investmentwatchblog--2020-03-16--Liquidity issues in the MBS and Treasury Markets

During today ’ s Fed call , they made a very important statement .
This statement was that “ There have been liquidity issues in the MBS and Treasury markets.
” They further went on to explain “ Even during the Repo operations , we were not seeing the liquidity that we needed , and this is what spurred us to take action.
” This is a problem .
The Treasury market is generally pretty useful for helping companies make payroll , help peg mortgage rates , and basically be a store of value .
When no one is buying @ @ @ @ @ @ @ of the markets , and equities are instead sold instead of the treasuries .
This leads to a decrease in price of equities , which is what we are seeing .
This is why the fed has lowered the reserve requirements to 0 for the banks , and they have stopped doing share buybacks , because we need this stuff to continue churning along .
The second part of this is MBS liquidity issues and in my opinion , is the smaller issue .
If any of you tried to refinance last week @ @ @ @ @ @ @ not getting quoted lower rates .
This is because no one is buying MBSes .
This caused interest rates to spike to over 4 % , which is a problem for anyone wanting to buy a house .
The reason the fed is buying them up is to lower rates for mortgages .
**So what does this all mean ?
** The fed , contrary to popular belief , is not trying to prop up the stock market .
The fed is trying to propup the actual economy at this point with their @ @ @ @ @ @ @ a problem , however the issue is that if this continues , the Fed will run out of ammo , or worse , no one but the Fed is putting money into the system .
This creates a cyclical effect where everyone is trying to get out at the same time , and you get crashes .
Variety of resources here that were talking about this before today :

by istural
During today’s Fed call, they made a very important statement. This statement was that “There have been liquidity issues in the MBS and Treasury markets.”
They further went on to explain “Even during the Repo operations, we were not seeing the liquidity that we needed, and this is what spurred us to take action.”
This is a problem. The Treasury market is generally pretty useful for helping companies make payroll, help peg mortgage rates, and basically be a store of value.
When no one is buying treasuries, people start pulling cash out of the markets, and equities are instead sold instead of the treasuries. This leads to a decrease in price of equities, which is what we are seeing. This is why the fed has lowered the reserve requirements to 0 for the banks, and they have stopped doing share buybacks, because we need this stuff to continue churning along.
The second part of this is MBS liquidity issues and in my opinion, is the smaller issue. If any of you tried to refinance last week, you would know that you are not getting quoted lower rates. This is because no one is buying MBSes. This caused interest rates to spike to over 4%, which is a problem for anyone wanting to buy a house. The reason the fed is buying them up is to lower rates for mortgages.
We are primarily funded by readers. Please subscribe and donate to support us!
**So what does this all mean?**
The fed, contrary to popular belief, is not trying to prop up the stock market. The fed is trying to propup the actual economy at this point with their actions. This isn’t necessarily a problem, however the issue is that if this continues, the Fed will run out of ammo, or worse, no one but the Fed is putting money into the system. This creates a cyclical effect where everyone is trying to get out at the same time, and you get crashes.
Variety of resources here that were talking about this before today:
finance.yahoo.com/news/plumbing-behind-worlds-financial-markets-131618535.html
www.nytimes.com/2020/03/12/business/economy/wall-street-funding-troubles-fed.html
www.cnbc.com/2020/03/15/coronavirus-mortgage-rates-will-fall-again-after-latest-fed-cut.html


investmentwatchblog--2020-03-16--NEW AUSTRALIAN GOVERNMENT CORONAVIRUS VIDEO MESSAGE: Scientists have traced the origin of the curren

NEW AUSTRALIAN GOVERNMENT CORONAVIRUS VIDEO MESSAGE: Scientists have traced the origin of the current COVID-19

The Government has made an ad about the Coronavirus and its surprisingly honest and informative .

The Government has made an ad about the Coronavirus and its surprisingly honest and informative.
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AC


investmentwatchblog--2020-03-16--Move Over Coronavirus; Is This “Repo-Virus” the True Culprit of the Crash?

There is no doubt , if stocks don ’ t stage a turnaround soon , the coronavirus could bring the U.S. economy to its knees .
But there is another entity that could cause even more panic in the markets than a virus , and that ’ s the Federal Reserve .
In fact , the Fed has already been creating uncertainty in the markets since last September .
Back then , a sudden 10 % jump in repo market borrowing costs caused panic and liquidity problems .
The Fed reacted by injecting billions in cash in attempts to restore @ @ @ @ @ @ @ of a return to quantitative easing ( QE ) started to emerge later that month .
In October , those fears were justified , even though Fed Chair Jerome Powell carefully chose the term “ organic balance sheet growth ” to mask the return to “ QE-like ” operations .
Dave Kranzler was among many people ( including us ) in December 2019 who thought a market meltdown was on the way , thanks to these ongoing Fed liquidity operations .
Which brings us to the end of February , where the meltdown @ @ @ @ @ @ @ , with a 3,800 point drop in the Dow Jones by the 28th .
The Dow briefly recovered , only to get torpedoed again ( see chart below ) : Which brings us to today .
Was this evaporation of billions in market value solely due to the coronavirus ?
Does the Federal Reserve play a key role ?
Or both ?
The “ Repo Machine ” that Could Whip the Markets into a Frenzy On Seeking Alpha , an article reveals the “ machinery ” that could be the main reason that @ @ @ @ @ @ @ caged bear : You can see how much liquidity that the Fed has injected in the repo markets in the official balance sheet : As you can see , a total of about $ 500 billion has been injected since September 2019 , which is when the Fed started the new “ repo machine ” back up .
The article by Kevin George finishes with a piece of advice , to read beyond the headlines : It sure seems like a mix of coronavirus fear and the Fed ’ s “ repo machine @ @ @ @ @ @ @ market panic and resulting correction .
It also seems like “ correction ” may be the norm , for the near term , at least .
Examine your savings , and ask yourself if they ’ re as diversified as you ’ d like for them to be .
If they ’ re not , consider assets that can help to add some counterbalance and help to preserve some measure of stability for the months to come .
Precious metals like gold and silver could help protect your savings in case this downturn @ @ @ @ @ @

From Birch Gold Group
There is no doubt, if stocks don’t stage a turnaround soon, the coronavirus could bring the U.S. economy to its knees.
But there is another entity that could cause even more panic in the markets than a virus, and that’s the Federal Reserve. In fact, the Fed has already been creating uncertainty in the markets since last September.
Back then, a sudden 10% jump in repo market borrowing costs caused panic and liquidity problems. The Fed reacted by injecting billions in cash in attempts to restore sanity (and liquidity).
Fears of a return to quantitative easing (QE) started to emerge later that month. In October, those fears were justified, even though Fed Chair Jerome Powell carefully chose the term “organic balance sheet growth” to mask the return to “QE-like” operations.
But the markets weren’t fooled.
Dave Kranzler was among many people (including us) in December 2019 who thought a market meltdown was on the way, thanks to these ongoing Fed liquidity operations.
Which brings us to the end of February, where the meltdown appears to have begun on February 24, with a 3,800 point drop in the Dow Jones by the 28th. The Dow briefly recovered, only to get torpedoed again (see chart below):
Which brings us to today. Was this evaporation of billions in market value solely due to the coronavirus? Does the Federal Reserve play a key role? Or both?
We are primarily funded by readers. Please subscribe and donate to support us!
The “Repo Machine” that Could Whip the Markets into a Frenzy
On Seeking Alpha, an article reveals the “machinery” that could be the main reason that the markets are more violent than a caged bear:
The Fed’s actions from September could have been a sign that a major bank was in trouble, or that they are beginning to lose control of the short-end of rates. The Coronavirus panic has therefore been a convenient excuse to extend the stimulus and liquidity provision by slashing rates towards zero.
You can see how much liquidity that the Fed has injected in the repo markets in the official balance sheet:
As you can see, a total of about $500 billion has been injected since September 2019, which is when the Fed started the new “repo machine” back up.
The article by Kevin George finishes with a piece of advice, to read beyond the headlines:
Most importantly, investors should read beyond the headlines and consider what’s happening in the repo market. The Federal Reserve has quietly reversed the previous tapering to flood the market with liquidity, but the repo problems started before the Coronavirus was even heard of.
It sure seems like a mix of coronavirus fear and the Fed’s “repo machine” have helped to stir the recent market panic and resulting correction.
It also seems like “correction” may be the norm, for the near term, at least.
Don’t Wait Any Longer
Examine your savings, and ask yourself if they’re as diversified as you’d like for them to be. If they’re not, consider assets that can help to add some counterbalance and help to preserve some measure of stability for the months to come.
Precious metals like gold and silver could help protect your savings in case this downturn turns into the next recession.


investmentwatchblog--2020-03-16--Chinese doctor provides clinical group study on COVID-19 and positive results of specific herbal tre

Chinese doctor provides clinical group study on COVID-19 and positive results of specific herbal treatments

“ Today , I want to share my experience treating 30 COVID-19 patients from the beginning to the end with @ @ @ @ @ single patient from admission to discharge , and I hope my experience can provide some @ @ @ @ @ of the similarities of these 30 patients is that the time of onset of their @ @ @ @ @ Admission date for all of these patients was February 4 , 2020 , except for @ @ @ @ @ admitted on February 5 , 2020 .
Through my observations of the course of their @ @ @ @ @ provide a small clinical group study .
”

“Today, I want to share my experience treating 30 COVID-19 patients from the beginning to the end with you. I treated every single patient from admission to discharge, and I hope my experience can provide some insights for you.
One of the similarities of these 30 patients is that the time of onset of their illness is relatively close. Admission date for all of these patients was February 4, 2020, except for a few patients who were admitted on February 5, 2020. Through my observations of the course of their illness, I hope to provide a small clinical group study.”


investmentwatchblog--2020-03-16--Chinese economic ESPIONAGE and research THEFT. TRAITOR Harvard PROFESSOR The Chair of Chemical Biolo

Chinese economic ESPIONAGE and research THEFT. TRAITOR Harvard PROFESSOR The Chair of Chemical Biology ARRESTED

Why Was n't This All Over the News !
The timing on this is pretty suspect… Posted by The Hodgetwins @ @ @ @ @ , 2020

Why Wasn't This All Over the News!
The timing on this is pretty suspect…
Posted by The Hodgetwins on Sunday, March 15, 2020


investmentwatchblog--2020-03-16--Cured? This video shows that another makeshift hospital for 4,000 people is built up in the outer ar

Cured ?
This video shows that another makeshift hospital for 4,000 people is built up in the outer area of @ @ @ @ @ patients have been transferred to hotels or other places for treatment .
China ’ s @ @ @ @ @ .

