @ @ @ @ @ @ Indeed , these are a reflection of just how choppy the oil markets have become in recent times .
In April , we reported how Chinese oil investors lost $ 1B after oil prices went negative .
Bloomberg has also reported that hordes of oil traders lost a collective $ 109 million after Interactive Brokers failed to recognize negative oil prices in a case eerily reminiscent of the Y2K bug of two decades ago .
It ’ s not all doom and gloom , of course .
Savvy trading firms have actually been @ @ @ @ @ @ @ in the oil markets .
Goldman Sachs commodities trading unit generated more than $ 1B in revenues through May as its traders ’ bets on the oil price crash paid off .
Most of the killing was made by just two oil traders , Anthony Dewell and Qin Xiao , who correctly predicted the collapse and positioned their desks accordingly .
Last year was a record year for most oil traders thanks to heightened volatility ; this year appears to be more of a mixed one as oil markets entered unchartered territory .

By Alex Kimani
Singapore’s geographic location makes it a hot spot for physical oil trading.
Hin Leong Trading was just named in a major $3 billion oil trading scandal
The revelation of the extent of corporate malfeasance has rocked Singapore’s bustling the trading community.
Back in April, Reuters reported that fabled Singapore oil trading firm, Hin Leong Trading (Pte) Ltd, had been caught with its hand in the cookie jar: One of the biggest names in the world of physical oil trading had systematically cooked its books in a bid to hide US$800 million in futures losses over the years. But now the full extent of the financial impropriety has come to light after it has emerged that the firm had for years forged its records to hide massive holes in its traders’ books amounting to billions of dollars. The Wall Street Journal has reported that the said firm used “routine and pervasive” forgery to inflate its assets by more than $3 billion.
Hin Leong Trading (Pte) Ltd is a closely held firm owned by billionaire founder Lim Oon Kuin.
Singapore Trading Scandals
A two-month investigation by court-appointed independent administrators has revealed convoluted accounting that allowed the distressed firm to overstate its assets for years. The investigators have found that Hin Leong’s true assets amounted to just $257 million, or a mere 7% of the $3.5 billion it has in liabilities, mostly to loans from banks, including HSBC Holdings PLC.
Hin Leong posted a net profit of $78 million against total liabilities and equity of $4.56 billion for the period ended October 31. However, investigations revealed that the firm’s total liabilities amounted to $4.05 billion, while assets were just $714 million, leaving a hole of $3.34 billion.
According to an affidavit by the founder’s son, Lim Chee Meng, Hin Leong also secretly sold some of the millions of barrels of refined products that it had pledged as collateral to secure the loans. This resulted in a significant shortfall between the inventories pledged to its lenders and what it actually held, potentially meaning huge losses for the banks. Interestingly, Deloitte & Touche LLP, the firm that audited Hin Leong’s accounts for the period ending October 31, 2019, failed to flag these anomalies.
The revelation of the extent of corporate malfeasance by the giant firm has rocked Singapore’s bustling the trading community.
But it’s just one of a series of scandals that have lately emerged in close succession from the city-state, thus threatening its ambitions to become a regional and global commodity trading hub.
Similar blow-ups by Agritrade International and ZenRock Commodities Trading have led to questions being asked about the efficacy of the country’s regulatory framework and its oversight of trading houses. HSBC has accused ZenRock of engaging in dishonest practices that left the firm owing more than $600m to creditors.
Critics now say the country’s monitoring and enforcement of many of the country’s numerous privately owned trading firms in the energy sector are too weak. Singaporean authorities are seen as being reluctant to introduce rigorous oversight due to their overriding desire to be viewed as a business-friendly destination.
We are primarily funded by readers. Please subscribe and donate to support us!
Singapore’s location, which straddles vital shipping lanes that connect China with global markets, has helped transform it into a leading commodity trading hub that competes directly with traditional giants, including London, Houston, and Geneva. The majority of the world’s oil trading houses, including Vitol Trafigura, Glencore, and Mercuria have offices in Singapore where they rub shoulders with trading firms of oil giants, including Shell and BP in markets such as bunkering, or marine fuel.
To be fair, the commodity blow-ups are hardly unique to Singapore, with the recent debt crisis at Dubai-based Phoenix Commodities, another high-profile case where oil traders have tried to obfuscate the extent of their losses.
Indeed, these are a reflection of just how choppy the oil markets have become in recent times.
In April, we reported how Chinese oil investors lost $1B after oil prices went negative. Bloomberg has also reported that hordes of oil traders lost a collective $109 million after Interactive Brokers failed to recognize negative oil prices in a case eerily reminiscent of the Y2K bug of two decades ago.
Profiting from Chaos
It’s not all doom and gloom, of course.
Savvy trading firms have actually been minting billions thanks to the sky-high volatility in the oil markets.
Goldman Sachs commodities trading unit generated more than $1B in revenues through May as its traders’ bets on the oil price crash paid off. Most of the killing was made by just two oil traders, Anthony Dewell and Qin Xiao, who correctly predicted the collapse and positioned their desks accordingly.
Last year was a record year for most oil traders thanks to heightened volatility; this year appears to be more of a mixed one as oil markets entered unchartered territory.
By Alex Kimani for Oilprice.com


investmentwatchblog--2020-06-26--David Stockman on What Could Happen If the Fed Loses Control

