investmentwatchblog--2020-10-03--Trump’s positive Covid 19 test – the Gamechanger?

As the President and First lady go into isolation , the 2020 US election could go wide open – or be stopped In perhaps their dumbest move to date , the US MSM and Democrats have done little but condemn Donald Trump for “ bringing this infection upon himself ” .
They ’ re being dumb because the most likely short-term outcome for the President is a wave of sympathy in many segments of the electorate .
For others in the Unelected State , however , this is manna from Heaven .
If Trump recovers before November 3rd , he @ @ @ @ @ @ @ weeks of campaigning .
Also , the Biden debates will now be cancelled….which will make the DNC extremely happy .
But if he gets worse ( and a wave of sympathy cuts Biden ’ s lead ) then Mike Pence will take over….so Democrat calls for the election to be cancelled could be deafening .
Worse still , if a Trump survival is unclear , constitutionally the election would have to be stopped .
On balance , it feels like a win-win for the Fat Controllers .
The convenience of this infection is @ @ @ @ @ @ @ , Donald Trump failed , from Day 1 , to understand exactly what HCQ is .
The President has been taking it as a prophylactic , but there is no proof at all of its efficacy in that role .
Hydroxychlorocine works best as part of a tried and trusted cocktail immediately following confirmed infection .
It is a management drug , not a warder-off of evil spirits .
That said , the wilful ignorance of the media around the world in relation to HCQ is surpassed only by their utter detestation of @ @ @ @ @ @ @ from today ’ s Sydney Morning Herald site that spells out the script with venomous clarity : ‘ Since the earliest days of the pandemic , Trump and other members of his administration have taken a cavalier approach to the pandemic .
He said it would “ miraculously ” disappear and compared it favourably to the seasonal flu .
He shunned mask-wearing for months and ridiculed his Democratic opponent Biden for wearing one .
He held packed rallies , some of them indoors , against the advice of health experts and local officials @ @ @ @ @ @ @ Anthony Fauci and hyped up unproven miracle cures .
He questioned the usefulness of widespread testing on the grounds that more tests produce more cases….
’ It ’ s utterly propagandised rubbish from start to finish : Trump has been more accurate on the death toll than any of the “ experts ” , as a virus Covid19 it is now obviously a seasonal cull and nothing more , he held packed rallies but was socially distanced from the crowds , HCQ is most decidedly not an “ unproven miracle cure ” , @ @ @ @ @ @ @ that more testing produces more cases .
With media reports like this around , it ’ s not hard to understand the ludicrous élite hysteria in Australia and the blasé way in which citizen rights and economic realities are being ignored .
There is an increasing sense of cordination about the Covid19 narrative – as indeed there has been from the outset .
The Herald specifically is a typical example of media concentration in fewer and fewer hands .
It ’ s owned by Nine Entertainment , an omnivore that operates brands across @ @ @ @ @ @ @ , entertainment and sport .
Its segments include Broadcasting , Digital and Publishing .
It ’ s Broadcasting includes free to air television activities and metropolitan radio networks in Australia .
The digital and publishing segment includes Nine Digital , including Nine Digital Pty Limited and other digital activities and Metropolitan Media , metropolitan news , sport , lifestyle and business media across various platforms .
Its ‘ prestige ’ assets include the Nine Television Network , video on demand platform 9Now , and mastheads such as The Sydney Morning Herald , The @ @ @ @ @ @ @ Domain and Future Women .
But this is the monster with which we must deal .
The mayor of Middlesbrough has taken a stand against the Gates-lickers in Downing Street by refusing to implement the lockdown in his city , dismissing Manflu Halfcock ’ s decree and telling the media that the Health Secrtary ’ s decision was based on “ ignorance , unreality and failure to define what a ‘ case ’ repesents ” .
And he is , of course , correct .
I wonder how long it will be before @ @ @ @ @ @ @

by John Ward
As the President and First lady go into isolation, the 2020 US election could go wide open – or be stopped
In perhaps their dumbest move to date, the US MSM and Democrats have done little but condemn Donald Trump for “bringing this infection upon himself”. They’re being dumb because the most likely short-term outcome for the President is a wave of sympathy in many segments of the electorate.
For others in the Unelected State, however, this is manna from Heaven. If Trump recovers before November 3rd, he will have missed out on several key weeks of campaigning. Also, the Biden debates will now be cancelled….which will make the DNC extremely happy.
But if he gets worse (and a wave of sympathy cuts Biden’s lead) then Mike Pence will take over….so Democrat calls for the election to be cancelled could be deafening. Worse still, if a Trump survival is unclear, constitutionally the election would have to be stopped.
On balance, it feels like a win-win for the Fat Controllers.
The convenience of this infection is bound to raise eyebrows. In fact, Donald Trump failed, from Day 1, to understand exactly what HCQ is. The President has been taking it as a prophylactic, but there is no proof at all of its efficacy in that role. Hydroxychlorocine works best as part of a tried and trusted cocktail immediately following confirmed infection. It is a management drug, not a warder-off of evil spirits.
That said, the wilful ignorance of the media around the world in relation to HCQ is surpassed only by their utter detestation of the President. This is a clip from today’s Sydney Morning Herald site that spells out the script with venomous clarity:
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‘Since the earliest days of the pandemic, Trump and other members of his administration have taken a cavalier approach to the pandemic. He said it would “miraculously” disappear and compared it favourably to the seasonal flu. He shunned mask-wearing for months and ridiculed his Democratic opponent Biden for wearing one. He held packed rallies, some of them indoors, against the advice of health experts and local officials. He sidelined top scientists like Dr Anthony Fauci and hyped up unproven miracle cures. He questioned the usefulness of widespread testing on the grounds that more tests produce more cases….’
It’s utterly propagandised rubbish from start to finish: Trump has been more accurate on the death toll than any of the “experts”, as a virus Covid19 it is now obviously a seasonal cull and nothing more, he held packed rallies but was socially distanced from the crowds, HCQ is most decidedly not an “unproven miracle cure”, and Trump is quite correct to say that more testing produces more cases.
With media reports like this around, it’s not hard to understand the ludicrous élite hysteria in Australia and the blasé way in which citizen rights and economic realities are being ignored. There is an increasing sense of cordination about the Covid19 narrative – as indeed there has been from the outset.
The Herald specifically is a typical example of media concentration in fewer and fewer hands. It’s owned by Nine Entertainment, an omnivore that operates brands across news, business and finance, lifestyle, entertainment and sport. Its segments include Broadcasting, Digital and Publishing.
It’s Broadcasting includes free to air television activities and metropolitan radio networks in Australia. The digital and publishing segment includes Nine Digital, including Nine Digital Pty Limited and other digital activities and Metropolitan Media, metropolitan news, sport, lifestyle and business media across various platforms. Its ‘prestige’ assets include the Nine Television Network, video on demand platform 9Now, and mastheads such as The Sydney Morning Herald, The Age, and Australian Financial Review, Domain and Future Women.
But this is the monster with which we must deal. The mayor of Middlesbrough has taken a stand against the Gates-lickers in Downing Street by refusing to implement the lockdown in his city, dismissing Manflu Halfcock’s decree and telling the media that the Health Secrtary’s decision was based on “ignorance, unreality and failure to define what a ‘case’ repesents”.
And he is, of course, correct. I wonder how long it will be before he too goes down with Covid19….


investmentwatchblog--2020-10-03--Proposed Capital Rules For Fannie And Freddie Will Drive Up Guarantee Fees And Encourage More Risky

Proposed Capital Rules For Fannie And Freddie Will Drive Up Guarantee Fees And Encourage More Risky Loan Purchases

The proposed capital rules for Fannie Mae and Freddie Mac will like drive up guarantee fees ( or g-fees ) .
Fannie Mae said fees would likely rise 0.2 percentage points on average , after making certain assumptions .
Freddie Mac said fees might have to rise between 0.15 percentage points and 0.35 percentage points .
However , the rhetoric about increased g-fees are not appearing in their respective stock prices .
My models for mortgage rates indicate that they could rise by .5 percentage points , based on current conditions .
But it really depends on the probability of @ @ @ @ @ @ @ real housing finance reform .
The higher capital requirements will raise mortgage rates and lead to Fannie and Freddie purchasing more risky loans increasing their chance of being a systemic risk to the economy .
I laughed when I saw that the Financial Stability Oversight Council claiming that … WASHINGTON — The Financial Stability Oversight Council has acknowledged for the first time that any financial strain at Fannie Mae and Freddie Mac would threaten financial stability , and it said the companies may need more of a capital cushion than its regulator has @ @ @ @ @ @ @ the Dodd-Frank Act to monitor the financial system for looming risks and currently chaired by Treasury Secretary Steven Mnuchin — came to that conclusion after conducting a review of the secondary mortgage market as part of its recent shift to an activities-based approach to identifying systemic dangers .
Of course , FSOC was created after banks nearly collapsed after the 2008 collapse of house prices ( the collateral ) .
But as I pointed out in a Congressional hearing , Fannie Mae and Freddie Mac pose a risk to financial stability as well @ @ @ @ @ @ @ after since the financial crisis and Fannie/Freddie still exist without proper capital controls .
But at least there is a salami named for FHFA Director Mark Calabria .

