investmentwatchblog--2020-09-07--California heat wave at DANGER levels!! “Kiln-like!!” hundreds evacuated by air due to wildfires!

Sunday will be one of the hottest days in recent memory across much of California , the day after scorching temperatures set scores of records and intensified destructive wildfires erupting in the state .
Heat and red flag warnings are in effect statewide into the coming week as the heat will continue to fuel the fires already burning and could cause any new blazes to rapidly grow out of control .
The most serious wildfire situation developed with the Creek Fire in the Sierra National Forest , about 290 miles north of Los Angeles , which was first detected Friday @ @ @ @ @ @ @ 45,500 acres by Sunday morning .
That fire trapped about 1,000 people near Mammoth Pool reservoir as flames crossed the San Joaquin River , including about 150 people who became stranded at a boat launch , the Associated Press reported .
An intense heat wave broiled large swaths of California this Labor Day weekend , shattering numerous records , causing thousands to lose power and fueling several brush fires that were threatening communities from Yucaipa to the Sierra foothills .
Forecasters had predicted historic high temperatures , and they were proved right .
@ @ @ @ @ @ @ and a few appeared to record all-time highs , according to the National Weather Service .
In Woodland Hills , the mercury climbed to 117 degrees by 3 p.m. , making it the hottest day ever recorded there in September , breaking the record of 115 set in 1979 .
Burbank reached 113 , tying its monthly record set in 1971 .
Van Nuys hit 115 .
The mercury soared even higher to the east , with Palm Springs hitting 122 and Indio 121 .
Officials said at least three areas tied or @ @ @ @ @ @ @ 113 ) , El Cajon ( 114 ) and Idyllwild ( 103 ) .
The weather service said Burbank appeared to tie an all-time record at 114 degrees .
www.latimes.com/california/story/2020-09-05/heres-where-record-breaking-heat-is-forecastFast Spreading Valley Fire Prompts Evacuations In Japatul Valley Evacuations were ordered for the Carveacre and Lawson communities ; the fire burned 1,000 acres in two hours .
….morning for the Shaver Lake area , from Shaver Lake to Littlefield Road , as the Creek Fire continued to burn through foothill and mountain brush in eastern Fresno and Madera counties .
Read more here @ @ @ @ @ @ @ Here ’ s full list of orders in California ’ s Creek Fire 10:20 P.M. : BLACKHAWK HELICOPTERS LANDING AT FAT The Fresno Fire Department PIO said 10 of its units and one Clovis Fire Department engine are at Fresno Yosemite International Airport awaiting a possible 63 injured patients being flown from Mammoth Pool Reservoir area because of the Creek Fire .
Of the 63 patients , the department said 20 are in potentially critical condition .
The fire department units will take patients to Fresno-area hospitals .
121℉ : Weather service records @ @ @ @ @ @ @ !
California grid operator warns of rotating power outages in record heat wave…

Sunday will be one of the hottest days in recent memory across much of California, the day after scorching temperatures set scores of records and intensified destructive wildfires erupting in the state.
Heat and red flag warnings are in effect statewide into the coming week as the heat will continue to fuel the fires already burning and could cause any new blazes to rapidly grow out of control.
The most serious wildfire situation developed with the Creek Fire in the Sierra National Forest, about 290 miles north of Los Angeles, which was first detected Friday night and rapidly grew to at least 45,500 acres by Sunday morning.
That fire trapped about 1,000 people near Mammoth Pool reservoir as flames crossed the San Joaquin River, including about 150 people who became stranded at a boat launch, the Associated Press reported.
www.washingtonpost.com/weather/2020/09/06/california-wildfires-heat-wave/
An intense heat wave broiled large swaths of California this Labor Day weekend, shattering numerous records, causing thousands to lose power and fueling several brush fires that were threatening communities from Yucaipa to the Sierra foothills.
Forecasters had predicted historic high temperatures, and they were proved right. Dozens of communities set records Saturday, and a few appeared to record all-time highs, according to the National Weather Service.
In Woodland Hills, the mercury climbed to 117 degrees by 3 p.m., making it the hottest day ever recorded there in September, breaking the record of 115 set in 1979. Burbank reached 113, tying its monthly record set in 1971. Van Nuys hit 115.
The mercury soared even higher to the east, with Palm Springs hitting 122 and Indio 121. Officials said at least three areas tied or topped all-time record highs: Alpine (113), El Cajon (114) and Idyllwild (103). The weather service said Burbank appeared to tie an all-time record at 114 degrees.
www.latimes.com/california/story/2020-09-05/heres-where-record-breaking-heat-is-forecastFast Spreading Valley Fire Prompts Evacuations In Japatul Valley
Evacuations were ordered for the Carveacre and Lawson communities; the fire burned 1,000 acres in two hours.
patch.com/california/santee/alpine-fire-prompts-evacuations-spreads-dangerous-rate
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….morning for the Shaver Lake area, from Shaver Lake to Littlefield Road, as the Creek Fire continued to burn through foothill and mountain brush in eastern Fresno and Madera counties.
Read more here: Shaver Lake under mandatory evacuation. Here’s full list of orders in California’s Creek Fire
10:20 P.M.: BLACKHAWK HELICOPTERS LANDING AT FAT
The Fresno Fire Department PIO said 10 of its units and one Clovis Fire Department engine are at Fresno Yosemite International Airport awaiting a possible 63 injured patients being flown from Mammoth Pool Reservoir area because of the Creek Fire. Of the 63 patients, the department said 20 are in potentially critical condition.
The fire department units will take patients to Fresno-area hospitals.
www.fresnobee.com/news/california/fires/article245516945.html
CALIFORNIA FIRES LIVE COVERAGE: Creek Fire, Bobcat Fire, Valley Fire, El Dorado Fire
121℉: Weather service records hottest temperature on record in LA County!
California grid operator warns of rotating power outages in record heat wave…
Massive Sierra fire traps people at popular reservoir…
Military Choppers Rescue Hundreds..
h/t DMG


investmentwatchblog--2020-09-07--Over Half Of All Young Adults Are Living With Their Parents – Highest Level In Modern American Histo

Over Half Of All Young Adults Are Living With Their Parents – Highest Level In Modern American History

As the chaotic events of 2020 have unfolded , large numbers of young people have moved back in with their parents , and this has pushed the percentage of Americans in the 18 to 29-year-old age bracket that live with their parents to the highest level ever recorded .
Without a doubt , the collapse of the economy has hit young adults particularly hard .
About 59 million Americans have filed for unemployment over the past 24 weeks , and low wage workers have been disproportionally affected by this tsunami of job losses .
Needless to say , young adults @ @ @ @ @ @ @ our low wage workers , and now that really tough times have hit a lot of them are being forced to fall back on their mothers and their fathers for support .
According to a brand new report that was just put out by the Pew Research Center , 52 percent of all young adults in this country are now living with their parents… For purposes of this report , Pew defined a “ young adult ” as anyone that is in the 18 to 29-year-old age bracket .
At this point , @ @ @ @ @ @ @ their parents .
We have never seen a number this high , although Pew suspects that the level may have been higher during the Great Depression of the 1930s… In any event , what we are witnessing right now is extremely alarming .
Many tend to think of young people that live with their parents as lazy or unproductive , but that is not necessarily the case .
Many of them were working extremely hard to make it on their own , and as Jeremy Sopko has pointed out , “ nobody wants @ @ @ @ @ @ @ and dad ” … And many parents may not be too thrilled to have their adult children living at home either .
But at this point we need to realize that times have fundamentally changed .
As economic conditions become even rougher , we are going to increasingly see situations where multiple generations are living under one roof , and there is nothing wrong with that .
Having each generation live separately in different homes is a relatively modern phenomenon , and it has been made possible by our incredible affluence .
But @ @ @ @ @ @ @ survival is going to take precedence over convenience .
All over the nation , family is going to have to take care of family .
None of us can possibly take care of everyone out there that is hurting , but if we all take care of our family members that will make a tremendous difference .
If you have a home , you are going to need to be prepared to take in members of your family and extended family that fall on rough times .
If you don ’ t have @ @ @ @ @ @ @ be humble enough to ask other members of your family or extended family for help if you need it .
I know that a lot of people may not like what I am suggesting , but we have to realize that the old rules don ’ t apply anymore .
We are in the middle of the worst economic collapse in modern times , and things are going to get much , much worse .
Already , some of the economic numbers that we are seeing are hard to believe because they are @ @ @ @ @ @ @ is now being projected that 63 percent of all restaurants in New York are “ likely to close by the end of the year ” … How bad do things have to get before the economic optimists will admit that we have a complete and utter economic disaster on our hands ?
And the civil unrest that is plaguing major cities all over the country just continues to roll on .
On Sunday , President Trump tweeted out a video of a rioter in Portland that accidentally set himself on fire with a @ @ @ @ @ @ @ civil unrest that I have been warning about for years , and now it is here .
There have been violent protests in Portland for 100 nights in a row , and that streak isn ’ t going to end any time soon .
And now the presidential election is less than two months away , and many fear that this will take things to an entirely new level .
If you would like to read my analysis of what is potentially ahead , please see my recent article entitled “ Why We @ @ @ @ @ @ @ Modern American History No Matter Who Ends Up Winning ” .
Things are going to get really nuts in the months ahead , and there will be no going back to the way that things were before .
When things get really difficult for you personally , you may need to move in with your parents or other members of your extended family .
On other other hand , if you are in good shape financially you may need to be the one that takes in members of your family or extended family @ @ @ @ @ @ @ is not going to be easy , and we are all going to need someone to lean on at some point .

