investmentwatchblog--2020-07-27--What? Default? Where? Dollar?

What? Default? Where? Dollar?

It won ’ t come as a surprise to anyone that the first half of 2020 has brought , among many other things , renewed calls for the demise of the US dollar .
It ’ s been pretty much a non-stop call for over a decade now , and longer .
But this time , like all previous ones , I ’ m thinking : I don ’ t see it .
I guess my first question is always : please explain why the dollar would collapse before the euro does .
For one thing , the dollar would @ @ @ @ @ @ @ “ entities ” .
The dollar is not like one of those highrises that collapse upon themselves .
It will have to default or collapse against something ( s ) else .
Since it is the world reserve currency , that means there would have to be a replacement reserve currency .
Yes , that could also be for example gold or SDR ’ s , or even a basket of currencies , and something like that may happen eventually , but it doesn ’ t appear in the cards in the short @ @ @ @ @ @ @ candidates for the role , and neither looks at all fit to play it .
The euro may have some ambitions in that direction , but it has far too many problems still .
The yuan/renminbi certainly has such ambitions , but the Communist party refuses to let it get on stage to show what it ’ s got .
As I recently wrote : The main sticking point for Beijing is a conundrum it can not solve .
The CCP wants to have BOTH a global currency AND total control over that @ @ @ @ @ @ @ between the two , and can not make up its mind .
So it pretends it doesn ’ t have to choose .
Sure , there has been some advancement for the yuan , but I bet most of that is on the back of the Belt and Road ( BRI ) , and that will turn out to be one of the main victims of the coronavirus .
The BRI is China ’ s very clever way of exporting its overproduction , but potential buyers have other things on their mind today @ @ @ @ @ @ @ the yuan is used in only 1.8 % of cross-currency payments .
[ .. ] The sudden , and rushed , take-over of Hong Kong with the new security law will not help China ’ s plans to be accepted internationally .
[ .. ] The world ’ s large investors will not put their money into something that Xi Jinping can declare devalued by 50 % on a rainy morning when he sees fit .
He will have to cede that kind of control .
The euro has made some gains vs @ @ @ @ @ @ @ to 1.16 or so , but that means very little once you look at the broader picture .
Moreover , the reason the financial press provides for -much of- those gains , which is that the EU supposedly showed “ unity ” in its recent Recovery Fund talks , is bollocks .
If it showed one thing , it was a lack of unity .
That ’ s why these were the longest talks they ever had .
And if this had not been Angela Merkel ’ s last hurrah , they might @ @ @ @ @ @ @ paid off the Frugal Four to the tune of hundreds of millions , and that ’ s how they got a deal .
Horse traders .
A simple screenshot from Bloomberg of the USD vs EUR over the last five years makes clear why the recent changes are no big deal .
( All BBG screenshots are from July 24 just before 10 AM EDT and all cover a 5 year period . )
A reserve currency has two roles : being the currency that most international trade is conducted in , and @ @ @ @ @ @ @ hold most as foreign exchange ( FX ) reserves .
After WWII , the US dollar became the most important currency for trade more or less by default , a position that it greatly strengthened with the petrodollar .
A 2015 SWIFT paper provides details about the US dollar ’ s share of international trade : That ’ s from five years ago , but things won ’ t have changed much .
The system is complex and inert , it has a very strong resistance against large and sudden changes .
( @ @ @ @ @ @ @ share of international trade is substantially skewed because it includes payments between countries that use the euro as their currency , plus those EU countries that don ’ t -yet- ) .
Single market , international trade .
And then there ’ s the dollar ’ s FX role .
In September 2019 , Eswar Prasad at Brookings reported that the dollar ’ s share of global FX reserves remains around 65 % .
The drop from 66 percent in 2015 to 62 percent in 2018 , is probably a statistical artifact related @ @ @ @ @ @ @ .
Compared with 2007 , however , the dollar ’ s share of global FX reserves has declined by 2 percentage points while the euro ’ s share is down 6 percentage points .
Over this period , the Japanese yen ’ s share has risen by 2 percentage points , while other less prominent reserve currencies have increased their total share by 4 percentage points .
The renminbi , which was not an official reserve currency in 2007 , now accounts for 2 percent of global FX reserves .
[ .. ] @ @ @ @ @ @ @ renminbi has stalled , and dollar supremacy remains unchallenged .
[ .. ] In July 2019 , China ’ s total official reserve assets amounted to just over $ 3.2 trillion , of which $ 3.1 trillion ( 97 percent of the total ) was held in the form of FX reserves .
Gold holdings amounted to about $ 89 billion [ .. ] Coming amid rising trade tensions with the U.S. , the 5 percent increase in China ’ s gold stock and the 24 percent increase in the value of its @ @ @ @ @ @ @ interpreted as a sign of China ’ s attempting to diversify its reserve holdings away from U.S. dollars .
If this interpretation was indeed correct , China has a long way to go .
Gold now accounts for 3 percent of China ’ s gross international reserves .
From a global financial market perspective , and especially relative to its overall international reserves , the $ 18 billion increase in the value of China ’ s gold reserves during 2019 is trivial ; it barely registers as a shift in the composition of @ @ @ @ @ @ @ that China still holds 58 percent of its FX reserves in dollar-denominated assets , the value of those assets in July 2019 was $ 1.8 trillion .
So , the value of its gold reserves , $ 94 billion , is a mere one twentieth of that of China ’ s dollar-denominated reserves .
With the euro and yuan out of the way as potential reserve currency candidates , we can take a look at gold .
Senior commenter Dr.D at the Automatic Earth recently wrote : “ As advertised , the US @ @ @ @ @ @ @ ?
US $ has been cut in half compared to Silver in 3 months .
US $ has been cut in half compared to BTC in 3 months .
US $ has been cut in half compared to Gold in 4 years .
Like many people talking about a USD demise , perhaps that ’ s too much of a dollar-centric view and conclusion .
Surely gold and silver can rise vs the USD without announcing an imminent collapse of the latter .
And since precious metals tend to go up in times @ @ @ @ @ @ @ shovels full of just that , you would expect them to rise .
Therefore you would have to also look at how they do vs for example the euro , before concluding anything .
Note : I didn ’ t include Bitcoin because it ’ s too new and volatile .
Makes me think of the Lindy Effect , often cited by Nassim Taleb , the idea that the older something is , the longer it ’ s likely to be around in the future .
Here are a few more Bloomberg screenshots @ @ @ @ @ @ @ well vs the USD in , say , the past two years , no doubt .
But gold has pretty much followed the exact same pattern vs the euro : Silver has done even better , more recently , vs the USD , though compared to where it was in 2016 it ’ s not that big a step ( barely more than 10 % ) : And the pattern of silver vs the euro is so similar it ’ s almost eery .
I don ’ t see anything there that would @ @ @ @ @ @ @ , no more than the euro is .
What I see is gold and silver rising .
People move into precious metals , perceived as safe havens ; they always do when the world is in turmoil .
And don ’ t forget there are trillions in additional recent central bank money sloshing around that have to move somewhere .
As for the changes of the USD vs the euro : we ’ ve already seen that they are not exceptional .
Losing a few percent vs the euro will not collapse the @ @ @ @ @ @ @ something missing in the discussion as far as I ’ ve seen : the option that it ’ s the US itself that wants a lower dollar at this point in time , and actively works to get it lower .
A strong dollar works for a strong economy , but not for one weakened by a pandemic and an acrimonious political climate .
But the US has borrowed so much money !
, you say .
Yes , but so have Europe , and Japan , and China , everyone has who @ @ @ @ @ @ @ , since some are clamoring for a return to the gold standard .
Which is not likely , because too many parties would resist , either for ideological or practical reasons .
But say you would consider it , then you would as one of the first things you do , look at gold reserves .
Here are the top ten gold holding countries per March 2020 , as assembled by TradingEconomics.com : Note : Britain is not there , because “ Between 1999 and 2002 the Treasury sold 401 tonnes of gold @ @ @ @ @ @ @ at an average price of $ 275 an ounce , generating about $ 3.5bn during the period.
” ( BBC ) .
Gold is at $ 1,900 today .
Nuff said .
The US gold reserves are so large it would appear to give them an unfair advantage if a gold standard were considered .
Same as they have in the current set-up .
Then again , if you insert population numbers into the equation , Germany , Italy , Switzerland , even the Netherlands , have more in relative terms .
Question @ @ @ @ @ @ @ the others ?
Long story short : I don ’ t see a US dollar default or collapse in the near future .
But by all means enlighten me .

