investmentwatchblog--2020-12-02--9 Months into Crisis, Unemployment Claims Near Record High…  Damage to Social Security to extend bey

9 Months into Crisis, Unemployment Claims Near Record High…  Damage to Social Security to extend beyond pandemic

• Unemployment benefits are flowing to workers in a volume that is near records set before the coronavirus pandemic .
• Elevated figures — for “ continued ” and “ initial ” claims — reflect economic and financial pain almost nine months into the Covid-19 crisis .
The number of Americans collecting and applying for unemployment benefits is hovering near pre-pandemic records .
By some measures , the figure still exceeds any historical precedent .
The volume reflects deep and sustained pain for workers , nearly nine months after the health and economic crisis began .
“ The numbers we @ @ @ @ @ @ @ far higher than ] anything we ’ ve seen before , ” said Erica Groshen , a labor economist at Cornell University and former commissioner of the federal Bureau of Labor Statistics .
“ We ’ ve never seen a shock like this.
” Damage to Social Security to extend beyond pandemic COVID-19 ’ s impact on America ’ s older adults is set to outlast the pandemic itself as it wreaks havoc on the Social Security retirement trust fund that millions rely on for benefits .
The nonpartisan Congressional Budget Office projects @ @ @ @ @ @ @ , the trust fund will deplete its $ 2.8 trillion reserve over the next decade unless changes are made .
Inaction would lead to cuts of 20 percent or more to benefits starting in 2031 .
The decreased revenue stream stems in large part from the millions of lost jobs during the pandemic , which has led to fewer people and employers paying into the trust fund .
That drop , paired with a scaling back of hours at remaining jobs , has been the biggest blow to the long-term outlook for Social @ @ @ @ @ @ @ the Bipartisan Policy Center ( BPC ) .
But COVID-19 has impacted the fund in several other ways .
The recession has prompted older workers to retire earlier than they previously expected , meaning they ’ re drawing down funds instead of contributing to them .
Also , low interest rates mean smaller yields for the bonds held by the Social Security funds .
More than half of emergency small business funds went to larger businesses , new data show… WASHINGTON – More than half of the money from the Treasury Department ’ @ @ @ @ @ @ @ went to just 5 % of the recipients , according to data on more than 5 million loans released by the government Tuesday evening in response to a Freedom of Information Act request and lawsuit .
According to data on the government ’ s Paycheck Protection Program , about 600 mostly larger companies , including dozens of national chains , received the maximum amount allowed under the program of $ 10 million .
Officials from the Treasury Department and the Small Business Administration have argued that the program primarily benefited smaller business because @ @ @ @ @ @ @ more than 87 % ― were for less than $ 150,000 , as of August .
But the new data show that more than half of the $ 522 billion in the same time frame had gone to bigger businesses , and only 28 % of the money was distributed in amounts of under $ 150,000 .
4 In 5 Americans Desperate To Be Cheered Up After Difficult 2020… NEW YORK — There ’ s no question 2020 has been a rough year for many people .
A new survey finds eight in @ @ @ @ @ @ @ positive news before the year ends .
The study asked 2,000 people about ways they ’ ve coped with the stress of 2020 and COVID-19 .
The results find 75 percent said the constant stream of bad news has taken a toll .
Seven in 10 respondents have made it a priority to do something positive every day as quarantine continues .

