investmentwatchblog--2020-05-04--China isn’t helping itself by acting guilty, which is what it’s doing with all the coverups and blus

China isn’t helping itself by acting guilty, which is what it’s doing with all the coverups and bluster.

GOOD : Global Backlash Builds Against China Over Coronavirus : As calls for inquiries and reparations spread , Beijing has responded aggressively , mixing threats with aid and adding to a growing mistrust of China .
The result has only added momentum to the blowback and the growing mistrust of China in Europe and Africa , undermining China ’ s desired image as a generous global actor .
MORE CHINA PRESSURE : World leaders demand wet markets be shut down : Scientists estimate that 60-75 % of emerging diseases are ‘ zoonotic , ’ or originating from animals .
Amid @ @ @ @ @ @ @ and China provoked by the global spread of the coronavirus , international pressure is building on China to close its wildlife “ wet ” markets , a notorious source of infectious diseases jumping from animals to humans .
As global health experts were learning about the eruption of COVID-19 in the Chinese industrial city of Wuhan in January , Beijing ordered a temporary shutdown of wet markets , followed by a “ permanent ” ban in February .
POMPEO SAYS ENORMOUS EVIDENCE COVID CAME FROM WUHAN LAB .
“ There Are Many Labs @ @ @ @ @ @ @ Risk Remains.
” Secretary of State Pompeo was interviewed on ABC ’ s This Week and said there ’ s “ enormous evidence ” exists indicating the coronavirus pandemic began in a lab in Wuhan and added China and that the ruling Communist Party did everything it could to keep the outbreak under wraps .
Something we all suspected but it is nice to have confirmed from someone high-up in the administration .
Covid came from Wuhan lab Martha Raddatz : And Mr. Secretary , have you seen anything that gives you high @ @ @ @ @ @ @ lab ?
SECRETARY POMPEO : Martha , there is enormous evidence that that ’ s where this began .
We ’ ve said from the beginning that this was a virus that originated in Wuhan , China .
We took a lot of grief for that from the outside , but I think the whole world can see now .
ABC Discovers What We Already Knew : China Tried to Cover-Up the Virus

GOOD: Global Backlash Builds Against China Over Coronavirus: As calls for inquiries and reparations spread, Beijing has responded aggressively, mixing threats with aid and adding to a growing mistrust of China.
As calls for inquiries and reparations spread, Beijing has responded aggressively, mixing threats with aid and adding to a growing mistrust of China. BRUSSELS — Australia has called for an inquiry into the origin of the virus. Germany and Britain are hesitating anew about inviting in the Chinese tech giant Huawei. President Trump has blamed China for the contagion and is seeking to punish it. Some governments want to sue Beijing for damages and reparations. Across the globe a backlash is building against China for its initial mishandling of the crisis that helped loose the coronavirus on the world, creating a deeply polarizing battle of narratives and setting back China’s ambition to fill the leadership vacuum left by the United States. China, never receptive to outside criticism and wary of damage to its domestic control and long economic reach, has responded aggressively, combining medical aid to other countries with harsh nationalist rhetoric, and mixing demands for gratitude with economic threats.
The result has only added momentum to the blowback and the growing mistrust of China in Europe and Africa, undermining China’s desired image as a generous global actor. MORE CHINA PRESSURE: World leaders demand wet markets be shut down: Scientists estimate that 60-75% of emerging diseases are ‘zoonotic,’ or originating from animals. Amid an escalating war of words between Australia and China provoked by the global spread of the coronavirus, international pressure is building on China to close its wildlife “wet” markets, a notorious source of infectious diseases jumping from animals to humans. As global health experts were learning about the eruption of COVID-19 in the Chinese industrial city of Wuhan in January, Beijing ordered a temporary shutdown of wet markets, followed by a “permanent” ban in February. In mid-April, China’s wet markets reopened. POMPEO SAYS ENORMOUS EVIDENCE COVID CAME FROM WUHAN LAB. “There Are Many Labs Inside Of China, Martha. This Risk Remains.”
Secretary of State Pompeo was interviewed on ABC’s This Week and said there’s “enormous evidence” exists indicating the coronavirus pandemic began in a lab in Wuhan and added China and that the ruling Communist Party did everything it could to keep the outbreak under wraps. Something we all suspected but it is nice to have confirmed from someone high-up in the administration. Covid came from Wuhan lab
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Martha Raddatz: And Mr. Secretary, have you seen anything that gives you high confidence that it originated in that Wuhan lab? SECRETARY POMPEO: Martha, there is enormous evidence that that’s where this began. We’ve said from the beginning that this was a virus that originated in Wuhan, China. We took a lot of grief for that from the outside, but I think the whole world can see now.
Cuomo calls PPE shortages a national security issue: ‘You can’t be dependent on China’
ABC Discovers What We Already Knew: China Tried to Cover-Up the Virus
Trump administration terminates funding of coronavirus bat research in China
China’s global growth in jeopardy as Beijing blasts allies amid coronavirus crisis
Cotton Proposes to Restrict Student Visas to Chinese
h/t GR


investmentwatchblog--2020-05-04--WHEN #METOO IS SOLD OUT FOR #ORANGEMANBAD:

Remember , whether as “ activist ” groups or “ activist ” individuals , feminists are just Democratic Party tools @ @ @ @ @ women ’ s interests — as a group or as individuals — whenever it conflicts @ @ @ @ @ for the Democrats .

via Twitter:
Remember, whether as “activist” groups or “activist” individuals, feminists are just Democratic Party tools. They’ll sacrifice women’s interests — as a group or as individuals — whenever it conflicts with the goal of power for the Democrats.
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Related:
h/t GR


investmentwatchblog--2020-05-04--Illinois State Police Clarify That CCL Holders Can (Probably) Wear Masks During Pandemic, (Maybe) Av

Illinois State Police Clarify That CCL Holders Can (Probably) Wear Masks During Pandemic, (Maybe) Avoid 3-Yr Jail Sentence

Concealed carry license holders in Illinois were thrown for a loop last week when Gov .
JB Pritzker announced that all residents over the age of two must wear a mask in public .
The problem ?
Wearing a mask while carrying a concealed weapon is a class 4 felony that carries a one-to-three-year jail sentence .
Both state police and at least one county attorney general have assured concealed carriers that they ’ re unlikely to face prosecution for following the governor ’ s health safety order while carrying a firearm .
Illinois State Police released the following statement @ @ @ @ @ @ @ will use “ appropriate judgment ” ( emphasis added ) : “ The Governor ’ s Executive Order regarding the wearing of masks or protective facial coverings in public settings during this serious global pandemic was not intended to negatively impact permit holders under the Illinois Concealed Carry Act while legally carrying firearms .
The Executive Order does not require or suggest that law enforcement should arrest or criminally charge conceal carry license permit holders for wearing protective masks while in public as long as they are complying with the other provisions of @ @ @ @ @ @ @ not committing any other violations of Illinois law .
ISP has confidence that law enforcement officers across the state will use appropriate judgment and that elected State ’ s Attorneys will likewise exercise sound prosecutorial discretion .
”

Concealed carry license holders in Illinois were thrown for a loop last week when Gov. JB Pritzker announced that all residents over the age of two must wear a mask in public. The problem? Wearing a mask while carrying a concealed weapon is a class 4 felony that carries a one-to-three-year jail sentence.
Both state police and at least one county attorney general have assured concealed carriers that they’re unlikely to face prosecution for following the governor’s health safety order while carrying a firearm.
Illinois State Police released the following statement, telling residents they believe law enforcement will use “appropriate judgment” (emphasis added):
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“The Governor’s Executive Order regarding the wearing of masks or protective facial coverings in public settings during this serious global pandemic was not intended to negatively impact permit holders under the Illinois Concealed Carry Act while legally carrying firearms. The Executive Order does not require or suggest that law enforcement should arrest or criminally charge conceal carry license permit holders for wearing protective masks while in public as long as they are complying with the other provisions of the Illinois Concealed Carry Act and are not committing any other violations of Illinois law. ISP has confidence that law enforcement officers across the state will use appropriate judgment and that elected State’s Attorneys will likewise exercise sound prosecutorial discretion.”
newschannel20.com/news/local/isp-responds-to-face-coverings-concealed-carry-concerns
Eagle


investmentwatchblog--2020-05-04--Neighborhood Karen* Wants Houston Area Residents To Snitch On Businesses

Harris County Judge Lina Hidalgo asking people to report businesses violating Gov .
Greg Abbott ’ s closure order .
@ @ @ @ @ staggering Twitter ratio : And the results are apparently going about as well as Bill @ @ @ @ @ efforts at baiting New Yorkers to rat on their fellow citizens : Note that the @ @ @ @ @ s article doesn ’ t list Hidalgo ’ s party affiliation .
Which means of @ @ @ @ @ if Hidalgo ’ s is employing the same Knowledgeable Actors Reporting Edict Noncompliance ( KAREN @ @ @ @ @ s Newspaper of Record reported that de Blasio experimented with last month .

Harris County Judge Lina Hidalgo asking people to report businesses violating Gov. Greg Abbott’s closure order. The result is a pretty staggering Twitter ratio:
And the results are apparently going about as well as Bill de Blasio’s earlier efforts at baiting New Yorkers to rat on their fellow citizens:
Note that the brief Houston-area ABC affiliate’s article doesn’t list Hidalgo’s party affiliation. Which means of course…
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* No word yet if Hidalgo’s is employing the same Knowledgeable Actors Reporting Edict Noncompliance (KAREN) system that America’s Newspaper of Record reported that de Blasio experimented with last month.
h/t ED


investmentwatchblog--2020-05-04--Personal information from 900+ St. Louisan tipsters exposed on social media

Beware the Snitches and Contact Tracers .
They are watching you dirty Americans .
How Dare you exercise your rights @ @ @

Beware the Snitches and Contact Tracers. They are watching you dirty Americans. How Dare you exercise your rights and liberties!
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AC


investmentwatchblog--2020-05-04--Constitution Under Attack From Corruption Virus – FBI/ FLYNN- MICHIGAN-Stay-At-Home

This video discusses the corruption and malfeasance rife with in the Flynn trial and investigation .
It also looks into @ @ @ @ @ states under their political guardianship is being infected by politically biased politicians and the institutions @ @ @ @ @

This video discusses the corruption and malfeasance rife with in the Flynn trial and investigation.
It also looks into how the constitution in some states under their political guardianship is being infected by politically biased politicians and the institutions they have sway over.
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h/t Pinkorchid


investmentwatchblog--2020-05-04--WATCH: California Police Officers At Anti-Lockdown Protest Appear To STAND DOWN After Marine Vet Wit

WATCH: California Police Officers At Anti-Lockdown Protest Appear To STAND DOWN After Marine Vet With Megaphone Challenges Their Integrity

Wow .
Let me just start out by saying that no matter what your individual views on the coronavirus lockdown @ @ @ @ @ is going to give you the chills .
Protesters in several California cities , including @ @ @ @ @ , and Sacramento rallied on Friday , May 1st , with huge protests against Democrat @ @ @ @ @ hyper restrictive coronavirus stay-at-home order .
In Sacramento , the state ’ s capital , @ @ @ @ @ of protesters faced off with lines of police officers in full riot gear .