Cured? This video shows that another makeshift hospital for 4,000 people is built up in the outer area of Wuhan. Other clips showing patients have been transferred to hotels or other places for treatment. China’s propaganda on #COVID19 continues.
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h/t Builder


investmentwatchblog--2020-03-16--Guy Curses Out Reporter Covering People Panic Buying! “F*** You, It’s Your Fault”

Notice how they had no actual counter point or response .
Just weak millennial sarcasm .
“ Stay classy.
” @ @ @ @ @ way about those crooks , they should be held accountable and charged as a terrorist @ @ @ @ @ won ’ t happen especially since the Smith-Mundt act was repelled which allows state sponsored @ @ @ @ @

Notice how they had no actual counter point or response. Just weak millennial sarcasm. “Stay classy.”
I actually feel the same way about those crooks, they should be held accountable and charged as a terrorist group but we know that won’t happen especially since the Smith-Mundt act was repelled which allows state sponsored propaganda across the airwaves.
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en.wikipedia.org/wiki/Smith%E2%80%93Mundt_Act
h/t mission_improbables


investmentwatchblog--2020-03-16--PREPAREDNESS: Tom Del Beccaro: Coronavirus is proof that US not ready for a serious disaster.

How long will the coronavirus crisis continue ?
No one can say for sure , but the experience indicates one @ @ @ @ @ America is not ready for a major national crisis , such as the failure of @ @ @ @ @ crisis or worse .
The silver lining of the coronavirus pandemic and the economic loss @ @ @ @ @ could be that wise leaders stop using government to buy votes and instead prepare for @ @ @ @ @ month ago , a Fox News headline read : How dangerous is coronavirus ?
At @ @ @ @ @ estimated 75,000 people have been sickened globally and some 2,000 have died , leading to @ @ @ @ @ the public should be.
” Those numbers have significantly increased and , with the recent @ @ @ @ @ have come down with the virus , fear itself is becoming wide-ranging .

Watch the latest video at foxnews.com
How long will the coronavirus crisis continue?
No one can say for sure, but the experience indicates one thing is for certain: America is not ready for a major national crisis, such as the failure of an electrical grid a bioterrorist crisis or worse. The silver lining of the coronavirus pandemic and the economic loss it involves, however, could be that wise leaders stop using government to buy votes and instead prepare for us future crises.
We are primarily funded by readers. Please subscribe and donate to support us!
A month ago, a Fox News headline read: How dangerous is coronavirus? At the time, “an estimated 75,000 people have been sickened globally and some 2,000 have died, leading to questions of just how alarmed the public should be.” Those numbers have significantly increased and, with the recent news that even world leaders have come down with the virus, fear itself is becoming wide-ranging.
www.foxnews.com/opinion/tom-del-beccaro-coronavirus-is-proof-that-us-not-ready-for-a-serious-disaster


investmentwatchblog--2020-03-16--ISIS Tells Terrorists to Avoid Travelling to Europe For Jihad Because of Coronavirus

ISIS has officially advised terrorists not to travel to Europe to do attacks because they might catch coronavirus .
The @ @ @ @ @ their members to attack major European cities .
The Sunday Times of London reports that @ @ @ @ @ ’ directive in their al-Naba newsletter which warned against travel , but urged any sick @ @ @ @ @ to infect others .
The “ healthy should not enter the land of the epidemic @ @ @ @ @ exit from it , ” the newsletter said .
It also referred to the virus @ @ @ @ @ and that it is “ torment sent by God on whomsoever He wills .
”

ISIS has officially advised terrorists not to travel to Europe to do attacks because they might catch coronavirus.
The terror organization has previously encouraged their members to attack major European cities.
The Sunday Times of London reports that ISIS published a ‘sharia’ directive in their al-Naba newsletter which warned against travel, but urged any sick followers to stay — presumably to infect others.
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The “healthy should not enter the land of the epidemic and the afflicted should not exit from it,” the newsletter said. It also referred to the virus as a “plague” and that it is “torment sent by God on whomsoever He wills.”
www.thegatewaypundit.com/2020/03/isis-tells-terrorists-to-avoid-travelling-to-europe-for-jihad-because-of-coronavirus/


investmentwatchblog--2020-03-16--Forced vaccination law passed in Denmark

The far-reaching new law will remain in force until March 2021 , when it will expire under a sunset clause @ @ @ @ @ to put aside party politics and be together to do what it takes to bring @ @ @ @ @ ” Jens Elo Rytter , law professor at Copenhagen University , said the measures were @ @ @ @ @ last 75 years “ It is certainly the most extreme since the Second World War @ @ @ @ @ Jyllands-Posten newspaper .
“ There have been some powerful encroachments in various terror packages .
@ @ @ @ @ Trine Maria Ilsøe , DR ’ s court correspondent , said that Danish citizens could @ @ @ @ @ law if they refused to comply with health authorities ’ demands .
“ It means @ @ @ @ @ to a punishment if you , for example , refuse to allow yourself to be @ @ @ @ @ she said .

The far-reaching new law will remain in force until March 2021, when it will expire under a sunset clause.
“I was touched when I saw the whole Parliament standing up and voting for this,” Health Minister Magnus Heunicke told Danish state broadcaster DR after the law passed.
“It is time to put aside party politics and be together to do what it takes to bring Denmark safely through this situation.”
Jens Elo Rytter, law professor at Copenhagen University, said the measures were unlike anything passed in the last 75 years “It is certainly the most extreme since the Second World War,” he told the Jyllands-Posten newspaper. “There have been some powerful encroachments in various terror packages. But this goes further.”
Trine Maria Ilsøe, DR’s court correspondent, said that Danish citizens could face prosecution under the new law if they refused to comply with health authorities’ demands. “It means that you could be sentenced to a punishment if you, for example, refuse to allow yourself to be tested for coronavirus,” she said.


investmentwatchblog--2020-03-16--Journal Article: Mortality burden of the 1918–1919 influenza pandemic in Europe. (Italy was worst wi

Journal Article: Mortality burden of the 1918–1919 influenza pandemic in Europe. (Italy was worst with 172% extra deaths during the pandemic period.)

There was a high level of variability between the excess of mortality experienced in the 14 countries we studied , @ @ @ @ @ 33 % in Finland and a maximal value of 172 % in Italy .
Ninety @ @ @ @ @ for this variability are difficult to investigate .
We pointed out that there was a @ @ @ @ @ did not find a rationale for this gradient .
All factors that can be related @ @ @ @ @ as the existence of co‐infectious diseases , especially bacterial pneumonia and tuberculosis , or socio‐economic @ @ @ @ @ a north–south gradient .
Possible geographic determinants of the influenza mortality are cold temperature and @ @ @ @ @ low sunlight exposure , but they would have implied a higher mortality in northern countries @ @ @ @ @ we observed .

There was a high level of variability between the excess of mortality experienced in the 14 countries we studied, with a minimal value of 33% in Finland and a maximal value of 172% in Italy. Ninety years later, the reasons for this variability are difficult to investigate. We pointed out that there was a clear north–south gradient, but did not find a rationale for this gradient. All factors that can be related to the mortality burden such as the existence of co‐infectious diseases, especially bacterial pneumonia and tuberculosis, or socio‐economic status were unlikely to have a north–south gradient. Possible geographic determinants of the influenza mortality are cold temperature and vitamin D deficiency relative to low sunlight exposure, but they would have implied a higher mortality in northern countries, not the opposite as we observed.


investmentwatchblog--2020-03-16--Global Central Banks’ Capitulation (Coordination)

In no case , it will be an exaggeration to say that we are witnessing the biggest , the most @ @ @ @ @ intervention in the history of mankind ( table ) .👇 t.co/UC6ZzjY7Im pic.twitter.com/RVSy9w8SgW They are shooting @ @ @ @ @ right now .
All the key central banks around the world are easing right now @ @

In no case, it will be an exaggeration to say that we are witnessing the biggest, the most multidimensional and coordinated monetary policy intervention in the history of mankind(table).👇 t.co/UC6ZzjY7Im pic.twitter.com/RVSy9w8SgW
They are shooting the last of their ammunition right now.
All the key central banks around the world are easing right now. pic.twitter.com/8ESLM0IP4d
— Tiho Brkan (@TihoBrkan) March 16, 2020


investmentwatchblog--2020-03-16--Spain’s IBEX 35 stock index is now lower than the 2008 crisis lows

The pan-European Stoxx 600 dropped 8 % near the start of trading , travel and leisure stocks plummeting 14.3 % @ @ @ @ @ sectors and major bourses slid into the red .
Markets on Monday are reacting to @ @ @ @ @ the continent .
Spain has imposed a 15-day nationwide lockdown , banning its 46 million @ @ @ @ @ .
The country imposed the state of emergency decree , as it confirmed the highest @ @ @ @ @ Europe , after Italy .
Meanwhile , France and Germany have closed large parts of @ @ @ @ @ as they step up their efforts to contain the spread of the coronavirus .
How @ @ @ @ @ stock market will go before it bottoms out ?