by confoundedinterest17
The proposed capital rules for Fannie Mae and Freddie Mac will like drive up guarantee fees (or g-fees). Fannie Mae said fees would likely rise 0.2 percentage points on average, after making certain assumptions. Freddie Mac said fees might have to rise between 0.15 percentage points and 0.35 percentage points.
However, the rhetoric about increased g-fees are not appearing in their respective stock prices.
My models for mortgage rates indicate that they could rise by .5 percentage points, based on current conditions. But it really depends on the probability of higher capital requirements and the likelihood of real housing finance reform.
The higher capital requirements will raise mortgage rates and lead to Fannie and Freddie purchasing more risky loans increasing their chance of being a systemic risk to the economy.
I laughed when I saw that the Financial Stability Oversight Council claiming that …
We are primarily funded by readers. Please subscribe and donate to support us!
WASHINGTON — The Financial Stability Oversight Council has acknowledged for the first time that any financial strain at Fannie Mae and Freddie Mac would threaten financial stability, and it said the companies may need more of a capital cushion than its regulator has proposed.
The FSOC — created by the Dodd-Frank Act to monitor the financial system for looming risks and currently chaired by Treasury Secretary Steven Mnuchin — came to that conclusion after conducting a review of the secondary mortgage market as part of its recent shift to an activities-based approach to identifying systemic dangers.
Of course, FSOC was created after banks nearly collapsed after the 2008 collapse of house prices (the collateral). But as I pointed out in a Congressional hearing, Fannie Mae and Freddie Mac pose a risk to financial stability as well.
So, it is 10+ years after since the financial crisis and Fannie/Freddie still exist without proper capital controls.
But at least there is a salami named for FHFA Director Mark Calabria.


investmentwatchblog--2020-10-03--The Undeniable Challenges of Post-Election America

Each of the presidential candidates obviously has very different economic focuses .
A recent article from Barron ’ s gives some insight into this , starting with the president : “ If Trump is re-elected , he seems likely to continue with the policies pursued during his first term .
At root , these were designed to let the private sector , the supply side of the economy , expand as rapidly as possible.
” In short , Trump ’ s economic focus leans toward job creation , wealth , and the betterment of private business .
The Barron ’ @ @ @ @ @ @ @ ’ s economic focus : “ Biden ’ s agenda , in contrast , is based on addressing America ’ s problems with economic inequality .
The average household in the top 1 % has 1,250 times more wealth than the average household in the bottom 50 % .
” In other words , Biden is looking to redistribute economic opportunities ( including some wealth ) to the lower and middle classes .
As is usually the case with elected officials – and especially the case when it comes time to elect the @ @ @ @ @ @ @ on the economic issues is starkly different .
Which obviously means the economic impact of either president ’ s policies will be different .
But despite these differences , there is perhaps an even more important question to consider : What if economic uncertainty will continue to rise in 2021 no matter which candidate is elected to office ?
Either Candidate Could Have a “ Tricky ” Economy to Handle An article from Al Root offers a possible economic outlook for 2021 , stating simply , “ Next year will be rocky.
” @ @ @ @ @ @ @ last quarter of 2020 , so there isn ’ t much time before a candidate is elected .
So if Root is correct , “ rocky ” is just around the corner .
Here ’ s how his article explains the potential decisions that lie ahead for POTUS : In the graph to the right , you can see how much of an influence a president in their fourth year of a term can have on the economy .
Yet in our very unique , historic times , there is still plenty of @ @ @ @ @ @ @ Root laid out the potential near-term “ bubble ” getting set to pop in three major market sectors : At some point , fundamentals have to take over , at which time “ frothy ” markets could potentially enter a major correction .
It doesn ’ t seem like either presidential candidate has a good answer for that fast-approaching challenge .
And don ’ t forget the Fed .
The Federal Reserve will almost certainly continue with the same policy of near zero interest rates , buying up piles of debt , and @ @ @ @ @ @ @ These policies could have a much bigger impact on your savings than Trump or Biden would .
Good to Prepare Now ( No Matter Who is Elected President ) An election year could foreshadow dramatic changes on the horizon , no matter what side of the aisle your candidate sits on .
So now is a great time to double check your savings to ensure you ’ re prepared to ride out the storm .
Holding assets such as physical gold and silver can help to add a measure of stability to your @ @ @ @ @ @ @ s election madness .

From Birch Gold Group
Each of the presidential candidates obviously has very different economic focuses.
A recent article from Barron’s gives some insight into this, starting with the president: “If Trump is re-elected, he seems likely to continue with the policies pursued during his first term. At root, these were designed to let the private sector, the supply side of the economy, expand as rapidly as possible.”
In short, Trump’s economic focus leans toward job creation, wealth, and the betterment of private business.
Before the virus erupted, unemployment was running at historic lows, the stock market was at all-time highs (which it has recently regained despite the virus), and economic growth was proceeding at a solid if not spectacular pace.
The Barron’s piece also highlights the Democratic candidate’s economic focus: “Biden’s agenda, in contrast, is based on addressing America’s problems with economic inequality. The average household in the top 1% has 1,250 times more wealth than the average household in the bottom 50%.”
In other words, Biden is looking to redistribute economic opportunities (including some wealth) to the lower and middle classes.
As is usually the case with elected officials – and especially the case when it comes time to elect the president – each candidate’s position on the economic issues is starkly different.
Which obviously means the economic impact of either president’s policies will be different.
But despite these differences, there is perhaps an even more important question to consider: What if economic uncertainty will continue to rise in 2021 no matter which candidate is elected to office?
Either Candidate Could Have a “Tricky” Economy to Handle
An article from Al Root offers a possible economic outlook for 2021, stating simply, “Next year will be rocky.”
Keep in mind this is officially the last quarter of 2020, so there isn’t much time before a candidate is elected.
We are primarily funded by readers. Please subscribe and donate to support us!
So if Root is correct, “rocky” is just around the corner. Here’s how his article explains the potential decisions that lie ahead for POTUS:
“In year four politicians do fiscal stimulus to get re-elected,” says Brian Rauscher, head of global portfolio strategy and asset allocation at Fundstrat. Years one and two are about making tough decisions about policy, deficits, and taxes.
In the graph to the right, you can see how much of an influence a president in their fourth year of a term can have on the economy.
Yet in our very unique, historic times, there is still plenty of cause for concern. For example, Root laid out the potential near-term “bubble” getting set to pop in three major market sectors:
Tech stocks are on fire, but that has left the Nasdaq trading at about 28 times estimated 2021 earnings. The S&P 500 is at 20 times. The Dow is at, roughly, 19 times.
At some point, fundamentals have to take over, at which time “frothy” markets could potentially enter a major correction.
It doesn’t seem like either presidential candidate has a good answer for that fast-approaching challenge.
And don’t forget the Fed. The Federal Reserve will almost certainly continue with the same policy of near zero interest rates, buying up piles of debt, and trying to keep inflation under control.
These policies could have a much bigger impact on your savings than Trump or Biden would.
Good to Prepare Now (No Matter Who is Elected President)
An election year could foreshadow dramatic changes on the horizon, no matter what side of the aisle your candidate sits on.
So now is a great time to double check your savings to ensure you’re prepared to ride out the storm.
Holding assets such as physical gold and silver can help to add a measure of stability to your retirement in the wake of November’s election madness.


investmentwatchblog--2020-10-03--Mark Zuckerberg being sued for meddling in the 2020 election

( Natural News ) Multiple lawsuits have been filed against Mark Zuckerberg of Facebook , and several other tech giants , for funneling cash into Democrat stronghold cities in an attempt to steal the 2020 election .
According to a press release issued by the Amistad Project of the Thomas More Society , Silicon Valley is using a cover group known as the Center for Tech and Civic Life ( CTCL ) to deliver large cash infusions to numerous key cities in at least four swing states .
This money is reportedly being used to “ buy ” more “ @ @ @ @ @ @ @ those states in favor of Joe Biden and Kamala Harris .
Plaintiffs in the cases have alleged that this funding operation violates a federal law known as the Help America Vote Act , which prohibits local governments , including cities , from accepting election grants without state legislative approval .
The purpose of this prohibition is to prevent governments from playing favorites in the election process .
By sending money through the CTCL to cities like Kenosha , Wisc.
, and Philadelphia , Penn.
, Zuckerberg and his fellow tech overlords are meddling @ @ @ @ @ @ @ claimed to oppose after falsely accusing Russia of meddling in the 2016 election .
“ These efforts are intentionally targeting Democratic strongholds for the purpose of boosting voter turnout in those areas that delivered an overwhelming majority for Hillary Clinton in the 2016 election in an effort to sway the 2020 elections , ” the press release states about the lawsuits .
In speaking about the lawsuits , of which there are currently four , Phill Kline , Director of the Amistad Project of the Thomas More Society , explained that governments have @ @ @ @ @ @ @ Furthermore , they have no business stifling voters in “ red ” areas , which is apparently what is happening .
“ These targeted funds pay government officials to turn out the vote in blue jurisdictions while the governors in these states are making it difficult and actually discouraging in-person voting on Election Day in more conservative areas of the states , ” Kline warns .
“ Government targeting Democrat portions of a state to increase voter turnout , while also targeting Republican areas of the state to make it harder to vote @ @ @ @ @ @ @ jurisprudence that we are all equal before the law , ” he added .
If you are tired of Facebook and all the rest of the corrupt social media platforms trying to steal the election , switch to Brighteon.social instead .
We thought Democrats were against voter suppression ?
The irony of Silicon Valley funneling cash through the CTCL in order to prop up “ blue ” voters at the expense of “ red ” voters is that Democrats are constantly whining about voter suppression and accusing their opposition of doing exactly what @ @ @ @ @ @ @ backers .
As pointed out by Kline , America has a “ dark history ” of this kind of thing , which was prevalent before the Voting Rights Act became law .
And yet once again we have bad players trying to rig the system for their own benefit , which can not be allowed to persist .
What we know based on data gathered from the Wisconsin Voters Alliance is that the CTCL has already granted some $ 16.3 million to five major cities in Wisconsin , as well as to Philadelphia @ @ @ @ @ @ @ of voters chose Hillary Clinton back in 2016 .
Zuckerberg has also personally pledged $ 300 million from his and his wife ’ s “ Chan Zuckerberg Initiative “ towards election “ preparations ” amid the Wuhan coronavirus ( COVID-19 ) crisis .
According to reports , Zuckerberg and his wife Priscilla are paying to recruit poll workers , rent polling places , and purpose PPE ( personal protective equipment ) for poll workers , among other endeavors supposedly aimed at keeping everyone “ safe ” while voting during the plandemic .
More @ @ @ @ @ @ @ election can be found at Trump.news .