International Man : Recently , Fed Chairman Jerome Powell said the central bank ’ s money printing is designed to help average Americans , and not Wall Street .
What ’ s your take on this ?
David Stockman : Yes , and if dogs could whistle , the world would be a chorus !
The truth is , in an economy encumbered with nearly $ 78 trillion of debt already—including $ 16.2 trillion on households , $ 16.8 trillion on business , $ 23 trillion on governments—the last thing we need is even lower interest rates and even bigger @ @ @ @ @ @ @ .
In fact , in a debt-saturated system , the Fed ’ s massive bond purchases never transmit anything outside the canyons of Wall Street .
This money-printing madness only drives bond prices higher and cap rates lower—meaning relentless and systematic inflation of financial assets ’ prices .
As a practical matter , of course , the bottom 90 % don ’ t own enough stock or even inflated government and corporate bonds to shake a stick at .
Instead , what meager savings they have accumulated languish in bank deposits , CDs @ @ @ @ @ @ @ the Fed has decreed—nothing !
So , when Powell says he ’ s only trying to help the average American , you have to wonder whether he is just stupid or the greatest lying fraud yet to occupy the big chair at the Fed .
Then again , it doesn ’ t really matter why .
The Fed is now a completely rogue institution that is a clear and present danger to the future of prosperity and liberty in America .
The tragedy is that the clueless speculators on Wall Street and politicians @ @ @ @ @ @ @ the joke .
International Man : So far , the Fed has been able to successfully manipulate interest rates to historic lows .
What are some catalysts that could cause the Fed to lose control and interest rates to spike ?
David Stockman : They are chasing their tail , faster and faster .
The more they expand their balance sheet , thereby injecting into the bond pits a massive artificial bid for governments , corporates , munis , commercial paper and junk , the lower the yields go , and the demand @ @ @ @ @ @ @ to say , when incomes drastically shrink due to the folly of Lockdown Nation , debt should be liquidated , not massively increased .
So , the Fed and its fellow-traveling global central banks are setting up our Humpty-Dumpty economy for a very great fall .
That is to say , what will cause the central banks to lose control is the greatest wave of debt defaults in recorded history .
On that score , the Fed just issued its Flow of Funds data for Q1 , and it leaves nothing to the @ @ @ @ @ @ @ on the US economy now stands at $ 77.6 trillion , or 3.5X GDP , and we ’ ll be lucky to post at $ 21 trillion for the full year of 2020 GDP .
Recall that we supposedly got a wakeup call back in 2008 , when the economy plunged into financial crisis and the worst recession since the 1930s ; way too much debt was widely identified as the fall guy .
But back then , total debt outstanding was just $ 52.6 trillion , meaning that during the last decade @ @ @ @ @ @ @ actually took on $ 25 trillion of new debt—a 48 % increase .
Moreover , big-spending politicians were not the only culprit .
That ’ s because when the central banks drastically falsify interest rates to sub-economic levels , everyone is incentivized to borrow hand-over-fist .
And , most often , it ’ s for unproductive purposes , such as more transfer payments in the government sector and more financial engineering among the C-suites .
On the eve of the Great Recession , for example , total business debt ( corporate and non-corporate @ @ @ @ @ @ @ has subsequently soared to $ 16.8 trillion .
That $ 6.7 trillion gain represents fully 98 % of the $ 6.85 trillion increase in nominal GDP during the same period .
This orgy of borrowing also means that business debt over the past 13 years has grown by 66.5 % —far more than the 46.7 % expansion of nominal GDP .
Accordingly , the business debt burden on GDP has now gone off the charts , and at 78 % of GDP , is more than double the pre-1970 level : Stated differently @ @ @ @ @ @ @ interest rates by the central bank have amounted to a slow-motion burial of the business sector in debt ; debt that in recent decades has been overwhelmingly allocated to shrinking the equity base of business enterprises , thereby cycling wealth from the productive economy to the rent-capturing precincts of Wall Street .
Indeed , the Fed ’ s cheap credit never really leaves the canyons of Wall Street , where it fulsomely rewards carry-traders and risk asset speculators because zero cost money is always and everywhere the mother ’ s milk of leveraged @ @ @ @ @ @ @ to become maniacally obsessed with goosing their stock options via financial engineering gambits like stock buybacks , leveraged recaps and wildly over-priced M & A deals as a substitute for organic growth .
Yet these maneuvers merely supplant equity and financial resilience with debt and financial fragility .
So when business bankruptcies soar to unprecedented levels in the month ahead as the economy reels from the folly of Lockdown Nation , the financial fragility part will become crystal clear .
But it also needs to be recalled that even as the interest rate @ @ @ @ @ @ @ explosion of business debt after the 2008 financial crisis , it did not translate into any growth in productive investment at all .
In fact , real business CapEx minus current capital consumption ( depreciation and amortization charged to current period production ) is today barely a tad higher than it was 20 years ago on the eve of the dotcom bust .
In short , the Fed has fostered a zombie economy , and it is the collapse of the zombies that will eventually take it down .
International Man : The @ @ @ @ @ @ @ months than it has for its entire history .
The government is spending as if trillion is the new billion .
What is going on here ?
David Stockman : Here ’ s an eye-opener to put this madness in perspective .
Annual federal outlays posted at $ 3.896 trillion in 2014 and were the product of 225 years of relentless expansion by the Leviathan on the Potomac .
But it now appears quite certain that the annual deficit in FY 2020 will actually be larger than the total spending level that took @ @ @ @ @ @ @ That ’ s right .
Owing to the mushrooming coast-to-coast soup lines hastily erected by Washington in response to the collapse of jobs , incomes and business cash flows brought on by Lockdown Nation and the evaporation of tax revenues , Uncle Sam will borrow more this year than the total spending just six years ago .
Stated differently , back in the day , we struggled to keep total federal spending during 1981 under $ 700 billion .
By contrast , the Donald has borrowed nearly 4X that in the last 90 @ @ @ @ @ @ @ Trump ’ s one truthful boast is that he is indeed the king of debt .
Needless to say , there is nothing remotely rational , plausible or sustainable about an FY 2020 budget that ’ s going to end up with revenue south of $ 3 trillion and spending north of $ 7 trillion .
That ’ s not even banana republic league profligacy ; it ’ s just sheer stupidity and madness , bespeaking a bipartisan duopoly in Washington that has had its collective brains turned into sawdust by the relentless @ @ @ @ @ @ @ banks .
For want of doubt , just consider what has happened since March 11 on the eve of the Lockdown Nation ’ s commencement .
The public float of federal debt has soared from $ 17.85 trillion to $ 20.24 trillion , gaining $ 2.39 trillion ; The Fed ’ s balance sheet has exploded from $ 4.31 trillion to $ 7.17 trillion , gaining $ 2.86 trillion .
The Fed has , therefore , effectively monetized 119 % of the gain in the publicly traded Treasury debt .
Of course , @ @ @ @ @ @ @ alone for this insanity ; he ’ s been enabled by two of the greatest crackpots to hold high economic policy positions in American history—Treasury Secretary Mnuchin and Fed Chairman Jay Powell .
As it has happened , we have closely observed every combination of Fed chairman and US treasury secretary since 1970 , when we headed off for our first job in the Imperial City , eager to better the world and our own prospects , too .
So , we can say without reservation that the current duo is the worst @ @ @ @ @ @ @ to plague the nation during the last half-century .
And it ’ s not a close call—even against a ship of fools , which include John B. Connally , G. William Miller , Ben Bernanke , Hank Paulson Jr. , Timothy Geithner and Janet Yellen , among considerable others .
After all , if the Treasury Secretary and Fed Chairman are utterly clueless about the grave dangers of the fiscal and monetary bacchanalia now rampant in the imperial city , how in the world will it stop except in some fiery collapse ?
@ @ @ @ @ @ @ ’ s little any individual can practically do to change the trajectory of this trend in motion .
The best you can and should do is to stay informed so that you can protect yourself in the best way possible .
That ’ s precisely why New York Times bestselling author Doug Casey just released an urgent new report on how to survive and thrive an economic collapse .
Click here download the free PDF now .

