investmentwatchblog--2020-03-30--Governments Can’t Fix This Economic Crisis They Caused

Before analyzing the emergency plans that the global economy needs , we must remember that , as in the past , the prudence and responsibility of the civil society and businesses will help us to get out of this crisis .
In the face of an unprecedented crisis , we have to be realistic , responsible and cautious .
This is a supply shock added to a mandatory shutdown of the economy .
As such , a serious response must be supply-side driven .
It is ludicrous to try to stimulate demand with printed money and public spending in a @ @ @ @ @ @ @ not drive supply up , even may drive it down .
A mandatory shutdown due to a supply shock is not solved with government spending or demand-side measures .
Printing money and lowering rates help the already indebted and governments with already historic-low bond yields , deficits are already going to soar due to automatic stabilizers .
Governments that overspent in growth times , massively increased debt and ignored the pandemic risks only to then create a widespread lockdown can not present themselves as the solution .
Small and medium enterprises do not @ @ @ @ @ @ @ because this is not a demand problem , the shutdown is imposed by law due to a health epidemic that lawmakers preferred to ignore .
We can not fall into the trap of believing that what the economy needs is more monetary easing when it fails , and if it does not work then we must try even more monetary insanity .
Monetary insanity is not the solution to monetary excess and lunacy .
It is our duty to warn of the risks of falling into irresponsible optimism , precisely so that we @ @ @ @ @ @ @ and better .
What Recovery Will There Be ?
Estimates of economic growth are plummeting at breakneck speed .
The closure , albeit temporary , of economic activity , transport and trade , will mean an inevitable recession .
The biggest mistake policymakers can make is to believe in a V-shaped recovery .
All governments should prepare for an L-shaped recovery .
If I am wrong , economies will be stronger anyway , but if I am right , massive stimulus implemented only three weeks after a market all-time high and immense deficit @ @ @ @ @ @ @ a pandemic crisis will cripple the economy to an irreparable situation .
Leading economies have a great capacity to face a shock like this .
This is not the case in Italy or Spain .
Calculations for the United States indicate that unemployment will skyrocket to 6.5 percent , in the case of the United Kingdom to 7 percent and in Germany to 6 percent .
In weak and highly intervened economies , the combination of already high unemployment , high debt , and high government spending can lead to a Greece-style crisis @ @ @ @ @ @ @ shutdown come from more government intervention .
In the eurozone , most of the plans announced by governments are based on three important flaws : Ignore that many countries were already close to a recession in 2019 , assume a low-impact parenthesis and estimate a rapid and exponential recovery that will inflict no real damage on employment or public and private accounts .
In the eurozone , Germany , France , Italy , and Spain ’ s fourth-quarter GDP already reflected a significant slowdown , so the European Commission , ECB and governments @ @ @ @ @ @ @ : that the problem we are facing is one of demand and access to credit and not of sales collapse due to an imposed lockdown , with an accumulation of tax liabilities and fixed costs .
The United States must avoid making the mistakes that the eurozone nations are already starting to make .
European governments are unwillingly creating a worse long-term impact on the economy by giving citizens unrealistic small doses of negative information and extending lockdowns in fifteen days periods .
This is leading to massive cash flow problems all over @ @ @ @ @ @ @ support mechanisms only last for a few days while the extension of losses destroys cash flow and balance sheets .
Businesses are seeing current invoices delayed or unpaid while orders for November and December are being canceled .
The vast majority of companies do not face a problem of access to credit ( there is ample liquidity and credit supply on solvent demand and at very low rates ) , they face complete closure and layoffs due to cessation of activity .
Zero income , but fixed costs and accumulated taxes .
Many @ @ @ @ @ @ @ or provide loans doesn ’ t solve anything .
Most businesses problem is not one of loan guarantees , but of the impossibility of requesting a loan .
We are not in a crisis due to lack of access to credit , but rather a crisis due to the disappearance of activity .
Governments expect banks to provide massive relief through more loans , ignoring the fact that banks in the eurozone still have billions of nonperforming loans and face a massive increase in delinquencies in Europe but also in their growth subsidiaries @ @ @ @ @ @ @ .
Banks are going to face an increase in default on existing assets both in Europe and abroad .
Banks can cope with this situation and they have done it well , but they are not going to be able to increase risk by tens of billions while helping their current clients to come out of the crisis Most European governments assume a balance sheet strength in private agents that is neither evident in large companies nor is it existent in SMEs ( small and medium companies ) .
Additionally , Europe ’ @ @ @ @ @ @ @ of indebtedness , although it has decreased admirably in recent years .
Net debt to EBITDA in nonfinancial companies is already likely to soar due to the downgrades in earnings and cash flow .
Credit , liquidity and short-term aid measures are suitable for those who would have survived anyway before these new central bank and government measures .
Liquidity was immense , rates were low and the banks did everything possible to lend .
The losers from this crisis will likely be those who have done their homework and live month by @ @ @ @ @ @ @ a loan and without muscle to face months of zero income .
And those , the ones who are going to suffer the most these months , were already drowned in taxes last year .
Governments are already going to consume all the fiscal space they have and more .
The idea is that this enormous liquidity at negative real rates may be used for something effective for once , not to increase structural imbalances in current spending .
This is not asking the state to intervene , it is asking the government @ @ @ @ @ @ @ the tax burden machine during an unprecedented business cataclysm , and unite in responsibility and austerity with those who are fighting every day to survive .
If governments and central banks decide to multiply the previous mistakes adding larger ones , like direct monetization of spending or helicopter money , they will add a monetary crisis to a mandatory supply shock .
A mistake is not corrected doing the same but more aggressively .
We must ask the government to stop intervening so much , not to exploit an unprecedented business cataclysm to @ @ @ @ @ @ @ maintaining the few tax revenues they can scratch from the wreckage they will jeopardize the receipts of 2020 and those of 2021 and 2022 , because of the massive increase in unemployment and closure of businesses .
Keeping the tax wedge system in a crisis of this magnitude generates a double negative .
The domino of business failures and job losses will take years to recover , and with it , tax bases and receipts .
Second , the potential growth is curtailed because of disproportionately high regulatory taxation , making it even @ @ @ @ @ @ @ that could come after the recovery .
A widespread economic closure shock is not solved with demand measures or using the private sector balance sheet to add debt and accumulate risk , but with urgent supply measures that respond to the reality of businesses and , with them , of workers and families .
The US and the world will rise from this crisis .
What the government has to do is allow it .
The government is there to facilitate , not to pick winners and losers .
Daniel Lacalle has a @ @ @ @ @ @ @ Escape from the Central Bank Trap , Life in the Financial Markets , and The Energy World Is Flat .

