investmentwatchblog--2020-07-30--Wold Bank & IMF Exposed: Covid Aid Conditional On Imposing Extreme Lockdowns, Curfews

Huge foreign loans are given to sovereign nations by the World Bank , IMF , and the likes .
But the conditions that come attached to these loans are seldom told by governments to their citizens .
It isn ’ t a secret that the beast system and New World Order is being rolled out right in front of our eyes , and this is just more evidence that a massive economic collapse is needed for people to accept total and permanent enslavement .
A recent case in Belarus has exposed the conditions laid by these agencies for loans being @ @ @ @ @ @ @ .
The President of Belarus has exposed that the World Bank coronavirus aid comes with conditions for imposing extreme lockdown measures , to model their coronavirus response on that of Italy and even changes in the economic policies which he refused as being “ unacceptable.
” Don ’ t hold your breath and wait for this to be reported on in the United States on mainstream media .
Additional conditions which do not apply to the financial part are unacceptable for Belarus , Belarus President Aleksandr Lukashenko said when speaking about external lending @ @ @ @ @ @ @ for the real economic sector on the part of the banking system , reported Belarusian Telegraph Agency , BelTA .
Aleksandr Lukashenko asked the participants of the meeting how things were with the provision of foreign credit assistance to Belarus .
At the same time , he stressed that additional conditions which do not apply to the financial part are unacceptable for the country .
According to the president , the World Bank has shown interest in Belarus ’ coronavirus response practices .
Belarus is one of the only European countries that has @ @ @ @ @ @ @ The no-restriction situation is such that even the non-essential services remain open .
The football league of Belarus is still being played .
The only restriction kind-of step that Belarus took till now is that the school holidays have been extended .
The President of Belarus is not the first one to have exposed the pressure exerted by global agencies amidst the coronavirus crisis to further their agenda .
This is only the beginning .
Soon it will a universal basic income that you will only get if you are to be a @ @ @ @ @ @ @ up , people .
It ’ s happening , and it seems to be ramping up while we are in a “ news lull.
” Look around when there doesn ’ t seem to be much new fear-mongering in the mainstream media .
This will get ugly by winter , they ’ ve already promised us that much .

by Mac Slavo of SHTFplan
Huge foreign loans are given to sovereign nations by the World Bank, IMF, and the likes. But the conditions that come attached to these loans are seldom told by governments to their citizens.
It isn’t a secret that the beast system and New World Order is being rolled out right in front of our eyes, and this is just more evidence that a massive economic collapse is needed for people to accept total and permanent enslavement.
A recent case in Belarus has exposed the conditions laid by these agencies for loans being provided for COVID-19 by the World Bank. The President of Belarus has exposed that the World Bank coronavirus aid comes with conditions for imposing extreme lockdown measures, to model their coronavirus response on that of Italy and even changes in the economic policies which he refused as being “unacceptable.”
Don’t hold your breath and wait for this to be reported on in the United States on mainstream media.
According to GreatGameIndia:
Additional conditions which do not apply to the financial part are unacceptable for Belarus, Belarus President Aleksandr Lukashenko said when speaking about external lending during a meeting to discuss support measures for the real economic sector on the part of the banking system, reported Belarusian Telegraph Agency, BelTA.
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Aleksandr Lukashenko asked the participants of the meeting how things were with the provision of foreign credit assistance to Belarus.
“What are our partners’ requirements? It was announced that they can provide Belarus with $940 million in so-called rapid financing. How are things here?” the head of state inquired.
At the same time, he stressed that additional conditions which do not apply to the financial part are unacceptable for the country.
“We hear the demands, for example, to model our coronavirus response on that of Italy. I do not want to see the Italian situation to repeat in Belarus. We have our own country and our own situation,” the president said.
According to the president, the World Bank has shown interest in Belarus’ coronavirus response practices.
“It is ready to fund us ten times more than it offered initially as a token of commendation for our efficient fight against this virus. The World Bank has even asked the Healthcare Ministry to share the experience. Meanwhile, the IMF continues to demand from us quarantine measures, isolation, a curfew. This is nonsense. We will not dance to anyone’s tune,” said the president.
Belarus is one of the only European countries that has not implemented strict coronavirus containment measures. The no-restriction situation is such that even the non-essential services remain open. The football league of Belarus is still being played. The only restriction kind-of step that Belarus took till now is that the school holidays have been extended.
The President of Belarus is not the first one to have exposed the pressure exerted by global agencies amidst the coronavirus crisis to further their agenda.
This is only the beginning. Soon it will a universal basic income that you will only get if you are to be a slave to the ruling class. Wake up, people. It’s happening, and it seems to be ramping up while we are in a “news lull.” Look around when there doesn’t seem to be much new fear-mongering in the mainstream media. This will get ugly by winter, they’ve already promised us that much.


investmentwatchblog--2020-07-30--“Dollar Debasement” Driving Gold’s Record Rise, Says Goldman Sachs

For decades , the U.S. dollar has enjoyed unparalleled hegemony as the global reserve currency .
But today , it appears that a bit of reality is setting in .
Back in 2002 , the U.S. dollar index ( DXY ) peaked at 118.85 , before crashing over the next 6 years to 72.23 in 2008 .
It struggled to regain any semblance of its former dominance until March of 2015 .
Gold ’ s price has followed a different trajectory , increasing sharply in value from 2008 to August of 2011 , where it reached a record high at @ @ @ @ @ @ @ struggling to recover , gold seemed to provide a safe haven for people to place their savings .
And that ’ s where this story begins .
An article on ZeroHedge posed a question that has the potential to become a reality .
One where gold could also get another big boost in value : The article continues with an explanation : “ After all , in a world where there is over $ 100 trillion in dollar-denominated debt which can not be defaulted on and thus must be inflated away , the @ @ @ @ @ @ @ has become a handicap.
” In a recent report to its clients , Nomura Holdings confirmed this line of thinking , saying , “ We expect the US dollar to follow a path of reduced dominance and weaken over the long term.
” Even Goldman Sachs ’ Jeffrey Currie has said , “ Real concerns around the longevity of the US dollar as a reserve currency have started to emerge.
” And the weakening of the dollar isn ’ t a new trend .
For some time , rising geopolitical tensions , new @ @ @ @ @ @ @ , and the prospect of “ digital cash ” have all contributed to the recent downward pressure on the dollar .
This perfect storm of threats to the dollar ’ s value could signal a long-term devaluation .
“ The dollar has become the world ’ s punching bag and it ’ s likely to stay that way for awhile , ” according to a piece on CNBC .
It could also mean it ’ s gold ’ s time to shine .
The Dollar Could Be Giving Gold Some Safe Haven “ @ @ @ @ @ @ @ ZeroHedge piece , Goldman Sachs is going “ all in ” on gold .
In that piece , Currie noted the following , made possible by the recent downward pressure on the dollar : As you can see in the chart below , the dollar is in fact failing to regain the luster it once had in 2015 , while gold seems to be rising at a record pace for the second time this decade : Currie finished his note with the following , focusing on the debasement of the dollar : “ @ @ @ @ @ @ @ fiat currencies that sows the risk for inflation and gold is the best hedge against debasement.
” If all of this plays out like the ZeroHedge piece and Currie ’ s note claims , gold ’ s price could be in for quite a ride upwards , thanks to the dollar : But even if it doesn ’ t play out exactly this way , the price of gold may very well go even higher in the near-term .
Who knows how high it will go ?
As Dollar Optimism Evaporates , Now @ @ @ @ @ @ @ optimism for the current U.S. dollar hegemony is likely to be short-lived .
A host of other countries are positioning to take a home-run swing at the U.S. dollar ’ s dominance in global markets .
If the dollar loses its dominance as the global reserve currency , or digital cash takes over , you can be sure big economic changes will be on the way .
So , while there is still time , think two steps ahead and consider hedging your bets against the debasement of the dollar .

From Birch Gold Group
For decades, the U.S. dollar has enjoyed unparalleled hegemony as the global reserve currency. But today, it appears that a bit of reality is setting in.
Back in 2002, the U.S. dollar index (DXY) peaked at 118.85, before crashing over the next 6 years to 72.23 in 2008. It struggled to regain any semblance of its former dominance until March of 2015.
Gold’s price has followed a different trajectory, increasing sharply in value from 2008 to August of 2011, where it reached a record high at the time. While the dollar was struggling to recover, gold seemed to provide a safe haven for people to place their savings.
And that’s where this story begins.
An article on ZeroHedge posed a question that has the potential to become a reality. One where gold could also get another big boost in value:
In short, what if the dollar is no longer the world’s reserve currency?
The article continues with an explanation: “After all, in a world where there is over $100 trillion in dollar-denominated debt which can not be defaulted on and thus must be inflated away, the ‘exorbitant privilege’ of the dollar has become a handicap.”
In a recent report to its clients, Nomura Holdings confirmed this line of thinking, saying, “We expect the US dollar to follow a path of reduced dominance and weaken over the long term.”
Even Goldman Sachs’ Jeffrey Currie has said, “Real concerns around the longevity of the US dollar as a reserve currency have started to emerge.”
And the weakening of the dollar isn’t a new trend. For some time, rising geopolitical tensions, new resistance to the dollar’s hegemony, and the prospect of “digital cash” have all contributed to the recent downward pressure on the dollar.
We are primarily funded by readers. Please subscribe and donate to support us!
This perfect storm of threats to the dollar’s value could signal a long-term devaluation. “The dollar has become the world’s punching bag and it’s likely to stay that way for awhile,” according to a piece on CNBC.
It could also mean it’s gold’s time to shine.
The Dollar Could Be Giving Gold Some Safe Haven “Rocket Fuel”
According to the same ZeroHedge piece, Goldman Sachs is going “all in” on gold. In that piece, Currie noted the following, made possible by the recent downward pressure on the dollar:
With more downside expected in US real interest rates we are once again reiterating our long gold recommendation from March and are raising our 12-month gold and silver price forecasts to $2300/toz and $30/toz respectively from $2000/toz and $22/toz.
As you can see in the chart below, the dollar is in fact failing to regain the luster it once had in 2015, while gold seems to be rising at a record pace for the second time this decade:
Currie finished his note with the following, focusing on the debasement of the dollar: “Today the risk is from debasement of fiat currencies that sows the risk for inflation and gold is the best hedge against debasement.”
If all of this plays out like the ZeroHedge piece and Currie’s note claims, gold’s price could be in for quite a ride upwards, thanks to the dollar:
Indeed, even at $10,000/oz, the total value of gold would be just around $50 trillion, which is still orders of magnitude below the value of global financial assets that need to be hedged.
But even if it doesn’t play out exactly this way, the price of gold may very well go even higher in the near-term. Who knows how high it will go?
As Dollar Optimism Evaporates, Now is the Time to Prepare
Any blind optimism for the current U.S. dollar hegemony is likely to be short-lived. A host of other countries are positioning to take a home-run swing at the U.S. dollar’s dominance in global markets.
If the dollar loses its dominance as the global reserve currency, or digital cash takes over, you can be sure big economic changes will be on the way.
So, while there is still time, think two steps ahead and consider hedging your bets against the debasement of the dollar.


investmentwatchblog--2020-07-30--Alasdair Macleod – Inflation, This Time Is Different

Alasdair Macleod explains why he believes the dollar ’ s days are numbered not only as the world ’ s @ @ @ @ @ a useful domestic currency .
Alasdair Macleod is head of research for GoldMoney .
He @ @ @ @ @ website dedicated to sound money and demystifying finance and economics .
He has a background @ @ @ @ @ and economist .

