investmentwatchblog--2020-06-19--Tucker Carlson Reveals the REAL Motive Behind BLM

David Krayden from The Daily Caller reports , Fox News host Tucker Carlson said Monday that Black Lives Matter ( @ @ @ @ @ new style of politics that is based not on votes nor legality — but on @ @

David Krayden from The Daily Caller reports, Fox News host Tucker Carlson said Monday that Black Lives Matter (BLM) has established a new style of politics that is based not on votes nor legality — but on force.
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Read More/Source/Credit/FairUse:
dailycaller.com/2020/06/15/tu…


investmentwatchblog--2020-06-19--Leo Terrell Reveals WHY He Stopped Drinking the Democrat Kool-Aid

David Krayden From The Daily Caller reports , Civil rights attorney Leo Terrell said Friday he was fed up with @ @ @ @ @ “ hypocrisy ” and that ’ s why he ’ s stopped drinking their “ @ @ @

dailycaller.com/2020/06/13/le…
David Krayden From The Daily Caller reports, Civil rights attorney Leo Terrell said Friday he was fed up with the Democratic Party’s “hypocrisy”and that’s why he’s stopped drinking their “Kool-Aid.”
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Read More/Source/Credit/FairUse:
dailycaller.com/2020/06/13/le…


investmentwatchblog--2020-06-19--This is not Good, Zogby Poll 55% Believe Biden Early Dementia

Fifty-five percent of likely voters believe presumptive Democratic presidential nominee Joe Biden is in the early stages of dementia , @ @ @ @ @ released Wednesday .
President Donald Trump has consistently ridiculed Biden over his verbal gaffes and @ @ @ @ @ as an old man who would be committed to a retirement home if he were @ @ @ @ @ They are going to put him in a home and other people are going to @ @ @ @ @ ” Trump said in early March during a rally in Charlotte .
“ Sleepy Joe @ @ @ @ @ “ he doesn ’ t even know where he is or what he ’ s @ @ @ @ @ ’ s running for .
Honestly , I don ’ t think he knows what @ @ @ @ @ for.
” Biden ’ s age , 77 , has been a consistent source of @ @ @ @ @ .

Fifty-five percent of likely voters believe presumptive Democratic presidential nominee Joe Biden is in the early stages of dementia, according to a Zogby poll released Wednesday.
President Donald Trump has consistently ridiculed Biden over his verbal gaffes and memory lapses and portrayed him as an old man who would be committed to a retirement home if he were to be elected.
“They are going to put him in a home and other people are going to be running the country,” Trump said in early March during a rally in Charlotte.
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“Sleepy Joe,” Trump added, “he doesn’t even know where he is or what he’s doing or what office he’s running for. Honestly, I don’t think he knows what office he’s running for.”
Biden’s age, 77, has been a consistent source of discussion during the 2020 campaign.
www.newsmax.com/politics/democra…id/972762/


investmentwatchblog--2020-06-19--Options gamblers still out in force. Half of robinhood’s new customers this year have said they are

Options gamblers still out in force. Half of robinhood’s new customers this year have said they are first-time investors

Half of Robinhood ’ s new customers this year have said they are first-time investors More than 2 million new @ @ @ @ @ quarter , exceeding new users at Charles Schwab Corp. , TD Ameritrade and E*Trade Financial @ @

Half of Robinhood’s new customers this year have said they are first-time investors More than 2 million new accounts opened in the first quarter, exceeding new users at Charles Schwab Corp., TD Ameritrade and E*Trade Financial Corp. combined
t.co/RzLW4B9Zu0
— Win Smart, CFA (@WinfieldSmart) June 19, 2020


investmentwatchblog--2020-06-19--This is a KILLER chart, showing how technology companies are churning out money at a pace that every

This is a KILLER chart , showing how technology companies are churning out money at a pace that every other @ @ @ @ @ .
pic.twitter.com/9CWjYLwfwJ

This is a KILLER chart, showing how technology companies are churning out money at a pace that every other industry combined cannot match. pic.twitter.com/9CWjYLwfwJ
— Robin Wigglesworth (@RobinWigg) June 19, 2020


investmentwatchblog--2020-06-19--Too much focus on the tolerance levels of policymakers as infections spike in some hot spots… Compan

Too much focus on the tolerance levels of policymakers as infections spike in some hot spots… Companies acting first. t.co/k09vKSIvEc — Jonathan Ferro (@FerroTV) June 19, 2020
States spike! Confirmed #Coronavirus cases hit new highs in 10 states as the country reopens. @elizcohencnn says recovery comes down to individuals -"Fighting a pandemic by individual is not the right way to do it. However, that's what it's come to in the United States." pic.twitter.com/UhzcgrCyQu — Julia Chatterley (@jchatterleyCNN) June 19, 2020
You want to reduce #COVID19 cases by 230,000-450,000?
Wear a mask.😷t.co/mfDiv6fy3K @Health_Affairs @uiowa Lyu and Wehby's clever natural experiment comparing states with mandates vs those without pic.twitter.com/DuWtFT93u4 — Eric Topol (@EricTopol) June 19, 2020
FLORIDA COVID-19 CASES RISE 3.4% VS. PREVIOUS 7-DAY AVG. 3.2% — zerohedge (@zerohedge) June 19, 2020
The @Apple news — that the company intends to re-close stores in two states (Arizona and Florida — see my early morning tweet on the #COVID health news out of there ) — has pulled the rug for now from what was a tentative up session for US #stocks.#markets #investing #economy pic.twitter.com/ACAqIKjkly — Mohamed A. El-Erian (@elerianm) June 19, 2020


investmentwatchblog--2020-06-19--Federal Reserve’s policies are deeply divisive, elitist and (yes) profoundly racist.

@ federalreserve 's policies are deeply divisive , elitist and ( yes ) profoundly racist .
In my latest video @ @ @ @ @ start at the 5:48 ' mark for the context , or the 18:24 mark to @ @ @ @ @ angle ) .t.co/jwLfTXrUm1

@federalreserve's policies are deeply divisive, elitist and (yes) profoundly racist.
In my latest video I explain how. (start at the 5:48' mark for the context, or the 18:24 mark to jump right into the racist angle).t.co/jwLfTXrUm1
— PeakProsperity.com – Fed goes Brrrrrrr (@chrismartenson) June 19, 2020


investmentwatchblog--2020-06-19--A picture says more than a thousand words…

The First Crack Appears in Bulls ’ Thesis That the Stock Market Will Rise No Matter What Money printing by @ @ @ @ @ stocks for more than a decade .
But that effect may soon wear off .

A picture says more than a thousand words…
ht @hedgeye pic.twitter.com/k4dYEGr1Qn — Ronnie Stoeferle (@RonStoeferle) June 19, 2020
“We were just getting the cold shoulder.” Many small-businesses owners stood last in line for a $650 billion loan program to keep them afloat in the pandemic. t.co/MbHSQlLiyf — Capital Journal (@WSJPolitics) June 19, 2020
Money printing by the Federal Reserve has propelled stocks for more than a decade. But that effect may soon wear off.
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"The government literally wrote checks to The People, telling them it will all be ok, on the “other side” of a bridge, that includes its re-election. All while they had a lawyer from Private Equity, running the printing press…" via @KeithMcCullough t.co/UDKZia2jkr — Hedgeye (@Hedgeye) June 19, 2020


investmentwatchblog--2020-06-19--The signs of recovery in the US are there, but it is still very early to be even remotely bullish.

The signs of recovery in the US are there, but it is still very early to be even remotely bullish. pic.twitter.com/44ei5puweP — Daniel Lacalle (@dlacalle_IA) June 19, 2020
The manufacturing sector remains in recession. • The Philly Fed's factory activity indicator registered a sharp rebound in June.@SoberLook
h/t @ennovance pic.twitter.com/PbHcYxZ2ul — Mo Hossain (@MoHossain) June 19, 2020
S&P and Macro Fundamentals pic.twitter.com/0LVRBNu0hQ — Win Smart, CFA (@WinfieldSmart) June 19, 2020
Add Marks to the list of prominent investors (Druckenmiller, Dalio, Tepper, etc.) who are confounded by the market moves as of late t.co/ywWL8bu927 — Leslie Picker (@LesliePicker) June 19, 2020
*AMERICAN AIRLINES SAID IN TALKS FOR $2 BILLION JUNK-BOND SALE Some day there will be business school case studies on the hubris displayed by greedy corporate execs who, after gutting their balance sheets, were thrown a free lifeline… Cont'd… — Mike Coolbaugh (@elementmacro) June 19, 2020
HIGHER EARNERS ARE MORE OPTIMISTIC pic.twitter.com/r086hCwZ1x — Win Smart, CFA (@WinfieldSmart) June 19, 2020
CORPORATE DEBT SITUATION pic.twitter.com/v7cHseDVv9 — Win Smart, CFA (@WinfieldSmart) June 9, 2020


investmentwatchblog--2020-06-19--The Democrat states and cities are falling apart.

I live in a Republican run state ( New Hampshire ) and things are great here .
This is what @ @ @ @ @ city ( Mayor Durkan ) in a Democrat run state ( Governor Inslee ) : @ @ @ @ @ support our POTUS are some of the best places to live – President Trump ’ @ @ @ @ @ , June 5th :

I live in a Republican run state (New Hampshire) and things are great here.
This is what happens to a Democrat run city (Mayor Durkan) in a Democrat run state (Governor Inslee):
Democrat run NYC (De Blasio) and Democrat run state (Cuomo):
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Another Democrat run city (Mayor Breed, Nancy Pelosi’s district) in a Democrat run state (Gov Newsom):
Towns that love America and support our POTUS are some of the best places to live – President Trump’s arrival in Guilford Maine, June 5th:
h/t ElleMira


investmentwatchblog--2020-06-19--Trump Tweets Satire Video of ‘Racist Baby’ – Slamming Fake News

Leftists apparently do not understand the definition of ‘ Satire ’ : the use of humor , irony , exaggeration @ @ @ @ @ and criticize people ’ s stupidity or vices , particularly in the context of contemporary @ @ @ @ @ .
The President tweeted out a hilarious video mocking fake news CNN and Twitter jumped @ @ @ @ @ manipulated media.
” The ‘ doctored ’ video was a spoof on a previous report @ @ @ @ @ and white toddler hugging .
“ Terrified toddler runs from racist baby.
” CNN ’ @ @ @ @ @ parody video… It took investigative journalists to conclude the video was a joke .
Welcome @ @ @ @ @ Twitter puts ‘ manipulated media ’ warning on Trump tweet of fake CNN footage that @ @ @ @ @ toddler running from ‘ racist baby ’ who is ‘ probably a Trump voter ’ @