Inspiring!
Wow. Let me just start out by saying that no matter what your individual views on the coronavirus lockdown orders are, this video is going to give you the chills.
Protesters in several California cities, including San Francisco, Huntington Beach, and Sacramento rallied on Friday, May 1st, with huge protests against Democrat Governor Gavin Newsom’s hyper restrictive coronavirus stay-at-home order.
In Sacramento, the state’s capital, a packed crowd of thousands of protesters faced off with lines of police officers in full riot gear.


investmentwatchblog--2020-05-04--Here Is Why The U.S. Economy Would Continue To Crash Even If All The Lockdowns Were Lifted Immediate

Here Is Why The U.S. Economy Would Continue To Crash Even If All The Lockdowns Were Lifted Immediately…

COVID-19 has created an enormous amount of fear , and that fear is doing far more damage to the economy than the actual virus is .
In an environment of fear , financial institutions become a lot tighter with their money , and that inevitably causes economic activity to slow down .
For example , just consider what happened in 2008 .
Mortgage lending standards suddenly became much more strict , and that greatly contributed to the horrific housing price crash which left millions upon millions of Americans underwater on their mortgages .
Unfortunately , this coronavirus pandemic has created @ @ @ @ @ @ @ greater than what we experienced during the last recession , and that has enormous implications for the months ahead .
Extremely loose lending standards helped create debt-fueled “ booms ” throughout our economy in recent years , but now lending standards are going in the complete opposite direction very rapidly .
For instance , Chase is now requiring a credit score of at least 700 for all new home loans , and they are one of the financial institutions that is now requiring a down payment of at least 20 percent… If you @ @ @ @ @ @ @ been approved for a mortgage under the new Chase standards ?
And Chase is far from alone .
In fact , most major mortgage lenders have now tightened up , and Redfin is estimating that about a quarter of all home buyers last year would not have qualified under the new standards .
So if you remove about a quarter of all buyers from the marketplace moving forward , what happens to the housing market ?
Yes , there will be an implosion , and it will happen no matter whether coronavirus lockdowns @ @ @ @ @ @ @ home equity loans are going to be hit even harder .
As I discussed last week , Wells Fargo is no longer taking HELOC applications at all .
So now matter how good your credit is , you simply can not get a home equity line of credit from Wells Fargo at this point .
This is what fear does .
We see similar things happening in the credit card industry .
Standards have been greatly tightened for new customers , and in some instances existing customers are having their limits slashed or @ @ @ @ @ @ @ comes from Newsweek… If you think that this won ’ t have a dramatic impact on the U.S. economy , then you probably haven ’ t been paying attention .
Our economy is a consumer driven economy , and if consumers don ’ t have access to easy credit there is no way in the world that economic activity will return to previous levels .
Of course even if they did have access to easy credit , many Americans are so afraid of this virus that they have no intention of resuming normal @ @ @ @ @ @ @ s hoping you enjoyed the last movie or concert you attended , because if the results of a new survey are accurate , it may be a long , long time before such events are ever popular again .
According to the research , 40 % of Americans plan to avoid public spaces unless “ absolutely necessary ” long after the coronavirus pandemic has subsided .
The survey , commissioned by Vital Vio , asked 1,000 U.S. adults about how they envision every day life in the wake of the coronavirus .
All @ @ @ @ @ @ @ are suddenly a whole lot more germaphobes in the land of the free .
Over four in five ( 82 % ) said they are now more aware of , and concerned about , cleaning protocols in public areas .
Additionally , 58 % are more suspicious about their friends ’ and family ’ s hygiene habits .
And a lot of companies are also going to be extremely hesitant to “ return to normal ” because of the threat of lawsuits .
Earlier today , I was stunned to learn that 771 @ @ @ @ @ @ @ have repeatedly warned my readers that it will be exceedingly difficult to “ return to normal ” in our overly litigious society , but even I didn ’ t expect so many lawsuits so soon .
And this is just the beginning .
Eventually there will be thousands upon thousands of coronavirus lawsuits , and they will tie up our courts for the foreseeable future .
This pandemic just seems to be magnifying everything that is wrong with our society , and at this point the future looks so bleak that even perpetually @ @ @ @ @ @ @ cards… Buffett understands that fear of this virus is going to paralyze air travel for a very long time to come , and he is getting out while he still can .
But if our society can not even handle COVID-19 , what will things look like once much worse things start happening ?
It has been sobering to watch how rapidly our “ snowflake society ” has melted during this pandemic .
Now virtually the entire nation is paralyzed by fear , and the once great U.S. economy is crashing all around @ @ @ @ @ @ @ is that this is just the beginning…

by Michael Snyder
COVID-19 has created an enormous amount of fear, and that fear is doing far more damage to the economy than the actual virus is. In an environment of fear, financial institutions become a lot tighter with their money, and that inevitably causes economic activity to slow down. For example, just consider what happened in 2008. Mortgage lending standards suddenly became much more strict, and that greatly contributed to the horrific housing price crash which left millions upon millions of Americans underwater on their mortgages. Unfortunately, this coronavirus pandemic has created a wave of fear that is far greater than what we experienced during the last recession, and that has enormous implications for the months ahead.
Extremely loose lending standards helped create debt-fueled “booms” throughout our economy in recent years, but now lending standards are going in the complete opposite direction very rapidly.
For instance, Chase is now requiring a credit score of at least 700 for all new home loans, and they are one of the financial institutions that is now requiring a down payment of at least 20 percent…
A Chase spokesperson confirmed that starting April 14, new mortgage applicants will need a minimum credit score of 700 and a down payment of 20%. Refinancing applications for non-Chase mortgages will also need the same score. Chase didn’t disclose its previous lending standards but the average downpayment for first-time home buyers is around 6%, according to a 2018 survey from the National Association of Realtors.
If you own your home, would you have been approved for a mortgage under the new Chase standards?
And Chase is far from alone. In fact, most major mortgage lenders have now tightened up, and Redfin is estimating that about a quarter of all home buyers last year would not have qualified under the new standards.
So if you remove about a quarter of all buyers from the marketplace moving forward, what happens to the housing market?
Yes, there will be an implosion, and it will happen no matter whether coronavirus lockdowns are in effect or not.
And home equity loans are going to be hit even harder. As I discussed last week, Wells Fargo is no longer taking HELOC applications at all.
So now matter how good your credit is, you simply cannot get a home equity line of credit from Wells Fargo at this point.
This is what fear does.
We see similar things happening in the credit card industry. Standards have been greatly tightened for new customers, and in some instances existing customers are having their limits slashed or their cards suddenly canceled. The following comes from Newsweek…
Analysts warn that credit card companies are lowering credit limits and canceling cards—often without warning—amid the pandemic-induced economic crisis, just as they did during the Great Recession.
If you think that this won’t have a dramatic impact on the U.S. economy, then you probably haven’t been paying attention.
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Our economy is a consumer driven economy, and if consumers don’t have access to easy credit there is no way in the world that economic activity will return to previous levels.
Of course even if they did have access to easy credit, many Americans are so afraid of this virus that they have no intention of resuming normal economic patterns any time soon…
Here’s hoping you enjoyed the last movie or concert you attended, because if the results of a new survey are accurate, it may be a long, long time before such events are ever popular again. According to the research, 40% of Americans plan to avoid public spaces unless “absolutely necessary” long after the coronavirus pandemic has subsided. The survey, commissioned by Vital Vio, asked 1,000 U.S. adults about how they envision every day life in the wake of the coronavirus. All in all, it looks like there are suddenly a whole lot more germaphobes in the land of the free. Over four in five (82%) said they are now more aware of, and concerned about, cleaning protocols in public areas. Additionally, 58% are more suspicious about their friends’ and family’s hygiene habits.
And a lot of companies are also going to be extremely hesitant to “return to normal” because of the threat of lawsuits.
Earlier today, I was stunned to learn that 771 coronavirus-related lawsuits have already been filed…
Hundreds of lawsuits stemming from the coronavirus pandemic are rapidly amassing in state and federal courts, the first wave of litigation challenging decisions made early during the crisis by corporations, insurance companies and governments. Claims have been filed against hospitals and senior-living facilities, airlines and cruise lines, fitness chains and the entertainment industry – 771 as of Friday, according to a database compiled by Hunton Andrews Kurth, an international law firm tracking cases that emerge from the pandemic.
Isn’t that insane?
I have repeatedly warned my readers that it will be exceedingly difficult to “return to normal” in our overly litigious society, but even I didn’t expect so many lawsuits so soon.
And this is just the beginning. Eventually there will be thousands upon thousands of coronavirus lawsuits, and they will tie up our courts for the foreseeable future.
This pandemic just seems to be magnifying everything that is wrong with our society, and at this point the future looks so bleak that even perpetually optimistic Warren Buffett is throwing in the cards…
A 95% plunge in passengers. Billions in losses. A rush for new debt. A recovery that executives expect to take years. Coronavirus is roiling the airline industry and the Oracle of Omaha has seen enough. Warren Buffett told investors Saturday that Berkshire Hathaway has sold its entire stakes in the four largest U.S. airlines — American, Delta, Southwest, United — as the pandemic upends another bet on the sector that the famed investor had shunned for years before a surprise return in 2016.
Buffett understands that fear of this virus is going to paralyze air travel for a very long time to come, and he is getting out while he still can.
But if our society cannot even handle COVID-19, what will things look like once much worse things start happening?
It has been sobering to watch how rapidly our “snowflake society” has melted during this pandemic.
Now virtually the entire nation is paralyzed by fear, and the once great U.S. economy is crashing all around us.
And the really bad news is that this is just the beginning…


investmentwatchblog--2020-05-04--Steve Quayle – America is Under Attack. Plague, Famine, Death & War All Being Aimed at America