Jay Taylor Media, Released on Released on 7/28/20
Alasdair Macleod explains why he believes the dollar’s days are numbered not only as the world’s reserve currency but even as a useful domestic currency.
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Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist.


investmentwatchblog--2020-07-30--Celente: Gold and Silver Booming, Economy to Crash

Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute .
He is the author of @ @ @ @ @ : How to Prepare for and Profit from the Changes of the 21st Century and @ @ @ @ @ Trends Journal newsletter .
Gerald Celente is a political atheist .
Unencumbered by political dogma @ @ @ @ @ wisdom , Celente , whose motto is “ think for yourself , ” observes and @ @ @ @ @ future trends for what they are – not for the way he wants them to @ @ @ @ @ earned his reputation as “ The most trusted name in trends ” by accurately forecasting @ @ @ @ @ , consumer , environmental , economic , political , entertainment , and technology trends .

Trends Research, Released on 7/28/20
We are primarily funded by readers. Please subscribe and donate to support us!
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom, Celente, whose motto is “think for yourself,” observes and analyzes the current events forming future trends for what they are – not for the way he wants them to be. Gerald Celente has earned his reputation as “The most trusted name in trends” by accurately forecasting hundreds of social, business, consumer, environmental, economic, political, entertainment, and technology trends.


investmentwatchblog--2020-07-30--5G GLOBAL ROLLOUT AND NOT ONE SINGLE STUDY PROVING IT’S SAFE

Olle Johansson is doing the research the FCC , FDA and the telecom industry refuse to do .
The 5G @ @ @ @ @ is still not a single study that has been done that proves the technology is @ @

Olle Johansson is doing the research the FCC, FDA and the telecom industry refuse to do. The 5G rollout is global and there is still not a single study that has been done that proves the technology is safe.
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investmentwatchblog--2020-07-31--Alert Be Prepared For Massive Wave Of Evictions, Food Shortage And Starvation !

In this video , we ’ ll explain what the end of federal aid means for tens of millions of at risk Americans , and the catastrophic ways in which the coming waves of evictions , food shortage , and poverty could change the US forever .
Across the United States , the pandemic continues to worsen .
The last few weeks have seen economic indicators slump again after brief and modest recoveries in May and early June .
Yet , government policies fail to reflect the increasingly dire realities for tens of millions of Americans , as citizens across @ @ @ @ @ @ @ of homelessness in the midst of this economic collapse .
The coming wave of evictions will be swift and brutal .
Emergency measures put in place to protect renters expired last week , leaving many already vulnerable individuals subject to landlords that have been waiting for months to claim late payments and force the financially insecure from their residences .
The end of the Federal Eviction Moratorium means that any renters with a federally backed mortgage are at risk of eviction , and that category makes up over 25 percent of all US @ @ @ @ @ @ @ around 25 million Americans saw the end of their federal unemployment benefits , which had been providing out of work individuals with $ 600 a week on top of state benefits .
Even with this extra influx of cash , over 12 million people across the country were behind on rent payments .
Without it , the crisis will rapidly intensify .
Even if another round of funding makes its way to the public , desperate Americans will be forced to wait weeks if not months before they feel the relief .
In @ @ @ @ @ @ @ will see a sharp rise in food insecurity , homelessness , and financial ruin for families across the country as they lose their major economic lifeline .
ZeroHedge.com just published a concerning article about what could happen if additional measures are not put in place to continue to help Americans through this economic crisis .
Already , they wrote , food banks have experienced massive surges in the number of people showing up for meal assistance , with lines stretching for miles despite crushing summer heat .
This July , over 31 million @ @ @ @ @ @ @ .
Moreover , a couple weeks ago , 1.416 million Americans filed new claims for unemployment benefits .
Not only was this number higher than experts anticipated , but it also represented the first time the tally has increased week over week in more than three months .
Overall , the total number of Americans who have filed new claims for unemployment benefits since the health crisis hit the US has climbed to over 52 million .
Approximately one in five Americans are now receiving unemployment checks weekly , and this extra income @ @ @ @ @ @ @ rent payments .
Experts claim that state benefits are not nearly enough to keep Americans afloat .
After all , the average state check cashes in at only $ 333 a week .
In some states , like Oklahoma , aid runs as low as $ 100 .
At that rate , it is near impossible for out of work individuals to afford groceries and transportation , much less keep up with electricity bills and rent payments .
The looming fiscal cliff is one that some experts say we don ’ t have @ @ @ @ @ @ @ government continues to print billions of dollars , they argue , this money could be pushed back into the economy and the pockets of struggling Americans , easing the eviction and homelessness crises .
Housing advocates have been demanding $ 100 billion in rental assistance , along with an extension of a federal eviction moratorium that would prevent individual states from ending protections early .
House Democrats have suggested forgiveness on missed rent payments , but that approach leaves landlords , many of whom depend on rent payments for their own income , @ @ @ @ @ @ @ government has no real failsafe option for handling this unprecedented situation .
After all , the emergency measures put in place thus far–the federal unemployment benefits , rent protections , eviction moratoriums , and so on–have only pushed a deeper economic collapse further down a line .
If a second round of similar policy comes through , it will again delay the worst effects of the crisis , but inevitable devastation is always right around the corner .
In the meantime , the gap between cushions for vulnerable Americans will give us a @ @ @ @ @ @ @ have seen in our lifetimes .
Some experts have said the words being used to describe the impending disaster–cliff , avalanche , tsunami–may in fact be an understatement .
The only reason we haven ’ t yet seen an even bigger explosion in the number of evictions nationwide is because the emergency aid pushed it off .
In comparison to what ’ s ahead , the Great Recession of 2007-2009 will look like child ’ s play .

In this video, we’ll explain what the end of federal aid means for tens of millions of at risk Americans, and the catastrophic ways in which the coming waves of evictions, food shortage, and poverty could change the US forever.
Across the United States, the pandemic continues to worsen. The last few weeks have seen economic indicators slump again after brief and modest recoveries in May and early June. Yet, government policies fail to reflect the increasingly dire realities for tens of millions of Americans, as citizens across the country now teeter on the brink of homelessness in the midst of this economic collapse. The coming wave of evictions will be swift and brutal. Emergency measures put in place to protect renters expired last week, leaving many already vulnerable individuals subject to landlords that have been waiting for months to claim late payments and force the financially insecure from their residences.
The end of the Federal Eviction Moratorium means that any renters with a federally backed mortgage are at risk of eviction, and that category makes up over 25 percent of all US renters.
At the same time, around 25 million Americans saw the end of their federal unemployment benefits, which had been providing out of work individuals with $600 a week on top of state benefits. Even with this extra influx of cash, over 12 million people across the country were behind on rent payments. Without it, the crisis will rapidly intensify.
Even if another round of funding makes its way to the public, desperate Americans will be forced to wait weeks if not months before they feel the relief. In that window without cushion, the US will see a sharp rise in food insecurity, homelessness, and financial ruin for families across the country as they lose their major economic lifeline.
We are primarily funded by readers. Please subscribe and donate to support us!
ZeroHedge.com just published a concerning article about what could happen if additional measures are not put in place to continue to help Americans through this economic crisis. Already, they wrote, food banks have experienced massive surges in the number of people showing up for meal assistance, with lines stretching for miles despite crushing summer heat.
This July, over 31 million Americans collected some kind of unemployment benefits. Moreover, a couple weeks ago, 1.416 million Americans filed new claims for unemployment benefits. Not only was this number higher than experts anticipated, but it also represented the first time the tally has increased week over week in more than three months.
Overall, the total number of Americans who have filed new claims for unemployment benefits since the health crisis hit the US has climbed to over 52 million. Approximately one in five Americans are now receiving unemployment checks weekly, and this extra income has largely gone towards basic necessities like rent payments.
Experts claim that state benefits are not nearly enough to keep Americans afloat. After all, the average state check cashes in at only $333 a week. In some states, like Oklahoma, aid runs as low as $100. At that rate, it is near impossible for out of work individuals to afford groceries and transportation, much less keep up with electricity bills and rent payments.
The looming fiscal cliff is one that some experts say we don’t have to go over. If the federal government continues to print billions of dollars, they argue, this money could be pushed back into the economy and the pockets of struggling Americans, easing the eviction and homelessness crises. Housing advocates have been demanding $100 billion in rental assistance, along with an extension of a federal eviction moratorium that would prevent individual states from ending protections early. House Democrats have suggested forgiveness on missed rent payments, but that approach leaves landlords, many of whom depend on rent payments for their own income, to suffer. Ultimately, the US government has no real failsafe option for handling this unprecedented situation. After all, the emergency measures put in place thus far–the federal unemployment benefits, rent protections, eviction moratoriums, and so on–have only pushed a deeper economic collapse further down a line. If a second round of similar policy comes through, it will again delay the worst effects of the crisis, but inevitable devastation is always right around the corner.
In the meantime, the gap between cushions for vulnerable Americans will give us a glimpse into the worst rent crisis we have seen in our lifetimes. Some experts have said the words being used to describe the impending disaster–cliff, avalanche, tsunami–may in fact be an understatement. The only reason we haven’t yet seen an even bigger explosion in the number of evictions nationwide is because the emergency aid pushed it off. In comparison to what’s ahead, the Great Recession of 2007-2009 will look like child’s play.


investmentwatchblog--2020-07-31--White House Economic Adviser CONFIRMS 2nd Stimulus Check!