The pan-European Stoxx 600 dropped 8% near the start of trading, travel and leisure stocks plummeting 14.3% to lead losses as all sectors and major bourses slid into the red.
Markets on Monday are reacting to the shutdown taking place on the continent. Spain has imposed a 15-day nationwide lockdown, banning its 46 million citizens from all-non essential movement. The country imposed the state of emergency decree, as it confirmed the highest number of COVID-19 cases in Europe, after Italy.
Meanwhile, France and Germany have closed large parts of their economies and fortified borders as they step up their efforts to contain the spread of the coronavirus.
We are primarily funded by readers. Please subscribe and donate to support us!
How low do you think the stock market will go before it bottoms out?
AC


investmentwatchblog--2020-03-16--This Is 1929! Experts Warn Of Great Depression Style Stock Market Crash

This is the most difficult moment for the financial markets since the Great Depression .
The stock market crash is now on 20 percent and this means that we are officially in a bear market and it looks as if the market will continue plummeting even in the coming weeks .
The stock market is losing value every day and it has just turned out to be a bloodbath .
Oil prices have also been crashing because of the Saudi Arabia and Russian prices conflict and at the same time airline stocks have been plummeting at a rate never seen @ @ @ @ @ @ @ has lead to flight cancellations to various countries .
The treasury yields are tumbling and the US equity futures are having a difficult time .
For the first time in a decade , the markets are experiencing a big liquidity problem .
Normally , volatility and liquidity are connected to each other and thus they create a loop .
This is very vivid in times when the market has wild moves like what is happening now because of the ongoing global panic .
In the past few days , the liquidity had drastically @ @ @ @ @ @ @ markets .
What we have seen in the last two weeks is a historic stock market crash .
Right now only few market participants are quoting one tick wide markets for the futures contracts .
Because of the current spike in volatility , electronic futures liquidity has fallen to historic lows to a point where we now have a median of 10 contracts .
This is 12 times shrinkage when compared to 2019 because at that time , we had a median of 120 contracts .
Only a small number of contracts is @ @ @ @ @ @ @ makers are quoting a narrow spreads .
Because of this market turmoil , on Monday we had E-mini futures that had 50 cents wide more than 25 percent of the trading time .
This is double of what was happening during the 2008 market decline .
Due to this low liquidity , smaller trades are now able to move the markets unlike during normal conditions where small trades have not significant effect to the market .
This makes the market very volatile and unpredictable even as the current global panic continues to cause @ @ @ @ @ @ @ options volume has been lower in the past week compared to the initial stages of this bear market .
This explains why the liquidity in equity markets has been collapsing in the last two weeks .
At the same time , other financial assets have been affected and this can be attributed to the ongoing global panic that has shocked the financial system .
Until now , the Federal Reserve has not been able to fully resolve the liquidity problems in the markets .
Even the repo market is facing a lot of @ @ @ @ @ @ @ Federal Reserve to step in to at least remedy the situation .
The global financial markets are crashing at a very fast rate and very soon we might find ourselves in an economic collapse .
The situation has only been getting worse every passing day and right now the bond market is struggling with the lack of liquidity to a point where veteran traders are troubled .
Also the US treasury market worth more than $ 17 trillion has been creaking because of this panic among the trades as a result of a @ @ @ @ @ @ @ treasury bonds yields have dropped to historic lows and this is a perfect reflection of how bad the economy is .
These huge moves show how fragile the bond market is .
Early this week , the bond market posted the worst intraday decline in the last two decades .
We have had an abrupt deterioration of liquidity in the last two weeks and to add insult to this economic injury , the stock and the bond markets are surging continuously .
Right now we have a panic selloff in the stock market @ @ @ @ @ @ @ has been down for more than 20 percent .
We have wild price swing in the markets only seen back in 1929 .
This is happening when the whole economy is going through an economic collapse .
This is the time when the Federal Reserve has to take massive actions to save the markets and the economy at large ; otherwise we will find ourselves in the middle of a devastating stock market crash and it will be too late to act .

This is the most difficult moment for the financial markets since the Great Depression. The stock market crash is now on 20 percent and this means that we are officially in a bear market and it looks as if the market will continue plummeting even in the coming weeks. The stock market is losing value every day and it has just turned out to be a bloodbath. Oil prices have also been crashing because of the Saudi Arabia and Russian prices conflict and at the same time airline stocks have been plummeting at a rate never seen before particularly due to this disruption which has lead to flight cancellations to various countries. The treasury yields are tumbling and the US equity futures are having a difficult time. For the first time in a decade, the markets are experiencing a big liquidity problem. Normally, volatility and liquidity are connected to each other and thus they create a loop. This is very vivid in times when the market has wild moves like what is happening now because of the ongoing global panic. In the past few days, the liquidity had drastically dropped because of this selloff in the markets. What we have seen in the last two weeks is a historic stock market crash.
Right now only few market participants are quoting one tick wide markets for the futures contracts. Because of the current spike in volatility, electronic futures liquidity has fallen to historic lows to a point where we now have a median of 10 contracts. This is 12 times shrinkage when compared to 2019 because at that time, we had a median of 120 contracts. Only a small number of contracts is being quoted and only a few market makers are quoting a narrow spreads. Because of this market turmoil, on Monday we had E-mini futures that had 50 cents wide more than 25 percent of the trading time. This is double of what was happening during the 2008 market decline.
Due to this low liquidity, smaller trades are now able to move the markets unlike during normal conditions where small trades have not significant effect to the market. This makes the market very volatile and unpredictable even as the current global panic continues to cause more selloff. The SPX futures and options volume has been lower in the past week compared to the initial stages of this bear market. This explains why the liquidity in equity markets has been collapsing in the last two weeks. At the same time, other financial assets have been affected and this can be attributed to the ongoing global panic that has shocked the financial system. Until now, the Federal Reserve has not been able to fully resolve the liquidity problems in the markets. Even the repo market is facing a lot of liquidity challenges and this has forced the Federal Reserve to step in to at least remedy the situation. The global financial markets are crashing at a very fast rate and very soon we might find ourselves in an economic collapse.
The situation has only been getting worse every passing day and right now the bond market is struggling with the lack of liquidity to a point where veteran traders are troubled. Also the US treasury market worth more than $17 trillion has been creaking because of this panic among the trades as a result of a slowdown in global economy. The 30-year treasury bonds yields have dropped to historic lows and this is a perfect reflection of how bad the economy is. These huge moves show how fragile the bond market is. Early this week, the bond market posted the worst intraday decline in the last two decades.
We are primarily funded by readers. Please subscribe and donate to support us!
We have had an abrupt deterioration of liquidity in the last two weeks and to add insult to this economic injury, the stock and the bond markets are surging continuously. Right now we have a panic selloff in the stock market and right in this week the market has been down for more than 20 percent. We have wild price swing in the markets only seen back in 1929. This is happening when the whole economy is going through an economic collapse. This is the time when the Federal Reserve has to take massive actions to save the markets and the economy at large; otherwise we will find ourselves in the middle of a devastating stock market crash and it will be too late to act.


investmentwatchblog--2020-03-16--The WORST Is Yet To Come! Prepare for MASS Defaults and Global Economic Collapse

Do you think that this will cause a COLLAPSE ?
Or it will reverse and we ’ ll be better off in a couple months ?
There is absolutely no certainty right now .
Everything is up in the air .
Nowhere can they find a solution , particularly with a central bank .
Trying to make individuals and businesses spend even more money at a time they should be more conservative is not going to fix anything .
But as we look around the world it ’ s clear all central banks are moving in the same direction , @ @ @ @ @ @ @ , print .
And they ’ ll use it until the currency is confetti .
Repo and Reverse Repo Operations – Federal Reserve Bank of New York Not every bear market is accompanied by an economic recession , but chances are high Squawk Box on Twitter : “ ” We have to get used to the fact that we are going into a global recession .
Hopefully it will be short lived , but I can ’ t see how we will avoid a global recession , ” says @ elerianm .
t.co/O1rttbx331 @ @ @ @ @ @ @ Fear Gauge Says It ’ s Now Worse Than 2008

Do you think that this will cause a COLLAPSE? Or it will reverse and we’ll be better off in a couple months?
There is absolutely no certainty right now. Everything is up in the air. Nowhere can they find a solution, particularly with a central bank. Trying to make individuals and businesses spend even more money at a time they should be more conservative is not going to fix anything. But as we look around the world it’s clear all central banks are moving in the same direction, down. They only have one option, print. And they’ll use it until the currency is confetti.
bfmBA6A.jpg (976×476)
www.zerohedge.com/s3/files/inline-images/bfmBA6A.jpg?itok=6upbiN_2
bfm944A_0.jpg (976×506)
www.zerohedge.com/s3/files/inline-images/bfm944A_0.jpg?itok=mZbfdxXX
bfmF330.jpg (976×487)
www.zerohedge.com/s3/files/inline-images/bfmF330.jpg?itok=iG-r4cbC
Assets: Total Assets: Total Assets (Less Eliminations From Consolidation): Wednesday Level (WALCL) | FRED | St. Louis Fed
fred.stlouisfed.org/series/WALCL
Repo and Reverse Repo Operations – Federal Reserve Bank of New York
apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000
UK interest rates cut in emergency move – BBC News
www.bbc.com/news/business-51831004
Not every bear market is accompanied by an economic recession, but chances are high
www.cnbc.com/2020/03/14/not-every-bear-market-is-accompanied-by-an-economic-recession-but-chances-are-high.html
Squawk Box on Twitter: “”We have to get used to the fact that we are going into a global recession. Hopefully it will be short lived, but I can’t see how we will avoid a global recession,” says @elerianm. t.co/O1rttbx331” / Twitter
twitter.com/SquawkCNBC/status/1238429953349255168?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1238429953349255168&ref_url=https%3A%2F%2Fnorthmantrader.com%2F2020%2F03%2F14%2Fcollapse-2%2F
Pioneer of Wall Street Fear Gauge Says It’s Now Worse Than 2008
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outline.com/apptFu
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DBK.DE 5.11 0.23 4.80% : DEUTSCHE BANK AG NA O.N. – Yahoo Finance
finance.yahoo.com/quote/DBK.DE/
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www.zerohedge.com/s3/files/inline-images/3-Phases-Of-A-Bear-Market.png?itok=7bJPemuL
China automakers seek government relief after February sales dive 79% on coronavirus – Reuters
www.reuters.com/article/us-china-autos/china-automakers-seek-policy-relief-after-february-sales-plunge-on-coronavirus-idUSKBN20Z0ST
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OpenTable Data Center – Google Drive
docs.google.com/spreadsheets/d/e/2PACX-1vRbPuAyJy74UmbF6kLXFGXDk2eX3N6zvRLzxPamG8FAA3E-SVqMOMSIht-eYEF_4qrNGOJuPbDjTsPD/pubhtml#
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www.zerohedge.com/s3/files/inline-images/open%20table%20global%20cities.jpg?itok=VYwi7_pl


investmentwatchblog--2020-03-16--Contagion (2018) – in 2018 the BBC made a documentary “Contagion” on what would happen if a pandemic

Contagion (2018) – in 2018 the BBC made a documentary “Contagion” on what would happen if a pandemic reached the UK’s shores.

It ’ s on Youtube now and well worth a watch for all people for the advice and knowledge it @ @

It’s on Youtube now and well worth a watch for all people for the advice and knowledge it spreads.
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h/t Lard_Baron


investmentwatchblog--2020-03-16--Joe Biden calls for cutting Social Security and Medicare: ‘Put All of It on The Table’

Bernie : Lie .
American people , go to YouTube and look it up .
CNN : But Bernie you @ @ @ @ @ security too ?
?
Bernie : yeah , I wanted to adjust it for the @ @ @ @ @ CNN banner at the bottom : SANDERS ONCE SAID THE U.S. WOULD HAVE TO MAKE @ @ @ @ @ ARE HIS PAST REMARKS ANY LESS RELEVANT THAN BIDENS ?
Thanks CNN .
Very cool @ @ @ @ @ the same .

