investmentwatchblog--2020-05-22--US v. Flynn — DC Court of Appeals orders Judge Sullivan to respond to Flynn’s Petition for Writ of M

US v. Flynn — DC Court of Appeals orders Judge Sullivan to respond to Flynn’s Petition for Writ of Mandamus

On May 21 , 2020 , the Court of Appeals for the DC Circuit Court of Appeals issued an extraordinary order — on its own motion — directing Judge Sullivan himself to file a response to the Petition for Writ of Mandamus filed by Gen. Flynn earlier this week .
In Flynn ’ s Petition for Writ of Mandamus , he is seeking the following relief : This DC Circuit Court of Appeals ’ order is significant for at least two reasons : • It requires Judge Sullivan to personally respond to Flynn ’ s Petition for Writ of Mandamus @ @ @ @ @ @ @ itself .
• It requires Judge Sullivan to directly respond the DOJ ’ s Motion to Dismiss with consideration of Rule 48 ( a ) of the Federal Rules of Criminal Procedure and the Circuit Court of Appeals ’ earlier decision of United States v. Fokker Services .
US v. Fokker Services leaves Judge Sullivan no choice other than to grant the DOJ ’ s Motion to Dismiss its case against Flynn .
US v. Fokker Services involved a question about language in the “ Speedy Trial Act , ” a statute passed @ @ @ @ @ @ @ the President .
That statute provides that agreements between the parties to “ exclude time ” under the provisions of the Act are only effective with “ approval of the court.
” Rule 48 ( a ) — a procedural rule , not a statute — requires “ leave of court ” before a government motion to dismiss a criminal case will be granted .
The following excerpt from US v. Fokker Services is the reason for the DC Circuit Court of Appeals ’ focus as set forth in its order ; there @ @ @ @ @ @ @ following : While the exclusion of time is subject to “ the approval of the court , ” there is no ground for reading that provision to confer free-ranging authority in district courts to scrutinize the prosecution ’ s discretionary charging decisions .
Rather , we read the statute against the background of settled constitutional understandings under which authority over criminal charging decisions resides fundamentally with the Executive , without the involvement of—and without oversight power in—the Judiciary .
The key to the ruling by the DC Circuit in US v. Fokker Services @ @ @ @ @ @ @ there that the kind of “ discretion ” conferred upon trial courts by language such as that found in the Speedy Trial Act must be interpreted against the backdrop of the constitutional framework that places certain discretionary decision-making solely in the province of a different branch of the government .
So , while a district court need not be a “ rubber stamp ” in granting “ approval ” to exclude time — the question before it in US v. Fokker Services — that does not mean a district court can rely on @ @ @ @ @ @ @ a review of the justification offered when the issue in question involves discretionary decision-making on matters solely committed to the Executive Branch .
That Judge Sullivan might disagree with the rationale advanced by the DOJ in the Motion to Dismiss is not pertinent to a determination of whether the motion is properly grounded — and the “ leave of court ” condition is most properly read as only requiring that such a motion be properly grounded — i.e , there is a factual and/or legal reason for the decision .
Because it ’ @ @ @ @ @ @ @ agree or accept the rationale put forth in the motion for dismissal to be called for , there is no purpose to be served by the searching inquiry he seems determined to conduct .
Unless he can identify in his response a potential course of inquiry that leads to something other than a possible disagreement with the motion on factual and/or legal grounds , the Appeals Court is likely to grant the Petition and issue a Writ of Mandamus directing Judge Sullivan to dismiss the case forthwith .

by ratioetlogicae
On May 21, 2020, the Court of Appeals for the DC Circuit Court of Appeals issued an extraordinary order — on its own motion — directing Judge Sullivan himself to file a response to the Petition for Writ of Mandamus filed by Gen. Flynn earlier this week.
In Flynn’s Petition for Writ of Mandamus, he is seeking the following relief:
Petitioner respectfully requests that this Court order the district court immediately to (1) grant the Justice Department’s Motion to Dismiss; (2) vacate its order appointing amicus curiae; and (3) reassign the case to another district judge as to any further proceedings.
This DC Circuit Court of Appeals’ order is significant for at least two reasons:
It requires Judge Sullivan to personally respond to Flynn’s Petition for Writ of Mandamus, which is extraordinary in and of itself. It requires Judge Sullivan to directly respond the DOJ’s Motion to Dismiss with consideration of Rule 48(a) of the Federal Rules of Criminal Procedure and the Circuit Court of Appeals’ earlier decision of United States v. Fokker Services.
US v. Fokker Services leaves Judge Sullivan no choice other than to grant the DOJ’s Motion to Dismiss its case against Flynn.
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US v. Fokker Services involved a question about language in the “Speedy Trial Act,” a statute passed by Congress and signed into law by the President. That statute provides that agreements between the parties to “exclude time” under the provisions of the Act are only effective with “approval of the court.” Rule 48(a) — a procedural rule, not a statute — requires “leave of court” before a government motion to dismiss a criminal case will be granted.
The following excerpt from US v. Fokker Services is the reason for the DC Circuit Court of Appeals’ focus as set forth in its order; there seems to be no way around the following:
While the exclusion of time is subject to “the approval of the court,” there is no ground for reading that provision to confer free-ranging authority in district courts to scrutinize the prosecution’s discretionary charging decisions. Rather, we read the statute against the background of settled constitutional understandings under which authority over criminal charging decisions resides fundamentally with the Executive, without the involvement of—and without oversight power in—the Judiciary.
The key to the ruling by the DC Circuit in US v. Fokker Services is the point made by the Court there that the kind of “discretion” conferred upon trial courts by language such as that found in the Speedy Trial Act must be interpreted against the backdrop of the constitutional framework that places certain discretionary decision-making solely in the province of a different branch of the government. So, while a district court need not be a “rubber stamp” in granting “approval” to exclude time — the question before it in US v. Fokker Services — that does not mean a district court can rely on that authority as a basis to conduct a review of the justification offered when the issue in question involves discretionary decision-making on matters solely committed to the Executive Branch.
That Judge Sullivan might disagree with the rationale advanced by the DOJ in the Motion to Dismiss is not pertinent to a determination of whether the motion is properly grounded — and the “leave of court” condition is most properly read as only requiring that such a motion be properly grounded — i.e, there is a factual and/or legal reason for the decision. Because it’s not necessary for Judge Sullivan to agree or accept the rationale put forth in the motion for dismissal to be called for, there is no purpose to be served by the searching inquiry he seems determined to conduct. Unless he can identify in his response a potential course of inquiry that leads to something other than a possible disagreement with the motion on factual and/or legal grounds, the Appeals Court is likely to grant the Petition and issue a Writ of Mandamus directing Judge Sullivan to dismiss the case forthwith.


investmentwatchblog--2020-05-22--Reports: Biden-Ukraine corruption authorized by Obama

by WTCMolybdenum4753
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Looks like Joe and Obama are in on the quid pro quo


investmentwatchblog--2020-05-22--This suggests that a lot of what we’re doing to control the spread is misdirected.

MYSTERIES : Why do some COVID-19 patients infect many others , whereas most don ’ t spread the virus at all ?
Most of the discussion around the spread of SARS-CoV-2 has concentrated on the average number of new infections caused by each patient .
Without social distancing , this reproduction number ( R ) is about three .
But in real life , some people infect many others and others don ’ t spread the disease at all .
In fact , the latter is the norm , Lloyd-Smith says : “ The consistent pattern is that the most @ @ @ @ @ @ @ do not transmit.
” That ’ s why in addition to R , scientists use a value called the dispersion factor ( k ) , which describes how much a disease clusters .
The lower k is , the more transmission comes from a small number of people .
In a seminal 2005 Nature paper , Lloyd-Smith and co-authors estimated that SARS—in which superspreading played a major role—had a k of 0.16 .
The estimated k for MERS , which emerged in 2012 , is about 0.25 .
In the flu pandemic of @ @ @ @ @ @ @ was about one , indicating that clusters played less of a role .
Estimates of k for SARS-CoV-2 vary .
In January , Julien Riou and Christian Althaus at the University of Bern simulated the epidemic in China for different combinations of R and k and compared the outcomes with what had actually taken place .
They concluded that k for COVID-19 is somewhat higher than for SARS and MERS .
That seems about right , says Gabriel Leung , a modeler at the University of Hong Kong .
“ I don ’ @ @ @ @ @ @ @ or MERS , where we observed very large superspreading clusters , ” Leung says .
“ But we are certainly seeing a lot of concentrated clusters where a small proportion of people are responsible for a large proportion of infections.
” But in a recent preprint , Adam Kucharski of LSHTM estimated that k for COVID-19 is as low as 0.1 .
“ Probably about 10 % of cases lead to 80 % of the spread , ” Kucharski says .
That could explain some puzzling aspects of this pandemic , including why @ @ @ @ @ @ @ the world sooner after it emerged in China , and why some very early cases elsewhere—such as one in France in late December 2019 , reported on 3 May—apparently failed to ignite a wider outbreak .
If k is really 0.1 , then most chains of infection die out by themselves and SARS-CoV-2 needs to be introduced undetected into a new country at least four times to have an even chance of establishing itself , Kucharski says .
If the Chinese epidemic was a big fire that sent sparks flying around the world @ @ @ @ @ @ @ out .

