investmentwatchblog--2020-11-26--We Haven’t Seen This Much Suffering On Thanksgiving Since The Great Depression Of The 1930s

In my entire lifetime , there has never been a Thanksgiving like this .
39 million Americans don ’ t have enough to eat right now , more than 70 million claims for unemployment benefits have been filed so far during this calendar year , and people are waiting in line for hours at food banks all over the nation just for some Thanksgiving handouts .
If you and your family have plenty of turkey to eat , you should be very thankful , because many Americans can no longer even take Thanksgiving dinner for granted these days .
On @ @ @ @ @ @ @ hours in New Jersey as people waited to receive prepackaged Thanksgiving meals at a local food bank… Video obtained by CNN on Tuesday from the Meadowlands entertainment complex in New Jersey showed residents waiting for several hours to obtain prepackaged boxes of meals for the Thanksgiving holiday .
“ If it wasn ’ t for this place , we wouldn ’ t know where we would get our food , ” one distraught woman told CNN of the food bank in East Rutherford , N.J. Of course we have been seeing similar wait @ @ @ @ @ @ @ one food bank in Texas , demand for Thanksgiving meals was more than eight times higher than normal… You can see a stunning photograph of vehicles lined up for that food distribution event right here .
There are a lot of really nice vehicles in that picture .
Many of those individuals are probably accustomed to living comfortable middle class lifestyles , but just like I warned in my new book they are “ suddenly ” in need of food because this economic downturn has turned their worlds completely upside down .
Yes @ @ @ @ @ @ @ in America , but what we are witnessing now is hard to fathom .
According to the U.S. Census Bureau , approximately 12 percent of all Americans did not have enough food to eat between October 28th and November 9th… It is estimated that the current population of the United States is 328 million .
If you take 12 percent of 328 million , you get more than 39 million Americans that are going hungry right now .
And this is just the beginning .
Thanks to the new lockdowns that are being @ @ @ @ @ @ @ number of Americans that are filing for unemployment benefits is starting to rise again… Overall , more than 70 million new claims for unemployment benefits have been filed in 2020 .
As I discussed yesterday , we have never seen anything like this before in all of U.S. history .
At this point , even Hollywood is conducting mass layoffs .
More job loss announcements just keep rolling in with each passing day , and I expect that to continue all throughout the very dark winter ahead .
Other economic numbers also tell @ @ @ @ @ @ @ heading in the wrong direction… If you think that anyone is going to be able to wave a magic wand and fix this mess , you are just being delusional .
There are millions upon millions of Americans that have already been pushed to the breaking point by this pandemic .
One of those individuals is a 38-year-old California resident named Andrew Lee… “ I ’ ve exhausted all of my unemployment benefits .
I ’ ve had to resort to food stamps and [ California ’ s Medicaid program ] for the @ @ @ @ @ @ @ ’ m backdated on my rent and my credit has been ruined , ” said 38-year-old Andrew Lee , who lives in a suburb of Los Angeles with his wife and two children .
Lee lost his job as a business development director several months before the pandemic .
But once it hit , it became that much harder to find work .
And he didn ’ t initially qualify for any pandemic-related unemployment benefits .
His car has been repossessed and his wife ’ s car has also been repossessed .
So @ @ @ @ @ @ @ how are they supposed to get to work ?
Lee is just like so many other hurting Americans .
First he ran through all of his savings , and then he started relying on his credit cards .
Now that his unemployment benefits have been exhausted , he is out of options , and his family is a step or two from becoming homeless .
In the months ahead , tens of millions of others will find themselves facing similar scenarios .
This is what an economic collapse looks like .
The United @ @ @ @ @ @ @ anything like this since the Great Depression of the 1930s , and what we have experienced so far is just the start .
In 2019 , I received quite a bit of criticism because the economy was relatively stable and to many people it seemed like an “ economic collapse ” was not even remotely a possibility .
But now an economic collapse has officially arrived , and all of the things that I have been warning about are starting to happen one right after the other .
The “ perfect storm ” @ @ @ @ @ @ @ still do not understand the horrors that lie ahead .

by Michael Snyder
In my entire lifetime, there has never been a Thanksgiving like this. 39 million Americans don’t have enough to eat right now, more than 70 million claims for unemployment benefits have been filed so far during this calendar year, and people are waiting in line for hours at food banks all over the nation just for some Thanksgiving handouts. If you and your family have plenty of turkey to eat, you should be very thankful, because many Americans can no longer even take Thanksgiving dinner for granted these days. On Tuesday, vehicles were lined up for hours in New Jersey as people waited to receive prepackaged Thanksgiving meals at a local food bank…
Video obtained by CNN on Tuesday from the Meadowlands entertainment complex in New Jersey showed residents waiting for several hours to obtain prepackaged boxes of meals for the Thanksgiving holiday. “If it wasn’t for this place, we wouldn’t know where we would get our food,” one distraught woman told CNN of the food bank in East Rutherford, N.J.
Of course we have been seeing similar wait times all over the nation. At one food bank in Texas, demand for Thanksgiving meals was more than eight times higher than normal…
Food bank officials in Dallas, Texas, have also noticed a staggering increase in demand for food assistance. North Texas Food Bank representatives told the Dallas Morning News that they handed out roughly 8,500 meals to local families during a giveaway on Saturday that in years past has seen fewer than 1,000 show up for donations.
You can see a stunning photograph of vehicles lined up for that food distribution event right here.
There are a lot of really nice vehicles in that picture. Many of those individuals are probably accustomed to living comfortable middle class lifestyles, but just like I warned in my new book they are “suddenly” in need of food because this economic downturn has turned their worlds completely upside down.
Yes, there have always been hungry people in America, but what we are witnessing now is hard to fathom. According to the U.S. Census Bureau, approximately 12 percent of all Americans did not have enough food to eat between October 28th and November 9th…
As the coronavirus pandemic continues to surge, more Americans are reporting going hungry, a Washington Post analysis found. In data collected by the Census Bureau between Oct. 28 and Nov. 9, around 12 percent of all American adults reported not having enough food to eat, a figure higher than at any other point since the pandemic began earlier this year.
It is estimated that the current population of the United States is 328 million.
If you take 12 percent of 328 million, you get more than 39 million Americans that are going hungry right now.
And this is just the beginning. Thanks to the new lockdowns that are being instituted all over the country, the number of Americans that are filing for unemployment benefits is starting to rise again…
The number of Americans applying for unemployment benefits rose last week to 778,000, evidence that the U.S. economy and job market remain under strain as coronavirus cases surge and colder weather heighten the risks. The Labor Department’s report Wednesday said jobless claims climbed from 748,000 the week before. Before the virus struck hard in mid-March, weekly claims typically amounted to roughly 225,000.
Overall, more than 70 million new claims for unemployment benefits have been filed in 2020.
As I discussed yesterday, we have never seen anything like this before in all of U.S. history.
At this point, even Hollywood is conducting mass layoffs. More job loss announcements just keep rolling in with each passing day, and I expect that to continue all throughout the very dark winter ahead.
We are primarily funded by readers. Please subscribe and donate to support us!
Other economic numbers also tell us that the U.S. economy is definitely heading in the wrong direction…
The data firm Womply says that 21% of small businesses were shuttered at the start of this month, reflecting a steady increase from June’s 16% rate. Consumer spending at local businesses is down 27% this month from a year ago, marking a deterioration from a 20% year-over-year drop in October, Womply found.
If you think that anyone is going to be able to wave a magic wand and fix this mess, you are just being delusional.
There are millions upon millions of Americans that have already been pushed to the breaking point by this pandemic. One of those individuals is a 38-year-old California resident named Andrew Lee…
“I’ve exhausted all of my unemployment benefits. I’ve had to resort to food stamps and [California’s Medicaid program] for the first time in my life. I’m backdated on my rent and my credit has been ruined,” said 38-year-old Andrew Lee, who lives in a suburb of Los Angeles with his wife and two children. Lee lost his job as a business development director several months before the pandemic. But once it hit, it became that much harder to find work. And he didn’t initially qualify for any pandemic-related unemployment benefits.
His car has been repossessed and his wife’s car has also been repossessed.
So even if they could find jobs, how are they supposed to get to work?
Lee is just like so many other hurting Americans. First he ran through all of his savings, and then he started relying on his credit cards.
Now that his unemployment benefits have been exhausted, he is out of options, and his family is a step or two from becoming homeless.
In the months ahead, tens of millions of others will find themselves facing similar scenarios.
This is what an economic collapse looks like. The United States hasn’t had to face anything like this since the Great Depression of the 1930s, and what we have experienced so far is just the start.
In 2019, I received quite a bit of criticism because the economy was relatively stable and to many people it seemed like an “economic collapse” was not even remotely a possibility.
But now an economic collapse has officially arrived, and all of the things that I have been warning about are starting to happen one right after the other.
The “perfect storm” is upon us, and most Americans still do not understand the horrors that lie ahead.


investmentwatchblog--2020-11-26--Gold Suggests Stocks Will Crash Soon

Gold Suggests Stocks Will Crash Soon

In today ’ s show , you will learn that corporate insiders are selling stocks while retail investors are buying @ @ @ @ @ people losing their unemployment benefits means for the dollar , what the economic data is @ @ @ @ @ of the employment sector and inflation , and how gold is signalling real yields are @ @ @ @ @ which will suggests stock prices and crude oil will crash , and Treasury bond prices @ @ @

In today’s show, you will learn that corporate insiders are selling stocks while retail investors are buying stocks, what 13 million people losing their unemployment benefits means for the dollar, what the economic data is telling us about the health of the employment sector and inflation, and how gold is signalling real yields are likely to go higher, which will suggests stock prices and crude oil will crash, and Treasury bond prices will rise.
We are primarily funded by readers. Please subscribe and donate to support us!


investmentwatchblog--2020-11-26--Today’s death total is the highest since May 7. It is also the 7th highest daily death total to date

Today’s death total is the highest since May 7. It is also the 7th highest daily death total to date.

NEVER FORGET -- 57 Year Ago Today A Sitting President Was Assassinated For A Fraction Of What DJT Has Done

Today's death total is the highest since May 7. It is also the 7th highest daily death total to date. pic.twitter.com/hyHlT3D98a
— The COVID Tracking Project (@COVID19Tracking) November 26, 2020


investmentwatchblog--2020-11-27--WEF Managing Director: “There will be another crisis. It will be more significant. Faster, and great

WEF Managing Director: “There will be another crisis. It will be more significant. Faster, and greater impact than COVID-19.”