Via International Man
International Man: Recently, Fed Chairman Jerome Powell said the central bank’s money printing is designed to help average Americans, and not Wall Street.
What’s your take on this?
David Stockman: Yes, and if dogs could whistle, the world would be a chorus!
The truth is, in an economy encumbered with nearly $78 trillion of debt already—including $16.2 trillion on households, $16.8 trillion on business, $23 trillion on governments—the last thing we need is even lower interest rates and even bigger incentives to take on debt and leverage.
In fact, in a debt-saturated system, the Fed’s massive bond purchases never transmit anything outside the canyons of Wall Street. This money-printing madness only drives bond prices higher and cap rates lower—meaning relentless and systematic inflation of financial assets’ prices.
As a practical matter, of course, the bottom 90% don’t own enough stock or even inflated government and corporate bonds to shake a stick at. Instead, what meager savings they have accumulated languish in bank deposits, CDs or money market funds earning exactly what the Fed has decreed—nothing!
So, when Powell says he’s only trying to help the average American, you have to wonder whether he is just stupid or the greatest lying fraud yet to occupy the big chair at the Fed.
Then again, it doesn’t really matter why.
The Fed is now a completely rogue institution that is a clear and present danger to the future of prosperity and liberty in America. The tragedy is that the clueless speculators on Wall Street and politicians in Washington don’t even get the joke.
International Man: So far, the Fed has been able to successfully manipulate interest rates to historic lows.
What are some catalysts that could cause the Fed to lose control and interest rates to spike?
David Stockman: They are chasing their tail, faster and faster. The more they expand their balance sheet, thereby injecting into the bond pits a massive artificial bid for governments, corporates, munis, commercial paper and junk, the lower the yields go, and the demand for more debt becomes greater.
Needless to say, when incomes drastically shrink due to the folly of Lockdown Nation, debt should be liquidated, not massively increased. So, the Fed and its fellow-traveling global central banks are setting up our Humpty-Dumpty economy for a very great fall.
That is to say, what will cause the central banks to lose control is the greatest wave of debt defaults in recorded history. On that score, the Fed just issued its Flow of Funds data for Q1, and it leaves nothing to the imagination. Total public and private debt on the US economy now stands at $77.6 trillion, or 3.5X GDP, and we’ll be lucky to post at $21 trillion for the full year of 2020 GDP.
Recall that we supposedly got a wakeup call back in 2008, when the economy plunged into financial crisis and the worst recession since the 1930s; way too much debt was widely identified as the fall guy. But back then, total debt outstanding was just $52.6 trillion, meaning that during the last decade of purported recovery, the US economy actually took on $25 trillion of new debt—a 48% increase.
Moreover, big-spending politicians were not the only culprit. That’s because when the central banks drastically falsify interest rates to sub-economic levels, everyone is incentivized to borrow hand-over-fist. And, most often, it’s for unproductive purposes, such as more transfer payments in the government sector and more financial engineering among the C-suites.
On the eve of the Great Recession, for example, total business debt (corporate and non-corporate) stood at $10.1 trillion and has subsequently soared to $16.8 trillion. That $6.7 trillion gain represents fully 98% of the $6.85 trillion increase in nominal GDP during the same period.
This orgy of borrowing also means that business debt over the past 13 years has grown by 66.5%—far more than the 46.7% expansion of nominal GDP. Accordingly, the business debt burden on GDP has now gone off the charts, and at 78% of GDP, is more than double the pre-1970 level:
Business Debt as Percent of GDP:
1955: 31%
1970: 47%
1980: 49%
1995: 55%
2007: 69%
2020: 78%
Stated differently, chronic financial repression and clubbing of interest rates by the central bank have amounted to a slow-motion burial of the business sector in debt; debt that in recent decades has been overwhelmingly allocated to shrinking the equity base of business enterprises, thereby cycling wealth from the productive economy to the rent-capturing precincts of Wall Street.
Indeed, the Fed’s cheap credit never really leaves the canyons of Wall Street, where it fulsomely rewards carry-traders and risk asset speculators because zero cost money is always and everywhere the mother’s milk of leveraged speculation.
It also causes corporate C-suites to become maniacally obsessed with goosing their stock options via financial engineering gambits like stock buybacks, leveraged recaps and wildly over-priced M&A deals as a substitute for organic growth. Yet these maneuvers merely supplant equity and financial resilience with debt and financial fragility.
We are primarily funded by readers. Please subscribe and donate to support us!
So when business bankruptcies soar to unprecedented levels in the month ahead as the economy reels from the folly of Lockdown Nation, the financial fragility part will become crystal clear.
But it also needs to be recalled that even as the interest rate clubbers at the Fed fostered a massive explosion of business debt after the 2008 financial crisis, it did not translate into any growth in productive investment at all.
In fact, real business CapEx minus current capital consumption (depreciation and amortization charged to current period production) is today barely a tad higher than it was 20 years ago on the eve of the dotcom bust.
In short, the Fed has fostered a zombie economy, and it is the collapse of the zombies that will eventually take it down.
International Man: The Fed has printed more money in recent months than it has for its entire history. The government is spending as if trillion is the new billion.
What is going on here?
David Stockman: Here’s an eye-opener to put this madness in perspective. Annual federal outlays posted at $3.896 trillion in 2014 and were the product of 225 years of relentless expansion by the Leviathan on the Potomac.
But it now appears quite certain that the annual deficit in FY 2020 will actually be larger than the total spending level that took more than two centuries to achieve.
That’s right. Owing to the mushrooming coast-to-coast soup lines hastily erected by Washington in response to the collapse of jobs, incomes and business cash flows brought on by Lockdown Nation and the evaporation of tax revenues, Uncle Sam will borrow more this year than the total spending just six years ago.
Stated differently, back in the day, we struggled to keep total federal spending during 1981 under $700 billion. By contrast, the Donald has borrowed nearly 4X that in the last 90 days!
So, yes, perhaps Trump’s one truthful boast is that he is indeed the king of debt.
Needless to say, there is nothing remotely rational, plausible or sustainable about an FY 2020 budget that’s going to end up with revenue south of $3 trillion and spending north of $7 trillion.
That’s not even banana republic league profligacy; it’s just sheer stupidity and madness, bespeaking a bipartisan duopoly in Washington that has had its collective brains turned into sawdust by the relentless, egregious money pumping of the central banks.
For want of doubt, just consider what has happened since March 11 on the eve of the Lockdown Nation’s commencement.
The public float of federal debt has soared from $17.85 trillion to $20.24 trillion, gaining $2.39 trillion;
The Fed’s balance sheet has exploded from $4.31 trillion to $7.17 trillion, gaining $2.86 trillion.
The Fed has, therefore, effectively monetized 119% of the gain in the publicly traded Treasury debt.
Of course, you can’t blame the Donald alone for this insanity; he’s been enabled by two of the greatest crackpots to hold high economic policy positions in American history—Treasury Secretary Mnuchin and Fed Chairman Jay Powell.
As it has happened, we have closely observed every combination of Fed chairman and US treasury secretary since 1970, when we headed off for our first job in the Imperial City, eager to better the world and our own prospects, too.
So, we can say without reservation that the current duo is the worst combo of spineless, principle-free empty suits to plague the nation during the last half-century. And it’s not a close call—even against a ship of fools, which include John B. Connally, G. William Miller, Ben Bernanke, Hank Paulson Jr., Timothy Geithner and Janet Yellen, among considerable others.
After all, if the Treasury Secretary and Fed Chairman are utterly clueless about the grave dangers of the fiscal and monetary bacchanalia now rampant in the imperial city, how in the world will it stop except in some fiery collapse?
Editor’s Note: Unfortunately there’s little any individual can practically do to change the trajectory of this trend in motion. The best you can and should do is to stay informed so that you can protect yourself in the best way possible.
That’s precisely why New York Times bestselling author Doug Casey just released an urgent new report on how to survive and thrive an economic collapse. Click here download the free PDF now.