Jonathan Jones from The Western Journal reports , Many Americans will receive another round of direct payments in August , @ @ @ @ @ .
White House economic adviser Larry Kudlow told CNN Sunday that direct payments are included @ @ @ @ @ aimed at helping families and businesses through the economic hardships amid the ongoing coronavirus pandemic @

Jonathan Jones from The Western Journal reports, Many Americans will receive another round of direct payments in August, the White House confirmed Sunday. White House economic adviser Larry Kudlow told CNN Sunday that direct payments are included in another round of legislation aimed at helping families and businesses through the economic hardships amid the ongoing coronavirus pandemic.
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Read More/Source/Credit/FairUse:
www.westernjournal.com/white-…


investmentwatchblog--2020-07-31--The Next Leg Down: The Top 10% Are About to Take a Hit

No federal bailout or stimulus can reverse these three dynamics , and no amount of legerdemain can replace the spending of the top 10 % .
Few of those anxiously seeking a rebound in consumer spending take into account the top 10 % of households account for almost 50 % of consumption , and that top 10 % skews heavily to the older , wealthier top tier whose free-spending ways have been built on the enormous wealth effect as their stocks , bonds and real estate assets have soared in value over the past 12 years .
The top 10 @ @ @ @ @ @ @ hits cutting a swath through the bottom 90 % , but that ’ s about to change .
Few of the top 10 % have seen their pensions cut , their portfolios of stocks and bonds shredded , their home value in free-fall or their managerial / technocrat position eliminated .
Most are watching the financial devastation from the security of owning 85 % of the nation ’ s assets , and from positions in the protected-class with access to federal money , either directly or indirectly .
Three factors could materially suppress @ @ @ @ @ @ @ 50 % of all consumer spending .
1 .
Age-related caution about exposure to the virus .
Not only are many of the top 10 % older , many of these households are caring for parents in their 70s , 80s or 90s .
Given the heightened risks for these demographics , is it really worth it to go into crowds for entertainment ?
The short answer is no .
Furthermore , these older , wealthier households have been there and done that— foregoing cruises , air travel , fine dining , live @ @ @ @ @ @ @ much of a sacrifice , as they ’ ve enjoyed all these niceties for decades .
2 .
As corporate revenues and profits continue sliding , the managerial / tech class will start getting culled .
All sorts of positions that looked “ essential ” before the pandemic are suddenly on the chopping block .
3 .
The wealth effect is about to reverse as the Everything Bubble finally pops .
With the Nasdaq at record highs , bonds rising in value as yields plummet and the real estate market bubbling along on @ @ @ @ @ @ @ reversal is widely viewed as “ impossible.
” Of course it is–until it isn ’ t .
All bubbles pop .
All the bright spots of consumption fueled by top 10 % spending–rising sales of second homes , RVs , home remodeling , etc.–are based on the incomes and wealth of the top 10 % never materially declining .
But how realistic is it to reckon a rotten-to-the-core economy dominated by greedy monopolies and cartels and looted by financier skims that is finally in an inevitable free-fall would magically leave the top 10 @ @ @ @ @ @ @ to reckon that the Everything Bubble would magically continue inflating forever when history is conclusive that all bubbles pop ?
No federal bailout or stimulus can reverse these three dynamics , and no amount of legerdemain can replace the spending of the top 10 % .
Charles Hugh Smith on the disconnect between the Markets and the Economy ( 51 min )

by Charles Hugh-Smith
No federal bailout or stimulus can reverse these three dynamics, and no amount of legerdemain can replace the spending of the top 10%.
Few of those anxiously seeking a rebound in consumer spending take into account the top 10% of households account for almost 50% of consumption, and that top 10% skews heavily to the older, wealthier top tier whose free-spending ways have been built on the enormous wealth effect as their stocks, bonds and real estate assets have soared in value over the past 12 years.
The top 10% has largely escaped the significant financial hits cutting a swath through the bottom 90%, but that’s about to change. Few of the top 10% have seen their pensions cut, their portfolios of stocks and bonds shredded, their home value in free-fall or their managerial / technocrat position eliminated. Most are watching the financial devastation from the security of owning 85% of the nation’s assets, and from positions in the protected-class with access to federal money, either directly or indirectly.
Three factors could materially suppress the future consumption of those responsible for 50% of all consumer spending.
1. Age-related caution about exposure to the virus. Not only are many of the top 10% older, many of these households are caring for parents in their 70s, 80s or 90s. Given the heightened risks for these demographics, is it really worth it to go into crowds for entertainment? The short answer is no. Furthermore, these older, wealthier households have been there and done that— foregoing cruises, air travel, fine dining, live music, etc. is not that much of a sacrifice, as they’ve enjoyed all these niceties for decades.
2. As corporate revenues and profits continue sliding, the managerial / tech class will start getting culled. All sorts of positions that looked “essential” before the pandemic are suddenly on the chopping block.
We are primarily funded by readers. Please subscribe and donate to support us!
3. The wealth effect is about to reverse as the Everything Bubble finally pops. With the Nasdaq at record highs, bonds rising in value as yields plummet and the real estate market bubbling along on 3% mortgage rates, such a reversal is widely viewed as “impossible.” Of course it is–until it isn’t. All bubbles pop.
All the bright spots of consumption fueled by top 10% spending–rising sales of second homes, RVs, home remodeling, etc.–are based on the incomes and wealth of the top 10% never materially declining. But how realistic is it to reckon a rotten-to-the-core economy dominated by greedy monopolies and cartels and looted by financier skims that is finally in an inevitable free-fall would magically leave the top 10% untouched?
How realistic is it to reckon that the Everything Bubble would magically continue inflating forever when history is conclusive that all bubbles pop?
No federal bailout or stimulus can reverse these three dynamics, and no amount of legerdemain can replace the spending of the top 10%.
Recent Podcasts:
AxisOfEasy Salon #14: Jobageddon and the Coming Education Revolts
Charles Hugh Smith on the disconnect between the Markets and the Economy (51 min)


investmentwatchblog--2020-07-31--We Are Experiencing Economic Devastation On A Scale That America Has Never Seen Before

For a very long time we have been warned that a U.S. economic collapse was inevitably coming , and now it is here .
Fear of COVID-19 and unprecedented civil unrest in our major cities have combined to plunge us into a historic economic downturn , and nobody is exactly sure what is going to happen next .
On Thursday , we learned that U.S. GDP was down 32.9 percent on an annualized basis last quarter .
That officially makes last quarter the worst quarter in all of U.S. history , and many people believe that this new economic depression @ @ @ @ @ @ @ course not all areas of the country are being affected equally .
According to USA Today , states such as Hawaii , Nevada , Michigan and New York were hit particularly hard last quarter… Originally , the mainstream media was telling us that the U.S. economy would come surging back to life during the third quarter , but we continue to get more signs that indicate that the economy is starting to slow down again .
For example , the Labor Department just released some new numbers that were more than just a @ @ @ @ @ @ @ believe it , another 1.434 million Americans filed new claims for unemployment benefits last week .
That was an increase over last week ’ s revised number , and it represents the second week in a row that initial claims have risen .
Overall , new claims for unemployment benefits have now been above one million for 19 weeks in a row .
Personally , I don ’ t know how this is even possible .
Prior to this year , the all-time record for a single week was just 695,000 .
The @ @ @ @ @ @ @ after week are so obscene that they are truly difficult to believe .
Overall , a grand total of more than 54 million Americans have filed new claims for unemployment benefits during the last 19 weeks .
But there were only 152 million Americans working when employment peaked back in February .
So how is it possible that 54 million workers have filed initial claims for unemployment benefits so far this year ?
Have things really gotten that bad ?
Maybe they have .
Bloomberg just reported on a recent Census Bureau survey @ @ @ @ @ @ @ that they did not have enough food to eat during the week that ended on July 21st… Once again , those numbers are so shocking that they are hard for me to believe .
Are there really tens of millions of Americans that can not afford three meals a day right now ?
Maybe there are , but it is still difficult to grasp the fact that we have fallen so far in such a short period of time .
Meanwhile , we just got more bad news about the restaurant industry .
@ @ @ @ @ @ @ at least 15 percent of all restaurants in the entire country will be shutting down .
The following comes from Zero Hedge… The National Restaurant Association has determined that at least 15 % of all restaurants will close .
This number could be a lot higher at the end of the year as Goldman Sachs reports the economic recovery is now reversing .
Small restaurant operators , who fear a double-dip recession , have now resorted to liquidating their eateries on Facebook Marketplace .
A simple search of “ restaurant ” on Facebook @ @ @ @ @ @ @ , New Jersey , comes up with dozens and dozens and dozens of mom and pop eateries that are trying to get out of the game .
Actually , if we only lose 15 percent of our restaurants we should hold a massive celebration , because that will be a rip-roaring victory .
As fear of COVID-19 stretches on month after month , and as civil unrest becomes even worse , it will become increasingly difficult for restaurants , bars , movie theaters and other establishments where the public gathers to survive .
@ @ @ @ @ @ @ we are going to lose hundreds of thousands of restaurants , and it deeply grieves me to say that .
Of course every industry is going to be devastated by this new economic depression , and even the biggest names are going to get hit really hard .
In fact , you know that things are starting to get really bad when even Walmart starts laying off workers… If Walmart executives truly believed that the U.S. economy was going to be returning to normal , they would not have made such a move @ @ @ @ @ @ @ be clear to everyone that there isn ’ t going to be a return to normal .
Very challenging times are on the horizon , and what we have experienced so far is just the tip of the iceberg .
More big corporations are going to go bankrupt , more businesses are going to fail , more workers are going to be laid off , and the financial dominoes are going to start to fall at a pace that is absolutely breathtaking .
So many of the things that myself and so many @ @ @ @ @ @ @ are starting to happen .
A great unraveling has begun , and it is imperative for all of us to find a way to survive the severe economic pain that is ahead of us .

