investmentwatchblog--2020-06-20--Attorney General Bill Barr Removes SDNY Attorney Geoffrey Berman – UPDATE: Berman Refuses to Leave…

Officially it ’ s being called a “ resignation ” according to the Associated Press .
However , all the right Lawfare “ beach friends ” are going bananas as the U.S. Attorney for the Southern District of New York , Geoffrey Berman , is being replaced .
[ DOJ Announcement Here ] According to the DOJ release Berman is being replaced by the nomination of Jay Clayton , currently the Chairman of the Securities and Exchange Commission .
Additionally , “ Craig Carpenito , currently the United States Attorney for the District of New Jersey , will serve as @ @ @ @ @ @ @ Southern District of New York , while the Senate is considering Jay Clayton ’ s nomination.
” Well , there we have it .
That explains things ; Jeffrey Berman is a member of the Lawfare resistance , a “ beach friend ” per se… It ’ s worth keeping in mind that Berman ’ s office was the lead in several high profile cases assembled by Robert Mueller .
Additionally , AG Barr brought in five+ outside U.S. attorney ’ s to review all of the Mueller cases as an outcome of @ @ @ @ @ @ @ sequestration review of any/all evidence that might have been used as an outcome of the fraudulently obtained Carter Page FISA warrant .
As CTH noted at the time… .
“ If you consider that several DOJ offices may be involved with the material under review , including the Southern District of New York ; The Eastern District of New York ; The Eastern District of Virginia ; The Washington DC District , and even Main Justice itself ; it makes sense that outside DOJ personnel would be needed for this review.
” There @ @ @ @ @ @ @ connected to the sequestration review , but with USAO John Durham looking deeply into the background of DOJ and FBI activity surrounding the effort to target candidate Trump , and later President Trump , there could be a possibility that several lanes are merging .
Obviously , AG Barr feels very confident to make the moves and subsequent recommendations to President Trump for replacements .
All of the exit moves and incoming replacements are coming to a head at the same time ; early July .
The current SDNY move is effective July @ @ @ @ @ @ @ that FBI chief legal counsel Dana Boente is leaving his position .
Both Boente ( FBI ) and Jeffrey Berman ( DOJ-SDNY ) appear to be resigning by Bill Barr ’ s request ; essentially being told to leave .
Other activity this week that may hold deeper connection : ♦On Monday House Judiciary Committee Chairman Jerry Nadler announced that two former Special Counsel Robert Mueller attorneys , John W. Elias and Aaron S.J .
Zelinsky would be designated as “ whistleblowers ” to give testimony against AG Bill Barr .
( LINK @ @ @ @ @ @ @ DOJ advisor to Jeff Sessions , Jody Hunt , announced his intent to leave the justice dept effective “ early July ” .
( LINK ) Mr. Hunt was Jeff Session ’ s chief-of-staff , and one of the key advisors responsible for the decision to recuse from the Mueller probe .
( LINK ) ♦On Wednesday the DOJ announced that Solicitor General Noel Francisco will be departing : “ Solicitor General of the United States Noel Francisco announces his departure from the Department of Justice , effective as of July 3 , @ @ @ @ @ @ @ on Friday Geoffrey Berman is removed and replaced at the SDNY office ; and his exit is also timed for July 3rd .
( LINK ) In addition to an identical exit time , one thing all of these departures have in common , including FBI legal counsel Dana Boente ’ s exit , is their connection to former AG Jeff Sessions ( appointments ) and DAG Rod Rosenstein ( oversight ) ; and ultimately each of these individuals is connected to the larger Robert Mueller special counsel activity .
Their previous work @ @ @ @ @ @ @ soft-coup insurance phase ; which specifically involved the use of the special counsel appointment ; in conjunction with the ongoing –and expanded– internal investigation by John Durham ; which now includes seven or eight outside U.S. attorneys offices ; just seems too coincidental .
The media are framing the use of outside attorneys as Bill Barr working on behalf of President Trump to undermine current and former prosecutions .
However , understanding the January FISC order requiring the sequestration effort , the use of outsiders is absolutely necessary .
This is a big @ @ @ @ @ @ @ in his back pocket until after Nadler launches his impeachment attack .
The same U.S .
Attorneys , prosecutors and FBI agents who used evidence gathered from the fraudulent FISA warrants can not be the same attorneys , agents and prosecutors making decisions about what parts of the warrants were used to gather evidence and how each part of any case was assembled by the use therein .
It is a simple matter of a conflict of interest carried by any prosecutor that used corrupt evidence .
The Robert Mueller team of FBI @ @ @ @ @ @ @ the fraudulently obtained FISA warrants as part of their investigative evidence collection .
Common sense would tell us this had to be the case or the FBI and Mueller team would not have requested July 2017 renewal of the FISA warrant two months after the special counsel team was assembled .
If the FBI & Special Counsel were not using the FISA warrant ( s ) to capture information , they would not have needed them renewed .
Despite media spin to the contrary , the simple truth of renewals holding investigative value @ @ @ @ @ @ @ ie .
common sense ) .
Under this rather extensive effort to find exactly which investigations -over the course of three years- were touched directly , or indirectly , by the four FISA warrants ; and/or which investigative paths may have been influenced downstream or enhanced -by varying degrees of importance- by evidence stemming from the FISA warrants ; a reasonable person could see how AG Bill Barr would need to put a team together to retrace the investigative steps and make the sequestration determinations .
Overlay USAO John Durham doing a deeper @ @ @ @ @ @ @ edges of the underlying warrant , and , well , that ’ s quite a lot of review ongoing .
Obviously , for reasons of biased intent , corporate left-wing media would like to ignore why outside prosecutors are needed under this framework .
The media ignore in part because honest reporting would require an admission the FISA warrants were fraudulently obtained ; and in part because the left-wing media have never informed the public of the DOJ/FBI sequestration effort in the first place .
Likely well more than half the country has @ @ @ @ @ @ @ been told to go find the material .
There have been numerous articles , thousands of words , and endless hours of pundit protestations about Bill Barr using outside DC lawyers to review all of the previous DOJ attorney activities ; yet not a single time have they ever acknowledged the originating order from the FISA court requiring the DOJ/FBI to conduct the review .

Officially it’s being called a “resignation” according to the Associated Press. However, all the right Lawfare “beach friends” are going bananas as the U.S. Attorney for the Southern District of New York, Geoffrey Berman, is being replaced. [DOJ Announcement Here]
According to the DOJ release Berman is being replaced by the nomination of Jay Clayton, currently the Chairman of the Securities and Exchange Commission. Additionally, “Craig Carpenito, currently the United States Attorney for the District of New Jersey, will serve as the Acting United States Attorney for the Southern District of New York, while the Senate is considering Jay Clayton’s nomination.”
(Via AP) […] Geoffrey S. Berman is stepping down as the U.S. attorney for the Southern District of New York, Attorney General William Barr said in a statement. The office is one of the nation’s premiere districts, trying major mob cases and terror cases over the years. It was unclear why Berman was leaving his position after serving more than two years. The announcement was made late Friday and came after Barr visited New York City to meet with local police officials. And Trump is nominating the chairman of the Securities and Exchange Commission to the job, a lawyer with virutally no experience as a federal prosecutor. (link)
UPDATE: USAO Geoffrey Berman is refusing to leave:
Well, there we have it. That explains things; Jeffrey Berman is a member of the Lawfare resistance, a “beach friend” per se…
It’s worth keeping in mind that Berman’s office was the lead in several high profile cases assembled by Robert Mueller. Additionally, AG Barr brought in five+ outside U.S. attorney’s to review all of the Mueller cases as an outcome of the FISA court order to conduct a sequestration review of any/all evidence that might have been used as an outcome of the fraudulently obtained Carter Page FISA warrant.
As CTH noted at the time…. “If you consider that several DOJ offices may be involved with the material under review, including the Southern District of New York; The Eastern District of New York; The Eastern District of Virginia; The Washington DC District, and even Main Justice itself; it makes sense that outside DOJ personnel would be needed for this review.”
There’s no evidence the moves are connected to the sequestration review, but with USAO John Durham looking deeply into the background of DOJ and FBI activity surrounding the effort to target candidate Trump, and later President Trump, there could be a possibility that several lanes are merging. Obviously, AG Barr feels very confident to make the moves and subsequent recommendations to President Trump for replacements.
All of the exit moves and incoming replacements are coming to a head at the same time; early July. The current SDNY move is effective July 3rd, which is the same time that FBI chief legal counsel Dana Boente is leaving his position. Both Boente (FBI) and Jeffrey Berman (DOJ-SDNY) appear to be resigning by Bill Barr’s request; essentially being told to leave.
Other activity this week that may hold deeper connection:
♦On Monday House Judiciary Committee Chairman Jerry Nadler announced that two former Special Counsel Robert Mueller attorneys, John W. Elias and Aaron S.J. Zelinsky would be designated as “whistleblowers” to give testimony against AG Bill Barr. (LINK)
♦On Tuesday, the last remaining DOJ advisor to Jeff Sessions, Jody Hunt, announced his intent to leave the justice dept effective “early July”. (LINK) Mr. Hunt was Jeff Session’s chief-of-staff, and one of the key advisors responsible for the decision to recuse from the Mueller probe. (LINK)
♦On Wednesday the DOJ announced that Solicitor General Noel Francisco will be departing: “Solicitor General of the United States Noel Francisco announces his departure from the Department of Justice, effective as of July 3, 2020.” (LINK)
♦And now on Friday Geoffrey Berman is removed and replaced at the SDNY office; and his exit is also timed for July 3rd. (LINK)
In addition to an identical exit time, one thing all of these departures have in common, including FBI legal counsel Dana Boente’s exit, is their connection to former AG Jeff Sessions (appointments) and DAG Rod Rosenstein (oversight); and ultimately each of these individuals is connected to the larger Robert Mueller special counsel activity.
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Their previous work in the DOJ and FBI during the soft-coup insurance phase; which specifically involved the use of the special counsel appointment; in conjunction with the ongoing –and expanded– internal investigation by John Durham; which now includes seven or eight outside U.S. attorneys offices; just seems too coincidental.
The media are framing the use of outside attorneys as Bill Barr working on behalf of President Trump to undermine current and former prosecutions. However, understanding the January FISC order requiring the sequestration effort, the use of outsiders is absolutely necessary. This is a big shield that AG Barr is likely keeping in his back pocket until after Nadler launches his impeachment attack.
The same U.S. Attorneys, prosecutors and FBI agents who used evidence gathered from the fraudulent FISA warrants cannot be the same attorneys, agents and prosecutors making decisions about what parts of the warrants were used to gather evidence and how each part of any case was assembled by the use therein. It is a simple matter of a conflict of interest carried by any prosecutor that used corrupt evidence.
The Robert Mueller team of FBI investigators and special counsel prosecutors certainly used the fraudulently obtained FISA warrants as part of their investigative evidence collection. Common sense would tell us this had to be the case or the FBI and Mueller team would not have requested July 2017 renewal of the FISA warrant two months after the special counsel team was assembled.
If the FBI & Special Counsel were not using the FISA warrant(s) to capture information, they would not have needed them renewed. Despite media spin to the contrary, the simple truth of renewals holding investigative value is evident in the renewal itself (ie. common sense).
Under this rather extensive effort to find exactly which investigations -over the course of three years- were touched directly, or indirectly, by the four FISA warrants; and/or which investigative paths may have been influenced downstream or enhanced -by varying degrees of importance- by evidence stemming from the FISA warrants; a reasonable person could see how AG Bill Barr would need to put a team together to retrace the investigative steps and make the sequestration determinations.
Overlay USAO John Durham doing a deeper and more lengthy investigation that touches the edges of the underlying warrant, and, well, that’s quite a lot of review ongoing.
Obviously, for reasons of biased intent, corporate left-wing media would like to ignore why outside prosecutors are needed under this framework. The media ignore in part because honest reporting would require an admission the FISA warrants were fraudulently obtained; and in part because the left-wing media have never informed the public of the DOJ/FBI sequestration effort in the first place. Likely well more than half the country has no idea the DOJ and FBI have been told to go find the material.
There have been numerous articles, thousands of words, and endless hours of pundit protestations about Bill Barr using outside DC lawyers to review all of the previous DOJ attorney activities; yet not a single time have they ever acknowledged the originating order from the FISA court requiring the DOJ/FBI to conduct the review.
Imagine that?
(Washington Post Link) […] Shortly after the McCabe announcement on Friday, officials said that Barr had assigned Jeff Jensen, the U.S. attorney in St. Louis, to review and “assist” prosecutors currently handling the case of Trump’s former national security adviser Michael Flynn, who is still awaiting sentencing after having pleaded guilty to lying to the FBI during its investigation of Russian interference in the 2016 election.
The Jensen appointment marks the latest iteration of an unusual trend inside the Justice Department of tasking outside U.S. attorneys with reviewing, managing, or reinvestigating work that would otherwise not be in their portfolio. Much of the effort seems aimed at re-examining the work of special counsel Robert S. Mueller III, whose probe of possible coordination between Russia and the Trump campaign infuriated the president, or at targeting the president’s foes. (read more) Like I said, the Washington Post (above) and the New York Times (LINK) have both written pearl-clutching articles about Barr using DOJ “outsiders”; yet never once have they noted the FISA Court order that preceded all of these outside USAO’s entering the picture and receiving instructions from Bill Barr. In order for media ideologues to continue advancing their political narrative they have to pretend not to know things… …But Truth Has No Agenda!


