investmentwatchblog--2020-08-11--UK wages are falling in both real and nominal terms

It is the UK that is in the economic spotlight this morning as we look to dig some insight out of the labour market figures .
Many of the usual metrics are failing us as we have looked at originally with reference to Italy , but some are working .
The best guide we get to the fall in employment comes from this .
This compares to 16.7 % or 877.1 million hours last month .
So as you might expect the rate of change has slowed quite a bit as lockdown began to be eased but we are still @ @ @ @ @ @ @ .
The weekly numbers have dipped further too as they were 26.6 hours last month .
If we look at the annual picture for more perspective we see that whilst the vast majority of the change is “ right here , right now ” as Fatboy Slim put it we can see that the economy was hardly flying before the Covid-19 pandemic .
Although in something of an irony I suppose there were phases where productivity was better .
As to the sector worst hit there is no great surprise .
The Office @ @ @ @ @ @ @ do a weekly breakdown which tells us this .
Here it is in graphical format .
So we learn a little but this only takes us to the end of June .
The opening salvo warns us that there is trouble ahead .
Firstly records did not begin in 2001 as it is rather disappointing to see an official body like the ONS reporting that .
As I shall explain later their certainly were records as how could we have seen the wages and prices spiral of the late 1970s ?
What they @ @ @ @ @ @ @ they record the numbers .
Returning to now the main impact is below .
So wages are falling and we can add to that a worse picture for June itself .
In terms of sectors we are told this .
If we stay with the June figures then as you might well have suspected it is a much better time to be in the public-sector with wages growth of 4.2 % than in the private-sector where it was -2.9 % on a year before .
The worst sector is construction where wages in @ @ @ @ @ @ @ year ago .
It is also true that there are some hints of improvement as the hospitality sector mentioned above went from -7 % in May to -4 % in June and construction had been -11 % .
My usual caveat is that the official inflation measure is woeful due to its use of Imputed Rents and to that we need to add that somewhere around 20 % of the inflation data has not been collected due to the pandemic .
Indeed the official house price data series was suspended as after all @ @ @ @ @ @ @ what we have is this .
Or if you prefer it in monetary terms .
As ever they seem to have had amnesia about the total wage series where at 2015 prices we see a weekly wage of £489 in June which compares to £502 for most of the end of last year and the beginning of this .
It was last at that level in May 2018 .
On the positive side we saw a drop in wages but the last three months have been the same ( within £1 in both @ @ @ @ @ @ @ is that total wage growth since 2015 is now 1.3 % The furlough scheme has made these of little use .
Unless of course you actually believe this .
If so perhaps you will let us know the other five .
The wages numbers tell a story but is it a truthful one ?
If we stay with it there is a problem highlighted by this from the LSE blog in 2015 .
I have left the inflation measures in as by now all regular readers will be aware that things will be @ @ @ @ @ @ @ they have tried and failed to scrap it and are now trying to neuter it .
So now the drop is over 25 % .
The cautionary note is that the official wages series can be heavily affected by changes in composition or what we are obviously seeing right now .
Rather bizarrely we are officially told this is not happening .
Meanwhile the series based on taxes ( PAYE ) is more optimistic .
Maybe there is an influence going from average to median but I suspect that it is those not @ @ @ @ @ @ @ .
Such as it is I think we do get something from the improvement for July .
So overall in terms of real pay it seems we are going to have to wait some time for Maxine Nightingale .

by Shaun Richards
It is the UK that is in the economic spotlight this morning as we look to dig some insight out of the labour market figures. Many of the usual metrics are failing us as we have looked at originally with reference to Italy, but some are working. The best guide we get to the fall in employment comes from this.
Between January to March 2020 and April to June 2020, total actual weekly hours worked in the UK decreased by a record 191.3 million, or 18.4%, to 849.3 million hours.
This compares to 16.7% or 877.1 million hours last month. So as you might expect the rate of change has slowed quite a bit as lockdown began to be eased but we are still falling.In terms of context there is this.
This was the largest quarterly decrease since estimates began in 1971, with total hours dropping to its lowest level since September to November 1994. Average actual weekly hours fell by a record 5.6 hours on the quarter to a record low of 25.8 hours.
The weekly numbers have dipped further too as they were 26.6 hours last month.
If we look at the annual picture for more perspective we see that whilst the vast majority of the change is “right here, right now” as Fatboy Slim put it we can see that the economy was hardly flying before the Covid-19 pandemic. Although in something of an irony I suppose there were phases where productivity was better.
As to the sector worst hit there is no great surprise.
The accommodation and food service activities industrial sector saw the biggest annual fall in average actual weekly hours, down 15.4 hours to a record low of 13.0 hours per week.
The Office for National Statistics has been trying to do a weekly breakdown which tells us this.
During May we saw average actual hours start to increase slowly for the self-employed, however this increase has slowed down and hours remained relatively flat throughout June.
Here it is in graphical format.
So we learn a little but this only takes us to the end of June.
Falling Wages
The opening salvo warns us that there is trouble ahead.
Employee pay growth declined further in June following falls in April and May; growth has been affected by lower pay for furloughed employees since March, and reduced bonuses; nominal regular pay growth for April to June 2020 is negative for the first time since records began in 2001.
Firstly records did not begin in 2001 as it is rather disappointing to see an official body like the ONS reporting that. As I shall explain later their certainly were records as how could we have seen the wages and prices spiral of the late 1970s? What they mean is that they changed the way they record the numbers.
Returning to now the main impact is below.
Growth in average total pay (including bonuses) among employees declined in April to June to negative 1.2%, with annual growth in bonus payments at negative 19.4%; regular pay (excluding bonuses) slowed to negative 0.2%.
So wages are falling and we can add to that a worse picture for June itself.
Single-month growth in average weekly earnings for June 2020 was negative 1.5% for total pay and negative 0.3% for regular pay.
In terms of sectors we are told this.
For the sectors of wholesaling, retailing, hotels and restaurants, and construction, where the highest percentage of employees returned to work from furlough, there is a slight improvement in pay growth for June 2020 compared with April and May; weaker pay growth in some higher-paying sectors negates this at whole economy level.
If we stay with the June figures then as you might well have suspected it is a much better time to be in the public-sector with wages growth of 4.2% than in the private-sector where it was -2.9% on a year before. The worst sector is construction where wages in June were 9% worse than a year ago. It is also true that there are some hints of improvement as the hospitality sector mentioned above went from -7% in May to -4% in June and construction had been -11%.
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Real Wages
My usual caveat is that the official inflation measure is woeful due to its use of Imputed Rents and to that we need to add that somewhere around 20% of the inflation data has not been collected due to the pandemic. Indeed the official house price data series was suspended as after all who is interested in that? But what we have is this.
In real terms, pay is now growing at a slower rate than inflation, at negative 2.0% for total pay, the lowest rate since January to March 2012. Regular pay growth in real terms is also negative, at negative 1.0%. The difference between the two measures is because of subdued bonuses, which fell by an average negative 19.4% (in nominal terms) in the three months April to June 2020.
Or if you prefer it in monetary terms.
For June 2020, average regular pay, before tax and other deductions, for employees in Great Britain was estimated at £504 per week in nominal terms. The figure in real terms (constant 2015 prices) fell to £465 per week in June, after reaching £473 per week in December 2019, with pay in real terms back at the same level as it was in December 2018.
As ever they seem to have had amnesia about the total wage series where at 2015 prices we see a weekly wage of £489 in June which compares to £502 for most of the end of last year and the beginning of this. It was last at that level in May 2018. On the positive side we saw a drop in wages but the last three months have been the same ( within £1 in both series). However the negative view is that total wage growth since 2015 is now 1.3%
Employment and Unemployment
The furlough scheme has made these of little use.
A large number of people are estimated to be temporarily away from work, including furloughed workers; approximately 7.5 million in June 2020 with over 3 million of these being away for three months or more.
Unless of course you actually believe this.
the estimated UK unemployment rate for all people was 3.9%; this is largely unchanged on both the year and the quarter
If so perhaps you will let us know the other five.
“Why, sometimes I’ve believed as many as six impossible things before breakfast.” ( Alice In Wonderland)
Comment
The wages numbers tell a story but is it a truthful one? If we stay with it there is a problem highlighted by this from the LSE blog in 2015.
Figure 1 shows that median real wages grew consistently by around 2 per cent per year from 1980 to the early 2000s. There was then something of a slowdown, after which real wages fell dramatically when the economic downturn started in 2008. Since then, real wages of the median worker have fallen by around 8-10 per cent (depending on which measure of inflation is used as a deflator – the consumer price index, CPI, or the housing cost augmented version CPIH). This corresponds to almost a 20 per cent drop relative to the trend in real wage growth from 1980 to the early 2000s.
I have left the inflation measures in as by now all regular readers will be aware that things will be worse using the RPI which is why they have tried and failed to scrap it and are now trying to neuter it. So now the drop is over 25%.
The cautionary note is that the official wages series can be heavily affected by changes in composition or what we are obviously seeing right now. Rather bizarrely we are officially told this is not happening. Meanwhile the series based on taxes ( PAYE) is more optimistic.
Median monthly pay increased by 1.1% in June 2020, compared with the same period of the previous year.
Maybe there is an influence going from average to median but I suspect that it is those not paying taxes it is badly missing here. Such as it is I think we do get something from the improvement for July.
Early estimates for July 2020 indicate that median monthly pay increased by 2.5%, compared with the same period of the previous year.
So overall in terms of real pay it seems we are going to have to wait some time for Maxine Nightingale.
Ooh, and it’s alright and it’s coming along
We gotta get right back to where we started from
Love is good, love can be strong
We gotta get right back to where started from.
The Investing Channel


investmentwatchblog--2020-08-11--Debt NOT Paid Back Will Crush Tenants, Landlords, and Banks! Derivatives Will Follow.