`` There will be another crisis .
It will be more significant .
Faster , and greater impact than COVID-19 @ @ @ @ @ full report about this next crisis , above in thread ) pic.twitter.com/8THjNK6V1M

WEF Managing Director Jeremy Jurgens:
"There will be another crisis. It will be more significant. Faster, and greater impact than COVID-19."
(see my full report about this next crisis, above in thread) pic.twitter.com/8THjNK6V1M
— Food Czar-Elect Ice Age Farmer ❄🌱 (same @ Parler) (@IceAgeFarmer) November 15, 2020


investmentwatchblog--2020-11-27--Twitter is Now Showing “Unsafe Link” Warning Messages for Sidney Powell’s Website

I for one thank Jack Dorsey and our tech overlords for keeping us “ safe ” from being informed .
@ @ @ @ @ much safer in ignorance .
Am I doing it right ?

Twitter is now showing "Unsafe Link" Warning Messages for @SidneyPowell1's website pic.twitter.com/xA0plfH9Vw — Jack Posobiec 🇺🇸 (@JackPosobiec) November 26, 2020
I for one thank Jack Dorsey and our tech overlords for keeping us “safe” from being informed. Gee, I feel so much safer in ignorance. Am I doing it right?
We are primarily funded by readers. Please subscribe and donate to support us!
h/t axolotl_peyotl


investmentwatchblog--2020-11-27--Did California Governor Gavin Newsom Enter Into A Corrupt Deal With A Chinese Company in a $1.4 bill

Did California Governor Gavin Newsom Enter Into A Corrupt Deal With A Chinese Company in a $1.4 billion dollar deal to buy N-95 masks with a electric bus maker company that has NO HISTORY of making masks?

Why didn ’ t he use an American company like 3M ?
Gov .
Gavin Newsom made a $ 1.4 billion deal with BYD , a Chinese company , to produce N-95 masks .
What ’ s weird about this situation is that BYD is an electric bus maker with no history of making masks .
What ’ s even weirder is that the masks never came to fruition because they failed to meet national safety and health standards .
The story begins in March with a different company .
A deal was made with Blue Frame Medical LLC , @ @ @ @ @ @ @ political consultants looking to cash in on the pandemic .
Newsom facilitated a $ 456.9 million transaction with the company , wiring the funds in exchange for millions of masks .
However , shortly after the transfer was initiated , the State Controller ’ s office got a call from the bank , notifying them that the account they were transferring to was opened just one day before .
The state immediately requested its money back and began its search for a new company to produce masks .
In April , a deal @ @ @ @ @ @ @ contract was kept hidden from legislators and the media .
The California Globe has found “ a trail of well-connected players ” involved in the $ 1.4 billion mask deal .
Mark Weideman : a prominent lobbyist who represents BYD .
BYD ’ s automotive division contributed $ 40,000 to Newsom ’ s campaign .
Mark Weideman ’ s wife , Jennifer Wada : their marriage is not common knowledge even to many Sacramento insiders .
Wada currently owns a government relations business .
Anthony Williams : prior to that owning a government @ @ @ @ @ @ @ named Anthony Williams were partners in a law firm : Wada , Williams Law Group .
Anthony Williams is now Gov .
Newsom ’ s Legislative Affairs Secretary .
There are also links to Tom Steyer , the failed presidential candidate who also happens to be Newsom ’ s Economic Recovery Committee Chairman .
According to California Globe , a source said the governor was able to pivot so quickly from the bad Blue Flame Medical deal to BYD because of the connections between Weideman , Wada , and Williams .
California Globe @ @ @ @ @ @ @ attempt to get to the bottom of all this , here is the response they received : “ Newsom and his aides singled out BYD-America , which manufactures electric buses in Lancaster and has been a beneficiary of California ’ s efforts to combat climate change , ” CalMatters reported in April .
“ Mark Ghilarducci , Newsom ’ s director of the Office of Emergency Services , said BYD has a direct reachback into China to be able to build a sustainable amount of monthly masks that will be coming in to @ @ @ @ @ @ @ is not right here .
Why are all of these well-connected players involved ?
How was a decision made to source ventilators from a company that was only days old ?
And how did the governor pivot to a new company—that has no business making masks—so quickly ?
We may be able to answer these questions if the details were not being hidden from the public .
It appears that someone doesn ’ t want these details publicized , and that is all the more reason why they should be .
These are @ @ @ @ @ @ @ and if they are being used incorrectly , we must find out and hold people accountable .

Why didn’t he use an American company like 3M?
Governor Newsom’s Dubious Mask Deal Brings Corruption Concerns
June 4, 2020
written by Michael Palomba
Gov. Gavin Newsom made a $1.4 billion deal with BYD, a Chinese company, to produce N-95 masks. What’s weird about this situation is that BYD is an electric bus maker with no history of making masks. What’s even weirder is that the masks never came to fruition because they failed to meet national safety and health standards.
The story begins in March with a different company. A deal was made with Blue Frame Medical LLC, a recently formed company made up of political consultants looking to cash in on the pandemic. Newsom facilitated a $456.9 million transaction with the company, wiring the funds in exchange for millions of masks. However, shortly after the transfer was initiated, the State Controller’s office got a call from the bank, notifying them that the account they were transferring to was opened just one day before.
The state immediately requested its money back and began its search for a new company to produce masks. In April, a deal was struck with BYD, but the contract was kept hidden from legislators and the media.
The California Globe has found “a trail of well-connected players” involved in the $1.4 billion mask deal.
These players include:
Mark Weideman: a prominent lobbyist who represents BYD. BYD’s automotive division contributed $40,000 to Newsom’s campaign.
Mark Weideman’s wife, Jennifer Wada: their marriage is not common knowledge even to many Sacramento insiders. Wada currently owns a government relations business.
We are primarily funded by readers. Please subscribe and donate to support us!
Anthony Williams: prior to that owning a government relations business, Wada and a man named Anthony Williams were partners in a law firm: Wada, Williams Law Group. Anthony Williams is now Gov. Newsom’s Legislative Affairs Secretary.
There are also links to Tom Steyer, the failed presidential candidate who also happens to be Newsom’s Economic Recovery Committee Chairman.
According to California Globe, a source said the governor was able to pivot so quickly from the bad Blue Flame Medical deal to BYD because of the connections between Weideman, Wada, and Williams.
California Globe sent an email to Weideman in an attempt to get to the bottom of all this, here is the response they received:
“Newsom and his aides singled out BYD-America, which manufactures electric buses in Lancaster and has been a beneficiary of California’s efforts to combat climate change,” CalMatters reported in April. “Mark Ghilarducci, Newsom’s director of the Office of Emergency Services, said BYD has a direct reachback into China to be able to build a sustainable amount of monthly masks that will be coming in to assist us.”
It seems like something is not right here. Why are all of these well-connected players involved? How was a decision made to source ventilators from a company that was only days old? And how did the governor pivot to a new company—that has no business making masks—so quickly?
We may be able to answer these questions if the details were not being hidden from the public. It appears that someone doesn’t want these details publicized, and that is all the more reason why they should be. These are our tax dollars being played with, and if they are being used incorrectly, we must find out and hold people accountable.
www.sandiegonewsdesk.com/2020/06/governor-newsoms-dubious-mask-deal-brings-corruption-concerns/
Related:
millions of dollars to communist China to allegedly purchase "covid supplies," but it was all a massive money laundering, kickback and bribery scheme that saw money transferred to the family members and business entities of the corrupt U.S. governors, according to sources.. — John Filipovic (@johnflipside) November 24, 2020
h/t I_am_Not_A_Robot_13


investmentwatchblog--2020-11-27--Interesting data from the CDC

Interesting data from the CDC

The pdf Code Monkey said to save show up in WH visitor logs .
2012-2016 - Obama Years .
Interesting @ @ @ @ @ up in Whitehouse Logs !

by spectrequeen
You’d expect a lot more deaths for “the worst pandemic since 1918” wouldn’t you? Especially since the population grew by 4 million in 3 years.
We are primarily funded by readers. Please subscribe and donate to support us!
www.cdc.gov/nchs/nvss/vsrr/covid19/index.htm
www.cdc.gov/nchs/fastats/deaths.htm


investmentwatchblog--2020-11-27--Los Angeles to shut off water and power to homes hosting large parties or gatherings — shut off wate

Los Angeles to shut off water and power to homes hosting large parties or gatherings — shut off water & power to save lives.

Los Angeles Mayor Eric Garcetti said on Wednesday that he is authorizing the city to shut off utility service to @ @ @ @ @ gatherings are held , CBS Los Angeles reports .
Garcetti said that , starting Friday @ @ @ @ @ of Water and Power will cut off water and power service in “ egregious ” @ @ @ @ @ and gatherings take place .
The announcement came hours after City Councilman David Ryu introduced @ @ @ @ @ for property owners who hold large house parties in violation of public health orders .
@ @ @ @ @ whether Garcetti ’ s announcement was related to that motion .
In the motion introduced @ @ @ @ @ owners who skirt building and safety rules or city laws , such as the Los @ @ @ @ @ are in violation of COVID-19 public health orders and the city ’ s party house @ @ @ @ @ in 2018 .

Los Angeles Mayor Eric Garcetti said on Wednesday that he is authorizing the city to shut off utility service to properties where large parties and gatherings are held, CBS Los Angeles reports. Garcetti said that, starting Friday, the Los Angeles Department of Water and Power will cut off water and power service in “egregious” cases where unpermitted large parties and gatherings take place.
The announcement came hours after City Councilman David Ryu introduced a motion to increase penalties for property owners who hold large house parties in violation of public health orders. It wasn’t clear whether Garcetti’s announcement was related to that motion.
We are primarily funded by readers. Please subscribe and donate to support us!
In the motion introduced Wednesday, Ryu said property owners who skirt building and safety rules or city laws, such as the Los Angeles party house ordinance, are in violation of COVID-19 public health orders and the city’s party house ordinance, which became law in 2018.
www.cbsnews.com/news/los-angeles-shut-off-water-power-houses-hosting-large-parties-gatherings/


investmentwatchblog--2020-11-27--Twitter is now warning you away from witness testimony at public hearings.

Twitter is now warning you away from witness testimony at public hearings .
If these facts were asserted by Team @ @ @ @ @ have covered this Pa hearing LIVE .
This has to end .

