investmentwatchblog--2020-10-07--James O’Keefe goes NUCLEAR in debunking bogus Fox 9 report that defends illegal ballot harvesting

Not a chance @ AOC , Project Veritas STANDS by our reporting .
We 've issued a retraction request to @ @ @ @ @ forward to winning the ensuing lawsuits .
We do n't flinch , and we are @ @ @ @ @ over the damn target and the only coordination is in THE COVERUP !
t.co/4RW9FGUvcR

Not a chance @AOC, Project Veritas STANDS by our reporting.
We've issued a retraction request to @LydenFOX9 and we look forward to winning the ensuing lawsuits.
We don't flinch, and we aren't intimidated.
We're over the damn target and the only coordination is in THE COVERUP! t.co/4RW9FGUvcR
— James O'Keefe (@JamesOKeefeIII) October 6, 2020


investmentwatchblog--2020-10-07--Pelosi is holding America hostage because trump won’t bail out the two richest states in the world

Pelosi wanted the poorest people in America , to bail out the Pension funds of the richest 2 states in @ @ @ @ @ Pelosi is asking for $ 2.4 Trillion Dollars to bailout poorly run , high crime @ @ @ @ @ that is in no way related to COVID-19 .
We made a very generous offer @ @ @ @ @ and , as usual , she is not negotiating in good faith .
I am @ @

Pelosi wanted the poorest people in America, to bail out the Pension funds of the richest 2 states in America NY and California
Nancy Pelosi is asking for $2.4 Trillion Dollars to bailout poorly run, high crime, Democrat States, money that is in no way related to COVID-19. We made a very generous offer of $1.6 Trillion Dollars and, as usual, she is not negotiating in good faith. I am rejecting their…
— Donald J. Trump (@realDonaldTrump) October 6, 2020


investmentwatchblog--2020-10-07--A new congressional report proves that the institutions of marriage and family are being systematica

A new congressional report proves that the institutions of marriage and family are being systematically destroyed in America

The numbers that I am about to share with you are extremely sobering , and they should be a massive wake up call for all of us .
Yesterday , I wrote an article about how our society is breaking down everywhere we look , and nowhere is this more evident than in our marriages and in our families .
But without strong marriages and strong families , no society can thrive for long .
Recently , the Social Capital Project of the Joint Economic Committee Republicans released a report entitled “ The Demise of the Happy Two-Parent Home ” @ @ @ @ @ @ @ it until now because it was almost entirely ignored by the mainstream media .
I have never seen a congressional report document the collapse of marriage and family in American society to such an extent , and to be honest it is quite surprising to see such a quality piece of work come out of Washington .
I have selected nine of the most alarming quotes from the report and put them in bold below .
Following each quote from the report , I am going to share some of my own commentary… @ @ @ @ @ @ @ 2019 , the percentage of women ages 15-44 who were married dropped from 71 percent to 42 percent ( Figure 1 ) .16 Furthermore , Figure 2 shows the percentage of women ages 30-34 who had never married increased from 7 percent in 1962 to 35 percent in 2019.17 Numbers for men are similar , but they were not included in the report .
We have never seen marriage rates collapse like this ever before , and most of the decline can be attributed to the fact that many young Americans simply do @ @ @ @ @ @ @ anymore .
These days , many would prefer to be free to run around having sex with whoever they want .
When they become dissatisfied with their current sexual partner , they just move on and find someone else .
# 2 Today , around 45 percent of American children spend some time without a biological parent by late adolescence.3 That is up from around one-third of children born in the 1960s and one-fifth to one-quarter born in the 1950s.4 Study after study has shown that children do better with two parents , @ @ @ @ @ @ @ of our children have been raised by just one parent for at least a portion of their lives is extremely alarming .
I have tremendous respect for single parents , but if our society is going to thrive we need a whole lot more two parent households .
# 3 Single parenthood is experienced by two-thirds of the children of mothers with less than a high school education and by eighty percent of black children .
Over the past several decades , impoverished Americans have increasingly been drawn to the ideology of the @ @ @ @ @ @ @ the Democratic Party does not value marriage and family , and in impoverished communities all across America the results have been absolutely disastrous .
Unfortunately , the Republican Party is increasingly moving away from traditional values as well , and that is an extremely alarming trend .
# 4 Among women ages 19 to 44 who married between 1965 and 1974 , just 11 percent had cohabited with their husbands prior to marriage , but that number jumped to 32 percent among those who married between 1975 and 1979 and continued to soar @ @ @ @ @ @ @ , two-thirds of new marriages have been preceded by cohabitation.28 These days , the vast majority of young couples want to “ live together ” before they get married .
But study after study has shown that couples that “ live together ” before marriage have much less long-term success than couples that don ’ t .
In the old days , it was clearly understood that cohabitation prior to marriage was wrong , but these days hardly anyone wants to speak out against it .
# 5 The decline in marriage and @ @ @ @ @ @ @ substantial growth in unwed childbearing .
The percent of births to unmarried mothers has jumped from five percent in 1960 to 40 percent today ( Figure 6 ) .29 It is hard to believe that things have gotten this bad .
How in the world is our society going to be successful when 40 percent of our children are being born into unstable family situations ?
These days , many young men don ’ t feel any responsibility for the children that they father , and that is something that must change if @ @ @ @ @ @ @ of turning our country in the right direction .
# 6 In a 2007 study researchers found that 50 percent of children born to cohabiting parents experienced a maternal partnership transition by their third birthday , compared to just 13 percent of children in married-parent families.32 Thus , children born into households where the parents are not married are much more likely to see their parents break up .
This is yet more evidence that cohabitation is a bad idea .
The order is supposed to go like this – get married , @ @ @ @ @ @ @ But these days so many young couples are doing things in the exact opposite order , and the vast majority of the time that does not work out at all .
# 7 As of 2019 , 57 percent of highly-educated women ages 15-44 were married , compared to only 36 percent of moderately-educated women and 18 percent of women with low education ( Figure 8 ) .39 These differences were much smaller in the mid-1960s , with less than ten percentage points separating the three groups in 1964 .
Numbers for men @ @ @ @ @ @ @ numbers for men were not included in this report .
To be honest , I was a bit surprised by the huge differences among the various groups .
Does not having money make both men and women less desirable to potential marriage partners ?
# 8 Two-thirds of births ( 65 percent ) among women with low education occur outside of marriage as of 2018 along with half ( 52 percent ) of births to moderately-educated women ( Figure 9 ) .
Among highly-educated women , however , just 11 percent occur outside @ @ @ @ @ @ @ you have a child outside of marriage while you are very young , it is very likely that you will have to work to support that child .
So any dreams of a higher education are often delayed , and in many cases those delays end up being permanent .
# 9 Women with a bachelor ’ s degree and married for the first time are very likely to be married for a long time ; 78 percent will still be married 20 years later .
However , among women entering their first @ @ @ @ @ @ @ bachelor ’ s degree , it is as likely as not that their marriage will end within 20 years .
Among women with no more than a high school diploma , just 40 percent will still be in their first marriage after 20 years .
The U.S. has one of the highest divorce rates in the entire world , and things are especially bad in our impoverished communities .
As a result , vast numbers of children in our impoverished communities live in broken homes , and those that come from broken homes @ @ @ @ @ @ @ gravitate toward crime , drugs and violence .
The bottom line is that if we want to fix America , we have got to fix our families .
In the report , the authors included a remarkable quote from Princeton University sociologist Sara McLanahan… For thousands of years , two parent families have worked , and the reason they have worked is because that is how things were originally designed .
Sadly , these days most Americans find traditional values repugnant , and they think that they have figured out a better way @ @ @ @ @ @ @ truth is that they have greatly deceived themselves , and if we stay on this current path there is absolutely no future for us as a nation .