Renowned radio host , filmmaker and book author Steve Quayle says , “ You need to know the information that @ @ @ @ @ from you so you can understand the lateness of the hour .
If we really @ @ @ @ @ hour , we are going to prioritize our lives , and we are going to @ @ @ @ @ the living God .
.
.
.
All of these things are not independent .
@ @ @ @ @ that Jesus spoke about in the end times .
The Four Horsemen of the Apocalypse @ @ @ @ @ one is famine , death and war .
My contention is that they are all @ @ @ @ @ all being aimed at the United States because we are the last bastion of freedom @ @

Renowned radio host, filmmaker and book author Steve Quayle says, “You need to know the information that they are trying to keep from you so you can understand the lateness of the hour. If we really know the lateness of the hour, we are going to prioritize our lives, and we are going to get our hearts right with the living God. . . . All of these things are not independent. They stand together as situations that Jesus spoke about in the end times. The Four Horsemen of the Apocalypse: One is plague, one is famine, death and war. My contention is that they are all related, and they are all being aimed at the United States because we are the last bastion of freedom.”
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investmentwatchblog--2020-05-04--PPP Loan forgiveness from a Small Business CPA

I own a 15 person CPA firm that provides outsourced CFO services for 150 or so small businesses .
We prepared PPP Loan applications for all of them , plus some 200 non clients .
All but one was approved ( he filed bankruptcy on SBA in 2019 ) .
Obviously now we are bombarded with questions about loan forgiveness .
My team and I have spent over 100 hours in webinars and other online education courses in the last 6 weeks .
It ’ s mind numbing .
Here is what we are living with , this program was @ @ @ @ @ @ @ the endgame looks like .
In business , we can be good , fast , or cheap , pick two .
We got fast and cheap .
Now SBA is rolling out regulations , and their claws are out .
Right now they are staring down big business , with access to capital markets .
Those folks are paying back loans and running for the hills over the bad press .
Next will be small businesses who try and “ game the system ” .
I have heard DOZENS of people talk about @ @ @ @ @ @ @ , pay it all to themselves , yada , yada , yada .
Final regulations have not been written yet .
We don ’ t know what the SBA will eventually require , but to think a $ 660 BILLION potential give away will not be heavily scrutinized is a fool ’ s error .
The SBA may be evil ( In my opinion they are ) , but they are not stupid .
They can change what the law means .
They did so with EIDL being $ 1K/employee when they got @ @ @ @ @ @ @ in 3 days .
WE are not governed by laws , we are governed by regulations which are written by gooberment bureaucrats with a bad comb over who never work a second more than their 37.5 hour week as mandated by their federal goobermentn union contract , will never face an election , hate small business owners , and now are working from home on their staycation as they type regulation while wearing their pajamas .
They know how people will try and game the system .
The requirements contain the 75 % @ @ @ @ @ @ @ they also control the 75 % “ headcount ” or staffing requirement .
Headcount can end up being “ bodies ” on payroll , or full time equivalent employees ( FTEE ’ s ) .
There is language being battered around about using the FTEE formula used in Obama Care .
We don ’ t know for sure what the “ final interim guidance ” will look like .
Of the 100 ’ s of hours of professional CE we have taken , about 1/2 say the requirement will be headcount , 1/2 @ @ @ @ @ @ @ plan on both being required .
If you play this straight down the middle , use the money for payroll , keep the # of employees as before , you will be fine .
Anything less , and it could go bad , very bad .
Some people , a very small percentage , will be criminally charged for fraud .
Obviously if you do not pay employees with the PPP money , you took the loan out fraudulently .
I believe that is what the SBA will say .
I get it @ @ @ @ @ @ @ home , they can not come to work , they want unemployment because it ’ s more than their wages .
I have spoken to no less than 100 employers in this situation .
I am advising pay your employees .
If you have direct deposit for them , use that and pay them their average wages pre-china virus .
If not , print and mail checks .
That is what you said would happen when you took out the loan , so do that .
Yes , if you have a spouse/child @ @ @ @ @ @ @ them .
There is nothing that prohibits the hiring of new employees .
But it needs to be legit .
Is your spouse/child helping with bookkeeping , deliveries , estimating , cleaning the office , filing , making phone calls , whatever ?
Can they start doing so ?
If you hire your spouse/child during the 8 week test period it ’ s not a problem , if you document what they did to help your business .
No documentation might mean a problem .
I don ’ t think banks will question @ @ @ @ @ @ @ you play this just like you said you would when taking out the loan .
But if you do not , they will have to dig around in your employment underwear drawer and dig out details so they can figure out how much is forgivable , and how much is not .
The “ method ” to calculate how much will be forgiven in questionable situations is an unknown at this point .
That sucks , we are living in the test period , and we don ’ t know the details of @ @ @ @ @ @ @ to pass .
So be very careful , do nothing funny , don ’ t try and game the system .
If you are a Sole Proprietor , with no employees , you may have to pay some of the loan back .
No one knows for sure , the guidance is not fully written or developed .
I suggest in that situation , put at least 50 % of the loan in a saving account and just wait until we know more .
That is being overly cautious , but you will @ @ @ @ @ @ @ you do so .
We are told mortgage interest and utilities for a HOME are NOT eligible expenses for loan forgiveness .
That is why some think SP ’ s with no employees who work from home may have to pay some of the loan back .
My advice is DO NOT try and game the system .
Play this straight down the middle , do exactly what the letter , AND spirit of the law requires.
, and you will be fine .
I have 100 % confidence my loan will be @ @ @ @ @ @ @ right , I ’ m increasing staffing and will pay out more in wages than the test period .
I ’ m giving bonuses to employees to make sure that happens .
I got a windfall , so should they .
Even though I won ’ t get a stimulus check , and they did .
I suggest doing the same .
Some employees will be upset you paid them , and then when you get that form to explain why they are not working , explain you have been paying them .
@ @ @ @ @ @ @ fraudulently applying for unemployment .
Either you or they will pay that back .
they got the money , they should pay it back .
Just be careful and do exactly what you said you would do with the loan proceeds and it won ’ t be a problem , anything less , I think it will be a problem .
Now to the Chinese Communist Party lovers , I am not one of you .
This is a China virus , and a Chinese Communist Party Virus .
That country is fucking @ @ @ @ @ @ @ so much you want to blame him for the virus .
Just go ahead and spew your vile and hate , no one takes you seriously .
The Chinese government is EVIL .
They ARE as bad as Hitler .
You siding with them because you hate Trump exposes much .
Quite being a liberal sheep .
I ’ m not asking you to agree with me , just agree who our true enemy is .
I ’ m also no fan of gooberment , and I have probably had a LOT more @ @ @ @ @ @ @ anti-small business gooberment regulators than you will in 50 years .
Yal , I hate most of these people , and most of them hate you , but for the haters , the democrats have you so brainwashed you would rather side with the people who hate you than some trying to help you .
So go with your gut , ignore my advice , and get fucked over .
We can tally score when the war is over .
It ’ s entirely possible I love your children more than you do @

by NumbersCPA123
I own a 15 person CPA firm that provides outsourced CFO services for 150 or so small businesses. We prepared PPP Loan applications for all of them, plus some 200 non clients. All but one was approved (he filed bankruptcy on SBA in 2019). Obviously now we are bombarded with questions about loan forgiveness. My team and I have spent over 100 hours in webinars and other online education courses in the last 6 weeks. It’s mind numbing.
Here is what we are living with, this program was pushed out with out thought of what the endgame looks like. In business, we can be good, fast, or cheap, pick two. We got fast and cheap.
Now SBA is rolling out regulations, and their claws are out. Right now they are staring down big business, with access to capital markets. Those folks are paying back loans and running for the hills over the bad press.
Next will be small businesses who try and “game the system”. I have heard DOZENS of people talk about how they planned to game the system, pay it all to themselves, yada, yada, yada. Final regulations have not been written yet. We don’t know what the SBA will eventually require, but to think a $660 BILLION potential give away will not be heavily scrutinized is a fool’s error.
The SBA may be evil (In my opinion they are), but they are not stupid. They can change what the law means. They did so with EIDL being $1K/employee when they got around to it instead of $10K in 3 days. WE are not governed by laws, we are governed by regulations which are written by gooberment bureaucrats with a bad comb over who never work a second more than their 37.5 hour week as mandated by their federal goobermentn union contract, will never face an election, hate small business owners, and now are working from home on their staycation as they type regulation while wearing their pajamas.
They know how people will try and game the system. The requirements contain the 75% to payroll we all know about, they also control the 75% “headcount” or staffing requirement. Headcount can end up being “bodies” on payroll, or full time equivalent employees (FTEE’s). There is language being battered around about using the FTEE formula used in Obama Care. We don’t know for sure what the “final interim guidance” will look like. Of the 100’s of hours of professional CE we have taken, about 1/2 say the requirement will be headcount, 1/2 say it will be FTEE. So plan on both being required.
If you play this straight down the middle, use the money for payroll, keep the # of employees as before, you will be fine. Anything less, and it could go bad, very bad. Some people, a very small percentage, will be criminally charged for fraud. Obviously if you do not pay employees with the PPP money, you took the loan out fraudulently. I believe that is what the SBA will say.
I get it, many of you have employees at home, they can not come to work, they want unemployment because it’s more than their wages. I have spoken to no less than 100 employers in this situation. I am advising pay your employees. If you have direct deposit for them, use that and pay them their average wages pre-china virus. If not, print and mail checks. That is what you said would happen when you took out the loan, so do that.
Yes, if you have a spouse/child who helps in your business, hire them. There is nothing that prohibits the hiring of new employees. But it needs to be legit. Is your spouse/child helping with bookkeeping, deliveries, estimating, cleaning the office, filing, making phone calls, whatever? Can they start doing so? If you hire your spouse/child during the 8 week test period it’s not a problem, if you document what they did to help your business. No documentation might mean a problem.
I don’t think banks will question names and SS# of employees if you play this just like you said you would when taking out the loan. But if you do not, they will have to dig around in your employment underwear drawer and dig out details so they can figure out how much is forgivable, and how much is not. The “method” to calculate how much will be forgiven in questionable situations is an unknown at this point. That sucks, we are living in the test period, and we don’t know the details of the “test” we will have to pass. So be very careful, do nothing funny, don’t try and game the system.
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If you are a Sole Proprietor, with no employees, you may have to pay some of the loan back. No one knows for sure, the guidance is not fully written or developed. I suggest in that situation, put at least 50% of the loan in a saving account and just wait until we know more. That is being overly cautious, but you will not get in a financial bind if you do so.
We are told mortgage interest and utilities for a HOME are NOT eligible expenses for loan forgiveness.
That is why some think SP’s with no employees who work from home may have to pay some of the loan back.
My advice is DO NOT try and game the system. Play this straight down the middle, do exactly what the letter, AND spirit of the law requires., and you will be fine. I have 100% confidence my loan will be repaid. I’m playing this right, I’m increasing staffing and will pay out more in wages than the test period. I’m giving bonuses to employees to make sure that happens. I got a windfall, so should they. Even though I won’t get a stimulus check, and they did. I suggest doing the same.
Some employees will be upset you paid them, and then when you get that form to explain why they are not working, explain you have been paying them. Let them deal with the fallout of fraudulently applying for unemployment. Either you or they will pay that back. they got the money, they should pay it back.
Just be careful and do exactly what you said you would do with the loan proceeds and it won’t be a problem, anything less, I think it will be a problem.
Now to the Chinese Communist Party lovers, I am not one of you. This is a China virus, and a Chinese Communist Party Virus. That country is fucking evil. Some of you hate Trump so much you want to blame him for the virus. Just go ahead and spew your vile and hate, no one takes you seriously. The Chinese government is EVIL. They ARE as bad as Hitler. You siding with them because you hate Trump exposes much. Quite being a liberal sheep. I’m not asking you to agree with me, just agree who our true enemy is.
I’m also no fan of gooberment, and I have probably had a LOT more experience with stupid, hate filled, anti-small business gooberment regulators than you will in 50 years. Yal, I hate most of these people, and most of them hate you, but for the haters, the democrats have you so brainwashed you would rather side with the people who hate you than some trying to help you. So go with your gut, ignore my advice, and get fucked over. We can tally score when the war is over. It’s entirely possible I love your children more than you do.