by Raúl Ilargi Meijer
Elaine de Kooning Fairfield Porter #1 1954
It won’t come as a surprise to anyone that the first half of 2020 has brought, among many other things, renewed calls for the demise of the US dollar. It’s been pretty much a non-stop call for over a decade now, and longer. But this time, like all previous ones, I’m thinking: I don’t see it. I guess my first question is always: please explain why the dollar would collapse before the euro does.
For one thing, the dollar would have to collapse/default against one or more “entities”. The dollar is not like one of those highrises that collapse upon themselves. It will have to default or collapse against something(s) else. Since it is the world reserve currency, that means there would have to be a replacement reserve currency. Yes, that could also be for example gold or SDR’s, or even a basket of currencies, and something like that may happen eventually, but it doesn’t appear in the cards in the short run.
There are really only two candidates for the role, and neither looks at all fit to play it. The euro may have some ambitions in that direction, but it has far too many problems still. The yuan/renminbi certainly has such ambitions, but the Communist party refuses to let it get on stage to show what it’s got. As I recently wrote:
The main sticking point for Beijing is a conundrum it cannot solve. The CCP wants to have BOTH a global currency AND total control over that currency. It will have to choose between the two, and cannot make up its mind. So it pretends it doesn’t have to choose. Sure, there has been some advancement for the yuan, but I bet most of that is on the back of the Belt and Road (BRI), and that will turn out to be one of the main victims of the coronavirus. The BRI is China’s very clever way of exporting its overproduction, but potential buyers have other things on their mind today.
Meanwhile, even with that, the yuan is used in only 1.8% of cross-currency payments. [..] The sudden, and rushed, take-over of Hong Kong with the new security law will not help China’s plans to be accepted internationally. [..] The world’s large investors will not put their money into something that Xi Jinping can declare devalued by 50% on a rainy morning when he sees fit. He will have to cede that kind of control.
The euro has made some gains vs the USD recently, going from 1.07 to 1.16 or so, but that means very little once you look at the broader picture. Moreover, the reason the financial press provides for -much of- those gains, which is that the EU supposedly showed “unity” in its recent Recovery Fund talks, is bollocks.
If it showed one thing, it was a lack of unity. That’s why these were the longest talks they ever had. And if this had not been Angela Merkel’s last hurrah, they might not have agreed at all. They paid off the Frugal Four to the tune of hundreds of millions, and that’s how they got a deal. Horse traders.
A simple screenshot from Bloomberg of the USD vs EUR over the last five years makes clear why the recent changes are no big deal. (All BBG screenshots are from July 24 just before 10 AM EDT and all cover a 5 year period.)
A reserve currency has two roles: being the currency that most international trade is conducted in, and -closely related- being the currency that countries hold most as foreign exchange (FX) reserves. After WWII, the US dollar became the most important currency for trade more or less by default, a position that it greatly strengthened with the petrodollar.
A 2015 SWIFT paper provides details about the US dollar’s share of international trade:
The US dollar prevails as the dominant international trade currency, with a 51.9% share of the value of international currency usage in 2014. The euro is second, with a 30.5% share of the total value. The British pound is third, with a 5.4% share of the total value, followed by Asian currencies such as the Japanese yen and the Chinese yuan.
That’s from five years ago, but things won’t have changed much. The system is complex and inert, it has a very strong resistance against large and sudden changes. (Do note that the euro’s share of international trade is substantially skewed because it includes payments between countries that use the euro as their currency, plus those EU countries that don’t -yet-). Single market, international trade.
And then there’s the dollar’s FX role.
In September 2019, Eswar Prasad at Brookings reported that the dollar’s share of global FX reserves remains around 65%.
The drop from 66 percent in 2015 to 62 percent in 2018, is probably a statistical artifact related to changes in the reporting of reserves. Compared with 2007, however, the dollar’s share of global FX reserves has declined by 2 percentage points while the euro’s share is down 6 percentage points. Over this period, the Japanese yen’s share has risen by 2 percentage points, while other less prominent reserve currencies have increased their total share by 4 percentage points. The renminbi, which was not an official reserve currency in 2007, now accounts for 2 percent of global FX reserves. [..] .. the euro has stumbled, the renminbi has stalled, and dollar supremacy remains unchallenged. [..] In July 2019, China’s total official reserve assets amounted to just over $3.2 trillion, of which $3.1 trillion (97 percent of the total) was held in the form of FX reserves. Gold holdings amounted to about $89 billion [..] Coming amid rising trade tensions with the U.S., the 5 percent increase in China’s gold stock and the 24 percent increase in the value of its official gold holdings during 2019 have been interpreted as a sign of China’s attempting to diversify its reserve holdings away from U.S. dollars. If this interpretation was indeed correct, China has a long way to go. Gold now accounts for 3 percent of China’s gross international reserves. From a global financial market perspective, and especially relative to its overall international reserves, the $18 billion increase in the value of China’s gold reserves during 2019 is trivial; it barely registers as a shift in the composition of China’s overall reserves. Assuming that China still holds 58 percent of its FX reserves in dollar-denominated assets, the value of those assets in July 2019 was $1.8 trillion. So, the value of its gold reserves, $94 billion, is a mere one twentieth of that of China’s dollar-denominated reserves.
With the euro and yuan out of the way as potential reserve currency candidates, we can take a look at gold. Senior commenter Dr.D at the Automatic Earth recently wrote: “As advertised, the US$ is defaulting. What? Where? US$ has been cut in half compared to Silver in 3 months. US$ has been cut in half compared to BTC in 3 months. US$ has been cut in half compared to Gold in 4 years.
Like many people talking about a USD demise, perhaps that’s too much of a dollar-centric view and conclusion. Surely gold and silver can rise vs the USD without announcing an imminent collapse of the latter. And since precious metals tend to go up in times of uncertainty, and COVID has brought shovels full of just that, you would expect them to rise.
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Therefore you would have to also look at how they do vs for example the euro, before concluding anything. Note: I didn’t include Bitcoin because it’s too new and volatile. Makes me think of the Lindy Effect, often cited by Nassim Taleb, the idea that the older something is, the longer it’s likely to be around in the future.
Here are a few more Bloomberg screenshots. And yes, gold has done well vs the USD in, say, the past two years, no doubt.
But gold has pretty much followed the exact same pattern vs the euro:
Silver has done even better, more recently, vs the USD, though compared to where it was in 2016 it’s not that big a step (barely more than 10%):
And the pattern of silver vs the euro is so similar it’s almost eery.
I don’t see anything there that would make me think the dollar is collapsing, no more than the euro is. What I see is gold and silver rising. People move into precious metals, perceived as safe havens; they always do when the world is in turmoil. And don’t forget there are trillions in additional recent central bank money sloshing around that have to move somewhere.
As for the changes of the USD vs the euro: we’ve already seen that they are not exceptional. Losing a few percent vs the euro will not collapse the dollar.
Also, there’s something missing in the discussion as far as I’ve seen: the option that it’s the US itself that wants a lower dollar at this point in time, and actively works to get it lower. A strong dollar works for a strong economy, but not for one weakened by a pandemic and an acrimonious political climate.
But the US has borrowed so much money!, you say. Yes, but so have Europe, and Japan, and China, everyone has who could.
A little more about gold, since some are clamoring for a return to the gold standard. Which is not likely, because too many parties would resist, either for ideological or practical reasons. But say you would consider it, then you would as one of the first things you do, look at gold reserves. Here are the top ten gold holding countries per March 2020, as assembled by TradingEconomics.com:
Note: Britain is not there, because “Between 1999 and 2002 the Treasury sold 401 tonnes of gold – out of its 715-tonne holding – at an average price of $275 an ounce, generating about $3.5bn during the period.” (BBC). Gold is at $1,900 today. Nuff said.
The US gold reserves are so large it would appear to give them an unfair advantage if a gold standard were considered. Same as they have in the current set-up. Then again, if you insert population numbers into the equation, Germany, Italy, Switzerland, even the Netherlands, have more in relative terms. Question is: where does that leave all the others?
Long story short: I don’t see a US dollar default or collapse in the near future. But by all means enlighten me.


investmentwatchblog--2020-07-27--Gold Goes Parabolic, While Stocks Chop… What’s Next?

Stocks are up this morning as the $ USD plunges .
The S & P 500 is chopping around overhead @ @ @ @ @ the chart below ) .
It feels like a lot is happening on the surface @ @ @ @ @ at the chart it ’ s clear stocks have gone nowhere for the better part @ @ @ @ @ bigger development is occurring in precious metals .
Gold has just hit a new all-time @ @ @ @ @ doubled from the March lows .
This is where investors are seeing MAJOR gains right @ @ @ @ @ , we just published a Special Investment Report concerning FIVE contrarian investments you can use @ @ @ @ @ you as inflation rips through the financial system in the months ahead .
The report @ @ @ @ @ Storm .
And it explains in very simply terms how to make inflation PAY YOU @ @ @ @ @ precious metals sector and precious metals mining .
We are making just 100 copies available @ @ @ @ @ are just 17 left .
To pick up yours , swing by :

Stocks are up this morning as the $USD plunges.
The S&P 500 is chopping around overhead resistance (red line in the chart below). It feels like a lot is happening on the surface, but once you look at the chart it’s clear stocks have gone nowhere for the better part of six weeks.
The bigger development is occurring in precious metals. Gold has just hit a new all-time highs. Silver has nearly doubled from the March lows. This is where investors are seeing MAJOR gains right now.
On that note, we just published a Special Investment Report concerning FIVE contrarian investments you can use to make precious metals pay you as inflation rips through the financial system in the months ahead.
The report is titled Survive the Inflationary Storm. And it explains in very simply terms how to make inflation PAY YOU through care investing in the precious metals sector and precious metals mining.
We are making just 100 copies available to the public.
There are just 17 left.
We are primarily funded by readers. Please subscribe and donate to support us!
To pick up yours, swing by:
www.phoenixcapitalmarketing.com/inflationstorm.html
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research


investmentwatchblog--2020-07-27--Money Supply Madness in the Euro area

Money Supply Madness in the Euro area

This morning has brought a consequence of the actions of the European Central Bank into focus .
In response to the Covid-19 pandemic it found itself out of interest-rate ammunition having already cut interest-rates to -0.6 % .
Or rather interest-rate ammunition for businesses and consumers as of course it has set a record low of -1 % for The Precious !
The Precious !
So it found itself only able to employ more unconventional measures such as Quantitative Easing ( QE ) and credit easing ( TLTROs ) .
Of course it was already indulging in some QE which @ @ @ @ @ @ @ lines such about by Joe Walsh .
We have been observing the consequences of the above in this area for some months now .
Today is no different .
If we look back we see that it was 7.2 % a year ago and then the extra monetary easing of the autumn of 2019 saw it rally to around 8 % .
So the new measures have pretty quickly had an impact .
That has not always been true as regular readers will know .
Also whilst we have seen an annual rate @ @ @ @ @ @ @ late 2009 when the credit crunch hit ) the money supply is much larger now .
Mostly of course due to all the official effort pushing it up !
In terms of totals M1 pushed past the 9.7 trillion Euros barrier in June and also cash in circulation pushed past 1.3 trillion .
Cash is not growing as fast as the rest but in other terms an annual growth rate of 9.7 % would be considered fast especially as it has been out of favour as a medium of exchange for obvious possible @ @ @ @ @ @ @ media reporting of it .
As you can see this is on the surge too .
The relative move has been even stronger here as the annual rate of growth on a year before has doubled from 4.6 % .
In more recent terms it has risen from around 5.5 % if we ignore the odd print at the end of 2019 .
As to the breakdown much of the growth ( 8.5 % ) is M1 and it is noticeable that M2 seems very out of fashion these days .
I guess @ @ @ @ @ @ @ money deposited for longer terms ?
But M3 growth has picked up noticeably .
We should not be surprised as that is one of the main targets of ECB policy both implicitly via corporate bond purchases and explicitly such as the purchase of commercial paper .
So we have more overnight deposits backed up by more cash and more money market fund shares .
There was also a noticeable slowing in June to 95 billion Euros as the growth rate ( Taking us to 13.89 trillion ) There is another way of looking @ @ @ @ @ @ @ remind you not to take these numbers too literally .
That went horribly wrong in my home country back in the day .
It was only a few days ago I pointed out that the main role of the ECB these days seems to have become to make sure the Euro area government ’ s can fund themselves cheaply .
I consider this to usually be a lagging indicator but there are some points of note and the credit to governments leaps off the page I think .
Credit to government was -2 @ @ @ @ @ @ @ pedal has been pushed to the metal .
The ECB will be troubled by the latter part of the numbers below .
Private-sector credit declined noticeably in the circumstances when adjusted but that seems to go missing in the detail .
So let me help out .
Putting it another way credit growth fell to 178 billion Euros in June of which 153 billion went to governments .
The response of the ECB to the Covid-19 pandemic has been to sing along with MARRS .
But just like their other moves of applying @ @ @ @ @ @ @ yields it does not seem to be working .
Back in the day I was taught this as “ pushing on a string ” .
As a concept it is clear but in the intervening decades the monetary system has changed enormously .
Personally I think the concepts of money and credit have merged in certain areas such as people paying for things with their phone .
Another is the use of credit cards .
Putting it another way the economic impact is money supply multiplied by velocity with the catch being we @ @ @ @ @ @ @ We can have a stab at what it was but right now we neither know what it is nor what it will be .
So we know it has fallen over time undermining the central bank efforts making it push on a string but we can only say that looks like it is happening all over again , we can not measure it with any precision .
Thus a likely consequence from this is inflation .
We can see this in two ways .
The official denials combined with increasingly desperate efforts to @ @ @ @ @ @ @ news overnight has highlighted and my subject of a few days ago , another high for the price of Gold .
Let me offer an olive branch to economics 101 .
How is the Euro rallying ( 1.17 versus the US Dollar ) .
Well the US Money Supply is growing even faster .