by Michael Snyder
The numbers that I am about to share with you are extremely sobering, and they should be a massive wake up call for all of us. Yesterday, I wrote an article about how our society is breaking down everywhere we look, and nowhere is this more evident than in our marriages and in our families. But without strong marriages and strong families, no society can thrive for long. Recently, the Social Capital Project of the Joint Economic Committee Republicans released a report entitled “The Demise of the Happy Two-Parent Home”, but you probably never heard about it until now because it was almost entirely ignored by the mainstream media. I have never seen a congressional report document the collapse of marriage and family in American society to such an extent, and to be honest it is quite surprising to see such a quality piece of work come out of Washington.
I have selected nine of the most alarming quotes from the report and put them in bold below. Following each quote from the report, I am going to share some of my own commentary…
#1 Overall, between 1962 and 2019, the percentage of women ages 15-44 who were married dropped from 71 percent to 42 percent (Figure 1).16 Furthermore, Figure 2 shows the percentage of women ages 30-34 who had never married increased from 7 percent in 1962 to 35 percent in 2019.17
Numbers for men are similar, but they were not included in the report. We have never seen marriage rates collapse like this ever before, and most of the decline can be attributed to the fact that many young Americans simply do not see any reason to get married anymore.
These days, many would prefer to be free to run around having sex with whoever they want. When they become dissatisfied with their current sexual partner, they just move on and find someone else.
#2 Today, around 45 percent of American children spend some time without a biological parent by late adolescence.3 That is up from around one-third of children born in the 1960s and one-fifth to one-quarter born in the 1950s.4
Study after study has shown that children do better with two parents, and so the fact that nearly half of our children have been raised by just one parent for at least a portion of their lives is extremely alarming.
I have tremendous respect for single parents, but if our society is going to thrive we need a whole lot more two parent households.
#3 Single parenthood is experienced by two-thirds of the children of mothers with less than a high school education and by eighty percent of black children.
Over the past several decades, impoverished Americans have increasingly been drawn to the ideology of the Democratic Party.
But the ideology of the Democratic Party does not value marriage and family, and in impoverished communities all across America the results have been absolutely disastrous.
Unfortunately, the Republican Party is increasingly moving away from traditional values as well, and that is an extremely alarming trend.
#4 Among women ages 19 to 44 who married between 1965 and 1974, just 11 percent had cohabited with their husbands prior to marriage, but that number jumped to 32 percent among those who married between 1975 and 1979 and continued to soar thereafter. For the past two decades, two-thirds of new marriages have been preceded by cohabitation.28
These days, the vast majority of young couples want to “live together” before they get married.
But study after study has shown that couples that “live together” before marriage have much less long-term success than couples that don’t.
In the old days, it was clearly understood that cohabitation prior to marriage was wrong, but these days hardly anyone wants to speak out against it.
#5 The decline in marriage and the increase in cohabitation has led to substantial growth in unwed childbearing. The percent of births to unmarried mothers has jumped from five percent in 1960 to 40 percent today (Figure 6).29
It is hard to believe that things have gotten this bad.
How in the world is our society going to be successful when 40 percent of our children are being born into unstable family situations?
We are primarily funded by readers. Please subscribe and donate to support us!
These days, many young men don’t feel any responsibility for the children that they father, and that is something that must change if we ever want to have any hope of turning our country in the right direction.
#6 In a 2007 study researchers found that 50 percent of children born to cohabiting parents experienced a maternal partnership transition by their third birthday, compared to just 13 percent of children in married-parent families.32 Thus, children born into households where the parents are not married are much more likely to see their parents break up.
This is yet more evidence that cohabitation is a bad idea.
The order is supposed to go like this – get married, live together and then have children.
But these days so many young couples are doing things in the exact opposite order, and the vast majority of the time that does not work out at all.
#7 As of 2019, 57 percent of highly-educated women ages 15-44 were married, compared to only 36 percent of moderately-educated women and 18 percent of women with low education (Figure 8).39 These differences were much smaller in the mid-1960s, with less than ten percentage points separating the three groups in 1964.
Numbers for men are similar, but once again the numbers for men were not included in this report.
To be honest, I was a bit surprised by the huge differences among the various groups.
Does not having money make both men and women less desirable to potential marriage partners?
#8 Two-thirds of births (65 percent) among women with low education occur outside of marriage as of 2018 along with half (52 percent) of births to moderately-educated women (Figure 9). Among highly-educated women, however, just 11 percent occur outside marriage.40
If you are a woman and you have a child outside of marriage while you are very young, it is very likely that you will have to work to support that child.
So any dreams of a higher education are often delayed, and in many cases those delays end up being permanent.
#9 Women with a bachelor’s degree and married for the first time are very likely to be married for a long time; 78 percent will still be married 20 years later. However, among women entering their first marriage who have some college but no bachelor’s degree, it is as likely as not that their marriage will end within 20 years. Among women with no more than a high school diploma, just 40 percent will still be in their first marriage after 20 years.
The U.S. has one of the highest divorce rates in the entire world, and things are especially bad in our impoverished communities.
As a result, vast numbers of children in our impoverished communities live in broken homes, and those that come from broken homes tend to be much more likely to gravitate toward crime, drugs and violence.
The bottom line is that if we want to fix America, we have got to fix our families. In the report, the authors included a remarkable quote from Princeton University sociologist Sara McLanahan…
If we were asked to design a system for making sure that children’s basic needs were met, we would probably come up with something quite similar to the two-parent ideal. Such a design, in theory, would not only ensure that children had access to the time and money of two adults, it also would provide a system of checks and balances that promoted quality parenting. The fact that both parents have a biological connection to the child would increase the likelihood that the parents would identify with the child and be willing to sacrifice for that child, and it would reduce the likelihood that either parent would abuse the child.
For thousands of years, two parent families have worked, and the reason they have worked is because that is how things were originally designed.
Sadly, these days most Americans find traditional values repugnant, and they think that they have figured out a better way of doing things.
Of course the truth is that they have greatly deceived themselves, and if we stay on this current path there is absolutely no future for us as a nation.


investmentwatchblog--2020-10-07--What Could Go Wrong? Plenty

What Could Go Wrong? Plenty

Quite a lot of things can go wrong , especially if the mainstream ’ s rose-tinted sunglasses induce a delusional confidence in fantasy .
The conventional assumptions are remarkably rosy : the “ recovery ” is V-shaped in all the ways that count ( i.e .
the top 10 % are once again doing well ) , the Federal Reserve will never let stocks go down or interest rates rise ever again ( never never ever ! )
, and the Federal government will borrow and blow endless trillions in stimulus ( $ 2 trillion every six months seems about @ @ @ @ @ @ @ no limit , we ’ ll double it if that ’ s needed to bail out every zombie corporation , bloated bureaucracy , skim and scam in the land ) .
< b ?
far be= ” ” it= ” ” from= ” ” me= ” ” to= ” ” question= ” ” the= ” ” rose-tinted= ” ” sunglasses , = ” ” but= ” ” prudence= ” ” suggests= ” ” asking : = ” ” < i= ” ” > what could go wrong ?
Gordon Long and I considered @ @ @ @ @ @ @ quite a lot of things can go wrong , especially if the mainstream ’ s rose-tinted sunglasses induce a delusional confidence in fantasy .
What Could Go Wrong ?
( 43 min .
video ) 1 .
A key part of the happy story is the US dollar ( USD ) will continue its decline , which is wunnerful for stocks and exporters : dollar down , stocks up , yea !
The official explanation for this free-fall in the USD will weaken as the Fed eases / prints .
The mainstream thinking @ @ @ @ @ @ @ are farther along in their socialization of debt ( i.e .
their central banks are monetizing fiscal deficits ) and so the US will have to play catch-up , weakening the USD .
What could go wrong ?
US-centric analysts forget the USD is the primary reserve currency and due to Triffin ’ s Paradox , it doesn ’ t just serve the US economy , it serves the global economy .
You will never hear a Fed representative admit this publicly , because the PR / fantasy is that the Fed only @ @ @ @ @ @ @ , gosh-darn it , aren ’ t they sweet ? )
and keeping inflation low and employment high .
In reality , the Fed ’ s core interests are enriching and protecting private banking globally , and maintaining U.S. global hegemony via a strong dollar .
Recall that geopolitically , no empire ever got stronger by weakening its currency .
The Fed never addresses the USD ’ s global role and so conventional pundits ignore geopolitical forces : capital flows , the global need for dollars to service debt denominated in USD and @ @ @ @ @ @ @ China pegs its currency to the US dollar , not the other way around .
That alone tells you the role each currency plays in the global economy .
For the USD to weaken , the yen and the euro would need to significantly strengthen .
But there ’ s a problem with this thesis .
Rather than being stronger , Japan and the EU are weaker than the US .
Credit impulse is essentially zero in both Japan and the EU , both their banking sectors are insolvent , their economies have @ @ @ @ @ @ @ or decades ( Japan ) and their demographic declines are accelerating .
Both are export-dependent , an Achilles Heel as world trade / globalization enters a secular decline that could easily gather momentum .
The US needs capital flows into the US economy , so negative rates are a non-starter .
Non-US borrowers have USD denominated debts of around $ 3 trillion , so demand for USD is not optional , it is a function of credit , commerce and reserves.
< /b ?
far > Simply put , the US is not @ @ @ @ @ @ @ and its commercial hegemony just to satisfy domestic pleading for negative rates .
Furthermore , Japan and Europe have proven that negative rates only weaken the private banking sector–the exact opposite of the Fed ’ s Prime Directive .
If the USD strengthens substantially , which it tends to do in crises , that will be very negative for equities .
( No , no , no , the Fed has our backs !
The Fed will never let my precious portfolio drop a single dollar ! )
So sorry , but the @ @ @ @ @ @ @ related to your portfolio at all .
The Fed ’ s PR is all about domestic stocks , implicitly or explicitly , but when push comes to shove , your portfolio will be sacrificed without any hesitation to protect private banking and USD hegemony .
The empire eats first , and only the tragically misguided believe US stocks are all that matters to the Fed .
2 .
The Fed ’ s easing , QE , etc .
will spark a new round of credit expansion .
What could go wrong ?
Credit @ @ @ @ @ @ @ are very few investment opportunities , which is one reason why corporations have poured earnings into stock buybacks .
The Fed can ’ t create low-risk , high-profit investment opportunities , not can it make poor credit risks into good credit risks .
Banks can ’ t afford to lend to insolvent households , zombie corporations or small businesses .
The credit expansion impulse is impaired by the overhang of bad debt , excessive leverage , zombie corporations , etc .
and there ’ s nothing the Fed can do about it .
@ @ @ @ @ @ @ .
Furthermore , the Fed is now encountering political resistance to its “ enrich the wealthy and bail out zombie corporations ” monetary policies .
Its room to bail out the super-wealthy is increasingly constrained politically .
The Fed is signaling that its focus is shifting from free money for financiers to funneling new money directly to households .
3 .
The federal government will borrow and spend trillions , sparking renewed growth .
What could go wrong ?
As noted , banks can not lend to poor credit risks , nor can @ @ @ @ @ @ @ want to borrow more to take on new loans .
Federal spending doesn ’ t magically create good credit risks or well-collateralized creditors .
Small businesses can not lower their fixed costs enough to survive , and many of these costs such as taxes and fees will be rising as cash-starved local governments seek more revenues .
The free money will flow not into productive investments but into demand for goods and services which are constrained by declines in trade , high fixed production costs , retirement of key workers , etc .
@ @ @ @ @ @ @ believed the “ low inflation forever ” story .
As inflation soars , the purchasing power of the federal spending will plummet accordingly .
As UBI , Fed helicopter money , etc .
becomes institutionalized , the working poor will exit low-paying , high-stress jobs , creating labor shortages .
Small business won ’ t be able to pay higher wages and survive , and low-margin corporations will be squeezed as well .
There ’ s much more in our discussion : What Could Go Wrong ?
( 43 min .
video )