Biden: I never advocated to cut social security.
Bernie: Lie. American people, go to YouTube and look it up.
CNN: But Bernie you wanted make adjustments to social security too??
Bernie: yeah, I wanted to adjust it for the increased cost of living.
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CNN banner at the bottom: SANDERS ONCE SAID THE U.S. WOULD HAVE TO MAKE ADJUSTMENTS TO SOCIAL SECURITY; ARE HIS PAST REMARKS ANY LESS RELEVANT THAN BIDENS?
Thanks CNN. Very cool. Those two things are the same.
AC


investmentwatchblog--2020-03-16--Dr. Drew – Stop freaking out…

Dr. Drew – Stop freaking out…

Dr. Drew : I don ’ t claim to know what ’ s motivating the media but , my God , their reporting is absolutely reprehensible .
They should be ashamed of themselves .
They are creating a panic that is far worse than the viral outbreak .
The bottom line , everybody , is listen to Dr. Anthony Fauci of the CDC , do what he tells you , and go about your business .
That ’ s the story .
There ’ s not one doctor I ’ ve spoken to that disagrees with me .
Not one @ @ @ @ @ @ @ Dr. Oz last night .
He was saying the same thing .
We ’ re all telling you the same thing : Stop listening to journalists .
They don ’ t know what they ’ re talking about .
Listen to the CDC , listen to Anthony Fauci , and do not listen to anybody else .
This is the job of those people .
They ’ re highly trained professionals .
They know what they ’ re doing .
Just follow their directions .
You know , I saw a CNN reporter @ @ @ @ @ @ @ doctor from Vanderbilt , very fine infectious disease doctor but I wanted to scream at him , “ Tell these people to stop !
Tell the press to stop .
They went , “ Oh , my God , what about the testing ?
We don ’ t have testing !
” And the doctor just simply , calmly went , “ No , no .
We have private and public testing .
We ’ re rolling it out .
We have the same as other countries.
” “ Oh , but we @ @ @ @ @ @ @ t !
” Shut up !
We do .
And by the way , you don ’ t test people willy-nilly .
The way medical tests are done is you have criteria for the test , doctors determine that criteria , you apply the test .
Testing randomly is called a screening test but then that ’ s no longer a diagnostic test .
You do diagnostic tests when the index of suspicion of the illness is high .
Otherwise , you don ’ t test .
If you have an index of @ @ @ @ @ @ @ people to stay home .
That ’ s it .
It ’ s awful that people get sick .
I know .
I got H1N1 .
It sucked .
I treated people with it .
It was awful .
And we have another awful virus circulating around now .
And by the way , if you combine corona and influenza this year , it ’ s still just a moderate flu season .
It ’ s not even a severe flu season .
So all these horror stories about a lack of ventilators @ @ @ @ @ @ @ is total B.S .
Total B.S .
Do not be alarmed by the word “ pandemic.
” which the CNN reporter seemed to discover this morning .
Let me translate for you the word “ pandemic.
” “ Pandemic ” is a , is a technical term that means ( a ) a new virus ; ( b ) widespread .
Do you think we have that ?
Yes , we do .
Can you name for me the last pandemic ?
Well , we had one about ten years ago .
It @ @ @ @ @ @ @ God , did the world come to an end then ?
I actually got H1N1 .
It was brutal .
I don ’ t like the fact that people have to get sick .
But we are biological beings and we have these viral outbreaks and we ’ re in one now .
We don ’ t have treatments .
We don ’ t have vaccines yet , though we will .
In the meantime , we have containment and contain it we will .
Period .
Wash your hands .
Get your @ @ @ @ @ @ @ story .
Wash your hands , get your flu shots .
Every sentence should end with that .
Because you ’ re way , orders of magnitude more likely to die of the flu than the coronavirus .
We have 18,000 dead from the flu , 280,000 hospitalized so far in this country .
We have 26 dead from coronavirus [ now it ’ s 48 ] .
Which should you be more concerned about ?
Tell me that .
Just do the math .
If you are over the age of 70 @ @ @ @ @ @ @ particularly if you have any chronic medical conditions and if you are a smoker over 50 , you should be behaving differently than the rest of us .
You should be , essentially , staying home for a while .
You shouldn ’ t be going to public events .
You should do some social distancing .
For a couple of weeks , until this thing blows over .
And that ’ s it .
The rest of us ?
Go about your business .
I ’ m traveling all over the country @ @ @ @ @ @ @ , the airports are full , people are wearing masks , foolishly .
Why is anybody listening to anybody else ?
This is a medical problem .
Did you [ the media ] hop into the H1N1 epidemic ?
Were you guys all involved with that ?
Were you criticizing the CDC and the government during the H1N1 epidemic ?
That one was worse .
Where were you guys ?
We couldn ’ t have done it without you .
Oh , wait a minute .
We did fine .
You don ’ @ @ @ @ @ @ @ the story should be , “ The World Health Organization and the CDC and the equivalent agencies in the various countries across the world should be taking a bow .
We should be tipping our hats to them for doing an extraordinary job .
We have a new illness .
We identified it .
We know the epidemiology .
We created a test for it .
We don ’ t yet have a vaccine and a treatment , but it ’ s underway and , in the meantime , we are containing it @ @ @ @ @ @ @ We should be tipping our hates to them .
Could things have been done faster ?
Always .
Always .
That ’ s the way medicine is .
We contemplate .
We think .
We try to do no harm before we jump in .
This is like saying , “ The surgeon took too long doing the operation .
The surgery worked out great but I wish he ’ d been , you know , not spent the last two hours thinking about the risks and benefits of that surgery.
” This @ @ @ @ @ @ @ of insanity that has me angry .
This is not , the medical profession is fine with it .
Well , yeah , yeah , a little bit faster would ’ ve been good , a little more private sector involvement would ’ ve been good .
Yeah .
Larry O ’ Connor : In a few weeks , this is going to phase out .
Is that just because there is a flu season and you expect the COVID-19 to , sort of , follow the same timeline as your typical flue @ @ @ @ @ @ @ ’ t expect it .
I guarantee it .
Viruses have a life .
They come on , they grow , they plateau and they go away .
There ’ s a time chorus to the life cycle of every influenza , every viral outbreak .
And we are in the uptick right now , we are about to hit the plateau , we will contain , and then it will start to die out .
It hates heat , it hates humidity , and it will go away .
If this gets @ @ @ @ @ @ @ .
Well , if the government would like to spend some of that $ 8 billion , why don ’ t they go and take care of the most vulnerable population we have in the country , which are people who are immunocompromised , living in concentrated environments , not vaccinated , with no sanitation .
We have 60,000 of them in Los Angeles .
If this gets into that population , I will sing a different tune .
Larry O ’ Connor : But Dr. Drew , I just saw the governor @ @ @ @ @ @ @ and give everyone instructions about how to properly wash their hands .
That should solve the problem there in the homeless population , right ?
Dr. Drew : Oh , yeah .
That ’ ll be the end of it .
We got no problem .
There , they , they ’ re washing their hands in the LA river with all the excrement and urine and blood that pours off our streets .
That should be perfect .

twitter.com/dcexaminer?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1238972892760682496&ref_url=https%3A%2F%2Fwww.citizenfreepress.com%2Fbreaking%2Fdr-drew-stop-freaking-out%2F
TRANSCRIPT
Dr. Drew: I don’t claim to know what’s motivating the media but, my God, their reporting is absolutely reprehensible. They should be ashamed of themselves. They are creating a panic that is far worse than the viral outbreak. The bottom line, everybody, is listen to Dr. Anthony Fauci of the CDC, do what he tells you, and go about your business. That’s the story.
There’s not one doctor I’ve spoken to that disagrees with me. Not one. I ran into an agreement with Dr. Oz last night. He was saying the same thing. We’re all telling you the same thing: Stop listening to journalists. They don’t know what they’re talking about.
Listen to the CDC, listen to Anthony Fauci, and do not listen to anybody else. This is the job of those people. They’re highly trained professionals. They know what they’re doing. Just follow their directions.
You know, I saw a CNN reporter this morning talking to an infectious disease doctor from Vanderbilt, very fine infectious disease doctor but I wanted to scream at him, “Tell these people to stop! Tell the press to stop.
They went, “Oh, my God, what about the testing? We don’t have testing!”
And the doctor just simply, calmly went, “No, no. We have private and public testing. We’re rolling it out. We have the same as other countries.”
“Oh, but we don’t, we don’t!”
Shut up! We do.
And by the way, you don’t test people willy-nilly. The way medical tests are done is you have criteria for the test, doctors determine that criteria, you apply the test. Testing randomly is called a screening test but then that’s no longer a diagnostic test. You do diagnostic tests when the index of suspicion of the illness is high. Otherwise, you don’t test.
If you have an index of suspicion that is moderate, you tell people to stay home. That’s it.
It’s awful that people get sick. I know. I got H1N1. It sucked. I treated people with it. It was awful. And we have another awful virus circulating around now. And by the way, if you combine corona and influenza this year, it’s still just a moderate flu season. It’s not even a severe flu season.
So all these horror stories about a lack of ventilators and hospital beds being full, that is total B.S. Total B.S.
Do not be alarmed by the word “pandemic.” which the CNN reporter seemed to discover this morning. Let me translate for you the word “pandemic.” “Pandemic” is a, is a technical term that means (a) a new virus; (b) widespread.
Do you think we have that? Yes, we do.
Can you name for me the last pandemic? Well, we had one about ten years ago. It was the H1N1 and, oh my God, did the world come to an end then?
We are primarily funded by readers. Please subscribe and donate to support us!
I actually got H1N1. It was brutal. I don’t like the fact that people have to get sick. But we are biological beings and we have these viral outbreaks and we’re in one now. We don’t have treatments. We don’t have vaccines yet, though we will. In the meantime, we have containment and contain it we will. Period.
Wash your hands. Get your flu shot. That should be the story. Wash your hands, get your flu shots. Every sentence should end with that. Because you’re way, orders of magnitude more likely to die of the flu than the coronavirus.
We have 18,000 dead from the flu, 280,000 hospitalized so far in this country. We have 26 dead from coronavirus [now it’s 48]. Which should you be more concerned about? Tell me that. Just do the math.
If you are over the age of 70, maybe the age of 75, particularly if you have any chronic medical conditions and if you are a smoker over 50, you should be behaving differently than the rest of us. You should be, essentially, staying home for a while. You shouldn’t be going to public events. You should do some social distancing. For a couple of weeks, until this thing blows over. And that’s it.
The rest of us? Go about your business. I’m traveling all over the country this week and the planes are full, the airports are full, people are wearing masks, foolishly.
Why is anybody listening to anybody else? This is a medical problem. Did you [the media] hop into the H1N1 epidemic? Were you guys all involved with that? Were you criticizing the CDC and the government during the H1N1 epidemic? That one was worse.
Where were you guys? We couldn’t have done it without you. Oh, wait a minute. We did fine. You don’t even remember it. Listen, the story should be, “The World Health Organization and the CDC and the equivalent agencies in the various countries across the world should be taking a bow. We should be tipping our hats to them for doing an extraordinary job.
We have a new illness. We identified it. We know the epidemiology. We created a test for it. We don’t yet have a vaccine and a treatment, but it’s underway and, in the meantime, we are containing it. They should take a bow. We should be tipping our hates to them.
Could things have been done faster? Always. Always. That’s the way medicine is. We contemplate. We think. We try to do no harm before we jump in. This is like saying, “The surgeon took too long doing the operation. The surgery worked out great but I wish he’d been, you know, not spent the last two hours thinking about the risks and benefits of that surgery.”
This is insanity. This is a level of insanity that has me angry. This is not, the medical profession is fine with it. Well, yeah, yeah, a little bit faster would’ve been good, a little more private sector involvement would’ve been good. Yeah.
Larry O’Connor: In a few weeks, this is going to phase out. Is that just because there is a flu season and you expect the COVID-19 to, sort of, follow the same timeline as your typical flue season?
Dr. Drew: I don’t expect it. I guarantee it. Viruses have a life. They come on, they grow, they plateau and they go away. There’s a time chorus to the life cycle of every influenza, every viral outbreak. And we are in the uptick right now, we are about to hit the plateau, we will contain, and then it will start to die out. It hates heat, it hates humidity, and it will go away.
If this gets into the homeless population. . . . Well, if the government would like to spend some of that $8 billion, why don’t they go and take care of the most vulnerable population we have in the country, which are people who are immunocompromised, living in concentrated environments, not vaccinated, with no sanitation.
We have 60,000 of them in Los Angeles. If this gets into that population, I will sing a different tune.
Larry O’Connor: But Dr. Drew, I just saw the governor of California take to his Twitter feed and give everyone instructions about how to properly wash their hands. That should solve the problem there in the homeless population, right?
Dr. Drew: Oh, yeah. That’ll be the end of it. We got no problem. There, they, they’re washing their hands in the LA river with all the excrement and urine and blood that pours off our streets. That should be perfect.
h/t Eustace Muffins