Disclaimer: This is a guest post


investmentwatchblog--2020-05-04--New Study Warns Up To 70% Of Americans Will Eventually Catch COVID-19 And The Pandemic Could Last 2

New Study Warns Up To 70% Of Americans Will Eventually Catch COVID-19 And The Pandemic Could Last 2 Years

Are we still going to be dealing with this coronavirus pandemic in 2022 ?
According to a shocking new study that was just released by the Center for Infectious Disease Research and Policy , the total duration of this pandemic “ will likely be 18 to 24 months ” , and “ 60 % to 70 % of the population ” may need to catch the virus before we get to the point of herd immunity .
Of course I have been warning for quite some time that most people in the United States will eventually catch this virus because @ @ @ @ @ @ @ herd immunity is achieved .
But most of our politicians are carefully avoiding using the phrase “ herd immunity ” because they don ’ t want to alarm the general population .
These days , the mainstream media is full of talk about “ reopenings ” and “ recovery ” , but the raw numbers paint an entirely different picture .
Despite the fact that most of the country has been locked down for weeks , we just had our deadliest day so far .
The following comes from CNBC… The United States @ @ @ @ @ @ @ due to the coronavirus as states across the country begin to ease restrictions meant to curb the spread of the virus , according to data published by the World Health Organization .
The U.S. saw 2,909 people die of Covid-19 in 24 hours , according to the data , which was collected as of 4 a.m .
ET on Friday .
That ’ s the highest daily Covid-19 death toll in the U.S. yet , based on a CNBC analysis of the WHO ’ s daily Covid-19 situation reports .
If this is @ @ @ @ @ @ @ confined to their homes , what is going to happen once a whole bunch of states attempt to “ reopen ” ?
I think that we all know the answer to that question .
But as long as our hospitals can handle it , we should allow people to go back to work , because the truth is that this virus is going to burn through our population whether there are lockdowns or not .
In fact , this alarming new study from the Center for Infectious Disease Research and Policy is projecting @ @ @ @ @ @ @ itself out until about 70 percent of the population is immune… There are many that are hoping that a “ vaccine ” can get us to herd immunity a lot faster , but that is a false hope .
If you don ’ t believe me , go to Google and do a search for an instance where scientists have developed a successful vaccine for a coronavirus .
You won ’ t find one , because there has never been a successful vaccine for any coronavirus in all of human history .
We @ @ @ @ @ @ @ lockdowns , but that just kills the economy and extends the suffering .
In the end , there is no way that we are going to be able to stop this pandemic until herd immunity is achieved , and that is precisely what this new CIDRAP study is saying… Lockdowns were never going to end this pandemic , and anyone that thought that was not being realistic .
For now , we have survived the first wave of this virus , but CIDRAP is also warning us that we need to brace ourselves @ @ @ @ @ @ @ work in a setting where you have any sort of interaction with the public at all , there is very high probability that you will catch this virus .
And once you catch this virus , there is a very high probability that you will spread it to the rest of your family .
The good news is that many people never get any symptoms at all , and most of those that do get ill eventually recover .
But more than 68,000 Americans have died during this pandemic so far , and @ @ @ @ @ @ @ 100,000 in a few weeks .
So the truth is that this pandemic is killing a lot of people , and we need to take it very seriously .
Before COVID-19 ever hit our shores , I was warning my readers to “ get prepared ” , and thankfully a lot of them did just that .
And it turns out that many among the elite were busily preparing for a future crisis as well .
In fact , I was stunned to learn that Bill and Melinda Gates stored up food in @ @ @ @ @ @ @ recent BBC interview… EMMA BARRETT : In terms of your own — again , just to talk about you and Bill for being so familiar with this — had you made any preparations ?
I was very struck by when I rewatched Bill ’ s talk from 2015 , he rolled that barrel onto the stage and said , “ When I was growing up , nuclear was kind of the threat , everyone was very worried about bombs and all sorts of threats like that , and we had this barrel in @ @ @ @ @ @ @ to go and eat out of it if we went in.
” Had you done preparation in your own lives ?
MELINDA GATES : We had done some preparation , yes .
BARRETT : What does the mean in terms of — because we had issues here in the UK with people panic shopping — how does a couple like you , who has this insight , how do you get prepared for that ?
GATES : A number of years ago , we talked about , “ What if there wasn ’ @ @ @ @ @ @ @ wasn ’ t enough food ?
Where might we go ?
What might we do as a family ?
” So , I think we should leave those preparations to ourselves .
We had prepared , and had some food in the basement in case needed , and now we ’ re all in the same situation .
Sadly , most ordinary Americans didn ’ t do anything to prepare in advance , and that is one of the reasons why there was so much “ panic buying ” during the early stages @ @ @ @ @ @ @ lot of people are being lulled into a false sense of security again , and the mainstream media just keeps insisting that the worst part of this pandemic is now behind us .
It would be great if that was true , but what if it isn ’ t ?
What if CIDRAP is correct and this pandemic stretches all the way into 2022 ?
Ultimately , a lot more Americans are going to get sick and a lot more Americans are going to die in the months ahead , and it appears @ @ @ @ @ @ @ still be in the very early chapters .

by Michael Snyder
Are we still going to be dealing with this coronavirus pandemic in 2022? According to a shocking new study that was just released by the Center for Infectious Disease Research and Policy, the total duration of this pandemic “will likely be 18 to 24 months”, and “60% to 70% of the population” may need to catch the virus before we get to the point of herd immunity. Of course I have been warning for quite some time that most people in the United States will eventually catch this virus because this pandemic will never be over until herd immunity is achieved. But most of our politicians are carefully avoiding using the phrase “herd immunity” because they don’t want to alarm the general population.
These days, the mainstream media is full of talk about “reopenings” and “recovery”, but the raw numbers paint an entirely different picture. Despite the fact that most of the country has been locked down for weeks, we just had our deadliest day so far. The following comes from CNBC…
The United States just had its deadliest day on record due to the coronavirus as states across the country begin to ease restrictions meant to curb the spread of the virus, according to data published by the World Health Organization. The U.S. saw 2,909 people die of Covid-19 in 24 hours, according to the data, which was collected as of 4 a.m. ET on Friday. That’s the highest daily Covid-19 death toll in the U.S. yet, based on a CNBC analysis of the WHO’s daily Covid-19 situation reports.
If this is happening even though most people are currently confined to their homes, what is going to happen once a whole bunch of states attempt to “reopen”?
I think that we all know the answer to that question.
But as long as our hospitals can handle it, we should allow people to go back to work, because the truth is that this virus is going to burn through our population whether there are lockdowns or not.
In fact, this alarming new study from the Center for Infectious Disease Research and Policy is projecting that the virus will not finally burn itself out until about 70 percent of the population is immune…
As coronavirus restrictions around the world are being lifted, a new report warns the pandemic that has already killed more than 230,000 people likely won’t be contained for two years. The modeling study from the Center for Infectious Disease Research and Policy (CIDRAP) at the University of Minnesota also says that about 70% of people need to be immune in order to bring the virus to a halt.
There are many that are hoping that a “vaccine” can get us to herd immunity a lot faster, but that is a false hope.
If you don’t believe me, go to Google and do a search for an instance where scientists have developed a successful vaccine for a coronavirus.
You won’t find one, because there has never been a successful vaccine for any coronavirus in all of human history.
We can slow down this pandemic by implementing lockdowns, but that just kills the economy and extends the suffering. In the end, there is no way that we are going to be able to stop this pandemic until herd immunity is achieved, and that is precisely what this new CIDRAP study is saying…
“The length of the pandemic will likely be 18 to 24 months, as herd immunity gradually develops in the human population,” the report says. “Given the transmissibility of SARS-CoV-2” — the virus that causes COVID-19 — “60% to 70% of the population may need to be immune to reach a critical threshold of herd immunity to halt the pandemic.”
Lockdowns were never going to end this pandemic, and anyone that thought that was not being realistic.
We are primarily funded by readers. Please subscribe and donate to support us!
For now, we have survived the first wave of this virus, but CIDRAP is also warning us that we need to brace ourselves for more waves to come…
The report lays out several possible scenarios, including one in which a larger wave of illnesses may happen in the fall or winter of 2020 and then subsequent smaller waves in 2021. The researchers say this model — similar to the pattern seen in the devastating 1918 Spanish flu pandemic — would “require the reinstitution of mitigation measures in the fall in an attempt to drive down spread of infection and prevent healthcare systems from being overwhelmed.”
If you work in a setting where you have any sort of interaction with the public at all, there is very high probability that you will catch this virus.
And once you catch this virus, there is a very high probability that you will spread it to the rest of your family.
The good news is that many people never get any symptoms at all, and most of those that do get ill eventually recover.
But more than 68,000 Americans have died during this pandemic so far, and the death toll will almost certainly cross 100,000 in a few weeks. So the truth is that this pandemic is killing a lot of people, and we need to take it very seriously.
Before COVID-19 ever hit our shores, I was warning my readers to “get prepared”, and thankfully a lot of them did just that.
And it turns out that many among the elite were busily preparing for a future crisis as well. In fact, I was stunned to learn that Bill and Melinda Gates stored up food in advance. The following comes from a recent BBC interview…
EMMA BARRETT: In terms of your own — again, just to talk about you and Bill for being so familiar with this — had you made any preparations? I was very struck by when I rewatched Bill’s talk from 2015, he rolled that barrel onto the stage and said, “When I was growing up, nuclear was kind of the threat, everyone was very worried about bombs and all sorts of threats like that, and we had this barrel in our basement where we’d have to go and eat out of it if we went in.” Had you done preparation in your own lives? MELINDA GATES: We had done some preparation, yes. BARRETT: What does the mean in terms of — because we had issues here in the UK with people panic shopping — how does a couple like you, who has this insight, how do you get prepared for that? GATES: A number of years ago, we talked about, “What if there wasn’t clean water? What if there wasn’t enough food? Where might we go? What might we do as a family?” So, I think we should leave those preparations to ourselves. We had prepared, and had some food in the basement in case needed, and now we’re all in the same situation.
Sadly, most ordinary Americans didn’t do anything to prepare in advance, and that is one of the reasons why there was so much “panic buying” during the early stages of this pandemic.
But now a lot of people are being lulled into a false sense of security again, and the mainstream media just keeps insisting that the worst part of this pandemic is now behind us.
It would be great if that was true, but what if it isn’t?
What if CIDRAP is correct and this pandemic stretches all the way into 2022?
Ultimately, a lot more Americans are going to get sick and a lot more Americans are going to die in the months ahead, and it appears that our battle with this virus could still be in the very early chapters.