by Daniel Lacalle via Mises Wire
Before analyzing the emergency plans that the global economy needs, we must remember that, as in the past, the prudence and responsibility of the civil society and businesses will help us to get out of this crisis .
In the face of an unprecedented crisis, we have to be realistic, responsible and cautious.
This is a supply shock added to a mandatory shutdown of the economy. As such, a serious response must be supply-side driven. It is ludicrous to try to stimulate demand with printed money and public spending in a forced lockdown where any extra demand will not drive supply up, even may drive it down.
A mandatory shutdown due to a supply shock is not solved with government spending or demand-side measures. Printing money and lowering rates help the already indebted and governments with already historic-low bond yields, deficits are already going to soar due to automatic stabilizers.
Governments that overspent in growth times, massively increased debt and ignored the pandemic risks only to then create a widespread lockdown cannot present themselves as the solution.
Small and medium enterprises do not need a government to incentivize demand, because this is not a demand problem, the shutdown is imposed by law due to a health epidemic that lawmakers preferred to ignore.
We cannot fall into the trap of believing that what the economy needs is more monetary easing when it fails, and if it does not work then we must try even more monetary insanity.
Monetary insanity is not the solution to monetary excess and lunacy.
It is our duty to warn of the risks of falling into irresponsible optimism, precisely so that we can get out of this crisis sooner and better.
What Recovery Will There Be?
Estimates of economic growth are plummeting at breakneck speed . The closure, albeit temporary, of economic activity, transport and trade, will mean an inevitable recession. The biggest mistake policymakers can make is to believe in a V-shaped recovery. All governments should prepare for an L-shaped recovery. If I am wrong, economies will be stronger anyway, but if I am right, massive stimulus implemented only three weeks after a market all-time high and immense deficit spending policies at the very beginning of a pandemic crisis will cripple the economy to an irreparable situation.
Leading economies have a great capacity to face a shock like this. This is not the case in Italy or Spain. Calculations for the United States indicate that unemployment will skyrocket to 6.5 percent, in the case of the United Kingdom to 7 percent and in Germany to 6 percent. In weak and highly intervened economies, the combination of already high unemployment, high debt, and high government spending can lead to a Greece-style crisis when the measures to address a forced shutdown come from more government intervention.
In the eurozone, most of the plans announced by governments are based on three important flaws: Ignore that many countries were already close to a recession in 2019, assume a low-impact parenthesis and estimate a rapid and exponential recovery that will inflict no real damage on employment or public and private accounts.
In the eurozone, Germany, France, Italy, and Spain’s fourth-quarter GDP already reflected a significant slowdown, so the European Commission, ECB and governments’ responses start from the wrong diagnosis: that the problem we are facing is one of demand and access to credit and not of sales collapse due to an imposed lockdown, with an accumulation of tax liabilities and fixed costs.
The United States must avoid making the mistakes that the eurozone nations are already starting to make.
Deadlines
European governments are unwillingly creating a worse long-term impact on the economy by giving citizens unrealistic small doses of negative information and extending lockdowns in fifteen days periods. This is leading to massive cash flow problems all over the economy because businesses find that the support mechanisms only last for a few days while the extension of losses destroys cash flow and balance sheets. Businesses are seeing current invoices delayed or unpaid while orders for November and December are being canceled.
The vast majority of companies do not face a problem of access to credit (there is ample liquidity and credit supply on solvent demand and at very low rates), they face complete closure and layoffs due to cessation of activity. Zero income, but fixed costs and accumulated taxes. Many businesses will find that delaying tax payments or provide loans doesn’t solve anything.
We are primarily funded by readers. Please subscribe and donate to support us!
Most businesses problem is not one of loan guarantees, but of the impossibility of requesting a loan. We are not in a crisis due to lack of access to credit, but rather a crisis due to the disappearance of activity.
The Private Contribution
Governments expect banks to provide massive relief through more loans, ignoring the fact that banks in the eurozone still have billions of nonperforming loans and face a massive increase in delinquencies in Europe but also in their growth subsidiaries, mostly in Latin America and Asia.
Banks are going to face an increase in default on existing assets both in Europe and abroad. Banks can cope with this situation and they have done it well, but they are not going to be able to increase risk by tens of billions while helping their current clients to come out of the crisis Most European governments assume a balance sheet strength in private agents that is neither evident in large companies nor is it existent in SMEs (small and medium companies).
Additionally, Europe’s large companies already have high levels of indebtedness, although it has decreased admirably in recent years. Net debt to EBITDA in nonfinancial companies is already likely to soar due to the downgrades in earnings and cash flow.
Credit, liquidity and short-term aid measures are suitable for those who would have survived anyway before these new central bank and government measures. Liquidity was immense, rates were low and the banks did everything possible to lend.
The losers from this crisis will likely be those who have done their homework and live month by month, without large assets to cover a loan and without muscle to face months of zero income. And those, the ones who are going to suffer the most these months, were already drowned in taxes last year.
Governments are already going to consume all the fiscal space they have and more. The idea is that this enormous liquidity at negative real rates may be used for something effective for once, not to increase structural imbalances in current spending.
This is not asking the state to intervene, it is asking the government to stop intervening so much, stop the tax burden machine during an unprecedented business cataclysm, and unite in responsibility and austerity with those who are fighting every day to survive.
If governments and central banks decide to multiply the previous mistakes adding larger ones, like direct monetization of spending or helicopter money, they will add a monetary crisis to a mandatory supply shock. A mistake is not corrected doing the same but more aggressively.
We must ask the government to stop intervening so much, not to exploit an unprecedented business cataclysm to increase interventionism.
If governments insist on maintaining the few tax revenues they can scratch from the wreckage they will jeopardize the receipts of 2020 and those of 2021 and 2022, because of the massive increase in unemployment and closure of businesses.
Keeping the tax wedge system in a crisis of this magnitude generates a double negative. The domino of business failures and job losses will take years to recover, and with it, tax bases and receipts. Second, the potential growth is curtailed because of disproportionately high regulatory taxation, making it even more difficult to attract the little investment that could come after the recovery.
A widespread economic closure shock is not solved with demand measures or using the private sector balance sheet to add debt and accumulate risk, but with urgent supply measures that respond to the reality of businesses and, with them, of workers and families.
The US and the world will rise from this crisis. What the government has to do is allow it. The government is there to facilitate, not to pick winners and losers.
Excerpted from dlacalle.com
Daniel Lacalle has a PhD in Economics and is author of Escape from the Central Bank Trap, Life in the Financial Markets, and The Energy World Is Flat.


investmentwatchblog--2020-03-30--What Will Be the Unintended Consequences of Printing Trillions of Dollars to Backstop the Entire Sys

What Will Be the Unintended Consequences of Printing Trillions of Dollars to Backstop the Entire System?

Stocks are up somewhat this morning .
This marks the second Monday stocks will open in the green ( last Monday was a green open as well ) following two horrifically bad weekend sessions that saw stocks open limit down or close to limit down ( March 2nd and 9th ) .
In the simplest of terms , the panic in the markets appears to be abating .
It is clear stocks have broken the downtrend from the panic ( blue lines ) .
What is not clear is whether this rally will continue or not .
Stocks stalled out @ @ @ @ @ @ @ week .
A break above that line would open the door to a run to 3,000 .
At the end of the day , stocks are actually a minor player in this mess .
The BIG story is what happens with the bond markets .
Going into last week , it was clear the financial system was facing a debt crisis .
Across the board everything from corporate bonds to municipal bonds were breaking down in a catastrophic fashion .
The Fed managed to stop this massacre by announcing it would backstop everything @ @ @ @ @ @ @ will be enough .
Bonds have staged a major bounce in the last five days , but what happens if they turn down again ?
Will the Fed ’ s announcement that it intends to buy corporate bonds be enough to stop the $ 10 trillion corporate bond bubble from imploding ?
What about the $ 16- $ 19 trillion commercial real estate market ?
Will the shutdown , which has closed so many restaurants and retailers , result in a crisis in this market as businesses begin skipping monthly payments or breaking @ @ @ @ @ @ @ $ 23 trillion U.S. treasury bubble ?
Will the $ 2 trillion in stimulus , which both the President and the Democrats have suggested will be the first of several , be what finally pushes the U.S. ’ s debt loads into a crisis ?
We don ’ t have answers to any of these questions yet .
The fact stocks have rallied 17 % makes investors feel better about things , but it doesn ’ t do anything to address the larger systemic issues facing the markets today .
Indeed , the @ @ @ @ @ @ @ certain is that the Powers That Be are going to address ALL of these issues by printing money .
And that is going to induce higher inflation .
Note that Gold has broken out against the $ USD , the Japanese Yen , and the Euro .
This is telling us that the first round of the crisis , the deflationary collapse , will be ending .
But the second round , the INFLATIONARY tidal wave , is only just beginning .
On that note , we just published a Special Investment Report @ @ @ @ @ @ @ to make inflation pay you as it rips through the financial system in the months ahead The report is titled Survive the Inflationary Storm .
And it explains in very simply terms how to make inflation PAY YOU .
We are making just 99 copies available to the public .
To pick up yours , swing by :

by The Phoenix
Stocks are up somewhat this morning.
This marks the second Monday stocks will open in the green (last Monday was a green open as well) following two horrifically bad weekend sessions that saw stocks open limit down or close to limit down (March 2nd and 9th).
In the simplest of terms, the panic in the markets appears to be abating. It is clear stocks have broken the downtrend from the panic (blue lines). What is not clear is whether this rally will continue or not.
Stocks stalled out under resistance (red line) last week. A break above that line would open the door to a run to 3,000.
At the end of the day, stocks are actually a minor player in this mess. The BIG story is what happens with the bond markets.
Going into last week, it was clear the financial system was facing a debt crisis. Across the board everything from corporate bonds to municipal bonds were breaking down in a catastrophic fashion.
The Fed managed to stop this massacre by announcing it would backstop everything.
The question now is whether that will be enough. Bonds have staged a major bounce in the last five days, but what happens if they turn down again?
Will the Fed’s announcement that it intends to buy corporate bonds be enough to stop the $10 trillion corporate bond bubble from imploding?
What about the $16-$19 trillion commercial real estate market? Will the shutdown, which has closed so many restaurants and retailers, result in a crisis in this market as businesses begin skipping monthly payments or breaking contracts outright?
And what about the $23 trillion U.S. treasury bubble? Will the $2 trillion in stimulus, which both the President and the Democrats have suggested will be the first of several, be what finally pushes the U.S.’s debt loads into a crisis?
We don’t have answers to any of these questions yet.
The fact stocks have rallied 17% makes investors feel better about things, but it doesn’t do anything to address the larger systemic issues facing the markets today.
We are primarily funded by readers. Please subscribe and donate to support us!
Indeed, the only thing of which we CAN be certain is that the Powers That Be are going to address ALL of these issues by printing money.
And that is going to induce higher inflation.
Note that Gold has broken out against the $USD, the Japanese Yen, and the Euro.
This is telling us that the first round of the crisis, the deflationary collapse, will be ending. But the second round, the INFLATIONARY tidal wave, is only just beginning.
On that note, we just published a Special Investment Report concerning FIVE secret investments you can use to make inflation pay you as it rips through the financial system in the months ahead
The report is titled Survive the Inflationary Storm. And it explains in very simply terms how to make inflation PAY YOU.
We are making just 99 copies available to the public.
To pick up yours, swing by:
www.phoenixcapitalmarketing.com/inflationstorm.html
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research


investmentwatchblog--2020-03-30--4 strategies for getting through a financial emergency

