investmentwatchblog--2020-06-25--The Most Important Lie of the Last 50 Years

Where to begin… Well , let ’ s get to the lie : The Federal Reserve Chairman , and more importantly the United States Federal Reserve , has control over the U.S. Dollar .
Before I get started with this ( hopefully not lengthy ) write-up , we need to get some things straight .
This blatant stupidity that I mentioned is referring to the , once jestful , idea that the Fed “ creates money ” or that “ Trump won ’ t let this market collapse ” .
It does not , and he can ’ t stop @ @ @ @ @ @ @ print the money , the Treasury produces the cash supply and sells it to the Fed , who then distribute it to financial institutions .
It is the government ’ s way of supplying liquidity to the domestic and global economy , but that money isn ’ t “ created ” until the private banks act on it ( a fundamental problem that I ’ ll discuss later ) .
Most actual money that exists in the economy isn ’ t even “ real ” , it ’ s virtual and exists only @ @ @ @ @ @ @ banks “ create money ” by lending .
When the gold-standard was removed and the dollar no longer had a physical backing , the lawmakers decided that they didn ’ t want to legally define “ money ” ( the dollar was previously defined by a weight of gold ) .
Removing the economic strain of having a currency tied to a physical thing wasn ’ t a bad thing in-and-of itself , as this allowed huge expansions of balance sheets , and thus trade and economic growth .
The problem was that @ @ @ @ @ @ @ policy didn ’ t define what “ it ” was that they are making laws for .
How can you create rules for something that neither you , nor anyone , can fully understand as a result of not even having a set definition .
This has been the reoccurring and fundamental problem with not just the U.S. monetary and economic system , but the entire global network of trade .
( The reason for why this affects other countries is for a set of other underlying factors/issues that I ’ ll address @ @ @ @ @ @ @ 80s , with the monetary shackle of gold finally removed , we saw the birth of new business/lending practices , accounting tricks , financial vehicles , etc .
This was when our current system was essentially started .
The whole world wanted to get in on the action , but global trade was encumbered by the slow process of transporting physical currency notes , so the economic world leaders came up with this idea of “ globally synchronized growth ” .
At that point they decided to tie together their economies and removed @ @ @ @ @ @ @ Now , all of sudden , global banking was backed by collateral .
This , along with increasing accounting trickery , started a convoluted web of currency dispersion .
Being the world reserve currency , every nation in the world needed to get their hands on dollars , which caused the explosive inflation rates seen throughout that time .
This was a period where the world was ACTUALLY being “ flooded with dollars ” ( we ’ ll get back to this ) .
Previously , the Fed ’ s tool to combat @ @ @ @ @ @ @ , so when they decoupled the dollar into a fiat currency , they created the Federal Funds Rate , which in theory gave them control over dollar prices , and for a long time it did .
The problem is that they weren ’ t controlling the Federal Funds Rate .
The Fed , through the form of the Federal Open Market Committee , set a Federal Funds Target Rate , but the actual rate ( Federal Funds Effective Rate ) is just the weighted average of the interest rates on inter-bank lending @ @ @ @ @ @ @ rate when they lend , and the reason the FFR worked was because the banks simply just agreed to use the target rate .
Alan Greenspan , who was probably initially shocked when Paul Vlocker told him this , made it famous , as he would make a huge deal about it and go publicly every seven weeks to the bureaucracy to announce “ the FFR ” and the institutions listened , but to them and everyone else it seemed like the Fed was controlling it , and as a result , the @ @ @ @ @ @ @ tie into my point ?
Well , if you have followed what I ’ ve said up to this point , you should ’ ve started to see why this “ lie ” is important .
As long as the banks think that the Fed was “ in control ” , then it was a self-fulfilling prophecy , as the effective interest rates followed the target rate and inflation was controlled .
IF , though , apprehension appears in the system , it stops working , and that ’ s exactly what happened @ @ @ @ @ @ @ explosive rise of extremely risky business practices and must ’ ve considered what had happened just a few years earlier , because banks didn ’ t want to loosen their lending , and it was apparent in the FFR .
In mid-2007 , there was a sharp increase in inflation , so on August 7th , Ben Bernanke announced the increase in FFR .
But weeks later the FFR hadn ’ t changed , and the Fed , not understanding why this happened , just shrugged it off and quietly decreased their target @ @ @ @ @ @ @ This was a red flag for the bankers , who then decided to start tightening as a result .
Later that year though , inflation continued to rise sharply , so an even higher target rate was announced and this time the effective rate didn ’ t stay the same , it actually decreased , and by a lot .
The banking industry was stunned , and suddenly domestic banks stopped lending , which starved international banks of dollars , and as a result they started selling off collateral in the form of @ @ @ @ @ @ @ begin drop .
The crash though didn ’ t happen until Bear Stearns failed , because that cemented this distrust throughout everyone in the world .
The thing is , though , and the reason why this is the “ most important lie of the last 50 years ” , is that the system broke on that fateful day in August 2007 , and nothing that anyone has done has even remotely fixed it .
The steps taken by other nations ( i.e .
socialism , populism , yellow jackets , etc .
@ @ @ @ @ @ @ Banks no longer trust the system and , despite a few small periods of growth here-and-there , have increasingly tightened lending , thus starving the world of dollars .
Along with this , about 80 % of global collateral was wiped out in 2008-2009 .
Since then , this global shortage of dollars and liquidity has been at the heart of every market crash/correction and recession around the world , including the collapse in March .
Our global monetary system is fundamentally broken and , despite what anybody says , it is not @ @ @ @ @ @ @ any time soon .
Bond yields have been decreasing consistently for the last 50 years and are now stuck at 0 , and in some cases are negative .
The system has reached its limits .
No amount of QE will “ flood the world in dollars ” because institutions are hoarding cash because they know how delicate the system is , and the Fed thinks that if they can keep this charade up long enough that maybe it ’ ll figure itself out , which is why him , Trump , big @ @ @ @ @ @ @ are all pumping the market with exuberantly optimistic news and data .
This stupidity is the exact thing that the Fed wants .
The real joke of it all is that smart financial practices are the downfall of our current global monetary system that was designed to run on ignorantly high-risk business practices .
There ’ s so much more ridiculousness to any of this than any person could ever tell , but if you want to learn more about this stuff , check out Jeffrey P. Snider , as he ’ s @ @ @ @ @ @ @ and has been the only person that I ’ ve found that is either looking into this stuff or actively trying to spread the truth behind it all .
How should you play this on your RobinHood app ?
Well , look at the S & P500 chart since 2017 and consider what I just told you .
Furthermore , consider the insane amount of economic damage the lockdowns have done to an already extremely fragile system .
What you should be thinking to yourself is : “ Wow , whenever the market @ @ @ @ @ @ @ s a correction , and when it starts looking really risky there ’ s a crash .
Maybe that has something to do with what OP said about institutions hoarding dollars when things look risky , and foreign banks needing dollars sell off US equities because there ’ s a global collateral shortage .
I should probably consider against buying call option contracts or holding over-inflated stock shares when the market is looking like it ’ s at that point .
Oh wait , look , the S & P is at the @ @ @ @ @ @ @ many of the crashes since 2017 , and the Nasdaq is at all-time highs.
” Sorry for the rant .
Stay safe .
Very bumpy ride ahead .
Disclaimer : This information is only for educational purposes .
Do not make any investment decisions based on the information in this article .
Do you own due diligence .