by Shaun Richards
This morning has brought a consequence of the actions of the European Central Bank into focus. In response to the Covid-19 pandemic it found itself out of interest-rate ammunition having already cut interest-rates to -0.6%. Or rather interest-rate ammunition for businesses and consumers as of course it has set a record low of -1% for The Precious! The Precious! So it found itself only able to employ more unconventional measures such as Quantitative Easing ( QE) and credit easing ( TLTROs). Of course it was already indulging in some QE which is looking ever more permanent along the lines such about by Joe Walsh.
I go to parties sometimes until four
It’s hard to leave when you can’t find the door
Money Supply
We have been observing the consequences of the above in this area for some months now. Today is no different.
Annual growth rate of narrower monetary aggregate M1,, comprising currency in circulation and overnight deposits, stood at 12.6% in June, compared with 12.5% in May.
If we look back we see that it was 7.2% a year ago and then the extra monetary easing of the autumn of 2019 saw it rally to around 8%. So the new measures have pretty quickly had an impact. That has not always been true as regular readers will know. Also whilst we have seen an annual rate of 13.1% in the past ( late 2009 when the credit crunch hit) the money supply is much larger now. Mostly of course due to all the official effort pushing it up!
In terms of totals M1 pushed past the 9.7 trillion Euros barrier in June and also cash in circulation pushed past 1.3 trillion. Cash is not growing as fast as the rest but in other terms an annual growth rate of 9.7% would be considered fast especially as it has been out of favour as a medium of exchange for obvious possible infection reasons. More woe for the media reporting of it.
Broad Money
As you can see this is on the surge too.
The annual growth rate of the broad monetary aggregate M3 increased to 9.2% in June 2020 from 8.9% in May, averaging 8.8% in the three months up to June. The components of M3, showed the following developments. The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, stood at 12.6% in June, compared with 12.5% in May. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) stood at 0.7% in June, unchanged from the previous month. The annual growth rate of marketable instruments (M3-M2) increased to 10.1% in June from 5.7% in May.
The relative move has been even stronger here as the annual rate of growth on a year before has doubled from 4.6%. In more recent terms it has risen from around 5.5% if we ignore the odd print at the end of 2019. As to the breakdown much of the growth (8.5%) is M1 and it is noticeable that M2 seems very out of fashion these days. I guess with interest-rates so low why have your money deposited for longer terms? But M3 growth has picked up noticeably. We should not be surprised as that is one of the main targets of ECB policy both implicitly via corporate bond purchases and explicitly such as the purchase of commercial paper.
So we have more overnight deposits backed up by more cash and more money market fund shares. There was also a noticeable slowing in June to 95 billion Euros as the growth rate ( Taking us to 13.89 trillion)
There is another way of looking at this and as usual let me remind you not to take these numbers too literally. That went horribly wrong in my home country back in the day.
the annual growth rate of M3 in June 2020 can be broken down as follows: credit to the private sector contributed 5.1 percentage points (down from 5.3 percentage points in May), credit to general government contributed 5.0 percentage points (up from 3.6 percentage points), net external assets contributed 1.0 percentage point (as in the previous month), longer-term financial liabilities contributed 0.3 percentage point (up from 0.0 percentage point), and the remaining counterparts of M3 contributed -2.0 percentage points (down from -0.9 percentage point).
It was only a few days ago I pointed out that the main role of the ECB these days seems to have become to make sure the Euro area government’s can fund themselves cheaply.
Credit
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I consider this to usually be a lagging indicator but there are some points of note and the credit to governments leaps off the page I think.
The annual growth rate of credit to general government increased to 13.6% in June from 9.8% in May, while the annual growth rate of credit to the private sector stood at 4.8% in June, compared with 4.9% in May.
Credit to government was -2% as recently as February so the pedal has been pushed to the metal.
The ECB will be troubled by the latter part of the numbers below.
The annual growth rate of adjusted loans to the private sector (i.e. adjusted for loan sales, securitisation and notional cash pooling) decreased to 4.8% in June from 5.3% in May. Among the borrowing sectors, the annual growth rate of adjusted loans to households stood at 3.0% in June, unchanged from the previous month, while the annual growth rate of adjusted loans to non-financial corporations decreased to 7.1% in June from 7.3% in May.
Private-sector credit declined noticeably in the circumstances when adjusted but that seems to go missing in the detail. So let me help out.
New bank loans to euro area corporates slowed to €9bn in June, following a massive increase of €245bn over the previous three months. ( @fwred)
Putting it another way credit growth fell to 178 billion Euros in June of which 153 billion went to governments.
Comment
The response of the ECB to the Covid-19 pandemic has been to sing along with MARRS.
Brothers and sisters!
Pump up the volume
Pump that beat
Brothers and sisters!
Pump up the volume
We gonna get ya!
But just like their other moves of applying large interest-rate cuts and then negative bond yields it does not seem to be working. Back in the day I was taught this as “pushing on a string”. As a concept it is clear but in the intervening decades the monetary system has changed enormously. Personally I think the concepts of money and credit have merged in certain areas such as people paying for things with their phone. Another is the use of credit cards.
Putting it another way the economic impact is money supply multiplied by velocity with the catch being we do not know what velocity is. We can have a stab at what it was but right now we neither know what it is nor what it will be. So we know it has fallen over time undermining the central bank efforts making it push on a string but we can only say that looks like it is happening all over again, we cannot measure it with any precision.
Thus a likely consequence from this is inflation. We can see this in two ways. The official denials combined with increasingly desperate efforts to miss measure inflation. Or as the news overnight has highlighted and my subject of a few days ago, another high for the price of Gold.
Let me offer an olive branch to economics 101. How is the Euro rallying ( 1.17 versus the US Dollar). Well the US Money Supply is growing even faster.
Podcast


investmentwatchblog--2020-07-27--MARK LEVIN CONDEMNS ‘CLEAR CONFLICT’ OF WASHINGTON POST CEO ALSO SERVING AS CHAIRMAN OF REAGAN FOUND

MARK LEVIN CONDEMNS ‘CLEAR CONFLICT’ OF WASHINGTON POST CEO ALSO SERVING AS CHAIRMAN OF REAGAN FOUNDATION:

Conservative commentator Mark Levin slammed the Washington Post ’ s publisher for serving as the outlet ’ s CEO while also working on the Ronald Reagan Presidential Foundation and Institute ’ s board of trustees .
The Ronald Reagan Presidential Foundation and Institute requested this weekend that the Republican National Committee and President Trump ’ s reelection campaign stop fundraising off of Reagan ’ s likeness , following an email saying Trump supporters would receive a commemorative Reagan coin if they donated at least $ 45 to the Trump Make America Great Again Committee .
The Washington Post ’ s @ @ @ @ @ @ @ serves as chairman of the board of trustees for the foundation , which maintains and sustains the Ronald Reagan Presidential Library , prompting Levin to issue a series of tweets on the matter on Sunday .
Levin said that he worked for Reagan ’ s administration for eight years and “ did not realize that Fred Ryan , who is now the publisher and CEO of the Washington Post is also the chairman of the Reagan Library & Foundation board.
” “ Now , given the Washington Post ‘ s leftist agenda , @ @ @ @ @ @ @ Ronald Reagan , this appears to me to be a huge conflict , ” he said .

Conservative commentator Mark Levin slammed the Washington Post’s publisher for serving as the outlet’s CEO while also working on the Ronald Reagan Presidential Foundation and Institute’s board of trustees.
The Ronald Reagan Presidential Foundation and Institute requested this weekend that the Republican National Committee and President Trump’s reelection campaign stop fundraising off of Reagan’s likeness, following an email saying Trump supporters would receive a commemorative Reagan coin if they donated at least $45 to the Trump Make America Great Again Committee.
The Washington Post’s CEO and publisher, Fred Ryan, serves as chairman of the board of trustees for the foundation, which maintains and sustains the Ronald Reagan Presidential Library, prompting Levin to issue a series of tweets on the matter on Sunday.
Levin said that he worked for Reagan’s administration for eight years and “did not realize that Fred Ryan, who is now the publisher and CEO of the Washington Post is also the chairman of the Reagan Library & Foundation board.”
“Now, given the Washington Post‘s leftist agenda, and the conservative legacy of the great Ronald Reagan, this appears to me to be a huge conflict,” he said.


investmentwatchblog--2020-07-27--US unemployment surges to a Depression-era level of 14.7%

Washington – The coronavirus crisis has sent the U.S. unemployment rate surging to 14.7 % , a level last seen when the country was in the throes of the Depression and President Franklin D. Roosevelt was assuring Americans that the only thing to fear was fear itself .
The Labor Department said Friday that 20.5 million jobs vanished in April in the worst monthly loss on record , triggered by the coast-to-coast shutdowns of factories , stores , offices and other businesses .
Unemployment is now at its highest point since 1939 .
And because of government errors and the @ @ @ @ @ @ @ , the true picture is even worse than the numbers suggest .
The breathtakingly swift losses are certain to intensify the push-pull across the U.S. over how and when to ease the stay-at-home restrictions and the social-distancing rules .
And they rob President Donald Trump of the ability to point to a strong economy as he runs for reelection .
“ The jobs report from hell is here , ” said Sal Guatieri , senior economist at BMO Capital Markets , “ one never seen before and unlikely to be seen again barring @ @ @ @ @ @ @ ” Stocks rallied on Wall Street in the morning when it turned out the report wasn ’ t quite as horrific as economists had forecast .
The Dow Jones Industrial Average gained more than 300 points , or 1.3 % .