by Michael Snyder
As the chaotic events of 2020 have unfolded, large numbers of young people have moved back in with their parents, and this has pushed the percentage of Americans in the 18 to 29-year-old age bracket that live with their parents to the highest level ever recorded. Without a doubt, the collapse of the economy has hit young adults particularly hard. About 59 million Americans have filed for unemployment over the past 24 weeks, and low wage workers have been disproportionally affected by this tsunami of job losses. Needless to say, young adults traditionally make up a large chunk of our low wage workers, and now that really tough times have hit a lot of them are being forced to fall back on their mothers and their fathers for support. According to a brand new report that was just put out by the Pew Research Center, 52 percent of all young adults in this country are now living with their parents…
A new report by the Pew Research Center found that a majority of young adults — 52% — lived with one or both of their parents in July. Pew’s analysis of monthly Census Bureau data notes that this is higher than any previous measurement.
For purposes of this report, Pew defined a “young adult” as anyone that is in the 18 to 29-year-old age bracket.
At this point, 26.6 million young people are living with their parents. We have never seen a number this high, although Pew suspects that the level may have been higher during the Great Depression of the 1930s…
“Before 2020, the highest measured value was in the 1940 census at the end of the Great Depression, when 48% of young adults lived with their parents,” says the report, published Friday. “The peak may have been higher during the worst of the Great Depression in the 1930s, but there is no data for that period.”
In any event, what we are witnessing right now is extremely alarming.
Many tend to think of young people that live with their parents as lazy or unproductive, but that is not necessarily the case. Many of them were working extremely hard to make it on their own, and as Jeremy Sopko has pointed out, “nobody wants to be living at home with mom and dad”…
‘For the most part, nobody wants to be living at home with mom and dad,’ Jeremy Sopko, CEO of Nations Lending Corporation, a mortgage lender told the Huffington Post. ‘It’s a difficult situation that’s been exacerbated by the pandemic and it may take years, if not the better part of a decade, for younger demographics to recover and be financially stable enough to leave home.’
And many parents may not be too thrilled to have their adult children living at home either.
But at this point we need to realize that times have fundamentally changed.
As economic conditions become even rougher, we are going to increasingly see situations where multiple generations are living under one roof, and there is nothing wrong with that. Having each generation live separately in different homes is a relatively modern phenomenon, and it has been made possible by our incredible affluence. But as the economy continues to collapse, survival is going to take precedence over convenience.
All over the nation, family is going to have to take care of family. None of us can possibly take care of everyone out there that is hurting, but if we all take care of our family members that will make a tremendous difference.
If you have a home, you are going to need to be prepared to take in members of your family and extended family that fall on rough times.
If you don’t have a home, you will need to be humble enough to ask other members of your family or extended family for help if you need it.
I know that a lot of people may not like what I am suggesting, but we have to realize that the old rules don’t apply anymore.
We are in the middle of the worst economic collapse in modern times, and things are going to get much, much worse.
We are primarily funded by readers. Please subscribe and donate to support us!
Already, some of the economic numbers that we are seeing are hard to believe because they are so bad.
For example, it is now being projected that 63 percent of all restaurants in New York are “likely to close by the end of the year”…
On Thursday, the New York State Restaurant Association published the results of a survey that found the state’s restaurants are in need of financial support from the government after months of closures during the coronavirus pandemic. According to the survey, 63.6% of restaurants in New York said they are “likely to close by the end of the year” without a relief package and only 36.4 percent said they are “likely or somewhat likely to remain open.”
63 percent.
How bad do things have to get before the economic optimists will admit that we have a complete and utter economic disaster on our hands?
And the civil unrest that is plaguing major cities all over the country just continues to roll on.
On Sunday, President Trump tweeted out a video of a rioter in Portland that accidentally set himself on fire with a Molotov cocktail…
President Donald Trump ridiculed ongoing protests in Portland by tweeting a video of an activist accidentally setting himself on fire with a Molotov cocktail. ‘These are the Democrats “peaceful protests”. Sick!’ Trump panned on Sunday as he retweeted a clip of the activist and fellow protesters desperately trying to extinguish the blaze engulfing his pants.
This is the kind of civil unrest that I have been warning about for years, and now it is here.
There have been violent protests in Portland for 100 nights in a row, and that streak isn’t going to end any time soon.
And now the presidential election is less than two months away, and many fear that this will take things to an entirely new level. If you would like to read my analysis of what is potentially ahead, please see my recent article entitled “Why We Are Facing The Biggest Election Nightmare In Modern American History No Matter Who Ends Up Winning”.
Things are going to get really nuts in the months ahead, and there will be no going back to the way that things were before.
When things get really difficult for you personally, you may need to move in with your parents or other members of your extended family.
On other other hand, if you are in good shape financially you may need to be the one that takes in members of your family or extended family.
Making it through what is ahead is not going to be easy, and we are all going to need someone to lean on at some point.


investmentwatchblog--2020-09-06--The Battle of the Presidential Campaign Logos

Every four years Democrats and Republicans produce banners that succinctly proclaim the mission of each party ’ s standard bearers .
The banners are ubiquitous and form the backdrop for each candidate ’ s rally or news conference .
The signs will be planted on lawns across America and outside every polling place .
Let ’ s take a closer look at the campaign logos to see what , if anything , they tell us about the candidates and their campaigns .
The Trump logo boldly proclaims the last names on the 2020 Republican ticket ; i.e.
, President Donald @ @ @ @ @ @ @ The logo has white lettering on a dark blue field within a red border , proudly reflecting the colors of the U.S. flag .
Every letter of the name “ TRUMP ” is capitalized , as is the name of his running mate “ PENCE ” albeit in a somewhat smaller font .
Below the names “ TRUMP ” and “ PENCE ” is their motto in an even smaller font , “ Keep America Great !
” At the top of the logo is five stars , reflecting the stars on the @ @ @ @ @ @ @ At the bottom of the logo is the year 2020 .
The logo is balanced and has a business-like appearance , not unlike a businessman dressed in a blue serge suit , white shirt , and a red tie .
The Biden logo presents the last names on the 2020 Democratic ticket ; i.e.
, former Vice President Joe Biden and Senator Kamala Harris .
The logo is presented on a medium blue field with predominantly white lettering and no special border .
At the top of the Biden logo is the motto @ @ @ @ @ @ @ followed by the names BIDEN and HARRIS with the year 2020 indicated at the bottom .
The word BETTER is printed with light blue lettering .
Biden ’ s name has a slightly smaller font than the word BETTER directly above it .
The letter “ E ” in Biden ’ s name is colored red instead of white , thus obliquely incorporating the colors of the U.S. flag in the logo .
The name of Biden ’ s running mate , HARRIS , is in smaller font because her name has six @ @ @ @ @ @ @ Biden ’ s name .
The logo has two words across the top line followed by single words on the following lines as the logo approaches the date at the bottom .
The logo has no punctuation marks for emphasis , nor does it have a special border .
The Trump logo is very similar to one used in his successful 2016 presidential bid .
The red , white and blue colors are the same as is Trump ’ s name at the top of banner , followed by Pence and the campaign @ @ @ @ @ @ @ “ Keep America Great !
” which is a logical progression from the 2016 motto “ Make America Great Again !
” The intention is to continue and build on the achievements of Trump ’ s first term .
The logo is balanced and direct in a businesslike manner .
The Biden logo appears top-heavy with a somewhat confusing motto at the top .
Normally , one would expect the name of the party ’ s presidential candidate to appear at the top of the banner .
The motto , BUILD BACK BETTER @ @ @ @ @ @ @ points for alliteration , but it assumes that an observer knows what is intended to be built back .
Apparently , whatever will be built back will be done so in better way , as noted by the slightly larger font and light blue color used for the word BETTER .
Other than adding a splash of the patriotic color red in the logo , the stylized letter “ E ” in Biden ’ s name tends to unbalance the appearance of the sign by skewing it to the right .
Campaign logos @ @ @ @ @ @ @ country during an election season .
As such , a logo should be carefully designed and self-explanatory , if it is to achieve its objective successfully .
Based on this criterion , the Trump logo is more intelligently conceived than the Biden logo .
Its message KEEP AMERICA GREAT !
is simple to understand and follows up on the promise Trump made before his first term to MAKE AMERICA GREAT AGAIN !
The sign uses simple red , white and blue colors punctuated by five stars at the top .
It is balanced @ @ @ @ @ @ @ logo , on the other hand , is relatively unbalanced and confusing .
The motto , BUILD BACK BETTER , appears muddled and lacks clarity .
What is intended to be built back ?
Why isn ’ t Biden ’ s name at the top of the banner ?
Four colors are used on the banner : blue , light blue , white , and red .
Three colors , as in the Trump logo , should have sufficed and would have made the Biden sign visually less busy .
The logo ’ @ @ @ @ @ @ @ line to the bottom line like an inverted pyramid .
This inherent instability makes it less appealing to viewers than the Trump sign , which is more balanced horizontally from top to bottom .
Putting Biden ’ s name in the middle of the logo instead of the top doesn ’ t help matters .
Frankly , for ardent supporters of a candidate , logos are simply campaign paraphernalia to be displayed the same way a baseball fan wears a cap or a shirt with the home team ’ s insignia .
But @ @ @ @ @ @ @ a certain candidate , a logo will make an impression on them whether they realize it or not .
In short ( pun intended ) , a logo is a visual sound bite about a candidate .
A logo is analogous to a tweet , which is perfect for people with short attention spans .
But the message a logo sends subliminally might make a greater and longer impression than that which meets the eye .
A campaign logo is effective , if it quickly captures the attention of potential voters by transmitting @ @ @ @ @ @ @ clear simple manner .
On this basis , Trump ’ s logo is a winner whereas Biden ’ s logo falls short of the mark .