by Charles Hugh-Smith
Quite a lot of things can go wrong, especially if the mainstream’s rose-tinted sunglasses induce a delusional confidence in fantasy.
The conventional assumptions are remarkably rosy: the “recovery” is V-shaped in all the ways that count (i.e. the top 10% are once again doing well), the Federal Reserve will never let stocks go down or interest rates rise ever again (never never ever!), and the Federal government will borrow and blow endless trillions in stimulus ($2 trillion every six months seems about right, but since there’s no limit, we’ll double it if that’s needed to bail out every zombie corporation, bloated bureaucracy, skim and scam in the land).
what could go wrong? Gordon Long and I considered the question and came up with: quite a lot of things can go wrong, especially if the mainstream’s rose-tinted sunglasses induce a delusional confidence in fantasy.
What Could Go Wrong? (43 min. video)
1. A key part of the happy story is the US dollar (USD) will continue its decline, which is wunnerful for stocks and exporters: dollar down, stocks up, yea!
The official explanation for this free-fall is the USD will weaken as the Fed eases / prints. The mainstream thinking is that Japan and the Euro bloc are farther along in their socialization of debt (i.e. their central banks are monetizing fiscal deficits) and so the US will have to play catch-up, weakening the USD.
What could go wrong?
US-centric analysts forget the USD is the primary reserve currency and due to Triffin’s Paradox, it doesn’t just serve the US economy, it serves the global economy. You will never hear a Fed representative admit this publicly, because the PR / fantasy is that the Fed only cares about the American public (awww, gosh-darn it, aren’t they sweet?) and keeping inflation low and employment high.
In reality, the Fed’s core interests are enriching and protecting private banking globally, and maintaining U.S. global hegemony via a strong dollar. Recall that geopolitically, no empire ever got stronger by weakening its currency.
The Fed never addresses the USD’s global role and so conventional pundits ignore geopolitical forces: capital flows, the global need for dollars to service debt denominated in USD and reserves, etc.
Also recall that China pegs its currency to the US dollar, not the other way around. That alone tells you the role each currency plays in the global economy.
For the USD to weaken, the yen and the euro would need to significantly strengthen. But there’s a problem with this thesis.
Rather than being stronger, Japan and the EU are weaker than the US. Credit impulse is essentially zero in both Japan and the EU, both their banking sectors are insolvent, their economies have been stagnant for years (EU) or decades (Japan) and their demographic declines are accelerating. Both are export-dependent, an Achilles Heel as world trade / globalization enters a secular decline that could easily gather momentum.
The US needs capital flows into the US economy, so negative rates are a non-starter. Non-US borrowers have USD denominated debts of around $3 trillion, so demand for USD is not optional, it is a function of credit, commerce and reserves.
Simply put, the US is not about to sacrifice the euro-dollar / petro-dollar and its commercial hegemony just to satisfy domestic pleading for negative rates. Furthermore, Japan and Europe have proven that negative rates only weaken the private banking sector–the exact opposite of the Fed’s Prime Directive.
If the USD strengthens substantially, which it tends to do in crises, that will be very negative for equities. (No, no, no, the Fed has our backs! The Fed will never let my precious portfolio drop a single dollar!)
So sorry, but the Fed’s Prime Directives are not related to your portfolio at all. The Fed’s PR is all about domestic stocks, implicitly or explicitly, but when push comes to shove, your portfolio will be sacrificed without any hesitation to protect private banking and USD hegemony. The empire eats first, and only the tragically misguided believe US stocks are all that matters to the Fed.
2. The Fed’s easing, QE, etc. will spark a new round of credit expansion.
What could go wrong?
Credit expansion is on life support. There are very few investment opportunities, which is one reason why corporations have poured earnings into stock buybacks. The Fed can’t create low-risk, high-profit investment opportunities, not can it make poor credit risks into good credit risks.
Banks can’t afford to lend to insolvent households, zombie corporations or small businesses. The credit expansion impulse is impaired by the overhang of bad debt, excessive leverage, zombie corporations, etc. and there’s nothing the Fed can do about it. The Fed is pushing on a string.
Furthermore, the Fed is now encountering political resistance to its “enrich the wealthy and bail out zombie corporations” monetary policies. Its room to bail out the super-wealthy is increasingly constrained politically. The Fed is signaling that its focus is shifting from free money for financiers to funneling new money directly to households.
We are primarily funded by readers. Please subscribe and donate to support us!
3. The federal government will borrow and spend trillions, sparking renewed growth.
What could go wrong?
As noted, banks cannot lend to poor credit risks, nor can they force those who don’t want to borrow more to take on new loans. Federal spending doesn’t magically create good credit risks or well-collateralized creditors.
Small businesses cannot lower their fixed costs enough to survive, and many of these costs such as taxes and fees will be rising as cash-starved local governments seek more revenues.
The free money will flow not into productive investments but into demand for goods and services which are constrained by declines in trade, high fixed production costs, retirement of key workers, etc.
Inflation will leap, surprising everyone who believed the “low inflation forever” story. As inflation soars, the purchasing power of the federal spending will plummet accordingly.
As UBI, Fed helicopter money, etc. becomes institutionalized, the working poor will exit low-paying, high-stress jobs, creating labor shortages. Small business won’t be able to pay higher wages and survive, and low-margin corporations will be squeezed as well.
There’s much more in our discussion: What Could Go Wrong? (43 min. video)
My new book is available! A Hacker’s Teleology: Sharing the Wealth of Our Shrinking Planet 20% and 15% discounts (Kindle $7, print $17)
Read excerpts of the book for free (PDF).
The Story Behind the Book and the Introduction.
Recent Podcasts:
What Could Go Wrong? (43 minutes, with Gordon Long)
AxisOfEasy Salon #24: Itâ€™s Not a Conspiracy. Itâ€™s a Culture. (1 hr)
My COVID-19 Pandemic Posts
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(Kindle $5, print $10, audiobook) Read the first section for free (PDF).
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investmentwatchblog--2020-10-07--So No Stimulus Bill This Month … Really?