investmentwatchblog--2020-06-20--Harvard Prof Apologizes After Suggesting Biden Should Pick VP Based on Accomplishments.

The professor in question is Laurence Tribe and if you ’ ve ever looked at his Twitter feed , you know how far left he is .
He made a big mistake with his fellow progressives here .
Harvard prof apologizes for saying Biden VP pick should center on their ‘ results ’ Harvard Law School professor Laurence Tribe faced backlash and has apologized for his comments about presumptive Democratic presidential nominee Joe Biden ’ s running mate choice , saying that when Biden picks his running mate , he should do it based on each contender ’ s qualifications @ @ @ @ @ @ @ Tribe was among the signers of a letter addressed to Biden , urging the vice president to choose Sen. Elizabeth Warren ( D-Mass . )
as his running mate .
While America currently faces “ lawless authoritarianism , ” Warren would help rid the country of “ the two twin pathogens of Trump and Trumpism.
” “ Imagine her on stage debunking Mike Pence or needling ‘ President Tweety ’ , ” the letter stated .
Tribe said in an interview with the Washington Post that it would be “ symbolic ” to @ @ @ @ @ @ @ However , he added , “ I think African Americans above all would be the first to say they are more interested in results than cosmetics .
”

The professor in question is Laurence Tribe and if you’ve ever looked at his Twitter feed, you know how far left he is. He made a big mistake with his fellow progressives here.
Campus Reform reports:
Harvard prof apologizes for saying Biden VP pick should center on their ‘results’
Harvard Law School professor Laurence Tribe faced backlash and has apologized for his comments about presumptive Democratic presidential nominee Joe Biden’s running mate choice, saying that when Biden picks his running mate, he should do it based on each contender’s qualifications and reputation, not skin color.
Tribe was among the signers of a letter addressed to Biden, urging the vice president to choose Sen. Elizabeth Warren (D-Mass.) as his running mate. While America currently faces “lawless authoritarianism,” Warren would help rid the country of “the two twin pathogens of Trump and Trumpism.”
“Imagine her on stage debunking Mike Pence or needling ‘President Tweety’,” the letter stated.
Tribe said in an interview with the Washington Post that it would be “symbolic” to choose an African American running mate. However, he added, “I think African Americans above all would be the first to say they are more interested in results than cosmetics.”


investmentwatchblog--2020-06-20--If This Speech Doesn’t Make that Tuning Fork in Your Loins Ring I Don’t Know What Will!

A must watch .
Americans need to defend our streets and cities now .
If this speech doesn ’ t @ @ @ @ @ your loins ring I don ’ t know what will !
It ’ s not @ @ @ @ @ , it ’ s about being a responsible adult and doing what ’ s right @

A must watch. Americans need to defend our streets and cities now.
If this speech doesn’t make that tuning fork in your loins ring I don’t know what will!
“I’m easy to find!”
It’s not about race or inequality folks, it’s about being a responsible adult and doing what’s right!
pic.twitter.com/HUxsWJiMPA
— WorkingManDontKneel (@bradgoeslow) June 19, 2020


investmentwatchblog--2020-06-20--Spineless Republican Party let Democrats Walk all over this Country – Tucker

Yeah , and it ’ s not secret that we have several RINO ’ S in the republican party who @ @ @ @ @ The freaking globalists have their dirty tentacles in every aspect of our government and nation @ @ @ @ @ normal regular POTUS .
He ’ s up against the RINO ’ S , the @ @ @ @ @ , and the fake news .
So don ’ t get too jumpy or happy @ @ @ @ @ to open the eyes of most idiots is to let them see what the dirty @ @ @ @ @ I never realized we had so many dirty politicians in this nation , and worse @ @ @ @ @

Yeah, and it’s not secret that we have several RINO’S in the republican party who need to be replaced.
The freaking globalists have their dirty tentacles in every aspect of our government and nation.
Trump is not a normal regular POTUS. He’s up against the RINO’S, the dirty democrats, the DOJ, and the fake news.
So don’t get too jumpy or happy yet.
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Trump will end it.
The only way to open the eyes of most idiots is to let them see what the dirty deep state is doing.
I never realized we had so many dirty politicians in this nation, and worse, many stupid people.
AC


investmentwatchblog--2020-06-20--Chinese company charged with sending defective face masks to the US

( Natural News ) A Chinese manufacturing company has been charged with shipping more than 140,000 defective face masks , marketed as “ KN95 , ” to the U.S. in the middle of the Wuhan coronavirus ( COVID-19 ) pandemic .
According to federal prosecutors , the Hong Kong-based Crawford Technology Group sold masks to a U.S. distributor claiming that they met the KN95 standard — China ’ s equivalent of the N95 standard .
However , subsequent testing showed that the face masks only filtered less than 50 percent of small particles during testing — well below the 95 @ @ @ @ @ @ @ KN95 masks .
“ It is not enough that this pandemic has upended lives around the world and caused countless suffering and hundreds of thousands of deaths , ” said Jason Molina , a special agent with Homeland Security Investigations .
“ In the midst of that , we have companies like this that exploited this tragedy for financial gain and in the process put millions of lives at risk.
” Crawford had sold about $ 150,000 worth of the defective masks to a New Jersey electronics distributor around April .
According to @ @ @ @ @ @ @ claimed that they complied with established standards in China and the European Union .
In addition , Crawford ’ s website stated that the masks have “ four layers of protection ” and that they passed recent Chinese standards for respirators .
The substandard nature of the imported masks was discovered when Customs and Border Protection held them for inspection when they arrived at John F. Kennedy International Airport on May 6 .
Testing conducted on 19 of the masks by the National Institute for Occupational Safety ( NIOSH ) found that they @ @ @ @ @ @ @ of small particles .
Crawford now faces charges of making false claims about their face masks ’ filtration standards in violation of the Food , Drug , and Cosmetic Act , which carries a maximum fine of $ 200,000 .
Substandard masks have been caught before The Crawford case is just the latest example of Chinese companies taking advantage of the shortage of medical equipment due to the ongoing pandemic .
In May , the Food and Drug Administration ( FDA ) revoked the approval for more than 60 Chinese companies to import @ @ @ @ @ @ @ .
Testing conducted by NIOSH found that , much like those produced by Crawford , the masks produced by these companies failed to pass filtration standards .
Part of the reason these masks made it into the U.S. was that the FDA authorized the import of Chinese-made masks that hadn ’ t been tested to overcome shortages in early April .
This decision was made on the condition that the face masks would be tested by independent labs .
Since then , millions of masks have made it into the country .
How @ @ @ @ @ @ @ ?
Crawford ’ s substandard face masks , alongside previous cases of substandard masks from other Chinese companies , raises questions of just how many of these substandard masks have made it into the U.S. and been used by healthcare workers , exposing them to harm .
According to data from the Centers for Disease Control and Prevention , more than 80,000 healthcare workers have been infected by the coronavirus and over 400 have died .
The CDC also acknowledges that their tally is an undercount and some reports have put the number @ @ @ @ @ @ @ Related : CDC claims coronavirus killed nearly 400 American healthcare workers . )
An incident in Missouri where thousands of Chinese masks distributed to healthcare workers were recalled for not meeting standards shows that defective masks did make it into general use .
With this in mind , it stands to reason that some of the blame for why some healthcare workers caught the coronavirus falls on these defective Chinese masks .
It also implies that the FDA ’ s decision to allow untested Chinese masks to enter the country may have put @ @ @ @ @ @ @ infection .