by kaxo123
Where to begin… Well, let’s get to the lie: The Federal Reserve Chairman, and more importantly the United States Federal Reserve, has control over the U.S. Dollar.
Before I get started with this (hopefully not lengthy) write-up, we need to get some things straight. This blatant stupidity that I mentioned is referring to the, once jestful, idea that the Fed “creates money” or that “Trump won’t let this market collapse”. It does not, and he can’t stop it. They don’t even print the money, the Treasury produces the cash supply and sells it to the Fed, who then distribute it to financial institutions. It is the government’s way of supplying liquidity to the domestic and global economy, but that money isn’t “created” until the private banks act on it (a fundamental problem that I’ll discuss later). Most actual money that exists in the economy isn’t even “real”, it’s virtual and exists only on banks’ balance sheets. Private banks “create money” by lending.
Some initial background, key factors, and issues:
When the gold-standard was removed and the dollar no longer had a physical backing, the lawmakers decided that they didn’t want to legally define “money” (the dollar was previously defined by a weight of gold). Removing the economic strain of having a currency tied to a physical thing wasn’t a bad thing in-and-of itself, as this allowed huge expansions of balance sheets, and thus trade and economic growth. The problem was that the people writing the monetary and fiscal policy didn’t define what “it” was that they are making laws for. How can you create rules for something that neither you, nor anyone, can fully understand as a result of not even having a set definition. This has been the reoccurring and fundamental problem with not just the U.S. monetary and economic system, but the entire global network of trade. (The reason for why this affects other countries is for a set of other underlying factors/issues that I’ll address)
Then, in the 70s and 80s, with the monetary shackle of gold finally removed, we saw the birth of new business/lending practices, accounting tricks, financial vehicles, etc. This was when our current system was essentially started. The whole world wanted to get in on the action, but global trade was encumbered by the slow process of transporting physical currency notes, so the economic world leaders came up with this idea of “globally synchronized growth”. At that point they decided to tie together their economies and removed cash reserve requirements for international lending. Now, all of sudden, global banking was backed by collateral. This, along with increasing accounting trickery, started a convoluted web of currency dispersion. Being the world reserve currency, every nation in the world needed to get their hands on dollars, which caused the explosive inflation rates seen throughout that time. This was a period where the world was ACTUALLY being “flooded with dollars” (we’ll get back to this).
Previously, the Fed’s tool to combat inflation was by controlling the gold storages, so when they decoupled the dollar into a fiat currency, they created the Federal Funds Rate, which in theory gave them control over dollar prices, and for a long time it did. The problem is that they weren’t controlling the Federal Funds Rate. The Fed, through the form of the Federal Open Market Committee, set a Federal Funds Target Rate, but the actual rate (Federal Funds Effective Rate) is just the weighted average of the interest rates on inter-bank lending. The banks themselves price the interest rate when they lend, and the reason the FFR worked was because the banks simply just agreed to use the target rate. Alan Greenspan, who was probably initially shocked when Paul Vlocker told him this, made it famous, as he would make a huge deal about it and go publicly every seven weeks to the bureaucracy to announce “the FFR” and the institutions listened, but to them and everyone else it seemed like the Fed was controlling it, and as a result, the dollar prices.
Now how does this tie into my point?
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Well, if you have followed what I’ve said up to this point, you should’ve started to see why this “lie” is important. As long as the banks think that the Fed was “in control”, then it was a self-fulfilling prophecy, as the effective interest rates followed the target rate and inflation was controlled. IF, though, apprehension appears in the system, it stops working, and that’s exactly what happened in 2007. Financial institutions saw the explosive rise of extremely risky business practices and must’ve considered what had happened just a few years earlier, because banks didn’t want to loosen their lending, and it was apparent in the FFR. In mid-2007, there was a sharp increase in inflation, so on August 7th, Ben Bernanke announced the increase in FFR. But weeks later the FFR hadn’t changed, and the Fed, not understanding why this happened, just shrugged it off and quietly decreased their target rate to match the effective rate. This was a red flag for the bankers, who then decided to start tightening as a result. Later that year though, inflation continued to rise sharply, so an even higher target rate was announced and this time the effective rate didn’t stay the same, it actually decreased, and by a lot. The banking industry was stunned, and suddenly domestic banks stopped lending, which starved international banks of dollars, and as a result they started selling off collateral in the form of US equities, causing the markets to begin drop. The crash though didn’t happen until Bear Stearns failed, because that cemented this distrust throughout everyone in the world.
The thing is, though, and the reason why this is the “most important lie of the last 50 years”, is that the system broke on that fateful day in August 2007, and nothing that anyone has done has even remotely fixed it. The steps taken by other nations (i.e. socialism, populism, yellow jackets, etc.) have made things way worse. Banks no longer trust the system and, despite a few small periods of growth here-and-there, have increasingly tightened lending, thus starving the world of dollars. Along with this, about 80% of global collateral was wiped out in 2008-2009. Since then, this global shortage of dollars and liquidity has been at the heart of every market crash/correction and recession around the world, including the collapse in March.
Our global monetary system is fundamentally broken and, despite what anybody says, it is not fixed, and will not be fixed any time soon. Bond yields have been decreasing consistently for the last 50 years and are now stuck at 0, and in some cases are negative. The system has reached its limits. No amount of QE will “flood the world in dollars” because institutions are hoarding cash because they know how delicate the system is, and the Fed thinks that if they can keep this charade up long enough that maybe it’ll figure itself out, which is why him, Trump, big media, corrupt agencies, etc. are all pumping the market with exuberantly optimistic news and data. This stupidity is the exact thing that the Fed wants. The real joke of it all is that smart financial practices are the downfall of our current global monetary system that was designed to run on ignorantly high-risk business practices.
There’s so much more ridiculousness to any of this than any person could ever tell, but if you want to learn more about this stuff, check out Jeffrey P. Snider, as he’s been researching global banking for 20 years and has been the only person that I’ve found that is either looking into this stuff or actively trying to spread the truth behind it all.
How should you play this on your RobinHood app? Well, look at the S&P500 chart since 2017 and consider what I just told you. Furthermore, consider the insane amount of economic damage the lockdowns have done to an already extremely fragile system.
What you should be thinking to yourself is: “Wow, whenever the market starts looking a little risky there’s a correction, and when it starts looking really risky there’s a crash. Maybe that has something to do with what OP said about institutions hoarding dollars when things look risky, and foreign banks needing dollars sell off US equities because there’s a global collateral shortage. I should probably consider against buying call option contracts or holding over-inflated stock shares when the market is looking like it’s at that point. Oh wait, look, the S&P is at the exact same level that is was during many of the crashes since 2017, and the Nasdaq is at all-time highs.”
Sorry for the rant. Stay safe. Very bumpy ride ahead.
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.


investmentwatchblog--2020-06-25--The US just reported it’s highest #COVID19 daily case count ever.

The US just reported it ’ s highest # COVID19 daily case count ever .
`` Clearly , the re-opening @ @ @ @ @ the country along with other factors like proximity to Mexico , increase in work place @ @ @ @ @ breakouts . ''

The US just reported it’s highest #COVID19 daily case count ever.
twitter.com/DavidInglesTV/status/1276276921177759744
"Clearly, the re-opening has increased transmission broadly across the country along with other factors like proximity to Mexico, increase in work place testing, and specific localized breakouts."
via @HedgeyeDJt.co/BT8guJ2yaP
— Hedgeye (@Hedgeye) June 25, 2020


investmentwatchblog--2020-06-25--Everybody is bullish on Gold. Never a good idea to follow the crowd. I am a Gold bull, but not now.

Everybody is bullish on Gold .
Never a good idea to follow the crowd .
I am a Gold bull @ @ @ @ @ You have a massive stock market bubble with dotcom valuations .
That 's deflationary .
@

Everybody is bullish on Gold. Never a good idea to follow the crowd. I am a Gold bull, but not now. You have a massive stock market bubble with dotcom valuations. That's deflationary. t.co/xi0hjeSkHs
— Hoz (@Hoz94s) June 25, 2020


investmentwatchblog--2020-06-25--[Institutional Hedging] $8.5 Million in SPY PUTS

Someone woke up today and decided to put on their big boy pants and blow just under $ 8.5 million @ @ @ @ @ : This information is only for educational purposes .
Do not make any investment decisions @ @ @ @ @ this article .
Do you own due diligence .

by DavidianTheLesser
Someone woke up today and decided to put on their big boy pants and blow just under $8.5 million on SPY PUTS!
We are primarily funded by readers. Please subscribe and donate to support us!
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.


investmentwatchblog--2020-06-25--Global Depression Worse Than 1930

Global Depression Worse Than 1930

Here Are The States Goldman Thinks Will Be Forced To Reverse Opening Plans t.co/yqbfmu80MH Boj Gov Kuroda : Japan ’ @ @ @ @ @ Remain In Severe Situation For The Time Being

Here Are The States Goldman Thinks Will Be Forced To Reverse Opening Plans t.co/yqbfmu80MH
Boj Gov Kuroda: Japan’s Economy Is Likely To Remain In Severe Situation For The Time Being
— LiveSquawk (@LiveSquawk) June 25, 2020


investmentwatchblog--2020-06-25--US capitalism has been shattered. The coronavirus response is paving a path to government control of

US capitalism has been shattered. The coronavirus response is paving a path to government control of the economy. Speculators are eyeing potential downsides in the Greenback and hedging their USD exposure

The coronavirus response is paving a path to government control of the economy t.co/MzsvmjKkNR @ FT # Stimulus # credit @ @ @ @ @ centralbanks # investor ht @ GregDaco @ SoberLook t.co/tdOFSIsQpp pic.twitter.com/3kepS26DIV US capitalism has been shattered @ @ @ @ @ the US Dollar… or are they ?
Speculators are eyeing potential downsides in the Greenback @ @ @ @ @ , non-commercial short positions have overtaken long positions .
Spec long open interest at its @ @ @ @ @ pic.twitter.com/OkAwvJ2pIO

The coronavirus response is paving a path to government control of the economy t.co/MzsvmjKkNR @FT #Stimulus #credit #coronavirus #fed #centralbanks #investor ht @GregDaco @SoberLook t.co/tdOFSIsQpp pic.twitter.com/3kepS26DIV
US capitalism has been shattered
Not all signs bullish for the US Dollar… or are they?
Speculators are eyeing potential downsides in the Greenback and hedging their USD exposure, non-commercial short positions have overtaken long positions.
Spec long open interest at its lowest point since Sept 15/09 pic.twitter.com/OkAwvJ2pIO
— Katusa Research (@KatusaResearch) June 25, 2020


investmentwatchblog--2020-06-25--The Chinese Communist Party is silencing free expression in Hong Kong.

The Chinese Communist Party is silencing free expression in Hong Kong .
Today , the US Senate affirmed the # @ @ @ @ @ security law would violate Beijing ’ s commitment to grant HK autonomy .
All free @ @ @ @ @ people of Hong Kong .
pic.twitter.com/sIaPXSR5SK

The Chinese Communist Party is silencing free expression in Hong Kong.
Today, the US Senate affirmed the #CCP’s HK national security law would violate Beijing’s commitment to grant HK autonomy.
All free nations must stand with the people of Hong Kong. pic.twitter.com/sIaPXSR5SK
— Sen. Marsha Blackburn (@MarshaBlackburn) June 25, 2020


investmentwatchblog--2020-06-25--Wirecard AG files for insolvency

Wirecard AG files for insolvency

25-Jun-2020 / 10:27 CET/CEST Disclosure of an inside information acc .
to Article 17 MAR of the Regulation ( EU @ @ @ @ @ by DGAP – a service of EQS Group AG .
The issuer is solely responsible @ @ @ @ @ announcement .
Aschheim , June 25 , 2020 : The management board of Wirecard AG @ @ @ @ @ an application for the opening of insolvency proceedings for Wirecard AG with the competent district @ @ @ @ @ München ) due to impending insolvency and over-indebtedness .
It is currently evaluated whether insolvency @ @ @ @ @ for subsidiaries of Wirecard Group .

ir.wirecard.com/websites/wirecard/English/5110/news-detail.html?newsID=1988247&fromID=1000
Wirecard AG: Application for opening of insolvency proceedings
25-Jun-2020 / 10:27 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
Aschheim, June 25, 2020: The management board of Wirecard AG has decided today to file an application for the opening of insolvency proceedings for Wirecard AG with the competent district court of Munich (Amtsgericht München) due to impending insolvency and over-indebtedness.
It is currently evaluated whether insolvency applications have to be filed for subsidiaries of Wirecard Group.


investmentwatchblog--2020-06-25--78% of fund managers say the market is overvalued. Smart money is now considered as dumb money.