by Michael Snyder
For a very long time we have been warned that a U.S. economic collapse was inevitably coming, and now it is here. Fear of COVID-19 and unprecedented civil unrest in our major cities have combined to plunge us into a historic economic downturn, and nobody is exactly sure what is going to happen next. On Thursday, we learned that U.S. GDP was down 32.9 percent on an annualized basis last quarter. That officially makes last quarter the worst quarter in all of U.S. history, and many people believe that this new economic depression is just getting started. But of course not all areas of the country are being affected equally. According to USA Today, states such as Hawaii, Nevada, Michigan and New York were hit particularly hard last quarter…
Every state was walloped last quarter, though ones that rely heavily on travel and tourism, such as Hawaii and Nevada, were hit hardest by the downturn, according to employment figures analyzed by economist Adam Kamins of Moody’s Analytics. Michigan, the heart of the nation’s auto industry, was slammed as consumers put off car purchases. And densely populated Northeast states struck by the most severe virus outbreaks – like New York, New Jersey and Massachusetts – absorbed among the heaviest economic losses as governors shut down earlier and residents stayed home.
Originally, the mainstream media was telling us that the U.S. economy would come surging back to life during the third quarter, but we continue to get more signs that indicate that the economy is starting to slow down again.
For example, the Labor Department just released some new numbers that were more than just a little bit startling. If you can believe it, another 1.434 million Americans filed new claims for unemployment benefits last week. That was an increase over last week’s revised number, and it represents the second week in a row that initial claims have risen.
Overall, new claims for unemployment benefits have now been above one million for 19 weeks in a row.
Personally, I don’t know how this is even possible. Prior to this year, the all-time record for a single week was just 695,000. The numbers that we have been getting week after week are so obscene that they are truly difficult to believe.
Overall, a grand total of more than 54 million Americans have filed new claims for unemployment benefits during the last 19 weeks.
But there were only 152 million Americans working when employment peaked back in February. So how is it possible that 54 million workers have filed initial claims for unemployment benefits so far this year?
Have things really gotten that bad?
Maybe they have. Bloomberg just reported on a recent Census Bureau survey that found that 30 million Americans claim that they did not have enough food to eat during the week that ended on July 21st…
Food insecurity for U.S. households last week reached its highest reported level since the Census Bureau started tracking the data in May, with almost 30 million Americans reporting that they’d not had enough to eat at some point in the seven days through July 21. In the bureau’s weekly Household Pulse Survey, roughly 23.9 million of 249 million respondents indicated they had “sometimes not enough to eat” for the week ended July 21, while about 5.42 million indicated they had “often not enough to eat.”
Once again, those numbers are so shocking that they are hard for me to believe.
Are there really tens of millions of Americans that cannot afford three meals a day right now?
Maybe there are, but it is still difficult to grasp the fact that we have fallen so far in such a short period of time.
We are primarily funded by readers. Please subscribe and donate to support us!
Meanwhile, we just got more bad news about the restaurant industry. According to the National Restaurant Association, at least 15 percent of all restaurants in the entire country will be shutting down. The following comes from Zero Hedge…
The National Restaurant Association has determined that at least 15% of all restaurants will close. This number could be a lot higher at the end of the year as Goldman Sachs reports the economic recovery is now reversing. Small restaurant operators, who fear a double-dip recession, have now resorted to liquidating their eateries on Facebook Marketplace. A simple search of “restaurant” on Facebook Marketplace, within 80 miles of Trenton, New Jersey, comes up with dozens and dozens and dozens of mom and pop eateries that are trying to get out of the game.
Actually, if we only lose 15 percent of our restaurants we should hold a massive celebration, because that will be a rip-roaring victory.
As fear of COVID-19 stretches on month after month, and as civil unrest becomes even worse, it will become increasingly difficult for restaurants, bars, movie theaters and other establishments where the public gathers to survive.
In the end, I think that we are going to lose hundreds of thousands of restaurants, and it deeply grieves me to say that.
Of course every industry is going to be devastated by this new economic depression, and even the biggest names are going to get hit really hard.
In fact, you know that things are starting to get really bad when even Walmart starts laying off workers…
Walmart Inc. is joining the ranks of Macy’s and L Brands in eliminating hundreds of corporate jobs in order to cut costs. Employees in the mega-retailer’s store planning, logistics, and real estate units have reportedly received pink slips, reported Bloomberg Thursday
If Walmart executives truly believed that the U.S. economy was going to be returning to normal, they would not have made such a move.
But at this point it should be clear to everyone that there isn’t going to be a return to normal.
Very challenging times are on the horizon, and what we have experienced so far is just the tip of the iceberg.
More big corporations are going to go bankrupt, more businesses are going to fail, more workers are going to be laid off, and the financial dominoes are going to start to fall at a pace that is absolutely breathtaking.
So many of the things that myself and so many other economic writers have been warning about are starting to happen.
A great unraveling has begun, and it is imperative for all of us to find a way to survive the severe economic pain that is ahead of us.


investmentwatchblog--2020-07-31--A Sizable Earthquake Just Hit Los Angeles, And The Clock Is Ticking For The West Coast Of The United

A Sizable Earthquake Just Hit Los Angeles, And The Clock Is Ticking For The West Coast Of The United States

Every time the west coast shakes , it is another reminder that a day of reckoning is fast approaching .
Someday time will run out and “ the Big One ” will finally strike , and the devastation will be far more immense than most people would dare to imagine .
Over the last 7 days , there have been 1,957 earthquakes in California and Nevada , but the one that everyone is talking about is the magnitude 4.2 earthquake that just shook up Los Angeles .
According to ABC News , this quake was large enough to trigger “ @ @ @ @ @ @ @ quake warning system ” … A magnitude 4.2 earthquake gave the Los Angeles region a predawn wake-up call Thursday , triggering local alerts from the state ’ s new quake warning system but resulting in no reports of significant damage .
The 4:29 a.m. jolt was centered in the northern San Fernando Valley and occurred at a depth of 5.5 miles ( 8.9 kilometers ) , the U.S. Geological Survey said .
Dozens of aftershocks followed .
The good news is that nobody died , but millions of people throughout the region were @ @ @ @ @ @ @ .
After experiencing tremendous shaking at her house , Khloe Kardashian posted her startled reaction on Twitter… If she thought that quake was really bad , just wait until she sees what is coming .
According to the USGS , a magnitude 9.0 earthquake would be 63,095 times bigger than the quake that just happened , and it would be 15,848,931 times more powerful .
Of course we don ’ t know if “ the Big One ” will be exactly that magnitude , but I wanted to give you some idea of @ @ @ @ @ @ @ it arrives .
For decades , California residents have been warned about “ the Big One ” , and it hasn ’ t happened yet .
So a lot of people have been lulled into a false sense of security , and that is a huge mistake .
Scientists continue to assure us that it is just a matter of time before it strikes .
In fact , Dr. Michio Kaku insists that “ the Big One ” is “ way overdue ” … And when it arrives , it could literally devastate @ @ @ @ @ @ @ Fox News , one study found that the full length of the San Andreas fault could potentially “ unzip all at once ” … .
If such a seismic event took place , would part of California snap off like a cracker and fall into the Pacific Ocean like many people believe ?
No , that is not the way that it works .
However , there is no denying that vast portions of southern California are just barely above sea level , and scientists tell us that there have been earthquakes in @ @ @ @ @ @ @ southern California to suddenly sink by as much as three feet .
If a large enough earthquake happened and huge areas of southern California were suddenly several feet below sea level , there wouldn ’ t be anything to keep the Pacific Ocean from rushing in .
It would truly be a nightmare scenario , and one team of scientists found that such a scenario is actually quite realistic… Cal State Fullerton professor Matt Kirby was one of the scientists that worked on that study , and he says that the process would @ @ @ @ @ @ @ you live in southern California , that should chill you to the core .
Because this is not just a theoretical exercise .
As I detail in my brand new book , this will happen someday .
We are moving into a time of increased seismic activity , and the entire globe will be shaken as extremely violent seismic events erupt with frightening regularity .
Residents of the west coast need to especially be concerned , because the entire west coast sits directly along the infamous “ Ring of Fire ” .
In @ @ @ @ @ @ @ San Andreas fault , scientists are also warning us that it is just a matter of time before there is a colossal seismic event along the Cascadia Subduction Zone , and there are signs that several volcanoes along the west coast ( including Mt .
Rainier ) are starting to reawaken .
In addition , we should also keep a close eye on Mt .
Popocatepetl down in Mexico , because it has been belching clouds of hot ash with alarming regularity lately .
Of course the mockers will continue to mock the @ @ @ @ @ @ @ mock articles like this until the day comes when they aren ’ t able to mock anymore .
If you don ’ t want to believe what I am telling you , and you just want to cling to the belief that everything will be just fine somehow , go ahead and do that .
And tomorrow when you wake up everything probably will be just fine .
But one disaster will suddenly strike , and at that moment you will realize that you should have heeded the warnings while you still had @ @ @