MYSTERIES: Why do some COVID-19 patients infect many others, whereas most don’t spread the virus at all?
Most of the discussion around the spread of SARS-CoV-2 has concentrated on the average number of new infections caused by each patient. Without social distancing, this reproduction number (R) is about three. But in real life, some people infect many others and others don’t spread the disease at all. In fact, the latter is the norm, Lloyd-Smith says: “The consistent pattern is that the most common number is zero. Most people do not transmit.”
That’s why in addition to R, scientists use a value called the dispersion factor (k), which describes how much a disease clusters. The lower k is, the more transmission comes from a small number of people. In a seminal 2005 Nature paper, Lloyd-Smith and co-authors estimated that SARS—in which superspreading played a major role—had a k of 0.16. The estimated k for MERS, which emerged in 2012, is about 0.25. In the flu pandemic of 1918, in contrast, the value was about one, indicating that clusters played less of a role.
Estimates of k for SARS-CoV-2 vary. In January, Julien Riou and Christian Althaus at the University of Bern simulated the epidemic in China for different combinations of R and k and compared the outcomes with what had actually taken place. They concluded that k for COVID-19 is somewhat higher than for SARS and MERS. That seems about right, says Gabriel Leung, a modeler at the University of Hong Kong. “I don’t think this is quite like SARS or MERS, where we observed very large superspreading clusters,” Leung says. “But we are certainly seeing a lot of concentrated clusters where a small proportion of people are responsible for a large proportion of infections.” But in a recent preprint, Adam Kucharski of LSHTM estimated that k for COVID-19 is as low as 0.1. “Probably about 10% of cases lead to 80% of the spread,” Kucharski says.
That could explain some puzzling aspects of this pandemic, including why the virus did not take off around the world sooner after it emerged in China, and why some very early cases elsewhere—such as one in France in late December 2019, reported on 3 May—apparently failed to ignite a wider outbreak. If k is really 0.1, then most chains of infection die out by themselves and SARS-CoV-2 needs to be introduced undetected into a new country at least four times to have an even chance of establishing itself, Kucharski says. If the Chinese epidemic was a big fire that sent sparks flying around the world, most of the sparks simply fizzled out.


investmentwatchblog--2020-05-22--WORSE THAN THEY’RE LETTING ON, WHICH MEANS PRETTY BAD IN LIGHT OF THIS: How Bad Are China’s Economic

WORSE THAN THEY’RE LETTING ON, WHICH MEANS PRETTY BAD IN LIGHT OF THIS: How Bad Are China’s Economic Woes?

While economists say China ’ s economic data can ’ t always be trusted , they now have a new @ @ @ @ @ data .
On Friday , China said it wouldn ’ t be setting a target @ @ @ @ @ year .
That ’ s unprecedented – the Chinese government hasn ’ t done this @ @ @ @ @ goals in 1990 .
Abandoning the growth target is an acknowledgement of just how difficult @ @ @ @ @ be in a post pandemic era .
And while recent figures have shown that China @ @ @ @ @ of its slowdown : it ’ s an uneven recovery .
For the first time @ @ @ @ @ – factories are making goods again .
Industrial output in April grew by a better-than-expected @ @ @ @ @ difference from the collapse of 13.5 % in the first two months of this year @ @ @ @ @ .

While economists say China’s economic data can’t always be trusted, they now have a new dilemma – there is no data.
On Friday, China said it wouldn’t be setting a target for economic growth for this year.
That’s unprecedented – the Chinese government hasn’t done this since it began publishing such goals in 1990.
Abandoning the growth target is an acknowledgement of just how difficult a recovery in China will be in a post pandemic era.
And while recent figures have shown that China is on the way out of its slowdown: it’s an uneven recovery.
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First, the good news.
For the first time since the pandemic hit China – factories are making goods again.
Industrial output in April grew by a better-than-expected 3.9% – a marked difference from the collapse of 13.5% in the first two months of this year as massive lockdowns were imposed.
www.bbc.com/news/business-52754782?at_custom3=%40BBCWorld&at_medium=custom7&at_campaign=64&at_custom1=%5Bpost+type%5D&at_custom4=64CBD136-9C26-11EA-9324-38CCFCA12A29&at_custom2=twitter
h/t GR


investmentwatchblog--2020-05-22--Billy Chemirmir: Lawsuit Could Free Illegal Alien Accused of Murdering 22 Elderly Americans Who is S

Billy Chemirmir: Lawsuit Could Free Illegal Alien Accused of Murdering 22 Elderly Americans Who is Suspected in 1000 more

An American Civil Liberties Union ( ACLU ) lawsuit is seeking the release of inmates in the Dallas County , @ @ @ @ @ ” to contracting the Chinese coronavirus — a suit that could result in the release @ @ @ @ @ alien serial killer from Kenya .
Billy Chemirmir , 47-years-old , is facing the death @ @ @ @ @ he allegedly murdered , 81-year-old Lu Thi Harris in March 2018 and 91-year-old Phyllis Payne @ @ @ @ @ court , prosecutors say Chemirmir is responsible for at least 14 murders of elderly Americans @ @ @ @ @ In civil lawsuits , Chemirmir has been accused of an additional eight murders of elderly @ @ @ @ @ would smother his victims to death and steal property off them .

An American Civil Liberties Union (ACLU) lawsuit is seeking the release of inmates in the Dallas County, Texas Jail considered “vulnerable” to contracting the Chinese coronavirus — a suit that could result in the release of a high-profile accused illegal alien serial killer from Kenya.
Billy Chemirmir, 47-years-old, is facing the death penalty for two elderly women he allegedly murdered, 81-year-old Lu Thi Harris in March 2018 and 91-year-old Phyllis Payne in 2016.
In criminal court, prosecutors say Chemirmir is responsible for at least 14 murders of elderly Americans in the Dallas area. In civil lawsuits, Chemirmir has been accused of an additional eight murders of elderly Americans. Prosecutors say Chemirmir would smother his victims to death and steal property off them.
Chermirmir’s alleged victims include:
83-year-old Leah Corken
82-year-old Juanita Purdy
88-year-old Mary Brooks
84-year-old Minnie Campbell
82-year-old Ann Conklin
75-year-old Rosemary Curtis
85-year-old Norma French
92-year-old Doris Gleason
81-year-old Lu Thi Harris
81-year-old Carolyn MacPhee
81-year-old Miriam Nelson
91-year-old Phyllis Payne
94-year-old Phoebe Perry
80-year-old Martha Williams
82-year-old Joyce Abramowitz
87-year-old Glenna Day
89-year-old Solomon Spring
90-year-old Doris Wasserman
86-year-old Margaret White
79-year-old Diana Delahunty
93-year-old Mamie Dell Miya
“Jane Doe”


investmentwatchblog--2020-05-22--Central Banks & Govts Have Injected $20 Trillion Into Markets & Economies In Last Few Months?

by Jason Burack of Wall St For Main St Jason talks about how despite the headline numbers improving the last @ @ @ @ @ the amount of Americans on continuing jobless claim unemployment is still increasing by over 2.5 @ @ @ @ @ The Fed ’ s official balance sheet is also over $ 7 trillion dollars now @ @ @ @ @ increase of roughly 87 % since QT ended in late August 2019 .
The Fed @ @ @ @ @ is up over $ 3.277 trillion since the end of August 2019 .
Cornerstone Macro @ @ @ @ @ total combined $ 20 trillion dollars between global central banks and fiscal spending from governments @ @ @ @ @ markets and economies in only the last few months because of the global pandemic .
@ @ @ @ @ for our hard work creating high level , thought provoking content that includes interviews with @ @ @ @ @ short videos about investing and the economy patreon.com/wallstformainst

by Jason Burack of Wall St For Main St
Jason talks about how despite the headline numbers improving the last few weeks in jobless claims the amount of Americans on continuing jobless claim unemployment is still increasing by over 2.5 million Americans per week.
The Fed’s official balance sheet is also over $7 trillion dollars now. That’s an increase of roughly 87% since QT ended in late August 2019. The Fed’s official balance sheet is up over $3.277 trillion since the end of August 2019.
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Cornerstone Macro released research recently that a total combined $20 trillion dollars between global central banks and fiscal spending from governments has been injected into asset markets and economies in only the last few months because of the global pandemic.
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investmentwatchblog--2020-05-22--Just What Is Warren Buffet and the Fed Seeing To Make Them Do This?

The US is lurching towards an economic catastrophe .
If you ’ ve been paying attention , over the last few weeks there have been several LARGE “ tells.
” Those tells were two of the BIGGEST cheerleaders for stocks in history , Warren Buffett and the Fed , getting EXTREMELY bearish .
First and foremost , Warren Buffett , the man who famously stated that he likes to own companies for a long-time , ideally “ forever , ” has begun dumping huge quantities of stocks .
All told , Buffett sold 21 stocks worth over the last four @ @ @ @ @ @ @ portions of his holdings in Goldman Sachs , JP Morgan , and other large banks , as well as multiple airline stocks , pharmaceuticals , and energy stocks .
The media claims Buffett is doing this because he wants to make sure he owns less than 10 % of these companies , but when do you remember Buffett ever unloading so many stocks worth billions of dollars in such a short period ?
On top of this Buffett didn ’ t use the March meltdown to load up on investments .
Put another @ @ @ @ @ @ @ in years , at a time when many businesses were on sale , Buffett didn ’ t buy anything ( he sold the airlines stocks he tried to buy ) but rather chose to start unloading several of his largest positions ?
Whatever Buffett is seeing in the economy that is making him do this… it ’ s NOT good .
For decades now , the Fed has been a cheerleader for the economy and stocks .
Indeed , it is extremely rare to find the Fed ever issue a gloomy view of @ @ @ @ @ @ @ why it ’ s astonishing to see the Fed making statements that you would expect from a raging bear .
During the last week , Fed Chair Jerome Powell has publicly stated : 1 ) The US is facing its biggest economic shock in living memory ( this would include the Great Financial Crisis ) , an economic downturn which Powell says is “ without precedent.
” 2 ) The depression/recession in the US could stretch through the end of NEXT year ( 2021 ) .
When do you ever remember hearing a @ @ @ @ @ @ @ Typically , the head of the Fed issues statements that understate the severity of a risk ( remember Bernanke saying the subprime crisis was “ contained ” ? )
.
And yet , here is Jerome Powell saying that the US economy is in its WORST collapse ever , that it could last through the end of 2021 , and that the stock market could crash .
And this is AFTER the Fed has spent over $ 2.7 TRILLION propping up the markets in the last two months .
Just how horrific is @ @ @ @ @ @ @ stuff after the Fed began buying assets in : 2 ) The municipal bond markets ( debt issued by states and cities ) .
5 ) The asset-backed security markets ( everything from student loans to certificates of deposit and more ) .
Between Warren Buffett and Fed Chair Powell , we ’ ve got two of the biggest stock cheerleaders in history , issuing some truly horrific stuff .
Again… just how bad are things that these two individuals are acting this way ?
Think BAD , as in worse than 2008 @