Washington – The coronavirus crisis has sent the U.S. unemployment rate surging to 14.7%, a level last seen when the country was in the throes of the Depression and President Franklin D. Roosevelt was assuring Americans that the only thing to fear was fear itself.
The Labor Department said Friday that 20.5 million jobs vanished in April in the worst monthly loss on record, triggered by the coast-to-coast shutdowns of factories, stores, offices and other businesses. Unemployment is now at its highest point since 1939.
And because of government errors and the particular way it measures the job market, the true picture is even worse than the numbers suggest.
The breathtakingly swift losses are certain to intensify the push-pull across the U.S. over how and when to ease the stay-at-home restrictions and the social-distancing rules. And they rob President Donald Trump of the ability to point to a strong economy as he runs for reelection.
“The jobs report from hell is here,” said Sal Guatieri, senior economist at BMO Capital Markets, “one never seen before and unlikely to be seen again barring another pandemic or meteor hitting the earth.”
Stocks rallied on Wall Street in the morning when it turned out the report wasn’t quite as horrific as economists had forecast. The Dow Jones Industrial Average gained more than 300 points, or 1.3%.


investmentwatchblog--2020-07-27--“Hundreds of teenagers go on rampage at mini-golf center after they were refused refunds over faulty

“Hundreds of teenagers go on rampage at mini-golf center after they were refused refunds over faulty games machines”

• 300 to 400 teenagers who were at a Memphis mini-golf complex ended up going berserk after staff refused a @ @ @ @ @ machine • In a video , one girl could be seen tearing apart a plexiglass @ @ @ @ @ the counter where staff are standing behind • She then grabs a metal rope stand @ @ @ @ @ employees • Incredibly the workers were unharmed as they managed to dodge the projectiles • @ @ @ @ @ minors must be accompanied by a parent or guardian A Memphis mini-golf center descended into @ @ @ @ @ teenagers began destroying the place after problems with some of the complex ’ s games @ @ @ @ @ one person who was at the Putt-Putt Fun Center said trouble suddenly erupted after some @ @ @ @ @ swallowing money with staff seemingly unable to offer prompt refunds .
It immediately resulted in @ @ @ @ @ girl grabbed a plexiglass screen from the counter and hurled it at staff gathered behind @

300 to 400 teenagers who were at a Memphis mini-golf complex ended up going berserk after staff refused a refund over a faulty games machine
In a video, one girl could be seen tearing apart a plexiglass divider and throwing it across the counter where staff are standing behind
She then grabs a metal rope stand and again hurls it at employees
Incredibly the workers were unharmed as they managed to dodge the projectiles
The complex said that all minors must be accompanied by a parent or guardian
A Memphis mini-golf center descended into chaos when 300 to 400 teenagers began destroying the place after problems with some of the complex’s games machines.
Video shot by one person who was at the Putt-Putt Fun Center said trouble suddenly erupted after some of the games consoles began swallowing money with staff seemingly unable to offer prompt refunds.
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It immediately resulted in riot-like scenes as one teenage girl grabbed a plexiglass screen from the counter and hurled it at staff gathered behind.
www.dailymail.co.uk/news/article-8562571/Hundreds-unattended-teenagers-destructive-rampage-Memphis-mini-golf-center.html


investmentwatchblog--2020-07-27--Arrested in January, HARVARD Research Department Chair illegally paid $50K per month from WUHAN CCP

Arrested in January, HARVARD Research Department Chair illegally paid $50K per month from WUHAN CCP Research Lab. Video to more details of Harvard involvement.

Two Chinese nationals working in Boston are also facing charges from the U.S. Attorney ’ s Office .

Two Chinese nationals working in Boston are also facing charges from the U.S. Attorney’s Office.
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investmentwatchblog--2020-07-27--July: CBS couldn’t find a hospital overrun with Covid, used mannequins and blurred faces

CBS couldn ’ t find a hospital overrun with Covid patients , so they used mannequins , forgot to turn @ @ @ @ @ take the time to blur/edit the faces..
Fake News still at it , despite being @ @ @ @ @ News admits ‘ mistake ’ after airing footage of overcrowded Italian hospital in report about @

CBS couldn’t find a hospital overrun with Covid patients, so they used mannequins, forgot to turn the monitors on but did take the time to blur/edit the faces..
ifunny.co/picture/cbs-couldn-t-find-a-hospital-overrun-with-covid-patients-dozqYF9q7
www.cbsnews.com/video/coronavirus-cases-continue-to-surge-nationwide-pushing-hospitals-to-capacity/#x
Fake News still at it, despite being caught out earlier:
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CBS News admits ‘mistake’ after airing footage of overcrowded Italian hospital in report about NYC
www.foxnews.com/media/cbs-news-admits-mistake-after-airing-footage-of-overcrowded-nyc-hospital-that-was-actually-in-italy
Tess


investmentwatchblog--2020-07-27--Police find rifle magazines and Molotov cocktails at protest site. It’s going to get very bloody.

The 60th consecutive day of protests in Portland was punctuated Sunday night by the discovery of a bag of rifle @ @ @ @ @ police responding to a chaotic scene in Lownsdale Square Park .
Around the same time @ @ @ @ @ were being uncovered , Portland police responded to reports of gunfire at the same park @ @ @ @ @ into custody near SW 4th Avenue and SW Salmon Street and have since been released @ @ @ @ @ a hospital by private vehicle with an apparent gunshot wound but the injury was not @ @ @ @ @ Bureau said in a statement .
A photo of the items found in the bag @ @ @ @ @ from the police bureau saying someone pointed out the bag to officers at the park @ @ @ @ @ information was immediately released .

Watch the latest video at foxnews.com
The 60th consecutive day of protests in Portland was punctuated Sunday night by the discovery of a bag of rifle ammunition and Molotov cocktails by police responding to a chaotic scene in Lownsdale Square Park.
Around the same time the ammunition and destructive devices were being uncovered, Portland police responded to reports of gunfire at the same park. Two people were taken into custody near SW 4th Avenue and SW Salmon Street and have since been released. A person arrived at a hospital by private vehicle with an apparent gunshot wound but the injury was not life-threatening, the Portland Police Bureau said in a statement.
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A photo of the items found in the bag was shared in a tweet from the police bureau saying someone pointed out the bag to officers at the park late Sunday. No further information was immediately released.
Ammunition and destructive devices recovered at Lownsdale Square Park (Photo) t.co/k4ZmvTzlh6 pic.twitter.com/xHaLZM8uWi — Portland Police (@PortlandPolice) July 27, 2020
www.foxnews.com/us/gunfire-reported-near-portland-protest-site-2-arrested-1-injured


investmentwatchblog--2020-07-27--In coronavirus economy, Trump administration pulling out all stops to help small business: SBA Admin

In coronavirus economy, Trump administration pulling out all stops to help small business: SBA Administrator

The economic impact of the coronavirus pandemic has left America ’ s small business sector battered and bruised but not @ @ @ @ @ in revenue , small business owners are remarkably optimistic about the future , with more @ @ @ @ @ return to pre-pandemic levels of profitability in the second half of the year .
The @ @ @ @ @ is to help small businesses recover by alleviating and removing barriers that frustrate growth and @ @ @ @ @ adapt to current challenges .
The Paycheck Protection Program boosted aggregate U.S. employment by an @ @ @ @ @ million jobs through early June , according to analysis from MIT researchers and the Federal @ @ @ @ @ to date suggests the PPP was certainly not perfectly targeted in terms of reaching only @ @ @ @ @ most need ; even so , it was delivered to a substantial number of small @ @ @ @ @ of which were likely facing acute liquidity needs , ” the researchers wrote in a @ @ @ @ @

The economic impact of the coronavirus pandemic has left America’s small business sector battered and bruised but not defeated.
Despite painful drops in revenue, small business owners are remarkably optimistic about the future, with more than half expecting they will return to pre-pandemic levels of profitability in the second half of the year.
The Trump administration’s objective is to help small businesses recover by alleviating and removing barriers that frustrate growth and hinder businesses’ ability to adapt to current challenges.
www.foxbusiness.com/markets/trump-administration-small-business-sba-administrator
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The Paycheck Protection Program boosted aggregate U.S. employment by an estimated 1.4 million to 3.2 million jobs through early June, according to analysis from MIT researchers and the Federal Reserve.
“The evidence to date suggests the PPP was certainly not perfectly targeted in terms of reaching only firms or regions in the most need; even so, it was delivered to a substantial number of small and mid-size firms, many of which were likely facing acute liquidity needs,” the researchers wrote in a paper published on Tuesday.
www.foxbusiness.com/money/coronavirus-ppp-loan-saved-jobs-cost
Watch the latest video at foxnews.com
AC


investmentwatchblog--2020-07-27--Dollar on Course for Worst Month in Decade…  Gold Rips Up Record Book as $2,000 Test Looms… Investor

Dollar on Course for Worst Month in Decade…  Gold Rips Up Record Book as $2,000 Test Looms… Investor Anxiety Turns to Greed, Driving Risky Market ‘Melt-Up’…

Dollar on Course for Worst Month in Decade… The ICE U.S. Dollar Index , which measures the greenback against a basket of other currencies , weakened 0.6 % Monday to its lowest level since September 2018 , according to FactSet .
The dollar is on track to close out its worst month since April 2011 as a rise in coronavirus infections across the U.S. threatens to damp the economic recovery and keep low interest rates in place for longer .
The recent surge in cases in parts of the U.S. has prompted local authorities to halt or rewind plans to @ @ @ @ @ @ @ about the prospects for the economy .
California , Texas and Florida , which are among the hardest-hit states , together account for more than a quarter of U.S. gross domestic product .
Investors have sold the dollar and bought currencies of countries with lower infection levels in recent weeks .
That has erased 3.7 % of the currency ’ s value in July , putting it on track for its worst one-month performance in over nine years .
( Bloomberg ) — Gold ’ s unrelenting march higher shows no signs of @ @ @ @ @ @ @ swept prices past the previous high set in 2011 and put the metal on track for even bigger gains .
Bullion ’ s surge came as a gauge of the U.S. currency sank to the lowest in more than a year , the latest in a long line of bullish factors — including negative real rates in the U.S. and bets the Federal Reserve will keep policy accommodative when it meets this week — that are pushing prices ever higher .
With the world facing an extended period of unprecedented economic and political @ @ @ @ @ @ @ $ 2,000 in its sights .
Some in the market suggest the haven could rise even beyond that .
Nascent signs of gold ’ s record-breaking ascent began to show in mid-2019 , when the Fed signaled a readiness to cut interest rates as uncertainty — primarily about the impact of the U.S. ’ s trade battles — clouded its outlook .
The rally gathered pace in early 2020 as geopolitical tensions rose and the coronavirus outbreak hurt growth worldwide , pushing governments and central banks to unleash vast amounts of stimulus , @ @ @ @ @ @ @ into negative territory .