9 months into crisis, unemployment claims near record high…
Unemployment benefits are flowing to workers in a volume that is near records set before the coronavirus pandemic.
Elevated figures — for “continued” and “initial” claims — reflect economic and financial pain almost nine months into the Covid-19 crisis.
The number of Americans collecting and applying for unemployment benefits is hovering near pre-pandemic records. By some measures, the figure still exceeds any historical precedent.
The volume reflects deep and sustained pain for workers, nearly nine months after the health and economic crisis began.
“The numbers we’re looking at now are [far higher than] anything we’ve seen before,” said Erica Groshen, a labor economist at Cornell University and former commissioner of the federal Bureau of Labor Statistics. “We’ve never seen a shock like this.”
Damage to Social Security to extend beyond pandemic
COVID-19’s impact on America’s older adults is set to outlast the pandemic itself as it wreaks havoc on the Social Security retirement trust fund that millions rely on for benefits.
The nonpartisan Congressional Budget Office projects that in the aftermath of the pandemic, the trust fund will deplete its $2.8 trillion reserve over the next decade unless changes are made. Inaction would lead to cuts of 20 percent or more to benefits starting in 2031.
The decreased revenue stream stems in large part from the millions of lost jobs during the pandemic, which has led to fewer people and employers paying into the trust fund. That drop, paired with a scaling back of hours at remaining jobs, has been the biggest blow to the long-term outlook for Social Security, according to a report from the Bipartisan Policy Center (BPC).
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But COVID-19 has impacted the fund in several other ways. The recession has prompted older workers to retire earlier than they previously expected, meaning they’re drawing down funds instead of contributing to them. Also, low interest rates mean smaller yields for the bonds held by the Social Security funds.
More than half of emergency small business funds went to larger businesses, new data show…
WASHINGTON – More than half of the money from the Treasury Department’s coronavirus emergency fund for small businesses went to just 5% of the recipients, according to data on more than 5 million loans released by the government Tuesday evening in response to a Freedom of Information Act request and lawsuit.
According to data on the government’s Paycheck Protection Program, about 600 mostly larger companies, including dozens of national chains, received the maximum amount allowed under the program of $10 million.
Officials from the Treasury Department and the Small Business Administration have argued that the program primarily benefited smaller business because a vast majority of the loans ― more than 87% ― were for less than $150,000, as of August. But the new data show that more than half of the $522 billion in the same time frame had gone to bigger businesses, and only 28% of the money was distributed in amounts of under $150,000.
4 In 5 Americans Desperate To Be Cheered Up After Difficult 2020…
NEW YORK — There’s no question 2020 has been a rough year for many people. A new survey finds eight in 10 Americans are desperate to hear some positive news before the year ends.
The study asked 2,000 people about ways they’ve coped with the stress of 2020 and COVID-19. The results find 75 percent said the constant stream of bad news has taken a toll. Seven in 10 respondents have made it a priority to do something positive every day as quarantine continues.


investmentwatchblog--2020-12-02--Singapore Becomes First Country to Approve Sales of Lab-Created Meat

( Bloomberg ) — Eat Just Inc. , a maker of meat and egg substitutes , has been approved to @ @ @ @ @ Singapore , which becomes the first government to allow the sale of cultured meat .
@ @ @ @ @ animal cells without the slaughter of any chickens , will debut in Singapore under the @ @ @ @ @ chicken bite with breading and seasoning in a single restaurant .
Eat Just is initially @ @ @ @ @ Food Innovation and Resource Centre to make the cultured chicken .
Additionally , the company @ @ @ @ @ expand sales to other restaurants — and eventually grocery stores .
“ We want Singapore @ @ @ @ @ our manufacturing globally , ” Chief Executive Officer Josh Tetrick said in an interview .
@ @ @ @ @ really forward thinking in building an enabling environment for this kind of work.
” He @ @ @ @ @ s flavor and taste are the same as the real thing .

(Bloomberg) — Eat Just Inc., a maker of meat and egg substitutes, has been approved to sell its laboratory-created chicken in Singapore, which becomes the first government to allow the sale of cultured meat.
The product, created from animal cells without the slaughter of any chickens, will debut in Singapore under the GOOD Meat brand as a chicken bite with breading and seasoning in a single restaurant. Eat Just is initially working with local manufacturer the Food Innovation and Resource Centre to make the cultured chicken. Additionally, the company is buying more equipment to expand sales to other restaurants — and eventually grocery stores.
“We want Singapore to be the focus of our manufacturing globally,” Chief Executive Officer Josh Tetrick said in an interview. “They’re just really forward thinking in building an enabling environment for this kind of work.”
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He added that the chicken’s flavor and taste are the same as the real thing.
finance.yahoo.com/news/singapore-becomes-first-country-approve-000000688.html


investmentwatchblog--2020-12-02--Yes, This Makes Perfect Sense: Cities All Over America Are Slashing Police Budgets As Crime Rates So

Yes, This Makes Perfect Sense: Cities All Over America Are Slashing Police Budgets As Crime Rates Soar