by Michael Snyder
Every time the west coast shakes, it is another reminder that a day of reckoning is fast approaching. Someday time will run out and “the Big One” will finally strike, and the devastation will be far more immense than most people would dare to imagine. Over the last 7 days, there have been 1,957 earthquakes in California and Nevada, but the one that everyone is talking about is the magnitude 4.2 earthquake that just shook up Los Angeles. According to ABC News, this quake was large enough to trigger “alerts from the state’s new quake warning system”…
A magnitude 4.2 earthquake gave the Los Angeles region a predawn wake-up call Thursday, triggering local alerts from the state’s new quake warning system but resulting in no reports of significant damage. The 4:29 a.m. jolt was centered in the northern San Fernando Valley and occurred at a depth of 5.5 miles (8.9 kilometers), the U.S. Geological Survey said. Dozens of aftershocks followed.
The good news is that nobody died, but millions of people throughout the region were definitely deeply alarmed when they felt it.
After experiencing tremendous shaking at her house, Khloe Kardashian posted her startled reaction on Twitter…
A number of celebrities who were jolted awake by the tremors shared their reactions on Twitter, including Khloé Kardashian, who said the event felt much more serious than the official numbers suggested. “Oh man!! Wow that felt much bigger than a 4.5 #earthquake. So scary!” Kardashian, 36, tweeted. “Sneakers and my flashlight by my bed.”
If she thought that quake was really bad, just wait until she sees what is coming.
According to the USGS, a magnitude 9.0 earthquake would be 63,095 times bigger than the quake that just happened, and it would be 15,848,931 times more powerful.
Of course we don’t know if “the Big One” will be exactly that magnitude, but I wanted to give you some idea of how incredibly destructive it will be when it arrives.
For decades, California residents have been warned about “the Big One”, and it hasn’t happened yet. So a lot of people have been lulled into a false sense of security, and that is a huge mistake.
Scientists continue to assure us that it is just a matter of time before it strikes. In fact, Dr. Michio Kaku insists that “the Big One” is “way overdue”…
He tweeted: “The last Big One in the LA area was in 1680, over 300 years ago.” “The average cycle time for big earthquakes on the San Andreas fault is 135 years. We are way overdue.“
And when it arrives, it could literally devastate the entire California coastline.
According to Fox News, one study found that the full length of the San Andreas fault could potentially “unzip all at once”….
For years, scientists believed the mighty San Andreas—the 800-mile-long fault running the length of California where the Pacific and North American plates meet—could only rupture in isolated sections. But a recent study by federal, state and academic researchers showed that much of the fault could unzip all at once, unleashing a rare, singular catastrophe. Now, insurers have used that research to come up with a new analysis of the damage that could be caused by statewide break of the San Andreas.
If such a seismic event took place, would part of California snap off like a cracker and fall into the Pacific Ocean like many people believe?
No, that is not the way that it works.
We are primarily funded by readers. Please subscribe and donate to support us!
However, there is no denying that vast portions of southern California are just barely above sea level, and scientists tell us that there have been earthquakes in the past that have caused parts of southern California to suddenly sink by as much as three feet.
If a large enough earthquake happened and huge areas of southern California were suddenly several feet below sea level, there wouldn’t be anything to keep the Pacific Ocean from rushing in. It would truly be a nightmare scenario, and one team of scientists found that such a scenario is actually quite realistic…
The Big One may be overdue to hit California, but scientists near LA have found a new risk for the area during a major earthquake. They claim that if a major tremor hits the area, it could plunge large parts of California into the sea almost instantly.
Cal State Fullerton professor Matt Kirby was one of the scientists that worked on that study, and he says that the process would “happen relatively instantaneously”…
‘It´s something that would happen relatively instantaneously,’ Kirby said. ‘Probably today if it happened, you would see seawater rushing in.’
If you live in southern California, that should chill you to the core.
Because this is not just a theoretical exercise. As I detail in my brand new book, this will happen someday.
We are moving into a time of increased seismic activity, and the entire globe will be shaken as extremely violent seismic events erupt with frightening regularity.
Residents of the west coast need to especially be concerned, because the entire west coast sits directly along the infamous “Ring of Fire”. In addition to a massive earthquake along the San Andreas fault, scientists are also warning us that it is just a matter of time before there is a colossal seismic event along the Cascadia Subduction Zone, and there are signs that several volcanoes along the west coast (including Mt. Rainier) are starting to reawaken.
In addition, we should also keep a close eye on Mt. Popocatepetl down in Mexico, because it has been belching clouds of hot ash with alarming regularity lately.
Of course the mockers will continue to mock the scientific warnings and they will continue to mock articles like this until the day comes when they aren’t able to mock anymore.
If you don’t want to believe what I am telling you, and you just want to cling to the belief that everything will be just fine somehow, go ahead and do that.
And tomorrow when you wake up everything probably will be just fine.
But one disaster will suddenly strike, and at that moment you will realize that you should have heeded the warnings while you still had the chance.


investmentwatchblog--2020-07-31--[Forbes] Uber now faces making significant changes to business model in the U.K. and could set a pre

[Forbes] Uber now faces making significant changes to business model in the U.K. and could set a precedent for gig economy workers around the world. If the court does agree that Uber is a transportation provider, the estimated figure for Uber’s VAT in the U.K. could be in “excess” of $1.3B per year.

Uber , the mobile ride-hailing giant responsible globally for over 1.9 billion “ trips ” a year is facing a summer showdown in two London courts as scrutiny mounts over licensing issues and the drivers ’ classification as “ workers.
” Both cases have huge ramifications for Uber and could set a precedent for so-called “ gig economy ” workers around the world .
With decisions expected in September , the two Uber drivers at the heart of the 5-year long battle for representation and basic rights have told Forbes that Uber ’ s ride-hailing system is a danger to @ @ @ @ @ @ @ is desperately needed .
The former drivers claim that forcing Uber to accept drivers as workers will rid Uber of its “ sweatshop labor ” culture , and help reset the dehumanising “ entitlement ” differential between riders and drivers .
London ’ s Supreme court has now broken to consider its decision .
Uber now faces making significant changes to its business model in the U.K .
If the court rules against Uber , they will be expected to pay minimum wage and grant holiday time to drivers .
However , that @ @ @ @ @ @ @ to the 20 % VAT and 13.2 % national insurance contributions Uber will have to pay to the British taxman if the court does agree that Uber is a “ transportation provider.
” The Good Law project has estimated from 2017 earnings that the figure for Uber ’ s VAT in the U.K. could be in “ excess ” of $ 1.3 billion per year .
Last week London ’ s Supreme Court began hearing Uber BV v Aslam , a case that could rumble on for the duration of summer and could @ @ @ @ @ @ @ the world ’ s largest taxi firm – a global employer of drivers and not merely an app that connects passenger , driver , destination and payment .
Uber is attempting , for the third and final time after two rejected appeals , to overturn an Employment Tribunal decision from July 2016 where claimants Yaseen Aslam and James Farrar successfully argued that Uber drivers are workers whenever Uber ’ s app is switched on and they are ready and able to take trips .
The Tribunal ruled that as workers Uber drivers should @ @ @ @ @ @ @ minimum wage and receive paid holiday while on the clock .
Uber argued , in claims now synonymous with the “ gig ” economy , that the drivers using the app are self-employed independent contractors , while they – Uber – are an agent , merely providing the technology to connect drivers with passengers and process their payments .
The Supreme Court ruling pitches a global tech super-power with a $ 50 billion plus market cap , against the very drivers that made Uber such a phenomenal offering .
If London ’ s @ @ @ @ @ @ @ s ruling , Uber will be forced to recognise drivers as much more than merely contractors and will be entitled to basic worker benefits and the minimum wage .
With ongoing legal proceedings in the Supreme Court of Canada and with an incoming lawsuit from California ’ s attorney general filed in May – all eyes are on London to potentially set a global precedent .

www.forbes.com/sites/daviddawkins/2020/07/30/uber-vs-london–the-courtroom-battle-the-world-is-watching/#38662ffd6973
Uber, the mobile ride-hailing giant responsible globally for over 1.9 billion “trips” a year is facing a summer showdown in two London courts as scrutiny mounts over licensing issues and the drivers’ classification as “workers.” Both cases have huge ramifications for Uber and could set a precedent for so-called “gig economy” workers around the world.
With decisions expected in September, the two Uber drivers at the heart of the 5-year long battle for representation and basic rights have told Forbes that Uber’s ride-hailing system is a danger to its exhausted drivers, and global change is desperately needed. The former drivers claim that forcing Uber to accept drivers as workers will rid Uber of its “sweatshop labor” culture, and help reset the dehumanising “entitlement” differential between riders and drivers. London’s Supreme court has now broken to consider its decision.
Uber now faces making significant changes to its business model in the U.K. If the court rules against Uber, they will be expected to pay minimum wage and grant holiday time to drivers. However, that sum is likely to pale in comparison to the 20% VAT and 13.2% national insurance contributions Uber will have to pay to the British taxman if the court does agree that Uber is a “transportation provider.” The Good Law project has estimated from 2017 earnings that the figure for Uber’s VAT in the U.K. could be in “excess” of $1.3 billion per year.
Last week London’s Supreme Court began hearing Uber BV v Aslam, a case that could rumble on for the duration of summer and could potentially transform Uber from tech giant to the world’s largest taxi firm – a global employer of drivers and not merely an app that connects passenger, driver, destination and payment.
Uber is attempting, for the third and final time after two rejected appeals, to overturn an Employment Tribunal decision from July 2016 where claimants Yaseen Aslam and James Farrar successfully argued that Uber drivers are workers whenever Uber’s app is switched on and they are ready and able to take trips. The Tribunal ruled that as workers Uber drivers should be paid the U.K.’s national minimum wage and receive paid holiday while on the clock. Uber argued, in claims now synonymous with the “gig” economy, that the drivers using the app are self-employed independent contractors, while they – Uber – are an agent, merely providing the technology to connect drivers with passengers and process their payments.
The Supreme Court ruling pitches a global tech super-power with a $50 billion plus market cap, against the very drivers that made Uber such a phenomenal offering. If London’s Supreme Court upholds the employment tribunal’s ruling, Uber will be forced to recognise drivers as much more than merely contractors and will be entitled to basic worker benefits and the minimum wage. With ongoing legal proceedings in the Supreme Court of Canada and with an incoming lawsuit from California’s attorney general filed in May – all eyes are on London to potentially set a global precedent.


investmentwatchblog--2020-07-31--The next wave of protests.

The next wave of protests.