Twitter is now warning you away from witness testimony at public hearings. If these facts were asserted by Team Biden, every network would have covered this Pa hearing LIVE.
This has to end.
We are primarily funded by readers. Please subscribe and donate to support us!
WATCH: Crowd gasps after finding out that a mysterious spike of votes in Pennsylvania had 600,000 votes for Biden and only 3,200 for @realDonaldTrump pic.twitter.com/Sa1n3jpyhf — Team Trump (@TeamTrump) November 25, 2020
h/t WyatteSmith


investmentwatchblog--2020-11-27--North Korean Defector Exposes Kim Jong Un & China

A very heart moving discussion from a North Korean defector and her insight on what ’ s happening in America @ @ @ @ @ her views of Trump ’ s handling of Kim Jong Un… Well worth your time……… @ @ @ @ @ pushing for socialism are the ones who really need to pay attention .

A very heart moving discussion from a North Korean defector and her insight on what’s happening in America today, as well as her views of Trump’s handling of Kim Jong Un…
Well worth your time………. the ones who are pushing for socialism are the ones who really need to pay attention.
We are primarily funded by readers. Please subscribe and donate to support us!
h/t Satya Revelations


investmentwatchblog--2020-11-27--People are being warned that high music levels this Thanksgiving can increase covid rates. HOW?

In another saga of the strangest disease known to man , somehow the disease is now affected by loud sound @ @ @ @ @ does a respiratory illness spread by sound ?
This doesn ’ t even make sense @

In another saga of the strangest disease known to man, somehow the disease is now affected by loud sound. How in the hell does a respiratory illness spread by sound? This doesn’t even make sense.
We are primarily funded by readers. Please subscribe and donate to support us!
h/t 1Red_Cola


investmentwatchblog--2020-11-26--Today, historic low interest rates and tight credit spreads have created the loosest backdrop yet.

1/3: Long call option positioning today relative to puts is the highest since the tech bubble, but S&P 500 RSI has been diverging. Meanwhile, median short interest as a % of market cap for the S&P 500 just plunged to its lowest in history. t.co/Dnc2VYs2NW pic.twitter.com/ncGJIcB2nJ — Kevin C. Smith, CFA (@crescatkevin) November 25, 2020
3/3: Ultra-easy financial conditions create speculative tops, like the tech and housing bubbles of 2000 and 2007. Major market and economic crises followed these setups. Today, historic low interest rates and tight credit spreads have created the loosest backdrop yet. pic.twitter.com/OdAeMIVQli — Kevin C. Smith, CFA (@crescatkevin) November 25, 2020
The U.S. Bureau of Labor Statistics predicts that assuming the poverty rate comes in at over 14% this year, more than 60 million will be affected, including 17 million children. Dow Jones 30k t.co/fvPFJaXHBk — Alessio Urban (@AlessioUrban) November 26, 2020


investmentwatchblog--2020-11-26--Conservatives Have Lots Of Reasons To Be Thankful This Thanksgiving

I ’ ve been a positive thinker my whole life .
I ’ m a big believer in always seeing the glass as half full .
It ’ s the only way to live .
Sure , there are lots of crazy and bad things happening right now .
I ’ ll address them after the holiday is over .
But for now , I want to make you smile .
I want to make you see your glass as half full this Thanksgiving weekend .
We could focus on the bad .
We all know the election was stolen @ @ @ @ @ @ @ shows only 3 % of President Trump ’ s voters see Joe Biden as the legitimate winner .
73 % see President Trump as the legitimate winner , while 24 % are not sure .
Only 3 % of Trump voters believe he should concede to Biden .
66 % think Trump should never concede .
And 72 % of Trump voters would leave the GOP if Trump forms a third party .
So , the Trump Army is still very much together , loyal , passionate and in fighting spirit .
That @ @ @ @ @ @ @ focus on the lockdowns and shutdowns .
On this Thanksgiving holiday , Democrats want us to live masked and miserable indoors , in our own homes .
They want us locked down , lonely , bored , depressed , hopeless .
They want your business closed , your job gone .
They want to leave you with no way to pay your bills , your mortgage , your car payments , your kids ’ college tuition .
This is how they make us dependent on government .
In Oregon they just legalized heroin @ @ @ @ @ @ @ in Portland can snort cocaine , or inject heroin and they aren ’ t breaking the law .
But if a nice , normal , law-abiding , taxpaying , Christian family has too many friends and family over for Thanksgiving dinner , they could be dragged off to prison by the 21st century version of the Gestapo .
Heroin good .
Cocaine , good .
Turkey , bad .
That ’ s how Democrats think .
Always remember that .
If you think of all that , you ’ ll be depressed .
@ @ @ @ @ @ @ the good .
Let ’ s think of the glass as half full .
First , the GOP didn ’ t lose on Election Night .
We actually had a very solid night .
There was no blue wave .
Actually , there was a moderate red wave .
This is still a center right country .
It ’ s just that the fake news media won ’ t tell you .
Donald Trump faced four years of lies , smears , fraud , slander , fake news and fake polls , and @ @ @ @ @ @ @ than his victory in 2016 .
That ’ s a miracle .
Trump got the most votes of any sitting president in history .
Trump got the most votes of any Republican in history .
Trump got more black votes , Latino and minority votes than any Republican in half a century .
Because of Trump , the GOP expanded its base dramatically .
Somehow the media missed all that .
Although Nancy Pelosi and the Democrats were supposed to run the table and add twenty House seats , instead they got their @ @ @ @ @ @ @ added at last 10 new House seats and maybe as many as 15 seats .
The GOP did very well in the U.S. Senate too .
Republicans had to defend many more seats than Democrats , yet fought our way to a 50-48 majority , with two races to go in Georgia .
If we win only one out of two races , the GOP retains the majority .
On a state by state basis , Republicans did even better .
The GOP ( again , with Trump at the top of the @ @ @ @ @ @ @ legislatures across the country .
In 22 states Republicans will hold unified control over the governor ’ s office and both houses of the legislature .
The great news is Republican state legislatures are now in control of redistricting Houses seats for the next decade .
This almost guarantees the GOP will re-take the House in 2022 .
Don ’ t forget conservatives now hold a commanding 6-3 lead at the U.S. Supreme Court ( although assume turncoat John Roberts sides with Dems on many votes ) .
And as far as President @ @ @ @ @ @ @ m the author of the new national # 1 bestseller “ TRUMP RULES.
” I ’ ve studied Donald J. Trump for 41 years- since I was a freshman at Columbia University .
I know this much after a lifetime of studying Trump- if anyone can overturn the election results , Trump can .
He was born to make the impossible , possible .
Every time liberals , or the liberal media thinks Trump is as good as dead , he rises from the ashes like a Phoenix .
Despite the media lies @ @ @ @ @ @ @ the magical “ TRUMP RULES ” of success , this presidential race is far from over .
As conservative and Christian Americans enjoy Thanksgiving weekend , we are certainly under attack .
But we still have lots to be thankful for , and much to smile about .
Our glass is more than half full .
Wayne Allyn Root is the author of the new # 1 national bestselling book , “ TRUMP RULES.
” Wayne is a CEO , entrepreneur and host of the nationally-syndicated “ Wayne Allyn Root : Raw & @ @ @ @ @ @ @ daily from 6 PM to 9 PM EST and the “ WAR RAW ” podcast .
To find out more about Wayne Allyn Root and read features by other Creators Syndicate writers and cartoonists , visit the Creators Syndicate website at www.creators.com .

By Wayne Root
I’ve been a positive thinker my whole life. I’m a big believer in always seeing the glass as half full. It’s the only way to live.
Sure, there are lots of crazy and bad things happening right now. I’ll address them after the holiday is over. But for now, I want to make you smile. I want to make you see your glass as half full this Thanksgiving weekend.
We could focus on the bad. We all know the election was stolen. A new poll by CNBC/Change Research shows only 3% of President Trump’s voters see Joe Biden as the legitimate winner. 73% see President Trump as the legitimate winner, while 24% are not sure.
Only 3% of Trump voters believe he should concede to Biden. 66% think Trump should never concede. And 72% of Trump voters would leave the GOP if Trump forms a third party.
So, the Trump Army is still very much together, loyal, passionate and in fighting spirit. That’s good news.
We could focus on the lockdowns and shutdowns. On this Thanksgiving holiday, Democrats want us to live masked and miserable indoors, in our own homes. They want us locked down, lonely, bored, depressed, hopeless. They want your business closed, your job gone. They want to leave you with no way to pay your bills, your mortgage, your car payments, your kids’ college tuition. This is how they make us dependent on government.
In Oregon they just legalized heroin & cocaine. A family of four in Portland can snort cocaine, or inject heroin and they aren’t breaking the law. But if a nice, normal, law-abiding, taxpaying, Christian family has too many friends and family over for Thanksgiving dinner, they could be dragged off to prison by the 21st century version of the Gestapo.
Heroin good. Cocaine, good. Turkey, bad. That’s how Democrats think. Always remember that.
If you think of all that, you’ll be depressed.
So, let’s focus on the good. Let’s think of the glass as half full.
First, the GOP didn’t lose on Election Night. We actually had a very solid night. There was no blue wave. Actually, there was a moderate red wave. This is still a center right country. It’s just that the fake news media won’t tell you.
We are primarily funded by readers. Please subscribe and donate to support us!
Donald Trump faced four years of lies, smears, fraud, slander, fake news and fake polls, and still he added 11 million votes more than his victory in 2016. That’s a miracle.
Trump got the most votes of any sitting president in history. Trump got the most votes of any Republican in history. Trump got more black votes, Latino and minority votes than any Republican in half a century. Because of Trump, the GOP expanded its base dramatically. Somehow the media missed all that.
Although Nancy Pelosi and the Democrats were supposed to run the table and add twenty House seats, instead they got their head handed to them. The GOP added at last 10 new House seats and maybe as many as 15 seats.
The GOP did very well in the U.S. Senate too. Republicans had to defend many more seats than Democrats, yet fought our way to a 50-48 majority, with two races to go in Georgia. If we win only one out of two races, the GOP retains the majority.
On a state by state basis, Republicans did even better. The GOP (again, with Trump at the top of the ticket) expanded our lead in state legislatures across the country. In 22 states Republicans will hold unified control over the governor’s office and both houses of the legislature.
The great news is Republican state legislatures are now in control of redistricting Houses seats for the next decade. This almost guarantees the GOP will re-take the House in 2022.
Don’t forget conservatives now hold a commanding 6-3 lead at the U.S. Supreme Court (although assume turncoat John Roberts sides with Dems on many votes).
And as far as President Trump’s fate, I’m the author of the new national #1 bestseller “TRUMP RULES.” I’ve studied Donald J. Trump for 41 years- since I was a freshman at Columbia University. I know this much after a lifetime of studying Trump- if anyone can overturn the election results, Trump can. He was born to make the impossible, possible.
Every time liberals, or the liberal media thinks Trump is as good as dead, he rises from the ashes like a Phoenix. Despite the media lies, based on what I know about the magical “TRUMP RULES” of success, this presidential race is far from over.
As conservative and Christian Americans enjoy Thanksgiving weekend, we are certainly under attack. But we still have lots to be thankful for, and much to smile about. Our glass is more than half full.
Wayne Allyn Root is the author of the new #1 national bestselling book, “TRUMP RULES.” Wayne is a CEO, entrepreneur and host of the nationally-syndicated “Wayne Allyn Root: Raw & Unfiltered” on USA Radio Network, daily from 6 PM to 9 PM EST and the “WAR RAW” podcast. To find out more about Wayne Allyn Root and read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate website at www.creators.com.