by: Ethan Huff
(Natural News) Multiple lawsuits have been filed against Mark Zuckerberg of Facebook, and several other tech giants, for funneling cash into Democrat stronghold cities in an attempt to steal the 2020 election.
According to a press release issued by the Amistad Project of the Thomas More Society, Silicon Valley is using a cover group known as the Center for Tech and Civic Life (CTCL) to deliver large cash infusions to numerous key cities in at least four swing states. This money is reportedly being used to “buy” more “blue” voters in order to tip those states in favor of Joe Biden and Kamala Harris.
Plaintiffs in the cases have alleged that this funding operation violates a federal law known as the Help America Vote Act, which prohibits local governments, including cities, from accepting election grants without state legislative approval. The purpose of this prohibition is to prevent governments from playing favorites in the election process.
By sending money through the CTCL to cities like Kenosha, Wisc., and Philadelphia, Penn., Zuckerberg and his fellow tech overlords are meddling in the upcoming election, something they claimed to oppose after falsely accusing Russia of meddling in the 2016 election.
“These efforts are intentionally targeting Democratic strongholds for the purpose of boosting voter turnout in those areas that delivered an overwhelming majority for Hillary Clinton in the 2016 election in an effort to sway the 2020 elections,” the press release states about the lawsuits.
In speaking about the lawsuits, of which there are currently four, Phill Kline, Director of the Amistad Project of the Thomas More Society, explained that governments have no business playing favorites in elections. Furthermore, they have no business stifling voters in “red” areas, which is apparently what is happening.
“These targeted funds pay government officials to turn out the vote in blue jurisdictions while the governors in these states are making it difficult and actually discouraging in-person voting on Election Day in more conservative areas of the states,” Kline warns.
“Government targeting Democrat portions of a state to increase voter turnout, while also targeting Republican areas of the state to make it harder to vote, violates the basic premise of American jurisprudence that we are all equal before the law,” he added.
If you are tired of Facebook and all the rest of the corrupt social media platforms trying to steal the election, switch to Brighteon.social instead.
We are primarily funded by readers. Please subscribe and donate to support us!
We thought Democrats were against voter suppression?
The irony of Silicon Valley funneling cash through the CTCL in order to prop up “blue” voters at the expense of “red” voters is that Democrats are constantly whining about voter suppression and accusing their opposition of doing exactly what they are now doing with their billionaire backers.
As pointed out by Kline, America has a “dark history” of this kind of thing, which was prevalent before the Voting Rights Act became law. And yet once again we have bad players trying to rig the system for their own benefit, which cannot be allowed to persist.
What we know based on data gathered from the Wisconsin Voters Alliance is that the CTCL has already granted some $16.3 million to five major cities in Wisconsin, as well as to Philadelphia, where collectively more than 82 percent of voters chose Hillary Clinton back in 2016.
Zuckerberg has also personally pledged $300 million from his and his wife’s “Chan Zuckerberg Initiative“ towards election “preparations” amid the Wuhan coronavirus (COVID-19) crisis.
According to reports, Zuckerberg and his wife Priscilla are paying to recruit poll workers, rent polling places, and purpose PPE (personal protective equipment) for poll workers, among other endeavors supposedly aimed at keeping everyone “safe” while voting during the plandemic.
More of the latest news about the 2020 election can be found at Trump.news.
Sources for this article include:
Breitbart.com
PRNewswire.com
NaturalNews.com


investmentwatchblog--2020-10-03--America’s true national debt is around $135 trillion, not the $27 trillion we are being told

( Natural News ) Anything in the trillions is a really big number , hence the warnings about our ever-expanding national debt , which officially hovers just below $ 27 trillion , is a hard pill to swallow .
But what if we told you that the true national debt is more like $ 135 trillion ?
This is the claim of Truth in Accounting , which reveals that the U.S .
Published National Debt only includes debt held by the public and intragovernmental holdings , including debt held by Social Security and Medicare trust funds .
It does not @ @ @ @ @ @ @ include total unfunded Social Security and Medicare promises .
Two critical elements of the debt equation , these latter two factors expand the national debt by a factor of five , rendering it astronomically higher than what we have all been led to believe .
Instead of owing $ 81,186 each , as of this writing , every American taxpayer would actually need to pay $ 876,000 in order to eliminate the true debt .
How many of you have that kind of cash on hand , we wonder ?
Truth in Accounting @ @ @ @ @ @ @ Union report analyzing what the federal government owns and what it owes .
At the current time , the nation holds about $ 3.99 trillion in assets but owes $ 131.69 trillion in liabilities .
Unfunded Medicare promises clocked in the highest at $ 57.09 trillion in liabilities , followed by unfunded Social Security promises at $ 44.09 trillion .
Publicly held debt is currently around $ 20.43 trillion , while pension and retiree health care liabilities are estimated at around $ 8.44 trillion .
Remaining liabilities are said to be $ 1.64 @ @ @ @ @ @ @ accounting for deterioration and you land at a whopping $ 135 trillion in debt — an amount that never in America ’ s wildest dreams will ever be paid off by any stretch of the imagination .
If you would like to see how Truth in Accounting arrived at these figures , you can check out the group ’ s full Financial State of the Union report at this link .
How long before the financial house of cards comes tumbling down ?
The group says it used data from the U.S. Treasury @ @ @ @ @ @ @ trustees to arrive at these numbers .
It also updates them annually to include the assets and liabilities reported in the most recently issued Financial Report of the U.S. Government as of the federal fiscal year-end on Sept. 30 .
“ We also update the true national debt calculation when the Social Security and Medicare Trustees Reports , which include amounts as of January 1 , are issued , ” the group explains .
While the Trustees Reports include a calculation of the present value of the benefits these two programs will receive @ @ @ @ @ @ @ by the receipts directed to them during that time period , Truth in Accounting does not take into account receipts or benefits that will be received from and paid to future participants .
“ In addition to using current law to calculate the unfunded promises , the Medicare actuaries also estimate the amounts using the ‘ Illustrative Alternative Scenario ( IAS ) , ’ ” the group goes on to reveal about its methodology .
“ We use the IAS in our estimates , because it incorporates more realistic assumptions about future payments @ @ @ @ @ @ @ in the true national debt is based upon historical trends.
” It is clear that the financial house of cards known as America ’ s fiat-based currency system is eventually going to collapse .
It simply can not bear the weight of this insurmountable debt forever – especially when that debt is orders of magnitude higher than we were all led to believe .
You can keep up with the latest news about the impending economic collapse of America by checking out Collapse.news .

(Natural News) Anything in the trillions is a really big number, hence the warnings about our ever-expanding national debt, which officially hovers just below $27 trillion, is a hard pill to swallow. But what if we told you that the true national debt is more like $135 trillion?
This is the claim of Truth in Accounting, which reveals that the U.S. Published National Debt only includes debt held by the public and intragovernmental holdings, including debt held by Social Security and Medicare trust funds. It does not, it is important to note, include total unfunded Social Security and Medicare promises.
Two critical elements of the debt equation, these latter two factors expand the national debt by a factor of five, rendering it astronomically higher than what we have all been led to believe.
Instead of owing $81,186 each, as of this writing, every American taxpayer would actually need to pay $876,000 in order to eliminate the true debt. How many of you have that kind of cash on hand, we wonder?
Truth in Accounting compiled an in-depth Financial State of the Union report analyzing what the federal government owns and what it owes. At the current time, the nation holds about $3.99 trillion in assets but owes $131.69 trillion in liabilities.
Unfunded Medicare promises clocked in the highest at $57.09 trillion in liabilities, followed by unfunded Social Security promises at $44.09 trillion. Publicly held debt is currently around $20.43 trillion, while pension and retiree health care liabilities are estimated at around $8.44 trillion. Remaining liabilities are said to be $1.64 trillion.
Add it all up while accounting for deterioration and you land at a whopping $135 trillion in debt — an amount that never in America’s wildest dreams will ever be paid off by any stretch of the imagination.
If you would like to see how Truth in Accounting arrived at these figures, you can check out the group’s full Financial State of the Union report at this link.
How long before the financial house of cards comes tumbling down?
The group says it used data from the U.S. Treasury Department and the Social Security and Medicare trustees to arrive at these numbers. It also updates them annually to include the assets and liabilities reported in the most recently issued Financial Report of the U.S. Government as of the federal fiscal year-end on Sept. 30.
“We also update the true national debt calculation when the Social Security and Medicare Trustees Reports, which include amounts as of January 1, are issued,” the group explains.
We are primarily funded by readers. Please subscribe and donate to support us!
While the Trustees Reports include a calculation of the present value of the benefits these two programs will receive over the next 75 years, offset by the receipts directed to them during that time period, Truth in Accounting does not take into account receipts or benefits that will be received from and paid to future participants.
“In addition to using current law to calculate the unfunded promises, the Medicare actuaries also estimate the amounts using the ‘Illustrative Alternative Scenario (IAS),’” the group goes on to reveal about its methodology.
“We use the IAS in our estimates, because it incorporates more realistic assumptions about future payments to Medicare physicians … The estimated deterioration in the true national debt is based upon historical trends.”
It is clear that the financial house of cards known as America’s fiat-based currency system is eventually going to collapse. It simply cannot bear the weight of this insurmountable debt forever – especially when that debt is orders of magnitude higher than we were all led to believe.
You can keep up with the latest news about the impending economic collapse of America by checking out Collapse.news.
Sources for this article include:
TruthInAccounting.org
USDebtClock.org
NaturalNews.com
TruthInAccounting.org


investmentwatchblog--2020-10-02--What would a Trump second term be like?