Conventional wisdom tells us that it is necessary to set aside 12 months of money to cover for emergency situations .
When you are living from paycheck to paycheck it is difficult if not impossible to save money and live a good life .
You need to make a decent income , otherwise you will barely cover for the minimum expenses .
If you ’ re having money trouble ( medical bills , credit cards , or mortgage payments ) , take the necessary steps towards a debt-free life .
The following strategies should make things easier for you .
@ @ @ @ @ @ @ to raise cash right away to survive a financial emergency .
So , you are experiencing a financial crisis .
Things are beyond your control , which would not have happened if you were properly prepared .
It is not just your bank balance that suffers .
You must be feeling fear , anger , frustration , and many other negative feelings .
It is normal given your current situation .
The emotional turmoil is a normal part of the process , so do not try to ignore it .
Avoiding dealing with @ @ @ @ @ @ @ because they can wreak havoc on your life .
Everyone goes through tough times every now and then .
For some , it is easy to get back on track .
For others , things are not so simple .
What you have to do is assign meaning to your emotions and decide what to do about them .
Don ’ t change who you are or what you do .
In other words , do not give in to your rational impulses .
You can not avoid experiencing negative emotions , just @ @ @ @ @ @ @ times .
With the coronavirus outbreak , it is difficult to contain financial fallout .
The sooner you accept that negative emotions are normal , the better off you will be .
Take examples from professionals such as currency traders .
They do not try to separate emotion from the equation .
Instead , they leverage them for a better decision-making process .
Coronavirus had led to delays in the electronics industry , so we could end up seeing shortages of gadgets .
If you have electronic devices that you no longer have @ @ @ @ @ @ @ the best time to sell them .
You can sell them to companies that will reuse the materials for the industry .
Alternatively , you can sell them to private buyers .
An iPhone is worth a lot of money , but your old computer could bring in some cash as well .
Never throw away old electronics .
And do not let them collect dust in the garage .
Leverage websites that offer cash in exchange for your possessions .
Sure , the price is nothing compared to what you would get @ @ @ @ @ @ @ , eBay , but you do not have to go through the trouble of negotiating the price .
With some cash in place , you will be able to handle the financial rainy day .
Say goodbye to stress for a while and look towards your financial future with confidence .
You will have money to pay for gas , electricity , and water .
What is more , you do not have to worry about an eviction .
Besides selling your old electronics , there are other things you can do to @ @ @ @ @ @ @ aren ’ t limited to taking online surveys , becoming a secret customer , and renting out your car .
They represent small bursts of capital that require little to no effort .
A couple of months ago , you would not have hesitated to buy high-end headphones .
It is just an example .
Now , you would not splurge money on expensive things .
You know that financial decisions need to be based on priorities .
More precisely , you buy only the things you need , not the things you @ @ @ @ @ @ @ make financial decisions based on impulse or fear , for that matter .
Build financial security without acting on fear .
Those who are not financially empowered have a tendency to make fear-based decisions .
Do not put your weakness on display .
Identify the situations where you let fear get the best of you .
Establish your financial priorities .
After all , you must be able to figure out what actions to take to get through the financial crisis .
Your spending habits are a great place to start .
Perhaps @ @ @ @ @ @ @ .
In case you are disappointed by what you see , make the necessary changes .
It is time to break those bad spending habits and create new , healthy ones .
Most importantly , do not neglect the future .
Think about what you want to accomplish once you overcome these difficult times .
Set measurable , achievable goals .
Examples are saving more money for rainy days or saving enough money to live comfortably after retirement .
• Get in touch with people who can help you Your friends and family @ @ @ @ @ @ @ out because money is tight for everyone .
Here is an idea : take out an installment loan .
Installment loans require borrowers to make fixed payments over a certain period of time until the money is paid back .
When a financial emergency pops up , it is the best option .
Due to the extended repayment schedule , lenders are able to set a higher borrowing limit .
In case you need a significant amount of money to pay an unexpected medical bill , this can come in handy .
The @ @ @ @ @ @ @ into the fact that the monthly payments are predictable .
It does not take more than one or two weeks to get the money you need so much .
The borrower can receive the money even two days after having filed the application .
Installment loans are popular financial products , especially in Canada , being available across provinces and territories .
Attention should be paid to the fact that the loans are regulated by individual provinces .
This means that the costs can vary from one place to the other .
Anyway @ @ @ @ @ @ @ emergency situations .
Be careful when it comes down to the loan amount .
Do not borrow more than you need and ensure the length of time matches your ability to repay the loan .
Disclaimer : This content does not necessarily represent the views of IWB .

Conventional wisdom tells us that it is necessary to set aside 12 months of money to cover for emergency situations. When you are living from paycheck to paycheck it is difficult if not impossible to save money and live a good life. You need to make a decent income, otherwise you will barely cover for the minimum expenses. If you’re having money trouble (medical bills, credit cards, or mortgage payments), take the necessary steps towards a debt-free life. The following strategies should make things easier for you. Please continue reading to find out how to raise cash right away to survive a financial emergency.
Image source: www.pexels.com/photo/black-steel-pet-cage-with-one-dollar-747113/
Understand that negative emotions are normal
So, you are experiencing a financial crisis. Things are beyond your control, which would not have happened if you were properly prepared. It is not just your bank balance that suffers. You must be feeling fear, anger, frustration, and many other negative feelings. It is normal given your current situation. The emotional turmoil is a normal part of the process, so do not try to ignore it. Avoiding dealing with your feelings is not a good idea because they can wreak havoc on your life. Everyone goes through tough times every now and then. For some, it is easy to get back on track. For others, things are not so simple.
What you have to do is assign meaning to your emotions and decide what to do about them. Don’t change who you are or what you do. In other words, do not give in to your rational impulses. You cannot avoid experiencing negative emotions, just as you cannot avoid difficult financial times. With the coronavirus outbreak, it is difficult to contain financial fallout. The sooner you accept that negative emotions are normal, the better off you will be. Take examples from professionals such as currency traders. They do not try to separate emotion from the equation. Instead, they leverage them for a better decision-making process.
Sell your old electronics
Coronavirus had led to delays in the electronics industry, so we could end up seeing shortages of gadgets. If you have electronic devices that you no longer have a use for, this would be the best time to sell them. You can sell them to companies that will reuse the materials for the industry. Alternatively, you can sell them to private buyers. An iPhone is worth a lot of money, but your old computer could bring in some cash as well. Never throw away old electronics. And do not let them collect dust in the garage. Leverage websites that offer cash in exchange for your possessions. Sure, the price is nothing compared to what you would get if you sold them on, say, eBay, but you do not have to go through the trouble of negotiating the price.
With some cash in place, you will be able to handle the financial rainy day. Say goodbye to stress for a while and look towards your financial future with confidence. You will have money to pay for gas, electricity, and water. What is more, you do not have to worry about an eviction. Besides selling your old electronics, there are other things you can do to make money quickly. Examples include but aren’t limited to taking online surveys, becoming a secret customer, and renting out your car. They represent small bursts of capital that require little to no effort.
We are primarily funded by readers. Please subscribe and donate to support us!
Make decisions based on priorities, not fear
A couple of months ago, you would not have hesitated to buy high-end headphones. It is just an example. Now, you would not splurge money on expensive things. You know that financial decisions need to be based on priorities. More precisely, you buy only the things you need, not the things you want. It is not recommended to make financial decisions based on impulse or fear, for that matter. Build financial security without acting on fear. Those who are not financially empowered have a tendency to make fear-based decisions. Do not put your weakness on display. Identify the situations where you let fear get the best of you.
Establish your financial priorities. After all, you must be able to figure out what actions to take to get through the financial crisis. Your spending habits are a great place to start. Perhaps you are overspending on your restaurant budget. In case you are disappointed by what you see, make the necessary changes. It is time to break those bad spending habits and create new, healthy ones. Most importantly, do not neglect the future. Think about what you want to accomplish once you overcome these difficult times. Set measurable, achievable goals. Examples are saving more money for rainy days or saving enough money to live comfortably after retirement.
Get in touch with people who can help you
Your friends and family might not be able to help you out because money is tight for everyone. Here is an idea: take out an installment loan. Installment loans require borrowers to make fixed payments over a certain period of time until the money is paid back. When a financial emergency pops up, it is the best option. Due to the extended repayment schedule, lenders are able to set a higher borrowing limit. In case you need a significant amount of money to pay an unexpected medical bill, this can come in handy. The interest rates are reliable, which translates into the fact that the monthly payments are predictable.
It does not take more than one or two weeks to get the money you need so much. The borrower can receive the money even two days after having filed the application. Installment loans are popular financial products, especially in Canada, being available across provinces and territories. Attention should be paid to the fact that the loans are regulated by individual provinces. This means that the costs can vary from one place to the other. Anyway, installment loans have flexible uses for emergency situations. Be careful when it comes down to the loan amount. Do not borrow more than you need and ensure the length of time matches your ability to repay the loan.
Disclaimer: This content does not necessarily represent the views of IWB.


investmentwatchblog--2020-03-30--Lindsey Graham slams Pelosi for saying Americans are dying while POTUS fiddles around. Talk about pr

Lindsey Graham slams Pelosi for saying Americans are dying while POTUS fiddles around. Talk about projection! Does anyone even listen to her anymore?