investmentwatchblog--2020-11-26--Dow 30,000: Fed Gets the Credit and the Blame

Markets hit all time record high of 30k .
Record TSLA stock price rockets Elon Musk to second richest in @ @ @ @ @ credit for record markets he said would tank on Biden win .
Janet Yellen for @ @ @ @ @ opposite of the Roaring Twenties are here .
Bitcoin flirts with 20k .
FDA blocks @ @ @

by Peter Schiff of Peter Schiff Podcast
We are primarily funded by readers. Please subscribe and donate to support us!
Markets hit all time record high of 30k.
Record TSLA stock price rockets Elon Musk to second richest in the world.
Trump takes credit for record markets he said would tank on Biden win.
Janet Yellen for Secretary of Debt.
The opposite of the Roaring Twenties are here.
Bitcoin flirts with 20k.
FDA blocks harmless drugs.


investmentwatchblog--2020-11-26--Does money supply growth feed straight into house prices?

I thought that I would look at things today from a slightly different perspective or to quote the French man in The Matrix series we shall investigate some cause and effect .
Let me give you the latest news on the effect .
In Q3 2020 , the rise in prices of second-hand dwellings in France ( excluding Mayotte ) weakened : +0.5 % compared to Q2 2020 ( provisional seasonally adjusted results ) , after +1.4 % in Q2 and +1.9 % in Q1 2019 .
Over a year , the rise in prices continued : +5.2 % , @ @ @ @ @ @ @ As observed since the end of 2016 , this increase was more important for flats ( +6.5 % over the year ) than for houses ( +4.2 % ) .
( Insee ) The reality of the situation arrives when you look at the overall pattern .
We saw negative interest-rates introduced by the ECB in June 2014 and large-scale QE begin in March 2015 .
After several years of falling house prices we then saw French annual house price growth move into positive territory towards the end of 2015 .
Since then @ @ @ @ @ @ @ rise and is now above 5 % .
The ECB and Bank of France will of course be noting this down as Wealth Effects a plan which is aided and abetted by the Euro area measure of inflation which conveniently omits owner-occupied housing completely .
Apparently the twenty odd years they have had to do something about this is not long enough or something like that .
If we bring this right up to date I am nit especially bothered by the decline in quarterly growth in house prices .
After all the @ @ @ @ @ @ @ and the monetary easing we are about to look at has prevented them so far .
Or in an amusing irony we can quote the word “ counterfactual ” back at the central bankers .
The growth here remains stellar as we look at the measure most affected by all the easing .
This is a consequence of buying some 25.5 billion Euros of bonds under the original QE programme ( PSPP ) and some 62 billion under the new emergency pandemic one or PEPP .
Just to mark you cards looking ahead @ @ @ @ @ @ @ from around 15 billion per week to around 20 billion in a possible harbinger of the ECB December decision .
This is a game the ECB has been playing since 2015 when it got M1 growth as high as 11.7 % which was part of the push on house prices we looked at above .
Annual growth had fallen to around 7 % before the last act of Mario Draghi last autumn pushed it back above 8 % and now the pandemic response pushed it into double-figures .
There is another issue here @ @ @ @ @ @ @ The 13.8 % growth in October is on a much larger amount .
Indeed M1 passed 10 trillion Euros in size in October .
If we go wider in monetary terms we see a similar picture .
The pattern here is different as the previous moves had struggled to get annual growth much above 5 % and now well you can see for yourself.Something of a wall of broad money going somewhere but not into the real economy .
As you might expect some of this is the tsunami of narrow money .
@ @ @ @ @ @ @ last component of marketable instruments on two counts .
Firstly it can point to it as a response to its actions .
Secondly growth in such markets will no doubt lead to a growth in sinecures for past central bankers .
Things then get more awkward because it was only the day before yesterday we noted a savings ratio of 13.5 % in Germany on the third quarter .
Well from the numbers below it looks as though businesses are saving too and doing it via their bank accounts .
It might be @ @ @ @ @ @ @ money they can not spend yet as we see a shift in monetary transmission .
This is one of the clearest examples of what in economics is called excess money balances I have ever seen .
Except right now neither supposed consequence of growth and inflation can happen much .
With the various support schemes in place it is hard to know what these numbers are really telling us .
We do get a pointer to something we know is happening .
Credit is flowing to governments and some of it is being @ @ @ @ @ @ @ more internationally and see examples of monetary policy affecting asset prices .
The United States has given us two examples this week alone .
We can also look to Japan where this morning ’ s Nikkei 225 close at 26,537 compares with more like 8,000 when the Abenomics experiment began .
The catch is that in terms of money supply there are lots of leads and lags in the system .
So we can see some things clearly such as the rise in French house price growth but in other areas the rain @ @ @ @ @ @ @ the CAC-40 has surged in response to the monetary easing but like the UK FTSE 100 is well below past peaks .
Of course another asset market which is French sovereign bonds has gone through the roof such that France is being paid to borrow ( ten-year yield -0.34 % ) in an example of a direct impact .
Switching to the real economy there will be greater lags right now as the Covid-19 restrictions and lockdowns crunch economies regardless of monetary growth .
But if you think about it that only raises @ @ @ @ @ @ @ only the Euro area that puts a Nelsonian blind eye to likely developments .

by Shaun Richards
I thought that I would look at things today from a slightly different perspective or to quote the French man in The Matrix series we shall investigate some cause and effect. Let me give you the latest news on the effect.
In Q3 2020, the rise in prices of second-hand dwellings in France (excluding Mayotte) weakened: +0.5% compared to Q2 2020 (provisional seasonally adjusted results), after +1.4% in Q2 and +1.9% in Q1 2019. Over a year, the rise in prices continued: +5.2%, after +5.6% and +4.9%. As observed since the end of 2016, this increase was more important for flats (+6.5% over the year) than for houses (+4.2%). ( Insee)
The reality of the situation arrives when you look at the overall pattern. We saw negative interest-rates introduced by the ECB in June 2014 and large-scale QE begin in March 2015. After several years of falling house prices we then saw French annual house price growth move into positive territory towards the end of 2015. Since then the rate of growth has tended to rise and is now above 5%. The ECB and Bank of France will of course be noting this down as Wealth Effects a plan which is aided and abetted by the Euro area measure of inflation which conveniently omits owner-occupied housing completely. Apparently the twenty odd years they have had to do something about this is not long enough or something like that.
If we bring this right up to date I am nit especially bothered by the decline in quarterly growth in house prices. After all the background environment is for house price falls and the monetary easing we are about to look at has prevented them so far. Or in an amusing irony we can quote the word “counterfactual” back at the central bankers.
Money Supply
The growth here remains stellar as we look at the measure most affected by all the easing.
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, stood at 13.8% in October, unchanged from previous month.
This is a consequence of buying some 25.5 billion Euros of bonds under the original QE programme ( PSPP) and some 62 billion under the new emergency pandemic one or PEPP. Just to mark you cards looking ahead the latter seems to have accelerated recently from around 15 billion per week to around 20 billion in a possible harbinger of the ECB December decision.
This is a game the ECB has been playing since 2015 when it got M1 growth as high as 11.7% which was part of the push on house prices we looked at above. Annual growth had fallen to around 7% before the last act of Mario Draghi last autumn pushed it back above 8% and now the pandemic response pushed it into double-figures. There is another issue here which was described by Kate Bush.
Be running up that road
Be running up that hill
Be running up that building
The 13.8% growth in October is on a much larger amount. Indeed M1 passed 10 trillion Euros in size in October.
Broad Money
If we go wider in monetary terms we see a similar picture.
Annual growth rate of broad monetary aggregate M3 stood at 10.5% in October 2020, after 10.4% in September 2020
The pattern here is different as the previous moves had struggled to get annual growth much above 5% and now well you can see for yourself.Something of a wall of broad money going somewhere but not into the real economy. As you might expect some of this is the tsunami of narrow money.
Looking at the components’ contributions to the annual growth rate of M3, the narrower aggregate M1 contributed 9.4 percentage points (as in the previous month), short-term deposits other than overnight deposits (M2-M1) contributed 0.4 percentage point (as in the previous month) and marketable instruments (M3-M2) contributed 0.7 percentage point (up from 0.6 percentage point).
The ECB will be pleased with the last component of marketable instruments on two counts. Firstly it can point to it as a response to its actions. Secondly growth in such markets will no doubt lead to a growth in sinecures for past central bankers.
We are primarily funded by readers. Please subscribe and donate to support us!
Things then get more awkward because it was only the day before yesterday we noted a savings ratio of 13.5% in Germany on the third quarter. Well from the numbers below it looks as though businesses are saving too and doing it via their bank accounts.
From the perspective of the holding sectors of deposits in M3, the annual growth rate of deposits placed by households increased to 7.9% in October from 7.7% in September, while the annual growth rate of deposits placed by non-financial corporations decreased to 20.5% in October from 21.1% in September. Finally, the annual growth rate of deposits placed by non-monetary financial corporations (excluding insurance corporations and pension funds) decreased to 7.3% in October from 8.2% in September.
It might be more accurate to say they have received money they cannot spend yet as we see a shift in monetary transmission. This is one of the clearest examples of what in economics is called excess money balances I have ever seen. Except right now neither supposed consequence of growth and inflation can happen much.
Credit
With the various support schemes in place it is hard to know what these numbers are really telling us. We do get a pointer to something we know is happening.
The annual growth rate of credit to general government increased to 20.3% in October from 18.9% in September, while the annual growth rate of credit to the private sector stood at 4.9% in October, unchanged from the previous month.
Credit is flowing to governments and some of it is being passed on.
Comment
We can now look more internationally and see examples of monetary policy affecting asset prices. The United States has given us two examples this week alone.
US home prices climbed the most on record in the third quarter as historically low mortgage rates drove outsized demand, the Federal Housing Finance Agency said in a Tuesday report. Prices gained 3.1% from their prior-quarter levels, according to the report. The jump also places prices 7.8% higher than their year-ago levels. A seasonally adjusted monthly index of prices gained 1.7% in September. ( Business Insider)
And this.
The Dow Jones Industrial Average hit 30000 for the first time on Tuesday, after a rally of more than 60% from its March lows. ( WSJ)
We can also look to Japan where this morning’s Nikkei 225 close at 26,537 compares with more like 8,000 when the Abenomics experiment began.
The catch is that in terms of money supply there are lots of leads and lags in the system. So we can see some things clearly such as the rise in French house price growth but in other areas the rain has not yet gone. For example the CAC-40 has surged in response to the monetary easing but like the UK FTSE 100 is well below past peaks. Of course another asset market which is French sovereign bonds has gone through the roof such that France is being paid to borrow ( ten-year yield -0.34%) in an example of a direct impact.
Switching to the real economy there will be greater lags right now as the Covid-19 restrictions and lockdowns crunch economies regardless of monetary growth. But if you think about it that only raises the inflationary risks and it is not only the Euro area that puts a Nelsonian blind eye to likely developments.
“The government’s plan to replace RPI with CPIH is a clear case of using the wrong tool for the job…” Our CEO @stianwestlake on the news that the RPI will be aligned to the CPIH in 2030 ( Royal Statistical Society)
Happy Thanksgiving.


investmentwatchblog--2020-11-26--2024: Trump already tops Biden 4-1 in betting markets.