Here in 2020 , there are countless reasons to be cautious , and countless points of fragility .
But the @ @ @ @ @ madness has accelerated beyond any previous bubble .
We have gone way past the euphoria @ @ @ @ @ 2008 , and the Dot Com boom and bust .
And yet few really see @ @ @ @ @ .
Few will acknowledge it .
Just like the lump that continues to grow ever @ @ @ @ @ it will make it go away… Until it comes to an end .
Federal Government @ @ @ @ @ Billion in $ 600-a-Week Jobless Aid – WSJ

Here in 2020, there are countless reasons to be cautious, and countless points of fragility. But the Wall St. side of this madness has accelerated beyond any previous bubble. We have gone way past the euphoria of earlier this year, 2008, and the Dot Com boom and bust. And yet few really see what’s going on. Few will acknowledge it. Just like the lump that continues to grow ever larger, hoping that ignoring it will make it go away… Until it comes to an end.
Federal Government Sent Workers Nearly $250 Billion in $600-a-Week Jobless Aid – WSJ
www.wsj.com/articles/federal-government-sent-workers-nearly-250-billion-in-600-a-week-jobless-aid-11597091188
Coronavirus stimulus bill: Mnuchin open to restarting negotiations
www.cnbc.com/2020/08/10/mnuchin-is-open-to-more-coronavirus-stimulus-talks-were-prepared-to-put-more-money-on-the-table.html
Information: July 2020 Rent Report | NYC Hospitality Alliance
thenycalliance.org/information/july-2020-rent-report
Simon Property Group (SPG) reports Q2 2020 earnings fell
www.cnbc.com/2020/08/10/simon-property-group-spg-reports-q2-2020-earnings-fell.html
Braves’ finances hit hard: 95% drop in revenue; employee pay cuts
www.ajc.com/sports/atlanta-braves/braves-finances-hit-hard-95-drop-in-revenue-employee-pay-cuts/GCLE7BSMLBE5VETCMRTCRHFZKQ/
Median CPI: Latest Data
www.clevelandfed.org/our-research/indicators-and-data/median-cpi.aspx
We are primarily funded by readers. Please subscribe and donate to support us!
Gold Price
goldprice.org/
Jim Cramer debuts new mantra: ‘No news is good news’
www.cnbc.com/2020/08/10/jim-cramer-debuts-new-mantra-no-news-is-good-news.html
gs q2 earnings.jpg (1130×388)
www.zerohedge.com/s3/files/inline-images/gs%20q2%20earnings.jpg?itok=T_JCwubA
Assets: Total Assets: Total Assets (Less Eliminations from Consolidation): Wednesday Level (WALCL) | FRED | St. Louis Fed
fred.stlouisfed.org/series/WALCL
FRB: H.4.1 Release–Factors Affecting Reserve Balances– August 06, 2020
www.federalreserve.gov/releases/h41/current/
M2 Money Stock (M2) | FRED | St. Louis Fed
fred.stlouisfed.org/series/M2


investmentwatchblog--2020-08-11--Major 2020 Warning Issued About Big Tech Ahead Election

Marty Walsh from Trending Politics reports , House Minority Leader Kevin McCarthy sounded the alarm on Sunday about how tech @ @ @ @ @ to restrict conservative speech by manipulating its search results .

Marty Walsh from Trending Politics reports, House Minority Leader Kevin McCarthy sounded the alarm on Sunday about how tech giants like Google are trying to restrict conservative speech by manipulating its search results.
We are primarily funded by readers. Please subscribe and donate to support us!
Read More/Source/Credit/FairUse:
trendingpolitics.com/mccarthy-issues-major-warning-about-how-big-tech-could-be-tilting-the-election/


investmentwatchblog--2020-08-11--THERE GOES OUR FOOD! – Derecho just wrecked our entire corn crop for 2020 in one day!

The entire mideast corn crop was blown down by the Derecho : – 106 mph in Le Grand , IA @ @ @ @ @ , IA – 95 mph in Marshalltown , IA – 90 mph in Chelsea , @ @ @ @ @ Urbandale , IA – 80 mph in Colfax , IA – 78 mph in Saylorville @ @ @ @ @ targeted Iowa specifically :

The entire mideast corn crop was blown down by the Derecho:
Thinking about those in the farming community tonight. This is just a sampling of many cornfields across Iowa after the derecho moved through today. Absolutely devastating. #IAwx pic.twitter.com/PDwhNJUD7L — Tyler Roney (@TylerJRoney) August 11, 2020
WOW! Iowa corn crop is toast.
Woah! This is not a good sight to see. South of Scranton, Iowa the fields are flattened. 📸: Cassie Fiedler pic.twitter.com/6giiYDwDQb — Iowa Storm Chasing Network (@IAStormChasing) August 10, 2020
Peak wind gusts with #derecho in Iowa corn country:
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– 106 mph in Le Grand, IA
– 99 mph in Albion, IA
– 95 mph in Marshalltown, IA
– 90 mph in Chelsea, IA
– 88 mph in Urbandale, IA
– 80 mph in Colfax, IA
– 78 mph in Saylorville, IA
Looks like it targeted Iowa specifically:
Evolution of today's damaging derecho, from a cluster of thunderstorms in South Dakota to its passage through Chicago, overlapped with Storm Prediction Center damaging wind reports: pic.twitter.com/zubbN2naYd — Tomer Burg (@burgwx) August 11, 2020
AC


investmentwatchblog--2020-08-11--As Bezos dumps over $3bn of Amazon shares, here’s why you should be worried

There has been talk of Amazon running out of stock… Delivery times are not what they once were… I wonder what is going on here ?
?
?
Did he really need the money or does Jeff Bezos know something ?
?
?
I believe the US financial market is in an inescapable bubble .
The reasoning for this is quite straightforward : the Federal Reserve ’ s plan to support the financial market wasn ’ t meant to be long term , and the unpredictability of the economy with the ongoing coronavirus surges across the US is making it @ @ @ @ @ @ @ securities .
Read more Musk and Bezos are locked in a 21st century space race , but together they could take humanity to the stars Musk and Bezos are locked in a 21st century space race , but together they could take humanity to the stars Federal Reserve Chair Jerome H. Powell himself pointed out that “ the path forward for the economy is extraordinarily uncertain , and will depend in large part on our success in keeping the virus in check , ” and that it will “ also depend on policy @ @ @ @ @ @ @ provide relief [ … ] for as long as needed .
”

There has been talk of Amazon running out of stock…
Delivery times are not what they once were…
I wonder what is going on here???
Did he really need the money or does Jeff Bezos know something???
I believe the US financial market is in an inescapable bubble. The reasoning for this is quite straightforward: the Federal Reserve’s plan to support the financial market wasn’t meant to be long term, and the unpredictability of the economy with the ongoing coronavirus surges across the US is making it difficult to assess the value of financial securities.
Read more
Musk and Bezos are locked in a 21st century space race, but together they could take humanity to the stars Musk and Bezos are locked in a 21st century space race, but together they could take humanity to the stars
We are primarily funded by readers. Please subscribe and donate to support us!
Federal Reserve Chair Jerome H. Powell himself pointed out that “the path forward for the economy is extraordinarily uncertain, and will depend in large part on our success in keeping the virus in check,” and that it will “also depend on policy actions taken at all government levels to provide relief […] for as long as needed.”
www.rt.com/op-ed/497617-jeff-bezos-amazon-shares/
h/t COVID19


investmentwatchblog--2020-08-11--Poll reveals half of Democrats don’t think Joe Biden would serve all four years if elected president

• A new Rasmussen Reports poll shows that more than half of the voters surveyed , and nearly half of @ @ @ @ @ believe Joe Biden will complete all four years • 59 percent believe it ‘ likely @ @ @ @ @ running mate would become president • The survey suggests younger voters in particular are convinced @ @ @ @ @ his first term if elected president • 38 % of voters , including 20 % @ @ @ @ @ , who would be 78 if he wins the White House , is suffering from @ @ @ @ @ than half of Democrats do not believe Joe Biden would serve all four years as @ @ @ @ @ elected this November .
In a poll by Rasmussen Reports , some 59 % of @ @ @ @ @ is chosen as Biden ’ s vice president would take over before the end of @ @ @ @ @ .
And 49 % of Democrats who responded to the survey suggested that many are @ @ @ @ @ the presidency , so long as it ’ s not President Trump .

A new Rasmussen Reports poll shows that more than half of the voters surveyed, and nearly half of Democrats, don’t believe Joe Biden will complete all four years
59 percent believe it ‘likely’ that Biden’s running mate would become president
The survey suggests younger voters in particular are convinced that Biden would not finish his first term if elected president
38% of voters, including 20% of Democrats, believe Biden, who would be 78 if he wins the White House, is suffering from some form of dementia
More than half of Democrats do not believe Joe Biden would serve all four years as president should the 77-year-old be elected this November.
In a poll by Rasmussen Reports, some 59% of possible voters believe that whomever is chosen as Biden’s vice president would take over before the end of his first term in 2025.
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And 49% of Democrats who responded to the survey suggested that many are not fussed who takes over the presidency, so long as it’s not President Trump.


investmentwatchblog--2020-08-11--Wow. Xfinity Comcast has BANNED Republican front-runner Laura Loomer from sending texts & emails to

Wow. Xfinity Comcast has BANNED Republican front-runner Laura Loomer from sending texts & emails to voters. This is next-level censorship.