investmentwatchblog--2020-06-26--Fed test finds some banks could be stressed in pandemic…  Bleak reality gripping economy…  New taxes

Fed test finds some banks could be stressed in pandemic…  Bleak reality gripping economy…  New taxes coming

Fed test finds some banks could be stressed in pandemic… • The Federal Reserve put new restrictions on the U.S. banking industry Thursday after its annual stress test found that several banks could get uncomfortably close to minimum capital levels in scenarios tied to the coronavirus pandemic .
• The Fed said in a release that big banks will be required to suspend share buybacks and cap dividend payments at their current level for the third quarter of this year .
The regulator also said that it would only allow dividends to be paid based on a formula tied to @ @ @ @ @ @ @ • Furthermore , the industry will be subject to ongoing scrutiny : For the first time in the decade-long history of the stress test , banks will have to resubmit their payout plans again later this year .
• Under the harsher scenarios , banks could rack up as much as $ 700 billion in loan losses as unemployment hits 19.5 % , a development that would push some banks close to their regulatory minimums for capital .
WASHINGTON – For the first time since the aftermath of the global financial crisis , @ @ @ @ @ @ @ on how the country ’ s biggest banks spend capital with an eye toward protecting the financial system from risks to the economy posed by coronavirus pandemic .
The Federal Reserve ordered the country ’ s 34 biggest banks , including JPMorgan Chase , Wells Fargo and Bank of America , to suspend their stock buyback programs and to limit dividend payments to shareholders .
The banks must also submit new plans for maintaining enough of the they capital needed to survive a downturn .
Cash-starved cities and states across the country are @ @ @ @ @ @ @ on homes , cigarettes , local businesses and global tech giants , hoping to rake in new revenue that might help them close the massive budget shortfalls created by the coronavirus pandemic .
The increases that have been proposed – and in some cases adopted – reflect the growing desperation on the part of government leaders nationwide .
Many have found that recent spending cuts , furloughs and layoffs haven ’ t been enough to shore up their sagging finances , forcing them to consider more politically noxious and economically risky moves in @ @ @ @ @ @ @ “ No politician wants to lead with raising taxes , ” said Mark Mazur , the director of the Urban-Brookings Tax Policy Center .
“ When they get there , it ’ s because they ’ ve run out of other options .
”

Fed test finds some banks could be stressed in pandemic…
The Federal Reserve put new restrictions on the U.S. banking industry Thursday after its annual stress test found that several banks could get uncomfortably close to minimum capital levels in scenarios tied to the coronavirus pandemic.
The Fed said in a release that big banks will be required to suspend share buybacks and cap dividend payments at their current level for the third quarter of this year. The regulator also said that it would only allow dividends to be paid based on a formula tied to a bank’s recent earnings.
Furthermore, the industry will be subject to ongoing scrutiny: For the first time in the decade-long history of the stress test, banks will have to resubmit their payout plans again later this year.
Under the harsher scenarios, banks could rack up as much as $700 billion in loan losses as unemployment hits 19.5%, a development that would push some banks close to their regulatory minimums for capital.
Bleak reality gripping economy…
WASHINGTON – For the first time since the aftermath of the global financial crisis, the Federal Reserve is putting new restrictions on how the country’s biggest banks spend capital with an eye toward protecting the financial system from risks to the economy posed by coronavirus pandemic.
The Federal Reserve ordered the country’s 34 biggest banks, including JPMorgan Chase, Wells Fargo and Bank of America, to suspend their stock buyback programs and to limit dividend payments to shareholders. The banks must also submit new plans for maintaining enough of the they capital needed to survive a downturn.
Most banks are in good shape now, the Fed’s Vice Chair Randal Quarles said in a statement. “The banking system remains well capitalized under even the harshest of these downside scenarios-which are very harsh indeed,” Quarles said. We are primarily funded by readers. Please subscribe and donate to support us!
New taxes coming
Cash-starved cities and states across the country are starting to weigh whether to raise taxes on homes, cigarettes, local businesses and global tech giants, hoping to rake in new revenue that might help them close the massive budget shortfalls created by the coronavirus pandemic.
The increases that have been proposed – and in some cases adopted – reflect the growing desperation on the part of government leaders nationwide. Many have found that recent spending cuts, furloughs and layoffs haven’t been enough to shore up their sagging finances, forcing them to consider more politically noxious and economically risky moves in the middle of an economic crisis.
“No politician wants to lead with raising taxes,” said Mark Mazur, the director of the Urban-Brookings Tax Policy Center. “When they get there, it’s because they’ve run out of other options.”
Mortgage bailouts suddenly swell…


investmentwatchblog--2020-06-26--Extreme MSM Propaganda, BLM Threatens USA, Farm Report

The propaganda psyop has officially kicked into high gear with the latest New York Times poll saying Former Vice President @ @ @ @ @ ahead of President Trump .
This is a candidate hiding in his basement who can @ @ @ @ @ , and he ’ s beating President Trump ?
I am not falling for the @ @ @ @ @ and you shouldn ’ t either .
Do not trust anything the MSM says .

The propaganda psyop has officially kicked into high gear with the latest New York Times poll saying Former Vice President Joe Biden is 14 points ahead of President Trump. This is a candidate hiding in his basement who cannot string two sentences together, and he’s beating President Trump? I am not falling for the phony polls and propaganda, and you shouldn’t either. Do not trust anything the MSM says.
We are primarily funded by readers. Please subscribe and donate to support us!
usawatchdog.com/extreme-msm-propaganda-blm-threatens-usa-farm-report/


investmentwatchblog--2020-06-26--The ECB is creating Euros even faster than Wirecard can lose them