The US is lurching towards an economic catastrophe.
If you’ve been paying attention, over the last few weeks there have been several LARGE “tells.” Those tells were two of the BIGGEST cheerleaders for stocks in history, Warren Buffett and the Fed, getting EXTREMELY bearish.
First and foremost, Warren Buffett, the man who famously stated that he likes to own companies for a long-time, ideally “forever,” has begun dumping huge quantities of stocks.
All told, Buffett sold 21 stocks worth over the last four months. He’s unloaded large portions of his holdings in Goldman Sachs, JP Morgan, and other large banks, as well as multiple airline stocks, pharmaceuticals, and energy stocks.
The media claims Buffett is doing this because he wants to make sure he owns less than 10% of these companies, but when do you remember Buffett ever unloading so many stocks worth billions of dollars in such a short period?
On top of this Buffett didn’t use the March meltdown to load up on investments.
Put another way, during the largest market collapse in years, at a time when many businesses were on sale, Buffett didn’t buy anything (he sold the airlines stocks he tried to buy) but rather chose to start unloading several of his largest positions?
Whatever Buffett is seeing in the economy that is making him do this… it’s NOT good.
Then there’s the Fed.
For decades now, the Fed has been a cheerleader for the economy and stocks.
Indeed, it is extremely rare to find the Fed ever issue a gloomy view of the economy or markets. Which is why it’s astonishing to see the Fed making statements that you would expect from a raging bear.
During the last week, Fed Chair Jerome Powell has publicly stated:
1) The US is facing its biggest economic shock in living memory (this would include the Great Financial Crisis), an economic downturn which Powell says is “without precedent.”
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2) The depression/recession in the US could stretch through the end of NEXT year (2021).
3) Asset prices (stocks) remain vulnerable o significant price declines (crashes).
When do you ever remember hearing a Fed chair say anything like this? Typically, the head of the Fed issues statements that understate the severity of a risk (remember Bernanke saying the subprime crisis was “contained”?).
And yet, here is Jerome Powell saying that the US economy is in its WORST collapse ever, that it could last through the end of 2021, and that the stock market could crash.
And this is AFTER the Fed has spent over $2.7 TRILLION propping up the markets in the last two months. Just how horrific is the economy that Powell is saying this stuff after the Fed began buying assets in:
1) The Treasury markets (U.S. sovereign debt).
2) The municipal bond markets (debt issued by states and cities).
3) The corporate bond markets (debt issued by corporations).
4) The commercial paper markets (short-term corporate debt market).
5) The asset-backed security markets (everything from student loans to certificates of deposit and more).
Between Warren Buffett and Fed Chair Powell, we’ve got two of the biggest stock cheerleaders in history, issuing some truly horrific stuff.
Again… just how bad are things that these two individuals are acting this way?
Think BAD, as in worse than 2008.


investmentwatchblog--2020-05-22--Youth Chase Police off Beach

Youth Chase Police off Beach

We are getting reports from around the globe and it appears that this lockdown is unleashing civil unrest that is not going to be contained .
Here is a video from Holland .
The youth chase the police off the beach at IJmuiden .
I went to get my hair cut today so I ended the cave-man look .
The woman told me she just received her unemployment check from March and had she not been a saver , she would not have been able to feed her children .
But even she added , “ they better not try @ @ @ @ @ @ @ co-conspirators have drastically underestimated the people .
They will not tolerate this type of nonsense and there is going to be a lot more resistance if they continue to try to keep people locked down , denied income , yet leave their expenses running .
About 30 % of mortgages are delinquent .
This can not be tolerated despite the left press blaming Trump for opening up too soon already .
Unfortunately , companies are not activists .
They should stop all advertising in any media outlet that demands people remain locked down @ @ @ @ @ @ @ loss of income they seek to inflict upon the people .
Some are calling for boycotts of any company that advertises on CNN and other left-wing Marxist media outlets .
Who knows .
They boycott everything these days .

by Martin Armstrong
We are getting reports from around the globe and it appears that this lockdown is unleashing civil unrest that is not going to be contained. Here is a video from Holland. The youth chase the police off the beach at IJmuiden. I went to get my hair cut today so I ended the cave-man look. The woman told me she just received her unemployment check from March and had she not been a saver, she would not have been able to feed her children. But even she added, “they better not try this again!”
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Gates and his co-conspirators have drastically underestimated the people. They will not tolerate this type of nonsense and there is going to be a lot more resistance if they continue to try to keep people locked down, denied income, yet leave their expenses running. About 30% of mortgages are delinquent. This cannot be tolerated despite the left press blaming Trump for opening up too soon already.
Unfortunately, companies are not activists. They should stop all advertising in any media outlet that demands people remain locked down. The media should feel the same loss of income they seek to inflict upon the people. Some are calling for boycotts of any company that advertises on CNN and other left-wing Marxist media outlets. Who knows. They boycott everything these days.


investmentwatchblog--2020-05-22--Hong Kong Peg to Crack in June?

Hong Kong Peg to Crack in June?

China ’ s Communist Party will impose a sweeping national security law in Hong Kong during the annual meeting of its top political body , criminalizing “ foreign interference ” along with secessionist activities and subversion of state power .
This is directed at the protests for independence .
It is a very dramatic and bold move that unquestionably undermines Hong Kong ’ s autonomy .
This will threaten Hong Kong as a global financial hub and is already impacting the HK $ peg which may break in June .
This has been a 23-year run under the “ one @ @ @ @ @ @ @ has allowed the territory to enjoy a level of autonomy .
That is coming to an end .
Hong Kong ’ s political freedoms have been eroding , but now Beijing signaled that the national security law will be a new tool that allows it to directly tackle the political dissent that erupted on Hong Kong ’ s streets last year .
Hong Kong has been able to hang on thanks to the US Federal Reserve cutting rates .
While this has eased the pressure on the Hong Kong dollar in the midst @ @ @ @ @ @ @ the Coronavirus Pandemic everyone is using for political gains globally , the clock is ticking on the peg .
The Hong Kong Monetary Authority is clearly running out of options .
Under this new threat from the political changes , the question is how long its currency can hold the line appears shorter by the Day .
For the past 37 years , the city has run a managed peg , tying the Hong Kong currency to the US dollar after a long stint being tied to the British pound .
Right now @ @ @ @ @ @ @ band between HK $ 7.75-7.85 .
Traditionally , when a nation pegs its currency to another , then the differences in market interest rates should be marginal at best .
However , this interest rate spread between the greenback and the Hong Kong market rates is warning that the economic differences are surfacing .
The demand for the Hong Kong dollar is shifting , and this brings the currency in short supply given the economic contraction due to the virus .
Add this new political shift and the Hong Kong Monetary Authority will @ @ @ @ @ @ @ supply of Hong Kong dollars in an effort to support the economy and try to prevent interest rates from rise in the face of a new political risk .
The pressure to crack the peg will begin in June .

by Martin Armstrong
China’s Communist Party will impose a sweeping national security law in Hong Kong during the annual meeting of its top political body, criminalizing “foreign interference” along with secessionist activities and subversion of state power. This is directed at the protests for independence. It is a very dramatic and bold move that unquestionably undermines Hong Kong’s autonomy. This will threaten Hong Kong as a global financial hub and is already impacting the HK$ peg which may break in June.
This has been a 23-year run under the “one country, two systems” framework that has allowed the territory to enjoy a level of autonomy. That is coming to an end. Hong Kong’s political freedoms have been eroding, but now Beijing signaled that the national security law will be a new tool that allows it to directly tackle the political dissent that erupted on Hong Kong’s streets last year.
Hong Kong has been able to hang on thanks to the US Federal Reserve cutting rates. While this has eased the pressure on the Hong Kong dollar in the midst of this deepening political crisis intermixed with the Coronavirus Pandemic everyone is using for political gains globally, the clock is ticking on the peg.
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The Hong Kong Monetary Authority is clearly running out of options. Under this new threat from the political changes, the question is how long its currency can hold the line appears shorter by the Day. For the past 37 years, the city has run a managed peg, tying the Hong Kong currency to the US dollar after a long stint being tied to the British pound. Right now, the greenback trades in a narrow band between HK$7.75-7.85.
Traditionally, when a nation pegs its currency to another, then the differences in market interest rates should be marginal at best. However, this interest rate spread between the greenback and the Hong Kong market rates is warning that the economic differences are surfacing. The demand for the Hong Kong dollar is shifting, and this brings the currency in short supply given the economic contraction due to the virus. Add this new political shift and the Hong Kong Monetary Authority will have little choice but to increase the supply of Hong Kong dollars in an effort to support the economy and try to prevent interest rates from rise in the face of a new political risk.
The pressure to crack the peg will begin in June.


investmentwatchblog--2020-05-22--MARK DICE: MSNBC TOTAL MELTDOWN!

MARK DICE: MSNBC TOTAL MELTDOWN!

Did you catch that at 1:07 ?
“ He can undermine what people think and control them , that is @ @ @ @

Did you catch that at 1:07? “He can undermine what people think and control them, that is our job”…
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AC


investmentwatchblog--2020-05-22--Hong Kong activists called for a protest march on Friday against Beijing’s plans to impose national

Hong Kong activists called for a protest march on Friday against Beijing’s plans to impose national security legislation in the city

HONG KONG , May 22 ( Reuters ) – Hong Kong activists called for a protest march on Friday against @ @ @ @ @ national security legislation in the semiautonomous city , raising concerns over its freedoms and its @ @ @ @ @ hub.t.co/CclqX9SXhz

HONG KONG, May 22 (Reuters) – Hong Kong activists called for a protest march on Friday against Beijing's plans to impose national security legislation in the semiautonomous city, raising concerns over its freedoms and its status as a global financial hub.t.co/CclqX9SXhz
— Vincent Lee (@Rover829) May 22, 2020


investmentwatchblog--2020-05-22--Pelosi and Schumer want you to pay for lush lifestyle of New York and California