By LV
Every four years Democrats and Republicans produce banners that succinctly proclaim the mission of each party’s standard bearers. The banners are ubiquitous and form the backdrop for each candidate’s rally or news conference. The signs will be planted on lawns across America and outside every polling place.
Let’s take a closer look at the campaign logos to see what, if anything, they tell us about the candidates and their campaigns.
Trump :
The Trump logo boldly proclaims the last names on the 2020 Republican ticket; i.e., President Donald Trump and Vice President Michael Pence. The logo has white lettering on a dark blue field within a red border, proudly reflecting the colors of the U.S. flag. Every letter of the name “TRUMP” is capitalized, as is the name of his running mate “PENCE” albeit in a somewhat smaller font. Below the names “TRUMP” and “PENCE” is their motto in an even smaller font, “Keep America Great!” At the top of the logo is five stars, reflecting the stars on the U.S. flag or a five-star rating. At the bottom of the logo is the year 2020. The logo is balanced and has a business-like appearance, not unlike a businessman dressed in a blue serge suit, white shirt, and a red tie.
Biden :
The Biden logo presents the last names on the 2020 Democratic ticket; i.e., former Vice President Joe Biden and Senator Kamala Harris. The logo is presented on a medium blue field with predominantly white lettering and no special border. At the top of the Biden logo is the motto, “BUILD BACK BETTER,” followed by the names BIDEN and HARRIS with the year 2020 indicated at the bottom. The word BETTER is printed with light blue lettering. Biden’s name has a slightly smaller font than the word BETTER directly above it. The letter “E” in Biden’s name is colored red instead of white, thus obliquely incorporating the colors of the U.S. flag in the logo. The name of Biden’s running mate, HARRIS, is in smaller font because her name has six letters instead of the five letters in Biden’s name. The logo has two words across the top line followed by single words on the following lines as the logo approaches the date at the bottom. The logo has no punctuation marks for emphasis, nor does it have a special border.
Analysis :
The Trump logo is very similar to one used in his successful 2016 presidential bid. The red, white and blue colors are the same as is Trump’s name at the top of banner, followed by Pence and the campaign motto. The motto this year is “Keep America Great!” which is a logical progression from the 2016 motto “Make America Great Again!” The intention is to continue and build on the achievements of Trump’s first term. The logo is balanced and direct in a businesslike manner.
We are primarily funded by readers. Please subscribe and donate to support us!
The Biden logo appears top-heavy with a somewhat confusing motto at the top. Normally, one would expect the name of the party’s presidential candidate to appear at the top of the banner. The motto, BUILD BACK BETTER, followed by the name BIDEN scores points for alliteration, but it assumes that an observer knows what is intended to be built back. Apparently, whatever will be built back will be done so in better way, as noted by the slightly larger font and light blue color used for the word BETTER. Other than adding a splash of the patriotic color red in the logo, the stylized letter “E” in Biden’s name tends to unbalance the appearance of the sign by skewing it to the right.
Conclusion :
Campaign logos are visual sound bites that blanket the country during an election season. As such, a logo should be carefully designed and self-explanatory, if it is to achieve its objective successfully.
Based on this criterion, the Trump logo is more intelligently conceived than the Biden logo. Its message KEEP AMERICA GREAT! is simple to understand and follows up on the promise Trump made before his first term to MAKE AMERICA GREAT AGAIN! The sign uses simple red, white and blue colors punctuated by five stars at the top. It is balanced and pleasing to eye.
The Biden logo, on the other hand, is relatively unbalanced and confusing. The motto, BUILD BACK BETTER, appears muddled and lacks clarity. What is intended to be built back? Why isn’t Biden’s name at the top of the banner? Four colors are used on the banner: blue, light blue, white, and red. Three colors, as in the Trump logo, should have sufficed and would have made the Biden sign visually less busy. The logo’s message funnels down from the top line to the bottom line like an inverted pyramid. This inherent instability makes it less appealing to viewers than the Trump sign, which is more balanced horizontally from top to bottom. Putting Biden’s name in the middle of the logo instead of the top doesn’t help matters.
Frankly, for ardent supporters of a candidate, logos are simply campaign paraphernalia to be displayed the same way a baseball fan wears a cap or a shirt with the home team’s insignia. But for people who are not familiar with a certain candidate, a logo will make an impression on them whether they realize it or not.
In short (pun intended), a logo is a visual sound bite about a candidate. A logo is analogous to a tweet, which is perfect for people with short attention spans. But the message a logo sends subliminally might make a greater and longer impression than that which meets the eye.
A campaign logo is effective, if it quickly captures the attention of potential voters by transmitting a candidate’s message in a clear simple manner. On this basis, Trump’s logo is a winner whereas Biden’s logo falls short of the mark.


investmentwatchblog--2020-09-06--TSLA the biggest pump and dump in human history

Softbank put huge amounts of money on tech calls to drive up the price .
I decided to find out how much this would effect the stock .
There ’ s currently about 50 billion dollars in calls on Tesla and 5 billion on puts .
A call ATM has about .5 delta which means the market makers are force to delta hedge about 50 shares .
The total delta hedge on Tesla should be about 77 billion which is about 20 % of the market cap of 389 billion .
Now 20 % is significant , however Tesla has @ @ @ @ @ @ @ .
Theres also a possibility that HFT is chasing the momentum and affecting the price .
” It is estimated that 50 percent of stock trading volume in the U.S. is currently being driven by computer-backed high frequency trading .
Also known as algo or algorithmic trading .
” Everyone knows the tech price are high .
Elon sent prices into overdrive with the split .
Then he announced a 5 billion dollar public offering to pay off there debt ( worried about future cash issues ? )
, which the shares will @ @ @ @ @ @ @ to the volatility sending prices even lower .
Elons brother sells right after the split knowing it would be ATH .
My thought process ?
Negative news will cause people to close there call options .
TSLA won ’ t be added to S & P .
People are already anticipating high volatility during election , so large institutions will hedge with puts , causing more delta hedging of the stock downward .
Market makers already have low gamma exposure , which means rather than focus on reducing volatility for long term profits @ @ @ @ @ @ @ others sell and buy when others buy causing increased volatility which leads to lower prices .
Also the dark pool index is low meaning its becoming illiquid and a crash could cause large corporations to have to sell on the actual stock market causing huge price movements .
The public offering on TSLA will likely cause the stock to creep lower as well .
Tuesday : TSLA drops 2-5 % due to the S & P news , as well as the insider trading news .
Rest of the market is “ okay @ @ @ @ @ @ @ weekend .
Wednesday : Big money may pull out a bit due to the massive layoffs from airlines recently , and the knowledge of unemployment numbers on Thursday showing we are not recovering .
another 3 % drop in the market , 8 % drop for Tesla .
Disclaimer : This information is only for educational purposes .
Do not make any investment decisions based on the information in this article .
Do you own due diligence or consult your financial professional before making any investment decision .

by bojackhoreman
Softbank put huge amounts of money on tech calls to drive up the price. I decided to find out how much this would effect the stock. There’s currently about 50 billion dollars in calls on Tesla and 5 billion on puts. A call ATM has about .5 delta which means the market makers are force to delta hedge about 50 shares. The total delta hedge on Tesla should be about 77 billion which is about 20% of the market cap of 389 billion. Now 20% is significant, however Tesla has already fallen by 20% this week.
Theres also a possibility that HFT is chasing the momentum and affecting the price. ” It is estimated that 50 percent of stock trading volume in the U.S. is currently being driven by computer-backed high frequency trading. Also known as algo or algorithmic trading. ”
www.nasdaq.com/glossary/h/high-frequency-trading
Everyone knows the tech price are high. Elon sent prices into overdrive with the split. Then he announced a 5 billion dollar public offering to pay off there debt (worried about future cash issues?), which the shares will likely be priced below market value due to the volatility sending prices even lower. Elons brother sells right after the split knowing it would be ATH.
My thought process? Negative news will cause people to close there call options. TSLA won’t be added to S&P. People are already anticipating high volatility during election, so large institutions will hedge with puts, causing more delta hedging of the stock downward. Market makers already have low gamma exposure, which means rather than focus on reducing volatility for long term profits, they will have to sell when others sell and buy when others buy causing increased volatility which leads to lower prices. Also the dark pool index is low meaning its becoming illiquid and a crash could cause large corporations to have to sell on the actual stock market causing huge price movements. The public offering on TSLA will likely cause the stock to creep lower as well.
We are primarily funded by readers. Please subscribe and donate to support us!
So a possible timeline:
Tuesday: TSLA drops 2-5% due to the S&P news, as well as the insider trading news. Rest of the market is “okay” due to nothing unusual over the weekend.
Wednesday: Big money may pull out a bit due to the massive layoffs from airlines recently, and the knowledge of unemployment numbers on Thursday showing we are not recovering. another 3% drop in the market, 8% drop for Tesla.
Thursday: Bloody
www.squeezemetrics.com/monitor/dix
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.


investmentwatchblog--2020-09-06--“Two-thirds of the total wealth in this country is owned by the richest 5%.

“ Two-thirds of the total wealth in this country is owned by the richest 5 % .
At the same @ @ @ @ @ million Americans are living in poverty , and it 's projected that up to 54 @ @ @ @ @ enough to eat this year.
” t.co/fM9ArM9hCv

“Two-thirds of the total wealth in this country is owned by the richest 5%.
At the same time, more than 38 million Americans are living in poverty, and it's projected that up to 54 million people might not have enough to eat this year.” t.co/fM9ArM9hCv
— Nomi Prins (@nomiprins) September 6, 2020


investmentwatchblog--2020-09-06--Typhoon Haishen: 200,000 ordered to evacuate as Japan braces for storm

More than 200,000 people have been ordered to evacuate areas of Japan threatened by an approaching storm .
Typhoon Haishen @ @ @ @ @ Sunday , bringing heavy rain , storm surges and winds of more than 100mph ( @ @ @ @ @ move past Kyushu on Sunday , and is expected make landfall in South Korea on @ @ @ @ @ after Typhoon Maysak , one of the strongest storms to hit the region in years @ @ @ @ @ led to the closure of factories , schools and businesses across western Japan .
Hundreds @ @ @ @ @ have also been cancelled .
Japan ’ s government will be holding an emergency cabinet @ @ @ @ @ the storm .