investmentwatchblog--2020-03-16--The Demise Of The Financial System Is Imminent

“ Next five years is not about winning but surviving.
” This is the headline of an article I wrote in early August 2019 .
At that point I was primarily thinking of economic survival .
But now the world is facing multiple threats and multiple failures .
As I have already stated , the Coronavirus is not the cause of global market crashes but the catalyst .
But even if I have been totally certain that the world will see an economic collapse greater than any crisis for 100s of years , this is the worst catalyst that anyone @ @ @ @ @ @ @ global virus was always one of the potential risks but of all triggers , this one was certainly the most unwelcome and horrible .
CORONAVIRUS IS FAR MORE SERIOUS THAN THE WORLD REALISES Before I talk about markets and gold further on in this article , I will mention some of the horrific effects that are now hitting the world due to Coronavirus .
Just to summarise that my market views haven ’ t changed .
Stocks will go down by at least 90 % from here and gold will surge to levels @ @ @ @ @ @ @ knows the extent of people affected by the CV .
China has never given us the real figures .
And the rest of the world hasn ’ t got a clue where they stand .
Every country thinks they are in control of the situation until they panic .
Outside of Asia , poor Italy got it first and there we have seen an exponential growth of the number of people affected .
And still , in Italy like in most other countries , they haven ’ t got a clue how many @ @ @ @ @ @ @ the UK , US , Sweden , Switzerland , Germany and most other nations .
No country has the capacity to test a fraction of the population .
You hear from most countries that when people have the symptoms , they are just told to stay home .
So the real numbers are certainly 10x greater than reported or much higher .
Somebody forecast that 70 % of the world will be infected and that doesn ’ t sound improbable .
DOCTORS AND HOSPITALS HAVE NO CHANCE TO COPE And as Italy discovered @ @ @ @ @ @ @ ventilators available that are required to treat the seriously ill .
There is on average only 12 critical hospital beds available per 100,000 in the EU .
The EU has 500 million people .
If the estimate of 70 % becoming infected will be correct , that would be 350 million will get CV .
Say that 10 % need a critical hospital bed .
That is 35 million people who would need to share 60,000 critical beds available .
I am sure that the US figures for critical beds available are no @ @ @ @ @ @ @ wonder Italy ’ s health system has no chance to cope with the situation as we have seen from many reports and nor has any other country .
Any government and health authority just needs to look at Italy to understand how quickly Coronavirus spreads .
But every government , including the US and UK , think that they are different and are therefore totally lethargic and irresponsible in their actions to fight the disease .
In the winter , I spend time in the Swiss Alps .
On Friday the 13th , @ @ @ @ @ @ @ ski resorts and all schools .
Many European countries have closed their borders like Poland , Czech Republic , Denmark , Slovakia and Malta .
Italy is totally paralysed with virtually everything closed .
Shops , except for food and pharmacies , major part of industry , hotels , restaurants , schools etc .
are all closed .
I have heard from Italian friends that they are just shutting their businesses since there are no customers .
How tragic .
Spain is starting to close a major part of the country including the @ @ @ @ @ @ @ are likely to follow although they are too slow to react swiftly .
And so is the US who still hasn ’ t understood how serious the situation is .
If we just take Italy as an example since Corona is more advanced there than in any other country , it is a total disaster for this great nation .
Italy has wonderful culture , history , heritage , food and people .
But the country was already on its knees before this crisis .
The economy is broken and so is the @ @ @ @ @ @ @ due to the EU .
I have difficulties seeing Italy coming out of this intact .
But sadly the same thing will happen to Greece , Spain , France , Germany , the US , the UK and most other nations .
SMALL BUSINESSES DON ’ T EVEN HAVE CASH FOR 2 WEEKS For a world economy that is totally dependent on credit to the extent of $ 265 trillion , what is happening is a total disaster .
Small business will not have cash to survive for even a couple of weeks @ @ @ @ @ @ @ nobody has any savings , only debt .
Many are being laid off already .
The airline industry was extremely weak before the crisis .
Norwegian Airlines has already made 50 % of staff redundant .
The tourist industry with its thin margins is collapsing .
The same is happening in a great number of industries .
The banking industry will not survive the next phase but will initially be the beneficiaries of massive global money printing .
What is now happening economically in the world was totally predictable even though the catalyst @ @ @ @ @ @ @ But what is not obvious for 99.5 % of investors is what will happen next .
And for most people , it is of course impossible to understand a market that can go down 2,000 points in one day and up 2,000 the next , like the Dow .
This is obviously totally illogical and irrational behaviour .
With High Frequency Trading and irrational investors creating a lot of this volatility how can we expect markets to behave in a logical manner .
And more importantly , with dip buying investors having been @ @ @ @ @ @ @ it has been impossible to lose money .
But those days are now over even if after Friday the 13th 2,000 point Dow rally , the false optimism will return for a day or so .
Sadly , anyone buying the dips in the current market is going to be burnt for years .
Let me summarise how I see markets in the short and long term .
Stocks globally have topped and crashed as I forecast in January and February .
See my articles : INFLATE AND DIE – STOCK COLLAPSE AND @ @ @ @ @ @ @ WILL SINK STOCKS AND PROPEL GOLD Feb 13 We are now facing a secular bear market which will last for at least 5-7 years .
The economy will be in a recession and depression for much longer than that .
There will of course be volatility on the way down with major pullbacks .
But there is absolutely no question that all stock markets will decline by 90 % or more in coming years .
There will of course be violent corrections up , like we saw last Friday , often assisted by @ @ @ @ @ @ @ and similar in other countries .
Often when a crisis starts , the public focuses on the wrong area .
Thus , shops both in Europe and the US have run out of toilet paper .
Yes , toilet paper is useful in the short term , but history has taught us that in the medium term , as hyperinflation ravages , gold will be much more important to own .
For the very few Venezuelans who understood this 10-20 years ago , it saved their lives .
Let me categorically state that @ @ @ @ @ @ @ YET .
Some gold dealers are reporting that they are running out of stock .
There was a recent article on Zerohedge on this subject by a Singapore dealer .
Precious metals dealers who mainly deal in retail quantities are probably running out gold and silver coins .
But as we are based in Switzerland where 70 % of all the gold bars in the world are made , we can state that there is currently no shortage of physical gold at the wholesale level .
There is ample supply of gold bars @ @ @ @ @ @ @ there is high demand for smaller retail bars .
That is the good news .
The bad news is that this situation is not going to last long .
As we know , the gold price is set in the paper market currently .
And when global markets panic , many speculators in paper gold sell their positions for liquidity reasons .
This gives the manipulators , with the BIS leading the exercise , a chance to push gold down $ 100 on a Friday afternoon in Europe over a 3 hour period @ @ @ @ @ @ @ The BIS and their lackeys , the bullion banks , clearly wanted the opportunity to pick up gold at bargain prices before the real rally starts .
Due to Coronavirus , the Swiss refiners are now cutting down on production as they must reduce the work shifts .
At some point it is possible that production must shut down completely .
At this stage decisions are taken from day to day .
This is likely to lead to shortages of both gold and silver in the short to medium term .
GOLD IS @ @ @ @ @ @ @ TERM BULL MARKET Let ’ s be very clear .
Gold is at the very beginning of an extremely strong long term uptrend .
Current volatility is just temporary due to global conditions .
This will soon change .
The state of the world economy and the extremely precarious financial system guarantees that .
Coronavirus is the catalyst and not the cause of the coming economic and financial collapse .
The trigger could have been any event such as a credit default or a bank in trouble .
But unfortunately Murphy ’ s @ @ @ @ @ @ @ wrong did and also at the worst possible time .
I have for years warned about the risks in the world economy and most recently that a market collapse was imminent as I mention above .
This collapse has now started .
I have also stated that gold will surge and this is still to come .
There is absolutely no doubt in my mind about this .
The current correction in gold could last a bit longer and at worst go down to $ 1,450 where the price was in November and @ @ @ @ @ @ @ my preferred scenario .
At some point soon , I expect gold to turn up strongly on its way to new highs , also in US dollars .
In all other currencies gold has already surpassed the 2011-12 highs .
I have for many years stated that the Central banks are gold ’ s best friend .
Sure , most CBs prefer to hold gold down since a high price reflects their mismanagement of the economy .
But unlimited money printing , especially since 2006 , is the best support gold can ever @ @ @ @ @ @ @ has zero positive effect on the economy but a massive effect on gold since it debases the value of paper money .
Due to suppression , the price of gold is not reflecting the total effect of this , but will very soon as central banks start the next phase of accelerated money printing .
Back in late August 2019 I stated the central banks were starting actions that were similar to August 1971 when Nixon closed the gold window .
In August 1971 , China was the only country to realise the @ @ @ @ @ @ @ “ These unpopular measures reflect the seriousness of the US economic crisis and the decay and decline of the entire capitalist system.
” The above quote is from the People ’ s Daily in China in Aug 1971 .
CHINA HAS 20,000 TONNES OF GOLD AND THE US VERY LITTLE ?
Since then the dollar and most currencies have lost 98 % against gold and global debt has exploded .
The Chinese saw it clearly then and that ’ s way the Chinese government has probably accumulated gold of at least 20,000 tonnes @ @ @ @ @ @ @ left of their official 8,000 tonnes .
How right the Chinese were already 50 years ago .
And the world is likely to find out who really holds the gold and the power in the near term future .
The Central Banks around the world started panicking already in the early Autumn of 2019 with Repos and QE in the $ 100s of billions .
Major parts of the world are today in total lockdown due to Coronavirus .
No one understands or can estimate the effects of this .
But what we @ @ @ @ @ @ @ world which was already very fragile economically and financially before the Virus , will suffer immeasurable financial and human consequences due to the CV .
$ 1.5 QUADRILLION OF DERIVATIVES ARE NOW AT RISK With economic activity virtually shut down in many countries and more certainly to follow , like the UK and US , the amount of money printing coming will be endless and of unimaginable quantities .
It will start in the $ trillions , but as the banking system comes under pressure , it will grow to $ 10s of @ @ @ @ @ @ @ , with $ 50 trillion in derivatives , comes under real pressure , which is not far away , the Bundesbank and ECB will have to print in the $ 100s of trillions .
Remember that counterparties will fail simultaneously and JP Morgan for example also has around $ 50 trillion in derivatives .
And soon at least $ 1.5 quadrillion is at risk when all counter parties fail .
The collapse of the banking system might not be in 2020 but once it unravels , Central Banks have no chance of stopping @ @ @ @ @ @ @ only tool they know which is unlimited money printing .
As I have said many times , YOU CAN NOT SOLVE A PROBLEM WITH THE SAME MEANS THAT CREATED IT IN THE FIRST PLACE .
Thus the money printing will fail , but before that many clueless investors will buy stocks again before the next big fall .
THE BOND MARKET WILL NOT SURVIVE I must finish this newsletter now since it must be published .
The bond market is the biggest danger globally combined with the derivatives .
The artificial manipulation of @ @ @ @ @ @ @ yet .
It could go on for a year but the bond market might also collapse tomorrow .
There is so much junk and so much bad debt in the system that it would be surprising if Central banks could maintain this charade for much longer .
Thus the bond market will default and collapse at some point not far away .
The question is only when .
What is certain is that investors will soon start bailing out .
And as Central Banks accelerate money printing , they will be the only @ @ @ @ @ @ @ The end of the financial system as we know it today is guaranteed .
Its demise is imminent .
THIS TOO SHALL PASS But please remember that This Too Shall Pass .
The world will have difficult times ahead for some time .
It is obviously made worse due to many people , and especially the old , being isolated .
Still we have phones , FaceTime , Skype , Zoom etc so it is still possible to keep in touch with our loved ones and friends .
At some point in the @ @ @ @ @ @ @ and we can then function better .
The financial implications will last a lot longer and the world will have to get used to a much lower level of economic activity .
But as I have stated many times , there are so many wonderful things in life that are free – like family friends , nature , books , music , television etc .
Hard times bring people closer together for as long as we have a roof over our head and enough food to eat .
PS Italy just reported a @ @ @ @ @ @ @ one day .
Italy is sadly the model for the world .
I implore everyone to be extremely careful and self isolate themselves .
Doctors and hospitals will not have the capacity or the tools to help us all .
MAM has always had a contingency plan for emergencies of the nature that the world is experiencing currently .
All MAM staff is now self isolating .
The company is structured in such a way that we can operate with 100 % efficiency without sitting together .
During this period we will not @ @ @ @ @ @ @ happy to have video conferences with clients or potential clients .
The vaults are operating normally but have also taken the precaution of separating staff as well as self isolation whenever possible .