Twitter Censors President Trump, Labels His Parody Video Tweet Mocking CNN as “Manipulated Media”
Leftists apparently do not understand the definition of ‘Satire’: the use of humor, irony, exaggeration, or ridicule to expose and criticize people’s stupidity or vices, particularly in the context of contemporary politics and other topical issues.
The President tweeted out a hilarious video mocking fake news CNN and Twitter jumped in and labeled it “manipulated media.”
The ‘doctored’ video was a spoof on a previous report by CNN of a black and white toddler hugging.
“Terrified toddler runs from racist baby.” CNN’s chyron said in the parody video…
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It took investigative journalists to conclude the video was a joke. Welcome to 2020.
www.thegatewaypundit.com/2020/06/twitter-censors-president-trump-labels-video-tweet-mocking-cnn-manipulated-media/
DailyMail:
Twitter puts ‘manipulated media’ warning on Trump tweet of fake CNN footage that shows ‘terrified’ black toddler running from ‘racist baby’ who is ‘probably a Trump voter’
www.dailymail.co.uk/news/article-8438515/Twitter-marks-Trump-tweet-manipulated-media-warning-shared-video-mocking-CNN.html
h/t ElleMira


investmentwatchblog--2020-06-19--Martin Armstrong: This is going to lead to a revolution

There is clearly a deliberate move to keep the world shut down and to force everyone to be tracked and vaccinated .
Someone really needs to expose Anthony Fauci for there is a ton of circumstantial evidence that besides being beholding to Bill Gates , he funded the very research to create this type of virus and when scientists complained , he sent it off to Whuan and funded China to do the work he was not allowed to do in the USA .
Then we have China and the USA blaming each other with nobody investigating the Billionaires and @ @ @ @ @ @ @ pushing a 400 % increase in taxes and to lock down everyone .
Fauci has the audacity to come out and say that for a football season to be possible , they need to create a “ bubble ” format that would isolate the players from the public and force them to be tested each day .
He then elaborated : “ Unless players are essentially in a bubble – insulated from the community and they are tested nearly every day – it would be very hard to see how football is able @ @ @ @ @ @ @ then added : “ If there is a second wave , which is certainly a possibility and which would be complicated by the predictable flu season , football may not happen this year.
” Fauci is part of these elitists who think they can just decree and the people must obey .
Some cities are imposing the mandatory face masks and the second time you do not have one on you go to prison .
This is going to lead to a revoluti0n and these elitists will come to finally realize there are @ @ @ @ @ @ @ way they are treating this virus with a kill ration of 0.0003 % of the population like it is the Black Plague .
It is by no means that serious and many people assume they just have a cold .

by Martin Armstrong
There is clearly a deliberate move to keep the world shut down and to force everyone to be tracked and vaccinated. Someone really needs to expose Anthony Fauci for there is a ton of circumstantial evidence that besides being beholding to Bill Gates, he funded the very research to create this type of virus and when scientists complained, he sent it off to Whuan and funded China to do the work he was not allowed to do in the USA. Then we have China and the USA blaming each other with nobody investigating the Billionaires and the World Economic Forum for they are pushing a 400% increase in taxes and to lock down everyone.
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Fauci has the audacity to come out and say that for a football season to be possible, they need to create a “bubble” format that would isolate the players from the public and force them to be tested each day. He then elaborated: “Unless players are essentially in a bubble – insulated from the community and they are tested nearly every day – it would be very hard to see how football is able to be played this fall.” Fauci then added: “If there is a second wave, which is certainly a possibility and which would be complicated by the predictable flu season, football may not happen this year.”
Fauci is part of these elitists who think they can just decree and the people must obey. Some cities are imposing the mandatory face masks and the second time you do not have one on you go to prison. This is going to lead to a revoluti0n and these elitists will come to finally realize there are common-sense limitations to their power. The way they are treating this virus with a kill ration of 0.0003% of the population like it is the Black Plague. It is by no means that serious and many people assume they just have a cold.


investmentwatchblog--2020-06-19--Rules for thee, but not for me

Rules for thee, but not for me

Defund Main stream media .
They are more like the Ministry of Propaganda than a provider of truthful news .
@ @ @ @ @ rage and polarize the masses to keep from uniting against the ruling class .

MEDIA HYPOCRISY ALERT: The liberal media praises the thousands of protesters for gathering, but thinks it's dangerous for President @realDonaldTrump to do the same. pic.twitter.com/mx1l0MZC7p — NewsBusters (@newsbusters) June 18, 2020
Defund Main stream media. They are more like the Ministry of Propaganda than a provider of truthful news. They are here to incite rage and polarize the masses to keep from uniting against the ruling class.
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h/t lboog423


investmentwatchblog--2020-06-19--How Much of American Media is Owned by China?

Just read this article and it ’ s something that I ’ ve not heard .
“ U.S .
imposes @ @ @ @ @ media over propaganda concerns ” “ WASHINGTON – The Trump administration said on Tuesday said @ @ @ @ @ major Chinese state-run media entities with U.S. operations the same as foreign embassies , requiring @ @ @ @ @ and U.S. properties with the State Department.
” So how much of our Media is @ @ @ @ @ of Hollywood has been bought by China .
This is really unsettling .
Much of @ @ @ @ @ is directed by the Chinese Government .

Just read this article and it’s something that I’ve not heard.
“U.S. imposes new rules on state-owned Chinese media over propaganda concerns”
“WASHINGTON – The Trump administration said on Tuesday said it will begin treating five major Chinese state-run media entities with U.S. operations the same as foreign embassies, requiring them to register their employees and U.S. properties with the State Department.”
(Google Reu-ters)
So how much of our Media is owned by China.
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Much of Hollywood has been bought by China.
chinaownsus.com/
This is really unsettling.
Much of the propaganda we are seeing is directed by the Chinese Government.
h/t SouthSide


investmentwatchblog--2020-06-19--The Demand For Hate In America Far Exceeds The Supply

‘ Nooses ’ In Oakland Park Were Exercise Aids , Man Says : The Police Department provided five photographs of @ @ @ @ @ showed knotted ropes and one that appeared to have a piece of plastic pipe attached @ @ @ @ @ from tree limbs .
They have been removed by city officials .
Victor Sengbe , @ @ @ @ @ KGO-TV that the ropes were part of a rigging that he and his friends used @ @ @ @ @ swing system .
He also shared video of the swing in use .
“ Out @ @ @ @ @ and thousands of people that walked by , no one has thought that it looked @ @ @ @ @ .
Folks have used it for exercise .
It was really a fun addition to @ @ @ @ @ to create , ” Sengbe said .
“ It ’ s unfortunate that a genuine @ @ @ @ @ have a good time got misinterpreted into something so heinous , ” he told the @ @

‘Nooses’ In Oakland Park Were Exercise Aids, Man Says:
The Police Department provided five photographs of trees, some of which showed knotted ropes and one that appeared to have a piece of plastic pipe attached to a rope, hanging from tree limbs.
They have been removed by city officials.
Victor Sengbe, who is black, told KGO-TV that the ropes were part of a rigging that he and his friends used as part of a larger swing system. He also shared video of the swing in use.
“Out of the dozen and hundreds and thousands of people that walked by, no one has thought that it looked anywhere close to a noose. Folks have used it for exercise. It was really a fun addition to the park that we tried to create,” Sengbe said.
“It’s unfortunate that a genuine gesture of just wanting to have a good time got misinterpreted into something so heinous,” he told the station.


investmentwatchblog--2020-06-19--ROGER SIMON: Segregation: It’s Bad and It’s Back…. DANIEL GREENFIELD: The Jonestowning of America: W

ROGER SIMON: Segregation: It’s Bad and It’s Back…. DANIEL GREENFIELD: The Jonestowning of America: When the Democrats claim to care about black lives, they take them in horrifying numbers.

The second not-so-hidden intention in all this on the part of both parties—the black separatists and their white social justice acolytes—is , for purposes of their own power , to create racism where it doesn ’ t exist .
Trying to convince people who aren ’ t racist that they are is one of the best and most efficient ways imaginable to make them one .
Racism is being manufactured before our eyes across America , indeed across the world .
Segregation is the handmaiden of racism .
It makes it go .
Keep the races apart and keep them @ @ @ @ @ @ @ who were involved in the original civil rights movement remember “ Black and white together , we shall not be moved… ” .
That is no more .
Now it should be written “ Black power advocates and SJWs together , we shall overcome some day.
” Make that : “ We have overcome !
” George Wallace has gotten his wish .
Related : What anti-racism really means and how to talk about it .
DANIEL GREENFIELD : The Jonestowning of America : When the Democrats claim to care about black lives @ @ @ @ @ @ @ .
Dave Patrick Underwood , an African-American Federal Protective Service officer , was shot and killed at the Ronald V. Dellums Building during the radical riots in Oakland , California .
A building named after Congressman Dellums is burdened with its own weight of historical complicity in leftist atrocities .
“ Let me commend your pastor , Jim Jones , for the dedication he is showing to his community and surrounding areas , ” Congressman Dellums once wrote .
“ And also for impact he makes on members of his congregation.
” At @ @ @ @ @ @ @ distance from the riots , a plaque over a mass grave reads , “ In memory of the victims of the Jonestown tragedy ” .
The names on the plaque include that of Jim Jones .
Jones , who called cops “ pigs ” and posed with Huey Newton of the Black Panthers , told his mostly black followers to die horrifyingly of cyanide poisoning to resist the racism of the United States of America .
The white leftist who claimed to uphold the value of black lives killed hundreds of black people @ @ @ @ @ @ @ America ’ s history .
But they have not reckoned with their own history that played out much more recently than 1619 .
1970s Jonestown has become their model for America .
Jonestown is much more relevant to what is going on in America now than the current revisionist history of Jamestown embraced by the radicals .
And there is no more obvious barometer for the lost reckoning than the plaque which lists Jones as one of the victims of a tragedy , instead of a mass murderer .
Calling the socialist massacre @ @ @ @ @ @ @ the USSR , was a noble cause that failed .
Talk to lefties of a certain age about Jonestown and they ’ ll mumble about CIA mind control experiments and FBI COINTELPRO operations against activists who wanted to bring about social change .
The mass grave in Oakland , like the mass graves in Cambodia , the USSR , and Communist China , are uncomfortable realities .
And while mainstream media narratives don ’ t go that far , they erase what Jones stood for .
The mad mob scenes in Oakland and @ @ @ @ @ @ @ Democrat establishment behind them , the viral videos of white millennials kneeling and confessing their privilege , are the People ’ s Temple writ large on a nation .
Jones , the son of a Klansman , who was inspired by a Communist-allied cult to build a following as a Marxist preacher of interracial brotherhood , joining the California Democrat establishment before going down in flames , has once again become the future .