What would a Trump second term be like?

If Trump wins , he will be even more beholden to the far right than he was in his first term .
Here is why : Then , on October 2nd , Gallup headlined “ New High Favors One-Party Control of U.S. Federal Government ” , and reported that Gallup had asked 1,019 American adults , “ Do you think it is better for the country — [ ROTATED : to have a president who comes from the same political party that controls Congress , does it make no difference either way , or do you think it is better @ @ @ @ @ @ @ party and Congress controlled by another ] ?
” 52 % of Republicans but only 43 % of Democrats wanted “ Same party ” ; and 23 % of Democrats but only 17 % of Republicans answered “ Different parties.
” ( the rest answered “ No difference.
” Independents predominantly answered “ No difference ” ( 36 % ) , but 31 % of them said “ Same party , ” and 27 % said “ Different parties.
” So : 52 % of the 29 % who are Republicans , or @ @ @ @ @ @ @ the solid Republican base , whereas 43 % of the 30 % who are Democrats , or 13 % of American adults , are the Democratic base .
Those are the likeliest people to vote .
By 15/13 , or 1.15/1 , the Republican base is larger than the Democratic base — roughly 15 % larger .
Right now , that 7.2 % overall Biden advantage is 50.1 % to 42.9 % , which is a 1.168 ratio favoring Biden .
He has that advantage amongst the general electorate .
But Trump has @ @ @ @ @ @ @ ’ s base voters .
Therefore , even if half of the electorate turn out to be base voters , Biden will still have a slight advantage .
Trump would need America ’ s base voters to be not 50 % of the total voters but more like 53 % of the total voters , in order to have a chance of winning .
However , the Electoral College doesn ’ t adhere to the national electoral majority , but instead to the state-by-state majorities .
If Biden ’ s campaign turns out @ @ @ @ @ @ @ Clinton ’ s was , then Trump could still squeak through to a victory .
He ’ d need his base to be lots more intense than Biden ’ s is .
The more that independents and other non-base voters turn out to have voted , the more certain that Biden will win .
Trump is running , essentially , a 100 % base campaign .
A second term would be unapologetically and exclusively committed to serving the far right .
If he wins this election , then his second term would likely @ @ @ @ @ @ @ American history .
It would be unremitting conservatism .
His contempt for anyone who is less supportive of “ Might makes right ” than he is , would be even more blatant than was the case during his first term .
The only parallels between his second term and other national leaders would be among the histories of a few other countries , but none yet in U.S. history .
Whereas during Trump ’ s first term he hinted at where he wanted to take the country , his second term would be @ @ @ @ @ @ @ acting .
In American history , it would be unprecedented .
By contrast , Biden wants the same things that Obama already delivered to the country , except that he wants to add to it what had been the final version of the healthcare public option that Obama was promising until Obama abandoned a public option altogether the very moment Obama won the Presidency on 4 November 2008 , and that was a very limited public option , which would be made available only to very poor people , a slight expansion of @ @ @ @ @ @ @ actually fighting for a total expansion of Medicare , so that 100 % of Americans would have that basic healthcare as being a right , instead of , as Americans have now , only whatever healthcare each individual person can afford to pay for .
That was his “ democratic socialism , ” and Biden defeated it , crushed it .
So , the current choice is between an unprecedentedly aggressive American far-right , or else a continuation of the Obama Presidency but without anything of Obama ’ s extraordinary personal ability to @ @ @ @ @ @ @ , he invaded and did coups in lots of countries , and yet won a Nobel Peace Prize , for nothing . )
Neither Biden nor Kamala Harris has that ability , that remarkably slick personal charm , which Obama had .
In either case , the best that can be hoped for is a weakened version of the Obama Presidency .
And this is what seems , at the present time , to be the likely outcome for America : an aggressive declining country , but without the charm that Obama had @ @ @ @ @ @ @ second term would be super-aggressive “ MAGA , ” including soaring tariffs and serious pushes for everything that he had held back on during his first term ( such as outright invasion of Venezuela , Iran , and other countries that resist Trump ) .
What was previously his conservative rhetoric would now become his fascist actions ; what was previously his progressive rhetoric would be gone even from his rhetoric .
All of his hires have been neocons , and now they would be unleashed because Trump would no longer need politically @ @ @ @

Eric Zuesse
If Trump wins, he will be even more beholden to the far right than he was in his first term. Here is why:
According to Gallup’s latest findings, which were in early September, 29% of American adults (not necessarily likely voters or even registered voters) are Republicans, 30% are Democrats, and 40% are Independents — neither Party.
Then, on October 2nd, Gallup headlined “New High Favors One-Party Control of U.S. Federal Government” , and reported that Gallup had asked 1,019 American adults, “Do you think it is better for the country — [ROTATED: to have a president who comes from the same political party that controls Congress, does it make no difference either way, or do you think it is better to have a president from one political party and Congress controlled by another]?” 52% of Republicans but only 43% of Democrats wanted “Same party”; and 23% of Democrats but only 17% of Republicans answered “Different parties.” (the rest answered “No difference.” Independents predominantly answered “No difference” (36%), but 31% of them said “Same party,” and 27% said “Different parties.”
So: 52% of the 29% who are Republicans, or 15% of American adults, are the solid Republican base, whereas 43% of the 30% who are Democrats, or 13% of American adults, are the Democratic base.
Those are the likeliest people to vote. By 15/13, or 1.15/1, the Republican base is larger than the Democratic base — roughly 15% larger.
Currently, in the national polls, “32 Days to Election” , Biden is ahead of Trump by 7.2% and is ahead of where Clinton was 32 days to election by 4.0%. It looks like a Biden landslide. However, if only the base voters turn out, then Trump could win; and here is how:
Right now, that 7.2% overall Biden advantage is 50.1% to 42.9%, which is a 1.168 ratio favoring Biden. He has that advantage amongst the general electorate. But Trump has approximately a 1.15 ratio amongst only America’s base voters. Therefore, even if half of the electorate turn out to be base voters, Biden will still have a slight advantage. Trump would need America’s base voters to be not 50% of the total voters but more like 53% of the total voters, in order to have a chance of winning.
However, the Electoral College doesn’t adhere to the national electoral majority, but instead to the state-by-state majorities. If Biden’s campaign turns out to have been as incompetent as Hillary Clinton’s was, then Trump could still squeak through to a victory. He’d need his base to be lots more intense than Biden’s is.
The more that independents and other non-base voters turn out to have voted, the more certain that Biden will win.
Trump is running, essentially, a 100% base campaign. A second term would be unapologetically and exclusively committed to serving the far right. If he wins this election, then his second term would likely be the most extremely far-rightwing Presidency in American history. It would be unremitting conservatism. His contempt for anyone who is less supportive of “Might makes right” than he is, would be even more blatant than was the case during his first term. The only parallels between his second term and other national leaders would be among the histories of a few other countries, but none yet in U.S. history. Whereas during Trump’s first term he hinted at where he wanted to take the country, his second term would be far less hinting, and far more acting. In American history, it would be unprecedented.
By contrast, Biden wants the same things that Obama already delivered to the country, except that he wants to add to it what had been the final version of the healthcare public option that Obama was promising until Obama abandoned a public option altogether the very moment Obama won the Presidency on 4 November 2008, and that was a very limited public option, which would be made available only to very poor people, a slight expansion of Medicaid. Bernie Sanders had instead been actually fighting for a total expansion of Medicare, so that 100% of Americans would have that basic healthcare as being a right, instead of, as Americans have now, only whatever healthcare each individual person can afford to pay for. That was his “democratic socialism,” and Biden defeated it, crushed it.
So, the current choice is between an unprecedentedly aggressive American far-right, or else a continuation of the Obama Presidency but without anything of Obama’s extraordinary personal ability to charm the world. (After all, he invaded and did coups in lots of countries, and yet won a Nobel Peace Prize, for nothing.) Neither Biden nor Kamala Harris has that ability, that remarkably slick personal charm, which Obama had.
In either case, the best that can be hoped for is a weakened version of the Obama Presidency. And this is what seems, at the present time, to be the likely outcome for America: an aggressive declining country, but without the charm that Obama had supplied. By contrast, a Trump second term would be super-aggressive “MAGA,” including soaring tariffs and serious pushes for everything that he had held back on during his first term (such as outright invasion of Venezuela, Iran, and other countries that resist Trump). What was previously his conservative rhetoric would now become his fascist actions; what was previously his progressive rhetoric would be gone even from his rhetoric. All of his hires have been neocons, and now they would be unleashed because Trump would no longer need politically to accommodate non-fascists.
—————


investmentwatchblog--2020-10-02--The birth of Fiat currency, Neoclassical economics and later, Modern Monetary Theory – MMT.