Gamblers will bet on anything , and even though the 2020 election hasn ’ t been officially certified , they @ @ @ @ @ 2024 race , and the signs are clear that many expect President Trump to make @ @ @ @ @ watched by OddsChecker show the president far ahead of Joe Biden .
“ Since 4th @ @ @ @ @ market has been steadily increasing and a huge share of those bets have gone in @ @ @ @ @ to return as the 47th president , ” said the analysis from the London-based site @ @ @ @ @ that 45.8 % of all the wagers placed have been on Trump , making him @ @ @ @ @ far .
Biden accounts for just 11.13 % , and he ’ s trailing Vice @ @ @ @ @ second at 12.96 % .

2024: Trump already tops Biden 4-1 in betting markets.
Gamblers will bet on anything, and even though the 2020 election hasn’t been officially certified, they are already turning to the 2024 race, and the signs are clear that many expect President Trump to make another bid.
Betting markets watched by OddsChecker show the president far ahead of Joe Biden.
“Since 4th November, activity on the market has been steadily increasing and a huge share of those bets have gone in favor of the 45th president to return as the 47th president,” said the analysis from the London-based site.
The latest breakdown shows that 45.8% of all the wagers placed have been on Trump, making him the most popular bet by far. Biden accounts for just 11.13%, and he’s trailing Vice President-elect Kamala Harris, in second at 12.96%.


investmentwatchblog--2020-11-26--Shedlock: The Great Inflation Debate. When & How Big?

Jim Bianco at Bianco Research shares his views on the great inflation debate .
When it will come , how big it will be , and when the Fed will hike .
When and Why Will the Fed Hike ?
This is a guest post by Jim Bianco who explains his views on When Will the Fed Hike and Why .
The market is starting to see a Fed hike on the distant horizon .
This is how a shift in thinking begins .
The driving reason for this change seems to be a resurgence of inflation over booming real @ @ @ @ @ @ @ Fed started suggesting they would hold off on any rate hikes for years .
In late July ( brown line ) , the market was flirting with the idea of negative rates , as shown by the fed funds futures curve .
By late October ( blue line ) , the forward curve was back to positive , but still not pricing in a rate hike for years .
A rate hike is expected when the implied yield is above 0.125 % .
The combination of the election and Pfizer ’ s vaccine @ @ @ @ @ @ @ jumping higher ( cyan and red lines ) .
This morning ( orange line ) , the market is getting closer to pricing in a 2023 rate hike .
This is how a shift in thinking begins .
The market prices in a distant hike and then start to move it closer and closer to the present as data warrants .
Why Is This Happening ?
The next chart shows the jobs lost from the pandemic ( cyan ) and the projection of non-farm payroll growth from a survey of about 70 economists @ @ @ @ @ @ @ .
To date , over 10 million jobs lost to the pandemic have yet to be recovered ( green line ) .
This shortfall is expected to be cut to 4.7 million jobs by the end of 2021 ( cyan line ) .
Given the Fed ’ s preference for jobs over inflation , this means there should be no talk of the Fed hiking rates .
Yet , the market is inching toward that reality .
This same survey of economists expects economic growth to slow to pedestrian levels between now and @ @ @ @ @ @ @ estimate , even after factoring in the election and vaccine news , expects real GDP growth to top 4 % through the end of 2021 .
It is too early to consider 2022 forecasts .
With these levels of expected growth , real GDP is not expected to recover its previous peak ( Q4 2019 ) until Q4 2021 ( black line ) .
All of this is to say there is no reason for the market to start thinking about rate hikes or even higher long rates .
But that is what @ @ @ @ @ @ @ the market is pricing in a higher likelihood of inflation .
The next chart shows the 10-year inflation breakeven rate continues to move higher , suggesting more future inflation is being priced in .
But it is important to define “ high inflation.
” According to the Fed ’ s preferred measure of core PCE , a move above 2.5 % on a year-over-year basis would essentially be a 27-year high in inflation .
We would define this level as high .
The next chart shows core PCE on a rolling 5-month annualized @ @ @ @ @ @ @ in April 2020 , when the pandemic really began taking hold , prices declined the most in a generation .
During the re-opening ( five months ending in September 2020 ) , prices rebounded at their fastest rate since the earlier 1990s .
We do not expect prices to continue to accelerate at this level , but we do expect prices to continue to advance enough to challenge 2.5 % on a year-over-year basis next year .
Above we showed that the economy is below potential and will not recover the lost GDP @ @ @ @ @ @ @ that should help reduce excess capacity in the economy , especially given population growth is not reversing , so the demand for goods and services will not wane as much .
In addition to reduced supply , the stimulation of demand has been unprecedented .
As the next chart shows , the government ’ s total outlay ( spending ) was over 33 % of 2020 ’ s GDP .
In the 200+ years show , the government only had a bigger footprint on the economy in the war years of 1943 to @ @ @ @ @ @ @ fiscal year ends September 30 , so 2020 is the full year ) .
This spending has led to massive government borrowing .
This has blown out the deficit to $ 3.13 trillion ( top panel ) , or more than 16 % of GDP ( bottom panel ) .
16 % of GDP is rarefied air for the deficit .
Only the year after WW1 ( 1919 ) and the WW2 years of 1943 to 1945 were larger .
Surplus or Deficit as a Percentage of GDP The chart above shows huge @ @ @ @ @ @ @ 1919 , 1943 to 1945 , and now .
As the chart below shows , all these periods aligned with bouts of high inflation .
Huge deficits mean huge spending .
Huge spending bids prices higher , otherwise known as inflation .
Think of the Fed as a post and the bond market as a horse tied to that post .
The horse will remain in place , tied to that post , unless spooked by inflation .
The horse has the ability to rip that post from the ground and run wild @ @ @ @ @ @ @ scared horse .
We have argued the 0.33 % low in 10-year yields on March 9 marked the end of the 39-year bull market .
Rates should be moving higher , but they are being suppressed via massive QE .
At some point , we expect the “ horse ” to tear the post from the ground and start running with higher yields .
According to Bianco , the Horse has not yet left the barn , but the Fed can not keep the horse penned in forever .
That ’ s quite @ @ @ @ @ @ @ .
If we factor in housing prices , inflation is already roaring .
I would be more convinced of an inflation surge had Democrats won the Senate and Progressives got the agenda they wanted .
A longs as Republicans control the Senate the agenda will not go totally bonkers .
Yet , it is hard to say what bonkers even means .
No one even bats an eye at talk of $ 3.13 trillion deficits .
“ We ’ ve been long inflation , with a positive view on the recovery story , @ @ @ @ @ @ @ fiscal stimulus working in tandem .
Now we ’ re starting to question that , ” says Adam Skerry , rates , and inflation fund manager at Aberdeen Standard Investments .
Two Inflationary Tail Risks For US Investors Lacy Hunt at Hoisington Management is still a bond bull , but he has concerns about what the Fed might do .
Hunt sees Two Inflationary Tail Risks For US Investors We identify two-tail risks for long term Treasury investors : ( 1 ) a huge new debt-financed fiscal package and ( 2 ) a @ @ @ @ @ @ @ modus operandi .
The first risk would change the short-run trajectory of the economy .
This better growth , although short-lived , could place transitory upward pressure on interest rates in a fashion that has been experienced many times .
Over the longer run , disinflation would prevail , and the downward trend in Treasury yields would resume .
The second risk would bring a rising inflationary dynamic into the picture , potentially becoming much more consequential .
As this dissatisfaction intensifies , either de jure or de facto , the Federal Reserve @ @ @ @ @ @ @ tender or a medium of exchange .
The Fed has already taken actions that appear to exceed the limits of the Federal Reserve Act under the exigent circumstances clause .
However , so far , they are still lending and not directly funding the government ’ s expenditures in any meaningful way .
But some advocate making the Fed ’ s liabilities spendable , and a few central banks have already moved in this direction .
If the Fed ’ s liabilities were made a medium of exchange , the inflation rate would @ @ @ @ @ @ @ ahead of actual inflation .
In due course , Gresham ’ s law could be triggered as individuals move to hold commodities that can be consumed or traded for consumable items .
This would result in a massive decline in productivity .
Thus real growth and the standard of living would fall as inflation escalates .
What will Congress do for those who don ’ t have job ?
Those who kept their job and are working at home got a huge income boost .
What about asset prices ?
The Fed targeted @ @ @ @ @ @ @ prices as well .
A sustained plunge could be quite deflationary , but I have given up attempting to figure out when bubbles will pop .
I sit in gold instead .
My readers know that I have dissed most inflation claims for years , decades actually , ( at least as the Fed and BLS calculate inflation ) .
Now I have an open mind as the bond market is flashing some warning signs , and so is the Fed , as observed by Lacy Hunt .
It ’ s important not @ @ @ @ @ @ @ to lend with ability to spend .
Here is Lacy Hunt in a Bloomberg Interview in August 2020 Bloomberg : Lastly , I want to ask you about the rise of Modern Monetary Theory within economics and some proposals to have the Fed give money directly to individuals .
LH : The great risk is that we become dissatisfied with the way things are , and either de jure or de facto , the Federal Reserve ’ s liabilities are made legal tender .
The Federal Reserve as it ’ s constituted today @ @ @ @ @ @ @ spend .
Now , they ’ ve done some things that are different from what the Federal Reserve Act said under the exigent circumstances clauses , but so far , they ’ re lending .
LH : Some folks want to make the Fed ’ s liabilities legal tender .
Now , if that happens , then the inflation rate would take off .
However , everyone would be totally miserable in concise order because no one would want to hold money .
You would trigger Gresham ’ s Law — people would @ @ @ @ @ @ @ consume and commodities that can be traded for others .
LH : But there is that risk that you could use the Fed ’ s liabilities to pay directly .
The Bank of England has made a small move in that direction — they say it ’ s temporary .
Others want to try that because they ’ re frustrated that issuing the debt is not getting the job done .
So we could significantly alter the whole structure of the U.S. economy .
But if you use the Fed ’ s liabilities @ @ @ @ @ @ @ the consequences could be very extreme and very quick .
For the full interview and a followup discussion , please see Bond Bull Lacy Hunt Warns of a Huge Monetary Risk Is the Bond Bull Over ?
Keep your eye on the treasury barn door .
I would not at all be surprised if the 0.33 % low in 10-year yields on March 9 marked the end of the 39-year bull market .
If you believe , as I do , that the Fed will not take interest rates negative , what value @ @ @ @ @ @ @ % ?
Now at 0.85 % perhaps one can find 50 basis points of “ value ” with a risk of 200 to 300 basis points of losses .
There is more value but also more risk in the 30-year long bond yielding 1.56 % .
The Fed can easily see negative rates hurt Japan and the ECB .
Whereas the ECB punished banks by charging them interest on excess reserves , the Fed slowly recapitalized US banks over time by flooding the banks with excess reserves then paying them free money all @ @ @ @ @ @ @ other tactics such as making the Fed ’ s liabilities legal tender , but that would have Hunt headed for the door in a flash .
Hello Fed , Low Interest Rates Do Not Promote Growth To further discuss these ideas , including negative rates and a recap of Lacy Hunt ’ s position , please see Hello Fed , Low Interest Rates Do Not Promote Growth .
All bull markets come to an end .
This end will have fireworks if the Fed does the wrong thing .