Segregation: It’s Bad and It’s Back.
The second not-so-hidden intention in all this on the part of both parties—the black separatists and their white social justice acolytes—is, for purposes of their own power, to create racism where it doesn’t exist.
Trying to convince people who aren’t racist that they are is one of the best and most efficient ways imaginable to make them one.
Racism is being manufactured before our eyes across America, indeed across the world.
Segregation is the handmaiden of racism. It makes it go. Keep the races apart and keep them hating each other.
Some of us who were involved in the original civil rights movement remember “Black and white together, we shall not be moved…”. That is no more.
Now it should be written “Black power advocates and SJWs together, we shall overcome some day.” Make that: “We have overcome!”
George Wallace has gotten his wish.


investmentwatchblog--2020-06-19--CRASHING THE ECONOMY DIDN’T WORK, WHICH IS WHY THEY’RE TRYING RIOTS:

53 % of Americans now describe their personal finances as excellent or good : Gallup poll .
Only 14 % @ @ @ @ @ poor .
Americans are more upbeat about their personal finances , says a major pollster @ @ @ @ @ 4 Gallup poll finds 53 % of U.S. adults describing their personal finances as either @ @ @ @ @ good , ’ compared with 49 % in early April , when most of the @ @ @ @ @ , and the effects of these on the economy were more uncertain , ” reported @ @ @ @ @ .
A third of the 1,034 U.S. adults said their finances were “ fair , @ @ @ @ @ they were poor .

53% of Americans now describe their personal finances as excellent or good: Gallup poll. Only 14% say there personal finances are poor.
Americans are more upbeat about their personal finances, says a major pollster.
“A May 28-June 4 Gallup poll finds 53% of U.S. adults describing their personal finances as either ‘excellent’ or ‘good,’ compared with 49% in early April, when most of the country was under stay-at-home orders, and the effects of these on the economy were more uncertain,” reported Gallup analyst Jeffrey M. Jones.
A third of the 1,034 U.S. adults said their finances were “fair,” and 14% said they were poor.


investmentwatchblog--2020-06-19--Gavin Newson purchased $2 billion in mask

Reason for mandate he want to flip these
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investmentwatchblog--2020-06-19--Not wanting to be outdone by Seattle, Minneapolis is opening its parks to transients to create city-

Not wanting to be outdone by Seattle, Minneapolis is opening its parks to transients to create city-sanctioned homeless encampents

MINNEAPOLIS ( WCCO ) — The Minneapolis Park Board has voted in favor of making all city parks places of @ @ @ @ @ .
The vote comes after weeks of upheaval for the homeless community .
A Midtown @ @ @ @ @ a sanctuary , then was cleared out last week .
Since then , hundreds have @ @ @ @ @ in south Minneapolis .
The city is known for its parks , and now they @ @ @ @ @ for many , and will legally be a place of refuge for others .
Vaughn @ @ @ @ @ Park ’ s growing encampment , which is staffed by volunteers .

MINNEAPOLIS (WCCO) — The Minneapolis Park Board has voted in favor of making all city parks places of refuge for people experiencing homelessness.
The vote comes after weeks of upheaval for the homeless community. A Midtown hotel was being used as a sanctuary, then was cleared out last week. Since then, hundreds have been living in Powderhorn Park in south Minneapolis.
The city is known for its parks, and now they will serve as an escape for many, and will legally be a place of refuge for others.
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Vaughn Yaints is living in Powderhorn Park’s growing encampment, which is staffed by volunteers.
minnesota.cbslocal.com/2020/06/18/minneapolis-park-board-opens-parks-as-refuge-for-people-experiencing-homelessness/


investmentwatchblog--2020-06-19--COLLUSION: Congress Targets Social Media Companies for Circulating Chinese Propaganda.

The country ’ s largest social media companies are allowing the Chinese Communist Party to disseminate propaganda to American audiences with little oversight or warning , according to an ongoing congressional investigation into these companies ’ failure to police suspect content .
Investigators with the House Foreign Affairs Committee have been pressing Twitter , Facebook , and YouTube to deplatform Chinese Communist Party officials and news outlets for disseminating propaganda , particularly related to the coronavirus , but each of the sites has failed to take adequate action .
In most cases , Communist Party propaganda freely circulates on these @ @ @ @ @ @ @ questionable .
While each of these sites has begun aggressively policing conservative provocateurs and even President Donald Trump , they have been lax about applying the same standards to Chinese officials and state-controlled news outlets that regularly traffic in unfounded conspiracy theories , congressional officials with knowledge of the investigation told the Washington Free Beacon .
In many cases , these websites allowed communist leaders and outlets to post outright lies about the coronavirus pandemic , including the claim that American military leaders created the coronavirus and planted it in China .
The @ @ @ @ @ @ @ Committee leader Rep. Michael McCaul ( R. , Texas ) , is part of a broader effort by congressional leaders to crack down on China ’ s influence operations in the United States .
The findings of the investigation were presented in the form of report cards grading each company on whether it has banned communist officials and news outlets , applied warning labels to their content , and fact-checked their claims for accuracy .
All of the websites failed these tests : Twitter received a D- , Facebook a C+ , and @ @ @ @ @ @ @ each still permits the dissemination of anti-U.S. communist propaganda , often without warning labels for readers .

The country’s largest social media companies are allowing the Chinese Communist Party to disseminate propaganda to American audiences with little oversight or warning, according to an ongoing congressional investigation into these companies’ failure to police suspect content.
Investigators with the House Foreign Affairs Committee have been pressing Twitter, Facebook, and YouTube to deplatform Chinese Communist Party officials and news outlets for disseminating propaganda, particularly related to the coronavirus, but each of the sites has failed to take adequate action. In most cases, Communist Party propaganda freely circulates on these sites without labels identifying the information as questionable.
While each of these sites has begun aggressively policing conservative provocateurs and even President Donald Trump, they have been lax about applying the same standards to Chinese officials and state-controlled news outlets that regularly traffic in unfounded conspiracy theories, congressional officials with knowledge of the investigation told the Washington Free Beacon. In many cases, these websites allowed communist leaders and outlets to post outright lies about the coronavirus pandemic, including the claim that American military leaders created the coronavirus and planted it in China.
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The investigation, run by House Foreign Affairs Committee leader Rep. Michael McCaul (R., Texas), is part of a broader effort by congressional leaders to crack down on China’s influence operations in the United States.
The findings of the investigation were presented in the form of report cards grading each company on whether it has banned communist officials and news outlets, applied warning labels to their content, and fact-checked their claims for accuracy. All of the websites failed these tests: Twitter received a D-, Facebook a C+, and YouTube a C-, grades that imply each still permits the dissemination of anti-U.S. communist propaganda, often without warning labels for readers.
freebeacon.com/national-security/congress-targets-social-media-companies-for-circulating-chinese-propaganda/


investmentwatchblog--2020-06-19--If the goal is to increase lawlessness until people willingly give up their liberties in exchange fo

If the goal is to increase lawlessness until people willingly give up their liberties in exchange for (illusory) safety, then it all makes sense.

They matter because when a dangerous lie criminalizing all police and victimizing every black criminal is allowed to metastasize , @ @ @ @ @ violent , lawless nation , harming the very people that movement purports to champion .
@ @ @ @ @ appears to be an act of self-defense on the part of an Atlanta cop demonstrates @ @ @ @ @ about justice for George Floyd .
The reason why the video showing the killing of @ @ @ @ @ outrage is precisely because it was so anomalous in police encounters .
The video appears @ @ @ @ @ Chauvin kneeling , presumably with a lot of pressure , on Floyd ’ s neck @ @ @ @ @ a contained situation long after Floyd had been subdued .
Well , now we know @ @ @ @ @ over that anomalous act .
What the latest blood libel in Atlanta demonstrates is that @ @ @ @ @ to criminalize basic police work and lionize career criminals who needlessly escalate arrests into violent @ @ @ @ @ .

DANIEL HOROWITZ: Atlanta shooting exposes the lie of BLM.
BLM: Blood libels matter.
They matter because when a dangerous lie criminalizing all police and victimizing every black criminal is allowed to metastasize, it turns America into a violent, lawless nation, harming the very people that movement purports to champion. The new rioting over what appears to be an act of self-defense on the part of an Atlanta cop demonstrates that this movement was never about justice for George Floyd.
The reason why the video showing the killing of George Floyd sparked so much outrage is precisely because it was so anomalous in police encounters. The video appears to show Minneapolis cop Derek Chauvin kneeling, presumably with a lot of pressure, on Floyd’s neck for nine minutes, in a contained situation long after Floyd had been subdued.
Well, now we know that the outrage was not over that anomalous act. What the latest blood libel in Atlanta demonstrates is that those pushing the lie seek to criminalize basic police work and lionize career criminals who needlessly escalate arrests into violent altercations, often killing others.


investmentwatchblog--2020-06-19--San Francisco tenants break leases in startling numbers, giving renters upper hand

One in 13 San Francisco renters have broken their lease since the coronavirus stay-home orders went into place nearly 100 days ago , an astonishing out-migration of tenants in the city that could lead to thousands of empty rental units and give renters the upper hand in negotiations .
When measures to fight the coronavirus severely curtailed economic activity nearly 100 days ago , San Francisco landlords were fearful that widespread layoffs and income lost because of the pandemic would result in a wave of residential tenants unable to pay rent .
While that has not happened — only 3 @ @ @ @ @ @ @ rent in June , and another 2.5 % paid partial rent — landlords are instead dealing with an unexpected problem : Rather than not paying , tenants are walking away from leases .
www.sfchronicle.com/business/article/SF-tenants-break-leases-in-startling-numbers-15347851.php A new survey from the San Francisco Apartment Association found that 7.5 % of renters have broken their lease over the last three months .
The survey included information from 292 landlords who own 10,329 apartments , about 6 % of the city ’ s total rental units .
While the number of broken leases is not a statistic @ @ @ @ @ @ @ previously tracked , it ’ s clearly way above normal .
“ We don ’ t have a baseline to compare it to , but I think it ’ s shockingly high , ” said Charley Goss , the association ’ s policy director .
“ A pretty substantial group of people are leaving.
” The biggest group of tenants breaking leases in San Francisco are Gen Z workers , those 18 to 25 years old , according to landlord and tenants groups .
A new report from Zillow , a marketplace for @ @ @ @ @ @ @ some 2.7 million U.S. adults moved in with their parents in March and April , a trend that nationally could lead to $ 726 million in lost rent this year alone .
About 2.2 million of these are Gen Z .