More than 200,000 people have been ordered to evacuate areas of Japan threatened by an approaching storm.
Typhoon Haishen is expected to intensify on Sunday, bringing heavy rain, storm surges and winds of more than 100mph (160km/h).
It will move past Kyushu on Sunday, and is expected make landfall in South Korea on Monday.
It comes days after Typhoon Maysak, one of the strongest storms to hit the region in years.
We are primarily funded by readers. Please subscribe and donate to support us!
The latest typhoon has led to the closure of factories, schools and businesses across western Japan. Hundreds of flights and train services have also been cancelled.
Japan’s government will be holding an emergency cabinet meeting on Sunday to address the storm.
www.bbc.com/news/world-asia-54046150
Lashing it down here on Amami Oshima as #typhoon #Haishen closes in pic.twitter.com/2vytxmJagB — James Reynolds (@EarthUncutTV) September 6, 2020


investmentwatchblog--2020-09-06--San Diego – Valley Fire – Active structure loss. Live stream – 0% contained. – Info for evacuation o

San Diego – Valley Fire – Active structure loss. Live stream – 0% contained. – Info for evacuation orders

If interested ask for more .
Currently LIVE .
Showing 2 SDG & E cameras Cuyamaca Peak ( now Lyons @ @ @ @ @ other at Los Pinos

Temps hit 111 degrees today, same expected for tomorrow.
For Ham operators.. listen to W6SS repeater. Lyons Peak
frequency 146.265
If interested ask for more.
Currently LIVE. Showing 2 SDG&E cameras
Cuyamaca Peak (now Lyons Peak), and the other at Los Pinos
sdg&e cameras.
We are primarily funded by readers. Please subscribe and donate to support us!
hpwren.ucsd.edu/cameras/
Fire map
www.google.com/maps/d/viewer?mid=1t6XLlRWbfjclPnJzIu-_gPyqV57ZFVUR&ll=32.76313126489902%2C-116.72819647032892&z=13
#ValleyFire (S/E of #Alpine, San Diego Co) – 5 addl engines dispatched immediate need, single resource, to assist w/ structure protection in Lawson Valley where houses are involved. Fire is visible on numerous cameras @ t.co/Me8MbWoEv8 pic.twitter.com/TiXtuX33VO — CA Fire Scanner (@CAFireScanner) September 6, 2020
#ValleyFire off of Japatul Road and Carveacre Road, Southeast of Alpine in San Diego County is 1500 acres. Unified Command: @CALFIRESANDIEGO and @ClevelandNFt.co/yBfbUtZkbF pic.twitter.com/TDsPr1PHhL — CAL FIRE (@CAL_FIRE) September 6, 2020
#ValleyFire [update] The fire is now 1,500 acres. An evacuation order remains in effect for the community of Carve Acre. @ClevelandNF pic.twitter.com/qI9sZPp3Db — CAL FIRE/SAN DIEGO COUNTY FIRE (@CALFIRESANDIEGO) September 6, 2020
#ValleyFire Update: @CALFIRESANDIEGO says the wildfire is moving west toward Lawson Valley. Those under evacuation orders can go to Steele Canyon High School at 12440 Campo Road, Spring Valley or Joan MacQueen Middle School at 2001 Tavern Road, Alpine. pic.twitter.com/f1t5oh6I1h — San Diego Sheriff (@SDSheriff) September 6, 2020
Earlier footage..
h/t Tangy


investmentwatchblog--2020-09-08--Both the President and investors are betting everything on a fast-tracked coronavirus vaccine… but w

Both the President and investors are betting everything on a fast-tracked coronavirus vaccine… but what if they’re accidentally unleashing a medical time bomb on America?

( Natural News ) The euphoria of today ’ s Wall Street investors is based primarily on two things : 1 ) Continued Fed money printing , and 2 ) Expectations that a coronavirus vaccine will arrive in November and magically end the pandemic .
At the same time , President Trump is also aggressively pushing a coronavirus vaccine to be released before Election Day , hoping that some significant portion of the country ’ s population will happily allow themselves to be injected with an experimental , fast-tracked medical intervention just two days before the election .
( See @ @ @ @ @ @ @ vaccine wars in America . )
In fact , CDC director Robert Redfield recently sent a letter to all 50 states , urging them to fast-track state licensing and distribution requirements for rapid deployment of a coronavirus vaccine .
As The Epoch Times reports : “ CDC urgently requests your assistance in expediting applications for these distribution facilities , ” he wrote , adding , “ and , if necessary , asks that you consider waiving requirements that would prevent these facilities from becoming fully operational by November 1 , 2020.
” So @ @ @ @ @ @ @ s skipping phase 3 trials , meaning there are zero long-term studies being conducted on vaccine safety or efficacy .
And then we have a federal agency pressuring states to waive their own requirements for licensing , which amounts to yet more government pressure to eliminate state-level scrutiny of vaccine efficacy and safety .
The result ?
America is being put on the fast track to a public health train wreck that will be blamed on — guess who ?
— President Trump .
There is also a very real risk that the @ @ @ @ @ @ @ in the aftermath of a looming fast-tracked vaccine disaster .
This fact is affirmed by none other than the CEO of Pfizer , a major vaccine manufacturer , who now warns that skipping the safety trials could end in catastrophe .
As reported by NewsTarget.com : Albert Bourla , chairman and chief executive officer of Pfizer has warned of the damage that pushing a vaccine before testing its guaranteed to be safe may cause the reputation of the pharmaceutical industry .
Bourla acknowledged that people were skeptical about vaccines .
“ They are @ @ @ @ @ @ @ politicized science right now , ” he said in a press conference of the International Federation of Pharmaceutical Manufacturers and Associations .
“ This is the worst situation for society.
” The FDA , meanwhile , has already declared it will not require coronavirus vaccines to be proven safe or effective at all .
Instead , they will be approved under “ emergency authorization , ” which allows the FDA to approve emergency medical interventions if there is no other recognized treatment alternative available .
And that ’ s why we ’ ve @ @ @ @ @ @ @ against hydroxychloroquine , of course .
The FDA can only justify emergency approval of a fast-tracked vaccine if HCQ is discredited as a treatment .
That ’ s the entire reason behind the coordinated fake science effort to false claim HCQ is dangerous .
So we are now witnessing the CDC and a cartel of Big Pharma vaccine makers try to convince the world that a safe drug ( HCQ ) is dangerous , while potentially dangerous vaccines are safe .
It has all become politicized now .
On top of that clusterf @ @ @ @ @ @ @ to convince the nation that a rushed coronavirus vaccine is our pathway to restoring growth and abundance to America ’ s economy .
He recently stated , “ Under Operation Warp Speed , we have three different vaccines in the final stage of trials , right now , years ahead of what has been achieved before… We will have a safe and effective vaccine this year .
And together we will crush the virus.
” But what if Operation Warp Speed is actually just twisted , junk science medicine ?
You can ’ @ @ @ @ @ @ @ long run unless you test them for the long run .
The whole purpose of phase 3 trials is to test the vaccines on a much larger population for an extended period of time in order to estimate what might happen when you start giving out hundreds of millions of doses to the population at large .
It ’ s a sensible step before you run around injecting half the population with a new , experimental substance created in a laboratory .
mRNA vaccine platform is a grand , risky medical experiment that @ @ @ @ @ @ @ decade of exhaustive testing The new mRNA platform now being used for coronavirus vaccines further underscores the foolishness of skipping phase 3 trials , given that no mRNA vaccine has ever been approved by the FDA for use in humans , meaning the entire platform is a grand medical experiment with unknown consequences .
The rush to proclaim “ victory ” over the coronavirus , it seems , is leading Trump to blindly dive head first into a dark pool that may or may not hold any water .
If the first fast-tracked @ @ @ @ @ @ @ full immunity to all its recipients , it will be deemed a “ Trump miracle.
” But the odds of this are so slim that you might simply call it zero .
The far more likely outcome is that fast-tracked vaccines , injected into a hundred million Americans , will reveal underlying problems that could have been recorded in a phase 3 trial , but were never observed because the trials were skipped .
And this is even if we assume the vaccine manufacturers are acting in good faith and aren ’ t @ @ @ @ @ @ @ to achieve infertility or depopulation goals , both of which are repeatedly and aggressively promoted by vaccine advocates such as Bill Gates .
Vaccines given to young women in Kenya have been confirmed to be spiked with infertility chemicals , revealing that vaccines are used to reduce human populations through campaigns of mass deception .
But what happens if the first fast-tracked vaccine turns out to be a medical time bomb that detonates across America , injuring or killing hundreds of thousands of innocent people ?
Adding to the medical insanity of this @ @ @ @ @ @ @ Texas is reportedly randomly selecting Houston citizens to be human guinea pigs / test subjects for the experimental coronavirus vaccine .
If you are selected by this medical “ lottery , ” Houston will send health officials to your door to inject you with the vaccine , just to see what happens : A fast-tracked vaccine could kill 200,000 Americans , exceeding the official deaths from COVID-19 Notably , early Moderna vaccine trials caused side effects in 50 % of study subjects , and produced “ serious injury ” in 20 % of @ @ @ @ @ @ @ This is the very same vaccine being fast-tracked for rapid approval by the Trump administration .
Moderna even openly admits that its mRNA vaccine technology can produce “ significant adverse events , ” which is another way of saying it can injure and kill people .
If you have a dangerous vaccine that ’ s injuring 20 % of people who receive it , fast-tracking the vaccine doesn ’ t reduce the rate of injury .
In the same way , if you have a broken car with a flat tire and a @ @ @ @ @ @ @ down the highway doesn ’ t make those problems go away .
If anything , it makes the looming catastrophe far worse .
Let ’ s do the math : If this Modern vaccine causes serious injuries in 20 % of patients , and if it ’ s given to 100 million Americans , we would expect to see 20 million Americans injured by the vaccine .
Out of those 20 million injured Americans , how many might die from the vaccine ?
We don ’ t know the numbers yet because , @ @ @ @ @ @ @ are being skipped .
But if just 1 out of 100 serious injuries results in death , we ’ re looking at 200,000 dead Americans .
That number — 200,000 — exceeds the number of Americans reported to have died from COVID-19 itself , according to official statistics from the CDC .
And this means a fast-tracked vaccine could kill more Americans than the virus it claims to be halting .
It ’ s not difficult to imagine the headlines in the New York Times : “ Trump ’ s vaccine kills 200,000 @ @ @ @ @ @ @ fake news outlets such as The Atlantic — a discredited fiction rag — will claim Trump had all the vaccines spiked with Russian technology , making them even more deadly .
Trump is making a dangerous , risky bet , and if he ’ s wrong , any American stupid enough to get vaccinated may pay the price We don ’ t believe Trump would intentionally seek to use vaccines as weapons against innocent people — that ’ s something that depopulation globalists advocate , however — but Trump could rush dangerous vaccines @ @ @ @ @ @ @ medical time bomb that could kill hundreds of thousands of Americans and destroy his legacy .
If you ’ re going to tie yourself to a horse , make sure that horse isn ’ t leaping off a cliff , in other words .
The vaccine industry will do anything for profit , and they see huge profits in fast-tracked coronavirus vaccines .
They have zero liability for damage or death caused by their vaccines , so there ’ s no incentive whatsoever for them to even conduct long-term safety trials .
Their @ @ @ @ @ @ @ selling as quickly as possible , regardless of how many innocent people die in the process .
They also know that Big Tech will censor any reports of vaccine injuries or deaths .
Even the fake news mainstream media will usually go along with the cover-ups , protecting Big Pharma with lies and propaganda to falsely claim all vaccines are safe and effective , even as they ’ re injuring or killing hundreds of thousands of people each year in the United States alone .
But when it comes to Trump , the @ @ @ @ @ @ @ , and they may decide that throwing Moderna under the bus is worth casting blame onto President Trump for vaccine injuries and deaths .
If the vaccine injuries start piling up , it won ’ t be difficult for the media to cast Trump as a “ reckless ” president who “ ignored safety protocols ” and pressured the CDC and FDA to skip all the necessary protocols in order to try to save his own presidency .
The Fauci Folly : Trump is foolishly allying himself with a dishonest , fraudulent industry @ @ @ @ @ @ @ view , Trump is placing a very risky bet on fast-tracked vaccines .
He ’ s allying himself with an industry steeped in science fraud and horrible quality control .
Since the industry has enjoyed legal immunity since 1986 , there are no incentives for vaccine manufacturing to be conducted in a manner that any reasonable person would consider to be “ safe.
” Even worse , vaccines are deliberately formulated with toxic chemicals such as squalene , thimerosal and aluminum-based adjuvants .
Rushing vaccines to market is a lot like trying to @ @ @ @ @ @ @ 1986 , the same year Congress granted the vaccine industry legal immunity from vaccine injuries , NASA found out the hard way that when you rush complex , highly technical projects , they sometimes blow up in your face .
( Or in the sky , in the case of the space shuttle Challenger . )
In NASA ’ s case , they rushed the launch even though cold weather had crept in , rendering critical o-rings brittle and subject to failure .
Importantly , NASA had been warned in advance by its @ @ @ @ @ @ @ , but they ignored the warning because they wanted to meet a deadline for public relations purposes .
Even this catastrophe only managed to kill 7 Americans .
By comparison , Trump ’ s fast-tracked vaccine push may kill or injure hundreds of thousands of Americans .
Like NASA , Trump is desperately trying to meet a deadline by rushing the science and demanding results for political purposes .
This is incredibly ignorant and almost certain to end in catastrophe .
The only real question concerns the scale of the catastrophe : Will @ @ @ @ @ @ @ few hundred people , or will it destroy the lives of hundreds of thousands ?
For a president who declared , before he was elected , that vaccines are dangerous , it is nothing less than horrifying that he ’ s now betting America ’ s future — and his own historical legacy — on a rushed , risky vaccine technology that can only be honestly described as medical experimentation on human beings .
You know it ’ s risky when even the CEO of Pfizer is warning you to change course and @ @ @ @ @ @ @ ve even heard that many of the usual suspects of vaccine advocates — like Paul Offit — are warning about rushing experimental vaccines into large-scale deployment .
When the vaccine advocates themselves are urging you to slam on the brakes and take the time to study the long-term safety of a new vaccine , that ’ s a fairly reliable sign that you ’ re probably playing with fire .
But Trump seems determined to catapult America into a nationwide medical experiment with utterly unknown consequences .
It ’ s a roll of @ @ @ @ @ @ @ of lives at stake , along with a very real risk that the vaccine will do absolutely nothing on the positive side to quell the spread of the coronavirus .
In fact , the vaccine might actually make the pandemic worse , leading to the dreaded “ second wave ” of infections and deaths that Democrats will use to justify even more draconian lockdowns and economic suicide .
Here ’ s Dr. Carrie Madej warning about the genetic consequences of the mRNA vaccine : The thing is , we already know how to @ @ @ @ @ @ @ event called “ Pandemic Town Hall ” documented the simple solutions that are working to save lives and beat the infections using simple drugs and nutrients .
See the video here : Trump would do much better for America , it seems , by listening to the complementary medicine community and advocating nutrients like zinc , quercetin , green tea extract and vitamin D rather than risky , experimental vaccines that have skipped safety trials .
For honest , accurate reporting on COVID-19 , vaccines and medical ethics , read NaturalNews.com , which @ @ @ @ @ @ @ about the corruption of the FDA , CDC and greed-driven vaccine industry .