by: Franz Walker
(Natural News) A Chinese manufacturing company has been charged with shipping more than 140,000 defective face masks, marketed as “KN95,” to the U.S. in the middle of the Wuhan coronavirus (COVID-19) pandemic.
According to federal prosecutors, the Hong Kong-based Crawford Technology Group sold masks to a U.S. distributor claiming that they met the KN95 standard — China’s equivalent of the N95 standard. However, subsequent testing showed that the face masks only filtered less than 50 percent of small particles during testing — well below the 95 percent filtration requirement for both N95 and KN95 masks.
“It is not enough that this pandemic has upended lives around the world and caused countless suffering and hundreds of thousands of deaths,” said Jason Molina, a special agent with Homeland Security Investigations. “In the midst of that, we have companies like this that exploited this tragedy for financial gain and in the process put millions of lives at risk.”
Chinese face masks supposedly complied with standards — they didn’t
Crawford had sold about $150,000 worth of the defective masks to a New Jersey electronics distributor around April. According to prosecutors, the packaging of the masks claimed that they complied with established standards in China and the European Union. In addition, Crawford’s website stated that the masks have “four layers of protection” and that they passed recent Chinese standards for respirators.
The substandard nature of the imported masks was discovered when Customs and Border Protection held them for inspection when they arrived at John F. Kennedy International Airport on May 6. Testing conducted on 19 of the masks by the National Institute for Occupational Safety (NIOSH) found that they only filtered out 14.6 to 44.2 percent of small particles.
Crawford now faces charges of making false claims about their face masks’ filtration standards in violation of the Food, Drug, and Cosmetic Act, which carries a maximum fine of $200,000.
Substandard masks have been caught before
The Crawford case is just the latest example of Chinese companies taking advantage of the shortage of medical equipment due to the ongoing pandemic.
In May, the Food and Drug Administration (FDA) revoked the approval for more than 60 Chinese companies to import KN95 face masks to the United States. Testing conducted by NIOSH found that, much like those produced by Crawford, the masks produced by these companies failed to pass filtration standards.
Part of the reason these masks made it into the U.S. was that the FDA authorized the import of Chinese-made masks that hadn’t been tested to overcome shortages in early April. This decision was made on the condition that the face masks would be tested by independent labs.
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Since then, millions of masks have made it into the country.
How much damage did these substandard masks do?
Crawford’s substandard face masks, alongside previous cases of substandard masks from other Chinese companies, raises questions of just how many of these substandard masks have made it into the U.S. and been used by healthcare workers, exposing them to harm.
According to data from the Centers for Disease Control and Prevention, more than 80,000 healthcare workers have been infected by the coronavirus and over 400 have died. The CDC also acknowledges that their tally is an undercount and some reports have put the number of deaths at around 600. (Related: CDC claims coronavirus killed nearly 400 American healthcare workers.)
An incident in Missouri where thousands of Chinese masks distributed to healthcare workers were recalled for not meeting standards shows that defective masks did make it into general use. With this in mind, it stands to reason that some of the blame for why some healthcare workers caught the coronavirus falls on these defective Chinese masks. It also implies that the FDA’s decision to allow untested Chinese masks to enter the country may have put American healthcare workers at higher risk of infection.
Sources include:
TheEpochTimes.com 1
NYPost.com
TheEpochTimes.com 2
CDC.gov
TheGuardian.com


investmentwatchblog--2020-06-20--Looting and arson have turned some black neighborhoods into food deserts

( Natural News ) Some of the poorest urban areas of the country have been especially hard hit by the rioting and looting that have been taking place lately – supposedly in the name of protesting against racism – and now the very people who movements like Black Lives Matter claim to care about so much are left without a way to feed themselves in some cases .
In a video taken in an undisclosed location , a woman can be seen walking through a neighborhood grocery store left in tatters seeking milk for her kids .
She said , @ @ @ @ @ @ @ ” in her area , with empty shelves and debris strewn all over the floor .
“ I came into this store to buy something because I ’ m not a thief .
People who already couldn ’ t feed their kids , now they really can ’ t feed their kids.
” As she looked at the damage , she said , “ This is what we ’ re fighting for… we ’ re so black and proud that we ain ’ t never going to be honest and be real about @ @ @ @ @ @ @ Writing for PJ Media , journalist Megan Fox said that the neighborhoods in the areas outside of Chicago where she grew up are “ devastated.
” She wrote that a friend who lives on the South Side of Chicago has to drive into Indiana just to get groceries because every store even remotely close to her has been destroyed .
Of course , many people aren ’ t lucky enough to have a car , so poor people are being especially hard hit .
Talking about the South Side food desert , resident @ @ @ @ @ @ @ It ’ s not what you do .
It ’ s how you do it .
What did we accomplish , aside from take our property value down and embarrass ourselves ?
” One area activist , William Calloway , pointed out that the situation could only get worse if there isn ’ t a solution soon .
He said : “ If you have people that are hungry , that are quite angry already , that could escalate to something more disastrous.
” Several Minneapolis neighborhoods are also becoming food deserts after @ @ @ @ @ @ @ the Longfellow area , many small markets , along with a Target , Cub and two Aldi locations , were all damaged by rioting , leaving people with nowhere to buy groceries , essentials like diapers , or household goods .
Not everyone has a car or cab fare , and many people no longer have a place to buy affordable food within walking distance .
The same is true of other types of businesses .
In the six-mile Lake Street commercial corridor in South Minneapolis , there are no longer pharmacies or @ @ @ @ @ @ @ communities became food deserts overnight as businesses were burned and looted .
Low-income families in the area are also hurting from the loss of check-cashing businesses .
Without police , it will only get worse If you don ’ t support Black Lives Matters , people consider you a racist .
Yet where has this group and its tactics – and those who have run in the door they opened , like antifa – left many black families ?
Why should anyone support the groups responsible for hurting black Americans , taking food @ @ @ @ @ @ @ with no way to feed their families ?
And if we get rid of the police , it ’ s scary to think about what comes next when you have neighborhoods full of angry , hungry people with no money , no hope and no one to hold them accountable for their actions .
Is this really the America that all the “ woke ” people want to live in ?

by: Isabelle Z.
(Natural News) Some of the poorest urban areas of the country have been especially hard hit by the rioting and looting that have been taking place lately – supposedly in the name of protesting against racism – and now the very people who movements like Black Lives Matter claim to care about so much are left without a way to feed themselves in some cases.
In a video taken in an undisclosed location, a woman can be seen walking through a neighborhood grocery store left in tatters seeking milk for her kids. She said, “Every grocery store looks like this” in her area, with empty shelves and debris strewn all over the floor.
“I came into this store to buy something because I’m not a thief. People who already couldn’t feed their kids, now they really can’t feed their kids.”
As she looked at the damage, she said, “This is what we’re fighting for… we’re so black and proud that we ain’t never going to be honest and be real about what’s really going on.”
Chicago and Minneapolis neighborhoods becoming food deserts
Writing for PJ Media, journalist Megan Fox said that the neighborhoods in the areas outside of Chicago where she grew up are “devastated.” She wrote that a friend who lives on the South Side of Chicago has to drive into Indiana just to get groceries because every store even remotely close to her has been destroyed. Of course, many people aren’t lucky enough to have a car, so poor people are being especially hard hit.
Talking about the South Side food desert, resident William Wright told CBS 2: “It’s not what you do. It’s how you do it. What did we accomplish, aside from take our property value down and embarrass ourselves?”
One area activist, William Calloway, pointed out that the situation could only get worse if there isn’t a solution soon. He said: “If you have people that are hungry, that are quite angry already, that could escalate to something more disastrous.”
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Several Minneapolis neighborhoods are also becoming food deserts after looting closed several stores there. In the Longfellow area, many small markets, along with a Target, Cub and two Aldi locations, were all damaged by rioting, leaving people with nowhere to buy groceries, essentials like diapers, or household goods. Not everyone has a car or cab fare, and many people no longer have a place to buy affordable food within walking distance.
The same is true of other types of businesses. In the six-mile Lake Street commercial corridor in South Minneapolis, there are no longer pharmacies or gas stations, and locals say their communities became food deserts overnight as businesses were burned and looted. Low-income families in the area are also hurting from the loss of check-cashing businesses.
Without police, it will only get worse
If you don’t support Black Lives Matters, people consider you a racist. Yet where has this group and its tactics – and those who have run in the door they opened, like antifa – left many black families? Why should anyone support the groups responsible for hurting black Americans, taking food off their store shelves and leaving them with no way to feed their families?
And if we get rid of the police, it’s scary to think about what comes next when you have neighborhoods full of angry, hungry people with no money, no hope and no one to hold them accountable for their actions. Is this really the America that all the “woke” people want to live in?
Sources for this article include:
TruePundit.com
StarTribune.com


investmentwatchblog--2020-06-20--Russia To Use Facial Recognition System Named ORWELL to Monitor 43,000 Schools

Tens of thousands of Russian schools will soon use a facial recognition technology called ‘ Orwell ’ to monitor children @ @ @ @ @ .
According to a report from the Russian business newspaper , Vedomosti , the systems @ @ @ @ @ schools across the country and are currently already being used in 1,600 .

Tens of thousands of Russian schools will soon use a facial recognition technology called ‘Orwell’ to monitor children and teachers during school hours.
According to a report from the Russian business newspaper, Vedomosti, the systems will be introduced to 43,000 schools across the country and are currently already being used in 1,600.
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Learn More:
www.dailymail.co.uk/sciencetech/article-8433065/Russia-use-facial-recognition-named-Orwell-monitor-children-43-000-schools.html?ito=social-twitter_mailonline&ito=social-twitter_mailonline&ito=social-twitter_mailonline&__twitter_impression=true


investmentwatchblog--2020-06-20--Banks About To Get Fried? Possible If This Gives Way!