If violent crime rates are surging , should the police get more funding or less funding ?
You would think that the answer should be obvious , but unfortunately major cities all over the nation are choosing to significantly reduce police budgets right now .
With less police on the streets , criminals are going to have even more freedom to terrorize urban communities , and that will likely accelerate the mass exodus out of our major cities that we have already been witnessing .
It is so sad to watch so many of our once great cities degenerate into @ @ @ @ @ @ @ the fact that our economy is crumbling so rapidly is just going to make things even worse .
Let me illustrate what I am talking about by giving you some specific examples .
In Seattle , the city council just voted to reduce the police budget by 69 million dollars… Of course this comes at a time when crime rates have been steadily rising in the city .
In fact , there have already been more than 8,400 reported burglaries so far this year… In New Orleans , police funding is being reduced @ @ @ @ @ @ @ furlough policy is causing many officers to leave the force entirely… Meanwhile , homicides are up 60 percent this year , and carjackings are up “ more than 100 percent ” … In Minneapolis , the politicians are still squabbling about how much they want to take out of the police budget… Why they would want to take any money away from the police is a mystery , because carjackings in the city are up a whopping 537 percent in 2020… If carjackings are up 537 percent , your city is officially out @ @ @ @ @ @ @ live in Minneapolis , and it has been heartbreaking to watch what has happened to a city that was once so peaceful .
In Los Angeles , the police budget was slashed by 150 million dollars this year .
Yes , you read that correctly .
Is it just a coincidence that people are now being gunned down all over the place in many parts of the city ?
… I could go on and on , but I think that you get the point .
In this sort of an environment , @ @ @ @ @ @ @ captured on camera barely makes a blip in the news… Why didn ’ t Corey Thompson ’ s death get much attention from the media ?
It is because people are being gunned down all over the country on a constant basis .
It has become so common that such incidents are no longer newsworthy .
And those that have read my new book already know that the violence is only going to escalate in the years ahead .
100 years ago , young people in America didn ’ t act like this @ @ @ @ @ @ @ raised much differently .
When you put garbage in , you are going to get garbage out .
We have filled the minds of our kids with the most horrible things you can imagine , and it gets worse with each passing year .
A lot of people think that “ education ” is the answer , but our schools are some of the biggest offenders when it comes to corrupting young minds .
In fact , it is being reported that administrators all over the country are now spending enormous mountains of @ @ @ @ @ @ @ ” in our public schools .
In a society that is starting to spiral out of control , a strong police presence is more necessary than ever before .
Unfortunately , those on the radical left will continue to push to defund the police no matter how high crime rates go .
This is going to have disastrous consequences from coast to coast , and many of our major cities will never be the same again .