“Next five years is not about winning but surviving.” This is the headline of an article I wrote in early August 2019. At that point I was primarily thinking of economic survival. But now the world is facing multiple threats and multiple failures. As I have already stated, the Coronavirus is not the cause of global market crashes but the catalyst.
But even if I have been totally certain that the world will see an economic collapse greater than any crisis for 100s of years, this is the worst catalyst that anyone could have expected. Yes, a global virus was always one of the potential risks but of all triggers, this one was certainly the most unwelcome and horrible.
CORONAVIRUS IS FAR MORE SERIOUS THAN THE WORLD REALISES
Before I talk about markets and gold further on in this article, I will mention some of the horrific effects that are now hitting the world due to Coronavirus. Just to summarise that my market views haven’t changed. Stocks will go down by at least 90% from here and gold will surge to levels that few can imagine.
No one knows the extent of people affected by the CV. China has never given us the real figures. And the rest of the world hasn’t got a clue where they stand. Every country thinks they are in control of the situation until they panic. Outside of Asia, poor Italy got it first and there we have seen an exponential growth of the number of people affected. And still, in Italy like in most other countries, they haven’t got a clue how many people have been infected.
Same in the UK, US, Sweden, Switzerland, Germany and most other nations. No country has the capacity to test a fraction of the population. You hear from most countries that when people have the symptoms, they are just told to stay home. So the real numbers are certainly 10x greater than reported or much higher. Somebody forecast that 70% of the world will be infected and that doesn’t sound improbable.
DOCTORS AND HOSPITALS HAVE NO CHANCE TO COPE
And as Italy discovered, there is not a fraction of ventilators available that are required to treat the seriously ill. There is on average only 12 critical hospital beds available per 100,000 in the EU. The EU has 500 million people. If the estimate of 70% becoming infected will be correct, that would be 350 million will get CV. Say that 10% need a critical hospital bed. That is 35 million people who would need to share 60,000 critical beds available. I am sure that the US figures for critical beds available are no better but probably much worse. No wonder Italy’s health system has no chance to cope with the situation as we have seen from many reports and nor has any other country.
EUROPE IS SHUTTING DOWN
Any government and health authority just needs to look at Italy to understand how quickly Coronavirus spreads. But every government, including the US and UK, think that they are different and are therefore totally lethargic and irresponsible in their actions to fight the disease. In the winter, I spend time in the Swiss Alps. On Friday the 13th, the Swiss government decided to close all ski resorts and all schools. Many European countries have closed their borders like Poland, Czech Republic, Denmark, Slovakia and Malta.
Italy is totally paralysed with virtually everything closed. Shops, except for food and pharmacies, major part of industry, hotels, restaurants, schools etc. are all closed. I have heard from Italian friends that they are just shutting their businesses since there are no customers. How tragic.
Spain is starting to close a major part of the country including the whole tourist industry. Most European countries are likely to follow although they are too slow to react swiftly. And so is the US who still hasn’t understood how serious the situation is.
If we just take Italy as an example since Corona is more advanced there than in any other country, it is a total disaster for this great nation. Italy has wonderful culture, history, heritage, food and people. But the country was already on its knees before this crisis. The economy is broken and so is the financial system. Much of this is due to the EU. I have difficulties seeing Italy coming out of this intact. But sadly the same thing will happen to Greece, Spain, France, Germany, the US, the UK and most other nations.
SMALL BUSINESSES DON’T EVEN HAVE CASH FOR 2 WEEKS
For a world economy that is totally dependent on credit to the extent of $265 trillion, what is happening is a total disaster. Small business will not have cash to survive for even a couple of weeks. Same with ordinary people. Virtually nobody has any savings, only debt. Many are being laid off already. The airline industry was extremely weak before the crisis. Norwegian Airlines has already made 50% of staff redundant. The tourist industry with its thin margins is collapsing. The same is happening in a great number of industries.
The banking industry will not survive the next phase but will initially be the beneficiaries of massive global money printing.
MARKETS
What is now happening economically in the world was totally predictable even though the catalyst was not the most obvious one. But what is not obvious for 99.5% of investors is what will happen next. And for most people, it is of course impossible to understand a market that can go down 2,000 points in one day and up 2,000 the next, like the Dow. This is obviously totally illogical and irrational behaviour. With High Frequency Trading and irrational investors creating a lot of this volatility how can we expect markets to behave in a logical manner. And more importantly, with dip buying investors having been supported by central banks for decades, it has been impossible to lose money.
But those days are now over even if after Friday the 13th 2,000 point Dow rally, the false optimism will return for a day or so. Sadly, anyone buying the dips in the current market is going to be burnt for years.
Let me summarise how I see markets in the short and long term.
STOCKS
Stocks globally have topped and crashed as I forecast in January and February. See my articles:
INFLATE AND DIE – STOCK COLLAPSE AND GOLD SURGE IMMINENT Jan 30
THE CRISIS WILL SINK STOCKS AND PROPEL GOLD Feb 13
We are now facing a secular bear market which will last for at least 5-7 years. The economy will be in a recession and depression for much longer than that.
There will of course be volatility on the way down with major pullbacks. But there is absolutely no question that all stock markets will decline by 90% or more in coming years. There will of course be violent corrections up, like we saw last Friday, often assisted by the Plunge Protection Team in the US and similar in other countries.
GOLD
Often when a crisis starts, the public focuses on the wrong area. Thus, shops both in Europe and the US have run out of toilet paper. Yes, toilet paper is useful in the short term, but history has taught us that in the medium term, as hyperinflation ravages, gold will be much more important to own. For the very few Venezuelans who understood this 10-20 years ago, it saved their lives.
Let me categorically state that there is no shortage of gold, YET.
Some gold dealers are reporting that they are running out of stock. There was a recent article on Zerohedge on this subject by a Singapore dealer. Precious metals dealers who mainly deal in retail quantities are probably running out gold and silver coins.
But as we are based in Switzerland where 70% of all the gold bars in the world are made, we can state that there is currently no shortage of physical gold at the wholesale level. There is ample supply of gold bars currently from the Swiss refiners. But there is high demand for smaller retail bars.
That is the good news. The bad news is that this situation is not going to last long. As we know, the gold price is set in the paper market currently. And when global markets panic, many speculators in paper gold sell their positions for liquidity reasons. This gives the manipulators, with the BIS leading the exercise, a chance to push gold down $100 on a Friday afternoon in Europe over a 3 hour period like they did on Feb 13th. The BIS and their lackeys, the bullion banks, clearly wanted the opportunity to pick up gold at bargain prices before the real rally starts.
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STOP PRESS
Due to Coronavirus, the Swiss refiners are now cutting down on production as they must reduce the work shifts. At some point it is possible that production must shut down completely. At this stage decisions are taken from day to day. This is likely to lead to shortages of both gold and silver in the short to medium term.
GOLD IS AT THE VERY BEGINNING OF A LONG TERM BULL MARKET
Let’s be very clear. Gold is at the very beginning of an extremely strong long term uptrend. Current volatility is just temporary due to global conditions. This will soon change. The state of the world economy and the extremely precarious financial system guarantees that.
Coronavirus is the catalyst and not the cause of the coming economic and financial collapse. The trigger could have been any event such as a credit default or a bank in trouble. But unfortunately Murphy’s law prevailed and anything that could go wrong did and also at the worst possible time.
I have for years warned about the risks in the world economy and most recently that a market collapse was imminent as I mention above. This collapse has now started. I have also stated that gold will surge and this is still to come. There is absolutely no doubt in my mind about this.
The current correction in gold could last a bit longer and at worst go down to $1,450 where the price was in November and December 2019. But that is not my preferred scenario. At some point soon, I expect gold to turn up strongly on its way to new highs, also in US dollars. In all other currencies gold has already surpassed the 2011-12 highs.
CENTRAL BANKS ARE GOLD’S BEST FRIEND
I have for many years stated that the Central banks are gold’s best friend. Sure, most CBs prefer to hold gold down since a high price reflects their mismanagement of the economy. But unlimited money printing, especially since 2006, is the best support gold can ever get. Incessant printing of worthless currencies has zero positive effect on the economy but a massive effect on gold since it debases the value of paper money. Due to suppression, the price of gold is not reflecting the total effect of this, but will very soon as central banks start the next phase of accelerated money printing.
Back in late August 2019 I stated the central banks were starting actions that were similar to August 1971 when Nixon closed the gold window. In August 1971, China was the only country to realise the effects of Nixon’s actions:
“These unpopular measures reflect the seriousness of the US economic crisis and the decay and decline of the entire capitalist system.”
The above quote is from the People’s Daily in China in Aug 1971.
CHINA HAS 20,000 TONNES OF GOLD AND THE US VERY LITTLE?
Since then the dollar and most currencies have lost 98% against gold and global debt has exploded. The Chinese saw it clearly then and that’s way the Chinese government has probably accumulated gold of at least 20,000 tonnes whilst the US probably has very little left of their official 8,000 tonnes. How right the Chinese were already 50 years ago. And the world is likely to find out who really holds the gold and the power in the near term future.
The Central Banks around the world started panicking already in the early Autumn of 2019 with Repos and QE in the $100s of billions. Major parts of the world are today in total lockdown due to Coronavirus. No one understands or can estimate the effects of this. But what we can say with certainty is that a world which was already very fragile economically and financially before the Virus, will suffer immeasurable financial and human consequences due to the CV.
$1.5 QUADRILLION OF DERIVATIVES ARE NOW AT RISK
With economic activity virtually shut down in many countries and more certainly to follow, like the UK and US, the amount of money printing coming will be endless and of unimaginable quantities. It will start in the $ trillions, but as the banking system comes under pressure, it will grow to $10s of trillions. When one day Deutsche Bank, with $50 trillion in derivatives, comes under real pressure, which is not far away, the Bundesbank and ECB will have to print in the $100s of trillions. Remember that counterparties will fail simultaneously and JP Morgan for example also has around $50 trillion in derivatives. And soon at least $1.5 quadrillion is at risk when all counter parties fail.
The collapse of the banking system might not be in 2020 but once it unravels, Central Banks have no chance of stopping it but they will still use the only tool they know which is unlimited money printing. As I have said many times, YOU CANNOT SOLVE A PROBLEM WITH THE SAME MEANS THAT CREATED IT IN THE FIRST PLACE. Thus the money printing will fail, but before that many clueless investors will buy stocks again before the next big fall.
THE BOND MARKET WILL NOT SURVIVE
I must finish this newsletter now since it must be published. The bond market is the biggest danger globally combined with the derivatives. The artificial manipulation of interest rates might last for some time yet. It could go on for a year but the bond market might also collapse tomorrow. There is so much junk and so much bad debt in the system that it would be surprising if Central banks could maintain this charade for much longer.
Thus the bond market will default and collapse at some point not far away. The question is only when. What is certain is that investors will soon start bailing out. And as Central Banks accelerate money printing, they will be the only buyer of their own junk debt. The end of the financial system as we know it today is guaranteed. Its demise is imminent.
THIS TOO SHALL PASS
But please remember that This Too Shall Pass. The world will have difficult times ahead for some time. It is obviously made worse due to many people, and especially the old, being isolated. Still we have phones, FaceTime, Skype, Zoom etc so it is still possible to keep in touch with our loved ones and friends. At some point in the next few months Coronavirus will hopefully weaken and we can then function better.
The financial implications will last a lot longer and the world will have to get used to a much lower level of economic activity. But as I have stated many times, there are so many wonderful things in life that are free – like family friends, nature, books, music, television etc. Hard times bring people closer together for as long as we have a roof over our head and enough food to eat.
PS Italy just reported a 20% increase in CV cases in one day. Italy is sadly the model for the world. I implore everyone to be extremely careful and self isolate themselves. Doctors and hospitals will not have the capacity or the tools to help us all.
Matterhorn Asset Management (MAM) / GoldSwitzerland – Procedures
MAM has always had a contingency plan for emergencies of the nature that the world is experiencing currently.
All MAM staff is now self isolating. The company is structured in such a way that we can operate with 100% efficiency without sitting together.
During this period we will not receive visitors in the office but are happy to have video conferences with clients or potential clients.
The vaults are operating normally but have also taken the precaution of separating staff as well as self isolation whenever possible.