Dollar on Course for Worst Month in Decade…
The ICE U.S. Dollar Index, which measures the greenback against a basket of other currencies, weakened 0.6% Monday to its lowest level since September 2018, according to FactSet.
The dollar is on track to close out its worst month since April 2011 as a rise in coronavirus infections across the U.S. threatens to damp the economic recovery and keep low interest rates in place for longer.
The recent surge in cases in parts of the U.S. has prompted local authorities to halt or rewind plans to let business activity resume, raising doubts about the prospects for the economy. California, Texas and Florida, which are among the hardest-hit states, together account for more than a quarter of U.S. gross domestic product.
Investors have sold the dollar and bought currencies of countries with lower infection levels in recent weeks. That has erased 3.7% of the currency’s value in July, putting it on track for its worst one-month performance in over nine years.
Gold Rips Up Record Book as $2,000 Test Looms
(Bloomberg) — Gold’s unrelenting march higher shows no signs of slowing after a plunge in the dollar swept prices past the previous high set in 2011 and put the metal on track for even bigger gains.
Bullion’s surge came as a gauge of the U.S. currency sank to the lowest in more than a year, the latest in a long line of bullish factors — including negative real rates in the U.S. and bets the Federal Reserve will keep policy accommodative when it meets this week — that are pushing prices ever higher.
With the world facing an extended period of unprecedented economic and political turmoil, gold’s now got $2,000 in its sights. Some in the market suggest the haven could rise even beyond that.
Nascent signs of gold’s record-breaking ascent began to show in mid-2019, when the Fed signaled a readiness to cut interest rates as uncertainty — primarily about the impact of the U.S.’s trade battles — clouded its outlook. The rally gathered pace in early 2020 as geopolitical tensions rose and the coronavirus outbreak hurt growth worldwide, pushing governments and central banks to unleash vast amounts of stimulus, and sending real interest rates slumping further into negative territory.


investmentwatchblog--2020-07-27--Silver Rally: Next Stop $27?

Silver Rally: Next Stop $27?

Silver is finally waking up from a long bear market and multi-year slumber .
Gold kick-started the precious metals rally @ @ @ @ @ suit… and perhaps even leading .
In today ’ s chart , we can see @ @ @ @ @ is breaking above a 6-year range at ( 2 ) .
See the shaded area @ @ @ @ @ .
This range has been defined by Fibonacci price levels ( 23.6 to 38.2 ) @ @ @ @ @ within the realm of reason that Silver may be targeting its next Fibonacci price level… @ @ @ @ @ , then the next upside price target is the 50 % Fib level at $ @ @ @ @ @ This article was first written for See It Markets.com .
To see the original post @ @ @

by Kimble Charting
Silver is finally waking up from a long bear market and multi-year slumber.
Gold kick-started the precious metals rally and finally Silver is following suit… and perhaps even leading.
In today’s chart, we can see that the price of Silver is breaking above a 6-year range at (2). See the shaded area defined by (1).
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This range has been defined by Fibonacci price levels (23.6 to 38.2).
So it seems well within the realm of reason that Silver may be targeting its next Fibonacci price level…
If this is the case, then the next upside price target is the 50% Fib level at $27. Stay tuned!
This article was first written for See It Markets.com. To see the original post CLICK HERE.


investmentwatchblog--2020-07-27--New Study Shows Just What Happens When The Earth Is 2 Degrees Warmer Than Today

They now know because the Roman period WAS 2-3 degrees warmer than today , and the civilization FLOURISHED !
Mediterranean Sea was 3.6°F hotter during the time of the Roman Empire – the warmest it has been for the past 2,000 years , study shows Roman Empire coincided with warmest period of the last 2,000 years in the Med But the climate later turned colder and likely ended the Empire ’ s golden period Scientists studied amoeba species in marine sediments to reveal climate history The Mediterranean Sea was 3.6°F ( 2°C ) hotter during the Roman Empire than other @ @ @ @ @ @ @ new study claims .
The Empire coincided with a 500-year period , from AD 1 to AD 500 , that was the warmest period of the last 2,000 years in the almost completely land-locked sea .
The climate later progressed towards colder and arid conditions that coincided with the historical fall of the Empire , scientists claim .
Spanish and Italian researchers recorded ratios of magnesium to calcite taken from skeletonized amoebas in marine sediments , an indicator of sea water temperatures , in the Sicily Channel .
They say the warmer period @ @ @ @ @ @ @ from the Roman Republic to the great Empire founded by Octavius Augustus in 27 BC .
The study offers ‘ critical information ’ to identify past interactions between climate changes and evolution of human societies and ‘ their adaptive strategies ’ .
It meets requests from the Intergovernmental Panel on Climate Change ( IPCC ) to assess the impact of historically warmer conditions between 2.7°F and 3.6°F ( 1.5°C to 2°C ) .
However , the historical warming of the Med during the Roman Empire is linked to intense solar activity , which @ @ @ @ @ @ @ gases .
There are MANY studies and ice cores that show the Roman period was over 2 degrees warmer than today .
Here is the Greenland Ice core record that shows nearly the entire last 12,000 years was warmer than today .
We have been sliding into the next glacial period after our customary 12,000 years of interglacial :

They now know because the Roman period WAS 2-3 degrees warmer than today, and the civilization FLOURISHED!
Mediterranean Sea was 3.6°F hotter during the time of the Roman Empire – the warmest it has been for the past 2,000 years, study shows
Roman Empire coincided with warmest period of the last 2,000 years in the Med
But the climate later turned colder and likely ended the Empire’s golden period
Scientists studied amoeba species in marine sediments to reveal climate history
The Mediterranean Sea was 3.6°F (2°C) hotter during the Roman Empire than other average temperatures at the time, a new study claims.
The Empire coincided with a 500-year period, from AD 1 to AD 500, that was the warmest period of the last 2,000 years in the almost completely land-locked sea.
The climate later progressed towards colder and arid conditions that coincided with the historical fall of the Empire, scientists claim.
Spanish and Italian researchers recorded ratios of magnesium to calcite taken from skeletonized amoebas in marine sediments, an indicator of sea water temperatures, in the Sicily Channel.
They say the warmer period may have also coincided with the shift from the Roman Republic to the great Empire founded by Octavius Augustus in 27 BC.
The study offers ‘critical information’ to identify past interactions between climate changes and evolution of human societies and ‘their adaptive strategies’.
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It meets requests from the Intergovernmental Panel on Climate Change (IPCC) to assess the impact of historically warmer conditions between 2.7°F and 3.6°F (1.5°C to 2°C).
However, the historical warming of the Med during the Roman Empire is linked to intense solar activity, which contrasts with the modern threat of greenhouse gases.
www.dailymail.co.uk/sciencetech/…laims.html
www.nature.com/articles/s41598-020-67281-2
There are MANY studies and ice cores that show the Roman period was over 2 degrees warmer than today. Here is the Greenland Ice core record that shows nearly the entire last 12,000 years was warmer than today. We have been sliding into the next glacial period after our customary 12,000 years of interglacial:
edmhdotme.wordpress.com/2015/06/01/the-holocene-context-for-anthropogenic-global-warming-2/
h/t Natura Naturans


investmentwatchblog--2020-07-27--The Reason Why this Oregon Football Coach got Fired will Make You FURIOUS

Collin Rugg from Trending Politics reports , A Portland , Oregon high school football coach was allegedly fired from his @ @ @ @ @ a Portland police sergeant .
Ken Duilio was recently fired as Cleveland High School football @ @ @ @ @ , the decision was made because he serves as a sergeant for the Portland Police @ @

Collin Rugg from Trending Politics reports, A Portland, Oregon high school football coach was allegedly fired from his head coaching job for being a Portland police sergeant. Ken Duilio was recently fired as Cleveland High School football coach and according to him, the decision was made because he serves as a sergeant for the Portland Police Bureau.
We are primarily funded by readers. Please subscribe and donate to support us!
Read More/Source/Credit/FairUse:
trendingpolitics.com/oregon-high-school-football-coach-allegedly-fired-for-being-a-police-sergeant/


investmentwatchblog--2020-07-27--This Video of Toddlers at a BLM Riot Will Make You BEYOND FURIOUS

Cristina Laila from The Gateway Pundit reports , Toddlers and young children were marched outside the Portland federal courthouse on @ @ @ @ @ “ f*ck the police ” on cue from adults .
One toddler raised the black @ @ @ @ @ disturbing .

Cristina Laila from The Gateway Pundit reports, Toddlers and young children were marched outside the Portland federal courthouse on Thursday carrying signs and saying “f*ck the police” on cue from adults. One toddler raised the black power fist. This is disturbing.
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Read More/Source/Credit/FairUse:
www.thegatewaypundit.com/2020/07/black-lives-matter-militants-portland-march-toddlers-children-outside-federal-courthouse-carrying-signs-saying-fck-police-video/


investmentwatchblog--2020-07-27--Round 2 of MASSIVE Layoffs Begins! Stock Market Mayhem and Why the Fed Won’t Save It.