(Natural News) The euphoria of today’s Wall Street investors is based primarily on two things: 1) Continued Fed money printing, and 2) Expectations that a coronavirus vaccine will arrive in November and magically end the pandemic.
At the same time, President Trump is also aggressively pushing a coronavirus vaccine to be released before Election Day, hoping that some significant portion of the country’s population will happily allow themselves to be injected with an experimental, fast-tracked medical intervention just two days before the election. (See VaccineWars.com for more coverage of the ongoing vaccine wars in America.)
In fact, CDC director Robert Redfield recently sent a letter to all 50 states, urging them to fast-track state licensing and distribution requirements for rapid deployment of a coronavirus vaccine. As The Epoch Times reports:
“CDC urgently requests your assistance in expediting applications for these distribution facilities,” he wrote, adding, “and, if necessary, asks that you consider waiving requirements that would prevent these facilities from becoming fully operational by November 1, 2020.”
Skipping safety trials, pushing experimental vaccines for political purposes… a recipe for disaster
So we have a fast-tracked vaccine that’s skipping phase 3 trials, meaning there are zero long-term studies being conducted on vaccine safety or efficacy. And then we have a federal agency pressuring states to waive their own requirements for licensing, which amounts to yet more government pressure to eliminate state-level scrutiny of vaccine efficacy and safety. The result? America is being put on the fast track to a public health train wreck that will be blamed on — guess who? — President Trump.
There is also a very real risk that the entire vaccine industry will be utterly discredited in the aftermath of a looming fast-tracked vaccine disaster. This fact is affirmed by none other than the CEO of Pfizer, a major vaccine manufacturer, who now warns that skipping the safety trials could end in catastrophe. As reported by NewsTarget.com:
Albert Bourla, chairman and chief executive officer of Pfizer has warned of the damage that pushing a vaccine before testing its guaranteed to be safe may cause the reputation of the pharmaceutical industry.
Bourla acknowledged that people were skeptical about vaccines. “They are skeptical because there’s so much politicized science right now,” he said in a press conference of the International Federation of Pharmaceutical Manufacturers and Associations. “This is the worst situation for society.”
The FDA, meanwhile, has already declared it will not require coronavirus vaccines to be proven safe or effective at all. Instead, they will be approved under “emergency authorization,” which allows the FDA to approve emergency medical interventions if there is no other recognized treatment alternative available.
And that’s why we’ve all witnessed a Big Pharma-funded propaganda war against hydroxychloroquine, of course. The FDA can only justify emergency approval of a fast-tracked vaccine if HCQ is discredited as a treatment. That’s the entire reason behind the coordinated fake science effort to false claim HCQ is dangerous.
So we are now witnessing the CDC and a cartel of Big Pharma vaccine makers try to convince the world that a safe drug (HCQ) is dangerous, while potentially dangerous vaccines are safe. It has all become politicized now.
On top of that clusterf#ck, President Trump is trying to convince the nation that a rushed coronavirus vaccine is our pathway to restoring growth and abundance to America’s economy. He recently stated, “Under Operation Warp Speed, we have three different vaccines in the final stage of trials, right now, years ahead of what has been achieved before… We will have a safe and effective vaccine this year. And together we will crush the virus.”
But what if Operation Warp Speed is actually just twisted, junk science medicine? You can’t claim vaccines are safe in the long run unless you test them for the long run. The whole purpose of phase 3 trials is to test the vaccines on a much larger population for an extended period of time in order to estimate what might happen when you start giving out hundreds of millions of doses to the population at large. It’s a sensible step before you run around injecting half the population with a new, experimental substance created in a laboratory.
mRNA vaccine platform is a grand, risky medical experiment that should be subjected to at least a decade of exhaustive testing
The new mRNA platform now being used for coronavirus vaccines further underscores the foolishness of skipping phase 3 trials, given that no mRNA vaccine has ever been approved by the FDA for use in humans, meaning the entire platform is a grand medical experiment with unknown consequences.
The rush to proclaim “victory” over the coronavirus, it seems, is leading Trump to blindly dive head first into a dark pool that may or may not hold any water. If the first fast-tracked vaccine miraculously shows zero problems while granting full immunity to all its recipients, it will be deemed a “Trump miracle.” But the odds of this are so slim that you might simply call it zero. The far more likely outcome is that fast-tracked vaccines, injected into a hundred million Americans, will reveal underlying problems that could have been recorded in a phase 3 trial, but were never observed because the trials were skipped.
And this is even if we assume the vaccine manufacturers are acting in good faith and aren’t deliberately trying to use the vaccine platform to achieve infertility or depopulation goals, both of which are repeatedly and aggressively promoted by vaccine advocates such as Bill Gates. Vaccines given to young women in Kenya have been confirmed to be spiked with infertility chemicals, revealing that vaccines are used to reduce human populations through campaigns of mass deception.
But what happens if the first fast-tracked vaccine turns out to be a medical time bomb that detonates across America, injuring or killing hundreds of thousands of innocent people?
Adding to the medical insanity of this situation, the city of Houston, Texas is reportedly randomly selecting Houston citizens to be human guinea pigs / test subjects for the experimental coronavirus vaccine. If you are selected by this medical “lottery,” Houston will send health officials to your door to inject you with the vaccine, just to see what happens:
A fast-tracked vaccine could kill 200,000 Americans, exceeding the official deaths from COVID-19
Notably, early Moderna vaccine trials caused side effects in 50% of study subjects, and produced “serious injury” in 20% of patients in the high dose group. This is the very same vaccine being fast-tracked for rapid approval by the Trump administration. Moderna even openly admits that its mRNA vaccine technology can produce “significant adverse events,” which is another way of saying it can injure and kill people.
If you have a dangerous vaccine that’s injuring 20% of people who receive it, fast-tracking the vaccine doesn’t reduce the rate of injury. In the same way, if you have a broken car with a flat tire and a bent wheel, driving it 100 mph down the highway doesn’t make those problems go away. If anything, it makes the looming catastrophe far worse.
We are primarily funded by readers. Please subscribe and donate to support us!
Let’s do the math: If this Modern vaccine causes serious injuries in 20% of patients, and if it’s given to 100 million Americans, we would expect to see 20 million Americans injured by the vaccine.
Out of those 20 million injured Americans, how many might die from the vaccine? We don’t know the numbers yet because, of course, the larger clinical trials are being skipped. But if just 1 out of 100 serious injuries results in death, we’re looking at 200,000 dead Americans.
That number — 200,000 — exceeds the number of Americans reported to have died from COVID-19 itself, according to official statistics from the CDC. And this means a fast-tracked vaccine could kill more Americans than the virus it claims to be halting.
It’s not difficult to imagine the headlines in the New York Times: “Trump’s vaccine kills 200,000 Americans – Vaccine APOCALYPSE.”
No doubt fake news outlets such as The Atlantic — a discredited fiction rag — will claim Trump had all the vaccines spiked with Russian technology, making them even more deadly.
Trump is making a dangerous, risky bet, and if he’s wrong, any American stupid enough to get vaccinated may pay the price
We don’t believe Trump would intentionally seek to use vaccines as weapons against innocent people — that’s something that depopulation globalists advocate, however — but Trump could rush dangerous vaccines into widespread use, accidentally unleashing a medical time bomb that could kill hundreds of thousands of Americans and destroy his legacy.
If you’re going to tie yourself to a horse, make sure that horse isn’t leaping off a cliff, in other words. The vaccine industry will do anything for profit, and they see huge profits in fast-tracked coronavirus vaccines. They have zero liability for damage or death caused by their vaccines, so there’s no incentive whatsoever for them to even conduct long-term safety trials. Their entire incentive is to get the vaccine selling as quickly as possible, regardless of how many innocent people die in the process.
They also know that Big Tech will censor any reports of vaccine injuries or deaths. Even the fake news mainstream media will usually go along with the cover-ups, protecting Big Pharma with lies and propaganda to falsely claim all vaccines are safe and effective, even as they’re injuring or killing hundreds of thousands of people each year in the United States alone.
But when it comes to Trump, the media will do anything to destroy him, and they may decide that throwing Moderna under the bus is worth casting blame onto President Trump for vaccine injuries and deaths. If the vaccine injuries start piling up, it won’t be difficult for the media to cast Trump as a “reckless” president who “ignored safety protocols” and pressured the CDC and FDA to skip all the necessary protocols in order to try to save his own presidency.
The Fauci Folly: Trump is foolishly allying himself with a dishonest, fraudulent industry that values no lives whatsoever
In our view, Trump is placing a very risky bet on fast-tracked vaccines. He’s allying himself with an industry steeped in science fraud and horrible quality control. Since the industry has enjoyed legal immunity since 1986, there are no incentives for vaccine manufacturing to be conducted in a manner that any reasonable person would consider to be “safe.” Even worse, vaccines are deliberately formulated with toxic chemicals such as squalene, thimerosal and aluminum-based adjuvants.
Rushing vaccines to market is a lot like trying to rush a space shuttle launch. In 1986, the same year Congress granted the vaccine industry legal immunity from vaccine injuries, NASA found out the hard way that when you rush complex, highly technical projects, they sometimes blow up in your face. (Or in the sky, in the case of the space shuttle Challenger.)
In NASA’s case, they rushed the launch even though cold weather had crept in, rendering critical o-rings brittle and subject to failure. Importantly, NASA had been warned in advance by its own scientists that this catastrophe would happen, but they ignored the warning because they wanted to meet a deadline for public relations purposes. Even this catastrophe only managed to kill 7 Americans. By comparison, Trump’s fast-tracked vaccine push may kill or injure hundreds of thousands of Americans.
Like NASA, Trump is desperately trying to meet a deadline by rushing the science and demanding results for political purposes. This is incredibly ignorant and almost certain to end in catastrophe. The only real question concerns the scale of the catastrophe: Will the first fast-tracked vaccine only kill a few hundred people, or will it destroy the lives of hundreds of thousands?
For a president who declared, before he was elected, that vaccines are dangerous, it is nothing less than horrifying that he’s now betting America’s future — and his own historical legacy — on a rushed, risky vaccine technology that can only be honestly described as medical experimentation on human beings.
You know it’s risky when even the CEO of Pfizer is warning you to change course and stick to long-term testing. We’ve even heard that many of the usual suspects of vaccine advocates — like Paul Offit — are warning about rushing experimental vaccines into large-scale deployment. When the vaccine advocates themselves are urging you to slam on the brakes and take the time to study the long-term safety of a new vaccine, that’s a fairly reliable sign that you’re probably playing with fire.
But Trump seems determined to catapult America into a nationwide medical experiment with utterly unknown consequences. It’s a roll of the dice, with hundreds of millions of lives at stake, along with a very real risk that the vaccine will do absolutely nothing on the positive side to quell the spread of the coronavirus. In fact, the vaccine might actually make the pandemic worse, leading to the dreaded “second wave” of infections and deaths that Democrats will use to justify even more draconian lockdowns and economic suicide.
Here’s Dr. Carrie Madej warning about the genetic consequences of the mRNA vaccine:
The thing is, we already know how to beat the Wuhan coronavirus. A recent event called “Pandemic Town Hall” documented the simple solutions that are working to save lives and beat the infections using simple drugs and nutrients. See the video here:
Trump would do much better for America, it seems, by listening to the complementary medicine community and advocating nutrients like zinc, quercetin, green tea extract and vitamin D rather than risky, experimental vaccines that have skipped safety trials.
For honest, accurate reporting on COVID-19, vaccines and medical ethics, read NaturalNews.com, which has been proven correct again and again about the corruption of the FDA, CDC and greed-driven vaccine industry.