78% of fund managers say the market is overvalued via @WinfieldSmart pic.twitter.com/q9C5psf5Ev — Steve Burns (@SJosephBurns) June 25, 2020
Hedge funds & investors don’t trust the Ponzi scheme Smart money is now considered as dumb money pic.twitter.com/p1EzxVrsz9 — Alessio Urban (@AlessioUrban) June 25, 2020
Investors are demanding the least extra yield to own energy junk bonds vs the broader high-yield debt market since early February. pic.twitter.com/Xo83CtAzwl — Lisa Abramowicz (@lisaabramowicz1) June 25, 2020
The volume of world trade plunged a staggering 12.1% in April. On an annualized basis, it has now fallen by >$2tn in just 1 month, with no V-shaped rebound in sight t.co/sGUajuZI7O pic.twitter.com/8SQtz8BxOD — Holger Zschaepitz (@Schuldensuehner) June 25, 2020
Impossible to Sugarcoat Disastrous Unemployment Claims Initial claims rose by 1.48 million but continued claims at 19.52 million tell the real story. The economy is on life support of $600 federal unemployment checks.t.co/wXDCEo3a1j — Mike "Mish" Shedlock (@MishGEA) June 25, 2020


investmentwatchblog--2020-06-25--The Importance Of Where And What

The Importance Of Where And What

This is another piece I received today from Bruce Wilds , a US Midwest business owner I earlier featured an article from two months ago .
There are plenty issues I have issues with here , but I ’ m not going to stand in the way of the US midwest being heard as it hurts the way it does .
I mean , I ’ m in Athens Greece .
The US Midwesterners are definitely not .
I am most willing to cede the stage .
Update : I see Bruce has gotten this piece on ZeroHedge too .
@ @ @ @ @ @ @ piece 2 months ago .
So be it .
I ’ m still supportive .
The US midwest will resemble a warzone .
And , you know , it lends an extra dimension to “ the importance of where and what ” , which in Bruce ’ s original headline read “ The Importance Of Where And What Consumers Buy ” .
Headlins , they ain ’ t kids ’ play .
Bruce Wilds : How people spend their money has more impact on the economy than most people realize .
What consumers @ @ @ @ @ @ @ looking at the policies flowing out of Washington it is clear many politicians seem to have no idea that all consumer spending and purchases are not created equal .
Certain purchases result in money bouncing around a community sparking future economic growth which enriches everyone .
Other purchases simply give the money wings allowing it to exit not only the community but often the country .
Many economists point to the consumer as being the lynch-pin to our economy .
Given that retail sales make up roughly 40 % of personal consumption expenditures @ @ @ @ @ @ @ of our GDP , their impact on the economy is important .
These numbers , however , only tell a small part of the story .
Sadly , because of economic laziness or ignorance , this is where the link between how and where money is spent gets lost in the noise .
Ironically while President Trump decries our trade deficit he seems unable to put one and one together and understand it is shortsighted consumers driving the deficit .
A detailed breakdown of how people receiving a stimulus check would provide a @ @ @ @ @ @ @ of individual Americans .
It would also be very interesting to randomly delve deep into the finances of a few hundred Americans and learn the truth about where we stand .
By deep , I mean looking at where they get their income , debt , total obligations , savings , retirement plans , net worth , the whole caboodle .
This kind of deep economic discovery has never been done to my knowledge but instead , we tend to garner our information from superficial polls .
An article that appeared on Real @ @ @ @ @ @ @ the bounce we just saw in retail sales at a time many consumers are tapped out .
Robert wrote you should “ never count the consumer out , ” as they always find a way to go further into debt because psychologically , consumers are “ trained ” to “ shop till they drop.
” He claims that as long as individuals have a paycheck ; they will spend it .
Give them a tax refund ; they will spend it .
Issue them a credit card ; they will max it out @ @ @ @ @ @ @ ; they will spend it as well .
Don ’ t believe me , then why is consumer debt at record levels ?
The fact is , consumers should take a long look at how their purchases will impact the economy over time .
Robert makes the point that most consumers will spend if they have or can borrow the money .
Taking this to the next level , few people realize what is registered as growth does not necessarily transfer into economic strength .
This point is something that has been covered @ @ @ @ @ @ @ in articles such as , Healthcare Spending Wrongly Feeds Our GDP , and Economic Growth Does Not Equal Economic Strength .
The following examples highlight this matter .
Just for fun imagine the money allowing for these purchases is flowing from the recent 2.3 trillion dollar CARES Act .
• Consumer one decides to put a new roof put on his home .
This includes tear off and re-shingling .
This labor-intense job pays a lot of local workers from those delivering and hauling away the old roof to those selling the shingles @ @ @ @ @ @ @ some folks at the local landfill .
As a bonus , the shingles are made here in America .
Putting even more ceiling on the cake is that it improves not only his property but raises values in his neighborhood enriching those living nearby .
• Consumer two uses their money as a down payment on a new Hyundai .
The Hyundai Motor Company is a South Korean multinational automotive manufacturer headquartered in Seoul .
Hyundai builds the vast majority of its vehicles at its plant in Ulsan , South Korea .
It @ @ @ @ @ @ @ with one in Mexico and a plant in Alabama .
When I tried to research how likely the car was to be made here I hit a wall .
One thing for certain is that it is packed full of South Korean parts and with each sale a bunch of dollars heads overseas .
• In the final example consumer three slaps , small businesses , brick and mortar retailers , and the 30 million-plus Americans recently unemployed in the face .
His online purchase from Amazon of products made in China and @ @ @ @ @ @ @ state .
Just like in the case of consumer two a bunch of the money heads overseas but real disaster for the community is absolutely none of the money stays there .
This sets the area up for a new wave of store closings , prolonged unemployment , and declining real estate prices .
Many of our economic problems stem from the many consumers out there making poor decisions .
This includes things such as paying too much for a car they can not afford or maintain.These automobiles generally do not last long @ @ @ @ @ @ @ .
The least responsible consumers tend not to fulfill obligations due but to take on new debt and squander every penny they can lay their hands on .
Online shopping and companies such as Amazon are like heroin to an addict when it comes to promoting spending that destroys real economic strength .
Those people that have chosen to skip paying the essentials such as home mortgages and rent will most likely come to regret it as they are hit with penalties and their actions come back to haunt them .
The elephant @ @ @ @ @ @ @ growing the economy is how “ the broken window theory ” is spun and interpreted .
The gist of this theory is that if a hooligan breaks the window of a bakery , the subsequent repair expenditures by the baker will have no net benefits for the economy .
Interestingly , it is not uncommon to see destruction touted as a good thing because it promotes spending .
The idea destruction is good based on this reasoning discounts several facts .
One has to do with where the money is coming from but @ @ @ @ @ @ @ or the baker it still means the money is diverted from being used on another purchase .
Repairing a broken window is maintenance spending which doesn ’ t improve growth because it doesn ’ t improve productivity ; it would have occurred anyway .
The only thing a broken window does is it makes the maintenance spending occur earlier , lowering the use life of the window .
While maintenance spending may keep the economy going it doesn ’ t provide a boost .
Instead , it is better to invest the money @ @ @ @ @ @ @ productivity .
Many people and even economists have real misconceptions as to how the economy works .
Where money flows and who it enriches is a key component of economics , the failure to consider this is a blind spot many people have .
After years of being told everything revolves around spending , this diminishes the important role savings plays in the scheme of a balanced economy .
Fans of Keynesian economics that encourage government spending to stabilize the economy during a downturn tend to discount the importance that where and how @ @ @ @ @ @ @ .
We try to run the Automatic Earth on donations .
Since their revenue has collapsed , ads no longer pay for all you read , and your support is now an integral part of the interaction .