Graham on Pelosi Blaming Trump for People Dying : “ Most Shameful , Disgusting Statement in US History ” – @ @ @ @ @ Fran ’ s Chinatown Feb. 24 : “ We do want to say to people @ @ @ @ @ here we are … come join us ”

www.invidio.us/watch?time_continue=5&v=OBhrb3kNP7M&feature=emb_logo :
Graham on Pelosi Blaming Trump for People Dying: “Most Shameful, Disgusting Statement in US History” – YouTube
SAN FRANCISCO VIRUS: Pelosi Blames Trump for Coronavirus Deaths.
We are primarily funded by readers. Please subscribe and donate to support us!
Pelosi, touring San Fran’s Chinatown Feb. 24: “We do want to say to people, come to Chinatown, here we are … come join us”
Pelosi, touring San Fran’s Chinatown Feb. 24: “We do want to say to people, come to Chinatown, here we are … come join us” pic.twitter.com/0FEOq9t4VM — Tom Elliott (@tomselliott) March 29, 2020
AC


investmentwatchblog--2020-03-30--USA Lockdown to last at least one year. US Congress already working on ANOTHER stimulus bill!

Not a couple months and its over .
Get Comfy , cause it ’ s a Long Road… Democrats are keen on including additional direct payments to Americans in the next coronavirus response bill , arguing more needs to be done to provide financial stability as the pandemic ravages the economy .
A number of Democratic lawmakers have offered proposals for more generous payments than the ones included in the $ 2 trillion measure President Trump signed into law Friday .
That legislation included one-time cash payments for most Americans of up to $ 1,200 per adult and $ 500 @ @ @ @ @ @ @ coronavirus bill he ’ s signed , but lawmakers are already starting to discuss their priorities for a “ phase four ” measure .
“ A single check is a fundamental misunderstanding of this health crisis , ” Ruben said .
“ Public health experts are predicting that this will be a marathon , and Americans need money in their wallets to sustain them.
” We ’ re not going back to normal Social distancing is here to stay for much more than a few weeks .
It will upend our way of @ @ @ @ @ @ @

Not a couple months and its over. Get Comfy, cause it’s a Long Road…
Democrats are keen on including additional direct payments to Americans in the next coronavirus response bill, arguing more needs to be done to provide financial stability as the pandemic ravages the economy.
A number of Democratic lawmakers have offered proposals for more generous payments than the ones included in the $2 trillion measure President Trump signed into law Friday. That legislation included one-time cash payments for most Americans of up to $1,200 per adult and $500 per child.
It was the third coronavirus bill he’s signed, but lawmakers are already starting to discuss their priorities for a “phase four” measure.
thehill.com/policy/finance/489952-democrats-eye-additional-relief-checks-for-coronavirus
“A single check is a fundamental misunderstanding of this health crisis,” Ruben said. “Public health experts are predicting that this will be a marathon, and Americans need money in their wallets to sustain them.”
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U.S. Virus Plan Anticipates 18-Month Pandemic and Widespread Shortages
www.nytimes.com/2020/03/17/us/politics/trump-coronavirus-plan.html
We’re not going back to normal
Social distancing is here to stay for much more than a few weeks. It will upend our way of life, in some ways forever.
www.technologyreview.com/s/615370/coronavirus-pandemic-social-distancing-18-months/
AC


investmentwatchblog--2020-03-30--CNN Hillary interview excerpted government document

But I think what people talk to me about –and that ’ s all I can go on –is the literally thousands of people that I ’ ve seen in the course of this campaign .
They want to know what I ’ m going to do for the economy , what I ’ m going to do for education , what I ’ m going to do for health care .
And they trust me to have a plan and to be committed to carrying out that plan , and they should , because I will .
KEILAR : @ @ @ @ @ @ @ some trust that we ’ ve seen is the issue of your email practices while you were secretary of state .
I think there ’ s a lot of people who don ’ t understand what your thought process was on that.Can you tell me the story of how you decided to delete 33,000 emails and how that deletion was executed ?
CLINTON : Well , let ’ s start from the beginning .
Everything I did was permitted .
There was no law .
There was no regulation .
There was nothing @ @ @ @ @ @ @ authority to decide how I was going to communicate .
Previous secretaries of state have said they did the same thing .
And people across the government knew that I used one de-vice .
Maybe it was because I am not the most technically capable person and wanted to make it as easy as possible .
KEILAR : But you said they –that they did the same thing , that they used a personal server and… CLINTON : You know , you ’ re startingwith so many assumptions that are –I ’ ve @ @ @ @ @ @ @ –again , let ’ s take a deep breath here .
Everything I did was permitted by law and regulation .
I had one device .
When I mailed anybody in the government , it would go into the government system .
Now I didn ’ t have to turn over anything .
I chose to turn over 55,000 pages , because I wanted to go above and beyond what was expected of me because I knew the vast majority of everything that was official already was in the State Department system.And now @ @ @ @ @ @ @ fun .
People get a real-time behind-the-scenes look at , you know , what I was emailing about and what I was communicating about .
[ 17:10:10 ] KEILAR : Wearing warm socks , you said to John Podesta .

by OwnPlant
But I think what people talk to me about –and that’s all I can go on –is the literally thousands of people that I’ve seen in the course of this campaign. They want to know what I’m going to do for the economy, what I’m going to do for education, what I’m going to do for health care. And they trust me to have a plan and to be committed to carrying out that plan, and they should, because I will.
KEILAR: One of the issues that has eroded some trust that we’ve seen is the issue of your email practices while you were secretary of state. I think there’s a lot of people who don’t understand what your thought process was on that.Can you tell me the story of how you decided to delete 33,000 emails and how that deletion was executed?
CLINTON: Well, let’s start from the beginning. Everything I did was permitted. There was no law. There was no regulation. There was nothing that did not give me the full authority to decide how I was going to communicate. Previous secretaries of state have said they did the same thing. And people across the government knew that I used one de-vice. Maybe it was because I am not the most technically capable person and wanted to make it as easy as possible.
KEILAR: But you said they –that they did the same thing, that they used a personal server and…
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CLINTON: Well, personal e-mail…(CROSSTALK)
KEILAR: … a subpoena deleted emails from them?
CLINTON: You know, you’re startingwith so many assumptions that are –I’ve never had a subpoena. There is –again, let’s take a deep breath here. Everything I did was permitted by law and regulation. I had one device.
When I mailed anybody in the government, it would go into the government system. Now I didn’t have to turn over anything. I chose to turn over 55,000 pages, because I wanted to go above and beyond what was expected of me because I knew the vast majority of everything that was official already was in the State Department system.And now I think it’s kind of fun. People get a real-time behind-the-scenes look at, you know, what I was emailing about and what I was communicating about.
[17:10:10] KEILAR: Wearing warm socks, you said to John Podesta.


investmentwatchblog--2020-03-30--The Truth behind Covid 19 it is a cover up for the bond market collapse and the mass bankruptcy of m

The Truth behind Covid 19 it is a cover up for the bond market collapse and the mass bankruptcy of municipal governments

Just wait until they ban the people reporting on the municipal bankruptcies and the fact that the bond market collapse that caused them is not related to Covid and was predicted back in September when the bond market froze .
Also that this is the exact same scenario that happened back into 2008 and that both parties are complicate in the cover up of the bond market collapse and the sabotage of Bernie Sanders who would be the Democratic Nominee had this not been suppressed back in September by the impeachment of Donald J. Trump .
This is the end @ @ @ @ @ @ @ are both guilty of the coverup of the mass bankruptcy of corporations and municipalities .
Things coming to make it increasingly obvious what this is…… Cut backs at hospitals including Doctors and Nurses ( starting despite Covid ) Fire and Police department cutting staff down to just officer and firemen ( starting despite Covid ) National Guard deploying everywhere without NBC gear ( Starting under the cover of Covid ) Lock down goes indefinite despite numbers clearly showing things are getting better Let me cut this short see fall of the Soviet Union @ @ @ @ @ @ @

by GreyFox78659
Just wait until they ban the people reporting on the municipal bankruptcies and the fact that the bond market collapse that caused them is not related to Covid and was predicted back in September when the bond market froze.
Also that this is the exact same scenario that happened back into 2008 and that both parties are complicate in the cover up of the bond market collapse and the sabotage of Bernie Sanders who would be the Democratic Nominee had this not been suppressed back in September by the impeachment of Donald J. Trump.
This is the end of both parties in the USA they are both guilty of the coverup of the mass bankruptcy of corporations and municipalities.
Things coming to make it increasingly obvious what this is……
Mass Jail releases (starting under Covid cover)
Cut backs at hospitals including Doctors and Nurses (starting despite Covid)
Corporate and Government Checks bouncing
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Government unions threatening strikes
Fire and Police department cutting staff down to just officer and firemen (starting despite Covid)
National Guard deploying everywhere without NBC gear (Starting under the cover of Covid)
Lock down goes indefinite despite numbers clearly showing things are getting better
Looting and rioting
Infrastructure damage do to theft
Let me cut this short see fall of the Soviet Union it will be exactly like that.


investmentwatchblog--2020-03-30--Every un-American gun bill imaginable is in H.R. 5717!