investmentwatchblog--2020-09-08--Middle East Countries Prepare To Decouple From The Petrodollar

The BREXIT talks are back on , Boris sets the dates .
The economy is recovering , more jobs are @ @ @ @ @ unemployment is dropping .
The middle east is now realizing that the days of becoming @ @ @ @ @ dollar is coming to and end .

The BREXIT talks are back on, Boris sets the dates. The economy is recovering, more jobs are coming back online and the unemployment is dropping. The middle east is now realizing that the days of becoming very wealthy via the petro dollar is coming to and end.
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investmentwatchblog--2020-09-08--New York is now a Shithole

New York is now a Shithole

They let all the criminal out of jail and then stopped businesses from operating .
400,000 Left from March 1 @ @ @

They let all the criminal out of jail and then stopped businesses from operating. 400,000 Left from March 1 to May 1
We are primarily funded by readers. Please subscribe and donate to support us!
h/t Throwaway_Datura


investmentwatchblog--2020-09-08--Bribe Offered to Impose COVID Restrictions

Belarusian President Aleksandr Lukashenko said last month via Belarusian Telegraph Agency , BelTA.
, that World Bank and IMF offered him a bribe of $ 940 million USD in the form of “ Covid Relief Aid.
” In exchange for $ 940 million USD , the World Bank and IMF demanded that the President of Belarus : • imposed “ extreme lockdown on his people ” • force them to wear face masks • impose very strict curfews • impose a police state • crash the economy Belarus President Aleksandr Lukashenko REFUSED the offer and stated that he could not @ @ @ @ @ @ @ his people above the needs of the IMF and World Bank .
This is NOT a conspiracy .
You may research this yourself .
He actually said this !
Now IMF and World Bank are bailing out failing airlines with billions of dollars , and in exchange , they are FORCING airline CEOs to implement VERY STRICT POLICIES such as FORCED face masks covers on EVERYONE , including SMALL CHILDREN , whose health will suffer as a result of these policies .
And if it is true for Belarus , then it is @ @ @ @ @ @ @ !
The IMF and World Bank want to crash every major economy with the intent of buying over every nation ’ s infrastructure at cents on the dollar !
REPLY : Interesting claims .
They certainly can not afford countries to buck the trend if they are behind this Great Reset .
The IMF and World Bank are definitely involved with Bill Gates .
I do not think they are trying to buy companies for pennies on the dollar .
They are trying to wipe out companies that are not GREEN !

by Martin Armstrong
Belarusian President Aleksandr Lukashenko said last month via Belarusian Telegraph Agency, BelTA., that World Bank and IMF offered him a bribe of $940 million USD in the form of “Covid Relief Aid.” In exchange for $940 million USD, the World Bank and IMF demanded that the President of Belarus:
• imposed “extreme lockdown on his people”
• force them to wear face masks
• impose very strict curfews
• impose a police state
• crash the economy
Belarus President Aleksandr Lukashenko REFUSED the offer and stated that he could not accept such an offer and would put his people above the needs of the IMF and World Bank. This is NOT a conspiracy. You may research this yourself. He actually said this!
We are primarily funded by readers. Please subscribe and donate to support us!
Now IMF and World Bank are bailing out failing airlines with billions of dollars, and in exchange, they are FORCING airline CEOs to implement VERY STRICT POLICIES such as FORCED face masks covers on EVERYONE, including SMALL CHILDREN, whose health will suffer as a result of these policies.
And if it is true for Belarus, then it is true for the rest of the world! The IMF and World Bank want to crash every major economy with the intent of buying over every nation’s infrastructure at cents on the dollar!
REPLY: Interesting claims. They certainly cannot afford countries to buck the trend if they are behind this Great Reset. The IMF and World Bank are definitely involved with Bill Gates. I do not think they are trying to buy companies for pennies on the dollar. They are trying to wipe out companies that are not GREEN!


investmentwatchblog--2020-09-08--Joe Biden held a Labor Day Event in Lancaster, PA.

It was a very special Labor Day for AFGE 1156 member Patty Bowermaster , who attended a socially-distant barbecue earlier @ @ @ @ @ @ unionveterans !
Check it out !
# TeamBiden pic.twitter.com/ijm1BE2N6D

It was a very special Labor Day for AFGE 1156 member Patty Bowermaster, who attended a socially-distant barbecue earlier today with @JoeBiden and @unionveterans! Check it out! #TeamBiden pic.twitter.com/ijm1BE2N6D
— AFGE (@AFGENational) September 7, 2020


investmentwatchblog--2020-09-08--Stocks Plunge! How Bad Will It Get?

Stocks Plunge! How Bad Will It Get?