The focus shifts today to the Euro area as there has been action on a number of fronts .
Firstly the world ’ s second most notable orange person has been speaking at the online Northern Lights Summit .
The Orangina Christine Lagarde seems to have upset the folk at ForexLive already .
Actually before the pandemic Germany was running surpluses but the majority were not .
We also got some classic Christine Lagarde as she waffled .
FRANKFURT ( Reuters ) – The euro zone is “ probably past ” the worst of the economic crisis caused by the @ @ @ @ @ @ @ Christine Lagarde said on Friday , while urging authorities to prepare for a possible second wave .
“ We probably are past the lowest point and I say that with some trepidation because of course there could be a severe second wave , ” Lagarde told an online event .
At least she is not declaring success as Greeks and Argentinians have learnt to be terrified of what happens next after painful experience .
Also there has been this .
This is a classic strategy where a policymaker suggests things may be reduced @ @ @ @ @ @ @ the good cop part of this simple Good Cop , Bad Cop pantomime .
Back on the 29th of May I pointed out that the blue touch paper had been lit on the money supply boom of 2020 .
Well the rocket is lifting off .
That compares with the recent nadir of an annual rate of 6.2 % in January of 2019 .
Another comparison is that the rate of annual growth was around 8 % before the latest phase of monetary action such as the extra Quantitative Easing of the PEPP @ @ @ @ @ @ @ match a month but we saw an extra 116 billion Euros in May from it .
You will not be surprised to learn that the surge above pushed broad money growth higher as well .
Indeed it is mostly a narrow money thing .
The pattern here is not quite the same as whilst the January 2019 reading at 3.8 % was low the nadir is 3.5 % in August of 2018 .
That provides some food for thought because if you apply the expected response to this the Euro area economy should @ @ @ @ @ @ @ Of course the pandemic has created such a fog we can not see one way or another about whether that held true .
There is another way of analysing this and here is a balance sheet style view .
I counsel caution about reading too much into this as back in the day such analysis when spectacularly wrong in the UK .
Accounting identities are all very well but they miss the human component as well as some of the actual numbers .
But we see growth from the government sector and the @ @ @ @ @ @ @ has faded a bit in relative terms which provides a counterpoint to another piece of news .
From yesterday when all our troubles apparently not so far away .
These things are invariably badged as temporary but last time I checked the “ temporary ” income tax in the UK to pay for the Napoleonic War is still here .
But as to what good it might do in a world where nobody seems to actually want Euros in this manner I am not sure .
Perhaps it is a protection against another @ @ @ @ @ @ @ as this bit hints .
Although there is no real link at all to this .
Let me help out bu suggesting replacing “ all euro area citizens ” with “ The Precious !
The Precious !
” .
Here is what is presumably the official view from former ECB Vice-President Vitor Constancio .
You may recall that Vitor ’ s job was to respond with technical questions at the ECB presser with a long involved answer that would send everyone to sleep .
But at least he had a role unlike his @ @ @ @ @ @ @ over US $ 400 billion at the peak whereas I suspect the Euro interest may be more like 0 .
Maybe someone will request a million or two as a test ?
The relevance of the money supply changes is as follows .
Narrow money supply impacts in the next 6 months and broad money in around two years .
So assuming there is no Covid-19 second wave the push will impact as economies are picking up anyway .
That is awkward as there is a clear inflation danger from this .
There @ @ @ @ @ @ @ see the oil price pick up which even the neutered official inflation numbers will record .
They of course miss the bit described by Abba .
Although we do see evidence of a type of money destruction .
The regulators are now on the case but .

by Shaun Richards
The focus shifts today to the Euro area as there has been action on a number of fronts. Firstly the world’s second most notable orange person has been speaking at the online Northern Lights Summit. The Orangina Christine Lagarde seems to have upset the folk at ForexLive already.
Lagarde reaffirms that government debt will eventually have to be repaid No. Just no. Governments will never run surpluses just with a snap of a finger and what is happening to the world and their debt levels now is basically what we have seen with Japan over the past two decades.
Actually before the pandemic Germany was running surpluses but the majority were not. We also got some classic Christine Lagarde as she waffled.
FRANKFURT (Reuters) – The euro zone is “probably past” the worst of the economic crisis caused by the coronavirus pandemic, European Central Bank President Christine Lagarde said on Friday, while urging authorities to prepare for a possible second wave. “We probably are past the lowest point and I say that with some trepidation because of course there could be a severe second wave,” Lagarde told an online event.
At least she is not declaring success as Greeks and Argentinians have learnt to be terrified of what happens next after painful experience.
Also there has been this.
FRANKFURT (Reuters) – It is better for the European Central Bank to be safe than sorry when it decides whether to withdraw aggressive stimulus measures deployed to combat the fallout from the coronavirus pandemic, ECB policymaker Olli Rehn said on Friday. “It’s better to be safe than sorry,” Rehn said. “Recall the premature rate hikes of 2011 during the euro crisis.”