The 2nd round of layoffs have begun .
How long until we see round 3 , 4 , 5….
?
@ @ @ @ @ , Warren Buffett , and many others have sent out warnings in their own ways @ @ @ @ @ stretched , and note that right now , economic conditions are horrible .
The disparity @ @ @ @ @ reflecting the past .
Times in which we have seen such issues often end very @ @ @ @ @ investors believe nothing can go wrong , they generally do .
But the madness eventually @ @ @ @ @ unemployment boost is gone .
So are the jobs .
The economy is in deep @ @ @ @ @ to blame – CNN Wall Street Week Ahead : Investors hedging , worry about exuberance @ @ @ @ @ – Reuters Gold Prices and Coronavirus : Rally Hint of Economy in Trouble – Bloomberg @ @ @ @ @ copper and gold prices are rising in tandem | Finance & economics | The Economist

The 2nd round of layoffs have begun. How long until we see round 3, 4, 5….?
Gary Shilling, Jeffrey Gundlach, Warren Buffett, and many others have sent out warnings in their own ways. They all see valuations stretched, and note that right now, economic conditions are horrible. The disparity in between the two are reflecting the past. Times in which we have seen such issues often end very badly. Times in which investors believe nothing can go wrong, they generally do. But the madness eventually ends.
The $600 unemployment boost is gone. So are the jobs.
www.cnbc.com/2020/07/25/the-600-unemployment-boost-is-gone-so-are-the-jobs.html
The economy is in deep trouble again. Coronavirus is to blame – CNN
www.cnn.com/2020/07/23/business/coronavirus-economy-recovery/index.html
Las Vegas Strip casinos notify staff of furloughs, layoffs | Coronavirus | fox5vegas.com
www.fox5vegas.com/coronavirus/las-vegas-strip-casinos-notify-staff-of-furloughs-layoffs/article_a5ac1bce-cc47-11ea-9a61-ef95a6c4676f.html?utm_medium=social&utm_source=twitter&utm_campaign=user-share
Larry Summers Warns U.S. Economy in Grave Danger – Bloomberg
www.bloomberg.com/news/articles/2020-07-25/summers-warns-u-s-economy-in-grave-danger-if-stimulus-lapses?sref=ZMFHsM5Z
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Wall Street Week Ahead: Investors hedging, worry about exuberance, as U.S. risks rise – Reuters
www.reuters.com/article/us-usa-stocks-weekahead/wall-street-week-ahead-investors-hedging-worry-about-exuberance-as-u-s-risks-rise-idUSKCN24P2HB
Gold Prices and Coronavirus: Rally Hint of Economy in Trouble – Bloomberg
www.bloomberg.com/news/articles/2020-07-25/the-message-behind-gold-s-rally-the-world-economy-is-in-trouble
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assets.bwbx.io/images/users/iqjWHBFdfxIU/ihpQx5bfKQyY/v2/pidjEfPlU1QWZop3vfGKsrX.ke8XuWirGYh1PKgEw44kE/1240x-1.png
Shining brightly – Unusually, copper and gold prices are rising in tandem | Finance & economics | The Economist
www.economist.com/finance-and-economics/2020/07/23/unusually-copper-and-gold-prices-are-rising-in-tandem
Everyone’s a Day Trader Now – WSJ
www.wsj.com/articles/everyones-a-day-trader-now-11595649609?mod=hp_lead_pos7


investmentwatchblog--2020-07-27--VIDEO: “Is there a Republican-led city that is having the kind of violent unrest on its streets that

VIDEO: “Is there a Republican-led city that is having the kind of violent unrest on its streets that we’re seeing in the Democrat-led cities

Seattle City Council Tells Trump They Don ’ t Want Troops to Help Law Enforcement as Unrest Continues THE RISE OF PRIVATE MILITIAS IS NOT USUALLY SEEN AS EVIDENCE OF ADVANCING CIVILIZATION : In Minneapolis , Armed Residents Set Up Patrols Amid Calls to Defund the Police : The city council approves its first permanent cuts to the police budget ; crime has surged in the past two months .
Minneapolis residents in some areas still recovering from rioting and unrest are forming community watch and security groups , some bearing firearms , to fight a surge of crime in @ @ @ @ @ @ @ in May .
At least one neighborhood has put up barricades to keep away outsiders .
The moves come as the city council on Friday approved its first permanent cuts to the police budget , amid calls to defund the department and generally lower tax revenue due to the economic strain caused by the coronavirus pandemic .
The $ 193 million police budget will be cut by $ 10 million , including making permanent some temporary spending measures—including a hiring freeze—put in place in June .
Around $ 1 million from the police @ @ @ @ @ @ @ called Cure Violence that tries to prevent things such as retaliatory shootings through community engagement .
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.
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Police say the increase in crime follows a pattern seen in Ferguson , Mo.
, and other places where there have been high-profile officer-involved deaths and protests .
Police say that , while some in the city seem to believe police have given up , officers remain on patrol throughout the city .
As riots played out across the city in late May and early June , a group of Black gun owners responded @ @ @ @ @ @ @ and patrolled the mostly African-American West Broadway business district for 10 nights , keeping the area free of looting or arson without firing a shot , said Jamil Jackson , a leader of the group called the Minnesota Freedom Fighters , which advocates for Black gun ownership .
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Council member Linea Palmisano said armed neighborhood patrols , or even efforts to just keep unfamiliar people out of a neighborhood , opens a Pandora ’ s box .
“ We are lurching for solutions , ” she said , noting she @ @ @ @ @ @ @ doing away with the police department but supports the idea of letting residents vote on it .
With the neighborhood patrols , “ you could very easily create the same things we rally against , ” she said .
In late June , residents near a commercial strip that had been looted , and the 3rd Precinct station that was abandoned and burned , were seeing a surge of shooting and drug-related crime on their block .
“ It got to the point where crime had no consequences , ” said Tania Rivera @ @ @ @ @ @ @ center with her mother .
“ It was being done deliberately out in the open .
Drive-through drug dealing , drive-through prostitution , everything from gunshots to assaults to sex out in the public .
Everything you didn ’ t want your neighborhood to look like.
” So after a number of community meetings , neighbors began constructing a barrier to close off two blocks of their street , first with trash cans , then debris .
For a while , a boat on a trailer protected one intersection .
Eventually , a @ @ @ @ @ @ @ .
Police gave their approval as long as emergency responders could get through if requested by the neighborhood .
Neighborhood men also began an armed patrol , kicking out anyone who didn ’ t belong on the block after dark .

archive.is/wip/REp9k
Related:
Seattle City Council Tells Trump They Don’t Want Troops to Help Law Enforcement as Unrest Continues
THE RISE OF PRIVATE MILITIAS IS NOT USUALLY SEEN AS EVIDENCE OF ADVANCING CIVILIZATION: In Minneapolis, Armed Residents Set Up Patrols Amid Calls to Defund the Police: The city council approves its first permanent cuts to the police budget; crime has surged in the past two months.
Minneapolis residents in some areas still recovering from rioting and unrest are forming community watch and security groups, some bearing firearms, to fight a surge of crime in the wake of the George Floyd killing in May. At least one neighborhood has put up barricades to keep away outsiders.
The moves come as the city council on Friday approved its first permanent cuts to the police budget, amid calls to defund the department and generally lower tax revenue due to the economic strain caused by the coronavirus pandemic. The $193 million police budget will be cut by $10 million, including making permanent some temporary spending measures—including a hiring freeze—put in place in June. Around $1 million from the police budget is being shifted to a program called Cure Violence that tries to prevent things such as retaliatory shootings through community engagement. . . .
Police say the increase in crime follows a pattern seen in Ferguson, Mo., and other places where there have been high-profile officer-involved deaths and protests. Police say that, while some in the city seem to believe police have given up, officers remain on patrol throughout the city.
As riots played out across the city in late May and early June, a group of Black gun owners responded to a call from the local NAACP and patrolled the mostly African-American West Broadway business district for 10 nights, keeping the area free of looting or arson without firing a shot, said Jamil Jackson, a leader of the group called the Minnesota Freedom Fighters, which advocates for Black gun ownership. . . .
Council member Linea Palmisano said armed neighborhood patrols, or even efforts to just keep unfamiliar people out of a neighborhood, opens a Pandora’s box.
“We are lurching for solutions,” she said, noting she doesn’t support the idea of doing away with the police department but supports the idea of letting residents vote on it.
With the neighborhood patrols, “you could very easily create the same things we rally against,” she said.
In late June, residents near a commercial strip that had been looted, and the 3rd Precinct station that was abandoned and burned, were seeing a surge of shooting and drug-related crime on their block.
“It got to the point where crime had no consequences,” said Tania Rivera, 30, who runs a child-care center with her mother. “It was being done deliberately out in the open. Drive-through drug dealing, drive-through prostitution, everything from gunshots to assaults to sex out in the public. Everything you didn’t want your neighborhood to look like.”
So after a number of community meetings, neighbors began constructing a barrier to close off two blocks of their street, first with trash cans, then debris. For a while, a boat on a trailer protected one intersection. Eventually, a nearby iron maker constructed a permanent gate. Police gave their approval as long as emergency responders could get through if requested by the neighborhood.
Neighborhood men also began an armed patrol, kicking out anyone who didn’t belong on the block after dark.


investmentwatchblog--2020-07-27--Jerry Nadler can Stand Upright & He Thinks Antifa Violence in Portland is a Myth…..Wow!

I ran into Jerry Nadler in DC and asked him to disavow the Antifa violence/rioting in Portland .
“ Sir @ @ @ @ @ everywhere online , ” Fletcher said as Nadler walked away .
“ There ’ s @ @ @ @ @ ’ re throwing fireworks at federal officers .
DHS is there .
Look online .
@ @ @ @ @ Nadler .
”

I ran into Jerry Nadler in DC and asked him to disavow the Antifa violence/rioting in Portland.
Democrat Jerry Nadler: Violent Antifa Riots In Portland Are ‘A Myth’
“Sir, there’s videos everywhere online,” Fletcher said as Nadler walked away. “There’s fires and riots, they’re throwing fireworks at federal officers. DHS is there. Look online. It gets crazy, Mr. Nadler.”


investmentwatchblog--2020-07-27--MSM: People in US getting packages of “jewelry” that contain mysterious seeds from China!