investmentwatchblog--2020-05-04--Bankrupt Cities And States Get The National Disaster They’ve Been Hoping For

The people running states like New Jersey and cities like Chicago know they ’ re broke .
Ridiculously generous public employee pensions – concocted by elected officials and union leaders who had to have understood that they were writing checks their taxpayers couldn ’ t cover – are bleeding them dry , with no political solution in sight .
They also know that they have only two possible outs : bankruptcy , or some form of federal bailout .
Since the former means a disgraceful end to local political careers while the latter requires some kind of massive crisis to @ @ @ @ @ @ @ multi-trillion dollar state/city bailout is the least bad option , it ’ s safe to assume that mayors and governors – along with public sector union leaders – have been hoping for a crisis to save their bacon .
And this year they got their wish .
The country is on lockdown , unemployment is skyrocketing and mayors and governors now have a plausible way to rebrand their criminal mismanagement as a “ natural disaster ” deserving of outside help .
Here , for instance , is an estimate of how high unemployment @ @ @ @ @ @ @ that overall it ’ s brutal , but the distribution isn ’ t what you might expect : And here ’ s a table of state rainy day funds ( i.e.
, cash on hand ) .
To their credit , oil-producing states had the discipline to save against the inevitable oil price fluctuations .
Other states apparently didn ’ t see the need : Illinois , which has the most underfunded pensions but , interestingly , a relatively healthy labor market , apparently had its natural disaster bailout plan prepped and printed @ @ @ @ @ @ @ Almost instantly , governor Gov .
J.B. Pritzker had his hand out for – get this – $ 41 billion , a sum equal to three times the state ’ s estimated pandemic-related revenue loss in the coming year .
Overall , governors have asked for about $ 500 billion in aid .
And wait till California starts begging .
See California Governor : Expect Budget Gap in ‘ Tens of Billions ’ .
For President Trump , bailing out “ badly run Democrat states ” seems politically pointless , since those states @ @ @ @ @ @ @ Senate majority leader Mitch McConnell , meanwhile , trolled his Dem counterparts by suggesting that states just declare bankruptcy ( thus freeing them to cut pension benefits ) .
But of course this is just partisan fantasy .
Letting Illinois go bankrupt would send the muni bond market into a “ who ’ s next ?
” seizure , which would quickly spread to corporate bonds , equities , and real estate , cratering the US and then the global economy .
At least that ’ s the worst-case scenario economists will present @ @ @ @ @ @ @ presiding over the end of world during an election year , Washington will cave , agreeing to whatever the governors demand .
And so the grossest mismanagement in the history of US state and city government will be swept under the rug – or more accurately will be swept onto taxpayer balance sheets along with that of all the other sectors that are – surprise !
– too big to fail .
This is a shame since one of the few things worth looking forward to in the deep recession the world was @ @ @ @ @ @ @ the collapse of unconscionable public sector pensions , and the disgrace of the people who conned teachers , firefighters , and cops into thinking that those generous benefits were guaranteed .
On the list of financial/political crimes of the modern era , theirs ranks near the top .
And now it will go both unpublicized and unpunished .
Meanwhile , the resulting multi-trillion-dollar addition to the national debt will hasten the fiery end of the fiat currency/fractional reserve banking/unlimited-government-debt world .
One can only hope that future historians will get the story right @ @ @ @ @ @ @ answer for their sins .

BY JOHN RUBINO
The people running states like New Jersey and cities like Chicago know they’re broke. Ridiculously generous public employee pensions – concocted by elected officials and union leaders who had to have understood that they were writing checks their taxpayers couldn’t cover – are bleeding them dry, with no political solution in sight.
They also know that they have only two possible outs: bankruptcy, or some form of federal bailout. Since the former means a disgraceful end to local political careers while the latter requires some kind of massive crisis to push Washington into a place where a multi-trillion dollar state/city bailout is the least bad option, it’s safe to assume that mayors and governors – along with public sector union leaders – have been hoping for a crisis to save their bacon.
And this year they got their wish. The country is on lockdown, unemployment is skyrocketing and mayors and governors now have a plausible way to rebrand their criminal mismanagement as a “natural disaster” deserving of outside help.
Here, for instance, is an estimate of how high unemployment will spike for various states. Note that overall it’s brutal, but the distribution isn’t what you might expect:
And here’s a table of state rainy day funds (i.e., cash on hand). To their credit, oil-producing states had the discipline to save against the inevitable oil price fluctuations. Other states apparently didn’t see the need:
Illinois, which has the most underfunded pensions but, interestingly, a relatively healthy labor market, apparently had its natural disaster bailout plan prepped and printed before COVID-19 was invented and released. Almost instantly, governor Gov. J.B. Pritzker had his hand out for – get this – $41 billion, a sum equal to three times the state’s estimated pandemic-related revenue loss in the coming year. Overall, governors have asked for about $500 billion in aid.
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And wait till California starts begging. See California Governor: Expect Budget Gap in ‘Tens of Billions’.
For President Trump, bailing out “badly run Democrat states” seems politically pointless, since those states will never, ever vote Republican. Senate majority leader Mitch McConnell, meanwhile, trolled his Dem counterparts by suggesting that states just declare bankruptcy (thus freeing them to cut pension benefits).
But of course this is just partisan fantasy. Letting Illinois go bankrupt would send the muni bond market into a “who’s next?” seizure, which would quickly spread to corporate bonds, equities, and real estate, cratering the US and then the global economy. At least that’s the worst-case scenario economists will present to policymakers.
With no stomach for presiding over the end of world during an election year, Washington will cave, agreeing to whatever the governors demand. And so the grossest mismanagement in the history of US state and city government will be swept under the rug – or more accurately will be swept onto taxpayer balance sheets along with that of all the other sectors that are – surprise! – too big to fail.
This is a shame since one of the few things worth looking forward to in the deep recession the world was stumbling towards before the pandemic hit was the collapse of unconscionable public sector pensions, and the disgrace of the people who conned teachers, firefighters, and cops into thinking that those generous benefits were guaranteed. On the list of financial/political crimes of the modern era, theirs ranks near the top. And now it will go both unpublicized and unpunished.
Meanwhile, the resulting multi-trillion-dollar addition to the national debt will hasten the fiery end of the fiat currency/fractional reserve banking/unlimited-government-debt world. One can only hope that future historians will get the story right while the perps are still alive to answer for their sins.


investmentwatchblog--2020-05-05--NY Governor Has a Message for Single Women in his State

Vandana Rambaran from FOX News reports , New York Gov .
Andrew Cuomo lightened up the mood in what has @ @ @ @ @ tumultuous few months due to the CV by joking that he is an eligible bachelor @ @ @ @ @

Vandana Rambaran from FOX News reports, New York Gov. Andrew Cuomo lightened up the mood in what has been an otherwise tense and tumultuous few months due to the CV by joking that he is an eligible bachelor in New York City.
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www.foxnews.com/politics/andr…


investmentwatchblog--2020-05-05--April Jobs Report Likely WORST EVER! Fed Money Printing Ruined Markets/Economy Link

No amount of money printed can create prosperity .
No amount of money printing can fix anything .
This is a game they ’ re playing with you .
Do not accept this as legitimate .
Printing money out of thin air is not right .
There are consequences and that ’ s you getting punished if you ’ re a saver or on a fixed income !
The Fed has been aggressively buying anything and everything to prop up asset prices , in order to bring in more and more retail investors into the game .
Of course , @ @ @ @ @ @ @ Fed creates money out of thin air , doesn ’ t cost a thing , and doesn ’ t acknowledge the consequences of their actions .
Today , all central banks have done the same .
Print , buy , inflate .
But what happens to the real economy ?
Sven Henrich on Twitter : “ Congratulations @ federalreserve .
Market cap to GDP is back up into bubble territory at a whopping 138 % .
t.co/lIZODm5iCF ” / Twitter Coronavirus : Is US deflation or falling prices the new economic risk April @ @ @ @ @ @ @ Rate on Record – WSJ The sinking is now official and brings Spain to the rescue and a new era of adjustments | Economy Bernanke : “ To lend to a bank we simply use the computer to mark up the size of the account ” – YouTube Crowds gather to buy new Air Jordan sneakers in Atlanta after lockdown lifted