by Lance Roberts
Jim Bianco at Bianco Research shares his views on the great inflation debate. When it will come, how big it will be, and when the Fed will hike.
When and Why Will the Fed Hike?
This is a guest post by Jim Bianco who explains his views on When Will the Fed Hike and Why.
Summary
The market is starting to see a Fed hike on the distant horizon. This is how a shift in thinking begins. The driving reason for this change seems to be a resurgence of inflation over booming real growth.
Over the summer, the Fed started suggesting they would hold off on any rate hikes for years. In late July (brown line), the market was flirting with the idea of negative rates, as shown by the fed funds futures curve.
By late October (blue line), the forward curve was back to positive, but still not pricing in a rate hike for years. A rate hike is expected when the implied yield is above 0.125%.
The combination of the election and Pfizer’s vaccine news resulted in the fed funds curve jumping higher (cyan and red lines). This morning (orange line), the market is getting closer to pricing in a 2023 rate hike.
This is how a shift in thinking begins. The market prices in a distant hike and then start to move it closer and closer to the present as data warrants.
Why Is This Happening?
The next chart shows the jobs lost from the pandemic (cyan) and the projection of non-farm payroll growth from a survey of about 70 economists conducted by Bloomberg (shaded area). To date, over 10 million jobs lost to the pandemic have yet to be recovered (green line). This shortfall is expected to be cut to 4.7 million jobs by the end of 2021 (cyan line). Given the Fed’s preference for jobs over inflation, this means there should be no talk of the Fed hiking rates. Yet, the market is inching toward that reality.
Restoration of Jobs
This same survey of economists expects economic growth to slow to pedestrian levels between now and the end of next year. No estimate, even after factoring in the election and vaccine news, expects real GDP growth to top 4% through the end of 2021. It is too early to consider 2022 forecasts.
With these levels of expected growth, real GDP is not expected to recover its previous peak (Q4 2019) until Q4 2021 (black line).
Measuring the Expected GDP Contraction
All of this is to say there is no reason for the market to start thinking about rate hikes or even higher long rates. But that is what is happening. Why?
We believe the market is pricing in a higher likelihood of inflation.
The next chart shows the 10-year inflation breakeven rate continues to move higher, suggesting more future inflation is being priced in.
US TIPS 10-year Inflation Breakeven Rate
But it is important to define “high inflation.”
According to the Fed’s preferred measure of core PCE, a move above 2.5% on a year-over-year basis would essentially be a 27-year high in inflation. We would define this level as high.
Core PCE
The next chart shows core PCE on a rolling 5-month annualized basis. In the five months ending in April 2020, when the pandemic really began taking hold, prices declined the most in a generation. During the re-opening (five months ending in September 2020), prices rebounded at their fastest rate since the earlier 1990s.
5-Month Annualized Core PCE
We do not expect prices to continue to accelerate at this level, but we do expect prices to continue to advance enough to challenge 2.5% on a year-over-year basis next year.
Why Will Inflation Advance?
Above we showed that the economy is below potential and will not recover the lost GDP for years. This means less supply that should help reduce excess capacity in the economy, especially given population growth is not reversing, so the demand for goods and services will not wane as much.
In addition to reduced supply, the stimulation of demand has been unprecedented. As the next chart shows, the government’s total outlay (spending) was over 33% of 2020’s GDP. In the 200+ years show, the government only had a bigger footprint on the economy in the war years of 1943 to 1945 (note the government’s fiscal year ends September 30, so 2020 is the full year).
Total Government Outlays as a Percentage of GDP
This spending has led to massive government borrowing. This has blown out the deficit to $3.13 trillion (top panel), or more than 16% of GDP (bottom panel).
The U.S. Federal Deficit
16% of GDP is rarefied air for the deficit. Only the year after WW1 (1919) and the WW2 years of 1943 to 1945 were larger.
Surplus or Deficit as a Percentage of GDP
The chart above shows huge deficits relative to GDP in 1864, 1919, 1943 to 1945, and now. As the chart below shows, all these periods aligned with bouts of high inflation.
Huge deficits mean huge spending. Huge spending bids prices higher, otherwise known as inflation.
Year-Over-Year CPI Back to 1800
Why Does Inflation Matter?
Think of the Fed as a post and the bond market as a horse tied to that post. The horse will remain in place, tied to that post, unless spooked by inflation. The horse has the ability to rip that post from the ground and run wild. The post cannot stop a scared horse.
We have argued the 0.33% low in 10-year yields on March 9 marked the end of the 39-year bull market. Rates should be moving higher, but they are being suppressed via massive QE. At some point, we expect the “horse” to tear the post from the ground and start running with higher yields.
We are primarily funded by readers. Please subscribe and donate to support us!
End Bianco Guest Post
According to Bianco, the Horse has not yet left the barn, but the Fed cannot keep the horse penned in forever.
That’s quite the presentation and a very good case.
If we factor in housing prices, inflation is already roaring.
Case Shiller Composite Indexes
I would be more convinced of an inflation surge had Democrats won the Senate and Progressives got the agenda they wanted.
A longs as Republicans control the Senate the agenda will not go totally bonkers.
Yet, it is hard to say what bonkers even means. No one even bats an eye at talk of $3.13 trillion deficits.
The Wall Street Journal notes Investors Bet Economic Recovery Won’t Spark Jump in Inflation
“The big picture view is that the disinflationary effects of the pandemic are outweighing the inflationary effects,” said Gero Jung, chief economist at Mirabaud Asset Management. “We think inflation will come down even further” in the short term. Longer-term, expectations haven’t changed significantly. The U.S. 10-year inflation break-even rate, a measure of how much inflation investors expect annually over the next decade, was largely flat at 1.72% on Wednesday, compared with 1.77% at the end of last year. At this year’s highest, it was about 1.8% in August.
“We’ve been long inflation, with a positive view on the recovery story, particularly because of very loose monetary and fiscal stimulus working in tandem. Now we’re starting to question that,” says Adam Skerry, rates, and inflation fund manager at Aberdeen Standard Investments.
Two Inflationary Tail Risks For US Investors
Lacy Hunt at Hoisington Management is still a bond bull, but he has concerns about what the Fed might do.
Hunt sees Two Inflationary Tail Risks For US Investors
We identify two-tail risks for long term Treasury investors: (1) a huge new debt-financed fiscal package and (2) a major change in the Fed’s modus operandi. The first risk would change the short-run trajectory of the economy. This better growth, although short-lived, could place transitory upward pressure on interest rates in a fashion that has been experienced many times. Over the longer run, disinflation would prevail, and the downward trend in Treasury yields would resume. The second risk would bring a rising inflationary dynamic into the picture, potentially becoming much more consequential. As this dissatisfaction intensifies, either de jure or de facto, the Federal Reserve’s liabilities could be made legal tender or a medium of exchange. The Fed has already taken actions that appear to exceed the limits of the Federal Reserve Act under the exigent circumstances clause. However, so far, they are still lending and not directly funding the government’s expenditures in any meaningful way. But some advocate making the Fed’s liabilities spendable, and a few central banks have already moved in this direction. If the Fed’s liabilities were made a medium of exchange, the inflation rate would rise, and inflationary expectations would move ahead of actual inflation. In due course, Gresham’s law could be triggered as individuals move to hold commodities that can be consumed or traded for consumable items. This would result in a massive decline in productivity. Thus real growth and the standard of living would fall as inflation escalates.
Questions
What will Congress do for those who don’t have job?
Those who kept their job and are working at home got a huge income boost.
What about asset prices? The Fed targeted the stock market and that boosted home prices as well.
A sustained plunge could be quite deflationary, but I have given up attempting to figure out when bubbles will pop. I sit in gold instead.
Open Mind
My readers know that I have dissed most inflation claims for years, decades actually, (at least as the Fed and BLS calculate inflation).
Now I have an open mind as the bond market is flashing some warning signs, and so is the Fed, as observed by Lacy Hunt.
Lend vs Spend
It’s important not to confuse the Fed’s ability to lend with ability to spend.
Here is Lacy Hunt in a Bloomberg Interview in August 2020
Bloomberg: Lastly, I want to ask you about the rise of Modern Monetary Theory within economics and some proposals to have the Fed give money directly to individuals. LH: The great risk is that we become dissatisfied with the way things are, and either de jure or de facto, the Federal Reserve’s liabilities are made legal tender. The Federal Reserve as it’s constituted today can lend, but it cannot spend. Now, they’ve done some things that are different from what the Federal Reserve Act said under the exigent circumstances clauses, but so far, they’re lending. LH: Some folks want to make the Fed’s liabilities legal tender. Now, if that happens, then the inflation rate would take off. However, everyone would be totally miserable in concise order because no one would want to hold money. You would trigger Gresham’s Law — people would only want to hold commodities they can consume and commodities that can be traded for others. LH: But there is that risk that you could use the Fed’s liabilities to pay directly. The Bank of England has made a small move in that direction — they say it’s temporary. Others want to try that because they’re frustrated that issuing the debt is not getting the job done. So we could significantly alter the whole structure of the U.S. economy. But if you use the Fed’s liabilities for directly funding goods and services, the consequences could be very extreme and very quick.
For the full interview and a followup discussion, please see Bond Bull Lacy Hunt Warns of a Huge Monetary Risk
Is the Bond Bull Over?
Keep your eye on the treasury barn door. I would not at all be surprised if the 0.33% low in 10-year yields on March 9 marked the end of the 39-year bull market.
What Value Remains?
If you believe, as I do, that the Fed will not take interest rates negative, what value in the 10-year treasury remained at 0.33%?
Now at 0.85% perhaps one can find 50 basis points of “value” with a risk of 200 to 300 basis points of losses.
There is more value but also more risk in the 30-year long bond yielding 1.56%.
Why Not Negative?
The Fed can easily see negative rates hurt Japan and the ECB. Whereas the ECB punished banks by charging them interest on excess reserves, the Fed slowly recapitalized US banks over time by flooding the banks with excess reserves then paying them free money all the while.
The Fed might try other tactics such as making the Fed’s liabilities legal tender, but that would have Hunt headed for the door in a flash.
Hello Fed, Low Interest Rates Do Not Promote Growth
To further discuss these ideas, including negative rates and a recap of Lacy Hunt’s position, please see Hello Fed, Low Interest Rates Do Not Promote Growth.
All bull markets come to an end. This end will have fireworks if the Fed does the wrong thing.