They want the poor working folks to pay for their failures , the illegal aliens health care .
If Biden were President this will happen .
Can you afford to help the rich pay for their extravagance and slaves from South America ?
Pelosi ’ s New 3 Trillion Dollar Stimulus Bill is a Joke – Full of her liberal wish list items Including many items not relating to helping the economy or fighting corona virus like : • Requires review of those detained by ICE so certain illegal immigrants can be released • Authorizes illegal immigrants to work during @ @ @ @ @ @ @ unrelated to combatting COVID-19 including : o $ 50M to Legal Services Corporation o $ 50M to the EPA in “ environmental justice grants ” o $ 10M to National Endowment of the Arts o $ 10M to National Endowment of the Humanities • Federalizes the entire election process and takes power away from the states • Calls for mailed absentee ballots to be sent to every voter permanently • Permits same day voter registration nationwide which would lengthen voting lines Pelosi ’ s Latest $ 3 Trillion Stimulus Plan Is Unlawful — @ @ @ @ @ @ @ it a Felony to Give Free Cash to Illegal Pelosi ’ s Latest $ 3 Trillion Stimulus Plan Is Unlawful — Supreme Court Decision 10 DAYS AGO Makes it a Felony to Give Free Cash to Illegal Aliens The Supreme Court unanimously upheld a federal law struck down by an appeals court that forbids encouraging illegal aliens to remain in the U.S. unlawfully in a decision Thursday .
The Supreme Court ruled on the law on May 7 , 2020 , ten days ago .
That ruling was just 10 Days ago !
@ @ @ @ @ @ @ Pelosi and House Democrats from passing a $ 3 trillion spending bill that gives illegal aliens in American $ 1,200 stimulus check !

by Xeven
They want the poor working folks to pay for their failures, the illegal aliens health care. If Biden were President this will happen.
Can you afford to help the rich pay for their extravagance and slaves from South America?
Pelosi’s New 3 Trillion Dollar Stimulus Bill is a Joke – Full of her liberal wish list items
Including many items not relating to helping the economy or fighting corona virus like:
“Incentives for Illegal Immigration:
• Awards federal funding to sanctuary cities
• Requires review of those detained by ICE so certain illegal immigrants can be released
• Prevents the deportation of illegal immigrants
• Authorizes illegal immigrants to work during this crisis
• Allows illegal immigrants to collect Economic Impact Payments
Wasteful Spending:
• Provides funding to matters unrelated to combatting COVID-19 including:
o $125M to National Science Foundation
o $50M to Legal Services Corporation o $50M to the EPA in “environmental justice grants”
o $40M to U.S. Geological Survey
We are primarily funded by readers. Please subscribe and donate to support us!
o $10M to National Endowment of the Arts
o $10M to National Endowment of the Humanities
Wholesale Election Law Changes:
• Federalizes the entire election process and takes power away from the states
• Calls for mailed absentee ballots to be sent to every voter permanently
• Permits same day voter registration nationwide which would lengthen voting lines
• Codifies ballot harvesting
• Enacts national vote by mail
• Prevents states from having voter ID requirements”
Pelosi’s Latest $3 Trillion Stimulus Plan Is Unlawful — Supreme Court Decision 10 DAYS AGO Makes it a Felony to Give Free Cash to Illegal
Pelosi’s Latest $3 Trillion Stimulus Plan Is Unlawful — Supreme Court Decision 10 DAYS AGO Makes it a Felony to Give Free Cash to Illegal Aliens
The Supreme Court unanimously upheld a federal law struck down by an appeals court that forbids encouraging illegal aliens to remain in the U.S. unlawfully in a decision Thursday.
The Supreme Court ruled on the law on May 7, 2020, ten days ago.
That ruling was just 10 Days ago!
But that didn’t stop Nancy Pelosi and House Democrats from passing a $3 trillion spending bill that gives illegal aliens in American $1,200 stimulus check!


investmentwatchblog--2020-05-22--THIS IS CNN: Chris Cuomo’s COVID-19 Interviews With Andrew Cuomo Are Disgraceful.

On Wednesday , CNN primetime anchor Chris Cuomo interviewed New York Gov .
Andrew Cuomo ( D ) , for the 10th time since the coronavirus pandemic began .
The TV host ’ s hardest-hitting question for his older brother was whether the COVID-19 testing swabs are too small for his gigantic nose .
“ [ The nurse told me ] that I have a little button nose , ” the governor countered .
It was a moment that should have embarrassed CNN , whose journalists frequently—and often justifiably—criticize other networks for lobbing softball questions at President Donald Trump .
@ @ @ @ @ @ @ have decided to let his bad family comedy routine play out night after night , as the brothers fake-argue about which one is mom ’ s favorite , who would win in a fight , and where the tomato sauce recipe went .
Some viewers might appreciate an occasional light-hearted break from the constant stream of grim COVID-19 news , but this is getting ridiculous .
The U.S. has now suffered an estimated 95,000 COVID-19 deaths , with 22,000 in the state of New York alone .
Andrew Cuomo is the governor of @ @ @ @ @ @ @ made have some bearing on that number .
On March 25 , for instance , Cuomo ordered nursing homes to admit seniors who had tested positive for the coronavirus : a wave of deaths in senior care facilities followed that decision .
Grilling him about this misstep is no less vital than grilling Trump about his handling of the crisis—a task that CNN relishes .

via reason
On Wednesday, CNN primetime anchor Chris Cuomo interviewed New York Gov. Andrew Cuomo (D), for the 10th time since the coronavirus pandemic began. The TV host’s hardest-hitting question for his older brother was whether the COVID-19 testing swabs are too small for his gigantic nose.
“[The nurse told me] that I have a little button nose,” the governor countered.
It was a moment that should have embarrassed CNN, whose journalists frequently—and often justifiably—criticize other networks for lobbing softball questions at President Donald Trump. And yet Chris Cuomo’s employers have decided to let his bad family comedy routine play out night after night, as the brothers fake-argue about which one is mom’s favorite, who would win in a fight, and where the tomato sauce recipe went.
Some viewers might appreciate an occasional light-hearted break from the constant stream of grim COVID-19 news, but this is getting ridiculous. The U.S. has now suffered an estimated 95,000 COVID-19 deaths, with 22,000 in the state of New York alone. Andrew Cuomo is the governor of that state, and the decisions he made have some bearing on that number. On March 25, for instance, Cuomo ordered nursing homes to admit seniors who had tested positive for the coronavirus: a wave of deaths in senior care facilities followed that decision. Grilling him about this misstep is no less vital than grilling Trump about his handling of the crisis—a task that CNN relishes.


investmentwatchblog--2020-05-22--US Secretary of State: The United States condemns the PRC proposal to impose national security legis

US Secretary of State: The United States condemns the PRC proposal to impose national security legislation on Hong Kong and strongly urges Beijing to reconsider. We stand with the people of Hong Kong.

Nancy Pelosi has condemned the CCP as well .
People all across the political spectrum are outraged .
It ’ s nice to see bipartisanship at work .
Hopefully strong legislation comes in time to help the people of HK .
Very sad to see what ’ s happening , lots of love and support from Canada .
CRITICAL : Mike Pompeo attacks China and says ‘ we stand with Australia ’ The US secretary of state criticises China ’ s handling of the coronavirus outbreak , while backing Australia ’ s push for an investigation into the origins of @ @ @ @ @ @ @ Mike Pompeo attacks the Chinese Communist party , declaring it ‘ ideologically and politically hostile to free The US secretary of state criticises China ’ s handling of the coronavirus outbreak , while backing Australia ’ s push for an investigation into the origins of Covid-19 .
In a media address , Mike Pompeo attacks the Chinese Communist party , declaring it ‘ ideologically and politically hostile to free nations ’ .
His comments come after China slapped 80 % tariffs on Australian barley exports and continue similar rhetoric from the Trump administration @ @ @ @ @ @

by NineteenEighty9
The United States condemns the PRC proposal to impose national security legislation on Hong Kong and strongly urges Beijing to reconsider. We stand with the people of Hong Kong. — Secretary Pompeo (@SecPompeo) May 22, 2020
Nancy Pelosi has condemned the CCP as well. People all across the political spectrum are outraged. It’s nice to see bipartisanship at work. Hopefully strong legislation comes in time to help the people of HK. Very sad to see what’s happening, lots of love and support from Canada.
CRITICAL: Mike Pompeo attacks China and says ‘we stand with Australia’
We are primarily funded by readers. Please subscribe and donate to support us!
The US secretary of state criticises China’s handling of the coronavirus outbreak, while backing Australia’s push for an investigation into the origins of Covid-19. In a media address, Mike Pompeo attacks the Chinese Communist party, declaring it ‘ideologically and politically hostile to free
The US secretary of state criticises China’s handling of the coronavirus outbreak, while backing Australia’s push for an investigation into the origins of Covid-19. In a media address, Mike Pompeo attacks the Chinese Communist party, declaring it ‘ideologically and politically hostile to free nations’. His comments come after China slapped 80% tariffs on Australian barley exports and continue similar rhetoric from the Trump administration that is increasingly critical of Beijing


investmentwatchblog--2020-05-22--China Dares Trump to Hit Back With Hong Kong Power Grab…  State-Security Agents to Police City…  Tai

China Dares Trump to Hit Back With Hong Kong Power Grab…  State-Security Agents to Police City…  Taiwan Next?

On the first day of China ’ s biggest political event of the year , Xi Jinping sent a clear message to Donald Trump : We ’ re going to do what we want in Hong Kong , and we ’ re not scared of the consequences .
China confirmed on Friday that it would effectively bypass the city ’ s legislature to implement national security laws , which have long been resisted by residents who fear they will erode freedoms of speech , assembly and the press .
The announcement , which came on the same day China refrained @ @ @ @ @ @ @ the first time in decades , triggered immediate calls for fresh protests and sent the MSCI Hong Kong index to its worst loss since 2008 .
For Xi , the move allows Beijing to reassert dominance over a piece of Chinese territory where his government was rendered impotent during sometimes-violent protests last year .
Facing rising unemployment in the mainland due to the Covid-19 outbreak and the potential for a big loss in Hong Kong legislative elections set for September , the Communist Party decided it had more to gain by acting decisively @ @ @ @ @ @ @ Xi feels threatened , the leadership feels threatened — this is a crisis , ” said David Zweig , an emeritus professor at the Hong Kong University of Science and Technology and director of Transnational China Consulting Ltd. “ This is , ‘ We ’ re not going to give an inch , we ’ re going to tighten up , and Hong Kong ’ s national security as a potential subversive center is greater than its economic value.
’ ” HONG KONG—China ’ s government plans to let mainland state-security agencies operate @ @ @ @ @ @ @ Chinese official said Friday , adding to concerns about the city ’ s diminishing autonomy as Beijing steps up its efforts to rein in the protest-torn city .
Surprise plans for Beijing to impose national-security laws on Hong Kong have already stirred up considerable concern in the largely self-administered Chinese territory .
Beijing officials first mentioned the plans on Thursday , saying the measures are needed for punishing what they called acts of separatism , subversion , terrorism and foreign interference .
Wang Chen , a senior official at China ’ s legislature @ @ @ @ @ @ @ the unrest that has rocked Hong Kong since last year has “ severely threatened China ’ s sovereignty , ” which demands a national-level response , according to footage published by state broadcaster China Central Television .
“ A glaring problem at the moment is the threat to national security in the Hong Kong Special Administrative Region , which grows clearer by the day , ” Mr. Wang said on Friday , the opening day of China ’ s annual parliamentary session in Beijing .
BEIJING/TAIPEI ( Reuters ) – Chinese Premier Li @ @ @ @ @ @ @ ” on Friday in referring to Beijing ’ s desire to “ reunify ” with Chinese-claimed Taiwan , an apparent policy shift that comes as ties with Taipei continue on a downward spiral .
Taiwan has complained of increased Chinese military harassment since the coronavirus pandemic began , with fighter jets and naval vessels regularly approaching the island on drills China has described as routine .
China says Taiwan is its most sensitive and important territorial issue , and has never renounced the use of force to bring what it views as a @ @ @ @ @ @ @ the Taiwan Strait a potential military flashpoint .
Li , in his state-of-the-nation work report at the start of the annual meeting of China ’ s parliament , said his country would “ resolutely oppose and deter any separatist activities seeking Taiwan independence ” .
China will improve policies and measures to encourage exchanges and cooperation across the Taiwan Strait , and protect the well-being of Taiwan ’ s people , he added .
“ We will encourage them to join us in opposing Taiwan independence and promoting China ’ s reunification , @ @ @ @ @ @ @ efforts , we can surely create a beautiful future for the rejuvenation of the Chinese nation .
”