See video .
Wow .
@ Xfinity/ @ comcast has BANNED Republican front-runner Laura Loomer from sending texts & emails @ @ @ @ @ next-level censorship .
When she wins the @ gop primary on Tuesday , will the @ @ @ @ @ ?
They ’ d better !
t.co/pUKzwdLmEK

OUTRAGEOUS! Xfinity-Comcast Bans GOP Candidate Laura Loomer from Sending Texts and Emails
See video. Wow. @Xfinity/@comcast has BANNED Republican front-runner Laura Loomer from sending texts & emails to voters. This is next-level censorship.
When she wins the @gop primary on Tuesday, will the Republican Party fight for her? They’d better! t.co/pUKzwdLmEK
— Pete Hegseth (@PeteHegseth) August 10, 2020


investmentwatchblog--2020-08-11--With Sen. Grassley in the news today, now’s a great time to post his best mic-drop moment. WAIT FOR

With Sen. Grassley in the news today, now’s a great time to post his best mic-drop moment. WAIT FOR IT. Get to the end, you will LOL

This , IMO , is the most perfect thing I know it .
The look at the end , it @ @ @ @ @ a mic-drop , absolutely priceless—even the security guard , it ’ s all somehow just @ @ @ @ @ came out a year ago but I have it bookmarked for when I need a @ @

This, IMO, is the most perfect thing I know it. The look at the end, it’s the epitome of a mic-drop, absolutely priceless—even the security guard, it’s all somehow just the most perfect thing… it came out a year ago but I have it bookmarked for when I need a laugh.
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h/t catsfive


investmentwatchblog--2020-08-11--The global growth engine has reached credit exhaustion.

Chinese banks seem to be leading the way again .
$ CNH looks ripe for further devaluation .
pic.twitter.com/pBfZVyPD24

Chinese banks seem to be leading the way again. $CNH looks ripe for further devaluation. pic.twitter.com/pBfZVyPD24
— Otavio (Tavi) Costa (@TaviCosta) August 11, 2020


investmentwatchblog--2020-08-11--Hong Kong protesters push stock of arrested media tycoon by 1,100%

They ’ ve occupied Hong Kong ’ s central business district , marched by the hundreds of thousands through the @ @ @ @ @ endured tear gas and pepper spray in pitched battles with riot police .
Now Hong @ @ @ @ @ are wielding a new protest weapon : their stock-market trading accounts .
To show support @ @ @ @ @ publisher and outspoken government critic who was arrested Monday under the city ’ s new @ @ @ @ @ have been piling into shares of his media company , Next Digital Ltd .
The @ @ @ @ @ 1,100 % surge in two days that propelled the stock to a seven-year high .
@ @ @ @ @ number of retail investors buying , ” said Castor Pang , head of research at @ @ @ @ @ you just look at the bid-ask price and the size of single trades , most @ @ @ @ @

via Bloomberg:
They’ve occupied Hong Kong’s central business district, marched by the hundreds of thousands through the city’s streets and endured tear gas and pepper spray in pitched battles with riot police.
Now Hong Kong’s pro-democracy supporters are wielding a new protest weapon: their stock-market trading accounts.
To show support for Jimmy Lai, the publisher and outspoken government critic who was arrested Monday under the city’s new national security law, Hongkongers have been piling into shares of his media company, Next Digital Ltd. The result: a more than 1,100% surge in two days that propelled the stock to a seven-year high.
“There are a huge number of retail investors buying,” said Castor Pang, head of research at Core Pacific-Yamaichi. “If you just look at the bid-ask price and the size of single trades, most are super small.”


investmentwatchblog--2020-08-11--Political Prosecutor Complains People Are Politicizing Her Political Prosecution:

Kim Gardner May Be In Hot Water Over McCloskey Prosecution , Burns Her Self-Awareness to the Ground In Response .
Kim Gardner may be in a bit of hot water surrounding her prosecution of the McCloskeys , the now famous gun wielding couple who protected their house from a mob of BLM protesters some months back .
Despite being on their own property and acting in self-defense , Gardner , who is a bought and paid for radical , charged the two with assault for clearly political reasons .
This had dragged on , with the McCloskey ’ s filing @ @ @ @ @ @ @ from the case because she used their prosecution to fundraise for her re-election campaign multiple times .
Now , Gardner has replied .
The St. Louis Post-Dispatch covered the revelations from the filing .
John Sexton over at HotAir covered some of this earlier today and he makes some good points .
Gardner is pretty clearly lying in her filing , as she mentions the case multiple times in her fundraising plea .
Whether she ’ s directly soliciting money in order to keep the prosecution going seems rather irrelevant to me .
@ @ @ @ @ @ @ for political reasons and she clearly outed herself as doing that by immediately using the case to fundraise off of .

Kim Gardner May Be In Hot Water Over McCloskey Prosecution, Burns Her Self-Awareness to the Ground In Response.
Kim Gardner may be in a bit of hot water surrounding her prosecution of the McCloskeys, the now famous gun wielding couple who protected their house from a mob of BLM protesters some months back. Despite being on their own property and acting in self-defense, Gardner, who is a bought and paid for radical, charged the two with assault for clearly political reasons.
This had dragged on, with the McCloskey’s filing a motion in July to remove her from the case because she used their prosecution to fundraise for her re-election campaign multiple times. Now, Gardner has replied.
The St. Louis Post-Dispatch covered the revelations from the filing.
The campaign emails, Gardner said, were responding to criticism of Gardner from high-ranking Republican politicians. “She did not tie her reelection to the prosecution on this or any case,” Gardner’s filing said. “… Not a word discussed, referenced or implied that the future prosecution of this case was related in any way to the circuit attorney obtaining financial support from those receiving the email. Gardner’s response, initially filed under seal, was made public over the weekend by the St. Louis Circuit Court. We are primarily funded by readers. Please subscribe and donate to support us! The McCloskeys’ lawyer, Joel Schwartz, said in a text message Monday that Gardner’s response “is not on point.” “Amongst other issues, she spends multiple pages detailing the complaints of various politicians and anonymous commentators,” he said. “They are not parties, they are not the prosecutor, and she should understand the difference. We plan on addressing her response in the near future.”
John Sexton over at HotAir covered some of this earlier today and he makes some good points. Gardner is pretty clearly lying in her filing, as she mentions the case multiple times in her fundraising plea. Whether she’s directly soliciting money in order to keep the prosecution going seems rather irrelevant to me. It’s improper to prosecute someone for political reasons and she clearly outed herself as doing that by immediately using the case to fundraise off of.
…
…
h/t Glenn


investmentwatchblog--2020-08-11--Seattle: Too Woke For A Black Female Police Chief.

Seattle ’ s First Black Female Police Chief Resigns After Council Caves to BLM ; Reporters Note Irony .
Thanks to the Seattle City Council ’ s Monday vote to cut her salary and gut the police department , Police Chief Carmen Best is resigning , effective September 2nd .
In the resignation letter she emailed her colleagues on the force , Best told her fellow officers that “ this was a difficult decision for me , but when it ’ s time , it ’ s time.
” She also stated she was “ confident the department will make @ @ @ @ @ @ @ truly are the best police department in the country and please trust me when I say the vast majority of people in Seattle support you and appreciate you.
” Best has nearly 3 decades of service with the Seattle PD , and became the department ’ s first black female police chief in August 2018 .
As I wrote Saturday before the official vote was taken , the council ’ s decision to cut Best ’ s salary shouldn ’ t be viewed as anything else but straight up retaliation for her vocal @ @ @ @ @ @ @ desire to defund the police department .
The irony here can not be overstated .
In an effort to appease radical “ Black Lives Matter ” activists , the City Council chose to show their support for diverse black voices by punishing one for expressing her disagreement .
Seattle/Tacoma talk radio show host Jason Rantz , who has been following this story closely and who has attended some of the BLM protests , weighed in on his Twitter feed : SEATTLE POLICE CHIEF CARMEN BEST ANNOUNCES RESIGNATION : Best ’ s resignation comes @ @ @ @ @ @ @ cut spending for the Seattle Police Department on Monday .

Seattle’s First Black Female Police Chief Resigns After Council Caves to BLM; Reporters Note Irony.
Thanks to the Seattle City Council’s Monday vote to cut her salary and gut the police department, Police Chief Carmen Best is resigning, effective September 2nd.
In the resignation letter she emailed her colleagues on the force, Best told her fellow officers that “this was a difficult decision for me, but when it’s time, it’s time.” She also stated she was “confident the department will make it through these difficult times. You truly are the best police department in the country and please trust me when I say the vast majority of people in Seattle support you and appreciate you.”
Read her full resignation letter below:
#BREAKINGNEWS: Chief Carmen Best just emailed her resignation notice to Seattle police officers. pic.twitter.com/Y8y7etOXvU — (((Jason Rantz))) on KTTH Radio (@jasonrantz) August 11, 2020
Best has nearly 3 decades of service with the Seattle PD, and became the department’s first black female police chief in August 2018.
As I wrote Saturday before the official vote was taken, the council’s decision to cut Best’s salary shouldn’t be viewed as anything else but straight up retaliation for her vocal criticisms of the council’s stated desire to defund the police department.
We are primarily funded by readers. Please subscribe and donate to support us!
The irony here cannot be overstated. In an effort to appease radical “Black Lives Matter” activists, the City Council chose to show their support for diverse black voices by punishing one for expressing her disagreement.
Seattle/Tacoma talk radio show host Jason Rantz, who has been following this story closely and who has attended some of the BLM protests, weighed in on his Twitter feed:
This news can't be overstated: a black female police chief in a profession dominated by white men is essentially being driven out by "woke" Seattle politicians. — (((Jason Rantz))) on KTTH Radio (@jasonrantz) August 11, 2020
…
…
SEATTLE POLICE CHIEF CARMEN BEST ANNOUNCES RESIGNATION: Best’s resignation comes after the Seattle City Council voted to cut spending for the Seattle Police Department on Monday.
Black Lives Matter is a Domestic Terrorist Organization


investmentwatchblog--2020-08-11--REPURPOSING: Amazon Wants to Turn Closed Department Stores Into Fulfillment Centers. “Amazon is in t

REPURPOSING: Amazon Wants to Turn Closed Department Stores Into Fulfillment Centers. “Amazon is in talks to turn closed J.C. Penney and Sears shops into distribution hubs.”