investmentwatchblog--2020-03-16--NO RESERVE REQUIREMENT: The Fed will replace fractional reserve banking with NO RESERVE BANKING and

NO RESERVE REQUIREMENT: The Fed will replace fractional reserve banking with NO RESERVE BANKING and 0% interest rates. Thousands of banks now free to create limitless amounts of loans without any reserves.

If you thought 2008 was bad , just wait..
Historically , banks are required to keep 10 % of their loaned-out capital in reserves .
However , the Fed just took an extraordinary step of reducing that to 0 % .
Banks no longer to keep any assets in reserve .
This will turn a house of cards into a gargantuan palace of cards .
In an unprecedented and historic move , the Federal Reserve has lowered its benchmark lending rate to zero .
Yes , ZERO .
And the central bank will embark upon a new quantitative easing program @ @ @ @ @ @ @ has proven susceptible to Covid 19 pressures .
The Fed ; s asset purchases will consist of U.S. Treasuries and mortgage-backed securities beginning Monday .
The majority of purchases will be Treasury securities .
Also , the Fed slashed the rate of emergency lending at the discount window for banks by 125 bps to 0.25 % , and lengthened the term of loans to 90 days .
Fed Fund target rate range is now 0 % to 0.25 % .
According to CNBC , the Fed also cut reserve requirement ratios for thousands @ @ @ @ @ @ @ , in a global coordinated move by centrals banks , the Fed said the Bank of Canada , the Bank of England , the Bank of Japan , the European Central Bank , the Federal Reserve , and the Swiss National Bank took action to enhance dollar liquidity around the world through existing dollar swap arrangements .
“ Reserve Requirements As announced on March 15 , 2020 , the Board reduced reserve requirement ratios to zero percent effective March 26 , 2020 .
This action eliminated reserve requirements for all depository institutions .
@ @ @ @ @ @ @ s authority to impose reserve requirements and how reserve requirements were administered prior to the change in reserve requirement ratios to zero .
The Federal Reserve Act authorizes the Board to establish reserve requirements within specified ranges for purposes of implementing monetary policy on certain types of deposits and other liabilities of depository institutions .
The dollar amount of a depository institution ’ s reserve requirement is determined by applying the reserve requirement ratios specified in the Board ’ s Regulation D ( Reserve Requirements of Depository Institutions , 12 CFR Part 204 @ @ @ @ @ @ @ liabilities ( see table of reserve requirements ) .
The Federal Reserve Act authorizes the Board to impose reserve requirements on transaction accounts , nonpersonal time deposits , and Eurocurrency liabilities .
Prior to the change effective March 26 , 2020 , reserve requirement ratios on net transactions accounts differed based on the amount of net transactions accounts at the depository institution .
A certain amount of net transaction accounts , known as the “ reserve requirement exemption amount , ” was subject to a reserve requirement ratio of zero percent .
Net @ @ @ @ @ @ @ exemption amount and up to a specified amount , known as the “ low reserve tranche , ” were subject to a reserve requirement ratio of 3 percent .
Net transaction account balances above the low reserve tranche were subject to a reserve requirement ratio of 10 percent .
The reserve requirement exemption amount and the low reserve tranche are indexed each year pursuant to formulas specified in the Federal Reserve Act ( see table of low reserve tranche amounts and exemption amounts since 1982 ) .
For more history on the changes @ @ @ @ @ @ @ of the exemption and low reserve tranche , see the annual review table .
Additional details on reserve requirements can be found in the Reserve Maintenance Manual and in the article ( 119 KB PDF ) in the Federal Reserve Bulletin , the appendix of which has tables of historical reserve ratios.
” Based on very rough calculations , this will free up over $ 1T in deposits to loan , a larger impact than the $ 700B QE .
Source