by Raúl Ilargi Meijer
Paul Gauguin Tahitian scene 1892
This is another piece I received today from Bruce Wilds, a US Midwest business owner I earlier featured an article from two months ago. There are plenty issues I have issues with here, but I’m not going to stand in the way of the US midwest being heard as it hurts the way it does. I mean, I’m in Athens Greece. The US Midwesterners are definitely not. I am most willing to cede the stage.
Update: I see Bruce has gotten this piece on ZeroHedge too. Which happened only because I published his piece 2 months ago. So be it. I’m still supportive. The US midwest will resemble a warzone. And, you know, it lends an extra dimension to “the importance of where and what”, which in Bruce’s original headline read “The Importance Of Where And What Consumers Buy”. Headlins, they ain’t kids’ play.
Bruce Wilds: How people spend their money has more impact on the economy than most people realize. What consumers buy matters a great deal. When looking at the policies flowing out of Washington it is clear many politicians seem to have no idea that all consumer spending and purchases are not created equal. Certain purchases result in money bouncing around a community sparking future economic growth which enriches everyone. Other purchases simply give the money wings allowing it to exit not only the community but often the country.
Many economists point to the consumer as being the lynch-pin to our economy. Given that retail sales make up roughly 40% of personal consumption expenditures which in turn comprise roughly 70% of our GDP, their impact on the economy is important. These numbers, however, only tell a small part of the story. Sadly, because of economic laziness or ignorance, this is where the link between how and where money is spent gets lost in the noise. Ironically while President Trump decries our trade deficit he seems unable to put one and one together and understand it is shortsighted consumers driving the deficit.
A detailed breakdown of how people receiving a stimulus check would provide a great deal of information about the finances of individual Americans. It would also be very interesting to randomly delve deep into the finances of a few hundred Americans and learn the truth about where we stand. By deep, I mean looking at where they get their income, debt, total obligations, savings, retirement plans, net worth, the whole caboodle. This kind of deep economic discovery has never been done to my knowledge but instead, we tend to garner our information from superficial polls.
An article that appeared on Real Investment Advice took a shot at explaining the bounce we just saw in retail sales at a time many consumers are tapped out. Robert wrote you should “never count the consumer out,” as they always find a way to go further into debt because psychologically, consumers are “trained” to “shop till they drop.” He claims that as long as individuals have a paycheck; they will spend it. Give them a tax refund; they will spend it. Issue them a credit card; they will max it out. Give them a government stimulus check; they will spend it as well. Don’t believe me, then why is consumer debt at record levels?
The fact is, consumers should take a long look at how their purchases will impact the economy over time. Robert makes the point that most consumers will spend if they have or can borrow the money. Taking this to the next level, few people realize what is registered as growth does not necessarily transfer into economic strength. This point is something that has been covered time and time again on this blog in articles such as, Healthcare Spending Wrongly Feeds Our GDP, and Economic Growth Does Not Equal Economic Strength.
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The following examples highlight this matter. Just for fun imagine the money allowing for these purchases is flowing from the recent 2.3 trillion dollar CARES Act.
Consumer one decides to put a new roof put on his home. This includes tear off and re-shingling. This labor-intense job pays a lot of local workers from those delivering and hauling away the old roof to those selling the shingles, those installing them, and even some folks at the local landfill. As a bonus, the shingles are made here in America. Putting even more ceiling on the cake is that it improves not only his property but raises values in his neighborhood enriching those living nearby.
Consumer two uses their money as a down payment on a new Hyundai. The Hyundai Motor Company is a South Korean multinational automotive manufacturer headquartered in Seoul. Hyundai builds the vast majority of its vehicles at its plant in Ulsan, South Korea. It also operates plants all over the world with one in Mexico and a plant in Alabama. When I tried to research how likely the car was to be made here I hit a wall. One thing for certain is that it is packed full of South Korean parts and with each sale a bunch of dollars heads overseas.
In the final example consumer three slaps, small businesses, brick and mortar retailers, and the 30 million-plus Americans recently unemployed in the face. His online purchase from Amazon of products made in China and shipped from a facility located in another state. Just like in the case of consumer two a bunch of the money heads overseas but real disaster for the community is absolutely none of the money stays there. This sets the area up for a new wave of store closings, prolonged unemployment, and declining real estate prices.
And It’s Gone!
Many of our economic problems stem from the many consumers out there making poor decisions. This includes things such as paying too much for a car they cannot afford or maintain.These automobiles generally do not last long and often get put on a hook. The least responsible consumers tend not to fulfill obligations due but to take on new debt and squander every penny they can lay their hands on. Online shopping and companies such as Amazon are like heroin to an addict when it comes to promoting spending that destroys real economic strength.
Those people that have chosen to skip paying the essentials such as home mortgages and rent will most likely come to regret it as they are hit with penalties and their actions come back to haunt them. The elephant in the room when it comes to growing the economy is how “the broken window theory” is spun and interpreted. The gist of this theory is that if a hooligan breaks the window of a bakery, the subsequent repair expenditures by the baker will have no net benefits for the economy. Interestingly, it is not uncommon to see destruction touted as a good thing because it promotes spending. The idea destruction is good based on this reasoning discounts several facts.
One has to do with where the money is coming from but whether it is from an insurance company or the baker it still means the money is diverted from being used on another purchase. Repairing a broken window is maintenance spending which doesn’t improve growth because it doesn’t improve productivity; it would have occurred anyway. The only thing a broken window does is it makes the maintenance spending occur earlier, lowering the use life of the window. While maintenance spending may keep the economy going it doesn’t provide a boost. Instead, it is better to invest the money in something which creates wealth by increasing productivity.
Many people and even economists have real misconceptions as to how the economy works. Where money flows and who it enriches is a key component of economics, the failure to consider this is a blind spot many people have. After years of being told everything revolves around spending, this diminishes the important role savings plays in the scheme of a balanced economy. Fans of Keynesian economics that encourage government spending to stabilize the economy during a downturn tend to discount the importance that where and how money is spent matters a great deal.
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investmentwatchblog--2020-06-25--Global Insolvency, Worldwide Insanity with George Gammon

George Gammon is back… There ’ s an old saying that when you ’ ve dug yourself a hole , @ @ @ @ @ why we ’ ll probably get more inflation and why the dollar could go down @ @ @ @ @ George also explained the GTA ( General Treasury Account ) and why there ’ s @ @ @ @ @ there .
Eventually , we ’ re going to a US crypto dollar .
Right @ @ @ @ @ the supply chain decreasing and the supply chain is supplying less goods and that ’ @ @ @ @ @ consumer prices .
There ’ s lots more great stuff here .
Click Here to @ @ @ @

from Financial Survival Network
George Gammon is back… There’s an old saying that when you’ve dug yourself a hole, stop digging. George explains why we’ll probably get more inflation and why the dollar could go down on the DXY index. George also explained the GTA (General Treasury Account) and why there’s $1.6 trillion dollars sitting there. Eventually, we’re going to a US crypto dollar. Right now we’re seeing the supply chain decreasing and the supply chain is supplying less goods and that’s a recipe for higher consumer prices. There’s lots more great stuff here.
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Click Here to Listen to the Audio


investmentwatchblog--2020-06-25--“World’s largest medical complex” in Texas is running out of ICU beds due to the coronavirus

( Natural News ) A Houston hospital that has been called the largest medical complex in the world has stated that it is running out of intensive-care beds in the face of a resurgence of Wuhan coronavirus ( COVID-19 ) infections in the state .
The Texas Medical Center ( TMC ) announced Tuesday that 97 percent of its intensive-care unit ( ICU ) beds are now occupied – much higher than the 70 to 80 percent occupancy TMC normally sees .
Of those , 27 percent are due to COVID-19 .
Sitting in south-central Houston , the TMC is @ @ @ @ @ @ @ over sixty medical institutions under the banner of the nonprofit Texas Medical Corporation .
It employs over 106,000 people , hosts 10 million patient encounters annually , and has a gross domestic product of $ 25 billion .
In terms of capacity , TMC offers over 9,200 patient beds , 1,330 of which are for intensive-care .
As of reporting time , data from the TMC shows that 1,298 ICU beds are now occupied , 362 of which are by COVID-19 patients .
If the situation escalates further , the medical center can @ @ @ @ @ @ @ , to a point .
According to the TMC ’ s own data , an additional 373 patients would still be considered a sustainable surge .
However , a further increase of 504 intensive-care patients on top of that would be considered unsustainable .
TMC ’ s own projections show that , based on the average daily increase in ICU patients from the past seven days , ICU occupancy will exceed unsustainable surge capacity on July 6 .
Other hospitals in the area are also facing intensive-care shortages TMC ’ s projection comes @ @ @ @ @ @ @ surrounding Harris County struggle to find enough beds for COVID-19 patients .
A projection by Harris County Judge Lina Hidalgo ’ s office has stated that the county will run out of ICU beds in 38 days .
( Related : Texas coronavirus numbers hit record levels as hospitals run out of space . )
The shortage of beds is affecting hospitals ’ ability to treat both COVID-19 and non-COVID-19 patients alike .
“ We appear to be nearing the tipping point , ” stated Dr. Marc Boom , head of the Houston @ @ @ @ @ @ @ number of new cases grow too rapidly , it will eventually challenge our ability to treat both COVID-19 and non-COVID 19 patients.
” Abbott looking to implement hospital restrictions to ensure bed space Houston ’ s hospital systems aren ’ t the only ones in Texas buckling under the strain of the pandemic .
On Wednesday , Texas Gov .
Greg Abbott said that the state as a whole is facing a “ massive outbreak ” of the coronavirus .
“ There is a massive outbreak of COVID-19 across the state of Texas @ @ @ @ @ @ @ with KFDA-TV .
Abbott , who aggressively pushed for the state to reopen its economy in May , said that state officials were carefully watching hospital capacity .
Back in March , Abbott issued a since-rescinded ban on nonessential surgeries to help ensure hospitals did not get overwhelmed .
As new COVID-19 cases continue to rise , Abbott is now looking at the possibility of new restrictions on hospitals , including some targetted on specific localities , to ensure ample bed space .
“ We are looking at greater restrictions and some could @ @ @ @ @ @ @ .
“ There are some regions in the state of Texas that are running tight on hospital capacity that may necessitate a localized strategy to make sure that hospital beds will be available.
” Even as he considers the possibility of new restrictions , Abbott said in a separate interview with KDFM-TV that he has been assured by hospital executives that their facilities will be able to handle the rising number of patients .
“ If there are more people coming in with COVID-19 , they will ensure that beds are available , @ @ @ @

by Franz Walker via Natural News
(Natural News) A Houston hospital that has been called the largest medical complex in the world has stated that it is running out of intensive-care beds in the face of a resurgence of Wuhan coronavirus (COVID-19) infections in the state.
The Texas Medical Center (TMC) announced Tuesday that 97 percent of its intensive-care unit (ICU) beds are now occupied – much higher than the 70 to 80 percent occupancy TMC normally sees. Of those, 27 percent are due to COVID-19.
ICU occupancy to reach unsustainable levels soon
Sitting in south-central Houston, the TMC is a 2.1 square mile medical district hosting over sixty medical institutions under the banner of the nonprofit Texas Medical Corporation. It employs over 106,000 people, hosts 10 million patient encounters annually, and has a gross domestic product of $25 billion.
In terms of capacity, TMC offers over 9,200 patient beds, 1,330 of which are for intensive-care. As of reporting time, data from the TMC shows that 1,298 ICU beds are now occupied, 362 of which are by COVID-19 patients.
If the situation escalates further, the medical center can increase the number of ICU beds available, to a point. According to the TMC’s own data, an additional 373 patients would still be considered a sustainable surge. However, a further increase of 504 intensive-care patients on top of that would be considered unsustainable.
TMC’s own projections show that, based on the average daily increase in ICU patients from the past seven days, ICU occupancy will exceed unsustainable surge capacity on July 6.
Other hospitals in the area are also facing intensive-care shortages
TMC’s projection comes as hospitals within the city and the surrounding Harris County struggle to find enough beds for COVID-19 patients. A projection by Harris County Judge Lina Hidalgo’s office has stated that the county will run out of ICU beds in 38 days. (Related: Texas coronavirus numbers hit record levels as hospitals run out of space.)
The shortage of beds is affecting hospitals’ ability to treat both COVID-19 and non-COVID-19 patients alike.
“We appear to be nearing the tipping point,” stated Dr. Marc Boom, head of the Houston Methodist hospital system. “Should the number of new cases grow too rapidly, it will eventually challenge our ability to treat both COVID-19 and non-COVID 19 patients.”
Abbott looking to implement hospital restrictions to ensure bed space
Houston’s hospital systems aren’t the only ones in Texas buckling under the strain of the pandemic. On Wednesday, Texas Gov. Greg Abbott said that the state as a whole is facing a “massive outbreak” of the coronavirus.
“There is a massive outbreak of COVID-19 across the state of Texas,” Abbott said in an interview with KFDA-TV.
We are primarily funded by readers. Please subscribe and donate to support us!
Abbott, who aggressively pushed for the state to reopen its economy in May, said that state officials were carefully watching hospital capacity.
Back in March, Abbott issued a since-rescinded ban on nonessential surgeries to help ensure hospitals did not get overwhelmed. As new COVID-19 cases continue to rise, Abbott is now looking at the possibility of new restrictions on hospitals, including some targetted on specific localities, to ensure ample bed space.
“We are looking at greater restrictions and some could be localized,” Abbott said Wednesday. “There are some regions in the state of Texas that are running tight on hospital capacity that may necessitate a localized strategy to make sure that hospital beds will be available.”
Even as he considers the possibility of new restrictions, Abbott said in a separate interview with KDFM-TV that he has been assured by hospital executives that their facilities will be able to handle the rising number of patients.
“If there are more people coming in with COVID-19, they will ensure that beds are available,” Abbott said.
Sources include:
DailyMail.co.uk
TMC.edu 1
TMC.edu 2
Bloomberg.com
HoustonChronicle.com


investmentwatchblog--2020-06-25--CAMBODIA: Leech Swims Up Penis, Drinks A Pint Of Blood Before Extraction