investmentwatchblog--2020-11-26--HEY KIDS, WHAT TIME IS IT? It Is Time To Eliminate The Federal Corporate Income Tax.

Edward Lane ( Albany ) & L. Randall Wray ( UMKC ) , Is It Time to Eliminate Federal Corporate @ @ @ @ @ the nation is experiencing the need for ever-increasing government expenditures to address COVID-19 disruptions , @ @ @ @ @ infrastructure , and many other worthy causes , conventional thinking calls for restoring at least @ @ @ @ @ by the 2017 Tax Cuts and Jobs Act , especially from progressive circles .
In @ @ @ @ @ Lane and L. Randall Wray examine who really pays the corporate income tax and argue @ @ @ @ @ the purposes most people believe .

Edward Lane (Albany) & L. Randall Wray (UMKC), Is It Time to Eliminate Federal Corporate Income Taxes?:
As the nation is experiencing the need for ever-increasing government expenditures to address COVID-19 disruptions, rebuild the nation’s infrastructure, and many other worthy causes, conventional thinking calls for restoring at least a portion corporate taxes eliminated by the 2017 Tax Cuts and Jobs Act, especially from progressive circles. In this working paper, Edward Lane and L. Randall Wray examine who really pays the corporate income tax and argue that it does not serve the purposes most people believe.


investmentwatchblog--2020-11-26--CNN: “How Trump can still constitutionally win even though he “lost”.

CNN : “ How Trump can still constitutionally win even though he “ lost ” .

CNN: “How Trump can still constitutionally win even though he “lost”.
hahaha 😂🤣😂 pic.twitter.com/rL87GCmL46
— Anna Kraken (@Annakhait) November 25, 2020


investmentwatchblog--2020-11-26--Colorado County Refuses to Enforce Lockdowns as Civil Disobedience Spreads Across America

“ Colorado officials last week announced that several counties had moved into the “ red level ” —the second-highest measurement @ @ @ @ @ be forced to implement new regulations on restaurants , gyms , and other parts of @ @ @ @ @ virus .
Then something remarkable happened .
Weld County , a county in the northern @ @ @ @ @ a population of roughly a quarter million people , politely said no .
“ Instead @ @ @ @ @ do what it has done since March , which is promote and encourage residents and @ @ @ @ @ responsibility and make decisions to protect themselves , their families , their community and their @ @ @ @ @ of Commissioners said in a statement .
With a test-positivity rate north of 16 percent @ @ @ @ @ infection rate is well above the 5 percent threshold the World Health Organization uses as @ @ @ @ @ measures to limit the spread of the virus .
Nevertheless , county officials enumerated what @ @ @ @ @ ”

“Colorado officials last week announced that several counties had moved into the “red level”—the second-highest measurement on its COVID-19 dial—and would be forced to implement new regulations on restaurants, gyms, and other parts of the economy to combat the virus.
Then something remarkable happened. Weld County, a county in the northern part of the state with a population of roughly a quarter million people, politely said no.
“Instead, county government continues to do what it has done since March, which is promote and encourage residents and business owners to take individual responsibility and make decisions to protect themselves, their families, their community and their businesses,” the Board of Commissioners said in a statement.
We are primarily funded by readers. Please subscribe and donate to support us!
With a test-positivity rate north of 16 percent, Weld County’s infection rate is well above the 5 percent threshold the World Health Organization uses as a benchmark for taking proactive measures to limit the spread of the virus. Nevertheless, county officials enumerated what they would not do.”
fee.org/articles/colorado-county-refuses-to-enforce-lockdowns-as-civil-disobedience-spreads-across-america/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:%20FEE-Freeman%20(Foundation%20for%20Economic%20Education%20-%20Latest%20Articles)


investmentwatchblog--2020-11-26--11th Circuit Grants Emergency Motion For Challenging Validity of Georgia Election

11th Circuit granted my Emergency Motion for Expedited Review of lawsuit challenging validity of GA election procedure .
We The @ @ @ @ @ win for @ realDonaldTrump in GA & nationally .
We The People will not allow @ @ @ @ @

Thanksgiving Eve News!
11th Circuit granted my Emergency Motion for Expedited Review of lawsuit challenging validity of GA election procedure.
We The People delivered a historic landslide win for @realDonaldTrump in GA & nationally.
We The People will not allow it be stolen. pic.twitter.com/YVFmaZzuYj
— Lin Wood (@LLinWood) November 26, 2020


investmentwatchblog--2020-11-26--I Grew Up in Communist China, Here’s My Warning to America

I Grew Up in Communist China , Here ’ s My Warning to America Recently , many Americans haven ’ t cared so much about elections , thinking there ultimately wasn ’ t much difference between Republicans and Democrats , or between specific candidates .
However , with the approach of the 2020 election , many people became alarmed .
They realized how far our country had strayed from its foundations .
If we don ’ t take ownership now , they thought , it will be beyond repair .
The whole world is watching this election closely .
Some @ @ @ @ @ @ @ China was going to become America .
Instead , America is becoming China !
” It is so true .
At this point , there are a lot of things we can not say in America .
Political correctness is not a matter of choice ; it is a survival skill .
If you say one word wrong , you can lose your job .
If you don ’ t follow the mainstream narrative , you will get attacked by the mainstream media .
It has reached such an extent that we should @ @ @ @ @ @ @ of speech ?
This reminds me of China .
Fifty years ago in communist China , if you made casual comments about the communists , you would end up in jail or a labor camp .
Someone who was at home and made one comment not in line with the CCP would be punished .
A son would report on his father , a daughter on her mother , and a husband and wife on each other .
Fear of the Communist Party , and indoctrination by it , had become a second @ @ @ @ @ @ @ .
I immigrated to America more than 30 years ago .
I always tell people , “ America is the least discriminatory country in the whole world.
” Yet we hear “ discrimination ” and “ racism ” daily in news reports .
“ Discrimination ” and “ racism ” have become political weapons .
They are no longer a matter of moral principle .
With so many protests and riots being organized in the name of fighting racism , the issue of race is now purposefully used to divide our society .
@ @ @ @ @ @ @ the former Soviet Union , the communists created division based on social class .
Communists always talk about class struggle .
They claim that any inequality of wealth is because the wealthy exploit the working class .
Communists use the working class to take down the middle and upper classes , until the country ’ s whole economy is destroyed .

I Grew Up in Communist China, Here’s My Warning to America
Diana Zhang
Epoch Times
November 24, 2020
Commentary
This year’s election had a historically high turnout.
Recently, many Americans haven’t cared so much about elections, thinking there ultimately wasn’t much difference between Republicans and Democrats, or between specific candidates.
However, with the approach of the 2020 election, many people became alarmed. They realized how far our country had strayed from its foundations. If we don’t take ownership now, they thought, it will be beyond repair.
The whole world is watching this election closely. Some Chinese have commented: “We thought China was going to become America. Instead, America is becoming China!”
It is so true. At this point, there are a lot of things we cannot say in America. Political correctness is not a matter of choice; it is a survival skill. If you say one word wrong, you can lose your job. If you don’t follow the mainstream narrative, you will get attacked by the mainstream media. It has reached such an extent that we should ask, do we still have freedom of speech?
We are primarily funded by readers. Please subscribe and donate to support us!
This reminds me of China. Fifty years ago in communist China, if you made casual comments about the communists, you would end up in jail or a labor camp.
Someone who was at home and made one comment not in line with the CCP would be punished. A son would report on his father, a daughter on her mother, and a husband and wife on each other. Fear of the Communist Party, and indoctrination by it, had become a second human nature, pushing out natural feelings.
I immigrated to America more than 30 years ago. I always tell people, “America is the least discriminatory country in the whole world.” Yet we hear “discrimination” and “racism” daily in news reports. “Discrimination” and “racism” have become political weapons. They are no longer a matter of moral principle.
With so many protests and riots being organized in the name of fighting racism, the issue of race is now purposefully used to divide our society. In communist countries such as China and the former Soviet Union, the communists created division based on social class.
Communists always talk about class struggle. They claim that any inequality of wealth is because the wealthy exploit the working class. Communists use the working class to take down the middle and upper classes, until the country’s whole economy is destroyed.
www.theepochtimes.com/the-2020-election-a-test-for-our-freedom_3592552.html?utm_source=newsnoe&utm_medium=email&utm_campaign=breaking-2020-11-25-1
h/t Lily


investmentwatchblog--2020-11-26--Supreme Court Blocks Gov. Cuomo’s Attendance Limits for Religious Gatherings