One in 13 San Francisco renters have broken their lease since the coronavirus stay-home orders went into place nearly 100 days ago, an astonishing out-migration of tenants in the city that could lead to thousands of empty rental units and give renters the upper hand in negotiations.
When measures to fight the coronavirus severely curtailed economic activity nearly 100 days ago, San Francisco landlords were fearful that widespread layoffs and income lost because of the pandemic would result in a wave of residential tenants unable to pay rent.
While that has not happened — only 3% of San Francisco tenants paid no rent in June, and another 2.5% paid partial rent — landlords are instead dealing with an unexpected problem: Rather than not paying, tenants are walking away from leases.
www.sfchronicle.com/business/article/SF-tenants-break-leases-in-startling-numbers-15347851.php
A new survey from the San Francisco Apartment Association found that 7.5% of renters have broken their lease over the last three months. The survey included information from 292 landlords who own 10,329 apartments, about 6% of the city’s total rental units. While the number of broken leases is not a statistic that the multifamily housing industry association has previously tracked, it’s clearly way above normal.
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“We don’t have a baseline to compare it to, but I think it’s shockingly high,” said Charley Goss, the association’s policy director. “A pretty substantial group of people are leaving.”
The biggest group of tenants breaking leases in San Francisco are Gen Z workers, those 18 to 25 years old, according to landlord and tenants groups. A new report from Zillow, a marketplace for rentals and home sales, found that some 2.7 million U.S. adults moved in with their parents in March and April, a trend that nationally could lead to $726 million in lost rent this year alone. About 2.2 million of these are Gen Z.
h/t Don


investmentwatchblog--2020-06-19--Pakistan army launch ‘unprovoked attack’ on India – intense gunfire on border

THE PAKISTAN Army has reportedly violated ceasefire as border tensions with India intensify .
India ’ s Defence Ministry spokesperson @ @ @ @ @ : “ At about 10.45am today , Pakistan imitated the unprovoked ceasefire violation by firing @ @ @ @ @ shelling with mortars along the LoC in Nowshera sector of Rajouri district.
” “ Today @ @ @ @ @ unprovoked ceasefire violation by firing with Small Arms & intense shelling with Mortars along LoC @ @ @ @ @ Here we go .

Pakistan army launch ‘unprovoked attack’ on India – intense gunfire on border
THE PAKISTAN Army has reportedly violated ceasefire as border tensions with India intensify.
India’s Defence Ministry spokesperson, Colonel Devender Anand said: “At about 10.45am today, Pakistan imitated the unprovoked ceasefire violation by firing with small arms and intense shelling with mortars along the LoC in Nowshera sector of Rajouri district.”
New Delhi journalist, Aditya Raj Kaul, tweeted: “Pakistan Army violates ceasefire in Nowshera Sector, Jammu & Kashmir.
“Today at 10:45am, Pak initiated unprovoked ceasefire violation by firing with Small Arms & intense shelling with Mortars along LoC in Nowshera of Rajouri.
“Indian Army is retaliating befittingly.”
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www.express.co.uk/news/world/1298074/World-War-3-India-Pakistan-war-Kashmir-border-fight-shots-fired-latest-Nowshera-of-Rajouri
Here we go.
China
India
Pak/Islam
At Kashmir gateway!
AC


investmentwatchblog--2020-06-19--U.S. teenager who took precautions died suddenly of COVID-19

( Kaiser Health News ) — It started as a normal day .
Dawn Guest , 54 , got up and headed out to her job as a nurse around 5 a.m. She heard her 16-year-old son , Andre , stirring in his room , but he had always been an earlier riser , even when his school was shut for COVID-19 .
Later that day she would get a call from her husband , telling her there was something wrong with their son .
That call would be the beginning of a 12-day journey that would end in tragedy @ @ @ @ @ @ @ you how a perfectly healthy 16-year-old boy can be making his own peanut butter sandwich late Wednesday night , getting his own tea out the fridge and head up to bed like any other teenager in the state or in the country is doing .
And then within 24 hours is fighting for his life , ” Dawn said .
Andre , an easygoing sophomore at Lawrence North High School , loved YouTube and knew everything about video games ; for his birthday in April , he asked for a game that wasn @ @ @ @ @ @ @ December , and his parents planned on getting it for him when it was released .
He also loved photography and annoying his siblings and excelled at basketball and bowling .

(Kaiser Health News) — It started as a normal day. Dawn Guest, 54, got up and headed out to her job as a nurse around 5 a.m. She heard her 16-year-old son, Andre, stirring in his room, but he had always been an earlier riser, even when his school was shut for COVID-19. Later that day she would get a call from her husband, telling her there was something wrong with their son.
That call would be the beginning of a 12-day journey that would end in tragedy.
“I can’t tell you how a perfectly healthy 16-year-old boy can be making his own peanut butter sandwich late Wednesday night, getting his own tea out the fridge and head up to bed like any other teenager in the state or in the country is doing. And then within 24 hours is fighting for his life,” Dawn said.
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Andre, an easygoing sophomore at Lawrence North High School, loved YouTube and knew everything about video games; for his birthday in April, he asked for a game that wasn’t set to be released until December, and his parents planned on getting it for him when it was released. He also loved photography and annoying his siblings and excelled at basketball and bowling.
www.ctvnews.ca/health/coronavirus/u-s-teenager-who-took-precautions-died-suddenly-of-covid-19-1.4991316
h/t Q33


investmentwatchblog--2020-06-19--Tennessee Passes Law That Bans Murder of Babies Once Heartbeat is Detected

A wide-ranging abortion restriction bill , once believed to be scrapped for the year , will now become law in @ @ @ @ @ Senate 23-5 just after 12:30 a.m. Friday on a party-line vote .
In addition to @ @ @ @ @ a fetal heartbeat can be detected , which is as early as six weeks , @ @ @ @ @ procedure : If the doctor knows that the woman is seeking an abortion because of @ @ @ @ @ or race .
If the doctor knows the woman is seeking an abortion due to @ @ @ @ @ syndrome .
For juveniles in custody of the Department of Children ’ s Services , @ @ @ @ @ to petition a judge for permission .

A wide-ranging abortion restriction bill, once believed to be scrapped for the year, will now become law in Tennessee.
It passed the Senate 23-5 just after 12:30 a.m. Friday on a party-line vote.
In addition to banning abortions after the point a fetal heartbeat can be detected, which is as early as six weeks, the legislation also prohibits the procedure:
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www.tennessean.com/story/news/politics/2020/06/19/tennessee-six-week-abortion-ban-fetal-heartbeat-down-syndrome/3214947001/
If the doctor knows that the woman is seeking an abortion because of the child’s sex or race.
If the doctor knows the woman is seeking an abortion due to to a diagnosis of Down syndrome.
For juveniles in custody of the Department of Children’s Services, including removing the current option to petition a judge for permission.
h/t WyatteSmith


investmentwatchblog--2020-06-19--COLORADO AND TEXAS WOMAN TESTS POSITIVE FOR COVID-19 TWICE

AFAYETTE , Colo — A month 1/2 since her first time contracting the novel coronavirus , a woman in Lafayette found out she tested positive for COVID-19 — again .
Michelle Hart first developed COVID-19 symptoms at the end of April .
Doctors administered a Polymerase Chain Reaction ( PRC ) test — commonly performed with a nasal swab for coronavirus .
On May 2 , Hart ’ s results returned positive .
Canadian woman says she ’ s tested positive for coronavirus 8 times : ‘ COVID-19 has taken a lot out of me ’ A Canadian woman who @ @ @ @ @ @ @ positive for the illness for an eighth time .
Tracy Schofield from Cambridge , Ontario , came down with COVID-19 symptoms including fever , chills and shortness of breath March 30 and tested positive for the first time March 31 , according to CTV News .
Since then , she has taken eight more tests , including one that inexplicably came back negative .
Texas woman tests positive for coronavirus for second time A woman in Texas recently took to social media , sharing her tearful journey after she says she contracted COVID-19 @ @ @ @ @ @ @ followers to take the disease seriously , and uploaded pictures from her hospital bed at Texas Health Presbyterian in Dallas , swathed in a face mask and gown .

AFAYETTE, Colo — A month 1/2 since her first time contracting the novel coronavirus, a woman in Lafayette found out she tested positive for COVID-19 — again.
Michelle Hart first developed COVID-19 symptoms at the end of April. Doctors administered a Polymerase Chain Reaction (PRC) test — commonly performed with a nasal swab for coronavirus. On May 2, Hart’s results returned positive.
www.9news.com/amp/article/news/health/coronavirus/woman-tests-positive-twice-covid-19-coronavirus-colorado/73-772b5764-a15b-46b7-8946-c88f30397955
Canadian woman says she’s tested positive for coronavirus 8 times: ‘COVID-19 has taken a lot out of me’
A Canadian woman who contracted the coronavirus in March has tested positive for the illness for an eighth time.
Tracy Schofield from Cambridge, Ontario, came down with COVID-19 symptoms including fever, chills and shortness of breath March 30 and tested positive for the first time March 31, according to CTV News. Since then, she has taken eight more tests, including one that inexplicably came back negative.
'Am I going to have it forever?': Cambridge, Ont. woman tests positive for COVID-19 eight times in 50 days t.co/4oHd8rpVFY pic.twitter.com/TdMfbxF1eD — CTV Montreal (@CTVMontreal) May 20, 2020
www.foxnews.com/world/canada-woman-positive-coronavirus-8-times-covid-19
We are primarily funded by readers. Please subscribe and donate to support us!
Another…
Texas woman tests positive for coronavirus for second time
A woman in Texas recently took to social media, sharing her tearful journey after she says she contracted COVID-19 twice.
Meredith McKee urged her Facebook followers to take the disease seriously, and uploaded pictures from her hospital bed at Texas Health Presbyterian in Dallas, swathed in a face mask and gown.
www.foxnews.com/health/texas-woman-tests-coronavirus-positive-for-second-time.amp
h/t Goneviral


investmentwatchblog--2020-06-19--CHAOS: The Atlanta PD is unraveling as the city is threatened by an anti-self defense, anti-cop Dist

CHAOS: The Atlanta PD is unraveling as the city is threatened by an anti-self defense, anti-cop District Attorney and the criminal thugs he is empowering