The Pandemic May Cause 40 Million Americans to Lose Their Homes Even as unemployment levels remain at historic highs and @ @ @ @ @ no sign of abating , statewide eviction moratoriums in more than 30 states have now @ @ @ @ @ in the CARES Act are gone .
Two families tell their stories .
The Persistently @ @ @ @ @ Economists , Who Say a Recovery Could Take Years The latest data casts doubt on @ @ @ @ @ the economy to recover and for the millions of lost jobs to come back .

The next wave of protests. t.co/fHsZdwINPW — Sunchartist (@sunchartist) July 30, 2020
Even as unemployment levels remain at historic highs and cases of the virus show no sign of abating, statewide eviction moratoriums in more than 30 states have now lifted and protections for renters in the CARES Act are gone. Two families tell their stories.
We are primarily funded by readers. Please subscribe and donate to support us!
The latest data casts doubt on how long it will take the economy to recover and for the millions of lost jobs to come back.
And the winner of Covid-19 is AMAZON & Big Tech🤗🤗🤗 And the losers of Covid-19 is working class people & small firms that are forced to shut down so big tech can gain market share. Who owns the Washington Post? Jeff Bezos. He owns a major media in the USA & factory of truth. pic.twitter.com/lyVSnJFDeS — Trinh (@Trinhnomics) July 31, 2020


investmentwatchblog--2020-08-01--The Public Debt Ratio Will Rise Considerably, US Dollar Has Worst Month Since 2010, Fitch Cuts Outlo

The Public Debt Ratio Will Rise Considerably, US Dollar Has Worst Month Since 2010, Fitch Cuts Outlook on U.S. to ‘Negative’ From ‘Stable’…

The Public Debt Ratio Will Rise Considerably in the United States and the Eurozone : Natixis Many questions have arisen as to the effect of this very high level of public debt on the economies , so we will look at the situation in japan , where public debt has been very high for more than 20years .
US Dollar Has Worst Month Since 2010 in ‘ Relentless ’ Sell-Off : FT The US dollar has tumbled the most in a decade this month , propelling sterling and the euro higher amid questions over the recovery of the world ’ @ @ @ @ @ @ @ .
Fitch Cuts Outlook on U.S. to ‘ Negative ’ From ‘ Stable ’ Ratings agency Fitch on Friday cut its outlook on the United States from “ negative ” to “ stable , ” citing deterioration in the country ’ s public finances and the absence of a credible fiscal consolidation plan .
The Fed ’ s Dollar Debasement Will Trigger An Unprecedented Structural Shift 2010s were decade of liquidity , globalization , profits ; 2020s will be decade of deficits , localization , redistribution ; War on Inequality means monetary policy @ @ @ @ @ @ @ of 2020s : MMT , UBI , debt forgiveness .

Many questions have arisen as to the effect of this very high level of public debt on the economies,so we will look at the situation in japan, where public debt has been very high for more than 20years.
The US dollar has tumbled the most in a decade this month, propelling sterling and the euro higher amid questions over the recovery of the world’s biggest economy and growing political uncertainty.
We are primarily funded by readers. Please subscribe and donate to support us!
Ratings agency Fitch on Friday cut its outlook on the United States from “negative” to “stable,” citing deterioration in the country’s public finances and the absence of a credible fiscal consolidation plan.
2010s were decade of liquidity, globalization, profits; 2020s will be decade of deficits, localization, redistribution; War on Inequality means monetary policy to be replaced by unconventional fiscal policies of 2020s: MMT, UBI, debt forgiveness.
GOLD NEW CLOSING MONTH HIGH $1,970 — The_Real_Fly (@The_Real_Fly) July 31, 2020


investmentwatchblog--2020-07-31--BUYBACKS DEAD EXCEPT FOR TECH

BUYBACKS DEAD EXCEPT FOR TECH

Many companies have kept buying back their shares , even as the global recession deepens .
“ As long as @ @ @ @ @ that is earning money greater than your borrowing rate , you can just keep borrowing @ @ @ @ @ t.co/8mGlno4JfZ pic.twitter.com/o1cbAwcvio

Many companies have kept buying back their shares, even as the global recession deepens. “As long as you’re a company that is earning money greater than your borrowing rate, you can just keep borrowing and buying back shares.” t.co/8mGlno4JfZ pic.twitter.com/o1cbAwcvio
— Lisa Abramowicz (@lisaabramowicz1) July 31, 2020


investmentwatchblog--2020-07-31--As if 0% rates aren’t Zombifying. Europe’s banks already……witness the Cov-Lite problem

How many ECB economists🤡 does it take to see a problem and fix it ahead of time ?
# Corrupt @ @ @ @ @ rates are n't Zombifying☠💀☠ Europe 's banks already……witness the Cov-Lite problem🤦♂ U.S. insurance companies own @ @ @ @ @ , assets that are experiencing increasingly serious stress during this crisis .
Meanwhile , not @ @ @ @ @ , most complex , & interconnected global firms–face strong federal oversight .
t.co/Fdw0wTNsjj

How many ECB economists🤡 does it take to see a problem and fix it ahead of time? #Corrupt pic.twitter.com/NhtoZ060KY
As if 0% rates aren't Zombifying☠💀☠ Europe's banks already……witness the Cov-Lite problem🤦♂
U.S. insurance companies own $158 billion in CLOs, assets that are experiencing increasingly serious stress during this crisis.
Meanwhile, not a single insurer–even the largest, most complex, & interconnected global firms–face strong federal oversight. t.co/Fdw0wTNsjj
— Gregg Gelzinis (@FinGregg) July 30, 2020


investmentwatchblog--2020-07-31--Job Searches Throwing In The Towel, Global Business Activity In Freefall, Europe Plunges Into A Deep

Job Searches Throwing In The Towel, Global Business Activity In Freefall, Europe Plunges Into A Deep Recession…

Stringent lockdowns weighed heavily on Europe ’ s economy in the second quarter , causing a record decline that was even more severe than in the U.S. , but the continent ’ s strategy of containment coupled with aggressive stimulus is fanning hopes of a robust recovery .
The eurozone ’ s gross domestic product fell 40.3 % annually in the three months through June , exceeding the U.S. economy ’ s 32.9 % contraction , according to data published Friday .
That is by far the sharpest decline since comparable records began in 1995 , according to the European @ @ @ @ @ @ @ , recent statistics suggest Europe is having a “ much bigger snapback and there are some indicators that it may be getting ahead [ of the U.S. ] , ” said Holger Schmieding , chief economist at Berenberg Bank .
The U.S. economy is being supported by a massive fiscal stimulus that will likely translate into a 2020 government budget deficit roughly twice as large as Europe ’ s , Mr. Schmieding added .
“ The U.S. is paying with fiscal stimulus for its failure to tackle the pandemic decisively , ” he @ @ @ @ @ @ @ tens of thousands of new infections each day , Europe has largely brought the virus under control , even as it has eased restrictions and reopened internal borders , notwithstanding an increase in cases in countries such as France and Spain .
Confidence appears to be gaining among European consumers and businesses , supported by the billions that governments have lavished on job-protection schemes , aggressive stimulus from the European Central Bank , and a groundbreaking €1.8 trillion ( $ 2.1 trillion ) spending package unveiled by EU leaders last week .
The @ @ @ @ @ @ @ in Greece , long one of the continent ’ s weakest performers , by about 2 percentage points a year for the next six years , the country ’ s central bank governor , Yannis Stournaras , said .

Eurozone Economy Contracts by Record 40%
Stringent lockdowns weighed heavily on Europe’s economy in the second quarter, causing a record decline that was even more severe than in the U.S., but the continent’s strategy of containment coupled with aggressive stimulus is fanning hopes of a robust recovery.
The eurozone’s gross domestic product fell 40.3% annually in the three months through June, exceeding the U.S. economy’s 32.9% contraction, according to data published Friday. That is by far the sharpest decline since comparable records began in 1995, according to the European Union’s statistics agency.
However, recent statistics suggest Europe is having a “much bigger snapback and there are some indicators that it may be getting ahead [of the U.S.],” said Holger Schmieding, chief economist at Berenberg Bank.
The U.S. economy is being supported by a massive fiscal stimulus that will likely translate into a 2020 government budget deficit roughly twice as large as Europe’s, Mr. Schmieding added.
“The U.S. is paying with fiscal stimulus for its failure to tackle the pandemic decisively,” he said.
While the U.S. grapples with tens of thousands of new infections each day, Europe has largely brought the virus under control, even as it has eased restrictions and reopened internal borders, notwithstanding an increase in cases in countries such as France and Spain.
Confidence appears to be gaining among European consumers and businesses, supported by the billions that governments have lavished on job-protection schemes, aggressive stimulus from the European Central Bank, and a groundbreaking €1.8 trillion ($2.1 trillion) spending package unveiled by EU leaders last week.
The EU stimulus will push up economic growth in Greece, long one of the continent’s weakest performers, by about 2 percentage points a year for the next six years, the country’s central bank governor, Yannis Stournaras, said.


investmentwatchblog--2020-07-31--Bad News for Biden: New Poll Shows Huge Number of Americans Concerned About Violence, Blame the Demo

Bad News for Biden: New Poll Shows Huge Number of Americans Concerned About Violence, Blame the Democrats