As of the time of this publication , over the past day and half , the S & P 500 has fallen by -5.5 % and the Nasdaq by -9 % .
As we have long been warning , tops are processes , which can take months to play out .
But corrections are events ; they happen quickly — oftentimes leaving you no time to react .
Case in point : just look at Tesla ( TSLA ) .
On Tuesday , the stock hit an all-time-high of $ 500/share .
Investor confidence was off the charts .
But @ @ @ @ @ @ @ $ 380 .
That ’ s a 24 % drop .
In just two and a half days .
Given the ( over ) confidence the months-long rally had imbued them with , many recent investors in Tesla were buying call options vs the underlying stock .
Given the current plunge , those call options are now totally worthless .
A LOT of people , many of them neophytes who didn ’ t appreciate the risk involved and who can ’ t afford these losses , have just gotten badly burned .
Of @ @ @ @ @ @ @ .
The current carnage in the markets is widespread , across all sectors — exactly as we ’ ve been warning for months was likely to happen .
And yet , there ’ s another factor that may add additional surprise for investors into the mix : the potential that the US dollar may strengthen substantially from here .
That is a move that today ’ s markets are definitely NOT expecting , with shorting the USD currently being one of the most popular trades .
This week ’ s guest expert , @ @ @ @ @ @ @ Dollar Milkshake Theory and why he predicts the vast one-sided trade against the US dollar is dangerously wrong .
In the short term , if surprised by a sharply-rising dollar , markets will likely sell-off further .
Those watching these weekly Market Update videos know well that we ’ ve been warning for months that this is one of the most treacherous times ever for investors .
The “ unstoppable ” rally may very well have just ended and , given the massive over-valuations that still remain as well as the persisting damage @ @ @ @ @ @ @ may be far lower than current market participants can imagine .
And if you ’ re one of the many readers brand new to Peak Prosperity over the past few months , we strongly urge you get your financial situation in order in parallel with your ongoing physical coronavirus preparations .
We recommend you do so in partnership with a professional financial advisor who understands the macro risks to the market that we discuss on this website .
If you ’ ve already got one , great .
But if not , consider @ @ @ @ @ @ @ .
We ’ ve set up this ‘ free consultation ’ relationship with them to help folks exactly like you .

by Adam Taggart via Peak Prosperity
What a difference a week makes…
As of the time of this publication, over the past day and half, the S&P 500 has fallen by -5.5% and the Nasdaq by -9%.
As we have long been warning, tops are processes, which can take months to play out. But corrections are events; they happen quickly — oftentimes leaving you no time to react.
Case in point: just look at Tesla (TSLA). On Tuesday, the stock hit an all-time-high of $500/share. Investor confidence was off the charts.
But now? It’s down to $380. That’s a 24% drop. In just two and a half days.
Given the (over)confidence the months-long rally had imbued them with, many recent investors in Tesla were buying call options vs the underlying stock. Given the current plunge, those call options are now totally worthless. A LOT of people, many of them neophytes who didn’t appreciate the risk involved and who can’t afford these losses, have just gotten badly burned.
Of course, TSLA is just one example. The current carnage in the markets is widespread, across all sectors — exactly as we’ve been warning for months was likely to happen.
We are primarily funded by readers. Please subscribe and donate to support us!
And yet, there’s another factor that may add additional surprise for investors into the mix: the potential that the US dollar may strengthen substantially from here. That is a move that today’s markets are definitely NOT expecting, with shorting the USD currently being one of the most popular trades.
This week’s guest expert, Brent Johnson of Santiago Capital explains the Dollar Milkshake Theory and why he predicts the vast one-sided trade against the US dollar is dangerously wrong. In the short term, if surprised by a sharply-rising dollar, markets will likely sell-off further.
Those watching these weekly Market Update videos know well that we’ve been warning for months that this is one of the most treacherous times ever for investors. The “unstoppable” rally may very well have just ended and, given the massive over-valuations that still remain as well as the persisting damage to the real economy, the bottom may be far lower than current market participants can imagine.
And if you’re one of the many readers brand new to Peak Prosperity over the past few months, we strongly urge you get your financial situation in order in parallel with your ongoing physical coronavirus preparations.
We recommend you do so in partnership with a professional financial advisor who understands the macro risks to the market that we discuss on this website. If you’ve already got one, great.
But if not, consider talking to the team at New Harbor. We’ve set up this ‘free consultation’ relationship with them to help folks exactly like you.
FULL SHOW NOTES AND LINKS HERE


investmentwatchblog--2020-09-08--David Stockman: A Rogue Institution and a Clear and Present Danger to Liberty in America

We have never heard more gibberish , double talk , and lies from one podium than we have from Fed @ @ @ @ @ no other way to say it : The Fed has become a dangerous rogue institution @ @ @ @ @ over the financial system .
This is all based on implicit theories that eventually lead @ @ @ @ @ , even as it sucks the vitality out of the Main Street economy in the @ @ @ @ @ is brazenly simple : The Fed believes that relentless credit expansion fosters greater economic growth @ @ @ @ @ believes that there is no practical limit to how much debt the household , business @ @ @ @ @ the economy can tolerate or any notable adverse trade-offs from ever-higher leverage ratios .
When @ @ @ @ @ reason , the Fed ’ s first action is to push rates even lower .
@ @ @ @ @ on for more than three decades , and interest rates have , for all practical @ @ @ @ @

via International Man:
We have never heard more gibberish, double talk, and lies from one podium than we have from Fed Chairman Powell.
There is no other way to say it: The Fed has become a dangerous rogue institution that has usurped plenary power over the financial system.
This is all based on implicit theories that eventually lead to a massive speculative blow-off, even as it sucks the vitality out of the Main Street economy in the interim.
The implicit theory is brazenly simple: The Fed believes that relentless credit expansion fosters greater economic growth and full employment. It believes that there is no practical limit to how much debt the household, business, and government sectors of the economy can tolerate or any notable adverse trade-offs from ever-higher leverage ratios.
Self-evidently, lower interest rates foster more debt issuance.
When economic growth falters for any reason, the Fed’s first action is to push rates even lower. This ratcheting process has gone on for more than three decades, and interest rates have, for all practical purposes, been obliterated.


investmentwatchblog--2020-09-08--“New Study: Vitamin D reduces risk of ICU admission 97%” (covid.us.org)

Castillo , Marta Entrenas , et al .
“ Effect of Calcifediol Treatment and best Available Therapy versus best Available @ @ @ @ @ Admission and Mortality Among Patients Hospitalized for COVID-19 : A Pilot Randomized Clinical study.
” @ @ @ @ @ and Molecular Biology ( 2020 ) : 105751 .
This is a peer-reviewed , randomized @ @ @ @ @ Covid-19 patients .
So it is an “ RCT ” .
This is the type @ @ @ @ @ and various online critics demand .
Some persons unwisely reject all other types of studies @ @ @ @ @ or scientific .
But this is the type of study we ’ ve been waiting @ @ @ @ @ other 20 studies here .

New Study: Vitamin D reduces risk of ICU admission 97%
Here’s the study:
Castillo, Marta Entrenas, et al. “Effect of Calcifediol
Treatment and best Available Therapy versus best Available
Therapy on Intensive Care Unit Admission and Mortality Among
Patients Hospitalized for COVID-19: A Pilot Randomized
Clinical study.” The Journal of Steroid Biochemistry and
Molecular Biology (2020): 105751.
We are primarily funded by readers. Please subscribe and donate to support us!
This is a peer-reviewed, randomized, placebo-controlled
study of hospitalized Covid-19 patients. So it is an “RCT”.
This is the type of study that the press and various online
critics demand. Some persons unwisely reject all other types
of studies, which is not reasonable or scientific. But this
is the type of study we’ve been waiting for, to confirm the
other 20 studies here.
covid.us.org/2020/09/03/new-study-vitamin-d-reduces-risk-of-icu-admission-97/
h/t dr0id


investmentwatchblog--2020-09-07--The Fed’s Latest Lie: It Can Make Everything Go Back to Normal