Leech swims up man ’ s penis , drinks pint of blood before docs pull it out Doctors in Cambodia @ @ @ @ @ , in wince-worthy fashion , had entered an elderly man ’ s penis while he @ @ @ @ @ full pint of blood .
The unnamed patient first knew something was awry after experiencing @ @ @ @ @ use the bathroom , reports Viral Press .
He wound up at a hospital in @ @ @ @ @ tiny camera was inserted into his penis , which revealed the culprit to be a @ @ @ @ @ told doctors that he went swimming in a river earlier that day , leading them @ @ @ @ @ parasite had swum up his urethra and into his bladder .
Indeed , the hospital @ @ @ @ @ that “ the waters are rich with leeches and other insects during the rainy season @ @

Leech swims up man’s penis, drinks pint of blood before docs pull it out
Doctors in Cambodia recently removed a leech that, in wince-worthy fashion, had entered an elderly man’s penis while he was swimming and drank a full pint of blood.
The unnamed patient first knew something was awry after experiencing severe pain while trying to use the bathroom, reports Viral Press. He wound up at a hospital in Phnom Penh, where a tiny camera was inserted into his penis, which revealed the culprit to be a leech.
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The poor soul told doctors that he went swimming in a river earlier that day, leading them to deduce that the privacy-violating parasite had swum up his urethra and into his bladder. Indeed, the hospital warned locals in a statement that “the waters are rich with leeches and other insects during the rainy season.”
nypost.com/2020/06/24/leech-swims-up-mans-penis-drinks-pint-of-blood-before-docs-pull-it-out/


investmentwatchblog--2020-06-25--Mass Store Closures and the Economic Ripple Effect! IMF Warns Collapse Worse Than Feared

Before 2020 , we were watching massive monetary intervention for what they told us was no reason really , just @ @ @ @ @ Repo Crisis is still going on today but it ’ s old news so nobody @ @ @ @ @ lack of clicks and views .
Fast forward to 2020 and we have witnessed a @ @ @ @ @ economy at a rate not seen in a hundred years .
And their response ?
@ @ @ @ @ money .
Oh that ’ s not a good sign .
The Fed said it @ @ @ @ @ $ 2.3 trillion .
It hasn ’ t come close so far IMF says global @ @ @ @ @ will be even worse than feared – The Hour WTO | 2020 Press Releases – @ @ @ @ @ half of 2020 – Press/858 The Second Great Depression – The Atlantic U.S .
Targets @ @ @ @ @ and U.K. Imports for New Tariffs – Bloomberg

Before 2020, we were watching massive monetary intervention for what they told us was no reason really, just a technical adjustment. The Repo Crisis is still going on today but it’s old news so nobody dares to cover it for lack of clicks and views. Fast forward to 2020 and we have witnessed a huge decline in the global economy at a rate not seen in a hundred years. And their response? We need to print more money. Oh that’s not a good sign.
The Fed said it could supply the economy with $2.3 trillion. It hasn’t come close so far
www.cnbc.com/2020/06/24/the-fed-said-it-could-supply-the-economy-with-2point3-trillion-it-hasnt-come-close-so-far.html
IMF: global economy to contract with coronavirus recovery slow
www.cnbc.com/2020/06/24/imf-global-economy-to-contract-with-coronavirus-recovery-slow.html
IMF says global economic collapse caused by coronavirus will be even worse than feared – The Hour
www.thehour.com/business/article/IMF-says-global-economic-collapse-caused-by-15362593.php
IMF Global Recession Outlook: 2020 GDP Shrink 4.9% on Coronavirus – Bloomberg
www.bloomberg.com/news/articles/2020-06-24/imf-forecasts-deeper-global-recession-from-growing-virus-threat
WTO | 2020 Press Releases – Trade falls steeply in first half of 2020 – Press/858
www.wto.org/english/news_e/pres20_e/pr858_e.htm
Austria’s 100-Year Bond Pays 0.88% Interest. That’s Normal Now – Bloomberg
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www.bloomberg.com/opinion/articles/2020-06-24/austria-100-year-bond-pays-less-than-1-interest-it-s-normal-now
The Second Great Depression – The Atlantic
www.theatlantic.com/ideas/archive/2020/06/second-great-depression/613360/
Fitch Downgrades Canada’s Ratings to ‘AA+’; Outlook Stable
www.fitchratings.com/research/sovereigns/fitch-downgrades-canada-ratings-to-aa-outlook-stable-24-06-2020
GNC Accelerates Store Optimization and Growth Strategies | GNC Holdings, Inc.
gnc.gcs-web.com/news-releases/news-release-details/gnc-accelerates-store-optimization-and-growth-strategies
NYC Considers 22,000 Job Cuts to Save $1 Billion, Mayor Says – Bloomberg
www.bloomberg.com/news/articles/2020-06-24/nyc-considers-22-000-layoffs-to-save-1-billion-de-blasio-says?utm_medium=social&cmpid=socialflow-twitter-business&utm_campaign=socialflow-organic&utm_content=business&utm_source=twitter
U.S. Targets $3.1 Billion of EU and U.K. Imports for New Tariffs – Bloomberg
www.bloomberg.com/news/articles/2020-06-24/u-s-targets-3-1-billion-of-eu-u-k-imports-for-new-tariffs


investmentwatchblog--2020-06-25--IT HAPPENED—Government Used COVID TO Forcibly Separate Families—This Is No Joke!

Today in dependency court maddness , LA County Dept .
of Children and Family Services ( DCFS ) recommended that @ @

Today in dependency court maddness, LA County Dept. of Children and Family Services (DCFS) recommended that the court…
Posted by Christopher Arash on Friday, June 12, 2020


investmentwatchblog--2020-06-25--EXTORTION: Pepsi, HP, Doritos, Paypal, Adobe and BMW Pull Ads From FaceBook Until They Ban Trump

Far Left Companies – Pepsi , HP , Doritos , Paypal , Adobe , BMW – Pull Ads from Facebook @ @ @ @ @ and President Trump ’ s Posts Several far left companies including : Pepsi , HP @ @ @ @ @ Adobe and BMW , pulled their ads from Facebook until they ban posts frrom US @ @ @ @ @ companies are only concerned about banning conservative voices .
You can bet that radical leftists @ @ @ @ @ burning cities and destroying statues are safe with these companies .

Far Left Companies – Pepsi, HP, Doritos, Paypal, Adobe, BMW – Pull Ads from Facebook Until they Ban Conservative Voices and President Trump’s Posts
Several far left companies including: Pepsi, HP, Doritos, Paypal, Adobe and BMW, pulled their ads from Facebook until they ban posts frrom US President Donald Trump.
The companies are only concerned about banning conservative voices.
We are primarily funded by readers. Please subscribe and donate to support us!
You can bet that radical leftists and violent anarchists who are burning cities and destroying statues are safe with these companies.
www.thegatewaypundit.com/2020/06/far-left-companies-pepsi-hp-doritos-paypal-adobe-bmw-pull-ads-facebook-ban-conservative-voices-president-trumps-posts/?utm_source=Twitter&utm_medium=PostTopSharingButtons&utm_campaign=websitesharingbuttons
h/t CrsCrpr


investmentwatchblog--2020-06-25--ANTIFA: Stop Posting Pictures And Video Of Us Committing Crime — It’s Dangerous For Us

This Antifa FREAK wants you to stop posting pictures & videos of them committing crimes because it ’ s endangering @ @ @ @ @ can ’ t make this UP !
!
Let ’ s make her FAMOUS !
@ @ @ @ @ The Black Lives Matter Movement is the Enemy of African-Americans

Michelle 6.0 HONORING OUR BLUE EVERY DAY!
@TrumpRulzz
This Antifa FREAK wants you to stop posting pictures & videos of them committing crimes because it’s endangering their lives!
Omg you can’t make this UP!! Let’s make her FAMOUS!!
We are primarily funded by readers. Please subscribe and donate to support us!
This Antifa FREAK wants you to stop posting pictures & videos of them committing crimes because it's endangering their lives! Omg you can't make this UP!! Let's make her FAMOUS!!🙌🤣🤣🤣 pic.twitter.com/jZjrsnqCSq — 𝑴𝒊𝒄𝒉𝒆𝒍𝒍𝒆 6.0 HONORING OUR BLUE EVERY DAY! (@TrumpRulzz) June 25, 2020
archive.is/wip/9d21q
Stating the Obvious – The Black Lives Matter Movement is the Enemy of African-Americans
h/t CrsCrpr


investmentwatchblog--2020-06-25--Mystery Still Surrounds the Whereabouts of Tom Hanks. Also Jimmy Kimmel Curiously Announces a Break

Mystery Still Surrounds the Whereabouts of Tom Hanks. Also Jimmy Kimmel Curiously Announces a Break from the Spotlight

What is going on with Tom and his wife Rita ?
They ’ ve been cryptically distant on social media @ @ @ @ @ hasn ’ t returned to her own show .
Brother Kimmel is stepping away .
@ @ @ @ @ these celebs ?
?