Amazon wants to turn closed department stores into fulfillment centers , according to The Wall Street Journal .
The retail @ @ @ @ @ with US mall owner Simon Property Group Inc. to transform former J.C. Penney and Sears @ @ @ @ @ storing everything from books to clothes to electronics .
Details are scant ; it ’ @ @ @ @ @ are under consideration , or whether the deal will even come to fruition .
But @ @ @ @ @ out , flipping big box stores fits with Amazon ’ s goal to speed up @ @ @ @ @ , most of these showrooms are only a short commute from scores of customer homes @ @ @ @ @ immediately responded to PCMag ’ s request for comment .
The property group currently owns @ @ @ @ @ stores , based on its May public filing , as published by WSJ .

Amazon wants to turn closed department stores into fulfillment centers, according to The Wall Street Journal. The retail giant is reportedly in talks with US mall owner Simon Property Group Inc. to transform former J.C. Penney and Sears shops into distribution hubs, storing everything from books to clothes to electronics.
Details are scant; it’s unclear how many locations are under consideration, or whether the deal will even come to fruition. But, as the Journal pointed out, flipping big box stores fits with Amazon’s goal to speed up last-mile deliveries. After all, most of these showrooms are only a short commute from scores of customer homes. Neither Amazon nor Simon immediately responded to PCMag’s request for comment. The property group currently owns 63 JCP and 11 Sears stores, based on its May public filing, as published by WSJ.
We are primarily funded by readers. Please subscribe and donate to support us!
www.pcmag.com/news/report-amazon-wants-turn-closed-department-stores-into-fulfillment-centers


investmentwatchblog--2020-08-11--The Justice Department has arrested 11 MS-13 gang members for sex trafficking and torturing a 13-yea

The Justice Department has arrested 11 MS-13 gang members for sex trafficking and torturing a 13-year-old girl

They beat her with a baseball bat 26 times , gang raped her , fed her drugs , then pimped @ @ @ @ @ they have “ a spark of divinity.
” t.co/rKSCLTBW5B

They beat her with a baseball bat 26 times, gang raped her, fed her drugs, then pimped her out.
Democrats condemned Trump for calling them “animals.”
Pelosi said they have “a spark of divinity.” t.co/rKSCLTBW5B
— John Cardillo (@johncardillo) August 10, 2020


investmentwatchblog--2020-08-11--Look at the google trend for “sweden + coronavirus”…

Look at the google trend for `` sweden + coronavirus '' … Interest peaked in late April when the MSM @ @ @ @ @ '' for not instituting lockdowns and masks .
Now , the MSM has absolutely no @ @ @ @ @ since daily deaths are down to zero .
pic.twitter.com/NL3estyDIT

Look at the google trend for "sweden + coronavirus"…
Interest peaked in late April when the MSM attacked Sweden as "reckless" for not instituting lockdowns and masks.
Now, the MSM has absolutely no interest in talking about Sweden since daily deaths are down to zero. pic.twitter.com/NL3estyDIT
— James Todaro, MD (@JamesTodaroMD) August 7, 2020


investmentwatchblog--2020-08-11--Trump War Room: Biden Largest Tax Increase in HISTORY: 11 Million Illegals Competing for American Jo

Trump War Room: Biden Largest Tax Increase in HISTORY: 11 Million Illegals Competing for American Jobs While They Get Free Healthcare, Social Security and Medicare.

# MyJoeAd is really hard to watchpic.twitter.com/hNSisPwZHH

#MyJoeAd is really hard to watchpic.twitter.com/hNSisPwZHH
— Trump War Room – Text TRUMP to 88022 (@TrumpWarRoom) August 10, 2020


investmentwatchblog--2020-08-11--First in the world! | Russia’s Health Ministry approves pioneering COVID vaccine – Putin

Russia has registered world ’ s first coronavirus vaccine , President Putin announced .
The long-awaited remedy is expected to @ @ @ @ @ January .
On top of that , President added that his own daughter has been @ @ @ @ @ the vaccine

Russia has registered world’s first coronavirus vaccine, President Putin announced. The long-awaited remedy is expected to be made public by next January. On top of that, President added that his own daughter has been administered with a dose of the vaccine
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investmentwatchblog--2020-08-11--#WhiteHouseSiege: Group Taking Credit For ‘Occupy Wall Street’ Plans to ‘Lay Siege to’ and ‘Occupy’

#WhiteHouseSiege: Group Taking Credit For ‘Occupy Wall Street’ Plans to ‘Lay Siege to’ and ‘Occupy’ the White House Next Month

by Daisy Luther of The Organic Prepper The group that takes credit for the Occupy Wall Street movement of 2011 has a new and even more outrageous plan in mind .
They intend to “ occupy ” the White House .
Adbusters , an online magazine that describes itself as “ a global network of artists , activists , writers , pranksters , students , educators and entrepreneurs who want to advance the new social activist movement of the information age ” issued a post that they called Tactical Briefing # 1 to launch their plans to “ lay siege @ @ @ @ @ @ @ in Washington , DC .
( Emphasis theirs ) It ’ s been nine years since we set off the political earthquake of # OccupyWallStreet , laying siege to NYC ’ s Zuccotti Park and inspiring thousands of similar protests around the world .
The Occupy anniversary arrives September 17th , 2020 .
And it may be the perfect day to trigger another global big-bang moment — a massive collective action of the sweetest kind of disobedience .
The why hardly needs recitation .
Because , for these nine years , the shadows @ @ @ @ @ @ @ soared .
Not a single Wall Street CEO spent a night in jail for his role in the 2008 financial meltdown .
Politicians and corporate criminals continue to savage the public trust with impunity .
And all the while , this howling void of a president , his sins too many to name , sits smugly atop a corona death-toll that may surpass two-hundred thousand Americans by Christmas .
It ’ s time again for dramatic , decisive action .
Which is why , on September 17th , in the original and enduring @ @ @ @ @ @ @ of thousands of our fellow citizens will stream into Lafayette Square , in Washington .
D.C. We will lay siege to the White House .
And we will sustain it for exactly fifty days .
This is the # WhiteHouseSiege .
A siege only works if it is sustained .
We witnessed this — the multiplying power of a strategic occupation — nine years ago .
You dig in , hold your ground , and the tension accumulates , amplifies , goes global .
Let us once again summon the sweet , revolutionary @ @ @ @ @ @ @ Zuccotti Park .
# WhiteHouseSiege will electrify the U.S. election season — and it doesn ’ t stop there .
Drawing wind from # MeToo , # BLM , # ExtinctionRebellion , and protests against Trump ’ s lethal bungling of coronavirus , we ’ ll inspire a global movement of systemic change — a Global Spring — a cultural heave towards a new world order .
( source ) It ’ s difficult to imagine that this will go down as they hope .
The public “ briefing ” repeatedly uses the @ @ @ @ @ @ @ this goes at all like the occupation in downtown Seattle or the protests in Portland ( which has seen violent “ protests ” for 73 days straight now ) , violence is bound to occur .
And it ’ s important to note that the law enforcement response to the occupation of anything near the President ’ s abode will be far more severe than the lackluster response in Seattle , where police officers and National Guard members have been basically neutered by the local government .
An event with the hashtag # @ @ @ @ @ @ @ non-violently .
This , of course , will likely result in even more violence and more widespread outrage .
Twitter is divided , unsurprisingly , on the questionable wisdom of such a move .
How do you think this is going to go over ?
Activist groups are better funded and better organized than in recent memory .
This event is likely to occur .
However , I don ’ t think it will go over the way Adbusters thinks it will go over .
I think that the Secret Service and possibly @ @ @ @ @ @ @ to protect the President .
But it does set the tone for the upcoming presidential election , which up until now has seemed to be on a back burner .
Biden ’ s campaign hasn ’ t even introduced a running mate yet and the election is a mere 3 months away .
This is the least campaigned election year I ’ ve ever seen .
For those who plan to take part in the # WhiteHouseSiege , I hope that they understand this isn ’ t going to be a thing where @ @ @ @ @ @ @ comrades ” and throw the occasional chunk of concrete .
Washington DC is not like Seattle .
It ’ s not like Portland .
If they think they ’ re going to be part of something bigger and just defiantly sleep in a tent in front of the White House , I believe they may be in for an unpleasant shock .
Any action taken against the White House will be met with a serious response .
For the rest of us , it ’ s important to note that this protest and @ @ @ @ @ @ @ protests in other parts of the country .
Go here to learn more about preparing for civil unrest .
What about you ?
Do you think this event will take place ?
What do you think the response will be like ?
Daisy Luther is a coffee-swigging , gun-toting blogger who writes about current events , preparedness , frugality , voluntaryism , and the pursuit of liberty on her website , The Organic Prepper .
She is widely republished across alternative media and she curates all the most important news links on her @ @ @ @ @ @ @ the best-selling author of 4 books and lives in the mountains of Virginia with her two daughters and an ever-growing menagerie .
You can find her on Facebook , Pinterest , and Twitter .