The year is 1971 : the dollar is officially convertible to gold at the rate of $ 35 an ounce .
The London Gold Pool , set up to defend the convertibility of the dollar into gold , collapsed some three years earlier .
A belligerent President de Gaulle in France is the first to withdraw from the London Gold Pool and subsequently orders the transfer of large reserves of gold bullion from New York to Paris .
He does not , however , withdraw France from the Bretton Woods agreement .
Despite the best efforts of the United States @ @ @ @ @ @ @ , a significant arbitrage opportunity continues to be present between the official gold price and the real price on some private markets .
Gold and currency speculation hurt the Allies and eventually West Germany gives up on defending the dollar , abandons Bretton Woods , followed by Switzerland and France ( again ! )
.
This is a very short summary of multiple ructions and currency crises between the 60s and early 70s .
We forget very quickly .
In France , the Bretton Woods system was called “ America ’ s exorbitant @ @ @ @ @ @ @ “ asymmetric financial system ” where non-US citizens “ see themselves supporting American living standards and subsidizing American multinationals ” .
As American economist Barry Eichengreen summarized : “ It costs only a few cents for the Bureau of Engraving and Printing to produce a $ 100 bill , but other countries had to pony up $ 100 of actual goods in order to obtain one ” .
US reserves of gold had dwindled from over 20 000 tons to just over 8100 tons .
All spent defending the dollar .
The Vietnam @ @ @ @ @ @ @ bleeding the US dry .
Literally and figuratively .
Unemployment is running at about 6 % and inflation at 5.84 % .
Both seen as uncommonly high since WWII .
In 1971 Richard Nixon had two choices : either take steps to balance the books , I.e .
drastically cut government expenditure , increase taxes , reduce US inflation by increasing interest rates , and restore faith in the dollar , or suspend the convertibility of the US dollar into gold .
He chose the latter and did it without consultation with Allies @ @ @ @ @ @ @ was accompanied by a mandated freeze on all wages and prices for 90 days .
Imagine that today !
In addition , an additional import tax on all items of 10 % was thought necessary to protect American products against cheaper imports .
On 15th August 1971 , I was just over 12 yrs old .
I remember my father , a normally typical restrained British chartered accountant ( when that meant something ) going absolutely nuts .
He opened champagne , started singing and danced with my mum .
Guess he knew @ @ @ @ @ @ @ 1971 marked the end of any pretence at backing currencies with gold .
We now have fiat currencies backed by nothing but ’ full faith and confidence ’ in the issuing authority .
The establishment of fully fledged fiat currencies has enabled all the debt based financial engineering we see around us today .
It has worked as long as increase in money supply has been matched by increase in GDP : balanced growth .
Problem is GDP growth can not continue indefinitely without consequences for the environment and planet .
So what @ @

by Bellweirboy
The year is 1971: the dollar is officially convertible to gold at the rate of $35 an ounce. The London Gold Pool, set up to defend the convertibility of the dollar into gold, collapsed some three years earlier. A belligerent President de Gaulle in France is the first to withdraw from the London Gold Pool and subsequently orders the transfer of large reserves of gold bullion from New York to Paris. He does not, however, withdraw France from the Bretton Woods agreement.
Despite the best efforts of the United States and her allies between 1968 and 1971, a significant arbitrage opportunity continues to be present between the official gold price and the real price on some private markets. Gold and currency speculation hurt the Allies and eventually West Germany gives up on defending the dollar, abandons Bretton Woods, followed by Switzerland and France (again!). This is a very short summary of multiple ructions and currency crises between the 60s and early 70s. We forget very quickly.
In France, the Bretton Woods system was called “America’s exorbitant privilege” as it resulted in an “asymmetric financial system” where non-US citizens “see themselves supporting American living standards and subsidizing American multinationals”. As American economist Barry Eichengreen summarized: “It costs only a few cents for the Bureau of Engraving and Printing to produce a $100 bill, but other countries had to pony up $100 of actual goods in order to obtain one”.
US reserves of gold had dwindled from over 20 000 tons to just over 8100 tons. All spent defending the dollar. The Vietnam war is costing an absolute fortune and bleeding the US dry. Literally and figuratively. Unemployment is running at about 6% and inflation at 5.84%. Both seen as uncommonly high since WWII.
We are primarily funded by readers. Please subscribe and donate to support us!
In 1971 Richard Nixon had two choices: either take steps to balance the books, I.e. drastically cut government expenditure, increase taxes, reduce US inflation by increasing interest rates, and restore faith in the dollar, or suspend the convertibility of the US dollar into gold. He chose the latter and did it without consultation with Allies. The announcement on 15th August 1971 was accompanied by a mandated freeze on all wages and prices for 90 days. Imagine that today! In addition, an additional import tax on all items of 10% was thought necessary to protect American products against cheaper imports.
On 15th August 1971, I was just over 12 yrs old. I remember my father, a normally typical restrained British chartered accountant (when that meant something) going absolutely nuts. He opened champagne, started singing and danced with my mum. Guess he knew it was coming but not when.
1971 marked the end of any pretence at backing currencies with gold. We now have fiat currencies backed by nothing but ’full faith and confidence’ in the issuing authority. The establishment of fully fledged fiat currencies has enabled all the debt based financial engineering we see around us today. It has worked as long as increase in money supply has been matched by increase in GDP: balanced growth. Problem is GDP growth cannot continue indefinitely without consequences for the environment and planet.
So what now?


investmentwatchblog--2020-10-02--Here’s a list of the 11 positives so far in connection with the outbreak.

Here 's a list of the 11 positives so far in connection with the outbreak .
pic.twitter.com/DDZtokO5DC

Here's a list of the 11 positives so far in connection with the outbreak. pic.twitter.com/DDZtokO5DC
— Benjy Renton (@bhrenton) October 2, 2020


investmentwatchblog--2020-10-02--TRUMP IS `FATIGUED BUT IN GOOD SPIRITS’, PHYSICICAN MEMO SAYS

*TRUMP IS ` FATIGUED BUT IN GOOD SPIRITS ' , PHYSICICAN MEMO SAYS *TRUMP WAS TREATED WITH REGENERON ANTIBODY COCKTAIL @ @ @

*TRUMP IS `FATIGUED BUT IN GOOD SPIRITS', PHYSICICAN MEMO SAYS
*TRUMP WAS TREATED WITH REGENERON ANTIBODY COCKTAIL, DOCTOR SAYS
— Jim Bianco (@biancoresearch) October 2, 2020


investmentwatchblog--2020-10-02--Buying Money Losers Makes Sense?

Buying Money Losers Makes Sense?

We know that some industries are still hurting because they have been left behind by the COVID-19 economy .
Companies such as hotels and airlines are still in deep trouble along with independent restaurants .
It ’ s important to acknowledge all who are hurting before jumping into any good news .
That being said , the data has been good lately as there was a giant jump in consumer confidence and the September ADP private sector payrolls report beat estimates .
There were 749,000 private sector jobs added in September according to ADP .
As you can see from @ @ @ @ @ @ @ has shown less job creation in each of the past 3 months , but the error rate has fallen .
If the ADP reading is below the BLS report even by a little , this will be a solid month of job creation .
The estimate is for 900,000 private sector jobs added ( BLS ) which is only slightly below August which had 1.027 million .
Last month ’ s BLS reading is misleading because over 300,000 jobs were created by the government .
This time the consensus calls for the government @ @ @ @ @ @ @ ADP , there are 8.1 % fewer jobs than the peak in February .
The trough of the last recession was -7.4 % , which means total job losses are still worse than the last recession even though we ’ ve had a strong 5 month recovery .
Keep in mind , the updated August ADP report shows less than half the jobs added as the BLS reading .
The BLS report is what matters .
Few would care about ADP if it didn ’ t come out 2 days before the BLS @ @ @ @ @ @ @ was job creation across company sizes .
There were 192,000 jobs added by small firms , 259,000 jobs added by mid-sized firms , and 297,000 jobs added by large firms .
The goods producing sector did amazingly as it added 196,000 jobs .
The construction industry added 60,000 jobs and manufacturing added 130,000 jobs .
That ’ s huge for manufacturing as the BLS consensus is only for 33,000 jobs added .
Manufacturing is on fire as the Chicago Business Barometer rose to 62.4 in September which beat estimates for 52.1 and the @ @ @ @ @ @ @ up from 51.2 .
As you can see from the chart below , it ’ s already almost at where it has peaked in the prior 3 cycles .
We had a cyclical peak 2 years after the prior recession , so we can have a cyclical peak in 2021 .
The services sector added 552,000 jobs .
The most were added in trade , transportation , and utilities .
These jobs added could have been due to the increase in online shopping .
Leisure and hospitality added 92,000 jobs which goes against @ @ @ @ @ @ @ s surprising to see such strong job creation in an industry that ’ s still ravaged by the virus .
We all have the inkling that stocks of companies that lose money at the start have been doing better in the past few years .
That ’ s because of low interest rates .
The three charts below spell it out clearly .
As you can see , when interest rates are high , startups need to be profitable from the beginning .
If interest rates were high , none of the crazy @ @ @ @ @ @ @ work .
Capital wouldn ’ t be chasing growth at any cost like it is now .
The middle chart is normalcy as companies can lose money in the beginning , but need to quickly make a profit when rates are moderate .
It makes sense to want companies to be free to lose money at the start because that ’ s when they are investing in innovation .
Moderate rates could allow the economy to be more robust ( more disruption ) .
Now we are in the chart on the right @ @ @ @ @ @ @ years before making a profit .
Supposedly companies need to be profitable without their investments for growth , but that ’ s fuzzy .
Sometimes companies never reach profitability after years of sales growth .
If there are many companies willing to make losses for years , how can a company that has been losing money to take market share turn the corner ?
It needs to develop a moat/competitive advantage which is tough when all unprofitable growth companies are trying to do this .
We don ’ t know if the latest @ @ @ @ @ @ @ profit .
We are seeing so many disruptors .
Investment dollars are actually going to the money losing firms instead of the stable companies with a long history of profits .
People think the stable companies will be disrupted without thinking of why the stable companies are profitable in the first place .
Everyone bets on potential when interest rates are low .
The question is if investors will love money losers forever if interest rate stay low .
The Fed is currently planning to allow inflation to stay above 2 % for @ @ @ @ @ @ @ of the past few years gets to 2 % .
It wants to make up for the years of below 2 % inflation .
The ECB is copying that policy .
The problem for the ECB is it has even less credibility than the Fed .
As you can see from the chart below , inflation rarely has stayed above 2 % in the past 11 years .
In fact , it ’ s collapsing as we speak .
It ’ s laughable for the ECB to claim it will let inflation stay @ @ @ @ @ @ @ t get it there in the first place .
That ’ s like if a trader said he would sell his stock when he breaks even on the investment while it ’ s down 60 % and falling each day .
The ECB and the Fed are committed to low interest rates almost indefinitely .
We won ’ t need to wait years to see the impact of low rates for the long term .
That strongly dovish guidance is affecting markets right now .
Private sector job creation beat estimates which sets @ @ @ @ @ @ @ solid BLS release .
The manufacturing sector had a strong September .
It will likely have a solid Q4 on an absolute basis , not just in diffusion indexes .
Low rates are encouraging companies to lose lots of money .
These firms promise profitability , but don ’ t always deliver .
No one cares as long as they keep growing .
Will this last as long as rates are low ?
The ECB plans to allow inflation to rise above 2 % .
It ’ s not as if inflation is @ @ @ @ @ @ @ seeing the ramifications of this dovish guidance in markets today .