Dems have banked on Americans being too stupid and too easily swayed by the MSM propaganda machine to see what ’ s going on .
They were wrong .
Poll : Huge Number of Americans Concerned About the Violence , Who They Blame Is Not Good for Biden By Nick Arama | July 31 , 2020 ( redstate.com ) – A new poll out indicates that this showing is not good news for Democrats and Joe Biden .
The Harvard CAPS/Harris Poll contacted 1,932 registered voters on July 21-23 .
According to the poll , 77 % are concerned about @ @ @ @ @ @ @ that ’ s an astronomical percentage… Now , normally one would think that an increase in crime would be bad for the incumbent , Donald Trump .
But the poll also indicates that Americans are hip to what ’ s been going on… Americans are seeing Democrats not condemning the violence and kowtowing to the protesters , allowing this all to fester and get worse .
The only party condemning it , the Republicans .
The person doing something to try to stop it ?
Donald Trump .
People see radical leftists calling @ @ @ @ @ @ @ ’ t like it , they ’ re rightly concerned .
I ’ ve seen it myself anecdotally with friends and family members saying they now intend to vote for President Trump because of all this .
They get it .
The left is losing the middle 11:32 AM · Jul 27 , 2020 · Twitter for iPhone 93.2K Retweets and comments 545.1K Likes Vandalism Is Violence : Destructive Riots Are Not ‘ Just Property Damage ’ Property rights are human rights , and we discard them at our own peril .
By @ @ @ @ @ @ @ Local police declared a riot on Saturday evening after rioters once again tried to burn down a federal courthouse and launched mortars and fireworks at police officers , several of whom sustained injuries .
Similarly destructive unrest has unfolded each night in the city for weeks now , with rampant vandalism , arson , graffiti , and more becoming commonplace as protests over the death of George Floyd morphed into riots over President Trump ’ s controversial decision to send federal officers to Portland .
Yet Portland is by no means the only @ @ @ @ @ @ @ have also rocked cities such as Austin , Texas , and Seattle , Washington .
In Seattle over the weekend rioters reportedly set fires , vandalized businesses , smashed car windows , and assaulted a court building .
NPR reports that 21 police officers were injured while trying to contain the chaos .
And this is just the most recent wave .
In May and early June , rioting broke out in cities from Minneapolis , Minnesota to Dallas , Texas .
We ’ re witnessing a breakdown in the rule of law @ @ @ @ @ @ @ have enabled or encouraged rioting while law enforcement stands down and allows wanton property destruction .
Portland Mayor Ted Wheeler even joined rioters and participated in the same demonstrations that were spiraling out of control… Meanwhile , Seattle Mayor Jenny Durkin encouraged and lauded the self-described anarchists who declared an “ autonomous zone ” in the middle of the city .
The mayor called the no-go zone a “ block party ” amid a “ summer of love ” despite rampant destruction and seizure of property .
Only after weeks of skyrocketing crime @ @ @ @ @ @ @ that killed a teenager ) did she finally order law enforcement to clear the city ’ s insurrectionists .
And in many of the other protests-turned-riots around the country , law enforcement stood down and watched as private property was destroyed and their city was rocked by rioters .
So how can anyone justify this madness ?
Well , many left-wing journalists , activists , and commentators who are politically sympathetic to the rioters have argued that rampant destruction isn ’ t really a problem , because it ’ s “ just ” @ @ @ @ @ @ @ people .
One person who makes this argument is Oakland-based “ racial justice organizer ” Cat Brooks , who was interviewed by the New York Times .
“ I don ’ t consider property destruction violence , ” Brooks said in defense of the rioting and vandalism in her city .
“ Violence is when you attack a person or another living , breathing creature on this planet .
Windows don ’ t cry and they can ’ t die.
” … In reality , destruction of property does real harm to innocent @ @ @ @ @ @ @ , the collapse of rule of law that started with property destruction begets a cycle of lawlessness that will inevitably descend into bloodshed .
Indeed , it has already .
As famed Austrian economist Ludwig Von Mises put it , “ It is in the nature of every application of violence that it tends toward a transgression of the limit within which it is tolerated and viewed as legitimate.
” … Not convinced yet ?
Just consider the sad news reports detailing how police officers found the remains of a burned body in @ @ @ @ @ @ @ riots as demonstrators cheered .
Vandals may have thought what they were doing was “ just property damage ” —in reality , it was murder .
Sadly , this isn ’ t a one-off example .
During the riots in the wake of Floyd ’ s death , at least 15 people were killed .
How ?
What started as merely “ broken windows ” and “ torched cars ” escalated into mass violence that left police officers , private security guards , and peaceful protesters dead… It ’ s simply impossible to @ @ @ @ @ @ @ law constrained to “ just property damage.
” Moreover , it is deeply immoral and intellectually bankrupt to suggest that property destruction does not constitute “ harm done to people.
” Vandalism is also itself a violent act that violates human rights .
And remember , it wasn ’ t just big corporations or CEOs whose properties were destroyed in these riots .
Many of the post-Floyd riots destroyed minority-owned small businesses… Seattle Mayor Again Blames Trump After Rioters Blew Open a Police Station Using a Van Full of Explosives BY TYLER O @ @ @ @ @ @ @ ( pjmedia.com ) – Days after antifa rioters terrorized Seattle , driving a van full of weapons and explosives with the mob in order to set fires and attempt to blow up police departments , Mayor Jenny Durkan focused her attention squarely on President Donald Trump , accusing him of running a “ dress rehearsal for martial law.
” She claimed that Trump ’ s efforts to bolster local law enforcement to combat a rising tide of crime and violence have “ decreased public safety.
” In a press conference addressing the antifa @ @ @ @ @ @ @ wants ” the violence .
The riots on Saturday followed a protest in support of the antifa rioters in Portland , who have attempted to burn down the federal courthouse and Justice Center in nearly two straight months of violent riots .
Seattle rioters used a van packed with fireworks , smoke bombs , stun guns , bear and pepper spray , gas masks , and more .
At one point , rioters set off an explosive that blew an 8-inch hole through a wall of the Police Department ’ s East Precinct @ @ @ @ @ @ @ injured 59 police officers .
Civil Rights Vet Warns Against BLM Riots : ‘ Their Target Isn ’ t Injustice in America , It ’ s America Itself ’ BY TYLER O ’ NEIL | JUL 30 , 2020 ( pjmedia.com ) – After the horrific police killing of George Floyd , Black Lives Matter protests devolved into riots across the country and the divisive anti-American narrative of The New York Times ‘ “ 1619 Project ” gained more traction ( Oprah Winfrey recently announced she would team up with the Times to @ @ @ @ @ @ @ ) .
Robert L. Woodson Sr. , a veteran of the 1960s civil rights movement , condemned both the riots and the 1619 Project .
He has fought to empower the black community for decades , and he told PJ Media that the riots and the 1619 Project actually harm the cause of helping inner-city blacks .
“ Low-income blacks are the collateral damage ” of the riots , Woodson told PJ Media .
“ It ’ s really damaging .
Many of the businesses that are being torched are black-owned businesses .
@ @ @ @ @ @ @ they burned down a grocery store that employed ex-offenders and a center that treated dialysis patients .
“ I don ’ t know what this has to do with social justice , ” he quipped .
Indeed , the riots have destroyed black lives , black livelihoods , and black monuments .
At least 22 Americans have died in the riots , most of them black .
Woodson , who founded the Woodson Center in 1981 in order to help residents of low-income neighborhoods address the problems of their communities , chastised the @ @ @ @ @ @ @ and insisted that the 1960s civil rights movement never worked hand-in-glove with violent rioters .
“ We were very careful to have standards as to who was able to claim participation .
There were standards of character and standards of behavior , ” Woodson said .
“ To be in the company of people who are burning buildings makes them complicit in what they ’ re doing .
They ’ re no longer peaceful protesters.
” He condemned other civil rights veterans as “ complicit ” with the riots “ because they ’ @ @ @ @ @ @ @ .
Woodson lamented the fact that most black leaders did not speak out against the vandalism of statues , even when vandals targeted the monument to the 54th Massachusetts Regiment ( the first black Union volunteers in the Civil War ) and the statue of former slave and magnificent orator Frederick Douglass .
“ There was no outcry , ” he lamented .
Of the rioters , Woodson insisted , “ Their target isn ’ t injustice in America , it ’ s America itself .
They have stopped all pretense of being @ @ @ @ @ @ @ They ’ re after civil society itself.
” …