by Daisy Luther of The Organic Prepper
The group that takes credit for the Occupy Wall Street movement of 2011 has a new and even more outrageous plan in mind. They intend to “occupy” the White House.
Adbusters, an online magazine that describes itself as “a global network of artists, activists, writers, pranksters, students, educators and entrepreneurs who want to advance the new social activist movement of the information age” issued a post that they called Tactical Briefing #1 to launch their plans to “lay siege” to the President’s home in Washington, DC. (Emphasis theirs)
It’s been nine years since we set off the political earthquake of #OccupyWallStreet, laying siege to NYC’s Zuccotti Park and inspiring thousands of similar protests around the world. The Occupy anniversary arrives September 17th, 2020. And it may be the perfect day to trigger another global big-bang moment — a massive collective action of the sweetest kind of disobedience.
The why hardly needs recitation. Because, for these nine years, the shadows have only grown longer. Inequality has soared. Not a single Wall Street CEO spent a night in jail for his role in the 2008 financial meltdown. Politicians and corporate criminals continue to savage the public trust with impunity. And all the while, this howling void of a president, his sins too many to name, sits smugly atop a corona death-toll that may surpass two-hundred thousand Americans by Christmas.
It’s time again for dramatic, decisive action. Which is why, on September 17th, in the original and enduring spirit of Occupy, we and tens of thousands of our fellow citizens will stream into Lafayette Square, in Washington. D.C.
We will lay siege to the White House. And we will sustain it for exactly fifty days. This is the #WhiteHouseSiege.
A siege only works if it is sustained. We witnessed this — the multiplying power of a strategic occupation — nine years ago. You dig in, hold your ground, and the tension accumulates, amplifies, goes global.
Fifty days — September 17th to November 3rd.
Let us once again summon the sweet, revolutionary nonviolence that was our calling card in Zuccotti Park.
#WhiteHouseSiege will electrify the U.S. election season — and it doesn’t stop there. Drawing wind from #MeToo, #BLM, #ExtinctionRebellion, and protests against Trump’s lethal bungling of coronavirus, we’ll inspire a global movement of systemic change — a Global Spring — a cultural heave towards a new world order. (source)
We are primarily funded by readers. Please subscribe and donate to support us!
It’s difficult to imagine that this will go down as they hope.
The public “briefing” repeatedly uses the word “non-violent,” but if this goes at all like the occupation in downtown Seattle or the protests in Portland (which has seen violent “protests” for 73 days straight now), violence is bound to occur. And it’s important to note that the law enforcement response to the occupation of anything near the President’s abode will be far more severe than the lackluster response in Seattle, where police officers and National Guard members have been basically neutered by the local government.
Twitter is divided
An event with the hashtag #WhiteHouseSiege is unlikely to go smoothly and non-violently. This, of course, will likely result in even more violence and more widespread outrage. Twitter is divided, unsurprisingly, on the questionable wisdom of such a move.
On September 17, 2020 we will lay siege to The @WhiteHouse for exactly fifty days. We need your wisdom and expertise to pull off a radically democratic toneshift in our politics. Are you ready for #revolution? This is the #WhiteHouseSiege
🔥t.co/gWw8jDJC05 pic.twitter.com/bTxyLvl7a7 — Adbusters (@Adbusters) July 28, 2020
The Secret Service does not tolerate “protests” in front of the White House. They’re not the Portland Police and they’re not as kind as DHS. Anyone planning a #WhiteHouseSiege will be shot dead as soon as they cross the barricades. — Jon (@RealJonJackson) August 9, 2020
If Trump is continuously going to bend the will of the people to him by gutting the #USPS & threatening to not leave Office, Desperate times calls for Drastic & Symbolic Measures! Our Democratic Elections are on the line! #WhiteHouseSiege #VoteForOurLivest.co/EDYIPRQWl8 — Nathaniel A. Gregory 🌺💐🌸🌷🌻🌹🌼🏵 (@Faithslayer202) August 1, 2020
How do you think this is going to go over?
Activist groups are better funded and better organized than in recent memory. This event is likely to occur. However, I don’t think it will go over the way Adbusters thinks it will go over. I think that the Secret Service and possibly even the military will rapidly be involved to protect the President.
But it does set the tone for the upcoming presidential election, which up until now has seemed to be on a back burner. Biden’s campaign hasn’t even introduced a running mate yet and the election is a mere 3 months away. This is the least campaigned election year I’ve ever seen.
For those who plan to take part in the #WhiteHouseSiege, I hope that they understand this isn’t going to be a thing where they can stand around with their “comrades” and throw the occasional chunk of concrete. Washington DC is not like Seattle. It’s not like Portland. If they think they’re going to be part of something bigger and just defiantly sleep in a tent in front of the White House, I believe they may be in for an unpleasant shock. Any action taken against the White House will be met with a serious response.
For the rest of us, it’s important to note that this protest and the response to it could spark solidarity protests in other parts of the country. Go here to learn more about preparing for civil unrest.
What about you? Do you think this event will take place? What do you think the response will be like?
Daisy Luther is a coffee-swigging, gun-toting blogger who writes about current events, preparedness, frugality, voluntaryism, and the pursuit of liberty on her website, The Organic Prepper. She is widely republished across alternative media and she curates all the most important news links on her aggregate site, PreppersDailyNews.com. Daisy is the best-selling author of 4 books and lives in the mountains of Virginia with her two daughters and an ever-growing menagerie. You can find her on Facebook, Pinterest, and Twitter.


investmentwatchblog--2020-08-11--China & US War in 3 Months?

China & US War in 3 Months?

The former Labor Prime Minister of Australia Kevin Rudd has come out in a piece he wrote in Foreign Affairs – Beware the Guns of August—in Asia .
Rudd is claiming that the US and China may go to war in three months ahead of the US elections .
This is clearly the left trying to claim that Trump will start a war just to win the White House .
This seems to be simply part of this entire global quest to usher in socialism and end capitalism .
The left simply wants total power .
Just look at Melbourne @ @ @ @ @ @ @ I visited often ios now a prison camp using COVID to strip people of all human rights .
The police may now enter anyone ’ s home without a warrant and they imposed a Curfew 8:00 pm .
This entire issue of rising tensions will not lead to war under Trump .
Even if China were to invade Taiwan , the US is not likely to send in ground troops .
China is flexing its muscles because the West is committing politic-economic suicide with COVID .
China knows the agenda and it is @ @ @ @ @ @ @ have been pushing US institutions to sell all investments in China because they are not yielding to the Climate Change Agenda .
This is breaking the economic link the does prevent war .
In addition , China is moving to expand its own domestic consumer economy .
It has adopted a different pather than Europe which clings to socialism and Germany is still a mercantilistic economy .
China will become the new Financial Capital of the World because it is adopting a domestic view while the Democrats in the USA are trying to @ @ @ @ @ @ @ of the nation under Marxist class warfare .
While there is no question that war is coming .
However , not simply because Trump needs to win the election .
Yes , China has been staging assault practices to invade Taiwan .
They have suppressed Hong Kong which was a vital economic link for its economy .
The subjugation of Hong Kong shows that China ’ s economy has matured enough that it no longer needs to funnel business through Hong Kong .
Many businesses borrowed in Hong Kong and took the cash @ @ @ @ @ @ @ cycle between China and Taiwan turned up in 2018 and we should expect this to really escalate into 2023 .
Nevertheless , underlying models do not look good economically for Taiwan .
This entire COVID nonsense has seen as much as a 90 % drop in profits for some of the biggest companies in Taiwan .
There is clearly a risk that 2020 could prove to be the major high and a decline into 2024 may unfold .
This was a high volatility yearly target and we have witnessed an outside reversal to @ @ @ @ @ @ @ conclusion of this long-standing confrontation .
With COVID raging in the West , there will be no economic basis to defend Taiwan from Europe or the USA .
China knows the West can not afford a war after destroying its economy .
If I were China , I would wait for these further lockdowns to wipe out the various economics and that will reduce the threat of any retaliation .
This will be like Rome expanding after the Greeks fought among themselves dividing their empire .
Titus Quinctius Flamininus ( c. 228–174BC ) @ @ @ @ @ @ @ was instrumental in the Roman conquest of Greece .
That came 309.6 years from the birth of the Roman Republic .
The fall of Greece to Rome came about 224 years from the peak of Greece prior to its conquest by Macedonia .
Europe peaked really with the French Revolution .
That came 224 years before the peak in government confidence which was 2015.75 .
From there onward , we have has not just BREXIT , but the election of Trump and the collapse in the basic civility within politics .
The Cycle @ @ @ @ @ @ @ off to the printer .
The full scope of what we face has been provided in that book .