can not buy ammo for another person , like your wife or brother poor won ’ t be able to afford the license you have to securely store your gun – one size fits all extend gun free school zones – all schools and everywhere that students go outlawing 80 % guns – every gun must have a serial number dealer reform- require dealers to use lock metal cabinets and safes and anti theft alarms , security gates , more 30 % tax on guns on top of sales tax “ You really need to hand it to the Democrats @ @ @ @ @ @ @ about their health and distracted by the coronavirus , the Democrats proposed the most sweeping anti-gun legislation in American history.
” “ It ’ s like the old adage , and one Law Enforcement Today has been warning about…when politicians , especially liberal ones are holding something in their left hand , in this case the coronavirus , watch out what they have in their right.
” -Tax guns at 30 % and ammunition at 50 % -Ban people under 21 from exercising their Second Amendment Rights ( keep in mind , Pelosi @ @ @ @ @ @ @ 16 ) -Ration guns by making it illegal to purchase more than one firearm in a 30-day period -Force FFL ’ s to spend massive amounts of money to comply with new “ security requirements ” “ That is not even the worst of it .
FPB reports that HR5717 would require gun owners to obtain a permit from the government to purchase guns and ammo .
In addition , in order to obtain this “ permit , ” gun owners would be required to submit to a live-fire exercise.
” Now the @ @ @ @ @ @ @ in a “ live-fire ” exercise if that ’ s a requirement to purchase a gun in the first place ?
This legislation basically makes it impossible to purchase a gun as a first-time buyer .
Think about this .
The government is certainly not going to provide guns and ammunition for first-time gun buyers .
See where this is going ?
The legislation would also repeal the law which excludes product liability for firearm manufacturers when weapons are used in the commission of a crime .

federal license to transport gun and ammo
cannot buy ammo for another person, like your wife or brother
poor won’t be able to afford the license
background check reform: outlaw private sales
can’t gift your guns without paying transfer fee
7 day waiting period
minimum age for purchasing firearm and ammo – 21
you have to securely store your gun – one size fits all
extend gun free school zones – all schools and everywhere that students go
red flag gun laws
silencer ban
assault weapon ban
bump stocks ban
outlawing 80% guns – every gun must have a serial number
dealer reform- require dealers to use lock metal cabinets and safes and anti theft alarms, security gates, more
industry reform
30% tax on guns on top of sales tax
50% tax on ammo
gun safety initiatives (anti gun groups)
can only purchase 1 gun a month
“You really need to hand it to the Democrats. While the American people are concerned about their health and distracted by the coronavirus, the Democrats proposed the most sweeping anti-gun legislation in American history.”
“It’s like the old adage, and one Law Enforcement Today has been warning about…when politicians, especially liberal ones are holding something in their left hand, in this case the coronavirus, watch out what they have in their right.”
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-Create a nationwide gun registry
-Universal background checks
-Seven day waiting period for gun purchases
-Ban almost all semi-automatic rifles
-Institute a federal magazine ban
-Implement national “Red Flag” gun confiscation
-Tax guns at 30% and ammunition at 50%
-Ban people under 21 from exercising their Second Amendment Rights (keep in mind, Pelosi wants to lower the voting age to 16)
-Ration guns by making it illegal to purchase more than one firearm in a 30-day period
-Force “Safe Storage” requirements on gun owners
-Ban home builds
-Ban suppressors
-Force FFL’s to spend massive amounts of money to comply with new “security requirements”
-Expand “Gun Free Zones”
–Establish a national database of gun owners
“That is not even the worst of it. FPB reports that HR5717 would require gun owners to obtain a permit from the government to purchase guns and ammo. In addition, in order to obtain this “permit,” gun owners would be required to submit to a live-fire exercise.”
Now the tricky part. How can one participate in a “live-fire” exercise if that’s a requirement to purchase a gun in the first place? This legislation basically makes it impossible to purchase a gun as a first-time buyer.
Think about this. The government is certainly not going to provide guns and ammunition for first-time gun buyers. See where this is going?
The legislation would also repeal the law which excludes product liability for firearm manufacturers when weapons are used in the commission of a crime.
www.lawenforcementtoday.com/democrats-have-launched-a-full-blown-assault-on-gun-rights/
AO


investmentwatchblog--2020-03-30--Gallup poll from last week on the approve/disapprove rating of 9 institutions

Gallup poll from last week on the approve/disapprove rating of 9 institutions : Media was the only majority negative They @ @ @ @ @ .
Continue your battle with the president by all means , you talking heads !

Gallup poll from last week on the approve/disapprove rating of 9 institutions:
US hospitals: 88/10
School/daycare: 83/9
State gov: 82/17
Employer: 82/14
CDC/NIH: 80/17
Mike Pence: 61/32
Donald Trump: 60/38
Congress: 59/37
News media: 44/55
Media was the only majority negative
Gallup poll from last week on the approve/disapprove rating of 9 institutions: US hospitals: 88/10
School/daycare: 83/9
State gov: 82/17
Employer: 82/14
CDC/NIH: 80/17
Mike Pence: 61/32
Donald Trump: 60/38
Congress: 59/37
News media: 44/55 Media was the only majority negative t.co/Ebs14DfDgC — Ryan Saavedra (@RealSaavedra) March 29, 2020
People generally approve of the president.
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They generally disapprove of the media.
Continue your battle with the president by all means, you talking heads!
h/t Builder


investmentwatchblog--2020-03-30--The White House told me today that they will look to do random sampling in the next 15 days.

Lisa Boothe @ LisaMarieBoothe · 1h Replying to @ NextRevFNC The White House told me today that they will look @ @ @ @ @ the next 15 days .
This is really important because it will tell us what @ @ @ @ @ infected and what is the true mortality rate of COVID-19 .
Right now , based @ @ @ @ @ deaths , the death rate ( in the U.S. ) stands at 1.78 % .
@ @ @ @ @ ’ t actually be known until the pandemic is over , however .

Lisa Boothe
@LisaMarieBoothe
·
1h
Replying to
@NextRevFNC
The White House told me today that they will look to do random sampling in the next 15 days. This is really important because it will tell us what percentage of the population is infected and what is the true mortality rate of COVID-19.
1 hr ago
The White House told me today that they will look to do random sampling in the next 15 days. This is really important because it will tell us what percentage of the population is infected and what is the true mortality rate of COVID-19. — Lisa Boothe (@LisaMarieBoothe) March 30, 2020
Right now, based on 143,578 cases and 2,562 deaths, the death rate (in the U.S.) stands at 1.78%.
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The true death rate won’t actually be known until the pandemic is over, however.
h/t Builder


investmentwatchblog--2020-03-30--China making trillion dollar moves to attract financial institutions harmed by the economic fallout

China making trillion dollar moves to attract financial institutions harmed by the economic fallout tells you everything you need to know. Always judge actions, not words, as they are trying to create dependence they will exploit in the decades to come.

In it , the author Lulu Yilun Chen ( A Bloomberg news China reporter ) , starts with an interesting graph ( below ) .
In the less than a decade , China will have grown from less than 5 trillion dollars in asset management ( 2013 ) , to 30 trillion… ABSOLUTELY UNHEARD OF HISTORICAL GROWTH .
China has talked for years about wanting to strengthen their economic might , and as we ’ ve seen since the Mid 90s when American political institutions on BOTH SIDES OF THE AISLE have sold the American Middle Class to the Chinese @ @ @ @ @ @ @ % in America ( notice that “ .
” ) , at the expense of millions of our citizens .
They have been escalating this in recent years , and love him or hate him , Trump is the first politician with real power to start fighting China .
I ’ m not going into the politics of Trump , just the simple fact that he has been talking about our dependency on China as one of his top platforms .
Now that we have Coronavirus , the Chinese numbers are obviously a @ @ @ @ @ @ @ top gov ’ t officials have estimated it ’ s 15-40 times the actual reported numbers ) , your seeing the newest action in this endeavor to become the world ’ s most powerful entity .
China has been selling materials to countries in need .
They ’ ve been acting like they beat this and have all this good information to exchange ( Spain purchased millions of tests , 30 % success rate , Poland has even worse numbers ) .
The WHO has been propagating CCP talking points in their data @ @ @ @ @ @ @ ending a conversation with a reporter who asked about Taiwan ’ s membership .
China has been at war with every non-communist nation on Earth , trying to amass power , and everyone in power ignores them because they ’ re getting nice and rich and fat off of them .
And here it is : now they ’ ve moved to become the financial backdrop to the backbone of capitalism : the banking institutions .
This has been their goal all along : use capitalism to destroy capitalism , and grow their @ @ @ @ @ @ @ self serving ( as every strong nation should be ) , and the EU in tandem with neocon Globalists and Neo-liberals , have been intentionally complacent to the public , because they fully intend to sell the masses out so they can get fat and rich while China grows in power .
China ’ s goal , and they are not shy to admit it , would be to be the country to rule the entire world .
It sounds far fetched and like a terrible Bond villain plot , but they ’ @ @ @ @ @ @ @ it up with actions .
No , it won ’ t happen in 5 years , 20 years , but they know 100 years from now with these kinds of plays , it is conceivable .
Mainly because whenever someone talks about that plan , you get an eye roll , called some wild theorist , kook , or what have you .
The fight our grandchildren ’ s grandchildren will be fighting is today .
And it ’ s by stopping moves like allowing China to be the debt holders of financial @ @ @ @ @ @ @ the technology infrastructure because all of these things create a dependence that they will eventually exploit .
If you don ’ t think you would , you are a part of the problem and need to wake up .
Disclaimer : This is a guest post and it doesn ’ t represent the views of IWB .