by UPFINA
We know that some industries are still hurting because they have been left behind by the COVID-19 economy. Companies such as hotels and airlines are still in deep trouble along with independent restaurants. It’s important to acknowledge all who are hurting before jumping into any good news. That being said, the data has been good lately as there was a giant jump in consumer confidence and the September ADP private sector payrolls report beat estimates.
There were 749,000 private sector jobs added in September according to ADP. As you can see from the chart below, the ADP report has shown less job creation in each of the past 3 months, but the error rate has fallen. If the ADP reading is below the BLS report even by a little, this will be a solid month of job creation. The estimate is for 900,000 private sector jobs added (BLS) which is only slightly below August which had 1.027 million. Last month’s BLS reading is misleading because over 300,000 jobs were created by the government. This time the consensus calls for the government to have hemorrhaged jobs.
First Look at September: ADP Says 749K Nonfarm Private Jobs Gained t.co/pcX8uL8WhM pic.twitter.com/H2VshPgW1Y — Jill Mislinski (@JillMislinski) September 30, 2020
According to ADP, there are 8.1% fewer jobs than the peak in February. The trough of the last recession was -7.4%, which means total job losses are still worse than the last recession even though we’ve had a strong 5 month recovery. Keep in mind, the updated August ADP report shows less than half the jobs added as the BLS reading. The BLS report is what matters. Few would care about ADP if it didn’t come out 2 days before the BLS one.
Where The Jobs Were
There was job creation across company sizes. There were 192,000 jobs added by small firms, 259,000 jobs added by mid-sized firms, and 297,000 jobs added by large firms. The goods producing sector did amazingly as it added 196,000 jobs. The construction industry added 60,000 jobs and manufacturing added 130,000 jobs. That’s huge for manufacturing as the BLS consensus is only for 33,000 jobs added. Manufacturing is on fire as the Chicago Business Barometer rose to 62.4 in September which beat estimates for 52.1 and the highest estimate of 56.3. It was up from 51.2. As you can see from the chart below, it’s already almost at where it has peaked in the prior 3 cycles. We had a cyclical peak 2 years after the prior recession, so we can have a cyclical peak in 2021.
September Chicago PMI much stronger than expected at 62.4 vs. 52 est. & 51.2 in prior month; new orders, production & prices paid all rose faster & signaled expansion … unfortunately, employment still contracting & supplier deliveries still elevated pic.twitter.com/r7B5G6fxmP — Liz Ann Sonders (@LizAnnSonders) September 30, 2020
The services sector added 552,000 jobs. The most were added in trade, transportation, and utilities. These jobs added could have been due to the increase in online shopping. Leisure and hospitality added 92,000 jobs which goes against the data from homebase. It’s surprising to see such strong job creation in an industry that’s still ravaged by the virus.
Why Money Losers Are Winning
We all have the inkling that stocks of companies that lose money at the start have been doing better in the past few years. That’s because of low interest rates. The three charts below spell it out clearly. As you can see, when interest rates are high, startups need to be profitable from the beginning. If interest rates were high, none of the crazy money losing businesses that exist today would work. Capital wouldn’t be chasing growth at any cost like it is now.
We are primarily funded by readers. Please subscribe and donate to support us!
Business models under different interest rate scenarios pic.twitter.com/PIZx3PmcdT — Bread Crumbs Research (@CrowdedTradeCap) September 30, 2020
The middle chart is normalcy as companies can lose money in the beginning, but need to quickly make a profit when rates are moderate. It makes sense to want companies to be free to lose money at the start because that’s when they are investing in innovation. Moderate rates could allow the economy to be more robust (more disruption).
Now we are in the chart on the right where companies are deeply losing money for years before making a profit. Supposedly companies need to be profitable without their investments for growth, but that’s fuzzy. Sometimes companies never reach profitability after years of sales growth. If there are many companies willing to make losses for years, how can a company that has been losing money to take market share turn the corner? It needs to develop a moat/competitive advantage which is tough when all unprofitable growth companies are trying to do this.
We don’t know if the latest crop of disruptors will ever make a profit. We are seeing so many disruptors. Investment dollars are actually going to the money losing firms instead of the stable companies with a long history of profits. People think the stable companies will be disrupted without thinking of why the stable companies are profitable in the first place. Everyone bets on potential when interest rates are low. The question is if investors will love money losers forever if interest rate stay low.
The ECB Copies The Fed
The Fed is currently planning to allow inflation to stay above 2% for a little while so that the average of the past few years gets to 2%. It wants to make up for the years of below 2% inflation. The ECB is copying that policy. The problem for the ECB is it has even less credibility than the Fed. As you can see from the chart below, inflation rarely has stayed above 2% in the past 11 years. In fact, it’s collapsing as we speak.
It’s laughable for the ECB to claim it will let inflation stay above 2% when it can’t get it there in the first place. That’s like if a trader said he would sell his stock when he breaks even on the investment while it’s down 60% and falling each day. The ECB and the Fed are committed to low interest rates almost indefinitely. We won’t need to wait years to see the impact of low rates for the long term. That strongly dovish guidance is affecting markets right now.
Conclusion
Private sector job creation beat estimates which sets the labor market up well for a solid BLS release. The manufacturing sector had a strong September. It will likely have a solid Q4 on an absolute basis, not just in diffusion indexes. Low rates are encouraging companies to lose lots of money. These firms promise profitability, but don’t always deliver. No one cares as long as they keep growing. Will this last as long as rates are low? The ECB plans to allow inflation to rise above 2%. It’s not as if inflation is near 2% now. We are seeing the ramifications of this dovish guidance in markets today.


investmentwatchblog--2020-10-02--Jobs Report Sends a Signal That the Economic Recovery Could Be Fading… Millions of Americans May Not

Jobs Report Sends a Signal That the Economic Recovery Could Be Fading… Millions of Americans May Not Be Able to Pay Their Rent in October… 56 Million Americans Depended on Food Banks

‘ Massively Concerning ’ Jobs Report Sends a Signal That the Economic Recovery Could Be Fading The Labor Department reported Friday that nonfarm payrolls increased by 661,000 in September .
In normal times , that type of hiring pace would be considered a sign of a robust job market .
Millions of Americans May Not Be Able to Pay Their Rent in October The coronavirus pandemic has made it difficult for many Americans to generate income and , as a result , pay their rent .
As many as 35 million people in the U.S. may face eviction .
Here @ @ @ @ @ @ @ ’ re at risk of losing your home .
Report : 56 Million Americans Depended on Food Banks During the Pandemic Once only associated with enemy nations and the Great Depression , bread lines have returned to the US , often in form of miles-long traffic jams or car parks filled with hungry drivers.
, COVID-19 , Food Banks , PEW , report , The U.S. Economy Was Laden With Debt Before Covid .
That ’ s Bad News for a Recovery : WSJ The country entered the recession with record levels of @ @ @ @ @ @ @ Fourteen charts explain how we got there , and what it means for getting the economy going again .
U.S .
Facing ‘ Higher Risk of Recession ’ Now : Economist The September jobs report points to “ a higher risk of recession , ” as more Americans become long-term unemployed , according to S & P Global U.S. Chief Economist Beth Ann Bovino .
She spoke with Yahoo Finance ’ s Alexis Christoforous and Brian Sozzi .

The Labor Department reported Friday that nonfarm payrolls increased by 661,000 in September. In normal times, that type of hiring pace would be considered a sign of a robust job market.
The coronavirus pandemic has made it difficult for many Americans to generate income and, as a result, pay their rent. As many as 35 million people in the U.S. may face eviction. Here’s what to do if you’re at risk of losing your home.
Once only associated with enemy nations and the Great Depression, bread lines have returned to the US, often in form of miles-long traffic jams or car parks filled with hungry drivers., COVID-19, Food Banks, PEW, report,
We are primarily funded by readers. Please subscribe and donate to support us!
The country entered the recession with record levels of consumer, business and government debt. Fourteen charts explain how we got there, and what it means for getting the economy going again.
Fiscal stimulus stat!!
The September jobs report points to “a higher risk of recession,” as more Americans become long-term unemployed, according to S&P Global U.S. Chief Economist Beth Ann Bovino. She spoke with Yahoo Finance’s Alexis Christoforous and Brian Sozzi.


investmentwatchblog--2020-10-02--“De Dollarization Theme Is Intact”: IMF Reserve Data Shows Continued Flight From Dollar, Into Gold

“ De Dollarization Theme Is Intact ” : IMF Reserve Data Shows Continued Flight From Dollar , Into Gold On Wednesday , the IMF released the latest Currency Composition of Official Foreign Exchange Reserves ( COFER ) report for Q2 2020 .
It showed that while the Dollar share of global reserves had increased in Q1 2020 , likely on a combination of valuation effects and safe-haven demand , trend reversed abruptly in Q2 as shown in the Goldman chart below .
The contraction in dollar reserves is hardly new : prior to the Covid-19 pandemic , the Dollar share @ @ @ @ @ @ @ over the past two years ( chart below , left ) , but that trend was interrupted in Q1 2020 .
However , the market recovery in Q2 helped to reverse most of the increase in the Dollar ’ s share from earlier this year .
At the same time , the share of Euro reserves rebounded somewhat in Q2 .
Central Banks Double Down on the Failed Policies of the Twentieth Century In a macroeconomics-driven world , economic fallacies abound .
They are periodically trashed when disproved , only to arise again @ @ @ @ @ @ @ of macroeconomists determined to justify their statist beliefs .