www.bloomberg.com/news/arti…k-with-hong-kong-power-grab?srnd=premium-asia
Bloomberg News May 22, 2020, 5:08 PM GMT+8
‘Xi feels threatened, the leadership feels threatened’
Xi’s government abandons growth target, vows stimulus
On the first day of China’s biggest political event of the year, Xi Jinping sent a clear message to Donald Trump: We’re going to do what we want in Hong Kong, and we’re not scared of the consequences.
China confirmed on Friday that it would effectively bypass the city’s legislature to implement national security laws, which have long been resisted by residents who fear they will erode freedoms of speech, assembly and the press. The announcement, which came on the same day China refrained from setting an economic growth target for the first time in decades, triggered immediate calls for fresh protests and sent the MSCI Hong Kong index to its worst loss since 2008.
For Xi, the move allows Beijing to reassert dominance over a piece of Chinese territory where his government was rendered impotent during sometimes-violent protests last year. Facing rising unemployment in the mainland due to the Covid-19 outbreak and the potential for a big loss in Hong Kong legislative elections set for September, the Communist Party decided it had more to gain by acting decisively to stem any potential threats.
“Xi feels threatened, the leadership feels threatened — this is a crisis,” said David Zweig, an emeritus professor at the Hong Kong University of Science and Technology and director of Transnational China Consulting Ltd. “This is, ‘We’re not going to give an inch, we’re going to tighten up, and Hong Kong’s national security as a potential subversive center is greater than its economic value.’”
www.elitetrader.com/et/threads/china-dares-trump-to-hit-back-with-hong-kong-power-grab.345138/
HONG KONG—China’s government plans to let mainland state-security agencies operate officially in Hong Kong, a senior Chinese official said Friday, adding to concerns about the city’s diminishing autonomy as Beijing steps up its efforts to rein in the protest-torn city.
Surprise plans for Beijing to impose national-security laws on Hong Kong have already stirred up considerable concern in the largely self-administered Chinese territory. Beijing officials first mentioned the plans on Thursday, saying the measures are needed for punishing what they called acts of separatism, subversion, terrorism and foreign interference.
Wang Chen, a senior official at China’s legislature, added to those fears, saying the unrest that has rocked Hong Kong since last year has “severely threatened China’s sovereignty,” which demands a national-level response, according to footage published by state broadcaster China Central Television. We are primarily funded by readers. Please subscribe and donate to support us! “A glaring problem at the moment is the threat to national security in the Hong Kong Special Administrative Region, which grows clearer by the day,” Mr. Wang said on Friday, the opening day of China’s annual parliamentary session in Beijing. www.wsj.com/articles/china-to-allow-state-security-agents-to-police-hong-kong-11590145427 BEIJING/TAIPEI (Reuters) – Chinese Premier Li Keqiang left out the word “peaceful” on Friday in referring to Beijing’s desire to “reunify” with Chinese-claimed Taiwan, an apparent policy shift that comes as ties with Taipei continue on a downward spiral. Taiwan has complained of increased Chinese military harassment since the coronavirus pandemic began, with fighter jets and naval vessels regularly approaching the island on drills China has described as routine. China says Taiwan is its most sensitive and important territorial issue, and has never renounced the use of force to bring what it views as a Chinese province under its control, making the Taiwan Strait a potential military flashpoint. Li, in his state-of-the-nation work report at the start of the annual meeting of China’s parliament, said his country would “resolutely oppose and deter any separatist activities seeking Taiwan independence”. China will improve policies and measures to encourage exchanges and cooperation across the Taiwan Strait, and protect the well-being of Taiwan’s people, he added. “We will encourage them to join us in opposing Taiwan independence and promoting China’s reunification,” Li said. “With these efforts, we can surely create a beautiful future for the rejuvenation of the Chinese nation.” www.reuters.com/article/us-china-parliament-taiwan/china-drops-word-peaceful-in-latest-push-for-taiwan-reunification-idUSKBN22Y06S


investmentwatchblog--2020-05-22--Liberal Elites Trying To Stop Organic Covid-19 Vaccine Opposition Groups From Growing As Distrust Of

Liberal Elites Trying To Stop Organic Covid-19 Vaccine Opposition Groups From Growing As Distrust Of The American Media Reaching All-Time High

“ I would take Trump ’ s hydroxychloroquine .
.
.
before I would be vaccinated by the left ’ s new covid-19 vaccine !
” read a meme posted Tuesday in a pro-Trump Facebook group with more than 82,000 members .
When Brett Kavanaugh was accused of sexual assault a few years ago , the Liberals demanded and got a televised and sensationalized ‘ trial-by-media ’ investigation that dragged him and his family through the mud .
“ Believe all women !
” went the rallying cry .
Kavanaugh was assailed by the Liberal media around the clock , @ @ @ @ @ @ @ found not to be guilty of what he was charged with .
Recently , Joe Biden was accused of sexual assault , and the Liberal media promptly ignored all of it , deeming it unworthy to even report on it .
“ Believe all women ” does not apply when it is Democrats who are being accused , only Conservatives .
It is the same with “ my body , my choice !
” that Liberals use to justify the slaughter of unborn babies in the womb .
“ You can ’ t @ @ @ @ @ @ @ her body ” , they say on one hand , but then they turn right around and say that if you refuse to allow the government to inject you a COVID-19 vaccine , you ’ re one of those oddball fringe conspiracy theory people .
Hey , have you been wondering why Bill Gates has been so quiet lately ?
He went from being on nearly every talk show , bragging about how he “ predicted ” the COVID-10 pandemic outbreak , to not saying hardly a word .
Do you wonder why @ @ @ @ @ @ @ why .
Bill Gates got exposed for the New World Order fraud that he is , and websites like this one have turned such a glaringly-bright spotlight on him and “ his work ” that he has been forced to take a little break .
He posted on Twitter last month and got over 75,000 comments with nearly all of them negative .
Take a look for yourself : People are standing up and saying “ no !
” to the COVID-19 vaccine before it is ever released , and the Liberal elites @ @ @ @ @ @ @ will see in today ’ s article from the Washington ComPost decrying the rights of American citizens to refuse to become indoctrinated and vaccinated .
But be warned , the New World Order elites don ’ t play fair or nice , and they will take serious action to force you to take the COVID-19 vaccine when it is available .
Make your mind up now what you will say then when it all hits the fan .
Because it will .
FUN FACT : I have never taken a flu shot , @ @ @ @ @ @ @ some of the biggest big pharma companies in the world and I know what they put in there is poison .
I won ’ t take the COVID-19 vaccine no matter who makes it , and not even the United States military can change that .
Trump ’ s promise of ‘ Warp Speed ’ fuels anti-vaccine movement in fertile corners of the Web FROM THE WASHINGTON POST : The question was posed bluntly to the nearly 100,000 members of a Facebook group devoted to ending Pennsylvania ’ s stay-at-home orders , with @ @ @ @ @ @ @ was a vaccine for coronavirus would you be likely to take it.
” The resoundingly negative answers streamed forth , generating 1,700 comments and providing a window into brewing resistance to a potential coronavirus vaccine that experts say offers the surest path back to normal life .
Some of the same online activists who have clamored to resume economic activity , echoing President Trump ’ s call to “ liberate ” their states from sweeping restrictions , are now aligning themselves with a cause on the political fringe — preemptively forswearing a vaccine @ @ @ @ @ @ @ the dangers of vaccines and to portray the scientific process as reckless , they have seized on the brisk pace promised for the project , which the Trump administration has branded “ Operation Warp Speed.
” Both movements represent the views of a small minority of Americans .
But leading medical experts fear that the ability of their adherents to spread misinformation online could plant seeds of confusion and distrust in the broader public — and undermine future efforts to distribute a vaccine .
Anthony S. Fauci , director of the National Institute @ @ @ @ @ @ @ he has grown increasingly concerned that the name of the initiative has led to misconceptions about what is being put at risk by speeding up the effort — only financial investments , not safety or efficacy .
No steps would be eliminated , he vowed .
Rather , multiple steps — from collecting data to preparing to scale up the number of potential doses — would be pursued at once , creating “ risk for the investment ” but not for the patient or the “ integrity of the study.
” “ You @ @ @ @ @ @ @ unprecedented way , and you ’ re going really fast but not compromising safety because you haven ’ t cut out any of the steps you would have done had you done it the traditional way , ” Fauci said .
Dershowitz Says The Gov Can Force You To Vaccinate But such guardrails have gone unmentioned on some of the most active platforms for coordinating opposition to measures designed to slow the spread of the virus .
One participant in a 2,000-member reopening group on Facebook suggested Trump was “ pandering to the @ @ @ @ @ @ @ market .
Another , addressing more than 26,000 fellow users , called the effort “ mad , ” linking to a video outlining a conspiracy theory about Bill Gates .
Michael Caputo , a longtime Trump adviser tapped to lead communications for the initiative as the freshly minted head of public affairs at the Department of Health and Human Services , said he was responsible for the branding .
He drew the name “ Operation Warp Speed ” from the terminology scientists were already using internally to describe their efforts , he said @ @ @ @ @ @ @ Greek and Roman mythology but struggling to find a fitting title .
Of efforts to paint the process as overly hasty , Caputo said , “ This is a concern that everyone in the operation is taking to heart.
” A White House spokesman declined to comment .
The protests against a possible vaccine extend far beyond the group focused on Pennsylvania .
A similar question appeared in a Facebook group dedicated to reopening Arizona , where a user suggested that resisting a vaccine was a reason “ to keep this Facebook group @ @ @ @ @ @ @ states begin to lift their stay-at-home orders .
“ Will you take it ?
” she asked .
Among answers spouting debunked theories about the dangers of vaccines , one user weighed in to say she was newly skeptical , in light of how the development process was proceeding .
On Twitter , more than three-quarters of posts since Monday using the hashtag # OperationWarpSpeed have pushed conspiracy theories about the effort .
Others suggested hydroxychloroquine was a more suitable option , even though the Food and Drug Administration has warned of the @ @ @ @ @ @ @ .
Trump on Monday said he was taking the drug as a preventive measure , prompting some of his supporters to double down on the unproven drug , which has been linked to increased risk of death for certain patients .
Misinformation about vaccines is still rampant on the platform , said Kolina Koltai , a postdoctoral scholar at the Center for an Informed Public at the University of Washington who has been studying anti-vaccine groups on Facebook for five years .
She first learned about the coronavirus in January , she said @ @ @ @ @ @ @ were already portraying the outbreak as a tool of government control .
The conspiracy theories that sow distrust of immunization rely on some well-founded concerns about profit and the role of industry , she said .
READ MORE