( Natural News ) When can a police officer use deadly force ?
Can a cop defend himself when an intoxicated man resists arrests , steals the officer ’ s taser , and attacks ?
Should police offers succumb to beatings and allow dangerous criminals and intoxicated drivers to threaten their life ?
This is what happened to Officer Garrett Rolfe from the Atlanta PD .
After pulling over a suspect for driving under the influence , Rolfe attempted to make an arrest , but he was attacked in the process .
The suspect , 27-year-old Rayshard Brooks , stole @ @ @ @ @ @ @ him .
Officer Rolfe fought back in self defense and shot the suspect in an effort to apprehend him .
Anti-cop DA to abolish self defense , handicap police officers from doing their jobs Suspect Rayshard Brooks took a needless , deadly risk when he fought the officers and criminally attacked them with their taser .
However , Fulton County District Attorney Paul Howard , an anti-cop activist , has charged Officer Garrett Rolfe with 11 criminal counts , including felony murder charges with the possibility of the death penalty .
Most of @ @ @ @ @ @ @ Officer Garrett Rolfe .
Burke country Sheriff Alfonzo Williams said the officer was justified in shooting the suspect because the suspect attacked the officers with their own taser .
Fellow officers with the Atlanta PD are now walking off the job in protest of Fulton County District Attorney ’ s decision to press charges against Officer Rolfe .
In fact , officers left their evening shift posts in Zone 3 , 4 and 6 , and are not responding to calls in the city .
There are reports that officers are turning off @ @ @ @ @ @ @ to reports of criminal misconduct .
“ It ’ s the worst day in law enforcement in the city of Atlanta that ’ s ever been , ” said Vince Champion , regional director of the International Brotherhood of Police officers .
The morale within the Atlanta Police Department has hit an all-time low .
Atlanta PD unraveling as street thugs rise to power , criminalizing self defense The Atlanta PD is beginning to unravel as anti-cop sentiment engulfs the nation .
Atlanta could become one of the first major U.S. cities to @ @ @ @ @ @ @ communist Left convinces the nation that cops can no longer use force at all or defend their communities from violent criminals .
Yes , law enforcement should be held to high standards , but they can not be made handicap to violent offenders , prosecuted for defending themselves .
Without strong and capable law enforcement , gangs will rule the streets , extorting whomever them want , while running drugs into the streets .
When police are told to stand down , violent BLM and Antifa mobs can hijack portions of a city @ @ @ @ @ @ @ As thugs gain power , they threaten to abolish the police , as they continue to riot , loot and pillage property , threatening innocent lives .
This case in Atlanta is important , for it has implications that will permeate law enforcement operations around the country and drastically affect the right of individuals to defend their own lives and property .
If a police officer can be given the death penalty for acting in self defense , then what can happen to individuals who act in self defense after they are attacked @ @ @ @ @ @ @ ?
If Fulton County District Attorney Paul Howard gets his way , then Antifa and the BLM mobs will gain incredible new legal power to attack whomever they want and berate police officers .
Officers and law abiding citizens will be helpless , scared to fight back in self defense for fear of prosecution .
A person of white skin , defending himself from BLM mobs , could ultimately be given the death penalty for daring to save his own life .
A white person , especially a white cop , is now @ @ @ @ @ @ @ they defend their families and their communities from BLM mobs and Antifa terrorists .
As police departments unravel because they aren ’ t allowed to do their job , cities will devolve into a Wild West scenario , where everyone is left to fend for themselves .
This will only go on for so long , until police departments lose their best men and women and are overrun by the very thugs who are rising to power on the streets .

by: Lance D Johnson
(Natural News) When can a police officer use deadly force? Can a cop defend himself when an intoxicated man resists arrests, steals the officer’s taser, and attacks? Should police offers succumb to beatings and allow dangerous criminals and intoxicated drivers to threaten their life?
This is what happened to Officer Garrett Rolfe from the Atlanta PD. After pulling over a suspect for driving under the influence, Rolfe attempted to make an arrest, but he was attacked in the process. The suspect, 27-year-old Rayshard Brooks, stole the officer’s taser and attacked him. Officer Rolfe fought back in self defense and shot the suspect in an effort to apprehend him.
Anti-cop DA to abolish self defense, handicap police officers from doing their jobs
Suspect Rayshard Brooks took a needless, deadly risk when he fought the officers and criminally attacked them with their taser. However, Fulton County District Attorney Paul Howard, an anti-cop activist, has charged Officer Garrett Rolfe with 11 criminal counts, including felony murder charges with the possibility of the death penalty.
Most of the Atlanta PD is now standing with Officer Garrett Rolfe. Burke country Sheriff Alfonzo Williams said the officer was justified in shooting the suspect because the suspect attacked the officers with their own taser. Fellow officers with the Atlanta PD are now walking off the job in protest of Fulton County District Attorney’s decision to press charges against Officer Rolfe. In fact, officers left their evening shift posts in Zone 3, 4 and 6, and are not responding to calls in the city. There are reports that officers are turning off their car radios, refusing to respond to reports of criminal misconduct.
“It’s the worst day in law enforcement in the city of Atlanta that’s ever been,” said Vince Champion, regional director of the International Brotherhood of Police officers. The morale within the Atlanta Police Department has hit an all-time low.
Atlanta PD unraveling as street thugs rise to power, criminalizing self defense
The Atlanta PD is beginning to unravel as anti-cop sentiment engulfs the nation. Atlanta could become one of the first major U.S. cities to lose its law enforcement, as the communist Left convinces the nation that cops can no longer use force at all or defend their communities from violent criminals. Yes, law enforcement should be held to high standards, but they cannot be made handicap to violent offenders, prosecuted for defending themselves. Without strong and capable law enforcement, gangs will rule the streets, extorting whomever them want, while running drugs into the streets. When police are told to stand down, violent BLM and Antifa mobs can hijack portions of a city, like they did in Seattle. As thugs gain power, they threaten to abolish the police, as they continue to riot, loot and pillage property, threatening innocent lives.
We are primarily funded by readers. Please subscribe and donate to support us!
This case in Atlanta is important, for it has implications that will permeate law enforcement operations around the country and drastically affect the right of individuals to defend their own lives and property. If a police officer can be given the death penalty for acting in self defense, then what can happen to individuals who act in self defense after they are attacked by gangs, mobs and violent criminals?
If Fulton County District Attorney Paul Howard gets his way, then Antifa and the BLM mobs will gain incredible new legal power to attack whomever they want and berate police officers. Officers and law abiding citizens will be helpless, scared to fight back in self defense for fear of prosecution. A person of white skin, defending himself from BLM mobs, could ultimately be given the death penalty for daring to save his own life. A white person, especially a white cop, is now perceived as a racist white supremacist if they defend their families and their communities from BLM mobs and Antifa terrorists.
As police departments unravel because they aren’t allowed to do their job, cities will devolve into a Wild West scenario, where everyone is left to fend for themselves. This will only go on for so long, until police departments lose their best men and women and are overrun by the very thugs who are rising to power on the streets.
Sources include:
BigLeaguePolitics.com
Breitbart.com
NaturalNews.com


investmentwatchblog--2020-06-19--Ultra-wealthy stocking up on gold; Fed debasing dollar…  Tale of two recessions: Some Americans thri

Ultra-wealthy stocking up on gold; Fed debasing dollar…  Tale of two recessions: Some Americans thrive as others suffer

ZURICH/LONDON ( Reuters ) – As stock markets roar back from the coronavirus-led rout , advisers to the world ’ s wealthy are urging them to hold more gold , questioning the strength of the rally and the long-term impact of global central banks ’ cash splurge .
Tale of two recessions : Some Americans thrive as others suffer $ 10 TRILLION FEDERAL BUDGET MORE THAN SPENT ON 4 U.S. WARS COMBINED… CNSNews.com ) – A coalition of conservative leaders sent a letter to President Donald Trump and Senate Majority Leader Mitch McConnell ( R-Ky. ) warning that the congressional @ @ @ @ @ @ @ it ’ s getting very close to $ 10 trillion , which is more than the government spent fighting the Revolutionary War , Civil War , and World War I and II combined .
The Save Our Country coalition , which is made up of conservative leaders , called on Trump and Republican congressional leaders to “ Stop the Spending.
” The coalition consists of : Stephen Moore , co-founder of the Committee to Unleash Prosperity ; Adam Brandon , president of FreedomWorks ; Jim DeMint , chairman of Conservative Partnership Institute ; @ @ @ @ @ @ @ Exchange Council ; Arthur Laffer , Laffer Associates ; Casey Mulligan , University of Chicago ; Jenny Beth Martin , Tea Party Patriots ; Grover Norquist , Americans for Tax Reform ; William Bennett , former Reagan cabinet member ; Brent Bozell , founder and president of Media Research Center ; Scott Garrett , former member of Congress ; Bob McEwan , Center for National Policy ; Ed Meese , former Attorney General of the United States ; Jim Miller , former Office of Management and Budget ; and William Walton , Center @ @ @ @

Ultra-wealthy stocking up on gold; Fed debasing dollar…
ZURICH/LONDON (Reuters) – As stock markets roar back from the coronavirus-led rout, advisers to the world’s wealthy are urging them to hold more gold, questioning the strength of the rally and the long-term impact of global central banks’ cash splurge.
Tale of two recessions: Some Americans thrive as others suffer
POINTS
The recession’s financial pain is concentrated among certain groups, like minorities, lower earners and women.
Others, especially White men, higher earners and those with higher levels of education, have been insulated.
The disparity even extends to those lucky enough to still have jobs, which is unique during downturns, experts say.
DEUTSCHE BANK: One-in-three chance of ‘massive’ disaster worse than COVID-19…
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$10 TRILLION FEDERAL BUDGET MORE THAN SPENT ON 4 U.S. WARS COMBINED…
CNSNews.com) – A coalition of conservative leaders sent a letter to President Donald Trump and Senate Majority Leader Mitch McConnell (R-Ky.) warning that the congressional spending in the coronavirus must stop because it’s getting very close to $10 trillion, which is more than the government spent fighting the Revolutionary War, Civil War, and World War I and II combined.
The Save Our Country coalition, which is made up of conservative leaders, called on Trump and Republican congressional leaders to “Stop the Spending.”
The coalition consists of: Stephen Moore, co-founder of the Committee to Unleash Prosperity; Adam Brandon, president of FreedomWorks; Jim DeMint, chairman of Conservative Partnership Institute; Lisa Nelson, CEO of American Legislative Exchange Council; Arthur Laffer, Laffer Associates; Casey Mulligan, University of Chicago; Jenny Beth Martin, Tea Party Patriots; Grover Norquist, Americans for Tax Reform; William Bennett, former Reagan cabinet member; Brent Bozell, founder and president of Media Research Center; Scott Garrett, former member of Congress; Bob McEwan, Center for National Policy; Ed Meese, former Attorney General of the United States; Jim Miller, former Office of Management and Budget; and William Walton, Center for National Policy.


investmentwatchblog--2020-06-19--Read What She Wrote – This Is All It Takes to Get Fired These Days

They dont want an elaborate explanation of your political stances .
Chant the phrase of submission or else .