On Wednesday, the IMF released the latest Currency Composition of Official Foreign Exchange Reserves (COFER) report for Q2 2020. It showed that while the Dollar share of global reserves had increased in Q1 2020, likely on a combination of valuation effects and safe-haven demand, trend reversed abruptly in Q2 as shown in the Goldman chart below.
The contraction in dollar reserves is hardly new: prior to the Covid-19 pandemic, the Dollar share of allocated reserves had been trending lower over the past two years (chart below, left), but that trend was interrupted in Q1 2020. However, the market recovery in Q2 helped to reverse most of the increase in the Dollar’s share from earlier this year. At the same time, the share of Euro reserves rebounded somewhat in Q2.
We are primarily funded by readers. Please subscribe and donate to support us!
In a macroeconomics-driven world, economic fallacies abound. They are periodically trashed when disproved, only to arise again as received wisdom for a new generation of macroeconomists determined to justify their statist beliefs.


investmentwatchblog--2020-10-02--Wow, look at that daily candle on copper. It’s like it’s saying we’re already crashing. Amazing.

Wow, look at that daily candle on copper. It's like it's saying we're already crashing. Amazing. pic.twitter.com/Id1WDFhSN8 — Dereck Coatney (@DereckCoatney) October 1, 2020
Just to put things into perspective: Sep saw the biggest decline in US govt jobs since May. pic.twitter.com/145QYrlL2y — Holger Zschaepitz (@Schuldensuehner) October 2, 2020
US permanent job losers 2.5 million off their cycle low point in Oct ‘19. pic.twitter.com/jMYu90aXFF — Julien Bittel, CFA (@BittelJulien) October 2, 2020


investmentwatchblog--2020-10-02--CNN SAYING “MOST DANGEROUS MOMENT US HAS EVER FACED” ITS CODE!

These bastards are going for a coup !
Something big is up !

These bastards are going for a coup!
Something big is up!
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AC


investmentwatchblog--2020-10-02--Kamala Harris Attempts to Do Damage Control Following the First Presidential Debate Nightmare

Late Tuesday night Sen. Kamala Harris ( D-CA ) attempted to clean up at least one of former Vice President Joe Biden ’ s blunders that took place during the first presidential debate .
Biden refused to answer whether or not he would support packing the Supreme Court , a move that Democrats have talked about should President Trump ’ s nominee , Amy Coney Barrett , be confirmed to the High Court .
“ His answer on court packing , adding more justices to the Court , just sounds like a straight up dodge .
Why won ’ t @ @ @ @ @ @ @ do , what he thinks should happen ?
” CBSN ’ s John Dickerson asked .
“ I think he ’ s very clear , John , that he is focused – as we all should be – on the next 35 days .
And he ’ s focused on , one , the process by which we ’ re even having the conversation about the United States Supreme Court , ” she explained .
Harris went on to say that her and others recently paid tributes and respect to the late Justice @ @ @ @ @ @ @ we see the president and the senate majority leader are pushing through a nominee while Americans are voting .
We ’ re not even talking about a debate has occurred in the past election year , ” the vice presidential nominee said .
“ We ’ re talking about literally doing an election , almost a million people have voted and they ’ re trying to ram this nominee through , clearly for political purposes.
” Instead of explaining where the Biden-Harris campaign stood on packing the Supreme Court , Harris said she @ @ @ @ @ @ @ focusing on the “ conversation ” surrounding the topic .
Harris can ’ t answer this question because she knows it ’ s a messy one and it ’ s not one that bodes well for their campaign .
Democrats threatened to pack the Court last year if SCOTUS decided to hear a gun case .
GOP senators had to step in and say the Court needs to be independent of the judiciary ( which is how our Founding Fathers intended it to be ) .
It ’ s the same mess .
@ @ @ @ @ @ @ to benefit them because something they didn ’ t like is taking place .
Oh well .
Elections have consequences .

Late Tuesday night Sen. Kamala Harris (D-CA) attempted to clean up at least one of former Vice President Joe Biden’s blunders that took place during the first presidential debate. Biden refused to answer whether or not he would support packing the Supreme Court, a move that Democrats have talked about should President Trump’s nominee, Amy Coney Barrett, be confirmed to the High Court.
“His answer on court packing, adding more justices to the Court, just sounds like a straight up dodge. Why won’t he talk about what he wants to do, what he thinks should happen?” CBSN’s John Dickerson asked.
“I think he’s very clear, John, that he is focused – as we all should be – on the next 35 days. And he’s focused on, one, the process by which we’re even having the conversation about the United States Supreme Court,” she explained.
Harris went on to say that her and others recently paid tributes and respect to the late Justice Ruth Bader Ginsburg.
“And now we see the president and the senate majority leader are pushing through a nominee while Americans are voting. We’re not even talking about a debate has occurred in the past election year,” the vice presidential nominee said. “We’re talking about literally doing an election, almost a million people have voted and they’re trying to ram this nominee through, clearly for political purposes.”
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Instead of explaining where the Biden-Harris campaign stood on packing the Supreme Court, Harris said she agreed with Biden’s approach of focusing on the “conversation” surrounding the topic.
Harris can’t answer this question because she knows it’s a messy one and it’s not one that bodes well for their campaign. Democrats threatened to pack the Court last year if SCOTUS decided to hear a gun case. GOP senators had to step in and say the Court needs to be independent of the judiciary (which is how our Founding Fathers intended it to be). It’s the same mess. Democrats are threatening to pack the Court to benefit them because something they didn’t like is taking place. Oh well. Elections have consequences.
townhall.com/tipsheet/bethbaumann/2020/09/29/watch-kamala-harris-attempts-to-do-damage-control-following-the-first-presidential-debate-n2577195
REPORTER: Joe Biden's "answer on court packing, adding more justices to the [Supreme] Court, just sounds like a straight up dodge. Why won't he talk about what he wants to do, what he thinks should happen?" Kamala Harris dodges the question. pic.twitter.com/Txjfosq1Pg — Trump War Room – Text TRUMP to 88022 (@TrumpWarRoom) September 30, 2020
h/t Jake


investmentwatchblog--2020-10-02--Ex Pfizer executive says covid-19 “pandemic is over,” so-called “second wave” based on fraudulent te

Ex Pfizer executive says covid-19 “ pandemic is over , ” so-called “ second wave ” based on fraudulent testing

Ex Pfizer executive says covid-19 “pandemic is over,” so-called “second wave” based on fraudulent testing
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investmentwatchblog--2020-10-02--Personal income tumbles as jobless benefits expire: We need to get people back to work: George Seay

Annandale Capital CEO George Seay joins Yahoo Finance ’ s Zack Guzman to break down the latest market and economic @ @ @ @ @ to grow .

Annandale Capital CEO George Seay joins Yahoo Finance’s Zack Guzman to break down the latest market and economic action as coronavirus concerns continue to grow.
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investmentwatchblog--2020-10-02--How to Use Seed During a Grid Down Situation

Seeds are always talked about in a grid down or emergency situation , here are the main ways you can @ @ @ @ @ highest value trade or micronutrient quick source in uncertain times .

Seeds are always talked about in a grid down or emergency situation, here are the main ways you can use seed to get the highest value trade or micronutrient quick source in uncertain times.
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investmentwatchblog--2020-10-02--The TRUTH About Unemployment! – MILLIONS Of Jobs WIPED OUT

Josh Sigurdson talks with Tim Picciott , The Liberty Advisor about the massive growing unemployment problem in the United States @ @ @ @ @ signalling of both sides of the political spectrum , the jobs numbers are not good @ @ @ @ @ hidden in the labor force participation rate as they have for many many years .
@ @ @ @ @ how many jobs they “ created , ” but don ’ t mention that we @ @ @ @ @ income coming from the government via stimulus programs .
That ’ s an absolutely shocking @ @ @ @ @ people after a period of time are not considered unemployed which by itself completely manipulates @ @ @ @ @ breaks down what this means and why we ’ re seeing a massive labor income @ @

Josh Sigurdson talks with Tim Picciott, The Liberty Advisor about the massive growing unemployment problem in the United States and elsewhere. Despite the signalling of both sides of the political spectrum, the jobs numbers are not good.
The real numbers are hidden in the labor force participation rate as they have for many many years. Both sides like to tout how many jobs they “created,” but don’t mention that we now see 25% of income coming from the government via stimulus programs. That’s an absolutely shocking number and most of those people after a period of time are not considered unemployed which by itself completely manipulates the labor numbers.
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Tim breaks down what this means and why we’re seeing a massive labor income loss.


investmentwatchblog--2020-10-02--Negative Rates and Helicopter Money Will Not Prevent the Economic Collapse. It’s Too Late.