What is going on with Tom and his wife Rita? They’ve been cryptically distant on social media in recent times. Ellen hasn’t returned to her own show. Brother Kimmel is stepping away. What is going on with these celebs??
We are primarily funded by readers. Please subscribe and donate to support us!
AC


investmentwatchblog--2020-06-25--Texan Oil Companies Forced To Keep Staff Home As Second Wave Hits

Amid record-breaking additions to the new Covid-19 case count in Texas , oil companies in the state have suspended plans to return staff to offices , Reuters reports .
Health officials in the state reported a record-high number of newly diagnosed cases yesterday , at 5,551 , with another 4,389 people hospitalized with the viral disease–also a record number .
In light of this new data , Texas Governor Greg Abbott warned that the state is facing a “ massive outbreak ” , and some restrictions may need to be implemented to slow the spread of the virus .
Abbott @ @ @ @ @ @ @ quick reopening of states after the lockdown .
“ There are some regions in the state of Texas that are running tight on hospital capacity that may necessitate a localized strategy to make sure that hospital beds will be available , ” Governor Abbott said .
“ We are looking at greater restrictions and some could be localized , ” he also said , as quoted by local media .
The reopening in Texas started on May 1 and was planned in several phases .
Businesses , too , returned to work in @ @ @ @ @ @ @ delayed , with Halliburton saying it will delay its planned return of staff to offices by two weeks , while Chevron has delayed the staff ’ s return to work until further notice .
Only a small number of Chevron ’ s staff work at its offices in Houston and San Ramon , Reuters reported .
Exxon has not yet revised its return-to-work plans , with less than 50 percent of staff to work at its Houston-area offices .
ConocoPhillips has also not yet made changes to its plans but will make them @ @ @ @ @ @ @ who spoke to Reuters .
The Texas oil industry shed a record 26,300 jobs in April alone , at the height of the pandemic-caused crisis , leaving about 192,600 people employed in the industry , which , the Houston Chronicle said , was the lowest employment number in Texas oil and gas since 2016 , at the height of the previous oil price crisis .

By Irina Slav
Amid record-breaking additions to the new Covid-19 case count in Texas, oil companies in the state have suspended plans to return staff to offices, Reuters reports.
Health officials in the state reported a record-high number of newly diagnosed cases yesterday, at 5,551, with another 4,389 people hospitalized with the viral disease–also a record number.
In light of this new data, Texas Governor Greg Abbott warned that the state is facing a “massive outbreak”, and some restrictions may need to be implemented to slow the spread of the virus. Abbott was among the governors pushing for a quick reopening of states after the lockdown.
“There are some regions in the state of Texas that are running tight on hospital capacity that may necessitate a localized strategy to make sure that hospital beds will be available,” Governor Abbott said.
“We are looking at greater restrictions and some could be localized,” he also said, as quoted by local media.
We are primarily funded by readers. Please subscribe and donate to support us!
The reopening in Texas started on May 1 and was planned in several phases. Businesses, too, returned to work in phases. These phases have now been delayed, with Halliburton saying it will delay its planned return of staff to offices by two weeks, while Chevron has delayed the staff’s return to work until further notice. Only a small number of Chevron’s staff work at its offices in Houston and San Ramon, Reuters reported.
Exxon has not yet revised its return-to-work plans, with less than 50 percent of staff to work at its Houston-area offices.
ConocoPhillips has also not yet made changes to its plans but will make them if necessary, according to a spokesperson who spoke to Reuters.
The Texas oil industry shed a record 26,300 jobs in April alone, at the height of the pandemic-caused crisis, leaving about 192,600 people employed in the industry, which, the Houston Chronicle said, was the lowest employment number in Texas oil and gas since 2016, at the height of the previous oil price crisis.
By Irina Slav for Oilprice.com


investmentwatchblog--2020-06-25--CHOP announce plans to disband autonomous zone in Seattle, ask their “revolutionaries” TO VOTE FOR J

CHOP announce plans to disband autonomous zone in Seattle, ask their “revolutionaries” TO VOTE FOR JOE BIDEN

These CHOP and BLM revolutionaries are now urging their supporters to vote for the same establishment that has killed millions @ @ @ @ @ middle east over the past 50 years .
Can ’ t make this shit up @ @ @ @ @ ’ m living in some kind of sick satire movie .
Biden— “ Let ’ @ @ @ @ @ ” … Obama–Make sure we have the “ right people ” on the case

by SoundSalad
These CHOP and BLM revolutionaries are now urging their supporters to vote for the same establishment that has killed millions of brown muslims in the middle east over the past 50 years. Can’t make this shit up. Honestly feel like I’m living in some kind of sick satire movie.
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This CHAZ/CHOP statement reads like it was written by someone in the Seattle mayor's office. Why is it urging "comrades" to support Joe Biden and Gov. Inslee? The people at CHAZ are trying to overthrow or subvert the U.S. government. They hate Democrats. pic.twitter.com/WPqqCpcWJF — Andy Ngô (@MrAndyNgo) June 25, 2020
Biden—“Let’s use the Logan Act”… Obama–Make sure we have the “right people” on the case
Biden—"Let's use the Logan Act"… Obama–Make sure we have the "right people" on the case…. nothing treasonous or seditious going on here, right? I sure do hope Mr Durham finishes his work soon… this goes beyond criminal behavior @GenFlynn @SidneyPowell1 @realDonaldTrump — Joseph J Flynn (@JosephJFlynn1) June 25, 2020


investmentwatchblog--2020-06-25--Gold Prices Near $1,800 As Investors Pile In To ETFs

The rally in the gold price gained fresh momentum on Tuesday as investors piled into physically-backed gold ETFs to secure hard assets amid expectations of continued global ultra-low or negative interest rates and currency debasement .
Gold for delivery in August , the most active contract on the Comex market in New York , touched a high of $ 1,786.10 an ounce , the highest since October 2012 and up 17 % so far this year .
The last time gold traded above $ 1,800 an ounce was September 2011 , but it ended that year at $ 1,565 an @ @ @ @ @ @ @ that Friday saw a massive 27.3 tonnes ( 974,000 ounces worth more than $ 1.7 billion at today ’ s prices ) inflow into gold-backed exchange-traded funds ( ETFs ) .
The world ’ s largest gold ETF – SPDR Gold Shares or GLD – received the lion ’ s share with Friday inflows of 23.1 tonnes or 742,492 ounces , coinciding with the expiry of June GLD options .
On Monday GLD hauled in another 6.7 tonnes , or more than 216,000 ounces , bringing total holdings to 1,166 tonnes ( 37.5m @ @ @ @ @ @ @ the highest since April and February 2013 , respectively .
While launched a full 18 months after the first physically-backed gold ETF was created in Australia , GLD quickly dominated the market .
GLD was listed on November 18 2004 and saw a pretty good first day .
Investors bought just over 8 tonnes , or 260,000 ounces of gold , affording the fund a net asset value of $ 115 million .
A mere two days later it would cross the $ 1 billion mark , and by the time Thanksgiving arrived @ @ @ @ @ @ @ snapped up more than 100 tonnes .
The 1,000-tonne market would be crossed in February 2009 .
On August 22 , 2011 , when gold was hitting record highs above $ 1,900 an ounce GLD became the largest ETF in the world briefly surpassing the venerable SPDR S & P 500 trust ( assets today $ 273 billion ) at a net asset value of $ 77.5 billion .
Gold holdings in the trust would peak more than a year later in December 2012 at 1,353 tonnes , or 43.5 million ounces .

By MINING.com
The rally in the gold price gained fresh momentum on Tuesday as investors piled into physically-backed gold ETFs to secure hard assets amid expectations of continued global ultra-low or negative interest rates and currency debasement.
Gold for delivery in August, the most active contract on the Comex market in New York, touched a high of $1,786.10 an ounce, the highest since October 2012 and up 17% so far this year.
The last time gold traded above $1,800 an ounce was September 2011, but it ended that year at $1,565 an ounce.
The World Gold Council reported that Friday saw a massive 27.3 tonnes (974,000 ounces worth more than $1.7 billion at today’s prices) inflow into gold-backed exchange-traded funds (ETFs).
The world’s largest gold ETF – SPDR Gold Shares or GLD – received the lion’s share with Friday inflows of 23.1 tonnes or 742,492 ounces, coinciding with the expiry of June GLD options.
On Monday GLD hauled in another 6.7 tonnes, or more than 216,000 ounces, bringing total holdings to 1,166 tonnes (37.5m ounces) worth $66 billion, the highest since April and February 2013, respectively.
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Rock beat paper, briefly
While launched a full 18 months after the first physically-backed gold ETF was created in Australia, GLD quickly dominated the market.
GLD was listed on November 18 2004 and saw a pretty good first day. Investors bought just over 8 tonnes, or 260,000 ounces of gold, affording the fund a net asset value of $115 million.
A mere two days later it would cross the $1 billion mark, and by the time Thanksgiving arrived the following week, gold bugs had snapped up more than 100 tonnes. The 1,000-tonne market would be crossed in February 2009.
On August 22, 2011, when gold was hitting record highs above $1,900 an ounce GLD became the largest ETF in the world briefly surpassing the venerable SPDR S&P 500 trust (assets today $273 billion) at a net asset value of $77.5 billion.
Gold holdings in the trust would peak more than a year later in December 2012 at 1,353 tonnes, or 43.5 million ounces.
By Mining.com


investmentwatchblog--2020-06-25--‘V’-Shaped Recovery When Americans Can’t Even Go On A Summer Vacation If They Wanted To?