Residents of Utah have shared incidents of receiving small packages with Chinese writing that indicated the items as jewelry , according to FOX 13 .
These boxes actually contained unidentified seeds from China , recipients told FOX 13 .
“ I opened them up and they were seeds , ” Lori Culley of Tooele , Utah told FOX 13 .
Culley told the channel that she found the packages on Tuesday .
“ Obviously they ’ re not jewelry !
” Fox 13 confirmed that the Utah Department of Agriculture and Food will likely investigate in coordination with Customs and @ @ @ @ @ @ @ Agriculture and Consumer Services also made an announcement Friday , stating that they were aware of several residents receiving “ packages containing seeds that appear to have originated from China.
” Noting that they have not identified the nature of the seeds yet , VDACS warned it “ may be invasive plant species .
VDACS asked recipients to not plant the unsolicited seeds and report them to the Office of Plant Industry Services .
While the nature of the seeds awaits further investigation , the risk of invasive species could potentially pose a @ @ @ @ @ @ @ the Proceedings of the National Academy of Sciences looked at the global impact invasive insects and pathogens carry and showed that they could result in a multi-billion-dollar threat for agriculture around the world .

Residents of Utah have shared incidents of receiving small packages with Chinese writing that indicated the items as jewelry, according to FOX 13. These boxes actually contained unidentified seeds from China, recipients told FOX 13.
“I opened them up and they were seeds,” Lori Culley of Tooele, Utah told FOX 13. Culley told the channel that she found the packages on Tuesday. “Obviously they’re not jewelry!”
Fox 13 confirmed that the Utah Department of Agriculture and Food will likely investigate in coordination with Customs and Border Protection.
We are primarily funded by readers. Please subscribe and donate to support us!
The Virginia Department of Agriculture and Consumer Services also made an announcement Friday, stating that they were aware of several residents receiving “packages containing seeds that appear to have originated from China.” Noting that they have not identified the nature of the seeds yet, VDACS warned it “may be invasive plant species. VDACS asked recipients to not plant the unsolicited seeds and report them to the Office of Plant Industry Services.
While the nature of the seeds awaits further investigation, the risk of invasive species could potentially pose a large threat. A 2016 study by the Proceedings of the National Academy of Sciences looked at the global impact invasive insects and pathogens carry and showed that they could result in a multi-billion-dollar threat for agriculture around the world.
news.yahoo.com/people-us-receiving-packages-jewelry-200629082.html


investmentwatchblog--2020-07-27--China’s Ark of Doom Project

China’s Ark of Doom Project

“ Some scholars have published an article claiming that top officials of the Chinese Communist Party are hiding a “ @ @ @ @ @ also known as the “ Ark of Doom Project ” , which was prepared in @ @ @ @ @ overseas escape route for the top CCP leaders after the collapse of the regime , @ @ @ @ @ 10 Trillion USD in assets overseas for this purpose.
” A Chinese commentator wrote : @ @ @ @ @ that there is a shipwreck plan hidden by the rich and powerful .
Forcibly demolishing @ @ @ @ @ money externally to please , tighten the belts of the people of the whole country @ @ @ @ @ resources , fully assisting foreign countries and making friends with friends .
It turned out @ @ @ @ @ and powerful to prepare living conditions , establish diplomatic relations and build new foreign countries @ @ @ @ @ It turned out to be using people ’ s money to pave way for themselves.. @ @ @ @ @ video with some good articles on it .

“Some scholars have published an article claiming that top officials of the Chinese Communist Party are hiding a “sinking ship plan”, also known as the “Ark of Doom Project” , which was prepared in the early 1990s as an overseas escape route for the top CCP leaders after the collapse of the regime, and transferred up to $10 Trillion USD in assets overseas for this purpose.”
A Chinese commentator wrote:
“I have always believed that there is a shipwreck plan hidden by the rich and powerful. Forcibly demolishing and plundering internally, spreading money externally to please, tighten the belts of the people of the whole country, raising the nations financial resources, fully assisting foreign countries and making friends with friends. It turned out to be for the rich and powerful to prepare living conditions, establish diplomatic relations and build new foreign countries, then good immigration. It turned out to be using people’s money to pave way for themselves..”
Here’s another video with some good articles on it.
We are primarily funded by readers. Please subscribe and donate to support us!
www.theepochtimes.com/did-chinas-plan-to-destroy-the-united-states-backfire_3223117.html
AC


investmentwatchblog--2020-07-27--California authorities are threatening to shut off churches water & power, unless they comply w/ loc

California authorities are threatening to shut off churches water & power , unless they comply w/ lockdown orders & stay @ @ @ @ @ of Grace Community Church fought back & said : `` Christians will not bow to @ @ @ @ @ riots but not churches .
Sick !

California authorities are threatening to shut off churches water & power, unless they comply w/ lockdown orders & stay shut.
Pastor John MacArthur of Grace Community Church fought back & said: "Christians will not bow to oppression."
Gavin allows riots but not churches. Sick!
— DeAnna Lorraine 🇺🇸 (@DeAnna4Congress) July 26, 2020


investmentwatchblog--2020-07-27--ANOTHER TRUMP PUBLIC HEALTH TRIUMPH: Trump’s Executive Order Will Drop the Price of Insulin Down to

ANOTHER TRUMP PUBLIC HEALTH TRIUMPH: Trump’s Executive Order Will Drop the Price of Insulin Down to Pennies a Day.

President Donald Trump signed four executive orders on Friday aimed at lowering the cost of prescription drugs , the first of which , he says , will lead to the cost of insulin dropping to “ just pennies a day.
” “ The four orders I ’ m signing today will be on the prescription drug market in terms of pricing and everything else to make these medications affordable and accessible for all Americans .
The first order will require federal community health centers to pass the giant discounts they received from drug companies on insulin and EpiPens directly to @ @ @ @ @ @ @ so expensive people weren ’ t able to use it .
They desperately needed it , ” he said .
“ We have it to a level that you ’ re not going to believe .
EpiPens – likewise you have been hearing horrible stories about EpiPens over the last six or seven years , horrible , horrible , horrible increases for where they went to almost nothing to massive amounts of money .
We ’ re changing that right now , ” the president said .
“ These providers should not be @ @ @ @ @ @ @ poorest patients massive full prices .
Under this order , the price of insulin for affected patients will come down to just pennies a day , pennies a day from numbers that you weren ’ t even able to think about .
It ’ s a massive cost savings , ” Trump added .
The second executive order “ will allow states , wholesalers , and pharmacies to do something other politicians have promised for decades and decades but never done .. allow the safe and legal importation of prescription drugs from Canada @ @ @ @ @ @ @ the identical drug is incredibly lower.
” “ It is a difference like you would not believe – 70 % , 80 % , 90 % .
30 % – but massively lower than the identical drug made in the same plant , same factory , same exact drug , same everything , same box , same pill , and yet , it ’ s 50 , 60 , 70 % lower , ” the president said .
He said Americans pay on average “ three times more for medicine than Canadians .

via cnsnews:
President Donald Trump signed four executive orders on Friday aimed at lowering the cost of prescription drugs, the first of which, he says, will lead to the cost of insulin dropping to “just pennies a day.”
“The four orders I’m signing today will be on the prescription drug market in terms of pricing and everything else to make these medications affordable and accessible for all Americans. The first order will require federal community health centers to pass the giant discounts they received from drug companies on insulin and EpiPens directly to their patients. You know insulin became so expensive people weren’t able to use it. They desperately needed it,” he said.
“We have it to a level that you’re not going to believe. EpiPens – likewise you have been hearing horrible stories about EpiPens over the last six or seven years, horrible, horrible, horrible increases for where they went to almost nothing to massive amounts of money. We’re changing that right now,” the president said.
“These providers should not be receiving discounts for themselves while charging their poorest patients massive full prices. Under this order, the price of insulin for affected patients will come down to just pennies a day, pennies a day from numbers that you weren’t even able to think about. It’s a massive cost savings,” Trump added.
The second executive order “will allow states, wholesalers, and pharmacies to do something other politicians have promised for decades and decades but never done .. allow the safe and legal importation of prescription drugs from Canada and other countries where the price for the identical drug is incredibly lower.”
“It is a difference like you would not believe – 70%, 80%, 90%. 30% – but massively lower than the identical drug made in the same plant, same factory, same exact drug, same everything, same box, same pill, and yet, it’s 50, 60, 70% lower,” the president said.
He said Americans pay on average “three times more for medicine than Canadians.


investmentwatchblog--2020-07-27--FOLLOW THE MONEY… OUT OF NEW YORK:

FOLLOW THE MONEY… OUT OF NEW YORK:

It ’ s interesting to watch idiot politicians set out to destroy a city .
In fairness , the idiot politicians were elected by idiot voters , so , we must conclude that these voters are getting what they voted for .
Being of less than surpassing intelligence , they vote for the political party that promises to support and care for them .
And they discover that the very same political party believes that the best way to do it is through higher taxes on the rich .
Since they are not rich they are all for taxing other @ @ @ @ @ @ @ start fleeing the high tax state , the voters who believed that they had voted themselves a living suddenly discover that the goose has stopped laying the golden eggs .
So , naturally , they blame Donald Trump .
Anyway , the Zero Hedge blog has offered two recent stories on a slightly arcane issue : taxing stock transactions .
You see , in many stock markets around the world , the local government takes a tiny piece of every transaction .
Obviously , when you have billions of stock trades , those @ @ @ @ @ @ @ .
New York State does not do so because some four decades ago the stock exchange threatened to move out of the city .
Now , with New York ’ s tax base shrinking and the city and state being in the hands of idiot politicians , the idea is rising from the dead .

via stuartschneiderman:
It’s interesting to watch idiot politicians set out to destroy a city. In fairness, the idiot politicians were elected by idiot voters, so, we must conclude that these voters are getting what they voted for.
Being of less than surpassing intelligence, they vote for the political party that promises to support and care for them. And they discover that the very same political party believes that the best way to do it is through higher taxes on the rich. Since they are not rich they are all for taxing other people. But then when the rich start fleeing the high tax state, the voters who believed that they had voted themselves a living suddenly discover that the goose has stopped laying the golden eggs. So, naturally, they blame Donald Trump.
QED
Anyway, the Zero Hedge blog has offered two recent stories on a slightly arcane issue: taxing stock transactions. You see, in many stock markets around the world, the local government takes a tiny piece of every transaction. Obviously, when you have billions of stock trades, those tiny pieces end up being real money. New York State does not do so because some four decades ago the stock exchange threatened to move out of the city.
Now, with New York’s tax base shrinking and the city and state being in the hands of idiot politicians, the idea is rising from the dead.


investmentwatchblog--2020-07-27--ROGER SIMON: Whirlwind: It Will Be Worse for Democrats If They Win.