by Martin Armstrong
The former Labor Prime Minister of Australia Kevin Rudd has come out in a piece he wrote in Foreign Affairs – Beware the Guns of August—in Asia. Rudd is claiming that the US and China may go to war in three months ahead of the US elections. This is clearly the left trying to claim that Trump will start a war just to win the White House. This seems to be simply part of this entire global quest to usher in socialism and end capitalism. The left simply wants total power. Just look at Melbourne, Australia. This one beautiful city I visited often ios now a prison camp using COVID to strip people of all human rights. The police may now enter anyone’s home without a warrant and they imposed a Curfew 8:00 pm.
This entire issue of rising tensions will not lead to war under Trump. Even if China were to invade Taiwan, the US is not likely to send in ground troops. China is flexing its muscles because the West is committing politic-economic suicide with COVID. China knows the agenda and it is being driven by Bill Gates. Activists have been pushing US institutions to sell all investments in China because they are not yielding to the Climate Change Agenda. This is breaking the economic link the does prevent war.
In addition, China is moving to expand its own domestic consumer economy. It has adopted a different pather than Europe which clings to socialism and Germany is still a mercantilistic economy. China will become the new Financial Capital of the World because it is adopting a domestic view while the Democrats in the USA are trying to follow Europe and subjugate the productive capacity of the nation under Marxist class warfare.
While there is no question that war is coming. However, not simply because Trump needs to win the election. Yes, China has been staging assault practices to invade Taiwan. They have suppressed Hong Kong which was a vital economic link for its economy. The subjugation of Hong Kong shows that China’s economy has matured enough that it no longer needs to funnel business through Hong Kong. Many businesses borrowed in Hong Kong and took the cash directly back to China.
We are primarily funded by readers. Please subscribe and donate to support us!
The confrontation cycle between China and Taiwan turned up in 2018 and we should expect this to really escalate into 2023. Nevertheless, underlying models do not look good economically for Taiwan. This entire COVID nonsense has seen as much as a 90% drop in profits for some of the biggest companies in Taiwan.
There is clearly a risk that 2020 could prove to be the major high and a decline into 2024 may unfold. This was a high volatility yearly target and we have witnessed an outside reversal to the upside. This may be the conclusion of this long-standing confrontation. With COVID raging in the West, there will be no economic basis to defend Taiwan from Europe or the USA. China knows the West cannot afford a war after destroying its economy. If I were China, I would wait for these further lockdowns to wipe out the various economics and that will reduce the threat of any retaliation. This will be like Rome expanding after the Greeks fought among themselves dividing their empire.
Titus Quinctius Flamininus (c. 228–174BC) was a Roman politician and general who was instrumental in the Roman conquest of Greece. That came 309.6 years from the birth of the Roman Republic. The fall of Greece to Rome came about 224 years from the peak of Greece prior to its conquest by Macedonia. Europe peaked really with the French Revolution. That came 224 years before the peak in government confidence which was 2015.75. From there onward, we have has not just BREXIT, but the election of Trump and the collapse in the basic civility within politics.
The Cycle of War has been edited and is off to the printer. The full scope of what we face has been provided in that book.


investmentwatchblog--2020-08-12--New Ad Depicts 2020 Election as a War

New Ad Depicts 2020 Election as a War

Socrates not only had forecast that 2015.75 would be the peak in government and the start of the Big Bang , which was initiated by the move to negative interest rates in 2014 .
This would undermine the sovereign debt markets and set in motion the decline and fall of the modern monetary system , which was constructed on governments borrowing money perpetually with no intention of paying anything off — EVER !
The year 2016 brought BREXIT and the Trump election .
Socrates was then forecasting that the 2020 presidential election would be the most corrupt and violent in @ @ @ @ @ @ @ be on point .
This new advertisement supporting Trump by an external group is very telling .
Socrates has also shown that this COVID-19 pandemic has been manufactured and by no means has the entire society ever been locked down in a quarantine of this magnitude .
Historically , ONLY those who are sick are put into quarantine .
Governor Cuomo ordered COVID patients to be housed in nursing homes when 92 % of all deaths are among the elderly ( over 65 ) or people who have lung issues .
His move @ @ @ @ @ @ @ called for no one to be charged for the deaths of the elderly he set in motion for following his own orders which defies everything we thought was decent , honest , and that nobody is above the law .
This video shows the level of controversy that is surrounding this 2020 election .
It will probably become the most highly contested election in history and neither side will accept a loss .
This is feeding into the War Cycle as society has become extremely divided which in itself appears to be intentional @ @ @ @ @ @ @ of Western Society to intentionally bring in an authoritarian government ending meaningful elections and adopting another version of Marx ’ s Dream .

by Martin Armstrong
Socrates not only had forecast that 2015.75 would be the peak in government and the start of the Big Bang, which was initiated by the move to negative interest rates in 2014. This would undermine the sovereign debt markets and set in motion the decline and fall of the modern monetary system, which was constructed on governments borrowing money perpetually with no intention of paying anything off — EVER! The year 2016 brought BREXIT and the Trump election. Socrates was then forecasting that the 2020 presidential election would be the most corrupt and violent in American history. That forecast appears to be on point.
We are primarily funded by readers. Please subscribe and donate to support us!
This new advertisement supporting Trump by an external group is very telling. Socrates has also shown that this COVID-19 pandemic has been manufactured and by no means has the entire society ever been locked down in a quarantine of this magnitude. Historically, ONLY those who are sick are put into quarantine. Governor Cuomo ordered COVID patients to be housed in nursing homes when 92% of all deaths are among the elderly (over 65) or people who have lung issues. His move was outright murder. Then this governor called for no one to be charged for the deaths of the elderly he set in motion for following his own orders which defies everything we thought was decent, honest, and that nobody is above the law.
This video shows the level of controversy that is surrounding this 2020 election. It will probably become the most highly contested election in history and neither side will accept a loss. This is feeding into the War Cycle as society has become extremely divided which in itself appears to be intentional. We are witnessing live the fall of Western Society to intentionally bring in an authoritarian government ending meaningful elections and adopting another version of Marx’s Dream.


investmentwatchblog--2020-08-12--Should The US Invade Melbourne Australia to Restore Human Rights Like Iraq?

How will the markets handle what lies ahead is very interesting .
Historically capital will ALWAYS flee from tyranny .
The markets may appear to be disconnected , but they are clearly beginning to weight the changing tide of freedom which is so essential to how and why we invest our capital .
Governments have violated the very core authority they have been granted by the people .
The treatment of choking this girl simply because she does not have a mask is by no means a free society that respects human rights .
What is really interesting is the @ @ @ @ @ @ @ that their governments were abusing their own people and violating human rights .
These are just the first six articles of the Declaration of Human Rights that countries now routinely violate claiming they are protecting them .
What countries have restored to under the pretense of protecting the public is to strip everyone of all human rights .
This has gone way too far and in many cases , as seen here , the Police have crossed the line and become the tyrannical enemies of the people .
This is the very essence @ @ @ @ @ @ @ that is not bloodless .
How will the markets respond and they will distinctly provide us clues as to their intended path of flight .
Australia has clearly adopted a very aggressive authoritarian posture against its people .
This is reflected in the currency for it has declined sharply for the past 9 years since the high of 2011 .
The A $ needs to close back above 7800 at year-end to raise hope of a bounce .
A closing below 7000 at year-end will point to political unrest and a decline into @ @ @ @ @ @ @ $ should rise with commodities into 2024 , but the failure to do so would warn of political unrest which will not end well for Australia .
Thomas Jefferson wrote the Declaration of Independence .
Among the list of grievances , he enumerated the very abuses we are being faced with under the pretense of protecting the public from a virus which is only equivalent to the flu and 92 % of all deaths are the same group – the elderly over 65 .
Our governments have eliminated all our rights and have @ @ @ @ @ @ @ know that their Socialistic programs are collapsing and they can no longer borrow perpetually with no intent to repay anything .
They have told people to save for retirement and then lowered interest rates wiping out the ability of the retired community to live off of savings .
Keynesianism is collapsing and they have no replacement but MMT and to accomplish that they seek to impose a total authoritarian state .
No free society turns against its own people .
All the same justification that was used to invade the Middle East exists @ @ @ @ @ @ @ of our once Democratic free societies of “ We the People.
” Look at this list of grievances : He has obstructed the Administration of Justice , by refusing his Assent to Laws for establishing Judiciary powers .
He has made Judges dependent on his Will alone , for the tenure of their offices , and the amount and payment of their salaries .
He has erected a multitude of New Offices , and sent hither swarms of Officers to harrass our people , and eat out their substance .
He has combined @ @ @ @ @ @ @ jurisdiction foreign to our constitution , and unacknowledged by our laws ; giving his Assent to their Acts of pretended Legislation : For protecting them ( king ’ s agents ) , by a mock Trial , from punishment for any Murders which they should commit on the Inhabitants of these States : For cutting off our Trade with all parts of the world : For imposing Taxes on us without our Consent : For depriving us in many cases , of the benefits of Trial by Jury : For taking away our @ @ @ @ @ @ @ , and altering fundamentally the Forms of our Governments : These are just a few of the grievances that Jefferson noted .
The king sent a full army to capture Jefferson at his home seeking to hang him .
We are entering a period where the markets are clearly disconnected from the normal trends of analysis .
They have adopted a new footing as confidence begins to falter .