No amount of money printed can create prosperity. No amount of money printing can fix anything. This is a game they’re playing with you. Do not accept this as legitimate. Printing money out of thin air is not right. There are consequences and that’s you getting punished if you’re a saver or on a fixed income!
The Fed has been aggressively buying anything and everything to prop up asset prices, in order to bring in more and more retail investors into the game. Of course, this is always about control. The Fed creates money out of thin air, doesn’t cost a thing, and doesn’t acknowledge the consequences of their actions. Today, all central banks have done the same. Print, buy, inflate. But what happens to the real economy?
fed balance sheet expansion_0.jpg (777×551)
www.zerohedge.com/s3/files/inline-images/fed%20balance%20sheet%20expansion_0.jpg?itok=cmyqyjJS
Sven Henrich on Twitter: “Congratulations @federalreserve. Market cap to GDP is back up into bubble territory at a whopping 138%. t.co/lIZODm5iCF” / Twitter
twitter.com/NorthmanTrader/status/1255801385628688390
Coronavirus: Is US deflation or falling prices the new economic risk
www.usatoday.com/story/money/2020/05/03/coronavirus-us-deflation-falling-prices-new-economic-risk/3070084001/
April Jobs Report Likely to Show Highest Unemployment Rate on Record – WSJ
www.wsj.com/articles/april-jobs-report-likely-to-show-highest-unemployment-rate-on-record-11588514401
COVID-19: Canada layoff tracker – Macleans.ca
www.macleans.ca/economy/covid-19-canada-layoff-tracker/
Canada Emergency Response Benefit statistics – Canada.ca
www.canada.ca/en/services/benefits/ei/claims-report.html
Norway’s $1 Trillion Wealth Fund Expands U.S. Stakes Amid Rout – Bloomberg
www.bloomberg.com/news/articles/2020-05-01/norway-s-1-trillion-wealth-fund-expands-u-s-stakes-amid-rout?sref=2WWyrgO6
The sinking is now official and brings Spain to the rescue and a new era of adjustments | Economy
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www.elmundo.es/economia/2020/05/01/5eabef97fc6c8394248b464d.html
global crude in the water.jpg (1123×455)
www.zerohedge.com/s3/files/inline-images/global%20crude%20in%20the%20water.jpg?itok=kyyYkDj8
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www.zerohedge.com/s3/files/inline-images/375bbl%20oil%20floating%20storage.jpg?itok=H_JWCq1I
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www.zerohedge.com/s3/files/inline-images/market%20cap%20concentration%20highest%20ever.jpg?itok=z9eovpWt
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www.zerohedge.com/s3/files/inline-images/FAAMG%20vs%20SPX%20YTD.jpg?itok=dgZta3BB
FAAMGs fundamentals.jpg (695×498)
www.zerohedge.com/s3/files/inline-images/FAAMGs%20fundamentals.jpg?itok=qMOnkCDS
EWY2ustWkAcR4zX (900×632)
pbs.twimg.com/media/EWY2ustWkAcR4zX?format=jpg&name=900×900
Bernanke: “To lend to a bank we simply use the computer to mark up the size of the account” – YouTube
www.youtube.com/watch?v=hiCs_YHlKSI
Crowds gather to buy new Air Jordan sneakers in Atlanta after lockdown lifted
nypost.com/2020/05/03/crowds-gather-to-buy-new-air-jordan-sneakers-in-atlanta-after-lockdown-lifted/


investmentwatchblog--2020-05-05--Nancy Pelosi SNAPS After Reporters DEMAND to Know What She Thinks About Allegation Against Joe Biden

100 % Fed Up reports , Nancy Pelosi ’ s weekly press conference is always full of fluff and hand @ @ @ @ @ Pelosi , who holds court over obedient reporters who never ask a hard question .
@ @ @ @ @ and Pelosi didn ’ t like it one bit .

100% Fed Up reports, Nancy Pelosi’s weekly press conference is always full of fluff and hand waving by “Queen” Pelosi, who holds court over obedient reporters who never ask a hard question. Today was an exception, and Pelosi didn’t like it one bit.
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investmentwatchblog--2020-05-05--Storm Is Coming, You’ll Love How This Movie Ends

The [ DS ] /MSM are panicking , their event failed , the numbers are being reduced , people are @ @ @ @ @ up and they can not control the event anymore .
It ’ s only a @ @ @ @ @ is exonerated , more and more evidence is being produced to show he was trapped @ @ @ @ @ the storm is coming , [ DS ] makes their move with MO , when @ @ @ @ @ play the Trump card ?

The [DS]/MSM are panicking, their event failed, the numbers are being reduced, people are protesting, they are waking up and they cannot control the event anymore. It’s only a matter of time before Flynn is exonerated, more and more evidence is being produced to show he was trapped and blackmailed. Trump retweets the storm is coming, [DS] makes their move with MO, when is the right time to play the Trump card?
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investmentwatchblog--2020-05-05--Gold and Silver Miners to be the Next Dot Com Bubble

Tom welcomes back experienced investment professional David Hunter of Contrarian Macro Advisors to the show .
David shares some of his controversial contrarian views on where the markets are heading .
He often receives criticism from investors for his differing views .
David expects a rebound this summer and fall followed by another pull-back in the market .
The market should rally for a few more years due to massive money printing by the Fed and central banks .
His long term views hold for vastly higher gold , silver and oil prices as inflation takes hold in a few @ @ @ @ @ @ @ an eventual global deflationary bust , which will come with the biggest bear market since 1929 .
Time Stamp References : 1:10 – Recent events review .
4:15 – Melt-up explanation .
6:20 – Outlook for Markets .
10:30 – Economic Lag Time .
13:50 – Second collapse predictions .
17:00 – Eventual global deflationary bust .
21:30 – What will drive the current recovery .
23:47 – Expectations for the US dollar .
26:30 – Service debts at zero percent interest .
28:15 – Money printing and the Fed .
34:40 – @ @ @ @ @ @ @ mining stocks .
39:45 – Timeline for his predictions .
44:25 – Bond market thoughts .

David Hunter interviewed on Palisade Radio
Tom welcomes back experienced investment professional David Hunter of Contrarian Macro Advisors to the show. David shares some of his controversial contrarian views on where the markets are heading. He often receives criticism from investors for his differing views. David expects a rebound this summer and fall followed by another pull-back in the market. The market should rally for a few more years due to massive money printing by the Fed and central banks. His long term views hold for vastly higher gold, silver and oil prices as inflation takes hold in a few years. This inflation will result in an eventual global deflationary bust, which will come with the biggest bear market since 1929.
We are primarily funded by readers. Please subscribe and donate to support us!
Time Stamp References:
1:10 – Recent events review.
4:15 – Melt-up explanation.
6:20 – Outlook for Markets.
10:30 – Economic Lag Time.
13:50 – Second collapse predictions.
17:00 – Eventual global deflationary bust.
21:30 – What will drive the current recovery.
23:47 – Expectations for the US dollar.
26:30 – Service debts at zero percent interest.
28:15 – Money printing and the Fed.
34:40 – Bullish case for gold, silver, mining stocks.
39:45 – Timeline for his predictions.
44:25 – Bond market thoughts.


investmentwatchblog--2020-05-05--Will Oil Markets Ever Recover?

Will Oil Markets Ever Recover?

Oil companies , oil refiners , and oil traders believe that the worst of the demand destruction is already behind us .
But the jury is still out on how long it will take for global oil demand to recover to pre-COVID-19 levels–if ever .
The current prevailing opinion among industry professionals , international organizations , and analysts is that it could be more than a year before oil demand returns to 2019 levels .
There are early encouraging signs that demand is already edging up from the bottom that it hit a couple of weeks ago .
Yet , @ @ @ @ @ @ @ the end of 2021 to see global oil demand back up to 100 million barrels per day ( bpd ) .
What ’ s worse , some analysts say demand may never return to those levels .
Shell ’ s chief executive Ben van Beurden said on the earnings call last week that the current crisis is a “ crisis of uncertainty , ” and we don ’ t know what ’ s on the other side of it , as the supermajor slashed its dividend for the first time since World War @ @ @ @ @ @ @ a major demand destruction that we don ’ t even know that will come back .
So the oil price may come back .
But if the volumes are significantly lower , we still have a major dislocation , of course , in our own cash wheel , ” van Beurden said .
Demand will return .
However , it will be a slow journey on the road to recovery .
According to one of the biggest oil firms in the world , Shell , maybe we ’ ve already hit peak oil @ @ @ @ @ @ @ opinions from just three months ago that suggested global oil demand would continue to grow every year for at least another decade .
Still , signs are already out there that the worst of the demand crash is behind us .
“ I think there probably is a pent-up demand for folks to get out of their houses and get mobile and to shop again and to go to restaurants again , ” Joe Gorder , chairman and CEO at one of the largest refiners in the U.S. , Valero Energy , said @ @ @ @ @ @ @ commenting on the uptick in U.S. gasoline demand .
Darren Woods , chairman and CEO at ExxonMobil , which just reported its first quarterly loss since the 1999 merger of Exxon and Mobil , said on the call : “ [ T ] here are some , I ’ d say , encouraging early signs in the transportation sector , particularly road transportation.
” Last week , U.S. nationwide gasoline prices edged up for the first time in ten weeks due to a slight uptick in demand , according to AAA .
For @ @ @ @ @ @ @ EIA reported a surprise draw in gasoline inventories , suggesting that the U.S. has put the worst of the demand slump behind .
U.S. gas demand rose from 5.31 million bpd to 5.86 million bpd in the week to April 24 , but it was still 3.37 million bpd lower than the 2019 rate for that week , AAA says .
“ As more states aim to end their stay at home orders and businesses around the country begin to reopen , gas demand is likely to continue increasing and pump prices are @ @ @ @ @ @ @ increase , too , ” AAA noted.Related : The Most Critical Oil Storage In The United States Demand is slowly crawling up and will continue to do so , both in the U.S. and in Europe , where major economies such as Italy and Spain started to relax strict lockdowns in early May .
The question now is how long it will take to see demand back up at around the levels seen in 2019 .
According to the top executives at some of the world ’ s top oil trading houses , @ @ @ @ @ @ @ demand loss .
Still , the recovery could take more than a year .
Torbjörn Törnqvist , chairman and CEO at Gunvor Group , told Bloomberg ’ s Javier Blas that the market would take a long time to rebalance and oil prices would stay capped at around $ 40 a barrel until late in 2021 .
According to the International Energy Agency ’ s ( IEA ) latest estimates as of early May , global oil demand is set to drop by a record 9.3 million bpd in 2020 from 2019 .
@ @ @ @ @ @ @ 23.1 million bpd , while the recovery in the second half of 2020 will only be gradual .
“ Nonetheless , demand is not expected to reach pre-crisis levels before the end of the year , with December demand projected to be down 2.7 mb/d from December 2019 levels , ” the IEA said last week .