They dont want an elaborate explanation of your political stances. Chant the phrase of submission or else.
Archived NBC Link
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archive.is/MhRh8
h/t blumen4alles


investmentwatchblog--2020-06-19--Wirecard’s €1.9bn hole deepens after forgery claim. Philippine banks say German payments firm isn’t

Wirecard’s €1.9bn hole deepens after forgery claim. Philippine banks say German payments firm isn’t a client. Shares plummet for a second day, falling as much as 25% below €20.

Wirecard AG shares continued their free-fall , dropping a further 45 % after the two Asian banks that were supposed to be holding 1.9 billion euros ( $ 2.1 billion ) of missing cash denied any business relationship with the German payments company .
Wirecard now faces a potential cash crunch .
The company warned Thursday that loans of up to 2 billion euros could be terminated if its audited annual report is not published on Friday .
Analysts at Morgan Stanley estimated that Wirecard has available cash of around 220 million euros , if it can not locate the @ @ @ @ @ @ @ Inc. , the Philippines ’ largest bank by assets , and the Bank of the Philippine Islands said in separate statements on Friday that Wirecard isn ’ t a client .
“ It was a rogue employee who falsified documents and forged the signatures of our officers , ” BDO Unibank Chief Executive Officer Nestor Tan said in a mobile phone message .
“ Wirecard is not even a depositor — we have no relationship with them ” .
The Bank of the Philippine Islands said in a separate statement that Wirecard isn @ @ @ @ @ @ @ to investigate the issue .
Wirecard was worth 24.6 billion euros in September 2018 when it entered Germany ’ s Dax index .
It is currently valued at about 2.4 billion euros .

www.bloomberg.com/amp/news/articles/2020-06-19/bdo-unibank-says-it-s-one-of-banks-involved-in-wirecard-probe?sref=61mHmpU4&__twitter_impression=true
Wirecard AG shares continued their free-fall, dropping a further 45% after the two Asian banks that were supposed to be holding 1.9 billion euros ($2.1 billion) of missing cash denied any business relationship with the German payments company.
Wirecard now faces a potential cash crunch. The company warned Thursday that loans of up to 2 billion euros could be terminated if its audited annual report is not published on Friday. Analysts at Morgan Stanley estimated that Wirecard has available cash of around 220 million euros, if it cannot locate the missing $2.1 billion.
BDO Unibank Inc., the Philippines’ largest bank by assets, and the Bank of the Philippine Islands said in separate statements on Friday that Wirecard isn’t a client.
“It was a rogue employee who falsified documents and forged the signatures of our officers,” BDO Unibank Chief Executive Officer Nestor Tan said in a mobile phone message. “Wirecard is not even a depositor — we have no relationship with them”.
The Bank of the Philippine Islands said in a separate statement that Wirecard isn’t a client and it continues to investigate the issue.
Wirecard was worth 24.6 billion euros in September 2018 when it entered Germany’s Dax index. It is currently valued at about 2.4 billion euros.


investmentwatchblog--2020-06-19--ALL levels of Australian govt., critical infrastructure hit in ‘sophisticated cyber attack’ by ‘stat

ALL levels of Australian govt., critical infrastructure hit in ‘sophisticated cyber attack’ by ‘state actor’ – PM

Australian Prime Minister Scott Morrison has said that his country has been targeted by a large-scale cyber attack seeking to @ @ @ @ @ government as well as the operations of essential services providers .
“ We know it @ @ @ @ @ actor because of the scale and nature of the targeting , ” Morrison said , @ @ @ @ @ morning local time .
Morrison did not point the finger at any particular country… Wonder @ @ @ @ @

Australian Prime Minister Scott Morrison has said that his country has been targeted by a large-scale cyber attack seeking to disrupt the work of the government as well as the operations of essential services providers.
“We know it is a sophisticated state-based cyber actor because of the scale and nature of the targeting,” Morrison said, addressing the nation on Friday morning local time.
Morrison did not point the finger at any particular country…
www.rt.com/news/492306-australia-cyber-attack-state-actor/
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Wonder who that could be.
Tess


investmentwatchblog--2020-06-19--Is Trudeau Hiding Environmental Data Calling Top Secret Because it Exposes his Government?

In Canada , the Trudeau government is refusing to release carbon tax data , saying it is top secret so @ @ @ @ @ see the findings of the report .
This is pretty standard for if it supported @ @ @ @ @ be the first to release it to the public .
Things become secret like the @ @ @ @ @ they expose the corruption within the government .
Trudeau certainly does not want to reveal @ @ @ @ @ for the climate never go to anything connected to the climate .

by Martin Armstrong
We are primarily funded by readers. Please subscribe and donate to support us!
In Canada, the Trudeau government is refusing to release carbon tax data, saying it is top secret so that Canadians are unable to see the findings of the report. This is pretty standard for if it supported their agenda, they would be the first to release it to the public. Things become secret like the Kennedy Assassination files only when they expose the corruption within the government. Trudeau certainly does not want to reveal that all the taxes imposed for the climate never go to anything connected to the climate.


investmentwatchblog--2020-06-19--Atlanta Police Dispatch – Zone 6: “If you have any items inside the (police) precinct, retrieve them

Atlanta Police Dispatch – Zone 6: “If you have any items inside the (police) precinct, retrieve them now – We’re losing weapons.

Atlanta Police Dispatch – Zone 6 East : “ If you have any items inside the ( police ) precinct @ @ @ @ @ That message just went out .
About to be taken over by rioters/looters ?
Update @ @ @ @ @ have gone almost completely silent now .
Officers in Atlanta Zone 6 Precinct/Dispatch Building identify @ @ @ @ @ around the building Atlanta PD begins removing guns from Precinct 6 in preparation of it @ @ @ @ @ : Gov Kemp allegedly on 2 hr call for possible expected “ civil disturbance ” @ @ @ @ @ resources ” regarding ATL Zone 6 .
ANTIFA related Talk of National Guard to stop @ @ @ @ @ precinct .
Deploying NG would take approx 2-3 hours # BlueFlu

Atlanta Police Dispatch – Zone 6 East: “If you have any
items inside the (police) precinct, retrieve them now.”
www.broadcastify.com/webPlayer/30453
That message just went out.
About to be taken over by rioters/looters?
Update #1: “We’re losing weapons from the precinct.”
Update #2: Seems to have gone almost completely silent now.
Update #3: CONFIRMATION:
Officers in Atlanta Zone 6 Precinct/Dispatch Building
identify “ANTIFA Guards” snooping around the building
We are primarily funded by readers. Please subscribe and donate to support us!
APD is claiming that there are people who "look like antifa guard" around the precinct — ATL Police Scanner ✊🏿🏴 (@atlpoliceradio) June 18, 2020
Atlanta PD begins removing guns from Precinct 6 in
preparation of it being overran
Atlanta pd #Zone6 removed weapons out of precinct approx. 15 minutes ago, falling back pic.twitter.com/YgBVwrJzBl — Katja (@katja_gq) June 18, 2020
OFFICERS/PRECINCT BEING “SCOPED OUT” AS OFFICERS BEGIN TO
MOVE WEAPONS OFFSITE:
This was recorded at 1am 18Jun20 zone 6 Atlanta pic.twitter.com/CDM9q6HEeB — Rick (@ricksnjoy) June 18, 2020
Update #4:
SETH WEATHERS
@sethweathers
BREAKING: Source: Gov Kemp allegedly on 2 hr call for
possible expected “civil disturbance” & lack of “local
resources” regarding ATL Zone 6. ANTIFA related
Talk of National Guard to stop any attempted takeover of
the precinct. Deploying NG would take approx 2-3 hours
#BlueFlu
BREAKING: Source: Gov Kemp allegedly on 2 hr call for possible expected “civil disturbance” & lack of “local resources” regarding ATL Zone 6. ANTIFA related Talk of National Guard to stop any attempted takeover of the precinct. Deploying NG would take approx 2-3 hours #BlueFlu — SETH WEATHERS (@sethweathers) June 18, 2020
h/t dr0id


investmentwatchblog--2020-06-19--If Obama can do #DACA by executive order, why can’t Trump undo it by the same mechanism? The #Suprem

If Obama can do #DACA by executive order, why can’t Trump undo it by the same mechanism? The #SupremeCourt has some explaining to do…

Unchecked executive authority was just one of the many abuses the Founders tried to guard against , but I guess @ @ @ @ @ in conlaw .
HE WAS HONEST ON TEN OCCASIONS ?
10 Times Barack Obama Acknowledged @ @ @ @ @

If Obama can do #DACA by executive order, why can’t Trump undo it by the same mechanism? The #SupremeCourt has some explaining to do, and Chief Justice Roberts’ desire to be invited to all the best Georgetown cocktail parties will not suffice — Dinesh D'Souza (@DineshDSouza) June 18, 2020
YES:
Unchecked executive authority was just one of the many abuses the Founders tried to guard against, but I guess certain justices missed that day in conlaw.
We are primarily funded by readers. Please subscribe and donate to support us!
HE WAS HONEST ON TEN OCCASIONS? 10 Times Barack Obama Acknowledged That DACA Was Unconstitutional.
h/t SG


investmentwatchblog--2020-06-19--I’m going to go ahead and call it – The Democrat convention is going to must see TV.

Technically-challenged Democrats are *planning to plan* a technically-intensive “ Virtual Convention ” , complete with live-streams in multiple cities and @ @ @ @ @ ’ t created yet – in 59 days .
Disclaimer : This is a guest @ @ @ @ @ t necessarily represent the views of IWB .

by schism
Technically-challenged Democrats are *planning to plan* a technically-intensive “Virtual Convention”, complete with live-streams in multiple cities and hours of propaganda they haven’t created yet – in 59 days.
We are primarily funded by readers. Please subscribe and donate to support us!
Source: keyt.com/politics/2020/06/18/joe-biden-will-accept-democratic-presidential-nomination-in-milwaukee/
Disclaimer: This is a guest post and it doesn’t necessarily represent the views of IWB.


investmentwatchblog--2020-06-19--The left doesn’t understand what hypocrisy is.