by Geoffrey Grider
“I would take Trump’s hydroxychloroquine . . . before I would be vaccinated by the left’s new covid-19 vaccine!” read a meme posted Tuesday in a pro-Trump Facebook group with more than 82,000 members.
When Brett Kavanaugh was accused of sexual assault a few years ago, the Liberals demanded and got a televised and sensationalized ‘trial-by-media’ investigation that dragged him and his family through the mud. “Believe all women!” went the rallying cry. Kavanaugh was assailed by the Liberal media around the clock, right up to the moment he was found not to be guilty of what he was charged with. Recently, Joe Biden was accused of sexual assault, and the Liberal media promptly ignored all of it, deeming it unworthy to even report on it. “Believe all women” does not apply when it is Democrats who are being accused, only Conservatives.
It is the same with “my body, my choice!” that Liberals use to justify the slaughter of unborn babies in the womb. “You can’t tell a woman what to do with her body”, they say on one hand, but then they turn right around and say that if you refuse to allow the government to inject you a COVID-19 vaccine, you’re one of those oddball fringe conspiracy theory people.
Hey, have you been wondering why Bill Gates has been so quiet lately? He went from being on nearly every talk show, bragging about how he “predicted” the COVID-10 pandemic outbreak, to not saying hardly a word. Do you wonder why that is? Let me tell you why. Bill Gates got exposed for the New World Order fraud that he is, and websites like this one have turned such a glaringly-bright spotlight on him and “his work” that he has been forced to take a little break. He posted on Twitter last month and got over 75,000 comments with nearly all of them negative. Take a look for yourself:
Bill Gates ✔@BillGates Halting funding for the World Health Organization during a world health crisis is as dangerous as it sounds. Their work is slowing the spread of COVID-19 and if that work is stopped no other organization can replace them. The world needs @WHO now more than ever. 383K Twitter Ads info and privacy 173K people are talking about this
People are standing up and saying “no!” to the COVID-19 vaccine before it is ever released, and the Liberal elites are not happy about that as you will see in today’s article from the Washington ComPost decrying the rights of American citizens to refuse to become indoctrinated and vaccinated. But be warned, the New World Order elites don’t play fair or nice, and they will take serious action to force you to take the COVID-19 vaccine when it is available. Make your mind up now what you will say then when it all hits the fan. Because it will.
FUN FACT: I have never taken a flu shot, why? Because I have worked for some of the biggest big pharma companies in the world and I know what they put in there is poison. I won’t take the COVID-19 vaccine no matter who makes it, and not even the United States military can change that.
Trump’s promise of ‘Warp Speed’ fuels anti-vaccine movement in fertile corners of the Web
FROM THE WASHINGTON POST: The question was posed bluntly to the nearly 100,000 members of a Facebook group devoted to ending Pennsylvania’s stay-at-home orders, with a user writing, “if there was a vaccine for coronavirus would you be likely to take it.”
“Absolutely not.”
“No.”
“Never.”
The resoundingly negative answers streamed forth, generating 1,700 comments and providing a window into brewing resistance to a potential coronavirus vaccine that experts say offers the surest path back to normal life. Some of the same online activists who have clamored to resume economic activity, echoing President Trump’s call to “liberate” their states from sweeping restrictions, are now aligning themselves with a cause on the political fringe — preemptively forswearing a vaccine. To further their baseless claims about the dangers of vaccines and to portray the scientific process as reckless, they have seized on the brisk pace promised for the project, which the Trump administration has branded “Operation Warp Speed.”
We are primarily funded by readers. Please subscribe and donate to support us!
“WE’RE LOOKING TO GET IT BY THE END OF THE YEAR IF WE CAN,” THE PRESIDENT SAID FRIDAY.
Both movements represent the views of a small minority of Americans. But leading medical experts fear that the ability of their adherents to spread misinformation online could plant seeds of confusion and distrust in the broader public — and undermine future efforts to distribute a vaccine.
Anthony S. Fauci, director of the National Institute of Allergy and Infectious Diseases, said he has grown increasingly concerned that the name of the initiative has led to misconceptions about what is being put at risk by speeding up the effort — only financial investments, not safety or efficacy.
“PEOPLE DON’T UNDERSTAND THAT, BECAUSE WHEN THEY HEAR ‘OPERATION WARP SPEED,’ THEY THINK, ‘OH, MY GOD, THEY’RE JUMPING OVER ALL THESE STEPS AND THEY’RE GOING TO PUT US AT RISK,’ ” FAUCI SAID IN AN INTERVIEW WEDNESDAY WITH THE WASHINGTON POST.
No steps would be eliminated, he vowed. Rather, multiple steps — from collecting data to preparing to scale up the number of potential doses — would be pursued at once, creating “risk for the investment” but not for the patient or the “integrity of the study.”
“You’re doing things in a totally unprecedented way, and you’re going really fast but not compromising safety because you haven’t cut out any of the steps you would have done had you done it the traditional way,” Fauci said.
Dershowitz Says The Gov Can Force You To Vaccinate
But such guardrails have gone unmentioned on some of the most active platforms for coordinating opposition to measures designed to slow the spread of the virus. One participant in a 2,000-member reopening group on Facebook suggested Trump was “pandering to the left” by speeding a vaccine to market. Another, addressing more than 26,000 fellow users, called the effort “mad,” linking to a video outlining a conspiracy theory about Bill Gates.
Michael Caputo, a longtime Trump adviser tapped to lead communications for the initiative as the freshly minted head of public affairs at the Department of Health and Human Services, said he was responsible for the branding. He drew the name “Operation Warp Speed” from the terminology scientists were already using internally to describe their efforts, he said, after initially toying with names from Greek and Roman mythology but struggling to find a fitting title.
Of efforts to paint the process as overly hasty, Caputo said, “This is a concern that everyone in the operation is taking to heart.” A White House spokesman declined to comment. The protests against a possible vaccine extend far beyond the group focused on Pennsylvania. A similar question appeared in a Facebook group dedicated to reopening Arizona, where a user suggested that resisting a vaccine was a reason “to keep this Facebook group strong and going,” even as states begin to lift their stay-at-home orders. “Will you take it?” she asked. Among answers spouting debunked theories about the dangers of vaccines, one user weighed in to say she was newly skeptical, in light of how the development process was proceeding.
On Twitter, more than three-quarters of posts since Monday using the hashtag #OperationWarpSpeed have pushed conspiracy theories about the effort. Others suggested hydroxychloroquine was a more suitable option, even though the Food and Drug Administration has warned of the antimalarial drug’s possible side effects. Trump on Monday said he was taking the drug as a preventive measure, prompting some of his supporters to double down on the unproven drug, which has been linked to increased risk of death for certain patients.
“I WOULD TAKE TRUMP’S HYDROXYCHLOROQUINE . . . BEFORE I WOULD BE VACCINATED BY THE LEFT’S NEW COVID-19 VACCINE!” READ A MEME POSTED TUESDAY IN A PRO-TRUMP FACEBOOK GROUP WITH MORE THAN 82,000 MEMBERS.
Misinformation about vaccines is still rampant on the platform, said Kolina Koltai, a postdoctoral scholar at the Center for an Informed Public at the University of Washington who has been studying anti-vaccine groups on Facebook for five years. She first learned about the coronavirus in January, she said, because the online communities she tracks were already portraying the outbreak as a tool of government control.
The conspiracy theories that sow distrust of immunization rely on some well-founded concerns about profit and the role of industry, she said. READ MORE


investmentwatchblog--2020-05-22--Ukraine judge orders Joe Biden be listed as alleged perpetrator of crime in prosecutor’s firing

Latest twist in Ukraine impeachment drama could stretch into Biden ’ s fall campaign as fired prosecutor seeks legal remedy @ @ @ @ @ vice president , according to an official English translation of the ruling obtained by Just @ @ @ @ @ had previously ordered the Prosecutor General ’ s Office and the State Bureau of Investigations @ @ @ @ @ ’ s claim that he was fired in spring 2016 under pressure from Biden because @ @ @ @ @ , the natural gas company where Biden ’ s son Hunter worked .