by Michael Snyder
If violent crime rates are surging, should the police get more funding or less funding? You would think that the answer should be obvious, but unfortunately major cities all over the nation are choosing to significantly reduce police budgets right now. With less police on the streets, criminals are going to have even more freedom to terrorize urban communities, and that will likely accelerate the mass exodus out of our major cities that we have already been witnessing. It is so sad to watch so many of our once great cities degenerate into crime-ridden, gang-infested war zones, and the fact that our economy is crumbling so rapidly is just going to make things even worse.
Let me illustrate what I am talking about by giving you some specific examples. In Seattle, the city council just voted to reduce the police budget by 69 million dollars…
The city council voted last week to slash about $69 million in funding for officer training, salaries and overtime, and get rid of vacant positions in the police department as well as transfer parking officers, mental health workers, and 911 dispatchers out of the department. The goal is to ultimately reinvest in alternatives to police in situations such as mental health crises.
Of course this comes at a time when crime rates have been steadily rising in the city. In fact, there have already been more than 8,400 reported burglaries so far this year…
Meanwhile, Seattle had seen 55 murders this year as of Monday, the highest level since at least 2008, the last year of data available. The troubled city is also suffering a spike in violent crime, with 8,418 burglary incidents, up from to 7,634 last year, according to police.
In New Orleans, police funding is being reduced by 11 million dollars and a new furlough policy is causing many officers to leave the force entirely…
New Orleans Police Chief Shaun Ferguson says as he deals with rising homicide and carjacking rates, the city’s furlough policy is causing him to lose officers. The NOPD is being forced to take an $11 million budget cut in the year ahead.
Meanwhile, homicides are up 60 percent this year, and carjackings are up “more than 100 percent”…
He told the city council that most of those who left last week blamed city imposed furloughs that cause officers to lose two days of pay each month. The furloughs come as the city deals with a 60 percent rise in homicides and a more than 100 percent jump and carjackings.
In Minneapolis, the politicians are still squabbling about how much they want to take out of the police budget…
Minneapolis Mayor Jacob Frey and Police Chief Medaria Arradondo on Monday rebuffed a proposal by three City Council members to cut the Minneapolis police budget by nearly $8 million, with Frey calling the plan “irresponsible and untenable” amid a year of rising violent crime and a shrinking police force.
Why they would want to take any money away from the police is a mystery, because carjackings in the city are up a whopping 537 percent in 2020…
Within a one-hour period Saturday morning, police reported three separate carjackings in southeast Minneapolis, including one where an elderly woman was struck on the head. The often brazen, daytime attacks are up 537% this month when compared with last November, said police spokesman John Elder.
If carjackings are up 537 percent, your city is officially out of control. I have relatives that live in Minneapolis, and it has been heartbreaking to watch what has happened to a city that was once so peaceful.
In Los Angeles, the police budget was slashed by 150 million dollars this year.
Yes, you read that correctly.
Is it just a coincidence that people are now being gunned down all over the place in many parts of the city?…
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Killings are up 25% over last year and shootings are up more than 32%, mirroring increases in violence that are driving concerns in big cities across the nation. Last week, a pregnant woman was gunned down. Children and elderly residents have been killed. Of all the year’s victims, nearly 20% have been homeless. Gangs are suspected in many cases.
I could go on and on, but I think that you get the point.
In this sort of an environment, an execution in broad daylight that is captured on camera barely makes a blip in the news…
New Jersey-based rapper Tripple Beanz was walking to his SUV in Newark on Friday when he was confronted by two masked gunmen and shot dead execution-style in broad daylight. The cold-blooded killing of the 29-year-old recording artist, born Corey Thompson, was caught on surveillance video, which showed his attackers fire multiple shots at the victim as he rolled on the ground.
Why didn’t Corey Thompson’s death get much attention from the media?
It is because people are being gunned down all over the country on a constant basis. It has become so common that such incidents are no longer newsworthy.
And those that have read my new book already know that the violence is only going to escalate in the years ahead.
100 years ago, young people in America didn’t act like this, and that is because they were raised much differently.
When you put garbage in, you are going to get garbage out. We have filled the minds of our kids with the most horrible things you can imagine, and it gets worse with each passing year.
A lot of people think that “education” is the answer, but our schools are some of the biggest offenders when it comes to corrupting young minds. In fact, it is being reported that administrators all over the country are now spending enormous mountains of money to promote the “woke agenda” in our public schools.
In a society that is starting to spiral out of control, a strong police presence is more necessary than ever before.
Unfortunately, those on the radical left will continue to push to defund the police no matter how high crime rates go.
This is going to have disastrous consequences from coast to coast, and many of our major cities will never be the same again.


investmentwatchblog--2020-12-02--We Are About to Mint Even More Excess Elites

We have too many “ elites.
” History shows this rarely ends well .
And we are about to mint even more .
The December issue of The Atlantic has a fascinating with Peter Turchin , a University of Connecticut professor with some unique ideas about human history .
Turchin is actually a zoologist .
He spent his early career analyzing population dynamics .
Things like why a particular species of beetles inhabits a certain forest , or why it disappears from that same forest .
He developed some general principles for such things , and wondered if they apply @ @ @ @ @ @ @ requires data , so he went from studying beetle history to human history .
Turns out , we have something big in common .
One recurring pattern Turchin noticed : something he calls “ elite overproduction.
” This happens when a society ’ s ruling class grows faster than the number of rulers it needs .
( For Turchin , “ elite ” seems to mean not just political leaders but all those managing companies , universities and other large social institutions . )
As The Atlantic describes it : One way for @ @ @ @ @ @ @ of Saudi Arabia , where princes and princesses are born faster than royal roles can be created for them .
In the United States , elites overproduce themselves through economic and educational upward mobility : More and more people get rich , and more and more get educated .
Neither of these sounds bad on its own .
Don ’ t we want everyone to be rich and educated ?
The problems begin when money and Harvard degrees become like royal titles in Saudi Arabia .
If lots of people have them , @ @ @ @ @ @ @ the ones who don ’ t have power eventually turn on the ones who do… Elite jobs do not multiply as fast as elites do .
There are still only 100 Senate seats , but more people than ever have enough money or degrees to think they should be running the country .
“ You have a situation now where there are many more elites fighting for the same position , and some portion of them will convert to counter-elites , ” Turchin said .
The excess elites become counter-elites , who then @ @ @ @ @ @ @ classes that usually don ’ t work out .
But my eyebrows went up when I saw how Turchin describes the endgame .
The final trigger of impending collapse , Turchin says , tends to be state insolvency .
At some point rising insecurity becomes expensive .
The elites have to pacify unhappy citizens with handouts and freebies—and when these run out , they have to police dissent and oppress people .
Eventually the state exhausts all short-term solutions , and what was heretofore a coherent civilization disintegrates .
Terrifying ?
Yes .
@ @ @ @ @ @ @ Economic Forum proposes with its Great Reset Initiative .
I am sure Klaus Schwab and the others there recognize the frustration that many people have .
They are proposing programs to alleviate that frustration — expensive , society-altering programs .
But they would still let the game at the top continue .
I predict an unprecedented crisis that will lead to the biggest wipeout of wealth in history .
And most investors are completely unaware of the pressure building right now .
Learn more here .