In case people don ’ t know , Paul Howard ( the DA pictured ) has actively been under criminal @ @ @ @ @ to supplement his salary : He ’ s also up for re-election and doing poorly @ @ @ @ @ obviously ) .
He ’ s a corrupt politician trying to run from his own @ @ @

by 10gauge
In case people don’t know, Paul Howard (the DA pictured) has actively been under criminal investigation for stealing state funds to supplement his salary:
www.ajc.com/news/local/gbi-opens-probe-fulton-paul-howard-over-use-nonprofit-funds/cgSq6UgzmHbCfGNJcxMJ6O/
He’s also up for re-election and doing poorly.
We are primarily funded by readers. Please subscribe and donate to support us!
This is political (obviously).
He’s a corrupt politician trying to run from his own criminal investigation.
archive.is/7IqDL


investmentwatchblog--2020-06-19--VIDEO: Tulsa mayor starts a curfew so Trump supporters can’t wait in line for the Trump rally. Order

VIDEO: Tulsa mayor starts a curfew so Trump supporters can’t wait in line for the Trump rally. Orders Police to Arrest Rally Attendees

When you can march and loot in major cities .
Destroy property and burn down businesses of hard working people @ @ @ @ @ pending .
No law enforcement available .
But a Trump Rally will be forced close @ @ @ @ @ imaginary decree because…then it ok to have a Curfew .
We are here BREAKING OVERNIGHT @ @ @ @ @ “ Civil Emergency ” – Orders Immediate Shut Down Curfew Around Trump Rally Venue – @ @ @ @ @ Attendees…

The Tulsa mayor just decided to start a curfew so Trump supporters can't wait in line for the Trump rally. pic.twitter.com/NLzsp8iOKq — Art TakingBack 🇺🇸 (@ArtValley818) June 19, 2020
When you can march and loot in major cities. Destroy property and burn down businesses of hard working people. Have no criminal charges pending. No law enforcement available. But a Trump Rally will be forced close by a Mayor over an imaginary decree because…then it ok to have a Curfew. We are here
BREAKING OVERNIGHT: Tulsa Mayor Declares a “Civil Emergency”
– Orders Immediate Shut Down Curfew Around Trump Rally Venue
– Orders Police to Arrest Rally Attendees…
We are primarily funded by readers. Please subscribe and donate to support us!
h/t dr0id


investmentwatchblog--2020-06-19--Will A Historic Printing & Spending Spree Be Enough To Counter The Effects Of The Economic Freeze?

The global economic shutdown has inflicted unprecedented damage and caused widespread destruction both in the economy and in our societies .
While the true scale of the crisis is yet to be revealed , we already have enough data to support the case for a deep recession that will likely last for a long time .
And yet , mainstream media reports and “ expert ” commentary has so far largely been focused on the impact of the crisis in the West .
We keep reading analyses and seeing footage from European and US cities and hospitals , while our @ @ @ @ @ @ @ of the corona disaster is restricted to a Western point of view .
On the rare occasions that the situation in emerging economies is mentioned in media reports , the coverage is mostly shallow and superficial , thus failing to capture the everyday reality on the ground and to accurately reflect the full extent of the human suffering in those countries .
The case of India is a prime example of this bias .
Both the harshness of the lockdown and shutdown measures of the Modi government and their terrible consequences have barely @ @ @ @ @ @ @ know next to nothing about the average Indian citizen ’ s experience and the economic disaster that is unfolding in a nation that up until recently was heralded as the next EM success story .
This is why I turned to Jayant Bhandari , to get an accurate account of the situation in India , but also to pick his brain about what we might expect to see on a much wider scale in the economy , in precious metals and in the mining sector .
Jayant is a globetrotting institutional investment consultant @ @ @ @ @ @ @ in the mining and natural resource sector .
Apart from his investment insights , he has published numerous interesting analyses on political , cultural and social issues , while he also runs a yearly seminar in Vancouver , “ Capitalism & Morality ” .
Claudio Grass ( CG ) : The corona crisis and the global economic freeze was an unprecedented shock to the system , hitting the global economy on so many different levels .
The damage caused by the shutdown measures was immense , but so were the monetary and fiscal @ @ @ @ @ @ @ Do you think this historic printing and spending spree will be enough to counter the effects of the economic freeze ?
Jayant Bhandari ( JB ) : Keynesian economics and Modern Monetary Theory ( MMT ) aspire to create something out of nothing .
Underpinning them is the magical thinking of those who have physically grown to adulthood but who have failed to give up the romance of childhood .
These “ theories ” also work very well for psychopaths who aspire to rule over and feed on gullible masses , and to @ @ @ @ @ @ @ It is this marriage of magical thinking of the masses and psychopaths that enables Keynesianism to survive and has now been made worse by MMT .
No doubt , there are a lot of brilliant people in the position of setting the economic framework of society .
These smart people are convincing , because their Ivy League schools taught them how to make the vast majority of people swallow their childish “ theories.
” Mostly , they never got a real-life experience of how the world works .
From mommy ’ s lap @ @ @ @ @ @ @ and then on to $ 250,000 jobs at the IMF , World Bank , or the government .
Moreover , working for these organizations , they are further incentivized to adopt and promote Keynesian ideas , while they are surrounded by virtue signalers and liberal limousine leftists .
It is this intellectual mess the society is in today .
Populism has replaced meritocracy , and there is no way out of it , given our current democratic system .
We do more wrongs to correct prior mistakes .
This problem afflicts not just @ @ @ @ @ @ @ with Covid-19 , but a much broader spectrum of issues in society .
The response of the world to Covid-19 was hugely out of proportion to reality .
Businesses are closed , unemployment has increased massively , and with nothing productive to do , people have suffered emotionally .
All this happened because our leaders lack the skills and foresight to weigh options and to do a risk-reward , cost-benefit analysis .
They do not have an intellectual framework to make appropriate , independent decisions .
Swedish leadership , East Asian countries , @ @ @ @ @ @ @ rule .
The cultural inertia of Keynesianism is so vast and it is seen as the panacea for all ills .
But , alas , magical thinking leads to no real solutions .
Printing currency does not create wealth .
It merely creates an illusion of wealth , while leading to a misallocation of capital , from savers to consumers , and from those who can use it more efficiently to those who are politically connected , making the economy increasingly suboptimal .
The illusions of Keynesianism create a morally corrupt society .
@ @ @ @ @ @ @ not undo the massive damage inflicted by the lockdown and if anything , it will make it far worse .
CG : A lot has been said and written about the Covid crisis in India and the Modi government ’ s handling of it .
How do you assess the response and how was India impacted by the corona crisis , both economically and on a human level ?
JB : On 24th March 2020 , India declared a curfew across the country .
A country of 1.38 billion people came to a @ @ @ @ @ @ @ and all road transportation were immediately banned .
There was no advance notice .
It was a real curfew .
People were not allowed to leave their homes and were ruthlessly beaten by the police if they did , even if they just went grocery shopping .
If your teenage daughter had flown out for a day when curfew was declared , she would have been stranded wherever she was for more than two months .
If she didn ’ t have enough money or a safe place to stay , it was @ @ @ @ @ @ @ available .
This poorly thought-out curfew had all the ingredients to create a massive humanitarian crisis in a country where GDP per capita is barely US $ 2,350 .
Depending on how you count them , there are as many as 100 million migrant workers at any point in time in India .
They earn $ 3 or so a day .
They live hand to mouth .
They share a “ room ” in a claustrophobic and disease-ridden slum , often with many of them sharing the same bed .
As they @ @ @ @ @ @ @ , the landlord threw them out .
They had no money for food , and the police waited outside to brutalize them .
Starved and thirsty , they started walking , in some cases for 1,500 km , to their rural homes .
To avoid getting brutalized by the police , they walked on train-tracks or through the forest .
Scores died in the process .
Women gave birth on the way and then kept walking .
The government and the courts did nothing to deal with this massive humanitarian crisis they had @ @ @ @ @ @ @ that they have no vision , no decision-making power , no empathy , and that they shoot from the hip .
It also pays to remember that at least 200 million Indians live under extreme poverty .
A much larger number of people was driven to starvation by Modi .
Despite the fact that India imposed a total and complete curfew , the most atrocious in the world and lasting almost seventy days , longer than anywhere else , Covid-19 cases have continued to grow exponentially .
And this had to happen , @ @ @ @ @ @ @ but not to those in the government .
Bureaucrats , nurses , and doctors , too afraid to do their job , decided not to show up .
Nurses and doctors stayed away from patients .
The government made fancy promises of starting to produce ventilators and of converting trains into ICUs , but nothing came of them .
They failed to build temporary hospitals .
Instead , patients are occupying spaces under the bridges and elsewhere .
The situation is so bad , that if people suspect they may have caught Covid-19 @ @ @ @ @ @ @ than let the authorities know .
They know that they are in a huge danger—because of utter apathy—if they end up in the hospital .
Corruption has also sky-rocketed .
I have been stuck in India throughout this ordeal .
You have to be here to appreciate the level of the utter incompetence of the Indian government .
China was watching all this flabbergasted , shocked at how incompetent the Indian government is .
So , they simply moved into a large part of Indian territory , and it took India a long @ @ @ @ @ @ @ is that India , within two months , will have the most Covid-19 cases in the world .
Even before Covid-19 came , Indian hospitals had no beds available on a good day , and people used floor spaces .
Ambulance services don ’ t work .
In general , medical infrastructure is non-existent .
This is why imminent disaster is arguably inescapable ; not necessarily because Covid-19 itself is dangerous , but because India can not cater to a simple increase in any disease .
India is an utter failure on so @ @ @ @ @ @ @ .
Nothing works .
Everything has been degrading since the time the British Left .
The country is on a fast track to a massive humanitarian crisis , with Covid-19 acting as a catalyst .
I do not think India will ever recover .
It is passing into the dustbin of history .
CG : One of the most important implications of the corona shock was the moves by many companies and states to limit their reliance on China .
As a result , we ’ ve already seen an early wave of @ @ @ @ @ @ @ to shift their production and realign their supply chains .
Do you see this as a sound strategy for Western companies and do you think India could one day replace China as the world ’ s production hub ?
JB : Irrespective of China ’ s culpability in the Covid-19 pandemic , the key role of the country in the global economy can not be ignored .
It is the manufacturing powerhouse of the world and it will stay that way .
The Chinese are extremely smart and focused on improving themselves .
@ @ @ @ @ @ @ , because of his heavy-handedness , might harm China ’ s prospects in the short-term .
Modi and some of his senior ministers have been making public statements on how Covid-19 will turn out to be a blessing for India .
They were relishing the misfortune of China .
If not for the sake of common decency , had they done some math , they would have realized that India would soon have more Covid-19 cases than China .
Furthermore , when it comes to infrastructure , institutions and even basic services , @ @ @ @ @ @ @ two countries .
During my many visits to China , I happily travel on buses and find it easy to buy a train ticket .
I never use Indian buses , which are unclean , overcrowded , dangerous , and have no sense of time .
Unless you can fight your way to the front of the blob of humanity to get to the ticket counter in India , with its sleepy or missing officer , who might need to be encouraged with a bribe , you have no hope of getting a @ @ @ @ @ @ @ electrician is also virtually impossible in India .
One must really ask around to find a competent worker of any kind , and even then , prepare to be disappointed .
The so-called “ educated ” class is no better .
If the bank or credit card company makes wrong charges on your account , the error might never be corrected .
Once I bought a flight ticket online .
Money left my bank account and never arrived at the booking agent .
Those in the West who import India ’ s IT @ @ @ @ @ @ @ sounding politically incorrect , will often tell you about the pain they suffer from the horrible services they get .
It is true that India has very low labor costs .
But what looks cheap at first glance , eventually turns out to be very expensive .
The same chaos is found in infrastructure .
Indian roads make Chinese traffic look world-class .
India does not have a work ethic , respect for contracts , or the rule of law .
Anyone who claims that India can ever replace China has no real @ @ @ @ @ @ @ has failed to develop a manufacturing sector , and there is nothing to suggest that it ever can .
Moreover , as I mentioned earlier , India is on a suicidal path .
I see no growth and no recovery in the cards .
India is on its way back to the dark ages , as it slowly destroys the institutions that the British left behind .
In the upcoming second part of the interview , we discuss the wider implications of the corona crisis and the response to it , while Jayant @ @ @ @ @ @ @ metals market and mining sector prospects .