by Martin Armstrong
How will the markets handle what lies ahead is very interesting. Historically capital will ALWAYS flee from tyranny. The markets may appear to be disconnected, but they are clearly beginning to weight the changing tide of freedom which is so essential to how and why we invest our capital. Governments have violated the very core authority they have been granted by the people. The treatment of choking this girl simply because she does not have a mask is by no means a free society that respects human rights.
What is really interesting is the justification to invade Iraq or Syria was that their governments were abusing their own people and violating human rights. These are just the first six articles of the Declaration of Human Rights that countries now routinely violate claiming they are protecting them. What countries have restored to under the pretense of protecting the public is to strip everyone of all human rights. This has gone way too far and in many cases, as seen here, the Police have crossed the line and become the tyrannical enemies of the people. This is the very essence of what sets in motion a revolution that is not bloodless.
How will the markets respond and they will distinctly provide us clues as to their intended path of flight. Australia has clearly adopted a very aggressive authoritarian posture against its people. This is reflected in the currency for it has declined sharply for the past 9 years since the high of 2011. The A$ needs to close back above 7800 at year-end to raise hope of a bounce. A closing below 7000 at year-end will point to political unrest and a decline into 2021 at the least. The A$ should rise with commodities into 2024, but the failure to do so would warn of political unrest which will not end well for Australia.
Thomas Jefferson wrote the Declaration of Independence. Among the list of grievances, he enumerated the very abuses we are being faced with under the pretense of protecting the public from a virus which is only equivalent to the flu and 92% of all deaths are the same group – the elderly over 65. Our governments have eliminated all our rights and have sought to divide the people because they know that their Socialistic programs are collapsing and they can no longer borrow perpetually with no intent to repay anything. They have told people to save for retirement and then lowered interest rates wiping out the ability of the retired community to live off of savings. Keynesianism is collapsing and they have no replacement but MMT and to accomplish that they seek to impose a total authoritarian state. No free society turns against its own people. All the same justification that was used to invade the Middle East exists in the heartlands of the last vestiges of our once Democratic free societies of “We the People.” Look at this list of grievances:
He has obstructed the Administration of Justice, by refusing his Assent to Laws for establishing Judiciary powers.
He has made Judges dependent on his Will alone, for the tenure of their offices, and the amount and payment of their salaries.
He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance.
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He has combined with others to subject us to a jurisdiction foreign to our constitution, and unacknowledged by our laws; giving his Assent to their Acts of pretended Legislation:
For protecting them (king’s agents), by a mock Trial, from punishment for any Murders which they should commit on the Inhabitants of these States:
For cutting off our Trade with all parts of the world:
For imposing Taxes on us without our Consent:
For depriving us in many cases, of the benefits of Trial by Jury:
For taking away our Charters, abolishing our most valuable Laws, and altering fundamentally the Forms of our Governments:
These are just a few of the grievances that Jefferson noted. The king sent a full army to capture Jefferson at his home seeking to hang him. We are entering a period where the markets are clearly disconnected from the normal trends of analysis. They have adopted a new footing as confidence begins to falter.


investmentwatchblog--2020-08-12--Robinhood Investors Have A New Favorite Oil Stock

If COVID has solidified one thing , it is that playing the market must be democratic .
And as always in a democracy , people get what they deserve : That means we are seeing tons of amateur investors pour into the market , skewing sentiment away from fundamentals .
Much of that goes down on the fee-free Robinhood trading app , whose median user age is 31 , but with college kids increasingly jumping on board .
And whether they know anything at all about oil—or even markets in general—they have decided that when it comes to hydrocarbons , @ @ @ @ @ @ @ MRO ) .
On March 9th , there were 10,078 Robinhood users holding Marathon stock .
Within a single day , there were 18,564 .
By June 22nd , there were 206,877 users holding MRO .
That is some serious crowd-gathering .
So , is it just straight-up parroting going on here , or is there a method to the madness ?
Is Marathon really that great ?
Should it be the Robinhood user ’ s number one oil and gas stock ?
First of all , consider that Wall Street is growing @ @ @ @ @ @ @ are such a large force that they have the power to drive the market and render fundamentals irrelevant—at least temporarily .
They are like the catwalk of stock traders : fashion over fundamentals .
They have been making all kinds of contrarian moves since the pandemic , including buying tons of stock in bankrupt companies like Hertz and JCPenney and betting on airlines at a time when legendary investors such as Warren Buffett were divesting—fast .
They even bet on cruise lines during a near-global lockdown .
Related : Iranian Oil Exports Much @ @ @ @ @ @ @ different , though .
Marathon is not a bankrupt company , nor is it an overtly contrarian play .
So , what gives , and why is it more popular than , say , ExxonMobil ?
The simple–and likely only—answer is that it is a cheap stock , so the 30-something and younger investors can afford it , even though Robinhood does now offer fractional shares .
The reasoning of the amateur investors is often this : “ I need to diversify my portfolio , which means holding at least one oil and @ @ @ @ @ @ @ only major I can afford.
” It is as simple as that .
There is also a chance for a more significant upside when a stock starts at such a low price—if oil prices ever start climbing again , that is .
The view from the more advanced trader is rather more nuanced .
First of all , Marathon Oil did not release its Q2 2020 earnings report until August 6th , and when it did , it was with a net loss of $ 750 million or $ 0.95 per diluted share @ @ @ @ @ @ @ 477 million ( $ 0.60 per diluted share ) .
MRO reported a net operating cash flow of $ 9 million ( $ 86 million prior to changes in working capital ) .
That $ 9 million is a bit short considering that it spent nearly $ 140 million on capital projects .
That is a fairly grim picture , but there is one thing that stands out : Future cash flow for the full year .
CEO Lee Tillman noted that along with lowering capital spending guidance and raising oil production guidance @ @ @ @ @ @ @ believe the Company is successfully positioned to generate free cash flow at commodity prices well below the current forward curve , while protecting operational momentum into 2021.
” Related : Green Hydrogen Prices Are Set To Drop By 50 % During The Next Decades “ Though premature to provide a specific business plan , our differentiated capital efficiency is illustrated by a 2021 benchmark maintenance scenario that we believe could deliver total Company oil production in-line with 4Q20 at a free cash flow breakeven of approximately $ 35/bbl.
” In other words , @ @ @ @ @ @ @ commodity prices that are quite a bit lower than they are right now .
If that actually pans out , the Millennial investor scooping up Marathon stock on Robinhood could end up holding a company that is flush with cash soon enough .
The company , overall , has also become more efficient and it suspended dividends .
Meanwhile , Exxon is desperately holding onto its dividend , even in this price environment .
None of this means much at all to the novice investor buying up shares on Robinhood , and Wall @ @ @ @ @ @ @ those who have the expertise to pick apart an earnings report should be investing .
Or , at least , they should be in small enough numbers that they are not driving the market in directions that it has no business going and creating bubbles that will eventually burst .
Perhaps .
Once again , though , investing is now democratic , and Wall Street will have to adjust to this Robinhood effect .
When it comes to Marathon , despite poor quarterly reports ( which is really the standard these days , @ @ @ @ @ @ @ certainly be forgiven for piling into this stock .
After all , it has managed to raise its full-year oil production outlook at the same time as it keeps costs under control and continues to lower capex .
Wall Street isn ’ t really going to argue at this point .
Disclaimer : This information is only for educational purposes .
Do not make any investment decisions based on the information in this article .
Do you own due diligence or consult your financial professional before making any investment decision .

By Julianne Geiger
If COVID has solidified one thing, it is that playing the market must be democratic. And as always in a democracy, people get what they deserve: That means we are seeing tons of amateur investors pour into the market, skewing sentiment away from fundamentals. Much of that goes down on the fee-free Robinhood trading app, whose median user age is 31, but with college kids increasingly jumping on board. And whether they know anything at all about oil—or even markets in general—they have decided that when it comes to hydrocarbons, they love Marathon Oil (NYSE: MRO).
On March 9th, there were 10,078 Robinhood users holding Marathon stock. Within a single day, there were 18,564. By June 22nd, there were 206,877 users holding MRO.
That is some serious crowd-gathering.
So, is it just straight-up parroting going on here, or is there a method to the madness?
Is Marathon really that great? Should it be the Robinhood user’s number one oil and gas stock?
First of all, consider that Wall Street is growing increasingly critical of these amateur investors who are such a large force that they have the power to drive the market and render fundamentals irrelevant—at least temporarily.
They are like the catwalk of stock traders: fashion over fundamentals.
They have been making all kinds of contrarian moves since the pandemic, including buying tons of stock in bankrupt companies like Hertz and JCPenney and betting on airlines at a time when legendary investors such as Warren Buffett were divesting—fast. They even bet on cruise lines during a near-global lockdown.
Related: Iranian Oil Exports Much Higher Than Official Data Suggests
Marathon is different, though. Marathon is not a bankrupt company, nor is it an overtly contrarian play.
So, what gives, and why is it more popular than, say, ExxonMobil?
The simple–and likely only—answer is that it is a cheap stock, so the 30-something and younger investors can afford it, even though Robinhood does now offer fractional shares. The reasoning of the amateur investors is often this: “I need to diversify my portfolio, which means holding at least one oil and gas stock, and this is the only major I can afford.”
It is as simple as that.
We are primarily funded by readers. Please subscribe and donate to support us!
There is also a chance for a more significant upside when a stock starts at such a low price—if oil prices ever start climbing again, that is.
The view from the more advanced trader is rather more nuanced.
First of all, Marathon Oil did not release its Q2 2020 earnings report until August 6th, and when it did, it was with a net loss of $750 million or $0.95 per diluted share. Its adjusted net loss was $477 million ($0.60 per diluted share). MRO reported a net operating cash flow of $9 million ($86 million prior to changes in working capital). That $9 million is a bit short considering that it spent nearly $140 million on capital projects.
That is a fairly grim picture, but there is one thing that stands out: Future cash flow for the full year.
CEO Lee Tillman noted that along with lowering capital spending guidance and raising oil production guidance for the full year, “We believe the Company is successfully positioned to generate free cash flow at commodity prices well below the current forward curve, while protecting operational momentum into 2021.”
Related: Green Hydrogen Prices Are Set To Drop By 50% During The Next Decades
“Though premature to provide a specific business plan, our differentiated capital efficiency is illustrated by a 2021 benchmark maintenance scenario that we believe could deliver total Company oil production in-line with 4Q20 at a free cash flow breakeven of approximately $35/bbl.”
In other words, they are positioned for free-cash-flow generation at commodity prices that are quite a bit lower than they are right now.
If that actually pans out, the Millennial investor scooping up Marathon stock on Robinhood could end up holding a company that is flush with cash soon enough.
The company, overall, has also become more efficient and it suspended dividends. Meanwhile, Exxon is desperately holding onto its dividend, even in this price environment.
None of this means much at all to the novice investor buying up shares on Robinhood, and Wall Street would like to suggest that only those who have the expertise to pick apart an earnings report should be investing. Or, at least, they should be in small enough numbers that they are not driving the market in directions that it has no business going and creating bubbles that will eventually burst.
Perhaps. Once again, though, investing is now democratic, and Wall Street will have to adjust to this Robinhood effect.
When it comes to Marathon, despite poor quarterly reports (which is really the standard these days, anyway), the Robinhood investor can certainly be forgiven for piling into this stock. After all, it has managed to raise its full-year oil production outlook at the same time as it keeps costs under control and continues to lower capex. Wall Street isn’t really going to argue at this point.
By Julianne Geiger for Oilprice.com
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.