( by Half Dollar ) Even if people were ready to begin going on vacation again , it is by no means an easy feat .
In fact , successfully pulling off a vacation in the Summer of 2020 is more akin to a miracle , smothered in luck .
Now , I do think Disney is Pure Evil , but regardless of what I think , the sheer reach of government is nothing short of astonishing .
That is to say , on the one hand , the government , at all levels , talks of “ recovery ” @ @ @ @ @ @ @ the other hand , government , at all levels , is micro-managing every single aspect of every single public thing , and arguably even all things private , so much so that if what is generally a quintessential , iconic American company can ’ t even decide when it will re-open , or how it will re-open , what individual or group of people would ever take the risk to open a small business with so much uncertainty caused by Big Brother in general , and The Party specifically ?
On top of @ @ @ @ @ @ @ puts out one rule , the County puts out another rule , the State puts out another rule , the Federal Government puts out another rule , Trump puts out another rule , and all of those rules conflict with each other to one degree or another ?
There ’ s an acronym for that : SNAFU .
I mean , listen to some of what Disney has said ( bold added for emphasis ) : The State of California has now indicated that it will not issue theme park reopening guidelines until @ @ @ @ @ @ @ time required for us to bring thousands of cast members back to work and restart our business , we have no choice but to delay the reopening of our theme parks and resort hotels until we receive approval from government officials .
Once we have a clearer understanding of when guidelines will be released , we expect to be able to communicate a reopening date .
Here ’ s the question : Why in the world would a person or family even consider planning a vacation to Disney , or any other theme @ @ @ @ @ @ @ , my family goes to a theme park at least once a year , and many times that has been the very big ones , including Disney , Land or World .
The thought hasn ’ t even crossed our minds .
It ’ s a pickle for businesses too , because we ’ re talking about the peak of summer travel during one of the most critical weeks of the year , especially for tourism , with the 4th of July falling on Saturday , and many people who are still working @ @ @ @ @ @ @ , getting either that Friday off , that Monday off , or both .
Which is what brings me to New York City .
And the Northeast in general .
Now , I haven ’ t looked into the exact guidelines , because quite frankly , I woke-up with some indigestion this morning , so I don ’ t really feel like throwing-up a little bit in my mouth , but apparently , people from coronavirus “ hot spots ” will be required to quarantine for 14 days prior to entering the states @ @ @ @ @ @ @ or Connecticut , as agreed upon in some sort of mutual , regional agreement .
From Zero Hedge ( bold added for emphasis ) : So scratch those plans to visit New York City , or Lake Placid , or Niagara Falls , or wherever .
Unless , of course , you can afford to quarantine ( like , at the border ? )
for two weeks first .
Forget a ‘ V ’ -shaped recovery because it ’ s looking more and more like an ‘ L ’ -shaped recovery , only @ @ @ @ @ @ @ collapsing yet .
Half Dollar ’ s Note : The featured image of this article is an artistic representation of a couple different themes , fused together , for the sole purpose of education in the form of stimulating critical thinking .

(by Half Dollar) Even if people were ready to begin going on vacation again, it is by no means an easy feat.
In fact, successfully pulling off a vacation in the Summer of 2020 is more akin to a miracle, smothered in luck.
With a dash of bribery.
And a pinch of Make-A-Wish.
And a sprinkle of circumstantial proximity.
Now, I do think Disney is Pure Evil, but regardless of what I think, the sheer reach of government is nothing short of astonishing.
That is to say, on the one hand, the government, at all levels, talks of “recovery” and “re-opening”, but on the other hand, government, at all levels, is micro-managing every single aspect of every single public thing, and arguably even all things private, so much so that if what is generally a quintessential, iconic American company can’t even decide when it will re-open, or how it will re-open, what individual or group of people would ever take the risk to open a small business with so much uncertainty caused by Big Brother in general, and The Party specifically?
On top of that, what happens when the City puts out one rule, the County puts out another rule, the State puts out another rule, the Federal Government puts out another rule, Trump puts out another rule, and all of those rules conflict with each other to one degree or another?
There’s an acronym for that: SNAFU.
I mean, listen to some of what Disney has said (bold added for emphasis):
The State of California has now indicated that it will not issue theme park reopening guidelines until sometime after July 4. Given the time required for us to bring thousands of cast members back to work and restart our business, we have no choice but to delay the reopening of our theme parks and resort hotels until we receive approval from government officials. Once we have a clearer understanding of when guidelines will be released, we expect to be able to communicate a reopening date.
My goodness.
Here’s the question: Why in the world would a person or family even consider planning a vacation to Disney, or any other theme park for that matter?
I mean, my family goes to a theme park at least once a year, and many times that has been the very big ones, including Disney, Land or World.
This year?
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The thought hasn’t even crossed our minds.
It’s a pickle for businesses too, because we’re talking about the peak of summer travel during one of the most critical weeks of the year, especially for tourism, with the 4th of July falling on Saturday, and many people who are still working, with decent jobs and good benefits, getting either that Friday off, that Monday off, or both.
Here’s the entire statement, from Disney:
Which is what brings me to New York City.
And the Northeast in general.
Now, I haven’t looked into the exact guidelines, because quite frankly, I woke-up with some indigestion this morning, so I don’t really feel like throwing-up a little bit in my mouth, but apparently, people from coronavirus “hot spots” will be required to quarantine for 14 days prior to entering the states of New York, New Jersey, or Connecticut, as agreed upon in some sort of mutual, regional agreement.
From Zero Hedge (bold added for emphasis):
New York, Connecticut and New Jersey are ordering all visitors to their states, which have only recently gotten over the worst of the viral outbreak, to quarantine for two weeks first.
So scratch those plans to visit New York City, or Lake Placid, or Niagara Falls, or wherever.
Unless, of course, you can afford to quarantine (like, at the border?) for two weeks first.
Wow!
Forget a ‘V’-shaped recovery because it’s looking more and more like an ‘L’-shaped recovery, only, we haven’t even finished collapsing yet.
*****
Half Dollar’s Note: The featured image of this article is an artistic representation of a couple different themes, fused together, for the sole purpose of education in the form of stimulating critical thinking.


investmentwatchblog--2020-06-25--CHAZ BUSINESSES FILE CLASS ACTION LAWSUIT SEEKING DAMAGES AGAINST CITY OF SEATTLE

Business owners in Seattle 's # CHOP are fed up with the protesters , and they 've filed a lawsuit @ @ @ @ @ of leadership .
Caleb Heimlich , Chairman of # Washington state 's # GOP says @ @ @ @ @ big in November .
# Democrats # Republicans # Seattle # VarneyCo pic.twitter.com/yTqw6VwOv2

Business owners in Seattle's #CHOP are fed up with the protesters, and they've filed a lawsuit over the city's lack of leadership. Caleb Heimlich, Chairman of #Washington state's #GOP says his party expects to win big in November. #Democrats #Republicans #Seattle #VarneyCo pic.twitter.com/yTqw6VwOv2
— Varney & Co. (@Varneyco) June 25, 2020


investmentwatchblog--2020-06-25--BLM: “If This Country Doesn’t Give Us What We Want, Then We Will Burn Down This System And Replace I

BLM: “If This Country Doesn’t Give Us What We Want, Then We Will Burn Down This System And Replace It”

Who PAID FOR riot BRICKS : Donations to BLM Are Funneled Through Democrat Related ActBlue and Handled by Organization Led @ @ @ @ @

Black Lives Matter Leader: “If this country doesn't give us what we want, then we will burn down this system and replace it.. I could be speaking figuratively. I could be speaking literally. It’s a matter of interpretation.” pic.twitter.com/W7JDHrRtGH — Benny (@bennyjohnson) June 25, 2020
Who PAID FOR riot BRICKS: Donations to BLM Are Funneled Through Democrat Related ActBlue and Handled by Organization Led By Member of Weather und
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The United Nations, folks! Demonstrating what it does best and how messed up everything is..time to clean house..#UnitedNations #fraud pic.twitter.com/ext02YKm5g — Veritas News Feed (@veritasnewsfeed) June 25, 2020
This is going to backfire in ways the enemy never dreamed of…..Thank you Sir for being a Patriot and loving your community and fighting back t.co/7vNjJcttt4 — Joseph J Flynn (@JosephJFlynn1) June 25, 2020


investmentwatchblog--2020-06-25--The tech bubble was only two sectors (tech/telecom), NOT EVERYTHING.

BULLARD : `` NOT SEEING RISK ON SCALE OF TECH BUBBLE '' The tech bubble was only two sectors ( @ @ @ @ @ .
@ EricRosengren @ marydalyecon @ RaphaelBostic @ neelkashkari @ RobSKaplan @ steveliesman @ michaelsderby @ @ @ @ @ ' l Stability rept .
Who is # 1 ?
pic.twitter.com/q0EKkkvWdJ

BULLARD: "NOT SEEING RISK ON SCALE OF TECH BUBBLE"
The tech bubble was only two sectors (tech/telecom), NOT EVERYTHING. @EricRosengren @marydalyecon @RaphaelBostic @neelkashkari @RobSKaplan @steveliesman @michaelsderby @NickTimiraos
New IMF Fin'l Stability rept. Who is #1? pic.twitter.com/q0EKkkvWdJ
— M/I_Investments (@MI_Investments) June 25, 2020


investmentwatchblog--2020-06-25--Just can’t make it up…wonder what reason is for easing restrictions on same day as releasing stress

Just can’t make it up…wonder what reason is for easing restrictions on same day as releasing stress test results?

The move is in line with the Trump administration ’ s broad push to roll back regulations .

Just can't make it up…wonder what reason is for easing restrictions on same day as releasing stress test results? t.co/6sD9Mki34P — G Stockus (@beatlesonbankin) June 25, 2020
💯
"There is no accounting alchemy in the world that can make Citigroup a source of strength if it’s been paying out twice as much money as it’s been earning for 3 ½ years."t.co/PQLp8UXXXW pic.twitter.com/KPBrITAIKk — M/I_Investments (@MI_Investments) June 25, 2020
The move is in line with the Trump administration’s broad push to roll back regulations.
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investmentwatchblog--2020-06-25--The clock is ticking towards the inevitable ATH for Gold

Bank of America Backs Gold for All Time High This Year as Precious Metal Surges Gold has continued to rise @ @ @ @ @ of coronavirus cases , particularly in the U.S. , has dented some of the investor @ @ @ @ @ a post-pandemic recovery .

Gold has continued to rise of late as a resurgence of coronavirus cases, particularly in the U.S., has dented some of the investor optimism about the speed of a post-pandemic recovery.
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investmentwatchblog--2020-06-25--Global Economic depression Party Like Its 1929!