This is a classic strategy where a policymaker suggests things may be reduced (yesterday) and today we have the good cop part of this simple Good Cop,Bad Cop pantomime.
Money Supply
Back on the 29th of May I pointed out that the blue touch paper had been lit on the money supply boom of 2020. Well the rocket is lifting off.
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, increased to 12.5% in May from 11.9% in April.
That compares with the recent nadir of an annual rate of 6.2% in January of 2019. Another comparison is that the rate of annual growth was around 8% before the latest phase of monetary action such as the extra Quantitative Easing of the PEPP. The weekly reporting does not exactly match a month but we saw an extra 116 billion Euros in May from it.
You will not be surprised to learn that the surge above pushed broad money growth higher as well.
Annual growth rate of broad monetary aggregate M3, increased to 8.9% in May 2020 from 8.2% in April (revised from 8.3%).
Indeed it is mostly a narrow money thing.
Looking at the components’ contributions to the annual growth rate of M3, the narrower aggregate M1 contributed 8.4 percentage points (up from 8.0 percentage points in April), short-term deposits other than overnight deposits (M2-M1) contributed 0.2 percentage point (up from -0.1 percentage point) and marketable instruments (M3-M2) contributed 0.3 percentage point (as in the previous month).
The pattern here is not quite the same as whilst the January 2019 reading at 3.8% was low the nadir is 3.5% in August of 2018. That provides some food for thought because if you apply the expected response to this the Euro area economy should have been slowing further about now. Of course the pandemic has created such a fog we cannot see one way or another about whether that held true.
There is another way of analysing this and here is a balance sheet style view.
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credit to the private sector contributed 5.3 percentage points (up from 4.8 percentage points in April), credit to general government contributed 3.6 percentage points (up from 2.3 percentage points), net external assets contributed 1.0 percentage point (down from 1.4 percentage points), longer-term financial liabilities contributed 0.0 percentage point (as in the previous month), and the remaining counterparts of M3 contributed -0.9 percentage point (down from -0.3 percentage point).
I counsel caution about reading too much into this as back in the day such analysis when spectacularly wrong in the UK. Accounting identities are all very well but they miss the human component as well as some of the actual numbers. But we see growth from the government sector and the private-sector here. Also the external component has faded a bit in relative terms which provides a counterpoint to another piece of news.
Grandstanding?
From yesterday when all our troubles apparently not so far away.
Eurosystem repo facility for central banks (EUREP) introduced as precautionary backstop to address pandemic-related euro liquidity needs outside euro area….EUREP to allow broad set of central banks to borrow euro against euro-denominated debt issued by euro area central governments and supranational institutions….New facility to be available until June 2021.
These things are invariably badged as temporary but last time I checked the “temporary” income tax in the UK to pay for the Napoleonic War is still here. But as to what good it might do in a world where nobody seems to actually want Euros in this manner I am not sure. Perhaps it is a protection against another outbreak of the “Carry Trade” as this bit hints.
The provision of euro liquidity to non-euro area central banks aims at alleviating euro liquidity needs in the respective countries in a stressed market environment. The
potential beneficiaries are banks that need euro funding and are not able to obtain such funding in the market or get it only at prohibitive prices.
Although there is no real link at all to this.
Overall, these arrangements aim to facilitate a smooth transmission of monetary policy in the euro
area to the benefit of all euro area citizens
Let me help out bu suggesting replacing “all euro area citizens” with “The Precious! The Precious!”.
Here is what is presumably the official view from former ECB Vice-President Vitor Constancio. You may recall that Vitor’s job was to respond with technical questions at the ECB presser with a long involved answer that would send everyone to sleep. But at least he had a role unlike his replacement.
The ECB, reflecting awareness about the international role of the euro, just announced a new repo facility for other central banks to get euros against collateral.The FED dit it recently ..In general, the EU is finally aware of its geo-political interests.
The Fed saw demand of over US $400 billion at the peak whereas I suspect the Euro interest may be more like 0. Maybe someone will request a million or two as a test?
Comment
The relevance of the money supply changes is as follows. Narrow money supply impacts in the next 6 months and broad money in around two years. So assuming there is no Covid-19 second wave the push will impact as economies are picking up anyway. That is awkward as there is a clear inflation danger from this. There are signs of it already as we see the oil price pick up which even the neutered official inflation numbers will record. They of course miss the bit described by Abba.
Money, money, money
Must be funny
In the rich man’s world
Money, money, money
Always sunny
In the rich man’s world
Although we do see evidence of a type of money destruction.
Germany’s Wirecard collapsed on Thursday owing creditors almost $4 billion. ( Reuters )
The regulators are now on the case but.
All the money’s gone, nowhere to go ( The Beatles )