Less than 24 hours after beating the apparently wimpiest case of covid-19 ever , Donald Trump decided that his subjects ’ lives aren ’ t exciting enough .
So he called off Congressional talks on the latest stimulus bill .
There ’ s just one problem : Virtually everyone from small businesses , to renters , to mortgage holders , to airlines , to movie chains , to cruise lines , to growth stock money managers has been holding on by their fingernails , hoping for the infusion of newly created Fed cash that might buy them another few months @ @ @ @ @ @ @ evaporated .
Among the likely results : Plunging consumer spending .
Those $ 1,200 checks were nice , and those $ 600 weekly unemployment checks were even nicer .
But both have stopped coming and the money is gone .
In the past couple of months , increasingly desperate Americans have been dipping into savings to put food on the table and gas in the car .
Now that further help is definitely not on the way they ’ ll have to keep eating their already meager seed corn while cutting back on @ @ @ @ @ @ @ be bought , the economy will roll over , employment will plunge again and we ’ ll be back in that capital-D Depression we just crawled out of .
U.S. oil producers on pace for most bankruptcies since last oil downturn U.S. Commercial Bankruptcies up 33 % Year to Date These guys , among many others , need massive , targeted bailouts and they need them now .
After the election ( more realistically after several months of post-election turmoil ) will be too late .
Multi-thousand-worker layoff announcements will become a daily @ @ @ @ @ @ @ Residential real estate bust .
The end of mortgage and rent forbearance will cause an avalanche of defaults as homeowners can nether make their payments nor refinance , while renters can ’ t cover the rent that their landlords are now free to demand .
Speaking of landlords , rising defaults will send increasing numbers of them into defaults of their own .
Plunging stock prices .
The stock market has recently been playing a game with the Fed in which the Fed tries to tighten ( or at least stop easing ) @ @ @ @ @ @ @ Fed then capitulates and starts easing again , after which stocks resume their ascent of Bubble Mountain .
This time around stocks were rising on the very specific promise of a new batch of $ 1,200 checks being sent to Millennial Robinhood stock traders , who would immediately convert their windfall into Big Tech call options .
Take that away and the environment is suddenly hostile for stocks that recently exceeded dot-com era overvaluation levels .
Today ’ s 500-point reversal on the Dow when stimulus talks failed illustrates how fast and furious @ @ @ @ @ @ @ environment .
Oh , and don ’ t forget that it ’ s October , the month when , for some reason , huge crashes like to happen .
Of course everyone at the Fed , along with every politician up for re-election in November , knows all this and is absolutely terrified .
So we ’ re back to The Number , i.e.
, the amount by which stocks have to decline to turn fear into panic and generate the next big liquidity infusion .
It might come tomorrow .
It might @ @ @ @ @ @ @ depends on the amount of punishment the political/financial Establishment is willing to endure .
The one certainty is that no one with money at risk should even think of taking a vacation this month .

BY JOHN RUBINO
Less than 24 hours after beating the apparently wimpiest case of covid-19 ever, Donald Trump decided that his subjects’ lives aren’t exciting enough. So he called off Congressional talks on the latest stimulus bill.
Never a dull moment in pre-apocalypse America.
There’s just one problem: Virtually everyone from small businesses, to renters, to mortgage holders, to airlines, to movie chains, to cruise lines, to growth stock money managers has been holding on by their fingernails, hoping for the infusion of newly created Fed cash that might buy them another few months of normal life. Today that hope evaporated.
Among the likely results:
Plunging consumer spending. Those $1,200 checks were nice, and those $600 weekly unemployment checks were even nicer. But both have stopped coming and the money is gone. In the past couple of months, increasingly desperate Americans have been dipping into savings to put food on the table and gas in the car. Now that further help is definitely not on the way they’ll have to keep eating their already meager seed corn while cutting back on pretty much everything. Less stuff will be bought, the economy will roll over, employment will plunge again and we’ll be back in that capital-D Depression we just crawled out of.
Industry-wide bankruptcies. Some recent headlines reveal the hardest-hit sectors:
Regal Cinemas, the nation’s second-largest theater chain, to close
Airline Shares Dive As Trump Spikes Stimulus Talks
U.S. oil producers on pace for most bankruptcies since last oil downturn
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U.S. Commercial Bankruptcies up 33% Year to Date
These guys, among many others, need massive, targeted bailouts and they need them now. After the election (more realistically after several months of post-election turmoil) will be too late. Multi-thousand-worker layoff announcements will become a daily occurrence, as will high-profile failures.
Residential real estate bust. The end of mortgage and rent forbearance will cause an avalanche of defaults as homeowners can nether make their payments nor refinance, while renters can’t cover the rent that their landlords are now free to demand. Speaking of landlords, rising defaults will send increasing numbers of them into defaults of their own.
Plunging stock prices. The stock market has recently been playing a game with the Fed in which the Fed tries to tighten (or at least stop easing) and stocks respond by tanking. The Fed then capitulates and starts easing again, after which stocks resume their ascent of Bubble Mountain.
This time around stocks were rising on the very specific promise of a new batch of $1,200 checks being sent to Millennial gamers Robinhood stock traders, who would immediately convert their windfall into Big Tech call options. Take that away and the environment is suddenly hostile for stocks that recently exceeded dot-com era overvaluation levels. Today’s 500-point reversal on the Dow when stimulus talks failed illustrates how fast and furious the action might be in a non-bailout environment.
Oh, and don’t forget that it’s October, the month when, for some reason, huge crashes like to happen.
Of course everyone at the Fed, along with every politician up for re-election in November, knows all this and is absolutely terrified. So we’re back to The Number, i.e., the amount by which stocks have to decline to turn fear into panic and generate the next big liquidity infusion.
It might come tomorrow. It might come three weeks from now. Everything depends on the amount of punishment the political/financial Establishment is willing to endure.
The one certainty is that no one with money at risk should even think of taking a vacation this month.


investmentwatchblog--2020-10-07--How H-1B Visa abuse by tech companies affects Diversity and political censorship

Ex-Google TechLead explains how H-1B visa abuse by tech companies is tied into Diversity , ACA-5 and affirmative action , @ @ @ @

Ex-Google TechLead explains how H-1B visa abuse by tech companies is tied into Diversity, ACA-5 and affirmative action, and political censorship.
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investmentwatchblog--2020-10-07--How Facebook Censorship Works

How Facebook Censorship Works

On my Facebook page recently , I was alarmed to see a warning pop up : “ this information could @ @ @ @ @ also said it won ’ t show my video to most people !
What had @ @ @ @

On my Facebook page recently, I was alarmed to see a warning pop up: “this information could mislead people.” Facebook then also said it won’t show my video to most people!
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What had I done wrong?


investmentwatchblog--2020-10-07--Just a reminder that paper and cloth mask can NOT stop a virus. The only mask that can sometimes sto

Just a reminder that paper and cloth mask can NOT stop a virus. The only mask that can sometimes stop something as small as a virus is a N95.

This is legit the weirdest thing I have ever seen .
I ’ ve always known this because I have family with immune system deficiency .
It ’ s always been known that due to the size of a virus that cloth and paper can not stop something as small as a virus , not even a surgical mask which even the CDC site will tell you is to stop germs .
A virus can go right through even if a drop falls on your cloth mask .
The mind f**k the media has done on this entire thing is @ @ @ @ @ @ @ see how easily people were brainwashed by political theater .
The fact that some places made it law , full well knowing it can not actually stop a virus should concern you .
The best way to avoid getting it is social distancing and washing your hands with soap .
So what was the reason ?
Why mask mandate knowing they can ’ t actually stop it .
A test ?
If people so easily agree with this , even though factual information to the contrary is out there for anyone who looks @ @ @ @ @ @ @ ?

This is legit the weirdest thing I have ever seen. I’ve always known this because I have family with immune system deficiency. It’s always been known that due to the size of a virus that cloth and paper can not stop something as small as a virus, not even a surgical mask which even the CDC site will tell you is to stop germs. A virus can go right through even if a drop falls on your cloth mask.
www.cdc.gov/niosh/npptl/pdfs/UnderstandDifferenceInfographic-508.pdf
The mind f**k the media has done on this entire thing is crazy and it’s scary to see how easily people were brainwashed by political theater. The fact that some places made it law, full well knowing it can not actually stop a virus should concern you.
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The best way to avoid getting it is social distancing and washing your hands with soap.
So what was the reason? Why mask mandate knowing they can’t actually stop it. A test? If people so easily agree with this, even though factual information to the contrary is out there for anyone who looks, what eles would they willfully do?
h/t Typoqueen00


investmentwatchblog--2020-10-07--House Joins Senate In Requesting The FBI Open A CRIMINAL Investigation Into BIDEN

BREAKING : House investigators have now joined the Senate in requesting the FBI open a criminal investigation into possible foreign @ @ @ @ @ Biden and his younger brother and son based on suspicious financial activities flagged by US @

BREAKING: House investigators have now joined the Senate in requesting the FBI open a criminal investigation into possible foreign influence-peddling & embezzlement involving Joe Biden and his younger brother and son based on suspicious financial activities flagged by US Treasury
— Paul Sperry (@paulsperry_) October 6, 2020


investmentwatchblog--2020-10-07--NEW INVESTMENT RISKS REVEALED [derivatives compression] And The Next Gold Rush lynette zang

The OCC ( Office of the Comptroller of the Currency ) published its report on derivatives in the FDIC Insured @ @ @ @ @ to pay attention to this because many people rely on banks to hold our savings @ @ @ @ @ happens to our future security .
The “ Great Recession ” was caused by a @ @ @ @ @ ’ s speculative proprietary trading .
Dodd-Frank was supposed to eliminate this risk , but @ @ @ @ @ postponed and then systematically dismantled .
Rather , new accounting rules were implemented beginning in @ @ @ @ @ .
Initially , these accounting rules made the “ nominal value ” of derivatives decline @ @ @ @ @ this danger has escalated .