by Claudio Grass via Claudiograss.ch
“The illusions of Keynesianism create a morally corrupt society”
Interview with Jayant Bhandari: Part I of II
The global economic shutdown has inflicted unprecedented damage and caused widespread destruction both in the economy and in our societies. While the true scale of the crisis is yet to be revealed, we already have enough data to support the case for a deep recession that will likely last for a long time. And yet, mainstream media reports and “expert” commentary has so far largely been focused on the impact of the crisis in the West.
We keep reading analyses and seeing footage from European and US cities and hospitals, while our perception of the economic and human toll of the corona disaster is restricted to a Western point of view. On the rare occasions that the situation in emerging economies is mentioned in media reports, the coverage is mostly shallow and superficial, thus failing to capture the everyday reality on the ground and to accurately reflect the full extent of the human suffering in those countries.
The case of India is a prime example of this bias. Both the harshness of the lockdown and shutdown measures of the Modi government and their terrible consequences have barely been documented by Western media. We know next to nothing about the average Indian citizen’s experience and the economic disaster that is unfolding in a nation that up until recently was heralded as the next EM success story.
This is why I turned to Jayant Bhandari, to get an accurate account of the situation in India, but also to pick his brain about what we might expect to see on a much wider scale in the economy, in precious metals and in the mining sector. Jayant is a globetrotting institutional investment consultant, who has amassed extensive international experience in the mining and natural resource sector. Apart from his investment insights, he has published numerous interesting analyses on political, cultural and social issues, while he also runs a yearly seminar in Vancouver, “Capitalism & Morality”.
———–
Claudio Grass (CG): The corona crisis and the global economic freeze was an unprecedented shock to the system, hitting the global economy on so many different levels. The damage caused by the shutdown measures was immense, but so were the monetary and fiscal “relief” packages that followed. Do you think this historic printing and spending spree will be enough to counter the effects of the economic freeze?
Jayant Bhandari (JB): Keynesian economics and Modern Monetary Theory (MMT) aspire to create something out of nothing. Underpinning them is the magical thinking of those who have physically grown to adulthood but who have failed to give up the romance of childhood. These “theories” also work very well for psychopaths who aspire to rule over and feed on gullible masses, and to rise to the positions of leadership. It is this marriage of magical thinking of the masses and psychopaths that enables Keynesianism to survive and has now been made worse by MMT.
No doubt, there are a lot of brilliant people in the position of setting the economic framework of society. These smart people are convincing, because their Ivy League schools taught them how to make the vast majority of people swallow their childish “theories.” Mostly, they never got a real-life experience of how the world works. From mommy’s lap, they went to Ivy League schools and then on to $250,000 jobs at the IMF, World Bank, or the government. Moreover, working for these organizations, they are further incentivized to adopt and promote Keynesian ideas, while they are surrounded by virtue signalers and liberal limousine leftists.
It is this intellectual mess the society is in today. Populism has replaced meritocracy, and there is no way out of it, given our current democratic system. We do more wrongs to correct prior mistakes. This problem afflicts not just the monetary policy and how we deal with Covid-19, but a much broader spectrum of issues in society.
The response of the world to Covid-19 was hugely out of proportion to reality. Businesses are closed, unemployment has increased massively, and with nothing productive to do, people have suffered emotionally. All this happened because our leaders lack the skills and foresight to weigh options and to do a risk-reward, cost-benefit analysis. They do not have an intellectual framework to make appropriate, independent decisions. Swedish leadership, East Asian countries, and Trump have been exceptions to this rule.
The cultural inertia of Keynesianism is so vast and it is seen as the panacea for all ills. But, alas, magical thinking leads to no real solutions. Printing currency does not create wealth. It merely creates an illusion of wealth, while leading to a misallocation of capital, from savers to consumers, and from those who can use it more efficiently to those who are politically connected, making the economy increasingly suboptimal. The illusions of Keynesianism create a morally corrupt society. So, no, currency printing cannot undo the massive damage inflicted by the lockdown and if anything, it will make it far worse.
CG: A lot has been said and written about the Covid crisis in India and the Modi government’s handling of it. How do you assess the response and how was India impacted by the corona crisis, both economically and on a human level?
JB: On 24th March 2020, India declared a curfew across the country. A country of 1.38 billion people came to a complete standstill. Every flight and train and all road transportation were immediately banned. There was no advance notice. It was a real curfew. People were not allowed to leave their homes and were ruthlessly beaten by the police if they did, even if they just went grocery shopping.
If your teenage daughter had flown out for a day when curfew was declared, she would have been stranded wherever she was for more than two months. If she didn’t have enough money or a safe place to stay, it was her problem. There was no remediation available.
This poorly thought-out curfew had all the ingredients to create a massive humanitarian crisis in a country where GDP per capita is barely US$2,350.
Depending on how you count them, there are as many as 100 million migrant workers at any point in time in India. They earn $3 or so a day. They live hand to mouth. They share a “room” in a claustrophobic and disease-ridden slum, often with many of them sharing the same bed. As they had no money to pay the rent, the landlord threw them out. They had no money for food, and the police waited outside to brutalize them.
We are primarily funded by readers. Please subscribe and donate to support us!
Starved and thirsty, they started walking, in some cases for 1,500 km, to their rural homes. To avoid getting brutalized by the police, they walked on train-tracks or through the forest. Scores died in the process. Women gave birth on the way and then kept walking.
The government and the courts did nothing to deal with this massive humanitarian crisis they had created. India’s leadership demonstrated that they have no vision, no decision-making power, no empathy, and that they shoot from the hip. It also pays to remember that at least 200 million Indians live under extreme poverty. A much larger number of people was driven to starvation by Modi.
Despite the fact that India imposed a total and complete curfew, the most atrocious in the world and lasting almost seventy days, longer than anywhere else, Covid-19 cases have continued to grow exponentially. And this had to happen, for the rules apply to citizens, but not to those in the government.
Bureaucrats, nurses, and doctors, too afraid to do their job, decided not to show up. Nurses and doctors stayed away from patients. The government made fancy promises of starting to produce ventilators and of converting trains into ICUs, but nothing came of them. They failed to build temporary hospitals. Instead, patients are occupying spaces under the bridges and elsewhere.
The situation is so bad, that if people suspect they may have caught Covid-19, they prefer to go into hiding than let the authorities know. They know that they are in a huge danger—because of utter apathy—if they end up in the hospital. Corruption has also sky-rocketed.
I have been stuck in India throughout this ordeal. You have to be here to appreciate the level of the utter incompetence of the Indian government. China was watching all this flabbergasted, shocked at how incompetent the Indian government is. So, they simply moved into a large part of Indian territory, and it took India a long time to realize this.
My view is that India, within two months, will have the most Covid-19 cases in the world. Even before Covid-19 came, Indian hospitals had no beds available on a good day, and people used floor spaces. Ambulance services don’t work. In general, medical infrastructure is non-existent. This is why imminent disaster is arguably inescapable; not necessarily because Covid-19 itself is dangerous, but because India cannot cater to a simple increase in any disease.
India is an utter failure on so many levels. There are no institutions. Nothing works. Everything has been degrading since the time the British Left. The country is on a fast track to a massive humanitarian crisis, with Covid-19 acting as a catalyst. I do not think India will ever recover. It is passing into the dustbin of history.
CG: One of the most important implications of the corona shock was the moves by many companies and states to limit their reliance on China. As a result, we’ve already seen an early wave of interest in India, as companies seek to shift their production and realign their supply chains. Do you see this as a sound strategy for Western companies and do you think India could one day replace China as the world’s production hub?
JB: Irrespective of China’s culpability in the Covid-19 pandemic, the key role of the country in the global economy cannot be ignored. It is the manufacturing powerhouse of the world and it will stay that way. The Chinese are extremely smart and focused on improving themselves. I love China, although Xi Jinping, because of his heavy-handedness, might harm China’s prospects in the short-term.
Modi and some of his senior ministers have been making public statements on how Covid-19 will turn out to be a blessing for India. They were relishing the misfortune of China. If not for the sake of common decency, had they done some math, they would have realized that India would soon have more Covid-19 cases than China.
Furthermore, when it comes to infrastructure, institutions and even basic services, there is simply no comparison between the two countries. During my many visits to China, I happily travel on buses and find it easy to buy a train ticket. I never use Indian buses, which are unclean, overcrowded, dangerous, and have no sense of time. Unless you can fight your way to the front of the blob of humanity to get to the ticket counter in India, with its sleepy or missing officer, who might need to be encouraged with a bribe, you have no hope of getting a train ticket.
Getting a plumber or electrician is also virtually impossible in India. One must really ask around to find a competent worker of any kind, and even then, prepare to be disappointed. The so-called “educated” class is no better. If the bank or credit card company makes wrong charges on your account, the error might never be corrected. Once I bought a flight ticket online. Money left my bank account and never arrived at the booking agent.
Those in the West who import India’s IT services, if they are unafraid of sounding politically incorrect, will often tell you about the pain they suffer from the horrible services they get. It is true that India has very low labor costs. But what looks cheap at first glance, eventually turns out to be very expensive.
The same chaos is found in infrastructure. Indian roads make Chinese traffic look world-class. India does not have a work ethic, respect for contracts, or the rule of law.
Anyone who claims that India can ever replace China has no real experience of the two countries. India has failed to develop a manufacturing sector, and there is nothing to suggest that it ever can. Moreover, as I mentioned earlier, India is on a suicidal path. I see no growth and no recovery in the cards. India is on its way back to the dark ages, as it slowly destroys the institutions that the British left behind.
—————————-
In the upcoming second part of the interview, we discuss the wider implications of the corona crisis and the response to it, while Jayant also shares his insights into the precious metals market and mining sector prospects.