by kafkagoeswest
This Yahoo Finance article caught my eye:
In it, the author Lulu Yilun Chen (A Bloomberg news China reporter), starts with an interesting graph (below). In the less than a decade, China will have grown from less than 5 trillion dollars in asset management (2013), to 30 trillion… ABSOLUTELY UNHEARD OF HISTORICAL GROWTH. China has talked for years about wanting to strengthen their economic might, and as we’ve seen since the Mid 90s when American political institutions on BOTH SIDES OF THE AISLE have sold the American Middle Class to the Chinese Communist Party, fattening the top .1% in America (notice that “.”), at the expense of millions of our citizens. They have been escalating this in recent years, and love him or hate him, Trump is the first politician with real power to start fighting China. I’m not going into the politics of Trump, just the simple fact that he has been talking about our dependency on China as one of his top platforms. Now that we have Coronavirus, the Chinese numbers are obviously a lie (as Britain’s internal top gov’t officials have estimated it’s 15-40 times the actual reported numbers), your seeing the newest action in this endeavor to become the world’s most powerful entity.
China has been selling materials to countries in need. They’ve been acting like they beat this and have all this good information to exchange (Spain purchased millions of tests, 30% success rate, Poland has even worse numbers). The WHO has been propagating CCP talking points in their data releases, and even so boldly as ending a conversation with a reporter who asked about Taiwan’s membership. China has been at war with every non-communist nation on Earth, trying to amass power, and everyone in power ignores them because they’re getting nice and rich and fat off of them.
And here it is: now they’ve moved to become the financial backdrop to the backbone of capitalism: the banking institutions.
We are primarily funded by readers. Please subscribe and donate to support us!
This has been their goal all along: use capitalism to destroy capitalism, and grow their nation’s power. They are self serving (as every strong nation should be), and the EU in tandem with neocon Globalists and Neo-liberals, have been intentionally complacent to the public, because they fully intend to sell the masses out so they can get fat and rich while China grows in power. China’s goal, and they are not shy to admit it, would be to be the country to rule the entire world. It sounds far fetched and like a terrible Bond villain plot, but they’ve said it, and have followed it up with actions. No, it won’t happen in 5 years, 20 years, but they know 100 years from now with these kinds of plays, it is conceivable.
Mainly because whenever someone talks about that plan, you get an eye roll, called some wild theorist, kook, or what have you. The fight our grandchildren’s grandchildren will be fighting is today. And it’s by stopping moves like allowing China to be the debt holders of financial institutions, government securities, and owning the technology infrastructure because all of these things create a dependence that they will eventually exploit. If you don’t think you would, you are a part of the problem and need to wake up.

preview.redd.it/n66k8tm1kpp41.png?width=1201&format=png&auto=webp&s=ec076b6922626162da9de084db087c67f308b922
Disclaimer: This is a guest post and it doesn’t represent the views of IWB.


investmentwatchblog--2020-03-30--My girlfriend is an O-1 visa holder, and her sponsoring employer just laid her off (and half the res

My girlfriend is an O-1 visa holder, and her sponsoring employer just laid her off (and half the rest of the company) due to COVID. Is she eligible for any unemployment benefits during her 60 day grace period?

So my girlfriend is here on an O-1 from the UK… she ’ s worked/ lived in the US almost 3 years .
We ’ ve lived together almost 2 .
Unfortunately her industry has taken a hard hit from coronavirus , and her employer laid off half the company .
This means she lost her sponsorship , and has 60 days to either return home or adjust status to a 6 month tourist visa .
She ’ s paid state and federal taxes since she ’ s been here…we ’ re trying to figure out if she ’ s @ @ @ @ @ @ @ period of time .
The hard situation right now is she has 0 safety nets , and is unlikely to find work anywhere in her field until this is all over .
There also aren ’ t any flights to the UK right now .
Neither of us were quite ready to get married … and didn ’ t want to rush into it just for a green card , though we ’ re discussing it now .
In the mean time she needs to cushion the financial situation somehow .
This can @ @ @ @ @ @ @ federal and state law and regulations require that an unemployment benefits claimant be ‘ able and available ’ to work , and generally must possess an immigration status allowing work .
In a situation of an employer-specific visa , where the employer is not furloughing the employee but is instead terminating the employee , you should really strongly consider consulting with a lawyer familiar with both federal immigration law and state unemployment benefits law for legal advice about that situation when looking at a potential claim .
the law of such State , @ @ @ @ @ @ @ the Federal Unemployment Tax Act [ 26 U.S.C .
3301 et seq . ]
, [ must ] includes provision for— A requirement that , as a condition of eligibility for regular compensation for any week , a claimant must be able to work , available to work , and actively seeking work .
( f ) Alien status .
To be considered available for work in the United States for a week , the alien must be legally authorized to work that week in the United States by the appropriate agency of @ @ @ @ @ @ @ whether an alien is legally authorized to work in the United States , the State must follow the requirements of section 1137 ( d ) of the SSA ( 42 U.S.C .
1320b-7 ( d ) ) , which relate to verification of and determination of an alien ’ s status .
Example of state implementation of those requirements : As a general rule , however , upon losing his job , the claimant loses that authorization to work under the H-1B visa , which is employer-specific .
See U.S. Department of Labor @ @ @ @ @ @ @ Program Letters Interpreting the Federal Unemployment Insurance Law ( August 20 , 1986 ) .
The U.S. Department of Labor ( DOL ) regulations governing eligibility for unemployment insurance require that an alien must be legally authorized to work by the appropriate U.S. agency in order to be considered “ available for work.
” Specifically , 20 CFR § 604.5—Application— availability for work , provides , in relevant part , as follows : Thus , in order to find the claimant available for work under G.L .
c. 151A , § 24 ( @ @ @ @ @ @ @ legally authorized to work by the appropriate U.S. agency , currently the U.S. Department of Homeland Security ( DHS ) .

by DontMicrowaveCats
So my girlfriend is here on an O-1 from the UK… she’s worked/ lived in the US almost 3 years. We’ve lived together almost 2.
Unfortunately her industry has taken a hard hit from coronavirus, and her employer laid off half the company. This means she lost her sponsorship, and has 60 days to either return home or adjust status to a 6 month tourist visa.
She’s paid state and federal taxes since she’s been here…we’re trying to figure out if she’s eligible to collect unemployment benefits for any period of time. The hard situation right now is she has 0 safety nets, and is unlikely to find work anywhere in her field until this is all over. There also aren’t any flights to the UK right now.
Neither of us were quite ready to get married … and didn’t want to rush into it just for a green card, though we’re discussing it now. In the mean time she needs to cushion the financial situation somehow.
Rely:
This can be a complex question, as both federal and state law and regulations require that an unemployment benefits claimant be ‘able and available’ to work, and generally must possess an immigration status allowing work. In a situation of an employer-specific visa, where the employer is not furloughing the employee but is instead terminating the employee, you should really strongly consider consulting with a lawyer familiar with both federal immigration law and state unemployment benefits law for legal advice about that situation when looking at a potential claim.
We are primarily funded by readers. Please subscribe and donate to support us!
www.law.cornell.edu/uscode/text/42/503
the law of such State, approved by the Secretary of Labor under the Federal Unemployment Tax Act [26 U.S.C. 3301 et seq.], [must] includes provision for— … A requirement that, as a condition of eligibility for regular compensation for any week, a claimant must be able to work, available to work, and actively seeking work.
www.law.cornell.edu/cfr/text/20/604.3
A State may pay UC only to an individual who is able to work and available for work for the week for which UC is claimed.
www.law.cornell.edu/cfr/text/20/604.5
(f) Alien status. To be considered available for work in the United States for a week, the alien must be legally authorized to work that week in the United States by the appropriate agency of the United States government. In determining whether an alien is legally authorized to work in the United States, the State must follow the requirements of section 1137(d) of the SSA (42 U.S.C. 1320b-7(d)), which relate to verification of and determination of an alien’s status.
Example of state implementation of those requirements:
www.mass.gov/files/documents/2016/08/wm/br-109625.pdf (p. 3)
As a general rule, however, upon losing his job, the claimant loses that authorization to work under the H-1B visa, which is employer-specific. See U.S. Department of Labor Federal-State Unemployment Compensation Program; Unemployment Insurance Program Letters Interpreting the Federal Unemployment Insurance Law (August 20, 1986). The U.S. Department of Labor (DOL) regulations governing eligibility for unemployment insurance require that an alien must be legally authorized to work by the appropriate U.S. agency in order to be considered “available for work.” Specifically, 20 CFR § 604.5—Application— availability for work, provides, in relevant part, as follows: (f) Alien status. To be considered available for work in the United States for a week, the alien must be legally authorized to work that week in the United States by the appropriate agency of the United States government. In determining whether an alien is legally authorized to work in the United States, the State must follow the requirements of section 1137(d) of the SSA (42 U.S.C. 1320b-7(d)), which relate to verification of and determination of an alien’s status. (Emphasis added.) Thus, in order to find the claimant available for work under G.L. c. 151A, § 24(b), the claimant must be legally authorized to work by the appropriate U.S. agency, currently the U.S. Department of Homeland Security (DHS).
h/t tvtoo


investmentwatchblog--2020-03-30--Cuomo: “…a declaration of war on states”