The Fed Emperor ’ s New Clothes Show is a continuous comedy without laughter .
The latest act , the virtual Jackson Hole conference ( August 27 ) , was dreadful .
The show ’ s audiences are accustomed to the Fed chair and his board delivering solemn pronouncements about their aims—low inflation , high employment , and financial stability .
These officials play their parts according to script .
They never explain how they will fulfill their promise—it is all boast and no substance .
The assembled courtiers , including the financial media representatives who form part of the @ @ @ @ @ @ @ ask difficult questions .
Those inclined toward skepticism fear exposing their own lack of knowledge or losing their jobs .
In the just finished Jackson Hole episode , Chief Powell revealed that the Fed is now to target an average 2 percent inflation over the medium and long run , meaning that it will “ steer ” inflation above that level as needed to compensate for periods when it has languished below .
Yet in the contemporary monetary system without anchor , there is no high-powered money aggregate whose growth firmly sets boundaries @ @ @ @ @ @ @ services prices .
Instead , the Fed seeks to achieve its target by employing the blunt and highly imprecise instruments of interest rate manipulation , while counting on inertia of inflation and inflation expectations .
That is always a recipe for huge economic and financial instability .
The essence of the policy framework review , just unveiled by Chief Powell , is that the Fed will be slower than in recent cycles to adapt that blunt instrument to any incipient buildup of monetary inflation symptoms in goods and services markets .
Accordingly , @ @ @ @ @ @ @ some point in the future has increased .
An extended deep recession through the present pandemic and beyond would delay that point .
Speculation on this Fed policy adjustment has been rife for many months .
Similar shifts are occurring abroad , notably in Europe and Japan .
The reality , though , is that the army of PhD economists at the Fed has not made a discovery in econometric science which would now reliably link the path of manipulated interest rates to the price level over time .
In fact , Chief @ @ @ @ @ @ @ discarded at last one notorious component of their craft , the notorious Phillips curve ( purporting to relate the level of unemployment to inflation ) while putting nothing in its place .
And the chief has joked about the r stars and u stars ( neutral interest rate and natural unemployment rate estimates ) which once featured so heavily in Fed econometrics , notably in the application of the notorious “ Taylor rule.
” Many of us already are so disenchanted with the central bankers led by the Fed hegemon that we just @ @ @ @ @ @ @ monthly theatricals—unless we are trying to profit from the asset price fluctuations which these give rise to in the short run .
We should not , though , in our nonattendance of these shows overlook the degradations that monetary decisions announced there are inflicting on ourselves , whether in terms of our personal freedoms or of our reasonable hopes of enjoying economic prosperity .
As regards liberty , this Jackson Hole policy review blasts another wide gap in the constitutional guardrails which are meant to guarantee the right of US citizens to enjoy @ @ @ @ @ @ @ guardrails were damaged severely almost a century ago when the Supreme Court ultimately approved the Roosevelt administration ’ s monetary radicalism .
But now we have the Federal Reserve expanding and enforcing its 2 percent inflation standard without any challenge in prospect , whether from Congress , to which the Fed is “ answerable , ” or from the courts .
As regards the threat to economic prosperity , consider the present unique historical situation of Fed-created asset and credit market frenzy in the midst of a vast supply shock induced by pandemic @ @ @ @ @ @ @ further recession , notwithstanding some recent rebound in economic aggregates as governments lift lockdowns .
The combination of pandemic with the interest income famine created by Fed policy has proved remarkably fertile ground for two speculative narratives .
The first is that “ determined action ” by the Fed ( and foreign central banks ) , including huge asset market purchase programs financed by money-printing , has removed solvency risk ; hence the vast demand for high-yield ( risky ) credit during this pandemic .
The second relates to monopoly profits from accelerated @ @ @ @ @ @ @ these present or potential mega-profits will far outlive the pandemic .
All this speculative froth has added to the appearance of giant monetary stimulus .
The froth , however , could dissipate suddenly—well before the arrival of any postpandemic boom economy .
The mother of all monetary stimuli could turn out to be worse than a dud—a catalyst to a slide into further recession just as the supply shock of pandemic recedes .
The Fed ’ s efforts to avoid financial crisis during the height of the pandemic could yet precipitate a still @ @ @ @ @ @ @ in honesty ) the dynamics of massive momentum trading into “ pandemic stocks ” and high-yield credit driven by highly dubious narratives of thirty years of high monopoly rents ahead or the Fed having extinguished insolvency risks .
That depends on knowing when a round of investors deciding to take profits in these quasi Ponzi schemes finds there is no new layer of investors to sell to and the other potential buyers—shorts closing their position—have long since exited the field , in most cases terrified by losses to date .
We do know @ @ @ @ @ @ @ huge amounts of credit is tied in value to expanses of malinvestment , whether in emerging markets , global supply chains , or the brick-and-mortar economy , including commercial real estate , travel , energy extraction .
Feared and actual destruction of collateral value is what drives the dynamics of recession and depression and this will likely transcend the journey of the pandemic .
The economic damage of pandemic as witnessed to date does not spare us from further revelation of huge misallocation and waste in consequence of the great asset inflation from @ @ @ @ @ @ @ some areas of malinvestment ( especially aircraft , travel , shopping centers ) while camouflaging others ( for example excessive digitalization ) .
Banks and credit institutions , especially in Europe , are critically vulnerable to collapse in collateral values .
Neither fantasy about big tech monopoly rents nor vaccines and drug therapies can wipe away accumulated malinvestment and related credit losses .
The emperor in the show , whether we take this as Chief Powell or ultimately the president in the White House who appointed him , is now promising the audience @ @ @ @ @ @ @ the pre-pandemic economy.
” Whether this would have endured ostensibly much longer without the interruption of pandemic is dubious .
But the prosperity which the big monopolists are now promising us , based on accelerated digitalization driven by the exigences of the pandemic , is surely a mirage .
Meanwhile Chief Powell blatantly fails to reveal that the biggest beneficiary of his reformed inflation target will be big government , for whom his institution is now a mammoth tax collector , with emphasis at first on monetary repression tax , and later on @ @ @ @ @ @ @ founding partner of Macro Hedge Advisors ( www.macrohedgeadvisors.com ) and senior fellow at Hudson Institute .
As an international monetary and financial economist , consultant , and author , his roles have included Head of Economic Research at Mitsubishi UFJ Financial Group .
He is also an Associated Scholar of the Mises Institute .
His latest book is The Case Against 2 Per Cent Inflation ( Palgrave , 2018 ) and he is publisher of “ Monetary Scenarios , ” Euro Crash : How Asset Price Inflation Destroys the Wealth of Nations and @ @ @ @ @ @ @ : Manifesto for a Second Monetarist Revolution .

by Brendan Brown via Mises
The Fed Emperor’s New Clothes Show is a continuous comedy without laughter. The latest act, the virtual Jackson Hole conference (August 27), was dreadful.
The show’s audiences are accustomed to the Fed chair and his board delivering solemn pronouncements about their aims—low inflation, high employment, and financial stability. These officials play their parts according to script. They never explain how they will fulfill their promise—it is all boast and no substance. The assembled courtiers, including the financial media representatives who form part of the Fed’s propaganda machine, never ask difficult questions. Those inclined toward skepticism fear exposing their own lack of knowledge or losing their jobs.
In the just finished Jackson Hole episode, Chief Powell revealed that the Fed is now to target an average 2 percent inflation over the medium and long run, meaning that it will “steer” inflation above that level as needed to compensate for periods when it has languished below. Yet in the contemporary monetary system without anchor, there is no high-powered money aggregate whose growth firmly sets boundaries to the long-run path of goods and services prices. Instead, the Fed seeks to achieve its target by employing the blunt and highly imprecise instruments of interest rate manipulation, while counting on inertia of inflation and inflation expectations. That is always a recipe for huge economic and financial instability.
The essence of the policy framework review, just unveiled by Chief Powell, is that the Fed will be slower than in recent cycles to adapt that blunt instrument to any incipient buildup of monetary inflation symptoms in goods and services markets. Accordingly, the danger of an inflation breakout at some point in the future has increased. An extended deep recession through the present pandemic and beyond would delay that point.
Speculation on this Fed policy adjustment has been rife for many months. Similar shifts are occurring abroad, notably in Europe and Japan. The reality, though, is that the army of PhD economists at the Fed has not made a discovery in econometric science which would now reliably link the path of manipulated interest rates to the price level over time.
In fact, Chief Powell announced that his economics staff have discarded at last one notorious component of their craft, the notorious Phillips curve (purporting to relate the level of unemployment to inflation) while putting nothing in its place. And the chief has joked about the r stars and u stars (neutral interest rate and natural unemployment rate estimates) which once featured so heavily in Fed econometrics, notably in the application of the notorious “Taylor rule.”
Many of us already are so disenchanted with the central bankers led by the Fed hegemon that we just ignore the daily, weekly, or monthly theatricals—unless we are trying to profit from the asset price fluctuations which these give rise to in the short run. We should not, though, in our nonattendance of these shows overlook the degradations that monetary decisions announced there are inflicting on ourselves, whether in terms of our personal freedoms or of our reasonable hopes of enjoying economic prosperity.
As regards liberty, this Jackson Hole policy review blasts another wide gap in the constitutional guardrails which are meant to guarantee the right of US citizens to enjoy sound money. Of course, those guardrails were damaged severely almost a century ago when the Supreme Court ultimately approved the Roosevelt administration’s monetary radicalism. But now we have the Federal Reserve expanding and enforcing its 2 percent inflation standard without any challenge in prospect, whether from Congress, to which the Fed is “answerable,” or from the courts.
As regards the threat to economic prosperity, consider the present unique historical situation of Fed-created asset and credit market frenzy in the midst of a vast supply shock induced by pandemic. The sequel could yet be steep further recession, notwithstanding some recent rebound in economic aggregates as governments lift lockdowns.
We are primarily funded by readers. Please subscribe and donate to support us!
The combination of pandemic with the interest income famine created by Fed policy has proved remarkably fertile ground for two speculative narratives. The first is that “determined action” by the Fed (and foreign central banks), including huge asset market purchase programs financed by money-printing, has removed solvency risk; hence the vast demand for high-yield (risky) credit during this pandemic. The second relates to monopoly profits from accelerated digitalization. According to this narrative, these present or potential mega-profits will far outlive the pandemic.
All this speculative froth has added to the appearance of giant monetary stimulus.
The froth, however, could dissipate suddenly—well before the arrival of any postpandemic boom economy. The mother of all monetary stimuli could turn out to be worse than a dud—a catalyst to a slide into further recession just as the supply shock of pandemic recedes. The Fed’s efforts to avoid financial crisis during the height of the pandemic could yet precipitate a still bigger crisis
No one can predict (in honesty) the dynamics of massive momentum trading into “pandemic stocks” and high-yield credit driven by highly dubious narratives of thirty years of high monopoly rents ahead or the Fed having extinguished insolvency risks. That depends on knowing when a round of investors deciding to take profits in these quasi Ponzi schemes finds there is no new layer of investors to sell to and the other potential buyers—shorts closing their position—have long since exited the field, in most cases terrified by losses to date.
We do know, however, that the collateral against huge amounts of credit is tied in value to expanses of malinvestment, whether in emerging markets, global supply chains, or the brick-and-mortar economy, including commercial real estate, travel, energy extraction. Feared and actual destruction of collateral value is what drives the dynamics of recession and depression and this will likely transcend the journey of the pandemic.
The economic damage of pandemic as witnessed to date does not spare us from further revelation of huge misallocation and waste in consequence of the great asset inflation from 2013–20. The supply shock has highlighted some areas of malinvestment (especially aircraft, travel, shopping centers) while camouflaging others (for example excessive digitalization). Banks and credit institutions, especially in Europe, are critically vulnerable to collapse in collateral values. Neither fantasy about big tech monopoly rents nor vaccines and drug therapies can wipe away accumulated malinvestment and related credit losses.
The emperor in the show, whether we take this as Chief Powell or ultimately the president in the White House who appointed him, is now promising the audience a return to the “prosperity of the pre-pandemic economy.” Whether this would have endured ostensibly much longer without the interruption of pandemic is dubious. But the prosperity which the big monopolists are now promising us, based on accelerated digitalization driven by the exigences of the pandemic, is surely a mirage. Meanwhile Chief Powell blatantly fails to reveal that the biggest beneficiary of his reformed inflation target will be big government, for whom his institution is now a mammoth tax collector, with emphasis at first on monetary repression tax, and later on inflation tax.Author:
Brendan Brown
Brendan Brown is a founding partner of Macro Hedge Advisors (www.macrohedgeadvisors.com) and senior fellow at Hudson Institute. As an international monetary and financial economist, consultant, and author, his roles have included Head of Economic Research at Mitsubishi UFJ Financial Group. He is also an Associated Scholar of the Mises Institute. His latest book is The Case Against 2 Per Cent Inflation (Palgrave, 2018) and he is publisher of “Monetary
Scenarios,” Euro Crash: How Asset Price Inflation Destroys the Wealth of Nations and The Global Curse of the Federal Reserve: Manifesto for a Second Monetarist Revolution.