investmentwatchblog--2020-06-26--Houston facing ‘apocalyptic’ July 4… Newsom warns of Re-Lock…LA mayor urges residents to stay home…M

Houston facing ‘apocalyptic’ July 4… Newsom warns of Re-Lock…LA mayor urges residents to stay home…MODEL: Phoenix could see 28,000 new infections a DAY!

( Bloomberg ) — Houston ’ s Covid-19 outbreak is accelerating at an exponential pace that will swamp the fourth-largest U.S. city ’ s medical infrastructure by the Independence Day holiday , less than two weeks away , a leading disease specialist warned .
Even as Houston-area intensive-care wards approach full capacity , the worst is yet to come because of “ the huge amount of transmission going on in our community , ” Peter Hotez , dean of the National School of Tropical Medicine at Baylor College of Medicine , said in an interview Thursday .
How Arizona lost @ @ @ @ @ @ @ drive-up testing site equipped for several hundred people in West Phoenix was swarmed on Saturday by about 1,000 people , leaving some baking in their cars for hours .
A nearby testing station has already reached capacity for this weekend , appointments vanishing within minutes .
Hospitals are filling up .
Restaurants are again shutting down , more than a month after Arizona reopened its economy under the mantra “ Return Stronger.
” Arizona has emerged as an epicenter of the early summer ’ s coronavirus crisis as the outbreak has metastasized , @ @ @ @ @ @ @ and , notably , infecting more young people .
MODEL : Phoenix could see 28,000 new infections a DAY !
• Data map , compiled by spatial analytics company Esri , shows 23 % of US counties are seeing an uncontrollable growth in new COVID-19 infections • Of the 3,141 counties across the country , 745 are currently experiencing an epidemic outbreak and 1,232 are seeing spreading trends , according to the data map • Infections across the US have been surging for more than a week after trending down for over six @ @ @ @ @ @ @ have been spiking to record levels in states like Arizona , Texas , California and Florida • As cases continue to rise , forecast models from the PolicyLab at Children ’ s Hospital of Philadelphia predict infections in Phoenix will rise to a staggering 28,000 new cases a day by July 18 • Trump has repeatedly said the number of cases is going up due to what he describes as ‘ great testing ’ • Public health officials , however , say it only accounts for some of the increases as people continue @ @ @ @ @ @ @ slowly reopen • Data from the White House ’ s taskforce team shows cases are surging in states like Arizona and Texas • In California , cases have surged nearly 70 percent in just two days .
The state reported over 7,100 new cases on Wednesday , up from 4,230 on Sunday • Los Angeles County now has the most cases of all US counties with more than 85,000 confirmed infections • Florida ’ s single-day count surged to 5,500 on Wednesday – a 25 % jump from the record of 4,049 on @ @ @ @ @ @ @ have doubled and new cases have tripled in two weeks TORRANCE ( CBSLA ) — Just as businesses across the state are beginning to reopen , Gov .
Gavin Newsom is warning of another shutdown if current coronavirus numbers don ’ t improve .
“ We have the capacity and ability to toggle back in terms of the stay-at-home order , ” he said during a press conference on Thursday .
California ’ s hospitalization rates for COVID-19 have been steadily increasing .
Currently , 4,240 people with coronavirus occupy hospital beds , @ @ @ @ @ @ @ two weeks ago .
Intensive care units are seeing 1,306 people with the virus , up 19 percent over the last two weeks .
LOS ANGELES — Amid record-setting spikes in newly confirmed coronavirus infections , Los Angeles Mayor Eric Garcetti urged Angelenos to continue staying home as much as possible — even as the region ’ s economy gradually emerges from its pandemic-induced coma .
During a briefing Wednesday , Garcetti shared four major takeaways : “ One , COVID-19 is still here .
Two , COVID-19 is still dangerous .
Three @ @ @ @ @ @ @ to make sure that we can find COVID-19 where it lives .
And , four , we must continue to take precautions to keep our city and our people safe .
“ That ’ s why wearing a face covering , that ’ s why practicing physical distancing , washing our hands and , yes , still , as painful as it might feel , staying at home whenever we can is our best defense , ” he said .
‘ Don ’ t be a sheep ’ : Sheriffs rebel against masks… @ @ @ @ @ @ @ close ’ to doing enough…