The OCC (Office of the Comptroller of the Currency) published its report on derivatives in the FDIC Insured banks. It is important to pay attention to this because many people rely on banks to hold our savings and therefore, determines what happens to our future security.
The “Great Recession” was caused by a derivative implosion driven by bank’s speculative proprietary trading. Dodd-Frank was supposed to eliminate this risk, but many of those rules were postponed and then systematically dismantled. Rather, new accounting rules were implemented beginning in 2013 that hid the risk. Initially, these accounting rules made the “nominal value” of derivatives decline, but in truth, this danger has escalated.
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www.itmtrading.com/blog/new-investment-risks-revealed-and-the-next-gold-rush-coming-by-lynette-zang/
h/t scholarandrogue


investmentwatchblog--2020-10-07--Stephen Miller just tested positive for COVID-19

NEW : Stephen Miller has tested positive for COVID , per senior administration official .
Adds Miller has been working @ @ @ @ @ , testing negative every day through yesterday , and is in quarantine after a positive @ @ @

NEW: Stephen Miller has tested positive for COVID, per senior administration official. Adds Miller has been working remotely for last 5 days, testing negative every day through yesterday, and is in quarantine after a positive test today.
— Hallie Jackson (@HallieJackson) October 6, 2020


investmentwatchblog--2020-10-07--If CNN is this pissed, then Trump must be doing something right!

Trump must be WAYYYYY ahead in the polls for this sort of tantrum .

Trump must be WAYYYYY ahead in the polls for this sort of tantrum.
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h/t Coppercoal


investmentwatchblog--2020-10-07--AMERICA 2020 – Cops arresting people praying outside. Looters and rioters free to roam

If you would have told me in 2019 that we were just 1 year away from Americans being ARRESTED for @ @ @ @ @ I would have thought you to be insane .
This is one of the most @ @ @ @ @ ever seen .
Pray for America.pic.twitter.com/ucauKApWPC

by loopdojo
If you would have told me in 2019 that we were just 1 year away from Americans being ARRESTED for holding outdoor church services, I would have thought you to be insane.
This is one of the most heartbreaking things I’ve ever seen. Pray for America.pic.twitter.com/ucauKApWPC
— Cliff Maloney (@LibertyCliff) September 24, 2020


investmentwatchblog--2020-10-07--Seems relevant. We need more understanding, less division.

Unconscious and confirmational biases are a real problem in the public square .
Let it be a constant reminder to @ @ @ @ @ care of your head .

Unconscious and confirmational biases are a real problem in the public square. Let it be a constant reminder to eat good thoughts and take care of your head.
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h/t allofusahab


investmentwatchblog--2020-10-07--Here comes the storm. It’s been out there for years. Connecting the dot’s using all MSM articles and

Here comes the storm. It’s been out there for years. Connecting the dot’s using all MSM articles and real wiki-leak emails.

In the next few weeks .
When liberals are like Obama was not a traitor .
Trump is making stuff @ @ @ @ @ the truth .
All out there for years..
Connecting the dots using all MSM articles @ @ @ @ @ .
t.co/ajrYlTCN5x

Aug 1, 2019
In the next few weeks. When liberals are like Obama was not a traitor. Trump is making stuff up. Remind them about the truth. All out there for years..
Connecting the dots using all MSM articles and real wiki leak emails. t.co/ajrYlTCN5x
— Shamrock_007 (@Shamrock00769) October 7, 2020


investmentwatchblog--2020-10-07--Masks & Elbows – End of Shaking Hands?

Masks & Elbows – End of Shaking Hands?

my bank – volksbank düsseldorf-neuss – canceled my current account because i refused to wear a mask in the anteroom of the branch where nobody else was !
I had my med .
certificate presented and therefore no mask worn .
i have been a customer and partner of the cooperative bank since 1977 and had also have my securities account with this institute for many years I as a dipl .
Kaufmann many trainees from the Düsseldorf banks and insurances informed and audited .
my objection has not yet been answered .
REPLY : This is really amazing .
@ @ @ @ @ @ @ refuse to wear a mask are being regarded as threats to the New Socialist Green Order .
There is now also a campaign to stop shaking hands and just bump elbows .
All of this for a claimed virus that is no more lethal than the flu .
This entire scheme is intended to reshape society for the anti-democratic movement they hope to put in place by 2024 .
The structure of the European Union is the model of the future .
It was deliberately designed to end democracy .
The European Commission @ @ @ @ @ @ @ NEVER stands for election .
The European Parliament is the show-piece and the only entity where people are elected , but can not overrule the Commission .
This is the very model they hope to put in place with the United Nations at the top .
You will have local elections only and they will have no power to resist the climate mandates from the United Nations in the very same structure that was used to create the Eurozone .
We are starting to witness this type of conduct from heads of state @ @ @ @ @ @ @ , and even Britain .

by Martin Armstrong
COMMENT: meine bank – volksbank düsseldorf-neuss – hat mir mein laufendes konto gekündigt,weil ich mich geweigert habe, eine maske zu tragen und zwar im
vorraum der filiale, wo sonst niemand war!
ich hatte mein med. attest vorgezeigt und daher keine maske getragen.
ich bin kunde und teilhaber der genossenschaftsbank seit 1977 und hatte
auch viele jahre mein wertpapierdepot bei diesem institut, ausserdem habe
ich als dipl. kaufmann viele auszubildenden der düsseldorfer banken und
versicherungen unterrichtet und geprüft.
mein einspruch wurde noch nicht beantwortet.
Translation:
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my bank – volksbank düsseldorf-neuss – canceled my current account because i refused to wear a mask in the
anteroom of the branch where nobody else was!
I had my med. certificate presented and therefore no mask worn.
i have been a customer and partner of the cooperative bank since 1977 and had
also have my securities account with this institute for many years
I as a dipl. Kaufmann many trainees from the Düsseldorf banks and
insurances informed and audited.
my objection has not yet been answered.
REPLY: This is really amazing. Based upon reliable sources, those who refuse to wear a mask are being regarded as threats to the New Socialist Green Order. There is now also a campaign to stop shaking hands and just bump elbows. All of this for a claimed virus that is no more lethal than the flu. This entire scheme is intended to reshape society for the anti-democratic movement they hope to put in place by 2024.
The structure of the European Union is the model of the future. It was deliberately designed to end democracy. The European Commission as well as the head of state NEVER stands for election. The European Parliament is the show-piece and the only entity where people are elected, but cannot overrule the Commission. This is the very model they hope to put in place with the United Nations at the top. You will have local elections only and they will have no power to resist the climate mandates from the United Nations in the very same structure that was used to create the Eurozone. We are starting to witness this type of conduct from heads of state from New Zealand, Australia, Canada, and even Britain.


investmentwatchblog--2020-10-07--International Tourism Collapses by 80%

International Tourism Collapses by 80%

International tourism has plunged it looks like coming in at around 80 % by the end of the year .
The UN World Tourism Organisation says it will drop at least 60 % .
The result of this has contributed to what we see as unemployment over 300 million worldwide .
This collapse in tourism is 100 % post-April 2020 .
This is going to contribute greatly to rising civil unrest next year globally .
The collapse in tourism has already put millions of workers out of work .
Those economies that have a high reliance on tourism like Greece @ @ @ @ @ @ @ in their GDP .
Thailand , for example , will see a fall beyond 90 % for the year ’ s total numbers .
Just from tourism which composes of airlines , hotels , travel agents , and restaurants , we are estimating a loss on a global scale between 100 to 120 million tourism jobs at risk of being lost permanently .
It has been international tourism that has been one of the main engines of the global economy which not only accounts for roughly 7 % of all international trade , @ @ @ @ @ @ @ by exposing people to all cultures .
Global tourism has also contributed to the aviation industry , which has simultaneously dropped sharply thanks to this deliberate global lockdown .
Tourism has been responsible for creating direct and indirect jobs , when looked at closely , actually has accounted for 1 out of 10 of ALL jobs worldwide .
After discussing with REAL SOURCES , the very proposal that lockdowns may be needed to save the planet since they have been able to reduce CO2 but cutting off international travel as well as commuting @ @ @ @ @ @ @ to use this virus which has NOT been any more lethal than the flu and has impacted the elderly as is the case with the flu to shut down the world economy and destroy its underpinnings to open the door for this Great Reset being pushed by Klau Schwab and his World Economic Forum .
When we look at American Airlines , for example , the two most important turning points will be the 1st quarter of 2021 and 2022 .
We would need a Quarterly closing back abobve $ 35.50 just to @ @ @ @ @ @ @ , as long as this low holds , we may be in for a fight against these people who are using the virus to lockdown the world economy to reduce CO2 .
Nevertheless , the number of Directional Changes appear to be confined to 2021 with volatility starting to rise going into 2022 .
We most certainly live in interesting times .