Are banks about to get fried ?
Sure could if current support fails to hold !
This chart looks at @ @ @ @ @ from Marketsmith.com on a weekly basis over the past 7-years .
XLF has remained inside @ @ @ @ @ 1 ) for the past 5-years .
Weakness took it below the bottom of the @ @ @ @ @ .
The rally over the past 90-days saw XLF kiss the underside of the rising @ @ @ @ @ , where it created a bearish reversal pattern .
Since the March lows , XLF @ @ @ @ @ rising wedge , with the bottom of the wedge being tested as support this week @ @ @ @ @

by Kimble Charting
Are banks about to get fried? Sure could if current support fails to hold!
This chart looks at Financial ETF (XLF) from Marketsmith.com on a weekly basis over the past 7-years.
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XLF has remained inside of bullish rising channel (1) for the past 5-years. Weakness took it below the bottom of the channel during the February/March declines.
The rally over the past 90-days saw XLF kiss the underside of the rising channel at (2), where it created a bearish reversal pattern.
Since the March lows, XLF could be forming a bearish rising wedge, with the bottom of the wedge being tested as support this week at (3).


investmentwatchblog--2020-06-21--Aggregate enterprise value to EBITDA for the S&P 500 has never been higher. Markets are being driven

In contrast with all these underlying issues , equity valuations are at record silly levels .
Aggregate enterprise value to @ @ @ @ @ P 500 has never been higher .
Markets are being driven by an euphoric false @ @ @ @ @ pic.twitter.com/cdDeZFpoe3

In contrast with all these underlying issues, equity valuations are at record silly levels.
Aggregate enterprise value to EBITDA for the S&P 500 has never been higher.
Markets are being driven by an euphoric false narrative of excess liquidity. pic.twitter.com/cdDeZFpoe3
— Otavio (Tavi) Costa (@TaviCosta) June 21, 2020


investmentwatchblog--2020-06-21--ILLINOIS: Chicago Has It’s Most Violent Day In SIXTY Years

‘ We ’ ve never seen anything like it at all , ’ … 18 murders in 24 hours : @ @ @ @ @ in 60 years in Chicago A hardworking father killed just before 1 a.m. A college @ @ @ @ @ a correctional officer , gunned down at 4:25 p.m. after getting into an argument in @ @ @ @ @ roiled by another day of protests and looting in the wake of George Floyd ’ @ @ @ @ @ were killed Sunday , May 31 , making it the single most violent day in @ @ @ @ @ according to the University of Chicago Crime Lab .
The lab ’ s data doesn @ @ @ @ @ than 1961 .
From 7 p.m. Friday , May 29 , through 11 p.m. Sunday @ @ @ @ @ people were killed in the city , with another 85 wounded by gunfire , according @ @ @ @ @ Chicago Sun-Times .

‘We’ve never seen anything like it at all,’ … 18 murders in 24 hours: Inside the most violent day in 60 years in Chicago
A hardworking father killed just before 1 a.m.
A West Side high school student murdered two hours later.
A man killed amid South Side looting at a cellphone store at 12:30 p.m.
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A college freshman who hoped to become a correctional officer, gunned down at 4:25 p.m. after getting into an argument in Englewood.
While Chicago was roiled by another day of protests and looting in the wake of George Floyd’s murder, 18 people were killed Sunday, May 31, making it the single most violent day in Chicago in six decades, according to the University of Chicago Crime Lab. The lab’s data doesn’t go back further than 1961.
From 7 p.m. Friday, May 29, through 11 p.m. Sunday, May 31, 25 people were killed in the city, with another 85 wounded by gunfire, according to data maintained by the Chicago Sun-Times.
chicago.suntimes.com/platform/amp/crime/2020/6/8/21281998/chicago-deadliest-day-violence-murder-history-police-crime?__twitter_impression=true


investmentwatchblog--2020-06-21--CNN Used Photo of a Black Trump Supporter And Said He was BLM

The reporter talking with the man sees his picture on his phone .
He said that it is a big @ @ @ @

“CNN is the absolute worst.”
The reporter talking with the man sees his picture on his phone. He said that it is a big fake news lie.
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CNN is the absolute worst. pic.twitter.com/QZ3PmeQf43 — Ian Miles Cheong (@stillgray) June 20, 2020
h/t SouthSide


investmentwatchblog--2020-06-21--VIDEO: MSNBC Admits Democrats Were Blocking People from Entering the Trump Rally ***UPDATED***

.@MSNBC claims there’s no evidence of protestors blocking access to the Tulsa rally. Except, MSNBC had already breathlessly reported that protestors were blocking access to a rally entrance. But go on with your “no evidence of that” claim. pic.twitter.com/1X7h3HMfph — Tim Murtaugh – Download the Trump 2020 app today! (@TimMurtaugh) June 21, 2020
BLM are blocking the entrance wayst.co/iQYhn28PUj — mindfckastronaut (@mfastronauts) June 21, 2020
Trump supporters respond to BLM protesters blocking in and crowding entrances to Trump rally pic.twitter.com/rqK7FzjXwo — Savanah Hernandez (@sav_says_) June 21, 2020
Black Lives Matter protesters are reportedly blocking some of the gates into the Tulsa Trump rally. Police are moving them back to reopen the entrance. pic.twitter.com/WgUsgKwrsA — Alex Salvi (@alexsalvinews) June 20, 2020
Sure no blocked gates @cnn. @cnn if you think families with children will push through this your sick. America, this is the country @CNN is ok with, think about that. This is the main gate of the rally: pic.twitter.com/wSKwotoajq — Brad Parscale (@parscale) June 21, 2020
h/t dr0id
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investmentwatchblog--2020-06-21--THE FIVE RESPONSIBILITIES OF A FATHER.

THE FIVE RESPONSIBILITIES OF A FATHER.

The Five Responsibilities of Fathers as Prince , Priest , Prophet , Provider and Protector .
A responsibility to lead A responsibility to seek God A responsibility to pray A responsibility to provide for others A responsibility to protect others • Father as Prince : a father ’ s responsibility to lead Men are created to lead .
• Father as Priest and Prophet : a father ’ s responsibility to honor God by Asking and Answering The Big Three .
1 .
Where do I come from ?
2 .
Why am I here ?
3 .
Where am @ @ @ @ @ @ @ Father as Provider and Protector A father ’ s responsibility to provide food , clothing and shelter for others and to protect the innocent , the beautiful and the good from physical , spiritual and moral harm .
These two responsibilities of a father are simple , too , and straightforward , but they are not easy .
It ’ s a privilege to be a parent , a privilege to bring children into the world .
Your responsibility as a father to your children is to love their mother and work toward @ @ @ @ @ @ @ your cherished companion to be honored , not tyrannized .
We all know this is not easy .
Men have fathers ’ responsibilities and women have mothers ’ responsibilities .
We are radically equal and radically different , but children require time and attention .
It is the rare mother who doesn ’ t want to be with her child , at least for the first formative years .
It is a father ’ s responsibility to make this possible and a husband ’ s privilege to work with his wife so she @ @ @ @ @ @ @ others may have privileges .
It ’ s what we do .
Being a responsible husband and father deserves respect .

The Five Responsibilities of Fathers as Prince, Priest, Prophet, Provider and Protector.
A responsibility to lead
A responsibility to seek God
A responsibility to pray
A responsibility to provide for others
A responsibility to protect others
• Father as Prince: a father’s responsibility to lead
Men are created to lead.
• Father as Priest and Prophet: a father’s responsibility to honor God by Asking and Answering The Big Three.
1. Where do I come from?
2. Why am I here?
3. Where am I going when I die?
• Father as Provider and Protector
A father’s responsibility to provide food, clothing and shelter for others and to protect the innocent, the beautiful and the good from physical, spiritual and moral harm.
These two responsibilities of a father are simple, too, and straightforward, but they are not easy.
We are primarily funded by readers. Please subscribe and donate to support us!
It’s a privilege to be a parent, a privilege to bring children into the world. Your responsibility as a father to your children is to love their mother and work toward her good, but she’s your cherished companion to be honored, not tyrannized.
We all know this is not easy.
Men have fathers’ responsibilities and women have mothers’ responsibilities. We are radically equal and radically different, but children require time and attention. It is the rare mother who doesn’t want to be with her child, at least for the first formative years. It is a father’s responsibility to make this possible and a husband’s privilege to work with his wife so she has choices. We have responsibilities so others may have privileges. It’s what we do. Being a responsible husband and father deserves respect.
authenticmasculinity.com/responsibilities-of-a-father/


investmentwatchblog--2020-06-21--Atlanta Police Union and Rep., With Video from Retired Senator Elbert Guillory, Call for Replacement

Atlanta Police Union and Rep., With Video from Retired Senator Elbert Guillory, Call for Replacement of DA Paul Howard

HAPPENING NOW : Atlanta Police Union and Rep. Doug Collins Call for Replacement of DA Paul Howard — With Video from Retired Senator Elbert Guillory The International Brotherhood of Police Officers along with current and retired lawmakers met at the Georgia State Capitol on Father ’ s Day to call for a replacement of conflicted Fulton County District Attorney Paul Howard .
On Sunday several local police officers , the IBPO Atlanta Chapter , Rep. Doug Collins and retired State Senator Elbert Guillory called for DA Paul Howard to be replaced .
“ Law Makers And Law Enforcement Officers Stand @ @ @ @ @ @ @ “ We do not gather today as protesters .
We are not here in a picket line .
Our hearts are heavy for this city .
We are standing and praying with the lawmakers in humility , and thankful to have them stand with us in dignity.
” -IBPO “ Law Enforcement Officers protect and serve , putting our lives on the line every day to save innocent people from criminals , ” said Luke Malskis spokesperson for APD union of police officers .
“ We take our oath of office seriously and @ @ @ @ @ @ @ with us today , ” said Malskis .
Congressman Doug Collins called for the replacement of DA Paul Howard in a press release last week , and today again called upon the Attorney General for the State of Georgia to intervene during this constitutional crisis .
“ Law Enforcement Officers need this action immediately , in order to get back to work.
” State Representative Micah Gravely led other legislators in encouraging the law enforcement officers “ Stay on the job and keep doing what you are doing .
I ’ m honored @ @ @ @ @ @ @ hope you know that all of Georgia is rooting for you.
” State Senator Randy Roberts spoke very clearly as a retired Law Enforcement Officer , “ We need you .
Please don ’ t ever give up on the people of Georgia .
You have our full support and our prayers.
” Retired Senator Elbert Guillory provided a powerful and moving speech in a video attached to this release .
Senator Guillory talked about the danger of brutality and cowardice in Law enforcement .
Senator Guillory called the actions of District Attorney @ @ @ @ @ @ @ rush to placate the blood lust of the mob , this cowardly DA didn ’ t even wait for the State Police to conclude their independent investigation .
Guilty ?
The only guilty party so far is the DA ” .
Senator Guillory stated , “ With Brutality and Cowardice there can be no Justice.
” Retired Senator Guillory Provides Powerful Speech on “ Cowardly ” Actions of DA Paul Howard