investmentwatchblog--2020-08-12--Stocks with high individual investor activity in options

Disclaimer : This information is only for educational purposes .
Do not make any investment decisions based on the information @ @ @ @ @ you own due diligence or consult your financial professional before making any investment decision .

by WSBConsensus
We are primarily funded by readers. Please subscribe and donate to support us!
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.


investmentwatchblog--2020-08-12--Tulsi Ended Kamala’s Campagin in 45 Seconds. Here’s a trip down memory lane….

The conspiracy is the Democrats want to lose .
They nominated a guy with dementia and the most unlikable woman on earth .
FLASHBACK : While Democrats get crazier , Tulsi Gabbard hits Kamala Harris criticism right on the nose .
As Gabbard pointed out , then California attorney general , Harris was responsible for putting “ over 1,500 people in jail for marijuana violations and then laughed about it when she was asked if she ever smoked marijuana.
” Harris ’ office also blocked DNA evidence that could have freed a man who may be innocent .
And what @ @ @ @ @ @ @ , “ She kept people in prison beyond their sentences to use them as cheap labor for the state of California .
And she fought to keep ( the ) cash bail system in place that impacts poor people in the worst kind of way.
” ROGER KIMBALL : President Kamala , mistress of puppets ?
Not so fast .
Experts disagree about who is the nastiest and most disagreeable woman in politics .
Some say it is Elizabeth Warren , and there is a lot to be said for her candidacy .
@ @ @ @ @ @ @ Amy Klobuchar .
I admit there is quite a lot to said for both of them as well .
But for my money , the single most repellent woman in politics today is Kamala Harris .
She is also , as this devastating video clip tweeted out today by President Trump reminds us , one of the most extreme leftists in what we used to be able to call , without irony , mainstream politics .
Frankly , I am surprised at Joe Biden ’ s minders .
What does Harris bring to @ @ @ @ @ @ @ a mixed-race female , which gives him brownie points with the BLM-antifa fanatics ( though her behavior as a prosecutor and attorney general of California will win her no plaudits in those quarters ) .
But Biden will take California in any event .
How will Harris play in the rest of the country ?
Not well , I predict .
I think it likely that Joe Biden is not allowed to tie his shoes without the OK from his handlers .
Kamala Harris said just this past April that she believed Joe @ @ @ @

Start at the 4:00 mark.
The conspiracy is the Democrats want to lose. They nominated a guy with dementia and the most unlikable woman on earth.
FLASHBACK: While Democrats get crazier, Tulsi Gabbard hits Kamala Harris criticism right on the nose.
Harris’ office also blocked DNA evidence that could have freed a man who may be innocent. And what’s more, as Gabbard said, “She kept people in prison beyond their sentences to use them as cheap labor for the state of California. And she fought to keep (the) cash bail system in place that impacts poor people in the worst kind of way.”
As Gabbard pointed out, then California attorney general, Harris was responsible for putting “over 1,500 people in jail for marijuana violations and then laughed about it when she was asked if she ever smoked marijuana.”
Related: Kamala Harris: Introducing a faked confession isn’t outrageous prosecutorial misconduct.
ROGER KIMBALL: President Kamala, mistress of puppets? Not so fast.
Experts disagree about who is the nastiest and most disagreeable woman in politics. Some say it is Elizabeth Warren, and there is a lot to be said for her candidacy. Some say it is Hillary Clinton or Amy Klobuchar. I admit there is quite a lot to said for both of them as well. But for my money, the single most repellent woman in politics today is Kamala Harris. She is also, as this devastating video clip tweeted out today by President Trump reminds us, one of the most extreme leftists in what we used to be able to call, without irony, mainstream politics.
Frankly, I am surprised at Joe Biden’s minders. What does Harris bring to the ticket? Yes, she is a mixed-race female, which gives him brownie points with the BLM-antifa fanatics (though her behavior as a prosecutor and attorney general of California will win her no plaudits in those quarters). But Biden will take California in any event. How will Harris play in the rest of the country? Not well, I predict.
I think it likely that Joe Biden is not allowed to tie his shoes without the OK from his handlers.


investmentwatchblog--2020-08-12--New York City paying to house homeless people in 20% of the city’s hotels – paying $2 million per ni

New York City paying to house homeless people in 20% of the city’s hotels – paying $2 million per night

• 139 of New York City ’ s 700 hotels are being used by the city to house homeless people who they removed from shelters to avoid COVID-19 outbreaks • The Lucerne , Belnord and Belleclaire on the Upper West Side and the Rixby , SpringHill Suites , DoubleTree , Best Western and Hampton Inn in the Garment District are among them • The city is refusing to release a full list of the hotels and they won ’ t give details on how much it is costing • A source close to the initiative previously said it was costing @ @ @ @ @ @ @ • With 13,000 homeless people currently being looked after , the cost is more than $ 2million per night • Residents on the Upper West Side are fleeing because , they say , it is bringing more crime to the area Nearly 20 percent of New York City ‘ s hotels are being used to shelter the homeless in a widely criticized initiative that some say will ‘ bankrupt ’ the city and drive its wealthy residents out for good .
Since the start of the pandemic , 13,000 homeless people have been @ @ @ @ @ @ @ around the city .
Currently , 139 of the city ’ s 700-odd hotels are being used .
De Blasio is paying the hotels $ 175 per person per night , according to sources who are familiar with the scheme , which puts the cost at more than $ 2million a night .
The city is refusing to release a list of the hotels being used and the hotels themselves are also reluctant to identify themselves for fear that it may put off future guests .
So far , nine have been identified @ @ @ @ @ @ @ and Belleclaire on the Upper West Side – where residents have fled in fear because of the escalating crime – and the Rixby , SpringHill Suites , DoubleTree , Best Western , Hilton Garden Inn , Hampton Inn in the Garment District .
‘ ( This ) will eventually bankrupt the city .
With more and more people fleeing the city because of the homeless problem and defunding the police where they don ’ t feel safe , the city will not have the funds to sustain this .

139 of New York City’s 700 hotels are being used by the city to house homeless people who they removed from shelters to avoid COVID-19 outbreaks
The Lucerne, Belnord and Belleclaire on the Upper West Side and the Rixby, SpringHill Suites, DoubleTree, Best Western and Hampton Inn in the Garment District are among them
The city is refusing to release a full list of the hotels and they won’t give details on how much it is costing
A source close to the initiative previously said it was costing $175 per person, per night
With 13,000 homeless people currently being looked after, the cost is more than $2million per night
Residents on the Upper West Side are fleeing because, they say, it is bringing more crime to the area
Nearly 20 percent of New York City‘s hotels are being used to shelter the homeless in a widely criticized initiative that some say will ‘bankrupt’ the city and drive its wealthy residents out for good.
Since the start of the pandemic, 13,000 homeless people have been moved out of shelters and into hotels around the city. Currently, 139 of the city’s 700-odd hotels are being used.
De Blasio is paying the hotels $175 per person per night, according to sources who are familiar with the scheme, which puts the cost at more than $2million a night.
The city is refusing to release a list of the hotels being used and the hotels themselves are also reluctant to identify themselves for fear that it may put off future guests. So far, nine have been identified.
We are primarily funded by readers. Please subscribe and donate to support us!
They are The Lucerne, Belnord and Belleclaire on the Upper West Side – where residents have fled in fear because of the escalating crime – and the Rixby, SpringHill Suites, DoubleTree, Best Western, Hilton Garden Inn, Hampton Inn in the Garment District.
‘(This) will eventually bankrupt the city. With more and more people fleeing the city because of the homeless problem and defunding the police where they don’t feel safe, the city will not have the funds to sustain this.
www.dailymail.co.uk/news/article-8616661/Nearly-20-New-Yorks-hotels-used-house-13-000-homeless-people.html#comments