by Martin Armstrong
International tourism has plunged it looks like coming in at around 80% by the end of the year. The UN World Tourism Organisation says it will drop at least 60%. The result of this has contributed to what we see as unemployment over 300 million worldwide. This collapse in tourism is 100% post-April 2020. This is going to contribute greatly to rising civil unrest next year globally. The collapse in tourism has already put millions of workers out of work. Those economies that have a high reliance on tourism like Greece and Thailand will suffer a significant decline in their GDP. Thailand, for example, will see a fall beyond 90% for the year’s total numbers.
Just from tourism which composes of airlines, hotels, travel agents, and restaurants, we are estimating a loss on a global scale between 100 to 120 million tourism jobs at risk of being lost permanently. It has been international tourism that has been one of the main engines of the global economy which not only accounts for roughly 7% of all international trade, it has helped to create world peace by exposing people to all cultures. Global tourism has also contributed to the aviation industry, which has simultaneously dropped sharply thanks to this deliberate global lockdown. Tourism has been responsible for creating direct and indirect jobs, when looked at closely, actually has accounted for 1 out of 10 of ALL jobs worldwide.
We are primarily funded by readers. Please subscribe and donate to support us!
After discussing with REAL SOURCES, the very proposal that lockdowns may be needed to save the planet since they have been able to reduce CO2 but cutting off international travel as well as commuting. This has been a deliberate effort to use this virus which has NOT been any more lethal than the flu and has impacted the elderly as is the case with the flu to shut down the world economy and destroy its underpinnings to open the door for this Great Reset being pushed by Klau Schwab and his World Economic Forum.
When we look at American Airlines, for example, the two most important turning points will be the 1st quarter of 2021 and 2022. We would need a Quarterly closing back abobve $35.50 just to raise any hope of normalcy. Nevertheless, as long as this low holds, we may be in for a fight against these people who are using the virus to lockdown the world economy to reduce CO2. Nevertheless, the number of Directional Changes appear to be confined to 2021 with volatility starting to rise going into 2022.
We most certainly live in interesting times.


investmentwatchblog--2020-10-07--Kevin McCullough: I predicted Obama in 2006, then 2012, and I predicted within a half state the exac

Kevin McCullough: I predicted Obama in 2006, then 2012, and I predicted within a half state the exact map of 2016. This election isn’t hard.

I predicted Obama would beat Hillary and be President in 2009 , in a publicly published column in the winter @ @ @ @ @ within a half state the exact map of 2016 .

I predicted Obama would beat Hillary and be President in 2009, in a publicly published column in the winter of 2006.
I predicted Obama would defeat Romney in 2012.
I predicted within a half state the exact map of 2016.
This election isn’t hard. Trump wins. pic.twitter.com/rZ9LrrhFhd
— Kevin McCullough (@KMCRadio) October 6, 2020


investmentwatchblog--2020-10-07--Alt-Econ Index Shows Better Economic Recovery Than Economic Indices Show (Dow Up 350 Points, Yield C

Alt-Econ Index Shows Better Economic Recovery Than Economic Indices Show (Dow Up 350 Points, Yield Curve Returns To Same Level As Two Days Ago)

After a period of economic weakness in August and September , the pace of recovery in most advanced economies gained traction in the past two weeks , though activity is still far below pre-Covid levels , according to Bloomberg Economics gauges that integrate high-frequency data such as credit-card use , travel and location information .
Germany and Japan remain at the forefront of the recovery and activity has also increased in France , Italy , and Spain .
After months of stagnation , the U.S. is now seeing its recovery pace accelerate , while Canada and the U.K. are now @ @ @ @ @ @ @ .
The activity indexes are estimated using a dynamic factor model .
This methodology extracts an unobservable latent common factor of the underlying high-frequency data in the spirit of Stock and Watson .
The model is estimated with daily figures from Jan. 1 , 2020 to Oct. 6 , 2020 .
The high-frequency data we ’ re using have some obvious advantages — providing a more timely read than traditional data series .
But while the ALT index is showing recovery , also with the Atlanta Fed GDPNow Q3 Forecast of 35.2 % @ @ @ @ @ @ @ .
( Bloomberg ) — Federal Reserve Bank of Minneapolis President Neel Kashkari said more fiscal support was urgently needed to support the U.S. economic recovery , following President Donald Trump ’ s unilateral decision to halt talks for another round of aid .
“ Whatever Congress can do with the executive branch — come together aggressively to put money in the hands of people who have lost their jobs and to support small businesses so that we don ’ t have this continuing wave of bankruptcies across the economy — it ’ @ @ @ @ @ @ @ , whatever they do , ” Kashkari said in an interview Wednesday on CNBC .
Trump ’ s decision Tuesday to walk away from talks with Democrats amid differences over the size of another fiscal relief package — even though hours later he appeared to reverse course — likely ended the chances of a deal before the Nov. 3 election .
The president ’ s announcement followed a speech by Fed Chair Jerome Powell earlier in the day in which he made one of his strongest appeals to date on the need for @ @ @ @ @ @ @ ONLY ABOUT THE SIZE OF THE PACKAGE , BUT THE WAY FUNDS ARE DISTRIBUTED AND NEW VOTING RULES ENCOURAGING MORE EARLY VOTING AND MAIL-IN VOTING ) .
AND BAILOUTS FOR STATE WORKER PENSION FUNDS .
The Dow Jones Industrial Average rose this morning after yesterday ’ s beating in the afternoon .
The Treasury actives and dollar swaps curves are back to normal .
Apparently Pelosi and Mnuchin met this AM about a stand alone bill .

by confoundedinterest17
After a period of economic weakness in August and September, the pace of recovery in most advanced economies gained traction in the past two weeks, though activity is still far below pre-Covid levels, according to Bloomberg Economics gauges that integrate high-frequency data such as credit-card use, travel and location information. Germany and Japan remain at the forefront of the recovery and activity has also increased in France, Italy, and Spain. After months of stagnation, the U.S. is now seeing its recovery pace accelerate, while Canada and the U.K. are now the worst-performing advanced economies BE is tracking.
The activity indexes are estimated using a dynamic factor model. This methodology extracts an unobservable latent common factor of the underlying high-frequency data in the spirit of Stock and Watson. The model is estimated with daily figures from Jan. 1, 2020 to Oct. 6, 2020.
The high-frequency data we’re using have some obvious advantages — providing a more timely read than traditional data series.
But while the ALT index is showing recovery, also with the Atlanta Fed GDPNow Q3 Forecast of 35.2%, Neel Kashkari argues for MORE stimulus.
(Bloomberg) — Federal Reserve Bank of Minneapolis President Neel Kashkari said more fiscal support was urgently needed to support the U.S. economic recovery, following President Donald Trump’s unilateral decision to halt talks for another round of aid.
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“Whatever Congress can do with the executive branch — come together aggressively to put money in the hands of people who have lost their jobs and to support small businesses so that we don’t have this continuing wave of bankruptcies across the economy — it’s just vital that they move quickly, whatever they do,” Kashkari said in an interview Wednesday on CNBC.
Trump’s decision Tuesday to walk away from talks with Democrats amid differences over the size of another fiscal relief package — even though hours later he appeared to reverse course — likely ended the chances of a deal before the Nov. 3 election. The president’s announcement followed a speech by Fed Chair Jerome Powell earlier in the day in which he made one of his strongest appeals to date on the need for lawmakers to do more. (NOT ONLY ABOUT THE SIZE OF THE PACKAGE, BUT THE WAY FUNDS ARE DISTRIBUTED AND NEW VOTING RULES ENCOURAGING MORE EARLY VOTING AND MAIL-IN VOTING). AND BAILOUTS FOR STATE WORKER PENSION FUNDS.
The Dow Jones Industrial Average rose this morning after yesterday’s beating in the afternoon.
The Treasury actives and dollar swaps curves are back to normal.
Apparently Pelosi and Mnuchin met this AM about a stand alone bill.


investmentwatchblog--2020-10-07--US National Debt Explodes As Federal Fiscal Stimulus Hopes Implode

Trump temporarily dashes stimulus hopes .
National debt tops $ 27 Trillion .
Trade deficit in manufactured goods hits all @ @ @ @ @ Powell either doesn ’ t understand the economy or is a liar .
Lower-skilled government @ @ @ @ @ pensions paid for by private sector .
Donald Trump condemns white supremacy , but Joe @ @ @ @ @ Socialism .

by Peter Schiff of Peter Schiff Podcast
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Trump temporarily dashes stimulus hopes.
National debt tops $27 Trillion.
Trade deficit in manufactured goods hits all time record high.
Jerome Powell either doesn’t understand the economy or is a liar.
Lower-skilled government workers retiring with multimillion dollar pensions paid for by private sector.
Donald Trump condemns white supremacy, but Joe Biden won’t condemn Socialism.