Dems have banked on Americans being too stupid and too easily swayed by the MSM propaganda machine to see what’s going on. They were wrong.
_____
Poll: Huge Number of Americans Concerned About the Violence, Who They Blame Is Not Good for Biden
By Nick Arama | July 31, 2020
(redstate.com) – A new poll out indicates that this showing is not good news for Democrats and Joe Biden. The Harvard CAPS/Harris Poll contacted 1,932 registered voters on July 21-23.
According to the poll, 77% are concerned about rising crime. In poll numbers, that’s an astronomical percentage…
Now, normally one would think that an increase in crime would be bad for the incumbent, Donald Trump.
But the poll also indicates that Americans are hip to what’s been going on…
Americans are seeing Democrats not condemning the violence and kowtowing to the protesters, allowing this all to fester and get worse. The only party condemning it, the Republicans. The person doing something to try to stop it? Donald Trump.
People see radical leftists calling for these radical changes and they don’t like it, they’re rightly concerned.
I’ve seen it myself anecdotally with friends and family members saying they now intend to vote for President Trump because of all this.
They get it.
Elon Musk summed it up.
—–
Elon Musk
@elonmusk
The left is losing the middle
11:32 AM · Jul 27, 2020 · Twitter for iPhone
93.2K Retweets and comments
545.1K Likes
—–
READ MORE:
www.redstate.com/nick-arama/2020/07/31/poll-huge-number-of-americans-concerned-about-the-violence-who-they-blame-is-not-good-for-biden/?bcid=69ea746d7aa622b09ea4cd90b621f7b9
Related:
_____
Vandalism Is Violence: Destructive Riots Are Not ‘Just Property Damage’
Property rights are human rights, and we discard them at our own peril.
By Brad Polumbo | July 30, 2020
(fee.org) – Chaos is consuming Portland, Oregon.
Local police declared a riot on Saturday evening after rioters once again tried to burn down a federal courthouse and launched mortars and fireworks at police officers, several of whom sustained injuries. Similarly destructive unrest has unfolded each night in the city for weeks now, with rampant vandalism, arson, graffiti, and more becoming commonplace as protests over the death of George Floyd morphed into riots over President Trump’s controversial decision to send federal officers to Portland.
Yet Portland is by no means the only city gripped by unrest and violence…
Riots have also rocked cities such as Austin, Texas, and Seattle, Washington. In Seattle over the weekend rioters reportedly set fires, vandalized businesses, smashed car windows, and assaulted a court building. NPR reports that 21 police officers were injured while trying to contain the chaos.
And this is just the most recent wave. In May and early June, rioting broke out in cities from Minneapolis, Minnesota to Dallas, Texas.
We’re witnessing a breakdown in the rule of law. In many cases, city officials have enabled or encouraged rioting while law enforcement stands down and allows wanton property destruction. Portland Mayor Ted Wheeler even joined rioters and participated in the same demonstrations that were spiraling out of control…
Meanwhile, Seattle Mayor Jenny Durkin encouraged and lauded the self-described anarchists who declared an “autonomous zone” in the middle of the city. The mayor called the no-go zone a “block party” amid a “summer of love” despite rampant destruction and seizure of property. Only after weeks of skyrocketing crime rates and multiple shootings (including one that killed a teenager) did she finally order law enforcement to clear the city’s insurrectionists.
And in many of the other protests-turned-riots around the country, law enforcement stood down and watched as private property was destroyed and their city was rocked by rioters.
So how can anyone justify this madness?
We are primarily funded by readers. Please subscribe and donate to support us!
Well, many left-wing journalists, activists, and commentators who are politically sympathetic to the rioters have argued that rampant destruction isn’t really a problem, because it’s “just” destruction of property, not violence against people.
One person who makes this argument is Oakland-based “racial justice organizer” Cat Brooks, who was interviewed by the New York Times.
“I don’t consider property destruction violence,” Brooks said in defense of the rioting and vandalism in her city. “Violence is when you attack a person or another living, breathing creature on this planet. Windows don’t cry and they can’t die.”…
In reality, destruction of property does real harm to innocent people. And if allowed to continue, the collapse of rule of law that started with property destruction begets a cycle of lawlessness that will inevitably descend into bloodshed. Indeed, it has already. As famed Austrian economist Ludwig Von Mises put it, “It is in the nature of every application of violence that it tends toward a transgression of the limit within which it is tolerated and viewed as legitimate.”…
Not convinced yet? Just consider the sad news reports detailing how police officers found the remains of a burned body in a Minneapolis pawnshop that was torched during riots as demonstrators cheered. Vandals may have thought what they were doing was “just property damage”—in reality, it was murder.
Sadly, this isn’t a one-off example. During the riots in the wake of Floyd’s death, at least 15 people were killed. How? What started as merely “broken windows” and “torched cars” escalated into mass violence that left police officers, private security guards, and peaceful protesters dead…
It’s simply impossible to keep a collapse of the rule of law constrained to “just property damage.” Moreover, it is deeply immoral and intellectually bankrupt to suggest that property destruction does not constitute “harm done to people.” Vandalism is also itself a violent act that violates human rights.
And remember, it wasn’t just big corporations or CEOs whose properties were destroyed in these riots. Many of the post-Floyd riots destroyed minority-owned small businesses…
READ MORE:
fee.org/articles/vandalism-is-violence-destructive-riots-are-not-just-property-damage/
It’s just not working, Dems.
_____
Seattle Mayor Again Blames Trump After Rioters Blew Open a Police Station Using a Van Full of Explosives
BY TYLER O’NEIL | JUL 30, 2020
(pjmedia.com) – Days after antifa rioters terrorized Seattle, driving a van full of weapons and explosives with the mob in order to set fires and attempt to blow up police departments, Mayor Jenny Durkan focused her attention squarely on President Donald Trump, accusing him of running a “dress rehearsal for martial law.” She claimed that Trump’s efforts to bolster local law enforcement to combat a rising tide of crime and violence have “decreased public safety.” In a press conference addressing the antifa riots, Durkan claimed “the president wants” the violence.
The riots on Saturday followed a protest in support of the antifa rioters in Portland, who have attempted to burn down the federal courthouse and Justice Center in nearly two straight months of violent riots. Seattle rioters used a van packed with fireworks, smoke bombs, stun guns, bear and pepper spray, gas masks, and more. At one point, rioters set off an explosive that blew an 8-inch hole through a wall of the Police Department’s East Precinct, the Seattle Times reported. Rioters injured 59 police officers.
Durkan focused her ire on Trump…
READ MORE:
pjmedia.com/news-and-politics/tyler-o-neil/2020/07/30/seattle-mayor-again-blames-trump-after-rioters-blew-open-a-police-station-using-a-van-full-of-explosives-n733400
Related.
_____
Civil Rights Vet Warns Against BLM Riots: ‘Their Target Isn’t Injustice in America, It’s America Itself’
BY TYLER O’NEIL | JUL 30, 2020
(pjmedia.com) – After the horrific police killing of George Floyd, Black Lives Matter protests devolved into riots across the country and the divisive anti-American narrative of The New York Times‘ “1619 Project” gained more traction (Oprah Winfrey recently announced she would team up with the Times to bring the project to the silver screen). Robert L. Woodson Sr., a veteran of the 1960s civil rights movement, condemned both the riots and the 1619 Project. He has fought to empower the black community for decades, and he told PJ Media that the riots and the 1619 Project actually harm the cause of helping inner-city blacks.
“Low-income blacks are the collateral damage” of the riots, Woodson told PJ Media. “It’s really damaging. Many of the businesses that are being torched are black-owned businesses. In my own neighborhood of Philadelphia, they burned down a grocery store that employed ex-offenders and a center that treated dialysis patients.
“I don’t know what this has to do with social justice,” he quipped.
Indeed, the riots have destroyed black lives, black livelihoods, and black monuments. At least 22 Americans have died in the riots, most of them black.
Woodson, who founded the Woodson Center in 1981 in order to help residents of low-income neighborhoods address the problems of their communities, chastised the leaders of the Black Lives Matter movement and insisted that the 1960s civil rights movement never worked hand-in-glove with violent rioters.
“We were very careful to have standards as to who was able to claim participation. There were standards of character and standards of behavior,” Woodson said. “To be in the company of people who are burning buildings makes them complicit in what they’re doing. They’re no longer peaceful protesters.”
He condemned other civil rights veterans as “complicit” with the riots “because they’re not speaking out” against them. Woodson lamented the fact that most black leaders did not speak out against the vandalism of statues, even when vandals targeted the monument to the 54th Massachusetts Regiment (the first black Union volunteers in the Civil War) and the statue of former slave and magnificent orator Frederick Douglass. “There was no outcry,” he lamented.
Of the rioters, Woodson insisted, “Their target isn’t injustice in America, it’s America itself. They have stopped all pretense of being interested in social justice for blacks. They’re after civil society itself.”…
pjmedia.com/culture/tyler-o-neil/2020/07/30/civil-rights-veteran-low-income-blacks-are-the-collateral-damage-of-the-black-lives-matter-riots-n732156
h/t Fist


investmentwatchblog--2020-07-31--Ray Dalio: “There is a reserve currency issue. Were heading into new world order. Current situation

Ray Dalio: “There is a reserve currency issue. Were heading into new world order. Current situation similar to Bretton Woods 1944. New monetary system”

Ray Dalio : `` There is a reserve currency issue .
Were heading into new world order .
Current situation @ @ @ @ @ .
New monetary system '' pic.twitter.com/PIi5y6HuiH

Ray Dalio: "There is a reserve currency issue. Were heading into new world order. Current situation similar to Bretton Woods 1944. New monetary system" pic.twitter.com/PIi5y6HuiH — Ben Rickert (@Ben__Rickert) July 31, 2020
USD as percentage of global FX reserves has been falling since 2000… t.co/URnmypEGDD — The Market Ear (@themarketear) July 31, 2020
#GOLD TRADERS ISSUE LARGEST DELIVERY NOTICE ON RECORD AT COMEX — Win Smart, CFA (@WinfieldSmart) July 31, 2020
U.S. DOLLAR NET SHORT BETS SURGE TO LARGEST SINCE AUGUST 2011 – CFTC — FXHedge (@Fxhedgers) July 31, 2020


investmentwatchblog--2020-07-31--SAVAGE! AG Barr Says What We Have Been Thinking for YEARS about Jerry Nadler

Joe Hoft from the Gateway Pundit reports , After hours of abuse , slander and rage from Democrats , AG @ @ @ @ @ 5 minute break .
When Chairman Nadler refuses , AG Barr says what we ’ @ @ @ @ @ about Nadler .

Joe Hoft from the Gateway Pundit reports, After hours of abuse, slander and rage from Democrats, AG Bill Barr asks for a 5 minute break. When Chairman Nadler refuses, AG Barr says what we’ve been thinking for years about Nadler.
We are primarily funded by readers. Please subscribe and donate to support us!
Read More/Source/Credit/FairUse:
www.thegatewaypundit.com/2020…


investmentwatchblog--2020-07-31--The Calm Before The Next Oil Price Storm?

by Jason Burack of Wall St For Main St Shockingly , WTI oil prices have stayed right around $ 40/barrel @ @ @ @ @ volatility ) for the last 4-6 weeks .
This is extremely rare for the oil @ @ @ @ @ paper oil futures contracts being 5x the amount of physical barrels of oil .
So @ @ @ @ @ ’ s next move ?
Is the probability of a move up much higher in @ @ @ @ @ correction or crash down in the oil price higher ?
A lot of where oil @ @ @ @ @ on what happens to oil demand and demand for gasoline and jet fuel .
Will @ @ @ @ @ by the end of 2020 or early 2021 or will demand falter as politicians and @ @ @ @ @ economies ?
Commit to tipping us monthly for our hard work creating high level , @ @ @ @ @ interviews with top experts , analysis and short videos about investing and the economy www.patreon.com/wallstformainst

by Jason Burack of Wall St For Main St
Shockingly, WTI oil prices have stayed right around $40/barrel (with little to no volatility) for the last 4-6 weeks.
Why Oil Remains Stuck At $40
Oil Price Pattern Sees Rising Selling Pressure
This is extremely rare for the oil market considering the amount of paper oil futures contracts being 5x the amount of physical barrels of oil.
So what is the oil price’s next move? Is the probability of a move up much higher in the oil price or another correction or crash down in the oil price higher?
We are primarily funded by readers. Please subscribe and donate to support us!
A lot of where oil prices go next could depend on what happens to oil demand and demand for gasoline and jet fuel. Will demand return to 2019 levels by the end of 2020 or early 2021 or will demand falter as politicians and bureaucrats force continued closures of economies?
FULL SHOW NOTES AND LINKS HERE
Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy www.patreon.com/wallstformainst