Latest twist in Ukraine impeachment drama could stretch into Biden’s fall campaign as fired prosecutor seeks legal remedy in courts.
former U.S. vice president, according to an official English translation of the ruling obtained by Just the News.
The court had previously ordered the Prosecutor General’s Office and the State Bureau of Investigations in February to investigate Shokin’s claim that he was fired in spring 2016 under pressure from Biden because he was investigating Burisma Holdings, the natural gas company where Biden’s son Hunter worked.
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justthenews.com/accountability/russia-and-ukraine-scandals/ukraine-judge-orders-joe-biden-be-listed-alleged
h/t Goneviral


investmentwatchblog--2020-05-22--CRITICAL Price Level Could Prompt A BIG MOVE In The Stock Market After Holiday

by Chris Vermeulen of The Technical Traders As technical traders and researchers , we ’ ve been paying very close attention to the GREEN ARC Fibonacci resistance level on the SPY as a key level for the US stock market and any hope of a continued upside price rally .
The SPY has traded near this level for the past three weeks and appears to be attempting a bit of an upside breakout right now .
Yet , we understand a long holiday weekend is upon us in the US , Memorial Day , and after a big upside GAP @ @ @ @ @ @ @ has stalled over the past few days .
Our researchers believe this GREEN ARC is still acting as critical price resistance and believe the SPY may sell off into the end of the week resulting in a failed attempt to breach this key resistance level .
If this happens , the failed attempt to break this resistance could prompt a change in price trend and initiate a new downside price trend .
If this resistance level is broken by the end of this week , then we have a pretty solid indicator that @ @ @ @ @ @ @ Absent of any real news that may drive the market trend this holiday weekend and with most of the US still in shutdown mode , we believe the US stock market has continued to trade within this no man ’ s land area for many weeks now .
From the end of April till now , we ’ ve seen moderate upside price action in certain sectors , yet other sectors continue to show signs of weakness .
Before we continue , be sure to opt-in to our free market trend signals before @ @ @ @ @ @ @ ’ t miss our next special report !
This Transportation Index Weekly chart is a perfect example of the weakness that is evident away from the S & P500 , NASDAQ , and Dow Industrials .
Compare the last 6+ weeks of trading on this TRAN chart to the SPY chart above .
Notice that the TRAN chart shows a very congested sideways price channel ( highlighted in YELLOW ) as well as a much deeper upside price move from the lows near March 20 .
While the US major indexes have rallied @ @ @ @ @ @ @ not experiencing the upside price advance and continue to suggest overall weakness .
This disconnect in the markets suggests speculation is driving the US major indexes higher and not real fundamental appreciation based on earnings and revenues .
When this speculation ends , typically when speculators realize the price has been driven a bit too high compared to reality , then the trend can change in an instant .
This IWM Russell 2000 ETF Weekly chart highlights a similarly week upside price rally since the March 20th bottom .
The WHITE LINE on @ @ @ @ @ @ @ early trading low price levels in 2017 .
Our research team believes these levels represent a very important support/resistance level for the Russell 2000 ETF as this level coincides with the GAP in price that was generated within the recent selloff on March 9 , 2020 .
That GAP cleared this key support/resistance level with a very big downside price move .
We believe this level will act as intense resistance as price attempts to fill the GAP .
Overall , the US stock market has continued to trade within this no man @ @ @ @ @ @ @ been some pretty decent upside price moves in certain sectors over the past few weeks .
Precious metals , certain travel/leisure stocks , and , of course , technology and services stocks .
Yet , we continue to warn our friends and followers to be very aware that the US stock market is far from immune to more downside price activity .
A deep selloff like we experienced will very often react with a “ recovery move ” – a dead cat bounce type of move .
While the NQ has been a @ @ @ @ @ @ @ we may be nearing a tipping point and we urge technical traders to stay very aware of the risks as we head into this long holiday weekend .
I ’ ve been trading since 1997 and I ’ ve lived through numerous market events .
The one thing I teach my members is that risk is always a big part of trading and that ’ s why I structure all of my research and trading signals around “ finding profits while reducing overall risks ” .
Sure , there are fast profits to @ @ @ @ @ @ @ , but those types of trades are extremely risky for most people – and I don ’ t know of anyone that wants to risk 50 or 60 % of their assets on a few wild trades .
You don ’ t have to spend days or weeks trying to learn my system .
You don ’ t have to try to learn to make these decisions on your own or follow the markets 24/7 – I do that for you .
All you have to do is follow my research and trading @ @ @ @ @ @ @ and trades .
My new mobile app makes it simple – download the app , sign in and everything is delivered to your phone , tablet , or desktop .
Please take a moment to visit www.TheTechnicalTraders.com to learn more .
I can ’ t say it any better than this… I want to help you create success while helping you protect and preserve your wealth – it ’ s that simple .

by Chris Vermeulen of The Technical Traders
As technical traders and researchers, we’ve been paying very close attention to the GREEN ARC Fibonacci resistance level on the SPY as a key level for the US stock market and any hope of a continued upside price rally. The SPY has traded near this level for the past three weeks and appears to be attempting a bit of an upside breakout right now. Yet, we understand a long holiday weekend is upon us in the US, Memorial Day, and after a big upside GAP on Monday, the US stock market has stalled over the past few days.
Our researchers believe this GREEN ARC is still acting as critical price resistance and believe the SPY may sell off into the end of the week resulting in a failed attempt to breach this key resistance level. If this happens, the failed attempt to break this resistance could prompt a change in price trend and initiate a new downside price trend. If this resistance level is broken by the end of this week, then we have a pretty solid indicator that continued bullish price trending may continue.
Absent of any real news that may drive the market trend this holiday weekend and with most of the US still in shutdown mode, we believe the US stock market has continued to trade within this no man’s land area for many weeks now. From the end of April till now, we’ve seen moderate upside price action in certain sectors, yet other sectors continue to show signs of weakness.
SPDR S&P500 ETF WEEKLY CHART
Before we continue, be sure to opt-in to our free market trend signals
before closing this page, so you don’t miss our next special report!
TRANSPORTATION INDEX WEEKLY CHART
This Transportation Index Weekly chart is a perfect example of the weakness that is evident away from the S&P500, NASDAQ, and Dow Industrials. Compare the last 6+ weeks of trading on this TRAN chart to the SPY chart above. Notice that the TRAN chart shows a very congested sideways price channel (highlighted in YELLOW) as well as a much deeper upside price move from the lows near March 20. While the US major indexes have rallied substantially, the broader market indexes are not experiencing the upside price advance and continue to suggest overall weakness.
We are primarily funded by readers. Please subscribe and donate to support us!
This disconnect in the markets suggests speculation is driving the US major indexes higher and not real fundamental appreciation based on earnings and revenues. When this speculation ends, typically when speculators realize the price has been driven a bit too high compared to reality, then the trend can change in an instant.
ISHARES RUSSELL 2000 ETF WEEKLY CHART
This IWM Russell 2000 ETF Weekly chart highlights a similarly week upside price rally since the March 20th bottom. The WHITE LINE on this chart represents a support/resistance level from early trading low price levels in 2017. Our research team believes these levels represent a very important support/resistance level for the Russell 2000 ETF as this level coincides with the GAP in price that was generated within the recent selloff on March 9, 2020. That GAP cleared this key support/resistance level with a very big downside price move. We believe this level will act as intense resistance as price attempts to fill the GAP.
CONCLUDING THOUGHTS:
Overall, the US stock market has continued to trade within this no man’s land recently. There have been some pretty decent upside price moves in certain sectors over the past few weeks. Precious metals, certain travel/leisure stocks, and, of course, technology and services stocks. Yet, we continue to warn our friends and followers to be very aware that the US stock market is far from immune to more downside price activity. A deep selloff like we experienced will very often react with a “recovery move” – a dead cat bounce type of move. While the NQ has been a big mover, these other sectors suggest we may be nearing a tipping point and we urge technical traders to stay very aware of the risks as we head into this long holiday weekend.
I’ve been trading since 1997 and I’ve lived through numerous market events. The one thing I teach my members is that risk is always a big part of trading and that’s why I structure all of my research and trading signals around “finding profits while reducing overall risks”. Sure, there are fast profits to be made in these wild market swings, but those types of trades are extremely risky for most people – and I don’t know of anyone that wants to risk 50 or 60% of their assets on a few wild trades.
You don’t have to spend days or weeks trying to learn my system. You don’t have to try to learn to make these decisions on your own or follow the markets 24/7 – I do that for you. All you have to do is follow my research and trading signals and start benefiting from my research and trades. My new mobile app makes it simple – download the app, sign in and everything is delivered to your phone, tablet, or desktop.
Please take a moment to visit www.TheTechnicalTraders.com to learn more. I can’t say it any better than this… I want to help you create success while helping you protect and preserve your wealth – it’s that simple.
Chris Vermeulen
Chief Market Strategist
www.TheTechnicalTraders.com


investmentwatchblog--2020-05-23--Professors around America have been caught selling secret research to the Chinese Communist Regime.

Professors around America have been caught selling secret research to the Chinese Communist Regime. The national media won’t cover it, so here’s a list of who have been caught so far.

• This UCLA professor was caught selling Air Force/Navy missile secrets to the Chinese .
He ’ s facing 219 years in prison .
• The head of the Chemistry Dept .
at Harvard was caught secretly taking $ 1.5 million from the Chinese to set up a medical research lab in…WUHAN .
In addition , he was paid up to $ 50,000 a month for other research he smuggled to the Chinese .
• This professor from the University of Kansas had 2 research contracts with the Department of Energy .
Turns out he was secretly working for the @ @ @ @ @ @ @ along .
He now faces 50 years in prison .
• This is Zaosong Zheng .
He was caught trying to smuggle 21 vials of cancer research from a Harvard medical lab to the Chinese goverment .
He now faces 30+ years in prison .
• This Professor from the world renowned Cleveland Clinic was secretly giving information to the Chinese while receiving $ 3.6 million in tax-payer funding for his “ research ” .
• This Professor in West Virginia took “ paternity leave ” … then flew alone to China to @ @ @ @ @ @ @ There , he was given a half million dollar “ research subsidy ” along with over $ 250,000 in “ living stipends.
” • This Professor in Arkansas was applying for a federal research grant from NASA when an investigation showed he was simultaneously receiving payments from the Chinese government .
I ’ m sure it was just an accident that he forgot to disclose that part .
• This Professor in Tennessee faces 6 felony charges after trying to cover up his secret work with the Chinese while applying for a research @ @ @ @ @ @ @ in Georgia was fired after it was discovered he tried to cover up money he ’ d been paid by the Chinese government , while conducting research with the National Institutes of Health .
Why do 75 American colleges have Chinese Communist Party funded “ Confucius Institutes ” on campus ?
The Pentagon says they ’ re national security threats and China admits they ’ re propaganda centers .
A recent investigation found 48 colleges broke the law in failing to report tens of millions in donations from China .
• If there @ @ @ @ @ @ @ the law to hide donations ?
• What does China gain from donating millions to American colleges ?
We had almost zero evidence of foreign interference in our elections , and half the country freaked out .
Now , we have endless evidence of foreign interference on our campuses , and no one is batting an eye .
People on campus are afraid to question China ’ s influence efforts for fear of being labeled xenophobic or racist .
Colleges are so concerned about being called “ intolerant ” that they let a @ @ @ @ @ @ @ will call you a conspiracy theorist if you question why China is secretly spending millions on buying off American professors .
Ask those people if they believe China is just doing all this out of the goodness of their hearts .