HAPPENING NOW: Atlanta Police Union and Rep. Doug Collins Call for Replacement of DA Paul Howard — With Video from Retired Senator Elbert Guillory
The International Brotherhood of Police Officers along with current and retired lawmakers met at the Georgia State Capitol on Father’s Day to call for a replacement of conflicted Fulton County District Attorney Paul Howard.
On Sunday several local police officers, the IBPO Atlanta Chapter, Rep. Doug Collins and retired State Senator Elbert Guillory called for DA Paul Howard to be replaced.
“Law Makers And Law Enforcement Officers Stand Together And Bow Their Heads Together.”
“We do not gather today as protesters. We are not here in a picket line. Our hearts are heavy for this city. We are standing and praying with the lawmakers in humility, and thankful to have them stand with us in dignity.”-IBPO
“Law Enforcement Officers protect and serve, putting our lives on the line every day to save innocent people from criminals,” said Luke Malskis spokesperson for APD union of police officers. “We take our oath of office seriously and appreciate the same from these lawmakers standing with us today,” said Malskis.
Congressman Doug Collins called for the replacement of DA Paul Howard in a press release last week, and today again called upon the Attorney General for the State of Georgia to intervene during this constitutional crisis. “Law Enforcement Officers need this action immediately, in order to get back to work.”
We are primarily funded by readers. Please subscribe and donate to support us!
State Representative Micah Gravely led other legislators in encouraging the law enforcement officers “Stay on the job and keep doing what you are doing. I’m honored to stand with you today. I hope you know that all of Georgia is rooting for you.”
State Senator Randy Roberts spoke very clearly as a retired Law Enforcement Officer, “We need you. Please don’t ever give up on the people of Georgia. You have our full support and our prayers.”
Retired Senator Elbert Guillory provided a powerful and moving speech in a video attached to this release. Senator Guillory talked about the danger of brutality and cowardice in Law enforcement. Senator Guillory called the actions of District Attorney Paul Howard, cowardly “in a rush to placate the blood lust of the mob, this cowardly DA didn’t even wait for the State Police to conclude their independent investigation. Guilty? The only guilty party so far is the DA”. Senator Guillory stated, “With Brutality and Cowardice there can be no Justice.”
www.thegatewaypundit.com/2020/06/happening-now-atlanta-police-union-rep-doug-collins-call-replacement-da-paul-howard-video-retired-senator-elbert-guillory/
Retired Senator Guillory Provides Powerful Speech on “Cowardly” Actions of DA Paul Howard
h/t CrsCrpr


investmentwatchblog--2020-06-21--GEORGIA: “Some White People May Have to Die for Black Communities to Be Made Whole”

“ Some White People May Have to Die for Black Communities to Be Made Whole ” – Far Left UGA Teaching Assistant on Black Lives Matter Movement Irami Osei-Frampong , a University of Georgia graduate student and teaching assistant recently wrote that some white people may have to die before black communities will be made whole .
Osei-Frampong made the comments on Facebook and says he ’ s confused on why his words are so contrersial .
‘ Some white people may have to die ’ : UGA teaching assistant under fire for post ATHENS-CLARKE COUNTY , Ga. — A @ @ @ @ @ @ @ criticism for comments he wrote on Facebook .
He speaks frequently about race and equality , but some critics believe he crossed the line when he made a post online that stated , “ Some white people may have to die for black communities to be made whole.
” Another social media post said : “ Fighting white people is a skill.
” The teaching assistant told Channel 2 ’ s Tony Thomas he ’ s confused by the backlash .
“ I ’ m confused why that is so controversial , ” @ @ @ @ @ @ @ may have to die ’ : UGA teaching assistant under fire for post

“Some White People May Have to Die for Black Communities to Be Made Whole” – Far Left UGA Teaching Assistant on Black Lives Matter Movement
Irami Osei-Frampong, a University of Georgia graduate student and teaching assistant recently wrote that some white people may have to die before black communities will be made whole.
Osei-Frampong made the comments on Facebook and says he’s confused on why his words are so contrersial.
www.thegatewaypundit.com/2020/06/white-people-may-die-black-communities-made-whole-far-left-uga-teaching-assistant-black-lives-matter-movement/
‘Some white people may have to die’: UGA teaching assistant under fire for post
ATHENS-CLARKE COUNTY, Ga. — A University of Georgia graduate student is getting criticism for comments he wrote on Facebook.
He speaks frequently about race and equality, but some critics believe he crossed the line when he made a post online that stated, “Some white people may have to die for black communities to be made whole.”
We are primarily funded by readers. Please subscribe and donate to support us!
Another social media post said: “Fighting white people is a skill.”
The teaching assistant told Channel 2’s Tony Thomas he’s confused by the backlash.
“I’m confused why that is so controversial,” Osei-Frampong said.
www.wsbtv.com/news/local/-some-white-people-may-have-to-die-uga-teaching-assistant-under-fire-for-facebook-post/908340952/
‘Some white people may have to die’: UGA teaching assistant under fire for post
h/t CrsCrpr


investmentwatchblog--2020-06-21--VIDEO: GRAPHIC: Man executed in broad daylight while washing his car in Brooklyn – Bloody weekend co

VIDEO: GRAPHIC: Man executed in broad daylight while washing his car in Brooklyn – Bloody weekend continues in NYC

Man executed in broad daylight while washing his car in Brooklyn
Bloody weekend continues in NYC
pic.twitter.com/zR6ekibmpj
— Breaking911 (@Breaking911) June 21, 2020


investmentwatchblog--2020-06-21--Why a Car Equity Loan Could be Ideal for Your Needs

Whenever an emergency cash need arises , a person looks straight at his assets .
Selling an asset is undoubtedly the bad financial choice to make , but using that asset as collateral for a loan is an excellent financial decision .
You can make the most from your car through a car equity loan when you need immediate cash .
How Does it Work ?
You approach a lender and ask him to use your car as collateral .
Your loan amount is based on the market value of your car .
While you can expect an APR of @ @ @ @ @ @ @ car loan , when you approach a credit union or community bank , it might take a week to get the loan amount .
However , when you apply for this secured loan online , it won ’ t take over two days .
Why a Car Equity Loan is an Ideal Choice ?
Here are some reasons that convince you to borrow some money against your car ’ s market value .
In a situation where you can ’ t wait much , a car equity loan comes to rescue you as @ @ @ @ @ @ @ .
You can expect cash in your account in less than two days when you approach a lender from the digital world .
This loan choice offers you great relief when you have a medical or any other life emergency .
You can tackle your immediate cash needs via it .
No Need to Take a Big Risk When you are facing financial trouble , take into account all the assets you can use to get out of this trouble .
Many people think of home refinancing or home equity loans ; both @ @ @ @ @ @ @ the risk .
If you are unable to keep up with the monthly payment schedule , then it ’ s the point where you lose your home , which is undoubtedly the worst-case scenario in which you never want yourself .
Contrary to this , when you opt for a car equity loan , you put your car at risk .
In case of non-payment , you lose a vehicle , but it ’ s not a significant loss .
Your vehicle is an asset , but its value is less in comparison @ @ @ @ @ @ @ with Bad Credit Getting a loan with bad credit is always a big challenge in one ’ s life .
You can handle this challenge quite well when you approach online lenders who are ready to give loans for people whose credit score is below 630 , and you can expect a car equity loan below 36 percent .
Even many lenders are offering loans to people with a credit score even lower than 630 .
However , it is good to know that this kind of loan includes below 36 percent APR @ @ @ @ @ @ @ is expensive when you encounter both credit score and money trouble , then locking yourself into a deal that can offer you immediate cash doesn ’ t seem like a bad deal .
The best part about a car equity loan is that you don ’ t have to put significant effort into obtaining the loan amount .
Just open an online website that offers you a car equity loan facility , fill the form , provide all documents , and wait for loan approval .
You can access the loan amount within @ @ @ @ @ @ @ is only for educational purposes .
Do not make any investment decisions based on the information in this article .
Do you own due diligence .

Whenever an emergency cash need arises, a person looks straight at his assets. Selling an asset is undoubtedly the bad financial choice to make, but using that asset as collateral for a loan is an excellent financial decision. You can make the most from your car through a car equity loan when you need immediate cash.
How Does it Work?
You approach a lender and ask him to use your car as collateral. Your loan amount is based on the market value of your car. While you can expect an APR of approximately 36 percent with this kind of car loan, when you approach a credit union or community bank, it might take a week to get the loan amount. However, when you apply for this secured loan online, it won’t take over two days.
Why a Car Equity Loan is an Ideal Choice?
Here are some reasons that convince you to borrow some money against your car’s market value.
Immediate Cash Availability
In a situation where you can’t wait much, a car equity loan comes to rescue you as it offers a helping hand in need. You can expect cash in your account in less than two days when you approach a lender from the digital world. This loan choice offers you great relief when you have a medical or any other life emergency. You can tackle your immediate cash needs via it.
No Need to Take a Big Risk
We are primarily funded by readers. Please subscribe and donate to support us!
When you are facing financial trouble, take into account all the assets you can use to get out of this trouble. Many people think of home refinancing or home equity loans; both options put your significant life asset on the risk. If you are unable to keep up with the monthly payment schedule, then it’s the point where you lose your home, which is undoubtedly the worst-case scenario in which you never want yourself.
Contrary to this, when you opt for a car equity loan, you put your car at risk. In case of non-payment, you lose a vehicle, but it’s not a significant loss. Your vehicle is an asset, but its value is less in comparison with a home.
Loan Available Even with Bad Credit
Getting a loan with bad credit is always a big challenge in one’s life. You can handle this challenge quite well when you approach online lenders who are ready to give loans for people whose credit score is below 630, and you can expect a car equity loan below 36 percent. Even many lenders are offering loans to people with a credit score even lower than 630. However, it is good to know that this kind of loan includes below 36 percent APR and additional fees. Although this loan is expensive when you encounter both credit score and money trouble, then locking yourself into a deal that can offer you immediate cash doesn’t seem like a bad deal.
Easy to Apply
The best part about a car equity loan is that you don’t have to put significant effort into obtaining the loan amount. Just open an online website that offers you a car equity loan facility, fill the form, provide all documents, and wait for loan approval. You can access the loan amount within two days.
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.


investmentwatchblog--2020-06-21--The sites we love for truth are under attack.