investmentwatchblog--2020-10-07--The One Assured Outcome of the Election

The One Assured Outcome of the Election

Ever since the crash of 2008 , a trend has developed in U.S. election debate : the near complete avoidance of serious discussion about the economy .
Ron Paul was the last candidate to attack the subject with any energy , and that was quite a while ago now .
The economic decline of our nation is being aggressively ignored , even though it is the most important issue of the past century .
For example , talk about the actions of the Federal Reserve over the past decade has fallen off the radar .
Both sides of the aisle @ @ @ @ @ @ @ happy to let the central bank print the dollar into oblivion .
Both sides have mentioned little or nothing about the current stagflationary wave hitting the country , causing price inflation in many necessities , from food to electricity to rent ( except for certain major cities where no one want to live right now ) .
And all examination of globalism and forced interdependency has ceased , even though global interdependency in manufacturing is one of the major causes of supply chain shortages and price inflation right now .
The real unemployment @ @ @ @ @ @ @ % when accounting for U-6 measurements .
While some jobs have been recovered from the initial COVID lockdown , most of these are part-time , low-wage retail and fast food jobs .
The question that might arise during the election is : Which side is more likely to keep the lockdowns going despite the economic disaster they are helping to cause ?
That award obviously goes to Biden , though the President continues to leave lockdown decisions to state governments , which means they will probably remain an issue regardless of the election @ @ @ @ @ @ @ decimated by the “ Retail Apocalypse ” , which started in 2018 and has hit critical mass in 2020 during the lockdowns .
Yelp data recently showed that 60 % of small business closures due to the coronavirus are now permanent ; that ’ s over 97,000 businesses gone in the blink of an eye .
This showcases and proves that the small business bailouts were a complete failure .
That ’ s what happens when you put global banks like J.P. Morgan in charge of which businesses get bailout dollars and which @ @ @ @ @ @ @ to the 25,000 major retail stores set to close so far in 2020 and one can see that this is a very real crisis that could have repercussions for decades to come , but almost no one is talking about it .
Debate about the trade war with China has also taken a back seat to the pandemic , though the trade war continues and many tariffs remain in place .
Both Trump and Biden have indicated that there will be no change to the trade war posture of the U.S. post-election , @ @ @ @ @ @ @ increase .
While China is one of the worst human rights violators on the planet and , in my opinion , their communist government should be erased from existence , there is a little issue of debt and monetary investment that , again , no one is talking about .
China not only has the ability to dump trillions in U.S. Treasuries back on the market , but it also has the option of dumping the U.S. dollar as the world reserve currency .
As the number one exporter/importer in the world , @ @ @ @ @ @ @ U.S. if they drop the dollar and their trade partners follow their lead .
I believe this threat will become clearer in 2021 , after the election is over .
The problem of U.S. dependency on Chinese manufacturing has been mentioned during the campaign , but merely in passing .
No serious plan to bring production back to the U.S. has been presented by either side , and this seems to be the predictable narrative of every election for the past 12 years : Use buzzwords on the economy to pretend as if @ @ @ @ @ @ @ plan for solving the underlying problems .
Tax cuts or tax increases are irrelevant and do nothing beyond causing minor short-term shifts in cash flows .
The very root of the U.S. financial system ( and the global financial system ) is rotten , and NOTHING is being done about it by either political party .
There needs to be a reckoning , and certain figures within the money and banking structure need to answer for their criminality .
International banks like Goldman Sachs and J.P. Morgan contributed directly to the creation of @ @ @ @ @ @ @ , and they did so with full knowledge that the derivatives bubble was about to collapse .
Yet , to this day , they continue to operate with impunity around the world and offer “ advice ” to investors and governments on economic management .
To this day , they continue to enjoy bailout dollars from the Fed , and when they are exposed for fraud , they simply get a slap on the wrist and a fine .
The outcome of all this is rather predictable : Small businesses are going to @ @ @ @ @ @ @ the localized economy in the U.S. is going to be destroyed .
International corporations , the only businesses enjoying reliable protection from the Fed , will remain as the only game left in town .
It is almost as if the economy is being forcefully streamlined into a global centralized model with the major corporations at the helm .
For those people who put a lot of stock in elections , I think it is important for them to remember that very little of actual importance changes in the course of political events @ @ @ @ @ @ @ or presidents ; problems are always solved by the people , if they get solved at all .
This means that the ongoing downtrend in the U.S. economy is assured even after the 2020 election , and no matter who ends up in the White House , the crash will likely accelerate because the causes of the crash are never dealt with .
Fundamentally , local production and trade is the key to saving America .
This is how America ’ s economy was able to survive and thrive at the formation of @ @ @ @ @ @ @ sense to return to a free market model that was proven to work .
If major manufacturing is ever going to return to the U.S. , companies need to be incentivized .
Why are corporations enjoying lavish tax cuts without having to give anything in return ?
Shouldn ’ t tax cuts come with strings attached , such as a requirement that they bring home a large portion of their factory base to U.S. soil ?
Decentralization means more than just moving away from globalism ; it also means that each and every @ @ @ @ @ @ @ its own production model .
Instead of trading our wealth and work to international companies that siphon dollars away from our communities , we need to develop our own local trade and keep at least a fair portion of those dollars circulating in our own towns and neighborhoods .
We also need to start focusing on necessities and being able to provide for ourselves in the event that the international supply chain breaks even further .
The elections do not , and probably will not , address any of the issues I describe @ @ @ @ @ @ @ distracts away from legitimate dangers .
Elections are meant to control narrative , not give the public a voice .
By all means , vote for whoever you like , just keep in mind that our duty as Americans does not stop at the voting booth ; it is our job to fix this country .
The politicians are irrelevant .
Brandon Smith has been an alternative economic and geopolitical analyst since 2006 and is the founder of Alt-Market.com .

From Brandon Smith
Ever since the crash of 2008, a trend has developed in U.S. election debate: the near complete avoidance of serious discussion about the economy. Ron Paul was the last candidate to attack the subject with any energy, and that was quite a while ago now. The economic decline of our nation is being aggressively ignored, even though it is the most important issue of the past century.
For example, talk about the actions of the Federal Reserve over the past decade has fallen off the radar. Both sides of the aisle love the Fed and both sides are happy to let the central bank print the dollar into oblivion. Both sides have mentioned little or nothing about the current stagflationary wave hitting the country, causing price inflation in many necessities, from food to electricity to rent (except for certain major cities where no one want to live right now). And all examination of globalism and forced interdependency has ceased, even though global interdependency in manufacturing is one of the major causes of supply chain shortages and price inflation right now.
The real unemployment rate remains high, holding at 26.9% when accounting for U-6 measurements. While some jobs have been recovered from the initial COVID lockdown, most of these are part-time, low-wage retail and fast food jobs. The question that might arise during the election is: Which side is more likely to keep the lockdowns going despite the economic disaster they are helping to cause? That award obviously goes to Biden, though the President continues to leave lockdown decisions to state governments, which means they will probably remain an issue regardless of the election outcome.
The small business sector was decimated by the “Retail Apocalypse”, which started in 2018 and has hit critical mass in 2020 during the lockdowns. Yelp data recently showed that 60% of small business closures due to the coronavirus are now permanent; that’s over 97,000 businesses gone in the blink of an eye. This showcases and proves that the small business bailouts were a complete failure. That’s what happens when you put global banks like J.P. Morgan in charge of which businesses get bailout dollars and which businesses don’t.
Add this to the 25,000 major retail stores set to close so far in 2020 and one can see that this is a very real crisis that could have repercussions for decades to come, but almost no one is talking about it.
Debate about the trade war with China has also taken a back seat to the pandemic, though the trade war continues and many tariffs remain in place. Both Trump and Biden have indicated that there will be no change to the trade war posture of the U.S. post-election, and so tensions with China will only increase. While China is one of the worst human rights violators on the planet and, in my opinion, their communist government should be erased from existence, there is a little issue of debt and monetary investment that, again, no one is talking about.
China not only has the ability to dump trillions in U.S. Treasuries back on the market, but it also has the option of dumping the U.S. dollar as the world reserve currency. As the number one exporter/importer in the world, China could cause significant damage to the U.S. if they drop the dollar and their trade partners follow their lead. I believe this threat will become clearer in 2021, after the election is over.
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The problem of U.S. dependency on Chinese manufacturing has been mentioned during the campaign, but merely in passing. No serious plan to bring production back to the U.S. has been presented by either side, and this seems to be the predictable narrative of every election for the past 12 years: Use buzzwords on the economy to pretend as if candidates care while never offering a practical plan for solving the underlying problems.
Tax cuts or tax increases are irrelevant and do nothing beyond causing minor short-term shifts in cash flows. The very root of the U.S. financial system (and the global financial system) is rotten, and NOTHING is being done about it by either political party.
There needs to be a reckoning, and certain figures within the money and banking structure need to answer for their criminality. International banks like Goldman Sachs and J.P. Morgan contributed directly to the creation of the mortgage and credit crisis of 2008, and they did so with full knowledge that the derivatives bubble was about to collapse. Yet, to this day, they continue to operate with impunity around the world and offer “advice” to investors and governments on economic management. To this day, they continue to enjoy bailout dollars from the Fed, and when they are exposed for fraud, they simply get a slap on the wrist and a fine.
The outcome of all this is rather predictable: Small businesses are going to disappear and what’s left of the localized economy in the U.S. is going to be destroyed. International corporations, the only businesses enjoying reliable protection from the Fed, will remain as the only game left in town. It is almost as if the economy is being forcefully streamlined into a global centralized model with the major corporations at the helm.
For those people who put a lot of stock in elections, I think it is important for them to remember that very little of actual importance changes in the course of political events. Problems are not solved by politicians or presidents; problems are always solved by the people, if they get solved at all.
This means that the ongoing downtrend in the U.S. economy is assured even after the 2020 election, and no matter who ends up in the White House, the crash will likely accelerate because the causes of the crash are never dealt with. Fundamentally, local production and trade is the key to saving America. This is how America’s economy was able to survive and thrive at the formation of our system, and it only makes sense to return to a free market model that was proven to work.
If major manufacturing is ever going to return to the U.S., companies need to be incentivized. Why are corporations enjoying lavish tax cuts without having to give anything in return? Shouldn’t tax cuts come with strings attached, such as a requirement that they bring home a large portion of their factory base to U.S. soil?
Decentralization means more than just moving away from globalism; it also means that each and every community has to pursue self-reliance and establish its own production model. Instead of trading our wealth and work to international companies that siphon dollars away from our communities, we need to develop our own local trade and keep at least a fair portion of those dollars circulating in our own towns and neighborhoods. We also need to start focusing on necessities and being able to provide for ourselves in the event that the international supply chain breaks even further.
The elections do not, and probably will not, address any of the issues I describe above because they are a circus that distracts away from legitimate dangers. Elections are meant to control narrative, not give the public a voice. By all means, vote for whoever you like, just keep in mind that our duty as Americans does not stop at the voting booth; it is our job to fix this country. The politicians are irrelevant.
Brandon Smith has been an alternative economic and geopolitical analyst since 2006 and is the founder of Alt-Market.com.