Do you think that central banks imposing negative rates is a good thing ?
German Inflation Further Below Zero Bolsters @ @ @ @ @ Says EU ’ s Massive Stimulus Package at Risk of Stalling – Bloomberg Bailey Says @ @ @ @ @ Reached a Judgment on Negative Rates – Bloomberg Policy Makers Should Be Able to Lift @ @ @ @ @ Robert Kaplan – Bloomberg Queen to receive government ‘ bailout ’ to top up income @ @ @ @ @ economic slump | The Independent

Do you think that central banks imposing negative rates is a good thing?
German Inflation Further Below Zero Bolsters Stimulus Case – Bloomberg
www.bloomberg.com/news/articles/2020-09-29/german-inflation-drops-further-below-zero-as-ecb-eyes-stimulus?sref=ZEpEDN5v
Germany Says EU’s Massive Stimulus Package at Risk of Stalling – Bloomberg
www.bloomberg.com/news/articles/2020-09-29/germany-says-eu-s-massive-stimulus-package-at-risk-of-stalling?srnd=fixed-income
Bailey Says BOE Hasn’t Yet Reached a Judgment on Negative Rates – Bloomberg
www.bloomberg.com/news/articles/2020-09-29/bailey-says-boe-hasn-t-yet-reached-a-judgment-on-negative-rates?srnd=fixed-income
Property investment – Britain’s coming commercial property slump | Britain | The Economist
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www.economist.com/britain/2020/09/24/britains-coming-commercial-property-slump
Policy Makers Should Be Able to Lift Rates: Dallas Fed President Robert Kaplan – Bloomberg
www.bloomberg.com/news/articles/2020-09-29/policy-makers-should-have-freedom-to-lift-rates-kaplan-says?srnd=fixed-income
Federal Reserve Bank of San Francisco | Commercial Banks under Persistent Negative Rates
www.frbsf.org/economic-research/publications/economic-letter/2020/september/commercial-banks-under-persistent-negative-rates/?utm_source=mailchimp&utm_medium=email&utm_campaign=economic-letter
Queen to receive government ‘bailout’ to top up income after Crown Estate hit by economic slump | The Independent
www.independent.co.uk/news/uk/politics/queen-bailout-coronavirus-sovereign-grant-royal-family-b572508.html


investmentwatchblog--2020-10-02--Trump holds China accountable for coronavirus pandemic at UN summit

( Natural News ) U.S. President Donald Trump told the United Nations ( U.N. ) General Assembly on Sept. 22 that the world “ must hold China accountable ” for causing the coronavirus pandemic .
In a pre-recorded speech aired during the virtual conference , Trump described China as “ the nation which unleashed this plague onto the world.
” “ We are once again engaged in a global struggle .
We have waged a fierce battle against an invisible enemy … which has claimed countless lives , ” he added .
During the early stages of the pandemic — @ @ @ @ @ @ @ — the Chinese government chose to lock down cities , but allowed flights to leave China and “ infect the world.
” It did not warn the public about the risk of transmission until Jan. 20 .
Meanwhile , the U.S. initially released a travel warning against China on Jan. 21 after the first infected patient with a travel history to Wuhan was confirmed .
It imposed a full ban on Chinese travelers on Jan. 30 .
Trump said that China condemned his move to bar Chinese tourists even as the country itself @ @ @ @ @ @ @ in their homes.
” The U.S. president also criticized the World Health Organization ( WHO ) for its complicity in covering up the full extent of the coronavirus .
Calling the WHO “ virtually controlled by China , ” he lambasted the organization ’ s false declarations that human beings can not transmit the coronavirus , and people without symptoms would not spread the disease .
The WHO said in January that , based on data from Chinese health authorities , there was “ no clear evidence of human-to-human transmission.
” As a @ @ @ @ @ @ @ failed response ” to the pandemic , the U.S. announced its withdrawal as a member of the agency in July—to take effect next year .
Meanwhile , Chinese leader Xi Jinping emphasized the need for “ cooperation ” in his speech broadcasted during the U.N. General Assembly .
He added that nations must “ adhere to the guidance of science , ” “ fully exercise the WHO ’ s leading role , ” and reject attempts at “ politicization and stigmatization.
” Connection between WHO and CCP unraveled Last Sept. 21 , Republicans @ @ @ @ @ @ @ audit naming the Chinese Communist Party ( CCP ) and the WHO responsible for spreading the pandemic .
According to the report , a global outbreak would have been prevented if both organizations acted sooner .
Texas Rep. Michael McCaul said concerning the House audit : “ Had the CCP been transparent , and had the head of the WHO cared more about global health than appeasing the CCP , lives could have been spared and widespread economic devastation could have been mitigated.
” Six Republican senators jointly introduced in July a bill @ @ @ @ @ @ @ pandemic to file lawsuits against the Chinese government in U.S. courts .
Arizona Sen. Martha McSally , a co-author of the proposed “ Civil Justice for Victims of COVID Act , ” said in a statement that Americans victimized by the CCP ’ s “ lies and deceit ” deserve the opportunity to hold China responsible and demand compensation .
The president ’ s speech at the U.N. General Assembly and the moves by U.S. lawmakers shine a light on China ’ s culpability in causing the global coronavirus pandemic .
But prior @ @ @ @ @ @ @ s attempts to cover up its responsibility with the help of the WHO has surfaced .
According to critics of the WHO , it was too slow to recommend travel restrictions and other measures that could have addressed the spread of the coronavirus .
It also accepted information from China without verifying if these were correct , given the Chinese government ’ s practice of sanitizing the truth .
The organization even praised China ’ s response to the pandemic even though the CCP was concealing the real situation in the country .
@ @ @ @ @ @ @ Director-General Tedros Adhanom Ghebreyesus used to be a high-ranking member of the Tigray People ’ s Liberation Front ( TPLF ) responsible for brutal human rights abuses in Ethiopia .
The U.S. designated the China-backed TPLF as a terrorist organization in the 1990s .
According to data from the Johns Hopkins University , the U.S. has the largest coronavirus caseload amounting to 6.9 million infections ; 201,909 deaths and 2.7 million recoveries were recorded in the country .
Data from the same source indicate China has a caseload of 90,409 infections , 4,738 @ @ @ @ @ @ @ about China and the WHO ’ s attempts to cover up the full extent of the coronavirus pandemic at Pandemic.news .

by: Ramon Tomey
(Natural News) U.S. President Donald Trump told the United Nations (U.N.) General Assembly on Sept. 22 that the world “must hold China accountable” for causing the coronavirus pandemic. In a pre-recorded speech aired during the virtual conference, Trump described China as “the nation which unleashed this plague onto the world.”
“We are once again engaged in a global struggle. We have waged a fierce battle against an invisible enemy … which has claimed countless lives,” he added.
During the early stages of the pandemic — starting in the central city of Wuhan — the Chinese government chose to lock down cities, but allowed flights to leave China and “infect the world.” It did not warn the public about the risk of transmission until Jan. 20.
Meanwhile, the U.S. initially released a travel warning against China on Jan. 21 after the first infected patient with a travel history to Wuhan was confirmed. It imposed a full ban on Chinese travelers on Jan. 30. Trump said that China condemned his move to bar Chinese tourists even as the country itself “canceled domestic flights and locked citizens in their homes.”
The U.S. president also criticized the World Health Organization (WHO) for its complicity in covering up the full extent of the coronavirus. Calling the WHO “virtually controlled by China,” he lambasted the organization’s false declarations that human beings cannot transmit the coronavirus, and people without symptoms would not spread the disease.
The WHO said in January that, based on data from Chinese health authorities, there was “no clear evidence of human-to-human transmission.”
As a result of the WHO’s “failed response” to the pandemic, the U.S. announced its withdrawal as a member of the agency in July—to take effect next year.
Meanwhile, Chinese leader Xi Jinping emphasized the need for “cooperation” in his speech broadcasted during the U.N. General Assembly. He added that nations must “adhere to the guidance of science,” “fully exercise the WHO’s leading role,” and reject attempts at “politicization and stigmatization.”
Connection between WHO and CCP unraveled
Last Sept. 21, Republicans in the House of Representatives released an audit naming the Chinese Communist Party (CCP) and the WHO responsible for spreading the pandemic. According to the report, a global outbreak would have been prevented if both organizations acted sooner.
Texas Rep. Michael McCaul said concerning the House audit: “Had the CCP been transparent, and had the head of the WHO cared more about global health than appeasing the CCP, lives could have been spared and widespread economic devastation could have been mitigated.”
We are primarily funded by readers. Please subscribe and donate to support us!
Six Republican senators jointly introduced in July a bill that permitted Americans affected by the coronavirus pandemic to file lawsuits against the Chinese government in U.S. courts. Arizona Sen. Martha McSally, a co-author of the proposed “Civil Justice for Victims of COVID Act,” said in a statement that Americans victimized by the CCP’s “lies and deceit” deserve the opportunity to hold China responsible and demand compensation.
The president’s speech at the U.N. General Assembly and the moves by U.S. lawmakers shine a light on China’s culpability in causing the global coronavirus pandemic. But prior to these, evidence of China’s attempts to cover up its responsibility with the help of the WHO has surfaced.
According to critics of the WHO, it was too slow to recommend travel restrictions and other measures that could have addressed the spread of the coronavirus. It also accepted information from China without verifying if these were correct, given the Chinese government’s practice of sanitizing the truth. The organization even praised China’s response to the pandemic even though the CCP was concealing the real situation in the country.
Furthermore, a report has revealed WHO Director-General Tedros Adhanom Ghebreyesus used to be a high-ranking member of the Tigray People’s Liberation Front (TPLF) responsible for brutal human rights abuses in Ethiopia. The U.S. designated the China-backed TPLF as a terrorist organization in the 1990s.
According to data from the Johns Hopkins University, the U.S. has the largest coronavirus caseload amounting to 6.9 million infections; 201,909 deaths and 2.7 million recoveries were recorded in the country.
Data from the same source indicate China has a caseload of 90,409 infections, 4,738 deaths and 85,304 recoveries.
Read more about China and the WHO’s attempts to cover up the full extent of the coronavirus pandemic at Pandemic.news.
Sources include:
TheEpochTimes.com
McSally.Senate.gov


investmentwatchblog--2020-10-02--Nancy Pelosi has just been contacted by the White House on the protocols of continuity of government

Breaking—Nancy Pelosi has just been contacted by the White House on the protocols of continuity of government , according to @ @

Breaking—Nancy Pelosi has just been contacted by the White House on the protocols of continuity of government, according to MSNBC.
Pelosi also tested for #COVID19. Results pending.
Getting serious folks.
— Eric Feigl-Ding (@DrEricDing) October 2, 2020