Note : I had multiple sources , but the link above happened to have everything I needed on it .
POTUS says , “ Hey , maybe I ’ ll put a federal quarantine around New England.
” Trump backs down , backs off , cancels the quarantine .
What does it mean ?
I ’ ll say simply what I think it means .
The world is under attack .
There is a group of people who are currently conducting bioterrorist attacks against the world .
The quarantine would have trapped them , preventing their escape .
Through Cuomo @ @ @ @ @ @ @ they threatened to release the virus in multiple additional locations across the country .
“ You trap us in New York , you ’ re gon na see a lot more dead Americans.
” So Trump backed off .
No quarantine of New England , and this whole situation is extended another 30 days .
I ’ ve been speaking to the President .
This would be a declaration of war on states .
A federal declaration of war .
And it wouldn ’ t just be New York , New Jersey , @ @ @ @ @ @ @ be Louisiana with New Orleans .
And the week after that , it would be Detroit in Michigan , and it would run all across the nation .
And I don ’ t think the President is looking to start a lot of wars with a lot of states just about now for a lot of reasons .
You might say that New Orleans and Detroit are already hotspots , and Cuomo is just predicting that if Trump does it here , to be consistent , he ’ d have to do it @ @ @ @ @ @ @ he backed down ?
Can you really see Trump saying , “ Oh shit , he ’ s right !
I guess I can ’ t do that.
” Also , with all this social distancing , how COULD the virus spread the way Cuomo is saying it will ?
Are we doing all this for nothing ?
His predictions were very specific .
This week it ’ s here , but next week it ’ ll be there , then the week after that it ’ ll be there , and then… @ @ @ @ @ @ @ the nation .
No , it was absolutely a threat .
A threat of MORE ATTACKS .
That ’ s why Trump backed down .
Now , I ’ m not necessarily saying that Cuomo is a terrorist .
If I ’ m right , he ’ s a messenger for the terrorists .
It ’ s possible he ’ s on their side , but it ’ s also just as possible that they have a proverbial gun to his head .
If they ’ re the kind of people that would @ @ @ @ @ @ @ be nothing for them to threaten the governor of New York .
Maybe they threatened his family .
Maybe he made a video at Epstein ’ s place .
Who knows .
This whole time I ’ ve been thinking , why in the hell are we reacting with such insanity to this virus ?
I mean , it ’ s a bad respiratory virus , I get it .
Old people beware .
But shutting down the whole country looks like madness .
UNLESS the whole point is to deny the bioterrorists @ @ @ @ @ @ @ to release a virus like this , you need a crowd .
Like at a sporting event or an airport .
Or the subway .
But wait , wait , wait – why would a quarantine provoke the terrorists ?
Because then they ’ d be trapped .
And I mean , call me crazy , but a nearby US Navy ship provides great cover for all kinds of military activity .
The other day , a reporter asked Trump , what should we tell our kids ?
“ Tell them we were @ @ @ @ @ @ @ world is at war .
Disclaimer : This is a guest post and it doesn ’ t represent the views of IWB .

Source: www.redstate.com/alexparker/2020/03/28/andrew-cuomo-donald-trump-quarantine-cnn-declaration-of-war-coronavirus/
Note: I had multiple sources, but the link above happened to have everything I needed on it.
Here’s a very simple sequence of events.
POTUS says, “Hey, maybe I’ll put a federal quarantine around New England.”
Cuomo says something vaguely threatening.
Trump backs down, backs off, cancels the quarantine.
What does it mean? I’ll say simply what I think it means.
The world is under attack. There is a group of people who are currently conducting bioterrorist attacks against the world. The quarantine would have trapped them, preventing their escape. Through Cuomo (whether willingly or unwillingly), they threatened to release the virus in multiple additional locations across the country. “You trap us in New York, you’re gonna see a lot more dead Americans.”
So Trump backed off. No quarantine of New England, and this whole situation is extended another 30 days.
Here’s what Cuomo said:
I’ve been speaking to the President. This would be a declaration of war on states. A federal declaration of war. And it wouldn’t just be New York, New Jersey, Connecticut. Next week, it would be Louisiana with New Orleans. And the week after that, it would be Detroit in Michigan, and it would run all across the nation. And I don’t think the President is looking to start a lot of wars with a lot of states just about now for a lot of reasons.
You might say that New Orleans and Detroit are already hotspots, and Cuomo is just predicting that if Trump does it here, to be consistent, he’d have to do it elsewhere.
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But would that explain why he backed down? Can you really see Trump saying, “Oh shit, he’s right! I guess I can’t do that.”
Also, with all this social distancing, how COULD the virus spread the way Cuomo is saying it will? Are we doing all this for nothing? His predictions were very specific. This week it’s here, but next week it’ll be there, then the week after that it’ll be there, and then…? Who knows? Maybe all across the nation.
No, it was absolutely a threat. A threat of MORE ATTACKS. That’s why Trump backed down.
Now, I’m not necessarily saying that Cuomo is a terrorist. If I’m right, he’s a messenger for the terrorists. It’s possible he’s on their side, but it’s also just as possible that they have a proverbial gun to his head. If they’re the kind of people that would do this, then it’d be nothing for them to threaten the governor of New York. Maybe they threatened his family. Maybe he made a video at Epstein’s place. Who knows.
This whole time I’ve been thinking, why in the hell are we reacting with such insanity to this virus? I mean, it’s a bad respiratory virus, I get it. Old people beware. But shutting down the whole country looks like madness. UNLESS the whole point is to deny the bioterrorists with a target.
Everyone knows that to release a virus like this, you need a crowd. Like at a sporting event or an airport. Or the subway.
But wait, wait, wait – why would a quarantine provoke the terrorists? Because then they’d be trapped. And I mean, call me crazy, but a nearby US Navy ship provides great cover for all kinds of military activity.
The other day, a reporter asked Trump, what should we tell our kids? “Tell them we were ATTACKED.”
Ladies and gentlemen, the world is at war.
Disclaimer: This is a guest post and it doesn’t represent the views of IWB.


investmentwatchblog--2020-03-30--Number of US cases suggest “Somebody Else” has been lying.

So if you ’ re like me and you spend a bit of time on reddit , you ’ ll notice a few things .
• Plenty of people have posted links claiming the US now has more cases than any other nation in the world… all Trump ’ s fault of course .
But how can this be so ?
China got hit first and harder than anyone else .
The US has had the advantage of advance warning .
How is it possible that America now has more cases then China ( with 5x the population ) ?
@ @ @ @ @ @ @ bullshit .
Most nations have been honest in reporting their own CV19 situation .
They can ’ t test everyone and there appears to be a majority of asymptomatic cases that will never be known .
But you can combine the numbers to get an average infection rate as a % of the total population .
Epidemics don ’ t distinguish between nationality and they progress according to factors based on biology and time .
So lets take a few countries and check the numbers .
Say US , Italy , Spain , @ @ @ @ @ @ @ US has 325 million population and 145,000 cases • Italy has 100k cases and total population of 61 million .
• Iran , 40k cases , 81 million .
( But # cases might not be too accurate ) Next step is to divide cases by population to get prevalence as a % of total population .
Now for the next step , we add these together to get an average .
Doing so yields an average of 0.1034 % .
Now for the last step , we take that number and apply @ @ @ @ @ @ @ a very conservative result since China has had roughly a one month head start on everyone else .
0.1034 % x 1.5 Billion ( China ’ s population ) = 1.551 Million cases .
If you consider that CV19 cases have a way of doubling every couple of weeks , it ’ s plausible to suppose that China ’ s actual total might be 3 Million cases and possibly even 6 Million .
Total mortality ( at 1 % average ) would be 15,000 ( low estimate ) 30,000 ( middle estimate ) @ @ @ @ @ @ @ [ Feel free to compare this number with the official figure on wikipedia that says about 80,000 cases ] .
If the US manages to keep the total number of cases below a million , they ’ ll be doing pretty good .
Also remember next time someone tries to make the US look bad , you ’ ll be in a much better position to judge that .
tldr ; Numbers based on official stats/data from other countries suggest that the Chinese have been “ less than perfectly honest ” about their @ @ @ @ @ @ @ is a guest post and it doesn ’ t represent the views of IWB .

by OB1_kenobi
So if you’re like me and you spend a bit of time on reddit, you’ll notice a few things.
United States Coronavirus: 142,746 Cases and 2,489 Deaths …
Plenty of people have posted links claiming the US now has more cases than any other nation in the world… all Trump’s fault of course.
But how can this be so?
China got hit first and harder than anyone else. The US has had the advantage of advance warning. How is it possible that America now has more cases then China (with 5x the population)?
Answer is simple. They don’t.
Internet says…
Search Results Web results China Coronavirus: 81,470 Cases and 3,304 Deaths …
To put it mildly, this is bullshit. Most nations have been honest in reporting their own CV19 situation. They can’t test everyone and there appears to be a majority of asymptomatic cases that will never be known. But you can combine the numbers to get an average infection rate as a % of the total population.
Epidemics don’t distinguish between nationality and they progress according to factors based on biology and time.
So lets take a few countries and check the numbers. Say US, Italy, Spain, Germany, France and Iran.
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US has 325 million population and 145,000 cases
Italy has 100k cases and total population of 61 million.
Spain has 80k cases, and 46 million people
Germany, 62k cases and 83 million people
France, 40k cases, 67 million.
Iran, 40k cases, 81 million. (But #cases might not be too accurate)
Next step is to divide cases by population to get prevalence as a % of total population.
In order: US 0.044%, Italy 0.164%, Spain 0.174%, Germany 0.075%, France 0.06%
Now for the next step, we add these together to get an average. Doing so yields an average of 0.1034%.
Now for the last step, we take that number and apply it to China. This should give a very conservative result since China has had roughly a one month head start on everyone else.
0.1034% x 1.5 Billion (China’s population) = 1.551 Million cases. If you consider that CV19 cases have a way of doubling every couple of weeks, it’s plausible to suppose that China’s actual total might be 3 Million cases and possibly even 6 Million. Total mortality (at 1% average) would be 15,000 (low estimate) 30,000 (middle estimate) or even 60,000 (higher estimate) [Feel free to compare this number with the official figure on wikipedia that says about 80,000 cases].
If the US manages to keep the total number of cases below a million, they’ll be doing pretty good.
Also remember next time someone tries to make the US look bad, you’ll be in a much better position to judge that.
tldr; Numbers based on official stats/data from other countries suggest that the Chinese have been “less than perfectly honest” about their own corona situation.
Disclaimer: This is a guest post and it doesn’t represent the views of IWB.


investmentwatchblog--2020-03-30--What Happens as State and Local Tax Revenues Crater?