investmentwatchblog--2020-10-07--Brennan Confirmed RussiaGate was Created by Hillary

The amount of information coming out about this entire Soft Coup against Trump and how Hillary Clinton manufactured everything to distract people from the destroyed emails which were all obviously incriminating as all these foreign governments suddenly contributed to the Clinton Foundation , but then cut off all funding as soon as she lost the election .
In all honesty , I have never witnessed such a vile public official as Hillary .
Now the Director of National Intelligence John Ratcliffe , declassified several documents , including handwritten notes from former CIA John Brennan he made just after he briefed @ @ @ @ @ @ @ by Hillary Clinton win the election by making up the entire RussiaGate scenario and paying for the Steele dossier to undermine Donald Trump using Russia as “ a means of distracting the public from her use of a private email server ” going into the 2016 US election .
We now know that John Brenan misled Congress and the American public that there was sufficient evidence to investigate Trump ’ s campaign .
He kept avoiding the question saying he had no knowledge that collusion or conspiracy actually existed .
The BBC headline @ @ @ @ @ @ @ Brennan says Trump-Russia inquiry ‘ well-founded ’ ” I have stated that one of my lawyers , Scot Balber , was even at the famous Trump Tower Meeting with Russian briefing Trump on the Magnitsky Act .
I have stated previously , there was absolutely NO REASON for Putin to have killed Magnitsky .
All the evidence points to non-Russian sources to cover up the entire conspiracy to overthrow Yeltsin and takeover Russia by installing Berezovsky .
I have stated that I was asked to invest $ 10 billion into Hermitage Capital by @ @ @ @ @ @ @ worked for Safra .
Safra was most likely killed by Putin in retaliation for the 2000 failed attempt to blackmail Yeltsin and take over Russia with the blessing of Hillary .
Safra was killed on December 3rd , 1999 and they filed the motion to imprison me on contempt of court one week later and kept me there for 7 years on a statutory maximum sentence of 18 months ( 28 USC 1826 ) .
And by the way , it was James Comey who approved keeping me in prison for 7 years @ @ @ @ @ @ @ any of this story from surfacing .
It suffices it to say that I have had a front-row seat to this conspiracy against the people and Trump with all the main actors .
There is FAR MORE to this plot than perhaps those in power or the media have been willing to admit that it was NOT Russians interfering into the 2016 election which was a Hillary Hoax , but it was Hillary ’ s alleged approving of the bankers ’ blackmail of Yeltsin to take over Russia .
That is why Putin @ @ @ @ @ @ @ to Russia to interview anyone he wanted if Putin could do the same .
It was Chuck Schumer & John McCain , Hillary ’ s friend , who then immediately passed a motion to prevent Putin from questioning any American .
The media has always supported Hillary and the fake intelligence because they too have been part of Hillary ’ s plan .
Schumer should now be deposed .
I have stated before , that to make the movie the Forecaster , which was organized by German TV , there had to be @ @ @ @ @ @ @ of London provided that insurance but NOT until I had to supply all the documentation to support all the allegations .
Despite all that , the US government was offered to appear to give their side .
They DECLINED to appear in the film .
Everything I was aware of behind the curtain involving this clandestine attempt to takeover Russia is starting to come out .
The truth ALWAYS surfaces .

by Martin Armstrong
The amount of information coming out about this entire Soft Coup against Trump and how Hillary Clinton manufactured everything to distract people from the destroyed emails which were all obviously incriminating as all these foreign governments suddenly contributed to the Clinton Foundation, but then cut off all funding as soon as she lost the election. In all honesty, I have never witnessed such a vile public official as Hillary.
Now the Director of National Intelligence John Ratcliffe, declassified several documents, including handwritten notes from former CIA John Brennan he made just after he briefed former President Obama on an alleged plot by Hillary Clinton win the election by making up the entire RussiaGate scenario and paying for the Steele dossier to undermine Donald Trump using Russia as “a means of distracting the public from her use of a private email server” going into the 2016 US election.
We now know that John Brenan misled Congress and the American public that there was sufficient evidence to investigate Trump’s campaign. He kept avoiding the question saying he had no knowledge that collusion or conspiracy actually existed. The BBC headline back in 2017: “Ex-CIA chief Brennan says Trump-Russia inquiry ‘well-founded’”
I have stated that one of my lawyers, Scot Balber, was even at the famous Trump Tower Meeting with Russian briefing Trump on the Magnitsky Act. I have stated previously, there was absolutely NO REASON for Putin to have killed Magnitsky. All the evidence points to non-Russian sources to cover up the entire conspiracy to overthrow Yeltsin and takeover Russia by installing Berezovsky.
We are primarily funded by readers. Please subscribe and donate to support us!
I have stated that I was asked to invest $10 billion into Hermitage Capital by Dov Schlein of Republic National Bank who worked for Safra. Safra was most likely killed by Putin in retaliation for the 2000 failed attempt to blackmail Yeltsin and take over Russia with the blessing of Hillary. Safra was killed on December 3rd, 1999 and they filed the motion to imprison me on contempt of court one week later and kept me there for 7 years on a statutory maximum sentence of 18 months (28 USC 1826).
And by the way, it was James Comey who approved keeping me in prison for 7 years on civil contempt of court to prevent any of this story from surfacing. It suffices it to say that I have had a front-row seat to this conspiracy against the people and Trump with all the main actors.
There is FAR MORE to this plot than perhaps those in power or the media have been willing to admit that it was NOT Russians interfering into the 2016 election which was a Hillary Hoax, but it was Hillary’s alleged approving of the bankers’ blackmail of Yeltsin to take over Russia. That is why Putin told Mueller he was welcome to come to Russia to interview anyone he wanted if Putin could do the same. It was Chuck Schumer & John McCain, Hillary’s friend, who then immediately passed a motion to prevent Putin from questioning any American. The media has always supported Hillary and the fake intelligence because they too have been part of Hillary’s plan. Schumer should now be deposed.
I have stated before, that to make the movie the Forecaster, which was organized by German TV, there had to be insurance against slander and libel. Lloyds of London provided that insurance but NOT until I had to supply all the documentation to support all the allegations. Despite all that, the US government was offered to appear to give their side. They DECLINED to appear in the film. Everything I was aware of behind the curtain involving this clandestine attempt to takeover Russia is starting to come out. The truth ALWAYS surfaces.


investmentwatchblog--2020-10-07--Trump: Dems want to shut your churches down, permanently. Hope you see what is happening.

DEMS WANT TO SHUT YOUR CHURCHES DOWN , PERMANENTLY .
HOPE YOU SEE WHAT IS HAPPENING .
VOTE NOW !
@

DEMS WANT TO SHUT YOUR CHURCHES DOWN, PERMANENTLY. HOPE YOU SEE WHAT IS HAPPENING. VOTE NOW! t.co/dqvqz6b1WD
— Donald J. Trump (@realDonaldTrump) October 7, 2020