One thing that will not be happening is conditions in the country getting better .
Biden ’ s economic plans , heavily under the influence of AOC and others from his left he seems terrified of confronting , will only make things worse .
In a short while , the radical groups will be back in the streets again , demanding changes that can never be satisfied short of revolution—and even then , if history is any guide , will continue on Robespierre-style into oblivion .
Critical race theory—again with ninety-nine percent not knowing what the hell it is—will reign @ @ @ @ @ @ @ will unfairly be accused of racism and punished severely , in a way eerily similar to what happened to Evgenia Ginzberg for being called a “ Trotskyist.
” The limousine liberals of Brentwood , Calif. or Malibu who backed Biden so adamantly , whether as a last resort or not , will be starting to sweat .
The revolution will be coming for them .
How could they not have known ?
DIdn ’ t they see “ Dr .
Zhivago ” ?
Some of them may even have helped make it .
@ @ @ @ @ @ @ ’ s Hollywood . )
If you think things are bad now , just wait .

via theepochtimes:
One thing that will not be happening is conditions in the country getting better. Biden’s economic plans, heavily under the influence of AOC and others from his left he seems terrified of confronting, will only make things worse.
In a short while, the radical groups will be back in the streets again, demanding changes that can never be satisfied short of revolution—and even then, if history is any guide, will continue on Robespierre-style into oblivion.
Critical race theory—again with ninety-nine percent not knowing what the hell it is—will reign, dividing us even more. Many will unfairly be accused of racism and punished severely, in a way eerily similar to what happened to Evgenia Ginzberg for being called a “Trotskyist.”
The limousine liberals of Brentwood, Calif. or Malibu who backed Biden so adamantly, whether as a last resort or not, will be starting to sweat. The revolution will be coming for them.
How could they not have known? DIdn’t they see “Dr. Zhivago”? Some of them may even have helped make it. (Well, maybe not in today’s Hollywood.)
If you think things are bad now, just wait.


investmentwatchblog--2020-07-27--WAIT, FOR MONTHS THE PRESS WAS TELLING ME THAT BORIS JOHNSON’S INCOMPETENCE MEANT EVERYONE WAS GOING

WAIT, FOR MONTHS THE PRESS WAS TELLING ME THAT BORIS JOHNSON’S INCOMPETENCE MEANT EVERYONE WAS GOING TO DIE:

The U.K. ’ s Response to Covid-19 Has Been World-Class : One country has done more than any other to @ @ @ @ @ coronavirus .
In sum , the best life-saving medicine and the best candidate vaccine both @ @ @ @ @ sure , there might be some elements of coincidence here , but the same can @ @ @ @ @ effective public-health responses as well .
By the way , if you are looking for @ @ @ @ @ the race to fight Covid-19 , the most plausible answer is the U.S. , which @ @ @ @ @ remdesivir and is working on a broad array of vaccine candidates , with generally promising @ @ @ @ @ of them is as far along as the work at Oxford .
The U.S. may @ @ @ @ @ overall contributions , but as of mid-July in per capita terms the British are the @ @ @ @ @

The U.K.’s Response to Covid-19 Has Been World-Class: One country has done more than any other to stop the spread of the coronavirus.
In sum, the best life-saving medicine and the best candidate vaccine both come from the U.K. For sure, there might be some elements of coincidence here, but the same can be said for the more effective public-health responses as well.
By the way, if you are looking for the second leading candidate in the race to fight Covid-19, the most plausible answer is the U.S., which has produced the useful antiviral remdesivir and is working on a broad array of vaccine candidates, with generally promising results, even if none of them is as far along as the work at Oxford. The U.S. may yet pass the U.K. for overall contributions, but as of mid-July in per capita terms the British are the winners by a landslide.


investmentwatchblog--2020-07-27--You’ll loose your children if you send them back to school.

Damn , I never even thought of that , but she ’ s right !

www.tiktok.com/@woltkamp23/video/6852704789512408326
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Damn, I never even thought of that, but she’s right!
LG


investmentwatchblog--2020-07-27--WHAT COULD GO WRONG? If You Thought ‘Defund the Police’ Was Insane You’ll Love ‘Abolish Prisons’ in

WHAT COULD GO WRONG? If You Thought ‘Defund the Police’ Was Insane You’ll Love ‘Abolish Prisons’ in Seattle.

You would think after the insanity that was CHAZ/CHOP , Seattle might have taken a hard look at their relationship with law and order .
You would be wrong .
Seattle is in King County , and the County Executive ’ s Office is moving ahead with plans to “ abolish prisons.
” A leaked email published by Christopher F. Rufo , contributing editor at City Journal , shows active plans to reduce both adult and juvenile detention and close the county jail in Seattle .
The juvenile detention center would be converted to house other programs by 2025 .
@ @ @ @ @ @ @ eliminate 60 % of the county ’ s jail capacity .
Meanwhile , Seattle ’ s City Council has majority support—at least seven of the nine members—to slash the police department budget by 50 % .
Mayor Jenny Durkan has said she would veto this drastic cut , supporting Police Chief Carmen Best .
Durkan has committed to cutting $ 76 million of the $ 400 million budget , ” however .
Oddly , the “ Summer of Love ” mayor may be the only bulwark against complete insanity .
Rolfe has posted @ @ @ @ @ @ @ s office .
They appear to be for training or other meetings to discuss dismantling the criminal justice system .
The woke county leaders would probably call it “ reimagining ” criminal justice .
Others may call it managing a descent into chaos .
The ideas In the document are based on the same horrible ideas as the City of Seattle ’ s new employee training .
The systemic racism , white supremacy , and critical race theory that permeated training , given only to white employees , scream through these plans as @ @

via pjmedia:
You would think after the insanity that was CHAZ/CHOP, Seattle might have taken a hard look at their relationship with law and order. You would be wrong.
Seattle is in King County, and the County Executive’s Office is moving ahead with plans to “abolish prisons.” A leaked email published by Christopher F. Rufo, contributing editor at City Journal, shows active plans to reduce both adult and juvenile detention and close the county jail in Seattle. The juvenile detention center would be converted to house other programs by 2025. According to Rufo, this plan will eliminate 60% of the county’s jail capacity.
Meanwhile, Seattle’s City Council has majority support—at least seven of the nine members—to slash the police department budget by 50%. Mayor Jenny Durkan has said she would veto this drastic cut, supporting Police Chief Carmen Best. Durkan has committed to cutting $76 million of the $400 million budget,” however. Oddly, the “Summer of Love” mayor may be the only bulwark against complete insanity.
Rolfe has posted more documents from the County Executive’s office. They appear to be for training or other meetings to discuss dismantling the criminal justice system. The woke county leaders would probably call it “reimagining” criminal justice. Others may call it managing a descent into chaos.
The ideas In the document are based on the same horrible ideas as the City of Seattle’s new employee training. The systemic racism, white supremacy, and critical race theory that permeated training, given only to white employees, scream through these plans as well.


investmentwatchblog--2020-07-27--“Peaceful demonstration intensified.” George Orwell would be impressed by the level of gaslighting.

NO ENEMIES TO THE LEFT : “ Peaceful demonstration intensified.
” George Orwell would be impressed by the level of gaslighting .
Speaking of which : After 59 Days of Riots in Portland , ABC Claims ‘ Weeks ’ Since Protests Were Violence .
As NewsBusters has extensively documented , the broadcast newscasts have done everything they could to downplay and cover-up the extreme leftist violence at protests happening in cities across the country .
But during ABC ’ s Good Morning America on Sunday , the network , via correspondent Janai Norman , attempted some revisionist history , claiming @ @ @ @ @ @ @ protests had turned violent .
Norman ’ s lie came just as she was wrapping up her report , falsely telling viewers : “ And no one seriously injured in that shooting at that protest in Colorado .
But it ’ s been weeks we have seen protests like these turn violent in multiple cities around the country , as we have this weekend.
” Not only has it not been “ weeks ” since protests turned violent , but it also hasn ’ t been “ weeks ” since there has been @ @ @ @ @ @ @ same time .
While there has been violence in Portland for 59 days , last week saw riots in Seattle targeting local businesses , which the broadcast networks ( ABC , CBS , and NBC ) blacked out and hid from viewers .
And two weeks ago , ABC actually noted ( though only briefly ) that Black Lives Matter assaulted New York City police officers ( including the chief of police ) during a peaceful , interfaith march to support law enforcement .
MOSTLY PEACEFUL : Austin Protest Turns Deadly ; One @ @ @ @ @ @ @ with knowledge of the events that transpired Saturday night , the protesters surrounded the wrong car .
The driver was armed , as is legal in Texas , and fired when the man with the rifle approached the driver ’ s car and pointed his gun at the car window.
” Well , stay tuned , but blocking streets and threatening motorists is a violent act , and it is dangerous for all concerned .
It ’ s malpractice for police to allow this to happen .
Possibly related : Black militia member @ @ @ @ @ @ @ with Three Percenters in Louisville .
PRETTY MUCH SETTING THINGS UP FOR TRUMP TO INVOKE THE INSURRECTION ACT IF HE WANTS TO : Police Tell Business Owners in Seattle ‘ You ’ re On Your Own.
’ Radio host mocks Trump by claiming Seattle is peaceful , then rioters torched his apartment building .

NO ENEMIES TO THE LEFT:
“Peaceful demonstration intensified.” George Orwell would be impressed by the level of gaslighting.
Speaking of which: After 59 Days of Riots in Portland, ABC Claims ‘Weeks’ Since Protests Were Violence.
As NewsBusters has extensively documented, the broadcast newscasts have done everything they could to downplay and cover-up the extreme leftist violence at protests happening in cities across the country. But during ABC’s Good Morning America on Sunday, the network, via correspondent Janai Norman, attempted some revisionist history, claiming it had been “weeks” since protests had turned violent.
Norman’s lie came just as she was wrapping up her report, falsely telling viewers: “And no one seriously injured in that shooting at that protest in Colorado. But it’s been weeks we have seen protests like these turn violent in multiple cities around the country, as we have this weekend.”
Not only has it not been “weeks” since protests turned violent, but it also hasn’t been “weeks” since there has been protest-linked violence in multiple cities at the same time.
While there has been violence in Portland for 59 days, last week saw riots in Seattle targeting local businesses, which the broadcast networks (ABC, CBS, and NBC) blacked out and hid from viewers. And two weeks ago, ABC actually noted (though only briefly) that Black Lives Matter assaulted New York City police officers (including the chief of police) during a peaceful, interfaith march to support law enforcement.