By Tsvetana Paraskova
Oil companies, oil refiners, and oil traders believe that the worst of the demand destruction is already behind us. But the jury is still out on how long it will take for global oil demand to recover to pre-COVID-19 levels–if ever. The current prevailing opinion among industry professionals, international organizations, and analysts is that it could be more than a year before oil demand returns to 2019 levels.
There are early encouraging signs that demand is already edging up from the bottom that it hit a couple of weeks ago. Yet, the industry may have to wait until the end of 2021 to see global oil demand back up to 100 million barrels per day (bpd).
What’s worse, some analysts say demand may never return to those levels.
Shell’s chief executive Ben van Beurden said on the earnings call last week that the current crisis is a “crisis of uncertainty,” and we don’t know what’s on the other side of it, as the supermajor slashed its dividend for the first time since World War II.
“We are looking at a major demand destruction that we don’t even know that will come back. So the oil price may come back. But if the volumes are significantly lower, we still have a major dislocation, of course, in our own cash wheel,” van Beurden said.
Demand will return. However, it will be a slow journey on the road to recovery. According to one of the biggest oil firms in the world, Shell, maybe we’ve already hit peak oil demand—a sobering view in stark contrast with opinions from just three months ago that suggested global oil demand would continue to grow every year for at least another decade.
Still, signs are already out there that the worst of the demand crash is behind us.
“I think there probably is a pent-up demand for folks to get out of their houses and get mobile and to shop again and to go to restaurants again,”
Joe Gorder, chairman and CEO at one of the largest refiners in the U.S., Valero Energy, said on the earnings call last week, commenting on the uptick in U.S. gasoline demand.
Darren Woods, chairman and CEO at ExxonMobil, which just reported its first quarterly loss since the 1999 merger of Exxon and Mobil, said on the call:
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“[T]here are some, I’d say, encouraging early signs in the transportation sector, particularly road transportation.”
Last week, U.S. nationwide gasoline prices edged up for the first time in ten weeks due to a slight uptick in demand, according to AAA. For the week to April 24, the EIA reported a surprise draw in gasoline inventories, suggesting that the U.S. has put the worst of the demand slump behind.
U.S. gas demand rose from 5.31 million bpd to 5.86 million bpd in the week to April 24, but it was still 3.37 million bpd lower than the 2019 rate for that week, AAA says.
“As more states aim to end their stay at home orders and businesses around the country begin to reopen, gas demand is likely to continue increasing and pump prices are likely to slow their decline and possibly increase, too,” AAA noted.Related: The Most Critical Oil Storage In The United States
Demand is slowly crawling up and will continue to do so, both in the U.S. and in Europe, where major economies such as Italy and Spain started to relax strict lockdowns in early May.
The question now is how long it will take to see demand back up at around the levels seen in 2019. According to the top executives at some of the world’s top oil trading houses, we have already seen the bottom of demand loss. Still, the recovery could take more than a year.
Torbjörn Törnqvist, chairman and CEO at Gunvor Group, told Bloomberg’s Javier Blas that the market would take a long time to rebalance and oil prices would stay capped at around $40 a barrel until late in 2021.
According to the International Energy Agency’s (IEA) latest estimates as of early May, global oil demand is set to drop by a record 9.3 million bpd in 2020 from 2019. The demand destruction in Q2 would be 23.1 million bpd, while the recovery in the second half of 2020 will only be gradual.
“Nonetheless, demand is not expected to reach pre-crisis levels before the end of the year, with December demand projected to be down 2.7 mb/d from December 2019 levels,” the IEA said last week.
By Tsvetana Paraskova for Oilprice.com


investmentwatchblog--2020-05-05--Warren Buffett is optimistic? Pessimistic? No, realistic

Interesting analysis by Andrew Ross Sorkin in The New York Times today .
Some might think this is obvious but most are just talking about airlines .
Perhaps he is signaling some real concern but is trying not to spook the markets and be positive .
Every year for the last decade , I ’ ve sat onstage at this meeting in Omaha with Mr. Buffett and his best friend , Charlie Munger , as one of several journalists asking him questions sent in by the public .
His positivity , even during difficult economic moments , always radiated with @ @ @ @ @ @ @ all , he is known as the Oracle of Omaha .
That ’ s why it was unsettling to hear him repeatedly say “ I don ’ t know.
” He was careful to say the markets would improve in the long term — though his time frame for certainty was decades , not months or not even necessarily years from now .
About the current climate , he said , “ You can bet on America , but you kind of have to be careful about how you bet.
” He added @ @ @ @ @ @ @ ” At a time when the stock market has been buoyed by politicians pushing to reopen America and hopeful investors often willing to overlook the immediate economic carnage , Mr. Buffett sounded a note of realism about the challenges ahead .
He talked about the possibility of a second wave of coronavirus infections .
He acknowledged that the world might profoundly change for years to come .
And he spent a notable portion of the meeting detailing the economy ’ s performance since 1789 , with a particular focus on the years between @ @ @ @ @ @ @ which the stock market took 22 years to get back to its highs .
More than his words , he spoke with his wallet .
He usually relishes a down stock market to take advantage of lower prices .
Not this time .
He hadn ’ t made any purchases recently ; he didn ’ t buy up stocks when they had fallen last month during what felt like a mini-panic : “ We have not done anything , because we don ’ t see anything that attractive to do.
” Juxtapose that @ @ @ @ @ @ @ the financial crisis of 2008 .
Back then , he wrote an op-ed in The New York Times a month after Lehman Brothers filed for bankruptcy : “ In the near term , unemployment will rise , business activity will falter and headlines will continue to be scary .
So … I ’ ve been buying American stocks.
” This time , he is husbanding his capital .
“ Our position will be to stay a Fort Knox , ” he said .
In other words , he is hoping to protect the @ @ @ @ @ @ @ he is clearly worried enough that it might .
He said the $ 137 billion he had on hand “ isn ’ t all that huge when you think about worst-case possibilities.
” Let that seep in .

by AvgJoeCrypto
Interesting analysis by Andrew Ross Sorkin in The New York Times today.
Some might think this is obvious but most are just talking about airlines. Perhaps he is signaling some real concern but is trying not to spook the markets and be positive.
Article – No Paywall – Globe and Mail
Excerpt:
Every year for the last decade, I’ve sat onstage at this meeting in Omaha with Mr. Buffett and his best friend, Charlie Munger, as one of several journalists asking him questions sent in by the public. His positivity, even during difficult economic moments, always radiated with a clear sense of certainty. After all, he is known as the Oracle of Omaha.
That’s why it was unsettling to hear him repeatedly say “I don’t know.” He was careful to say the markets would improve in the long term — though his time frame for certainty was decades, not months or not even necessarily years from now. About the current climate, he said, “You can bet on America, but you kind of have to be careful about how you bet.” He added “simply because markets can do anything.”
At a time when the stock market has been buoyed by politicians pushing to reopen America and hopeful investors often willing to overlook the immediate economic carnage, Mr. Buffett sounded a note of realism about the challenges ahead.
He talked about the possibility of a second wave of coronavirus infections. He acknowledged that the world might profoundly change for years to come. And he spent a notable portion of the meeting detailing the economy’s performance since 1789, with a particular focus on the years between 1929 and 1951, a period in which the stock market took 22 years to get back to its highs.
More than his words, he spoke with his wallet. He usually relishes a down stock market to take advantage of lower prices. Not this time. He hadn’t made any purchases recently; he didn’t buy up stocks when they had fallen last month during what felt like a mini-panic: “We have not done anything, because we don’t see anything that attractive to do.”
Juxtapose that with his actions in the midst of the financial crisis of 2008. Back then, he wrote an op-ed in The New York Times a month after Lehman Brothers filed for bankruptcy: “In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary. So … I’ve been buying American stocks.”
This time, he is husbanding his capital. “Our position will be to stay a Fort Knox,” he said.
In other words, he is hoping to protect the company if things get worse, and he is clearly worried enough that it might.
He said the $137 billion he had on hand “isn’t all that huge when you think about worst-case possibilities.”
Let that seep in.


investmentwatchblog--2020-05-05--The State of the EIDL 5/4:  Moving forward maximum loan amount will be reduced from 500K to 150K, fr

The State of the EIDL 5/4:  Moving forward maximum loan amount will be reduced from 500K to 150K, from reliable inside source and other details in this thread.