If what they did to GAB , George Webb , Zero Hedge , The Federalist and others all in the @ @ @ @ @ ’ t convince you of criminal collusion , nuthin ’ will .

If what they did to GAB, George Webb, Zero Hedge, The Federalist and others all in the same 48 hour period doesn’t convince you of criminal collusion, nuthin’ will.
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investmentwatchblog--2020-06-21--McCullough: Why Inflation Can Increase, Despite Falling Demand

Despite what you may have heard from the “ Old Wall , ” there ’ s actually more to inflation @ @ @ @ @ .
Hedgeye CEO Keith McCullough explains in the clip above from The Macro Show why @ @ @ @ @ , despite sky-high U.S. unemployment and falling demand in the economy .
Mr. Keith R. @ @ @ @ @ CEO of Hedgeye Risk Management LLC .
He covers the strategy sector at the firm @ @ @ @ @ firm , Mr. McCullough was a Partner , Portfolio Manager , and Managing Director at @ @ @ @ @ .
Prior to that , he was a Portfolio Manager at Magnetar Capital ; a @ @ @ @ @ Co-Portfolio Manager at Falconhenge Partners , LLC ; and Partner , Executive Vice President and @ @ @ @ @ Capital Management .
Mr. McCullough got his start as an Institutional Equity Sales Analyst at @ @ @ @ @ He is currently co-chair of the NYC Bipartisan Policy Center ; he writes regularly for @ @ @ @ @ the author of the popular book , Diary of a Hedge Fund Manager .

Hedgeye, Released on 6/19/20
Despite what you may have heard from the “Old Wall,” there’s actually more to inflation than simply supply and demand. Hedgeye CEO Keith McCullough explains in the clip above from The Macro Show why he expects inflation to rise, despite sky-high U.S. unemployment and falling demand in the economy.
We are primarily funded by readers. Please subscribe and donate to support us!
Mr. Keith R. McCullough is the Founder and CEO of Hedgeye Risk Management LLC. He covers the strategy sector at the firm. Prior to founding the firm, Mr. McCullough was a Partner, Portfolio Manager, and Managing Director at the Carlyle-Bluewave Partners hedge fund. Prior to that, he was a Portfolio Manager at Magnetar Capital; a Founder, Managing Partner and Co-Portfolio Manager at Falconhenge Partners, LLC; and Partner, Executive Vice President and Portfolio Manager at Dawson Herman Capital Management. Mr. McCullough got his start as an Institutional Equity Sales Analyst at Credit Suisse First Boston. He is currently co-chair of the NYC Bipartisan Policy Center; he writes regularly for Fortune and Forbes and is the author of the popular book, Diary of a Hedge Fund Manager.


investmentwatchblog--2020-06-21--Why recent high will prove to be post-crash market high

My April 1 , 2020 article , “ Markets now at tipping point ; roller coaster ride will be epic !
” , contained the SCPA ’ s forecasts for the events that would occur after the markets of the 13 countries reached their relief rally highs .
Below are the SCPA ’ s forecasts from the article for two events : • Post-crash high before the journey begins to final Q 4 2022 bottom will occur as early as June 24 , 2020 and as late as September 18 , 2020 .
• Post-crash highs to get market to @ @ @ @ @ @ @ Given that the markets for all 13 countries reached their post-crash highs from June 5th to June 8th the probability is high that the first forecast above will prove to be accurate .
The one thing that has been for certain in 2020 is that all 13 of these markets have been acting in concert .
All of these markets : • Made new lows and declined by a minimum of 34 % on March 23 , 2020 : As of June 19 , 2020 ; the markets for 8 of the 13 @ @ @ @ @ @ @ % of their 2020 highs .
My suspicion is that the markets of the five countries which have not climbed to within 17 % of their 2020 highs won ’ t .
While the five have failed to perform as forecasted , they are great additions to my ongoing research of market crashes .
The empirical data from these countries ’ crashes will improve the accuracy for the forecasting of future crashes .
Finally , due to their lack of buoyancy , the markets for the five will probably have the worst percentage @ @ @ @ @ @ @ at their final Q4 of 2022 bottoms .
Based on my ongoing empirical research of the Dow 1929-32 and the NASDAQ 2000-02 market crashes which have the same genealogy as the 13 countries whose markets crashed in 2020 , the forecasts for each of the 13 countries can become specific .
To that end , these 13 countries have been broken up into two groups : • Those whose markets have climbed to within a single-digit percentage below their 2020 highs • Those whose markets have climbed to within a double-digit percentage below @ @ @ @ @ @ @ , Germany and the US comprise the four who are in the single digit group .
Based on my preliminary analysis the markets of the four countries , they will not have declined by 79 % when they reach their final bottoms in Q4 of 2022 .
The percentage decline forecasts for the markets of the US and the other three countries will be made available soon .
The remaining nine countries constitute the second group , all of whom are now members of the SCPA Global Crash Index .
The table below @ @ @ @ @ @ @ climbs to within 2020 highs .

My April 1, 2020 article, “Markets now at tipping point; roller coaster ride will be epic!”, contained the SCPA’s forecasts for the events that would occur after the markets of the 13 countries reached their relief rally highs. Below are the SCPA’s forecasts from the article for two events:
Post-crash high before the journey begins to final Q 4 2022 bottom will occur as early as June 24, 2020 and as late as September 18, 2020.
Post-crash highs to get market to within 17% of 2020 highs.
Given that the markets for all 13 countries reached their post-crash highs from June 5th to June 8th the probability is high that the first forecast above will prove to be accurate. The one thing that has been for certain in 2020 is that all 13 of these markets have been acting in concert. All of these markets:
Commenced their crashes on February 20, 2020
Made new lows and declined by a minimum of 34% on March 23, 2020:
As of June 19, 2020; the markets for 8 of the 13 countries had climbed back to within 17% of their 2020 highs. My suspicion is that the markets of the five countries which have not climbed to within 17% of their 2020 highs won’t. While the five have failed to perform as forecasted, they are great additions to my ongoing research of market crashes.
The empirical data from these countries’ crashes will improve the accuracy for the forecasting of future crashes. Finally, due to their lack of buoyancy, the markets for the five will probably have the worst percentage declines when compared to the other markets at their final Q4 of 2022 bottoms.
Based on my ongoing empirical research of the Dow 1929-32 and the NASDAQ 2000-02 market crashes which have the same genealogy as the 13 countries whose markets crashed in 2020, the forecasts for each of the 13 countries can become specific. To that end, these 13 countries have been broken up into two groups:
Those whose markets have climbed to within a single-digit percentage below their 2020 highs Those whose markets have climbed to within a double-digit percentage below their 2020 highs
Japan, South Korea, Germany and the US comprise the four who are in the single digit group. Based on my preliminary analysis the markets of the four countries, they will not have declined by 79% when they reach their final bottoms in Q4 of 2022. The percentage decline forecasts for the markets of the US and the other three countries will be made available soon.
We are primarily funded by readers. Please subscribe and donate to support us!
The remaining nine countries constitute the second group, all of whom are now members of the SCPA Global Crash Index. The table below contains the countries and their post-crash percentage climbs to within 2020 highs.


investmentwatchblog--2020-06-21--What’s Holding Back A Full Recovery In Oil Demand

• Odds of a V-shaped recovery in oil demand are shrinking .
• Demand for jet fuel will continue to drag on global oil demand for at least another two years .
• Permanent changes in lifestyle and possible reduced commuting in developed economies could structurally reduce demand for oil products .
Since oil demand started crashing amid lockdowns to contain the coronavirus , analysts have been trying to predict when demand will return to the pre-crisis levels , throwing in V , U , or L shaped forecasts .
There is a growing consensus among major international forecasting agencies @ @ @ @ @ @ @ oil demand will take longer than anticipated—probably until 2022 .
Many analysts believe that a V-shaped recovery for total global oil demand is not in the cards .
While oil demand for road transportation is showing signs of recovery–especially in China , which exited lockdowns first–demand for jet fuel will continue to drag on global oil demand for at least another two years .
Permanent changes in lifestyle and possible reduced commuting in developed economies ( with work from home now the norm rather than the exception ) could also weigh on oil @ @ @ @ @ @ @ recession with high unemployment rates and reduced manufacturing activity , which could also stall the recovery in oil demand .
According to the International Energy Agency ( IEA ) , oil demand will take over a year and a half to ( potentially ) return to the levels before the pandemic .
This year , demand is expected to drop by 8.1 million bpd , the biggest-ever decline , the IEA said in its latest Oil Market Report for June .
While the latest estimate is an improvement from the IEA ’ s @ @ @ @ @ @ @ drop ) and May ( 8.6 million bpd slump ) , the first look into 2021 demand is not so encouraging .
Demand is set to recover by 5.7 million bpd next year , according to the IEA .
This means that at 97.4 million bpd , global oil demand in 2021 will still be 2.4 million bpd below the 2019 level .
Most of the 2.4 million bpd gap in demand between 2019 and 2021 would be due to “ the dire situation of the aviation sector , ” the IEA said @ @ @ @ @ @ @ demand will continue to suffer for at least another two years .
The U.S. Energy Information Administration ( EIA ) is more optimistic than the IEA and expects in its June Short-Term Energy Outlook ( STEO ) oil demand this year to drop by 8.3 million bpd from 2019 , but to rebound by 7.2 million bpd in 2021 , leaving just a 1.1-million-bpd gap between the 2019 and 2021 demand levels .
OPEC doesn ’ t have forecasts for 2021 yet , but it left its full-year 2020 global oil demand projection @ @ @ @ @ @ @ bpd this week .
“ Transportation fuels are forecast to remain under pressure in 2H20 , despite ongoing easing in lockdown measures .
Aviation fuel is expected to continue facing challenges , as national and international flights are anticipated to only slowly recover , while teleworking/teleconferencing restricting business travel , ” OPEC said in its latest Monthly Oil Market Report ( MOMR ) .
Both the IEA and the EIA expect the market to start drawing down record global oil inventories in the second half of the year .
But considering the high @ @ @ @ @ @ @ stocks , oil prices are not set for a major rally in the near term even though the immediate supply-demand balance is widely expected to swing into deficit as early as this month .
“ EIA expects high inventory levels and spare crude oil production capacity will limit upward price pressures in the coming months , ” the U.S. administration said as it estimates that global oil inventories at the end of May stood 1.4 billion barrels higher than they were at the end of 2019 .
According to the Paris-based IEA , @ @ @ @ @ @ @ limit the scope for producers in many countries to sell more to refiners.
” The reduction in record-high stocks around the world assumes that global oil demand will continue to recover in the coming months .
Still , the oil market continues to face “ enormous uncertainties ” in both supply and demand , and those uncertainties shouldn ’ t be underestimated , the IEA said in its report .
Uncertainties about oil demand range from a second wave of COVID-19 infections to fewer people commuting to work either because they work from @ @ @ @ @ @ @ Even if gasoline and diesel demand recovers soon , jet fuel demand will still take years to return to pre-crisis levels .
The global recession is set to reduce industrial activities and fuel demand from the industry .
Oil demand recovering to pre-pandemic levels will likely take more than a year and a half .
The recovery will not be V-shaped , but it ’ s so uncertain and could be so bumpy that no letter in the alphabet can describe it .