BREAKING: Supreme Court votes 5-4 to grant Catholic Diocese and orthodox Jews' request to block Gov. Cuomo's attendance limits at houses of worship in New York. Chief Justice Roberts joins the three liberal justices in dissent. — Steven Mazie (@stevenmazie) November 26, 2020
These votes mark the first marked impact of Justice Amy Coney Barrett on the Court and the country. She joined her four conservative brethren in blocking the limits whereas Justice Ginsburg anchored 5-4 majorities the other way in the spring. — Steven Mazie (@stevenmazie) November 26, 2020
Justice Breyer, joined by Justices Sotomayor and Kagan, dissents more vociferously. pic.twitter.com/ncWbnpIr2f — Steven Mazie (@stevenmazie) November 26, 2020
Interesting to ponder who wrote the anonymous per curiam (by the Court) opinion. Could be Thomas, Alito or Barrett. — Steven Mazie (@stevenmazie) November 26, 2020
In addition to the Breyer dissent, Justice Sotomayor writes a dissent that Justice Kagan joins. pic.twitter.com/VDM7BXoWXS — Steven Mazie (@stevenmazie) November 26, 2020
Roberts further defends himself from Gorsuch's attacks in the closing paragraphs of his dissent. pic.twitter.com/qWg74XijFe — Steven Mazie (@stevenmazie) November 26, 2020
The latest application was filed this afternoon t.co/MOzDELaOEP — Steven Mazie (@stevenmazie) November 26, 2020
Amazed by how carried away Gorusch gets with his rhetoric in this concurrence. And he seems to forget that since COVID hit in late March he and his colleagues have been conducting hearings—and, I believe, conferences—remotely. They're kind of, you know, sheltering in place. pic.twitter.com/NGpg25Jltb — Steven Mazie (@stevenmazie) November 26, 2020
But this claim in the per curiam opinion is jarring when juxtaposed with yesterday's news from Brooklyn pic.twitter.com/PePam1kqqz — Steven Mazie (@stevenmazie) November 26, 2020
h/t Dulcius
We are primarily funded by readers. Please subscribe and donate to support us!


investmentwatchblog--2020-11-26--F-16 pilots get up to 79 life sentences each for bombing police & parliament building in Ankara duri

F-16 pilots get up to 79 life sentences each for bombing police & parliament building in Ankara during 2016 coup attempt

A Turkish court has handed life sentences to former military commanders and fighter jet pilots who bombed police compounds and the parliament building in Ankara during a failed coup .
The court in Ankara delivered the verdicts against 475 defendants , 365 of whom had been detained .
Several former military officials and civilians individually received up to 79 life sentences for their role in the failed coup .
A former brigadier general was sentenced to life in prison for providing fuel for F-16 jet fighters flown by the insurgents , while several of his colleagues received a similar sentence @ @ @ @ @ @ @ targets in the capital .
The pilots were likewise sentenced to life in prison for bombing police sites , the Turkish Parliament building and a state broadcasting company in the country ’ s capital .
In one ruling , a former F-16 pilot received 16 life sentences for killing 15 people near the presidential compound .
Another defendant , a former brigadier general , was handed a life sentence for detaining a military police chief during the coup .
Turkish courts previously sentenced 121 people to life in prison for their role in @ @ @ @ @ @ @ year .

A Turkish court has handed life sentences to former military commanders and fighter jet pilots who bombed police compounds and the parliament building in Ankara during a failed coup.
The court in Ankara delivered the verdicts against 475 defendants, 365 of whom had been detained.
Several former military officials and civilians individually received up to 79 life sentences for their role in the failed coup. A former brigadier general was sentenced to life in prison for providing fuel for F-16 jet fighters flown by the insurgents, while several of his colleagues received a similar sentence for instructing the pilots to strike specific targets in the capital.
The pilots were likewise sentenced to life in prison for bombing police sites, the Turkish Parliament building and a state broadcasting company in the country’s capital. In one ruling, a former F-16 pilot received 16 life sentences for killing 15 people near the presidential compound.
We are primarily funded by readers. Please subscribe and donate to support us!
Another defendant, a former brigadier general, was handed a life sentence for detaining a military police chief during the coup.
Turkish courts previously sentenced 121 people to life in prison for their role in the coup in June and 151 last year.
www.rt.com/news/507873-turkey-life-sentence-pilots/


investmentwatchblog--2020-11-26--Angela Merkel extends Germany’s Covid lockdown through Christmas

Germany embarked on a so-called “ wave-breaker ” shutdown on November 2 – shutting restaurants , bars and , leisure facilities , but schools , hair salons and shops remained open .
Germany ’ s national shutdown is likely to extend into New Year to dampen the coronavirus pandemic , Chancellor Angela Merkel has said .
“ Given the high number of infections , we assume that the restrictions which are in place before Christmas will continue to be valid until the start of January , certainly for most parts of Germany , ” Ms Merkel told parliament on Thursday @ @ @ @ @ @ @ cases was still much too high and the number of deaths a reason for concern .
The country embarked on a so-called “ wave-breaker ” shutdown on November 2 – shutting restaurants , bars and , leisure facilities , but schools , hair salons and shops remained open .
Ms Merkel said the measures will now be extended until December 20 , after a videoconference agreeing the new restrictions with the leaders of Germany ’ s 16 regions on Wednesday .
The Chancellor ’ s chief of staff said rules limiting social contact @ @ @ @ @ @ @ We have difficult winter months ahead of us .
This will continue until March , ” Helge Braun told RTL television .

Germany embarked on a so-called “wave-breaker” shutdown on November 2 – shutting restaurants, bars and, leisure facilities, but schools, hair salons and shops remained open.
Germany’s national shutdown is likely to extend into New Year to dampen the coronavirus pandemic, Chancellor Angela Merkel has said.
“Given the high number of infections, we assume that the restrictions which are in place before Christmas will continue to be valid until the start of January, certainly for most parts of Germany,” Ms Merkel told parliament on Thursday.
She added the increase in coronavirus cases was still much too high and the number of deaths a reason for concern.
We are primarily funded by readers. Please subscribe and donate to support us!
The country embarked on a so-called “wave-breaker” shutdown on November 2 – shutting restaurants, bars and, leisure facilities, but schools, hair salons and shops remained open.
Ms Merkel said the measures will now be extended until December 20, after a videoconference agreeing the new restrictions with the leaders of Germany’s 16 regions on Wednesday.
The Chancellor’s chief of staff said rules limiting social contact might be needed for longer. “We have difficult winter months ahead of us. This will continue until March,” Helge Braun told RTL television.
www.independent.co.uk/news/world/europe/germany-coronavirus-lockdown-extend-merkel-b1762109.html


investmentwatchblog--2020-11-26--BASIC MATH: Average Price For ONE OUNCE Of Precious Metal Is OVER $1,250 RIGHT NOW!

The math INCLUDES the price of silver… Thank you for reading , and more importantly , critically thinking !
There is a calculation I like to do from time to time , and I haven ’ t done it for a while , so let me do it now .
How much does it cost , on average , for one ounce of precious metal ?
And before anybody asks if that ’ s a loaded question or something else that I ’ m to dumb to be able to think of , much less understand , I think the @ @ @ @ @ @ @ important .
Furthermore , we can substitute “ one ounce of precious metal ” for “ a pound of apples ” and the question still makes sense : How much does it cost , on average , for a pound of apples ?
Side Note : There is a total difference between “ price ” and “ value ” , and while people can instantly see the price of anything they want , anywhere in the world , in an era of unbacked , debt-based fiat currency dependent on exponential , unsustainable growth @ @ @ @ @ @ @ a very cruel lesson in “ price versus value ” .
Ignoring the “ exotics ” , there are four precious metals : gold , palladium , platinum , and silver .
Excluding silver and using $ 1800 gold , $ 2300 palladium , and $ 900 platinum , the average price for one ounce of precious metal is $ 1,665 .
Yeah , I know the math is wrong .
I just didn ’ t want to type the other “ 6 ” , okay ?
When we include silver , the @ @ @ @ @ @ @ still averages out to over $ 1,250 .
And yet , in making that calculation , I ’ m assuming $ 25 silver !
Said differently , If a person wants to save their money and quite possibly themselves by purchasing one ounce of precious metal , it basically costs over $ 1,000 , much like Granny Smith ’ s , Washington ’ s , and Gala ’ s may cost , $ 1 , $ 2 and $ 3 a pound , respectively , but if a person wants to buy a @ @ @ @ @ @ @ cost about two bucks .
However , if a smart person wants something that ’ s so precious , that only a small percentage of all of the people on planet earth could have a single ounce if they wanted one , silver , the cost is less than twenty-five bucks .
And when adjusting for inflation ?
Who really thinks silver will stay here for long ?

via silverdoctors:
The math INCLUDES the price of silver…
(by Half Dollar) Happy Thanksgiving!
Thank you for reading, and more importantly, critically thinking!
There is a calculation I like to do from time to time, and I haven’t done it for a while, so let me do it now.
How much does it cost, on average, for one ounce of precious metal?
And before anybody asks if that’s a loaded question or something else that I’m to dumb to be able to think of, much less understand, I think the question is not just valid, but important.
Furthermore, we can substitute “one ounce of precious metal” for “a pound of apples” and the question still makes sense: How much does it cost, on average, for a pound of apples?
Side Note: There is a total difference between “price” and “value”, and while people can instantly see the price of anything they want, anywhere in the world, in an era of unbacked, debt-based fiat currency dependent on exponential, unsustainable growth, the sheeple are about to learn a very cruel lesson in “price versus value”.
Back to the math.
Ignoring the “exotics”, there are four precious metals: gold, palladium, platinum, and silver.
Excluding silver and using $1800 gold, $2300 palladium, and $900 platinum, the average price for one ounce of precious metal is $1,665.
What?
We are primarily funded by readers. Please subscribe and donate to support us!
Yeah, I know the math is wrong.
I just didn’t want to type the other “6”, okay?
But I digress.
When we include silver, the price for one ounce of precious metal still averages out to over $1,250.
And yet, in making that calculation, I’m assuming $25 silver!
That’s TWENTY-FIVE dollar silver!
Oh my!
Said differently, If a person wants to save their money and quite possibly themselves by purchasing one ounce of precious metal, it basically costs over $1,000, much like Granny Smith’s, Washington’s, and Gala’s may cost, $1, $2 and $3 a pound, respectively, but if a person wants to buy a pound of apples, it’ll cost about two bucks.
However, if a smart person wants something that’s so precious, that only a small percentage of all of the people on planet earth could have a single ounce if they wanted one, silver, the cost is less than twenty-five bucks.
Wow!
Talk about a bargain!
And when adjusting for inflation?
Who really thinks silver will stay here for long?