MAG: World putting America in quarantine…
Houston facing ‘apocalyptic’ July 4…
(Bloomberg) — Houston’s Covid-19 outbreak is accelerating at an exponential pace that will swamp the fourth-largest U.S. city’s medical infrastructure by the Independence Day holiday, less than two weeks away, a leading disease specialist warned.
Even as Houston-area intensive-care wards approach full capacity, the worst is yet to come because of “the huge amount of transmission going on in our community,” Peter Hotez, dean of the National School of Tropical Medicine at Baylor College of Medicine, said in an interview Thursday.
How Arizona lost control of the epidemic…
PHOENIX – A drive-up testing site equipped for several hundred people in West Phoenix was swarmed on Saturday by about 1,000 people, leaving some baking in their cars for hours.
A nearby testing station has already reached capacity for this weekend, appointments vanishing within minutes. Hospitals are filling up. Restaurants are again shutting down, more than a month after Arizona reopened its economy under the mantra “Return Stronger.”
Arizona has emerged as an epicenter of the early summer’s coronavirus crisis as the outbreak has metastasized, flaring across new parts of the country and, notably, infecting more young people.
MODEL: Phoenix could see 28,000 new infections a DAY!
Data map, compiled by spatial analytics company Esri, shows 23% of US counties are seeing an uncontrollable growth in new COVID-19 infections
Of the 3,141 counties across the country, 745 are currently experiencing an epidemic outbreak and 1,232 are seeing spreading trends, according to the data map
Infections across the US have been surging for more than a week after trending down for over six weeks
New coronavirus infections and hospitalizations have been spiking to record levels in states like Arizona, Texas, California and Florida
As cases continue to rise, forecast models from the PolicyLab at Children’s Hospital of Philadelphia predict infections in Phoenix will rise to a staggering 28,000 new cases a day by July 18
Trump has repeatedly said the number of cases is going up due to what he describes as ‘great testing’
Public health officials, however, say it only accounts for some of the increases as people continue to relax social distancing measures and states slowly reopen
Data from the White House’s taskforce team shows cases are surging in states like Arizona and Texas
In California, cases have surged nearly 70 percent in just two days. The state reported over 7,100 new cases on Wednesday, up from 4,230 on Sunday
Los Angeles County now has the most cases of all US counties with more than 85,000 confirmed infections
Florida’s single-day count surged to 5,500 on Wednesday – a 25% jump from the record of 4,049 on June 20
In Texas, hospitalizations have doubled and new cases have tripled in two weeks
Alabama ICU beds 82% full…
Task force tracking big spikes…
Newsom Warns of Re-Lock…
We are primarily funded by readers. Please subscribe and donate to support us!
TORRANCE (CBSLA) — Just as businesses across the state are beginning to reopen, Gov. Gavin Newsom is warning of another shutdown if current coronavirus numbers don’t improve.
“We have the capacity and ability to toggle back in terms of the stay-at-home order,” he said during a press conference on Thursday.
California’s hospitalization rates for COVID-19 have been steadily increasing. Currently, 4,240 people with coronavirus occupy hospital beds, which is a 32 percent increase from two weeks ago. Intensive care units are seeing 1,306 people with the virus, up 19 percent over the last two weeks.
LA mayor urges residents to stay home…
LOS ANGELES — Amid record-setting spikes in newly confirmed coronavirus infections, Los Angeles Mayor Eric Garcetti urged Angelenos to continue staying home as much as possible — even as the region’s economy gradually emerges from its pandemic-induced coma.
During a briefing Wednesday, Garcetti shared four major takeaways: “One, COVID-19 is still here. Two, COVID-19 is still dangerous. Three, we’re adding more testing to make sure that we can find COVID-19 where it lives. And, four, we must continue to take precautions to keep our city and our people safe.
“That’s why wearing a face covering, that’s why practicing physical distancing, washing our hands and, yes, still, as painful as it might feel, staying at home whenever we can is our best defense,” he said.
‘Don’t be a sheep’: Sheriffs rebel against masks…
BILL GATES: USA ‘not even close’ to doing enough…