by bgny
This UCLA professor was caught selling Air Force/Navy missile secrets to the Chinese. He’s facing 219 years in prison. The head of the Chemistry Dept. at Harvard was caught secretly taking $1.5 million from the Chinese to set up a medical research lab in…WUHAN. In addition, he was paid up to $50,000 a month for other research he smuggled to the Chinese. This professor from the University of Kansas had 2 research contracts with the Department of Energy. Turns out he was secretly working for the Chinese and smuggling research to them all along. He now faces 50 years in prison. This is Zaosong Zheng. He was caught trying to smuggle 21 vials of cancer research from a Harvard medical lab to the Chinese goverment. He now faces 30+ years in prison. This Professor from the world renowned Cleveland Clinic was secretly giving information to the Chinese while receiving $3.6 million in tax-payer funding for his “research”. This Professor in West Virginia took “paternity leave”… then flew alone to China to secretly conduct research for their government. There, he was given a half million dollar “research subsidy” along with over $250,000 in “living stipends.” This Professor in Arkansas was applying for a federal research grant from NASA when an investigation showed he was simultaneously receiving payments from the Chinese government. I’m sure it was just an accident that he forgot to disclose that part. This Professor in Tennessee faces 6 felony charges after trying to cover up his secret work with the Chinese while applying for a research grant through NASA. This Professor in Georgia was fired after it was discovered he tried to cover up money he’d been paid by the Chinese government, while conducting research with the National Institutes of Health.
Why do 75 American colleges have Chinese Communist Party funded “Confucius Institutes” on campus? The Pentagon says they’re national security threats and China admits they’re propaganda centers.
A recent investigation found 48 colleges broke the law in failing to report tens of millions in donations from China.
If there’s nothing shady, why break the law to hide donations? What does China gain from donating millions to American colleges?
We had almost zero evidence of foreign interference in our elections, and half the country freaked out. Now, we have endless evidence of foreign interference on our campuses, and no one is batting an eye.
We are primarily funded by readers. Please subscribe and donate to support us!
People on campus are afraid to question China’s influence efforts for fear of being labeled xenophobic or racist. Colleges are so concerned about being called “intolerant” that they let a communist regime exploit our country.
People will call you a conspiracy theorist if you question why China is secretly spending millions on buying off American professors. Ask those people if they believe China is just doing all this out of the goodness of their hearts.
Video: How Communist China Infiltrates U.S. Campuses & Steals Research
campusreform.org/china/


investmentwatchblog--2020-05-23--California Just Put Washington in this Economic “Catch-22”

Government bailouts are being revived , and this time , unlike during the 2008 recession , it appears large financial companies won ’ t be the only ones asking for help .
The problem is , the government may not be able to help this time .
In response to a bloated state budget and a massive debt of over $ 550 billion , Newsmax reports that California Governor Gavin Newsom is looking for a bailout from the federal government : “ The enormity of the task at hand can not just be borne by a state , ” Newsom @ @ @ @ @ @ @ a moral and ethical and economic obligation to help support the states.
” Obviously , Newsom ’ s decision to impose lockdowns in response to the coronavirus pandemic , resulting in more than 746,000 unemployed , partly explains the sudden need for cash .
Economist Robert Wenzel thinks the “ lockdown is projected to lead to a state budget shortfall this year of $ 54 billion , ” which is bound to make things more complicated .
Wenzel added another sharp critique of Newsom ’ s request for a bailout , and a @ @ @ @ @ @ @ in 2007 : It sure seems like California has been playing a dangerous debt game , first ignoring economic realities prior to the pandemic , and then asking the federal government to send bags of cash so things can keep running smoothly .
As the largest state economy in the United States , if this dangerous game blows up for California ( like it did for Greece ) , the ripple effects may prove too much for the U.S. economy to handle .
Especially if other states follow suit .
The Economic “ @ @ @ @ @ @ @ U.S .
Taxpayer This isn ’ t the first time California has begged Congress for billions in cash .
In fact , about 10 years ago , they requested $ 7 billion , but also had their spending habits criticized by Citizens Against Government Waste : With frivolous spending tendencies like this , can Newsom even be trusted to spend Congressional bailout money appropriately ?
This is an important question , but it may actually be moot .
That ’ s because the federal government ’ s hand may be forced : Thus @ @ @ @ @ @ @ Washington .
By helping California , they ’ d be rewarding financial recklessness .
But by not helping them , the U.S. economy could be dragged down by the weight of the state .
And regardless of what happens , taxpayers from the other 49 states would be caught in the middle .
Sanjay Varshney , professor of finance at California State University added a dose of reality : “ I ’ m not sure if they can keep putting unlimited amounts of money on the table to keep bailing out every part @ @ @ @ @ @ @ .
“ There ’ s just not enough dollars.
” Finally , Wenzel finished his piece by comparing the incentive behind Greece ’ s bailout in 2007 to Governor Newsom ’ s request : So if Wenzel is right , and the incentive to bail out California isn ’ t there , any recession the U.S. encounters has the potential to be severely exacerbated by the largest state economy in the country .
Ensure Your Retirement is Healthier Than California ’ s Economy Thanks in part to Newsom ’ s coronavirus lockdown orders @ @ @ @ @ @ @ helping of budget shortfalls and pension problems .
Bottom line , the economy in California is imploding along with the state ’ s ability to pay its obligations .
But you don ’ t have to let your personal “ economy ” suffer in the same way .
So consider bolstering your savings now .
Look into retirement options that are known for their security such as diversifying with precious metals like gold and silver .
Unlike California , you may not be able to rely on government bailouts when you retire but @ @ @ @ @ @ @ plan that can make you more secure .

Photo by Flickr.com | CC BY | Photoshopped
From Birch Gold Group
Government bailouts are being revived, and this time, unlike during the 2008 recession, it appears large financial companies won’t be the only ones asking for help.
The problem is, the government may not be able to help this time.
In response to a bloated state budget and a massive debt of over $550 billion, Newsmax reports that California Governor Gavin Newsom is looking for a bailout from the federal government:
Without an infusion of at least $14 billion from Congress, Newsom said the state would have to cut billions to public schools, not to mention hundreds of millions for preschool, child care and higher education programs. It’ll also need to eat into health benefits for the poor, among other things.
“The enormity of the task at hand cannot just be borne by a state,” Newsom said. “The federal government has a moral and ethical and economic obligation to help support the states.”
Obviously, Newsom’s decision to impose lockdowns in response to the coronavirus pandemic, resulting in more than 746,000 unemployed, partly explains the sudden need for cash.
Economist Robert Wenzel thinks the “lockdown is projected to lead to a state budget shortfall this year of $54 billion,” which is bound to make things more complicated.
Wenzel added another sharp critique of Newsom’s request for a bailout, and a comparison to Greece’s economic bust in 2007:
[Newsom] is now in begging mode just like Greece was, but, whereas a lot of Greece’s financial trouble was about paying off old debt, California’s problem is about running the current state government (and also local governments).
It sure seems like California has been playing a dangerous debt game, first ignoring economic realities prior to the pandemic, and then asking the federal government to send bags of cash so things can keep running smoothly.
As the largest state economy in the United States, if this dangerous game blows up for California (like it did for Greece), the ripple effects may prove too much for the U.S. economy to handle. Especially if other states follow suit.
The Economic “Catch 22” That Can Affect Every U.S. Taxpayer
This isn’t the first time California has begged Congress for billions in cash. In fact, about 10 years ago, they requested $7 billion, but also had their spending habits criticized by Citizens Against Government Waste:
We are primarily funded by readers. Please subscribe and donate to support us!
… although California is struggling to pay for its basic necessities like education and welfare, they will still spend $3 billion over ten years on embryonic stem cell research.
With frivolous spending tendencies like this, can Newsom even be trusted to spend Congressional bailout money appropriately?
This is an important question, but it may actually be moot. That’s because the federal government’s hand may be forced:
Coronavirus has “blown a hole” through state budgets nationwide, said Jeff Chapman, director of state fiscal health at the Pew Charitable Trusts… Failing to help the states could exacerbate the recession.
Thus, it’s a Catch-22 for Washington. By helping California, they’d be rewarding financial recklessness. But by not helping them, the U.S. economy could be dragged down by the weight of the state.
And regardless of what happens, taxpayers from the other 49 states would be caught in the middle.
Sanjay Varshney, professor of finance at California State University added a dose of reality: “I’m not sure if they can keep putting unlimited amounts of money on the table to keep bailing out every part of the economy,” he said. “There’s just not enough dollars.”
Finally, Wenzel finished his piece by comparing the incentive behind Greece’s bailout in 2007 to Governor Newsom’s request:
The Germans, who were the primary objectors to a Greek bailout, had more incentive for that bailout (the banksters wanted it) than President Trump and McConnell have to bail out Newsom.
So if Wenzel is right, and the incentive to bail out California isn’t there, any recession the U.S. encounters has the potential to be severely exacerbated by the largest state economy in the country.
Ensure Your Retirement is Healthier Than California’s Economy
Thanks in part to Newsom’s coronavirus lockdown orders, California is suffering from a heaping helping of budget shortfalls and pension problems.
Bottom line, the economy in California is imploding along with the state’s ability to pay its obligations. But you don’t have to let your personal “economy” suffer in the same way.
So consider bolstering your savings now. Look into retirement options that are known for their security such as diversifying with precious metals like gold and silver.
Unlike California, you may not be able to rely on government bailouts when you retire but at least you’ll have a plan that can make you more secure.