By Tsvetana Paraskova
Odds of a V-shaped recovery in oil demand are shrinking.
Demand for jet fuel will continue to drag on global oil demand for at least another two years.
Permanent changes in lifestyle and possible reduced commuting in developed economies could structurally reduce demand for oil products.
Since oil demand started crashing amid lockdowns to contain the coronavirus, analysts have been trying to predict when demand will return to the pre-crisis levels, throwing in V, U, or L shaped forecasts. There is a growing consensus among major international forecasting agencies that a ‘return to normal’ oil demand will take longer than anticipated—probably until 2022. Many analysts believe that a V-shaped recovery for total global oil demand is not in the cards.
While oil demand for road transportation is showing signs of recovery–especially in China, which exited lockdowns first–demand for jet fuel will continue to drag on global oil demand for at least another two years. Permanent changes in lifestyle and possible reduced commuting in developed economies (with work from home now the norm rather than the exception) could also weigh on oil demand. Then there’s the recession with high unemployment rates and reduced manufacturing activity, which could also stall the recovery in oil demand.
According to the International Energy Agency (IEA), oil demand will take over a year and a half to (potentially) return to the levels before the pandemic.
This year, demand is expected to drop by 8.1 million bpd, the biggest-ever decline, the IEA said in its latest Oil Market Report for June.
While the latest estimate is an improvement from the IEA’s forecasts from April (9.3 million bpd drop) and May (8.6 million bpd slump), the first look into 2021 demand is not so encouraging.
Demand is set to recover by 5.7 million bpd next year, according to the IEA. This means that at 97.4 million bpd, global oil demand in 2021 will still be 2.4 million bpd below the 2019 level. Most of the 2.4 million bpd gap in demand between 2019 and 2021 would be due to “the dire situation of the aviation sector,” the IEA said.
Various analysts expect that jet fuel demand will continue to suffer for at least another two years.
The U.S. Energy Information Administration (EIA) is more optimistic than the IEA and expects in its June Short-Term Energy Outlook (STEO) oil demand this year to drop by 8.3 million bpd from 2019, but to rebound by 7.2 million bpd in 2021, leaving just a 1.1-million-bpd gap between the 2019 and 2021 demand levels.
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OPEC doesn’t have forecasts for 2021 yet, but it left its full-year 2020 global oil demand projection unchanged at a decline of 9.1 million bpd this week.
“Transportation fuels are forecast to remain under pressure in 2H20, despite ongoing easing in lockdown measures. Aviation fuel is expected to continue facing challenges, as national and international flights are anticipated to only slowly recover, while teleworking/teleconferencing restricting business travel,” OPEC said in its latest Monthly Oil Market Report (MOMR).
Both the IEA and the EIA expect the market to start drawing down record global oil inventories in the second half of the year.
But considering the high inventory levels, with record-high U.S. commercial stocks, oil prices are not set for a major rally in the near term even though the immediate supply-demand balance is widely expected to swing into deficit as early as this month.
“EIA expects high inventory levels and spare crude oil production capacity will limit upward price pressures in the coming months,” the U.S. administration said as it estimates that global oil inventories at the end of May stood 1.4 billion barrels higher than they were at the end of 2019.
According to the Paris-based IEA, “high crude and product stocks will limit the scope for producers in many countries to sell more to refiners.”
The reduction in record-high stocks around the world assumes that global oil demand will continue to recover in the coming months. Still, the oil market continues to face “enormous uncertainties” in both supply and demand, and those uncertainties shouldn’t be underestimated, the IEA said in its report.
Uncertainties about oil demand range from a second wave of COVID-19 infections to fewer people commuting to work either because they work from home or are out of work. Even if gasoline and diesel demand recovers soon, jet fuel demand will still take years to return to pre-crisis levels. The global recession is set to reduce industrial activities and fuel demand from the industry. Oil demand recovering to pre-pandemic levels will likely take more than a year and a half. The recovery will not be V-shaped, but it’s so uncertain and could be so bumpy that no letter in the alphabet can describe it.
By Tsvetana Paraskova for Oilprice.com


investmentwatchblog--2020-06-21--This is how you drink water, like a boss…

The degenerate left claimed President Trump had health issues after drinking water with 2 hands .
Today he drank with @ @ @ @ @ to the side !
🤣

The degenerate left claimed President Trump had health issues after drinking water with 2 hands.
Today he drank with one and tossed the glass to the side! 🤣
GREATEST. PRESIDENT. EVER. pic.twitter.com/0EAGff1Bhb
— DeAnna Lorraine 🇺🇸 (@DeAnna4Congress) June 21, 2020


investmentwatchblog--2020-06-21--Federal Reserve Ready To Buy Corporate Bonds, Thanks To New ‘Super-Power’ From CARES Act

If Americans who understand what drives inflation and the boom-bust cycle in economics didn ’ t have reason to cringe @ @ @ @ @ the Federal Reserve , the newest wrinkle in that century old monstrosity just became clear @ @

If Americans who understand what drives inflation and the boom-bust cycle in economics didn’t have reason to cringe at the monopolistic existence of the Federal Reserve, the newest wrinkle in that century old monstrosity just became clear.
www.mrctv.org/blog/federal-reserve-literally-ready-buy-corporate-bonds-thanks-new-super-power-cares-act
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investmentwatchblog--2020-06-21--Catherine Austin Fitts – We are Watching the Mother of All Debt Entrapments. The Choice is Freedom o

Catherine Austin Fitts – We are Watching the Mother of All Debt Entrapments. The Choice is Freedom or Slavery.

Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts says the Covid-19 crisis is really more of a @ @ @ @ @ says , “ What we are seeing is a reengineering of the global financial system @ @ @ @ @ We saw a lot of smart money get out of the market at the top @ @ @ @ @ Then , we saw a push to use police powers in the healthcare system to @ @ @ @ @ of the independent economy globally .
So , small business and small farms shut down @ @ @ @ @ emerging markets and many small businesses into debt traps .
So , we are watching @ @ @ @ @ entrapments going on globally , and that means we are in for a radical reengineering @ @ @ @ @ we are seeing in the U.S. ” Fitts also says , “ Gold is going @ @ @ @ @ year .
”

Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts says the Covid-19 crisis is really more of a so-called “Plandemic.” Fitts says, “What we are seeing is a reengineering of the global financial system on the just-do-it method. We saw a lot of smart money get out of the market at the top in January and February. Then, we saw a push to use police powers in the healthcare system to shut down a huge part of the independent economy globally. So, small business and small farms shut down across the board throwing the emerging markets and many small businesses into debt traps. So, we are watching the mother of all debt entrapments going on globally, and that means we are in for a radical reengineering. That’s what we are seeing in the U.S.”
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Fitts also says, “Gold is going to have a very good year.”


investmentwatchblog--2020-06-21--California to REMOVE anti discrimination law… so that they CAN pick by race

This should be bigger news… .
but its not

This should be bigger news…. but its not
www.msn.com/en-us/news/opinion/commentary-why-california-should-keep-prop-209-which-prohibits-state-institutions-from-considering-race/ar-BB15gtyz
We are primarily funded by readers. Please subscribe and donate to support us!
www.sfgate.com/education/article/Affirmative-action-ban-revoked-by-UC-regents-2919344.php
h/t mehwah


investmentwatchblog--2020-06-21--VIDEO: Police Open Non-Lethal Fire on Violent Democrats Outside Trump Rally in Tulsa

BREAKING : POLICE OPEN NON LETHAL FIRE ON PROTESTERS OUTSIDE TRUMP RALLY IN TULSA pic.twitter.com/IhurBYYwpI

BREAKING: POLICE OPEN NON LETHAL FIRE ON PROTESTERS OUTSIDE TRUMP RALLY IN TULSA pic.twitter.com/IhurBYYwpI
— Drew Hernandez (@livesmattershow) June 21, 2020


investmentwatchblog--2020-06-22--Latin-America’s Airlines Are Crashing, But There May Be No Bailouts. Aeromexico Denies Filing for US

Latin-America’s Airlines Are Crashing, But There May Be No Bailouts. Aeromexico Denies Filing for US Bankruptcy