We can anticipate a federal bailout of pension funds and one-time aid to state and local governments , but bailouts won ’ t repair the eroding foundations of tax revenues .
As we all know , the federal government can “ print ” money but state , county and city governments can not .
The Treasury can sell bonds to fund deficit spending , and the Federal Reserve can create currency out of thin air to buy the bonds , so federal spending can increase even as tax revenues crash .
State , county and city governments do not have @ @ @ @ @ @ @ and counties can sell municipal bonds for infrastructure projects , but they can ’ t sell bonds to support General Fund ( i.e .
everyday government services ) expenditures .
As a result , massive declines in State , county and local tax revenues are already baked in as sales and payroll taxes drop and capital gains taxes–an essential source of revenues for many states–are set to collapse along with the stock market .
Longer term , the other primary source of tax revenues–property taxes–will fall off a cliff as the commercial real @ @ @ @ @ @ @ implode later this year .
Lower sales , lower employment and lower profits all undermine the fundamentals of real estate , and the institutionalization of remote work and education will gut demand for commercial space .
Real estate transactions are also sources of transfer taxes and capital gains , and as values plummet so will transfer taxes and capital gains .
Every locale has a different mix of tax revenues , but since all sources will fall sooner or later , no state or local government will escape the decline in revenues .
@ @ @ @ @ @ @ revenues will fall first , and capital gains will vanish as stock market losses replace gains .
In states like California that depend heavily on capital gains taxes , the holes being blown in budgets will be catastrophic .
Roughly 10 % of all General Fund revenues in California flow from capital gains–over $ 15 billion in the previous fiscal year .
As noted in the California State Revenue Estimate 2019-2020 : “ The amount of capital gains revenue in the General Fund can vary greatly from year to year .
For instance @ @ @ @ @ @ @ $ 10.9 billion to the General Fund .
By 2009 , the contribution from capital gains had dropped to $ 2.3 billion .
For 2018 , capital gains are forecast to contribute $ 15.7 billion to General Fund revenue–the highest amount ever.
” Were this to drop to previous recession-era lows , that would open a $ 13 billion hole in tax revenues , completely erasing the state ’ s $ 8 billion “ rainy day fund ” and leaving a $ 5 billion deficit–a sum that will only increase as sales and @ @ @ @ @ @ @ Unicorns , Big Tech and zombie corporations start laying off highly paid staff , income tax revenues will crater as well .
As the California State Revenue Estimate 2019-2020 explains : “ The highest-income Californians pay a large share of the state ’ s personal income tax .
For the 2016 tax year , the top 1 percent of income earners paid just under 46 percent of personal income taxes .
This percentage has been greater than 40 percent in 12 of the past 13 years .
Consequently , changes in the income @ @ @ @ @ @ @ can have a significant impact on state revenues.
” Many states and counties are increasingly dependent on a dominant revenue source which may well prove to be an Achilles Heel .
California has increasingly come to depend on income taxes from high earners ( who also garner most of the capital gains as well ) : “ In 1950-51 , sales tax revenue made up over 50 percent of General Fund revenues while personal income tax revenue made up just more than 11 percent .
That relationship has changed dramatically over time , @ @ @ @ @ @ @ tax makes up 68.8 percent of all General Fund revenues.
” A steep decline in tax revenues isn ’ t the end of the pain for local government .
Public-sector pension funds heavily invested in stocks are absorbing shattering losses that will have to be compensated by higher contributions by cash-strapped taxpayers .
If bond yields rise despite central bank interventions , bond holdings could crash along with stocks .
We can anticipate a federal bailout of pension funds and one-time aid to state and local governments , but bailouts won ’ t @ @ @ @ @ @ @ .
Sales : down .
Income : down .
Capital gains : down .
Vehicle sales : down .
Fuel taxes : down .
Property taxes : down , once bubble valuations crash to earth .
Cash-strapped taxpayers , many of whom may have lost their jobs , will be in no mood to absorb enormous tax increases to fund insiders , cronies and vested interests .
The gravy train of state and local government spending has just been derailed .
The declines in tax revenues will be too steep and too enduring @ @ @ @ @ @ @ V-shaped recovery will make all the blown budgets whole next quarter , much less next year .

by Charles Hugh-Smith
We can anticipate a federal bailout of pension funds and one-time aid to state and local governments, but bailouts won’t repair the eroding foundations of tax revenues.
As we all know, the federal government can “print” money but state, county and city governments cannot. The Treasury can sell bonds to fund deficit spending, and the Federal Reserve can create currency out of thin air to buy the bonds, so federal spending can increase even as tax revenues crash.
State, county and city governments do not have this printing press. Yes, states and counties can sell municipal bonds for infrastructure projects, but they can’t sell bonds to support General Fund (i.e. everyday government services) expenditures.
As a result, massive declines in State, county and local tax revenues are already baked in as sales and payroll taxes drop and capital gains taxes–an essential source of revenues for many states–are set to collapse along with the stock market.
Longer term, the other primary source of tax revenues–property taxes–will fall off a cliff as the commercial real estate bubble and Housing Bubble #2 implode later this year. Lower sales, lower employment and lower profits all undermine the fundamentals of real estate, and the institutionalization of remote work and education will gut demand for commercial space.
Real estate transactions are also sources of transfer taxes and capital gains, and as values plummet so will transfer taxes and capital gains.
Every locale has a different mix of tax revenues, but since all sources will fall sooner or later, no state or local government will escape the decline in revenues. Sales (excise) and payroll tax revenues will fall first, and capital gains will vanish as stock market losses replace gains.
In states like California that depend heavily on capital gains taxes, the holes being blown in budgets will be catastrophic. Roughly 10% of all General Fund revenues in California flow from capital gains–over $15 billion in the previous fiscal year. As noted in the California State Revenue Estimate 2019-2020:
“The amount of capital gains revenue in the General Fund can vary greatly from year to year. For instance, in 2007, capital gains contributed $10.9 billion to the General Fund. By 2009, the contribution from capital gains had dropped to $2.3 billion. For 2018, capital gains are forecast to contribute $15.7 billion to General Fund revenue–the highest amount ever.”
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Were this to drop to previous recession-era lows, that would open a $13 billion hole in tax revenues, completely erasing the state’s $8 billion “rainy day fund” and leaving a $5 billion deficit–a sum that will only increase as sales and payroll taxes decline.
Once Silicon Valley Unicorns, Big Tech and zombie corporations start laying off highly paid staff, income tax revenues will crater as well. As the California State Revenue Estimate 2019-2020 explains:
“The highest-income Californians pay a large share of the state’s personal income tax. For the 2016 tax year, the top 1 percent of income earners paid just under 46 percent of personal income taxes. This percentage has been greater than 40 percent in 12 of the past 13 years. Consequently, changes in the income of a relatively small group of taxpayers can have a significant impact on state revenues.”
Many states and counties are increasingly dependent on a dominant revenue source which may well prove to be an Achilles Heel. California has increasingly come to depend on income taxes from high earners (who also garner most of the capital gains as well):
“In 1950-51, sales tax revenue made up over 50 percent of General Fund revenues while personal income tax revenue made up just more than 11 percent. That relationship has changed dramatically over time, and, for 2019-20, personal income tax makes up 68.8 percent of all General Fund revenues.”
A steep decline in tax revenues isn’t the end of the pain for local government. Public-sector pension funds heavily invested in stocks are absorbing shattering losses that will have to be compensated by higher contributions by cash-strapped taxpayers. If bond yields rise despite central bank interventions, bond holdings could crash along with stocks.
We can anticipate a federal bailout of pension funds and one-time aid to state and local governments, but bailouts won’t repair the eroding foundations of tax revenues. Sales: down. Income: down. Capital gains: down. Vehicle sales: down. Fuel taxes: down. Property taxes: down, once bubble valuations crash to earth.
Cash-strapped taxpayers, many of whom may have lost their jobs, will be in no mood to absorb enormous tax increases to fund insiders, cronies and vested interests.
The gravy train of state and local government spending has just been derailed. The declines in tax revenues will be too steep and too enduring to support the magical-thinking hope that a V-shaped recovery will make all the blown budgets whole next quarter, much less next year.