A source reached out to share some details about whats going on , this person has proven to have reliable and accurate info in the past , so I feel confident in sharing this with reddit .
Won ’ t be saying who they are or exactly what they do .
Their motivation is to help people on Reddit .
Last time I shared info on the 15K cap that was put in place for a while , no one believed me and called fake news .
Hopefully this time , people won ’ t do the same .
Some @ @ @ @ @ @ @ I learned : -Previous maximum loan of 500K has been reduced to 150K moving forward .
If you have already accepted an offer in the portal of over 150K it will not effect you .
If you have not yet accepted an offer or received a portal invite , you will be capped at 150K .
As with the last cap , you will not see official word of this but anecdotal reports will start showing up shortly .
-The slowdown on EIDL over the past 2 weeks is two fold .
One @ @ @ @ @ @ @ resources were diverted .
Secondly , priority was on reaching out and assisting people who were previously effected by the last 15K cap for full eligibility .
No one who was in the “ obligating ” stage was moving forward due to priority on these prior applicants .
As of 5/4 this restriction was lifted and movement will be seen .
My assumption is portal invites will be seen soon .
-Minimum credit is confirmed 570 .
It was lowered to 475 briefly but when the short form was released it was raised @ @ @ @ @ @ @ documentation required and credit being the sole qualifier for these loans .
No one knows the exact scoring model used , it is privileged info .
Other factors beyond score considered are : No open bankruptcy , no child support delinquency over 60 days , no felonies , no misdemeanors less than 10 years .
-For those who need COGS adjusted , you are likely stuck for the moment .
Plan accordingly .
-Those who were denied or waiting for reconsideration / appeal are in a holding pattern .
No guidance has been @ @ @ @ @ @ @ is on active/approved applicants .
Hint : Congressional Inquiry is your friend here .
Contact your congressman if you think you truly have a case for appeal .
-Applications are resumed as of right now but only for agriculture .
Go to covid19relief.sba.gov/ to apply -For people with banking info problems : There ’ s different levels of bank errors .
They sent out new guidance for those .
Specific errors are non issues and we approved easily .
Some errors require the LO to call applicants to verify .
The previous ones @ @ @ @ @ @ @ process .
These shouldn ’ t be critical issues anymore .
Some other honorable mentions that I think are more speculation/opinion : -Processing applications has been slow and difficult due to a high degree of questionable claims from people looking to cash in on the grant vs actual businesses wanting a loan .
Think the uber or etsy / youtube crowd .
It ’ s been a significant roadblock and has clogged the system .
-Legit SBA employees ( not temps ) are here and do read Reddit , they are sympathetic and @ @ @ @ @ @ @ 12 hour shifts 6 days a week .
They must watch what they say are are limited to help that can be provided from the shadows .
Things change on a daily basis and what you read here may not hold true a week from now or even tomorrow .
Remember previous 15K cap came and was lifted before .

via Reddit
A source reached out to share some details about whats going on, this person has proven to have reliable and accurate info in the past, so I feel confident in sharing this with reddit. Won’t be saying who they are or exactly what they do. Their motivation is to help people on Reddit. Last time I shared info on the 15K cap that was put in place for a while, no one believed me and called fake news. Hopefully this time, people won’t do the same.
————
Some factual highlights and bullet points for things I learned:
-Previous maximum loan of 500K has been reduced to 150K moving forward. If you have already accepted an offer in the portal of over 150K it will not effect you. If you have not yet accepted an offer or received a portal invite, you will be capped at 150K. As with the last cap, you will not see official word of this but anecdotal reports will start showing up shortly.
-The slowdown on EIDL over the past 2 weeks is two fold. One reason is that with PPP clogging e-tran resources were diverted. Secondly, priority was on reaching out and assisting people who were previously effected by the last 15K cap for full eligibility. No one who was in the “obligating” stage was moving forward due to priority on these prior applicants. As of 5/4 this restriction was lifted and movement will be seen. My assumption is portal invites will be seen soon.
-Minimum credit is confirmed 570. It was lowered to 475 briefly but when the short form was released it was raised back up, due to lack of documentation required and credit being the sole qualifier for these loans. No one knows the exact scoring model used, it is privileged info. Other factors beyond score considered are: No open bankruptcy, no child support delinquency over 60 days, no felonies, no misdemeanors less than 10 years.
-For those who need COGS adjusted, you are likely stuck for the moment. Plan accordingly.
-Those who were denied or waiting for reconsideration / appeal are in a holding pattern. No guidance has been issued on these cases and the priority is on active/approved applicants. Hint: Congressional Inquiry is your friend here. Contact your congressman if you think you truly have a case for appeal.
We are primarily funded by readers. Please subscribe and donate to support us!
-Applications are resumed as of right now but only for agriculture. Go to covid19relief.sba.gov/ to apply
-For people with banking info problems: There’s different levels of bank errors. They sent out new guidance for those. Specific errors are non issues and we approved easily. Some errors require the LO to call applicants to verify. The previous ones that were declined were reaccepted back to process. These shouldn’t be critical issues anymore.
—————–

Some other honorable mentions that I think are more speculation/opinion:
-Processing applications has been slow and difficult due to a high degree of questionable claims from people looking to cash in on the grant vs actual businesses wanting a loan. Think the uber or etsy / youtube crowd. It’s been a significant roadblock and has clogged the system.
-Legit SBA employees (not temps) are here and do read Reddit, they are sympathetic and want to help. They are working 12 hour shifts 6 days a week. They must watch what they say are are limited to help that can be provided from the shadows.
—————–
Things change on a daily basis and what you read here may not hold true a week from now or even tomorrow. Remember previous 15K cap came and was lifted before.


investmentwatchblog--2020-05-05--ABANDON SHIP & Let the Fed Decide If You Drown – Mike Maloney

Imagine you ’ re on a ship that has struck an iceberg , and you know it ’ s going @ @ @ @ @ the life vests for you and your family .
You rush to the deck to @ @ @ @ @ but there you encounter some authority…that is actively taking life vests away from one group @ @ @ @ @ and giving them to another group of people , and leading them to the lifeboats @ @ @ @ @ , and who will die .
In this analogy , the ship is the economy @ @ @ @ @ the Federal Reserve .
This is happening right now .
Enjoy today ’ s update @ @ @

Imagine you’re on a ship that has struck an iceberg, and you know it’s going down. You quickly grab the life vests for you and your family. You rush to the deck to go to the lifeboats, but there you encounter some authority…that is actively taking life vests away from one group of people by force, and giving them to another group of people, and leading them to the lifeboats – deciding who will live, and who will die. In this analogy, the ship is the economy, and the authority is the Federal Reserve. This is happening right now. Enjoy today’s update from Mike.
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investmentwatchblog--2020-05-05--Thank you MarketWatch very useful

Thank you MarketWatch very useful

Stocks will go to a new ATH or drop 40 % .
Look at me , am stock analyst now @

by Cranedigian
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Stocks will go to a new ATH or drop 40%. Look at me, am stock analyst now.


investmentwatchblog--2020-05-05--The Federal Reserve Has Been Significantly Winding Down It’s Treasury Purchases

With all of the memes and jokes about “ money printing ” going around , and the news about the @ @ @ @ @ bonds , I think it ’ s very easy to develop a distorted view of @ @ @ @ @ at the federal reserve .
Just from social media , you may be inclined to @ @ @ @ @ ramping up it ’ s rate of “ Money creation ” - I ’ ve @ @ @ @ @ on this subreddit .
But that sentiment conflicts with the stats .
At the start @ @ @ @ @ the states , The federal reserve was Buying $ 75 Billion in treasuries per day @ @ @ @ @ from the link above , this has been significantly wound down throughout April .
By @ @ @ @ @ to $ 30 Billion per day , and now , they ’ re only planning @ @ @ @ @ in treasuries per day .

www.newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/treasury-securities/treasury-securities-operational-details
With all of the memes and jokes about “money printing” going around, and the news about the federal reserve possibly buying corporate bonds, I think it’s very easy to develop a distorted view of what’s going on at the federal reserve. Just from social media, you may be inclined to believe the federal reserve is ramping up it’s rate of “Money creation”- I’ve seen that sentiment reflected heavily on this subreddit. But that sentiment conflicts with the stats.
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At the start of the pandemic panic in the states, The federal reserve was Buying $75 Billion in treasuries per day.
As you can see from the link above, this has been significantly wound down throughout April. By mid April they were down to $30 Billion per day, and now, they’re only planning to buy $8 Billion in treasuries per day.


investmentwatchblog--2020-05-05--“Employees who reject offers of reemployment may forfeit eligibility for continued unemployment comp

“ Employees who reject offers of reemployment may forfeit eligibility for continued unemployment compensation ” t.co/8TNiHjTSnW

“Employees who reject offers of reemployment may forfeit eligibility for continued unemployment compensation” t.co/8TNiHjTSnW
— Nick Timiraos (@NickTimiraos) May 4, 2020


investmentwatchblog--2020-05-05--Travel nurse from Nevada details how malpractice, not Covid-19, is killing patients in NYC. This was

Travel nurse from Nevada details how malpractice, not Covid-19, is killing patients in NYC. This was listed on a news site, but Facebook had already removed the content.

I went to read the article on this and view the linked video , but FB had already removed it @ @ @ @ @ name and this came up on YT .
Never posted here , but this seemed @ @ @ @ @ She seems to be having a mental breakdown dealing with the triage type approach to @ @ @ @ @ .
Since families are unable to stay with their loved ones , there does not @ @ @ @ @ for the patients .
In her eyes , this is murder…harsh term , but it @ @ @ @ @ the malpractice level .
If this is legit , she ’ s putting a big @ @ @ @ @ sounding the alarm in such a public manner .

I went to read the article on this and view the linked video, but FB had already removed it. I searched for her name and this came up on YT. Never posted here, but this seemed to be interesting…if real.
She seems to be having a mental breakdown dealing with the triage type approach to patient care in her hospital. Since families are unable to stay with their loved ones, there does not seem to be anyone advocating for the patients. In her eyes, this is murder…harsh term, but it definitely seems to be at the malpractice level. If this is legit, she’s putting a big target on her back by sounding the alarm in such a public manner.
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h/t FalconsFan71


investmentwatchblog--2020-05-05--Apple is selling just wheels for Mac Pro at $700

I thought it was a joke .
Indeed they ’ re on the apple site for 700 .
Save money @ @ @ @ @ at harbor freight

I thought it was a joke. Indeed they’re on the apple site for 700. Save money, buy a mini dolly at harbor freight
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h/t Conspirologist


investmentwatchblog--2020-05-05--This is extremely dangerous to our democracy

This virus is the perfect opportunity for the globalists to take our rights and freedom away .
Stay home ; @ @ @ @ @ work ; don ’ t get paid ; starve to death .

by sergiomack
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This virus is the perfect opportunity for the globalists to take our rights and freedom away. Stay home; don’t go to work; don’t get paid; starve to death.


investmentwatchblog--2020-05-05--Gordon Chang: China has been underreporting coronavirus cases and deaths

A new report from American intelligence claims that China has been lying about coronavirus from the start , so where @ @ @ @ @ in their fight against the pandemic ?
Asia expert and contributor for the “ Daily @ @ @ @ @ in .

A new report from American intelligence claims that China has been lying about coronavirus from the start, so where does that leave U.S. officials in their fight against the pandemic? Asia expert and contributor for the “Daily Beast” Gordon Chang weighs in.
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