The Biggest Disconnect Between Prices And Profits In Stock Market History ?
: Felder Everyone is talking about the massive @ @ @ @ @ fundamentals right now .
To paraphrase Jeremy Grantham , we now find ourselves in the @ @ @ @ @ market valuations and the bottom 1 % of economic outcomes ( based on the annualized @ @ @ @ @ quarter GDP ) .

My first big FREE report: tons of *critical* indicators and charts Rising Instability in the Markets After a Historic Rally New on SentimenTradert.co/Mufe5F9Bq0 — Troy Bombardia (@bullmarketsco) June 25, 2020
Everyone is talking about the massive disparity between stock prices and fundamentals right now. To paraphrase Jeremy Grantham, we now find ourselves in the top 1% of stock market valuations and the bottom 1% of economic outcomes (based on the annualized rate of decline in second quarter GDP).
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Real #GDP decreased 5.0% in Q1 of 2020, according to the “third” estimate released by the Bureau of Economic Analysis. Profits decreased by 12.3% at a quarterly rate in Q1 Corporate profits decreased by 6.9% From Q1 Last Year. Global #Economic #depression Party Like Its 1929! — Planet Ponzi (@PlanetPonzi) June 25, 2020
Transmission mechanism clogged. Banks know there's massive credit risk in home loans that's frozen in forbearance. And they see unemployment has not come down (all-in on continuing and emergency claims 30.9M to 30.6M). Ergo, they see pent-up defaults & are demanding compensation. t.co/ApZknMeUyL — Danielle DiMartino Booth (@DiMartinoBooth) June 25, 2020
OXFORD ECONOMIC TRACKER IS SHRINKING AGAIN pic.twitter.com/U85oedXDF1 — Win Smart, CFA (@WinfieldSmart) June 25, 2020
Oil falling again pic.twitter.com/TL0xm30Lln — Win Smart, CFA (@WinfieldSmart) June 25, 2020
China's shadow banking system is coming under pressure, as the pandemic combines with excess debt to produce defaults. t.co/txNOdYK9lv via @financialtimes — Carl R. Tannenbaum (@NT_CTannenbaum) June 25, 2020


investmentwatchblog--2020-06-25--ALERT! Fed Panics! $1T “Pre-Bailout” as Banks Brace for End of Q2!! (Bix Weir)

In the last 2 weeks the Fed has injected an EXTRA $ 1T into the criminal banking system to prepare @ @ @ @ @ MONTH CHAOS ” expected in the Global Financial System !
Hang on tight !

In the last 2 weeks the Fed has injected an EXTRA $1T into the criminal banking system to prepare for the “END of MONTH CHAOS” expected in the Global Financial System! Hang on tight!
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investmentwatchblog--2020-06-25--New York activists camp out to demand $1bn police cut

With most festivals canceled , activists have at least found a use for their sleeping bags – trying to defund @ @ @ @ @ Hundreds gathered in a peaceful protest outside New York City Hall late on Wednesday , @ @ @ @ @ funding cut to the city ’ s police department ( NYPD ) .
Carrying ‘ @ @ @ @ @ ‘ Defund the police ’ banners , many settled on a grassy area outside the @ @ @ @ @ bags , and as night fell , musicians began to perform .
One protester , @ @ @ @ @ hoped that ‘ defunding the police will bring about more economic equality , more opportunities @ @ @ @ @ create equity , ’ and that she would like to see a cut of more @ @ @ @ @ but ‘ $ 1 billion is a start.
’ This was the demonstrators ’ second @ @ @ @ @ City Hall .
One more night and they ’ ll have made the $ 429 @ @ @ @ @ to Coachella look very bad value for money .

With most festivals canceled, activists have at least found a use for their sleeping bags – trying to defund the New York police.
Hundreds gathered in a peaceful protest outside New York City Hall late on Wednesday, demanding a $1 billion funding cut to the city’s police department (NYPD).
Carrying ‘Black Lives Matter’ and ‘Defund the police’ banners, many settled on a grassy area outside the building with towels and sleeping bags, and as night fell, musicians began to perform.
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One protester, Helen Edwardes, said she hoped that ‘defunding the police will bring about more economic equality, more opportunities to poorer communities, and create equity,’ and that she would like to see a cut of more than $1 billion, but ‘$1 billion is a start.’
This was the demonstrators’ second night in a row outside City Hall. One more night and they’ll have made the $429 cost of a weekend pass to Coachella look very bad value for money.


Obamagate Explained

Obamagate is the biggest political scandal in history , but it ’ s being either ignored by the major media outlets , or being made out to be so convoluted that it ’ s dismissed as a conspiracy theory .
Here ’ s the simple breakdown , in approximately 500 words .
The Obama White House thought for sure that Clinton would win , but they wanted to make it a blow out victory .
So they spied on Trump .
That ’ s was the tiny but primary reason .
It ’ s the cover up that ’ s @ @ @ @ @ @ @ Clintons needed to manufacture a reason to spy , to justify using the nation ’ s intelligence agencies , primarily the FBI , to spy on a Presidential candidate ’ s campaign .
The Steele Dossier , paid for by the Democratic National Committee ( DNC ) , was fabricated and used as the basis for the FBI to spy on Trump .
It said that Carter Page was a Russian agent and the link between Moscow and Trump .
Yes .
The Democrats paid for a file on Trump that magically appeared @ @ @ @ @ @ @ things in the file that the FBI would need to launch a surveillance operation against Trump .
Remember , the Democrat National Party and the Republican National Party are private organizations , not official government entities .
The Steele file only allowed for initial surveillance .
Extensions on this surveillance are obtained by filling out paperwork known as “ FISA Warrants ” and approved by a judge .
The FBI filled out these warrants with fake information , saying they had information on Carter Page that didn ’ t exist , in order @ @ @ @ @ @ @ them .
Now Enter Michael Flynn and His Unmasking This part gets super confusing and it ’ s where the left seems to be doing the most damage in confusing the public about the whole thing .
Michael Flynn was an early member of the Trump administration and because he was actually in communication with Russia , he could ’ ve been dangerous in saying the truth , that there was no nefarious dealings with the Russians .
So he was targeted by the Obama administration and FBI .
They found minor inconsistencies @ @ @ @ @ @ @ “ left out portions ” of his conversations with the Russians in his debriefs to Vice President Pence , and therefore guilty of perjury .
The “ unmasking ” refers to revealing his identity , which had to be done in order to protect the Obama administration and the Clintons , to shed some negative light on Trump and his administration , and to protect the image of the FBI because flynn was in position to blow the whole thing up by going public and telling the truth about his interactions with the @ @ @ @ @ @ @ s all above board , both legal and ethical .
• As these allegations are proven true , it makes Watergate seem as insignifcant as drama at your child ’ s school ’ s PTA .
• A government law enforcement agency being used by a political party to spy on their opponents .
• The unmasking and silencing attempt of Michael Flynn • If Obama kenw about it , would be direct evidence of Obama and Biden knowing about the whole operation , and colluding with the Clinton campaign to help Clinton @ @ @ @ @ @ @ Phares Speaks Out – Agrees that Obamagate Began with Obama ’ s Secret Deals with Iran and His Domestic Spying on Trump Officials “ Now we know both Obama and Biden were directly involved in planning the attack on Flynn , ” Nunes said .
“ This is the single biggest abuse of power I ’ ve seen in my lifetime , ” he added .

by Venus230
Obamagate is the biggest political scandal in history, but it’s being either ignored by the major media outlets, or being made out to be so convoluted that it’s dismissed as a conspiracy theory. Here’s the simple breakdown, in approximately 500 words.
A Simple Start: Campaign Spying
The Obama White House thought for sure that Clinton would win, but they wanted to make it a blow out victory. So they spied on Trump. That’s was the tiny but primary reason. It’s the cover up that’s the huge part.
Enter The Steele Dossier
The Obamas and Clintons needed to manufacture a reason to spy, to justify using the nation’s intelligence agencies, primarily the FBI, to spy on a Presidential candidate’s campaign.
The Steele Dossier, paid for by the Democratic National Committee (DNC), was fabricated and used as the basis for the FBI to spy on Trump. It said that Carter Page was a Russian agent and the link between Moscow and Trump. Yes. The Democrats paid for a file on Trump that magically appeared in their laps with all of the things in the file that the FBI would need to launch a surveillance operation against Trump. Remember, the Democrat National Party and the Republican National Party are private organizations, not official government entities.
FISA Warrants
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The Steele file only allowed for initial surveillance. Extensions on this surveillance are obtained by filling out paperwork known as “FISA Warrants” and approved by a judge. The FBI filled out these warrants with fake information, saying they had information on Carter Page that didn’t exist, in order to get the FISA judges to approve them.
Now Enter Michael Flynn and His Unmasking
This part gets super confusing and it’s where the left seems to be doing the most damage in confusing the public about the whole thing. Michael Flynn was an early member of the Trump administration and because he was actually in communication with Russia, he could’ve been dangerous in saying the truth, that there was no nefarious dealings with the Russians. So he was targeted by the Obama administration and FBI. They found minor inconsistencies in his story, saying that he “left out portions” of his conversations with the Russians in his debriefs to Vice President Pence, and therefore guilty of perjury.
The “unmasking” refers to revealing his identity, which had to be done in order to protect the Obama administration and the Clintons, to shed some negative light on Trump and his administration, and to protect the image of the FBI because flynn was in position to blow the whole thing up by going public and telling the truth about his interactions with the Russians and Carter Page: It’s all above board, both legal and ethical.
Going Forward
As these allegations are proven true, it makes Watergate seem as insignifcant as drama at your child’s school’s PTA.
A government law enforcement agency being used by a political party to spy on their opponents.
The unmasking and silencing attempt of Michael Flynn
If Obama kenw about it, would be direct evidence of Obama and Biden knowing about the whole operation, and colluding with the Clinton campaign to help Clinton win in 2016.
Related:
Ex-Trump Adviser Walid Phares Speaks Out – Agrees that Obamagate Began with Obama’s Secret Deals with Iran and His Domestic Spying on Trump Officials
“Now we know both Obama and Biden were directly involved in planning the attack on Flynn,” Nunes said. “This is the single biggest abuse of power I’ve seen in my lifetime,” he added.