If you thought 2008 was bad, just wait..
Historically, banks are required to keep 10% of their loaned-out capital in reserves. However, the Fed just took an extraordinary step of reducing that to 0%.
Banks no longer to keep any assets in reserve. This will turn a house of cards into a gargantuan palace of cards.
via tradersmagazine
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In an unprecedented and historic move, the Federal Reserve has lowered its benchmark lending rate to zero. Yes, ZERO. And the central bank will embark upon a new quantitative easing program designed to stimulate the US economy which has proven susceptible to Covid 19 pressures. The Fed;s asset purchases will consist of U.S. Treasuries and mortgage-backed securities beginning Monday. The majority of purchases will be Treasury securities. Also, the Fed slashed the rate of emergency lending at the discount window for banks by 125 bps to 0.25%, and lengthened the term of loans to 90 days. Fed Fund target rate range is now 0% to 0.25%. According to CNBC, the Fed also cut reserve requirement ratios for thousands of banks to zero. In addition, in a global coordinated move by centrals banks, the Fed said the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank took action to enhance dollar liquidity around the world through existing dollar swap arrangements.
Federal reserve requirements – ZERO effective 03/26/20
“Reserve Requirements
As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions. The following content explains the Board’s authority to impose reserve requirements and how reserve requirements were administered prior to the change in reserve requirement ratios to zero. The Federal Reserve Act authorizes the Board to establish reserve requirements within specified ranges for purposes of implementing monetary policy on certain types of deposits and other liabilities of depository institutions. The dollar amount of a depository institution’s reserve requirement is determined by applying the reserve requirement ratios specified in the Board’s Regulation D (Reserve Requirements of Depository Institutions, 12 CFR Part 204) to an institution’s reservable liabilities (see table of reserve requirements). The Federal Reserve Act authorizes the Board to impose reserve requirements on transaction accounts, nonpersonal time deposits, and Eurocurrency liabilities. Prior to the change effective March 26, 2020, reserve requirement ratios on net transactions accounts differed based on the amount of net transactions accounts at the depository institution. A certain amount of net transaction accounts, known as the “reserve requirement exemption amount,” was subject to a reserve requirement ratio of zero percent. Net transaction account balances above the reserve requirement exemption amount and up to a specified amount, known as the “low reserve tranche,” were subject to a reserve requirement ratio of 3 percent. Net transaction account balances above the low reserve tranche were subject to a reserve requirement ratio of 10 percent. The reserve requirement exemption amount and the low reserve tranche are indexed each year pursuant to formulas specified in the Federal Reserve Act (see table of low reserve tranche amounts and exemption amounts since 1982). For more history on the changes in reserve requirement ratios and the indexation of the exemption and low reserve tranche, see the annual review table. Additional details on reserve requirements can be found in the Reserve Maintenance Manual and in the article (119 KB PDF) in the Federal Reserve Bulletin, the appendix of which has tables of historical reserve ratios.”
From Federal Reserve website.
Based on very rough calculations, this will free up over $1T in deposits to loan, a larger impact than the $700B QE. Source
h/t nocoinerclub


investmentwatchblog--2020-03-16--The Big Bang Is A Made Up Fairy Tale That Can’t Stand Up to Scrutiny

A new scientific study based on data from the Hubble Space Telescope was recently published which affirms what many other @ @ @ @ @ years : The so-called expansion of the Universe appears to be accelerating much too quickly @ @ @ @ @ of known physics .
However , plasma cosmology and the electric universe have challenged the @ @ @ @ @ of assessing the age and distance of celestial objects .
Objects that seem very distant @ @ @ @ @ be close and faint , throwing doubt on modern cosmological theory and the Big Bang @

A new scientific study based on data from the Hubble Space Telescope was recently published which affirms what many other papers have reported in recent years:
The so-called expansion of the Universe appears to be accelerating much too quickly to explain through any kind of known physics.
However, plasma cosmology and the electric universe have challenged the underpinnings of astrophysicists’ methods of assessing the age and distance of celestial objects.
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Objects that seem very distant and very huge can actually be close and faint, throwing doubt on modern cosmological theory and the Big Bang.
h/t Venus230


investmentwatchblog--2020-03-16--3rd Week of April and Coronavirus

3rd Week of April and Coronavirus

Historically , the third week of April has been filled with tragedies in America .
Some infamous examples include : @ @ @ @ @ from the deadliest week in American history and the coronavirus has began to spread in @ @ @ @ @ bans have been put in place , schools are closing , the stock market is @ @ @ @ @ are stockpiling supplies , causing shortages for various items in America .
Will the third @ @ @ @ @ be a deadly week in America due to panic and widespread cases of the coronavirus @ @ @ @ @ .
Stay safe , America .

by sgraber6
Historically, the third week of April has been filled with tragedies in America. Some infamous examples include:
April 19, 1775- Start of Revolutionary War
April 15, 1865- President Lincoln was assassinated
April 15, 1912- Titanic sinks
April 15, 2013- Boston Marathon Bombing
April 16, 2007- Virginia Tech shooting
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April 18, 1906- San Francisco Earthquake
April 19, 1995- Oklahoma City Bombing
April 20, 1999- Columbine Shooting
April 20, 2010- BP Oil Spill
April 19, 1993- Waco Massacre
We are one month away from the deadliest week in American history and the coronavirus has began to spread in America causing panic. Travel bans have been put in place, schools are closing, the stock market is dropping rapidly, and people are stockpiling supplies, causing shortages for various items in America.
Will the third week of April in 2020 be a deadly week in America due to panic and widespread cases of the coronavirus? Only time will tell. Stay safe, America.


investmentwatchblog--2020-03-16--UK coronavirus crisis to last 1+ year, 7.9m british people to be hospitalised on ventilators

UK coronavirus crisis to last 1+ year , 7.9m british people to be hospitalised on ventilators , above title is edited but is legit what they mean .
UK coronavirus crisis ‘ to last until spring 2021 and could see 7.9m hospitalised ’ I wonder what the % of people who survive after ventilation from not being able to breath on their own ?
if hospital beds get overwhelmed in the uk , most of those 7.9 million british people will die , like what is happening in italy .
herd immunity will not work at all .
there are @ @ @ @ @ @ @ of the world .
you will need to catch each current strain and then each future virus strain to gain immunity… one does not just gain immunity to viruses that can morph into something new .
throw in the information posted to glp about patients being cured but not really cured and the virus activating at a later time… that people can be reinfected by the same strain of coronavirus , there is no immunity created .
that the second infection is far worse than the first and may likely kill you .
@ @ @ @ @ @ @ tried and true strategies of countries like south korea , who have done rigorous testing and tracing of people , 20k tests are done a day.. they have contained it in a matter of months , almost virus free.. but no the uk wants everyone to be infected , for the crisis to drag on for potentially year/s the uk is in a world of sht

UK coronavirus crisis to last 1+ year, 7.9m british people to be hospitalised on ventilators,
above title is edited but is legit what they mean.
UK coronavirus crisis ‘to last until spring 2021 and could see 7.9m hospitalised’
www.theguardian.com/world/2020/mar/15/uk-coronavirus-crisis-to-last-until-spring-2021-and-could-see-79m-hospitalised
I wonder what the % of people who survive after ventilation from not being able to breath on their own?
if hospital beds get overwhelmed in the uk, most of those 7.9 million british people will die, like what is happening in italy.
herd immunity will not work at all.
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there are already multiple strains of coronavirus in countries of the world. you will need to catch each current strain and then each future virus strain to gain immunity… one does not just gain immunity to viruses that can morph into something new.
throw in the information posted to glp about patients being cured but not really cured and the virus activating at a later time…
that people can be reinfected by the same strain of coronavirus, there is no immunity created. that the second infection is far worse than the first and may likely kill you.
why isnt the uk following the same tried and true strategies of countries like south korea, who have done rigorous testing and tracing of people, 20k tests are done a day.. they have contained it in a matter of months, almost virus free..
but no the uk wants everyone to be infected, for the crisis to drag on for potentially year/s
the uk is in a world of sht
AC


investmentwatchblog--2020-03-16--CUOMO wants TRUMP TO MOBILIZE MILITARY to HELP FIGHT COVID-19

Morning Joe @ Morning_Joe Andrew Cuomo to President Trump : Mobilize the Military to Help Fight Coronavirus Opinion | Andrew @ @ @ @ @ Mobilize the Military to Help Fight Coronavirus nytimes.com 6:54 AM · Mar 16 , 2020·Twitter @ @

Morning Joe
@Morning_Joe
Andrew Cuomo to President Trump: Mobilize the Military to Help Fight Coronavirus
Opinion | Andrew Cuomo to President Trump: Mobilize the Military to Help Fight Coronavirus
nytimes.com
6:54 AM · Mar 16, 2020·Twitter Web App
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Andrew Cuomo to President Trump: Mobilize the Military to Help Fight Coronavirus t.co/9UHhSLfrHD — Morning Joe (@Morning_Joe) March 16, 2020


investmentwatchblog--2020-03-16--Here We Go: Amazon starts running out of stock. Delivery delays! Supply chain in big trouble!

Amazon warns of delivery delays , running out of items Amazon warned of delayed deliveries and items going out of stock as the coronavirus outbreak continues to spread .
The online retailer said the increase in people shopping online is having a short-term impact on how it serves customers .
“ In particular , you will notice that we are currently out of stock on some popular brands and items , especially in household staples categories , ” Amazon said in a blog post updated Saturday .
The retailer added that promised deliveries will take longer than usual .
“ @ @ @ @ @ @ @ our selling partners to ensure availability on all of our products , and bring on additional capacity to deliver all of your orders , ” the post added .
Amazon included a note at the top of its website telling customers “ inventory and delivery may be temporarily unavailable due to increased demand .
Confirm availability at checkout.
” Items such as toilet paper , hand sanitizer and hand soap were listed as out of stock on the website Sunday .
The outbreak also has also reportedly left the shelves of brick-and-mortar stores @ @ @ @ @

Amazon warns of delivery delays, running out of items
Amazon warned of delayed deliveries and items going out of stock as the coronavirus outbreak continues to spread.
The online retailer said the increase in people shopping online is having a short-term impact on how it serves customers.
“In particular, you will notice that we are currently out of stock on some popular brands and items, especially in household staples categories,” Amazon said in a blog post updated Saturday.
The retailer added that promised deliveries will take longer than usual.
“We are working around the clock with our selling partners to ensure availability on all of our products, and bring on additional capacity to deliver all of your orders,” the post added.
Amazon included a note at the top of its website telling customers “inventory and delivery may be temporarily unavailable due to increased demand. Confirm availability at checkout.”
Items such as toilet paper, hand sanitizer and hand soap were listed as out of stock on the website Sunday.
The outbreak also has also reportedly left the shelves of brick-and-mortar stores across the nation bare.