The AMLO government , which has refused to bail out shareholders and bondholders of large companies , could be on to something : A form of capitalism where investors , not taxpayers , carry the risks .
Mexico ’ s main airline , Aeromexico , on Friday felt compelled to issue a denial that it “ has not initiated , nor has it made the decision to initiate , a restructuring procedure under Chapter 11 of the Unites States Bankruptcy Code , ” following allegations to that effect in Mexico ’ s most widely read financial daily El Financiero .
@ @ @ @ @ @ @ press release , the company said it is exploring ways to restructure , in an orderly fashion , its short- and medium-term financial commitments .
If the statement was meant to put investors ’ nerves at ease , it didn ’ t quite work that way .
Aeromexico ’ s shares ended the day 4.5 % lower and are now down 60 % year to date .
Investors are spooked for good reason .
In May , the number of passengers on its domestic flights plunged by 89 % from a year ago @ @ @ @ @ @ @ % .
Like all airlines , it desperately needs financial support to navigate the unprecedented turbulence hitting the aviation industry .
And for the moment , it ’ s not getting it .
Like many airlines , Aeromexico was already in trouble before the virus crisis brought air travel to a near-standstill .
In 2019 , its CEO , Javier Arrigunaga , went cap in hand to Mexican President Andres Manuel Lopez Obrador ’ s right hand man , Alfonso Romo , to request a $ 125 million emergency credit line from Mexico @ @ @ @ @ @ @ answer was a resounding no .
According to the article in El Financiero that forced Aeromexico ’ s bankruptcy enial , the airline is currently being advised by U.S. law firm White & Case and Citigroup .
Two of South America ’ s largest airlines , Santiago-based LATAM ( a Chilean-Brazilian airline ) and Colombia ’ s Avianca , have already filed for bankruptcy protection in a New York court .
In May , LATAM became the world ’ s largest airline to date to seek an emergency reorganization due to the coronavirus @ @ @ @ @ @ @ 18 billion in debt .
Latam ’ s filing for Chapter 11 is likely to delay a proposed bailout of the company by Brazil ’ s state development bank as well as push back aid to its domestic rivals .
Avianca was already desperately weak before Covid struck , having emerged from a debt restructuring process in Dec. 2019 .
Like LATAM , Avianca ’ s revenues and earnings were decimated by the near-total collapse of passenger operations in April , as all countries in Latin America sealed their borders and barred all @ @ @ @ @ @ @ American and Caribbean airlines plunged by a staggering 96 % in April , according to the International Air Travel Association ( IATA ) .
With Covid-19 cases rising across the region , which is now considered the epicenter of the global virus crisis , some countries still haven ’ t opened their borders and many travel bans remain in place .
For example , travel between Brazil , which currently has the second highest number of covid-19 cases in the world , and the U.S. , which has the highest , is still @ @ @ @ @ @ @ Mexico , the U.S. and Canada remains restricted .
Prior to COVID-19 , Latin America ’ s airline industry generated $ 167 billion in revenues and supported 7.2 million jobs , according to IATA .
Forecasts now anticipate a drop of at least $ 77 billion in revenues , with more than 3.5 million jobs at risk .
Avianca recently reported that its passenger revenues had slumped 51 % for the year up to early June compared to the same period of 2019 .
Given that included roughly two and a half months @ @ @ @ @ @ @ and mid-March 2020 , the revenue figure shows just how dire second-quarter results are likely to be for Latin America ’ s airlines .
By the end of 2020 , LATAM Airlines expects to be operating at half of pre-pandemic levels , said the group ’ s CEO Roberto Alvo on Thursday , adding that a full recovery was unlikely for at least three to four years .
LATAM ’ s Argentinean subsidiary has already announced it is ceasing all cargo and passenger operations , indefinitely .
The decision , it said , @ @ @ @ @ @ @ conditions , exacerbated by the impact of the Covid-19 pandemic and the difficulty of building structural agreements with local industry actors , which has made it impossible to foresee a viable and sustainable long-term project ” .
It ’ s a common theme throughout the region .
The airlines say they desperately need help from taxpayers to weather the storm .
And in most cases they ’ re not getting it .
“ This is our last chance to survive this crisis , ” said Peter Cerdá , IATA Regional Vice President for @ @ @ @ @ @ @ us and every day that goes by places more agony on an industry that is seeking clarity on timelines to restart operations .
No sector has the liquidity to stay afloat during a four- or five-month standstill.
” In North America and Europe , governments have responded to the turmoil hitting the aviation industry by unleashing billion-dollar aid packages to help keep airlines afloat .
Some central banks have even bought bonds issued by airlines .
It still may not be enough to save the industry .
On June 10 , Delta Airlines @ @ @ @ @ @ @ SkyTeam airline alliance to which Aeromexico belongs , warned in an SEC filing that its revenues in the second quarter , ending June 30 , would collapse by 90 % compared to the second quarter last year .
Ironically , Delta could end up facing billions of dollars in losses as direct a result of its untimely strategic partnership with LATAM , struck just seven months before LATAM ’ s bankruptcy .
Delta can count on government support , at least temporarily , as well as raise funds relatively cheaply on the bond @ @ @ @ @ @ @ , those sorts of luxuries are painfully scarce right now .
As we ’ ve been warning since late March , most economies in Latin America have neither the fiscal firepower nor monetary leeway to bail out corporations in the way that countries in Europe and North America have .
Latin American and Caribbean governments have offered less support to the aviation sector sector than any other region , says Peter Cerdá at IATA .
Even in Mexico , where funds are more readily available , the AMLO government has steadfastly refused to @ @ @ @ @ @ @ and bondholders of large corporations .
And he could be on to something — some sort of wild-eyed experiment , a form of capitalism where investors , not taxpayers , carry the risks .
By Nick Corbishley , for WOLF STREET .

The AMLO government, which has refused to bail out shareholders and bondholders of large companies, could be on to something: A form of capitalism where investors, not taxpayers, carry the risks.
By Nick Corbishley, for WOLF STREET:
Mexico’s main airline, Aeromexico, on Friday felt compelled to issue a denial that it “has not initiated, nor has it made the decision to initiate, a restructuring procedure under Chapter 11 of the Unites States Bankruptcy Code,” following allegations to that effect in Mexico’s most widely read financial daily El Financiero. A few lines further down in the press release, the company said it is exploring ways to restructure, in an orderly fashion, its short- and medium-term financial commitments.
If the statement was meant to put investors’ nerves at ease, it didn’t quite work that way. Aeromexico’s shares ended the day 4.5% lower and are now down 60% year to date.
Investors are spooked for good reason. In May, the number of passengers on its domestic flights plunged by 89% from a year ago, and for international flights by 98%. Like all airlines, it desperately needs financial support to navigate the unprecedented turbulence hitting the aviation industry. And for the moment, it’s not getting it.
Like many airlines, Aeromexico was already in trouble before the virus crisis brought air travel to a near-standstill. In 2019, its CEO, Javier Arrigunaga, went cap in hand to Mexican President Andres Manuel Lopez Obrador’s right hand man, Alfonso Romo, to request a $125 million emergency credit line from Mexico’s state-owned development bank. The answer was a resounding no.
According to the article in El Financiero that forced Aeromexico’s bankruptcy enial, the airline is currently being advised by U.S. law firm White & Case and Citigroup.
Two of South America’s largest airlines, Santiago-based LATAM (a Chilean-Brazilian airline) and Colombia’s Avianca, have already filed for bankruptcy protection in a New York court. In May, LATAM became the world’s largest airline to date to seek an emergency reorganization due to the coronavirus pandemic. It seeks to restructure $18 billion in debt. Latam’s filing for Chapter 11 is likely to delay a proposed bailout of the company by Brazil’s state development bank as well as push back aid to its domestic rivals.
Avianca was already desperately weak before Covid struck, having emerged from a debt restructuring process in Dec. 2019. Like LATAM, Avianca’s revenues and earnings were decimated by the near-total collapse of passenger operations in April, as all countries in Latin America sealed their borders and barred all non-essential travel. Passenger traffic on Latin American and Caribbean airlines plunged by a staggering 96% in April, according to the International Air Travel Association (IATA).
With Covid-19 cases rising across the region, which is now considered the epicenter of the global virus crisis, some countries still haven’t opened their borders and many travel bans remain in place. For example, travel between Brazil, which currently has the second highest number of covid-19 cases in the world, and the U.S., which has the highest, is still suspended, while all non-essential travel between Mexico, the U.S. and Canada remains restricted.
We are primarily funded by readers. Please subscribe and donate to support us!
Prior to COVID-19, Latin America’s airline industry generated $167 billion in revenues and supported 7.2 million jobs, according to IATA. Forecasts now anticipate a drop of at least $77 billion in revenues, with more than 3.5 million jobs at risk.
Avianca recently reported that its passenger revenues had slumped 51% for the year up to early June compared to the same period of 2019. Given that included roughly two and a half months of normal uninterrupted operations, between January and mid-March 2020, the revenue figure shows just how dire second-quarter results are likely to be for Latin America’s airlines.
By the end of 2020, LATAM Airlines expects to be operating at half of pre-pandemic levels, said the group’s CEO Roberto Alvo on Thursday, adding that a full recovery was unlikely for at least three to four years.
LATAM’s Argentinean subsidiary has already announced it is ceasing all cargo and passenger operations, indefinitely. The decision, it said, was “a result of current market conditions, exacerbated by the impact of the Covid-19 pandemic and the difficulty of building structural agreements with local industry actors, which has made it impossible to foresee a viable and sustainable long-term project”.
It’s a common theme throughout the region. The airlines say they desperately need help from taxpayers to weather the storm. And in most cases they’re not getting it.
“This is our last chance to survive this crisis,” said Peter Cerdá, IATA Regional Vice President for the Americas. “Time is against us and every day that goes by places more agony on an industry that is seeking clarity on timelines to restart operations. No sector has the liquidity to stay afloat during a four- or five-month standstill.”
In North America and Europe, governments have responded to the turmoil hitting the aviation industry by unleashing billion-dollar aid packages to help keep airlines afloat. Some central banks have even bought bonds issued by airlines. It still may not be enough to save the industry.
On June 10, Delta Airlines, which forms part of the same SkyTeam airline alliance to which Aeromexico belongs, warned in an SEC filing that its revenues in the second quarter, ending June 30, would collapse by 90% compared to the second quarter last year. Ironically, Delta could end up facing billions of dollars in losses as direct a result of its untimely strategic partnership with LATAM, struck just seven months before LATAM’s bankruptcy.
Delta can count on government support, at least temporarily, as well as raise funds relatively cheaply on the bond market. In most Latin American economies, those sorts of luxuries are painfully scarce right now. As we’ve been warning since late March, most economies in Latin America have neither the fiscal firepower nor monetary leeway to bail out corporations in the way that countries in Europe and North America have.
Latin American and Caribbean governments have offered less support to the aviation sector sector than any other region, says Peter Cerdá at IATA. Even in Mexico, where funds are more readily available, the AMLO government has steadfastly refused to use taxpayer money to bail out shareholders and bondholders of large corporations. And he could be on to something — some sort of wild-eyed experiment, a form of capitalism where investors, not taxpayers, carry the risks. By Nick Corbishley, for WOLF STREET.