by John Mauldin
We have too many “elites.” History shows this rarely ends well. And we are about to mint even more.
The December issue of The Atlantic has a fascinating with Peter Turchin, a University of Connecticut professor with some unique ideas about human history.
Turchin is actually a zoologist. He spent his early career analyzing population dynamics. Things like why a particular species of beetles inhabits a certain forest, or why it disappears from that same forest.
He developed some general principles for such things, and wondered if they apply to humans, too. Answering that requires data, so he went from studying beetle history to human history.
Turns out, we have something big in common.
One recurring pattern Turchin noticed: something he calls “elite overproduction.”
This happens when a society’s ruling class grows faster than the number of rulers it needs. (For Turchin, “elite” seems to mean not just political leaders but all those managing companies, universities and other large social institutions.)
As The Atlantic describes it:
One way for a ruling class to grow is biologically—think of Saudi Arabia, where princes and princesses are born faster than royal roles can be created for them. In the United States, elites overproduce themselves through economic and educational upward mobility: More and more people get rich, and more and more get educated. Neither of these sounds bad on its own. Don’t we want everyone to be rich and educated?
The problems begin when money and Harvard degrees become like royal titles in Saudi Arabia. If lots of people have them, but only some have real power, the ones who don’t have power eventually turn on the ones who do…
We are primarily funded by readers. Please subscribe and donate to support us!
Elite jobs do not multiply as fast as elites do. There are still only 100 Senate seats, but more people than ever have enough money or degrees to think they should be running the country.
“You have a situation now where there are many more elites fighting for the same position, and some portion of them will convert to counter-elites,” Turchin said.
The excess elites become counter-elites, who then try to make alliances with the lower classes that usually don’t work out.
But my eyebrows went up when I saw how Turchin describes the endgame.
The final trigger of impending collapse, Turchin says, tends to be state insolvency. At some point rising insecurity becomes expensive.
The elites have to pacify unhappy citizens with handouts and freebies—and when these run out, they have to police dissent and oppress people.
Eventually the state exhausts all short-term solutions, and what was heretofore a coherent civilization disintegrates.
Terrifying? Yes. It sounds amazingly like what the World Economic Forum proposes with its Great Reset Initiative. I am sure Klaus Schwab and the others there recognize the frustration that many people have.
They are proposing programs to alleviate that frustration — expensive, society-altering programs.
But they would still let the game at the top continue.
I predict an unprecedented crisis that will lead to the biggest wipeout of wealth in history. And most investors are completely unaware of the pressure building right now. Learn more here.


investmentwatchblog--2020-12-02--We are now at the “can’t say those words” phase.

Frank Luntz is on CNBC this morning telling us what words we should and shouldn ’ t be using anymore @ @ @ @ @ of the lists of words they said we shouldn ’ t be using anymore .

Frank Luntz is on CNBC this morning telling us what words we should and shouldn’t be using anymore. I got two screenshots of the lists of words they said we shouldn’t be using anymore.
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h/r Technical_Challenge


investmentwatchblog--2020-12-02--NY governor Cuomo says hospitals are at full capacity! says he is about the hit the “PAUSE” button a

NY governor Cuomo says hospitals are at full capacity! says he is about the hit the “PAUSE” button and shut down the state!

NEW YORK ( 1010 WINS ) — New York could hit “ PAUSE ” again if the state hits “ @ @ @ @ @ ” Gov .
Andrew Cuomo warned Monday , as the number of residents hospitalized with @ @ @ @ @ COVID-19 hospitalizations in the state have increased “ dramatically ” in recent months , from @ @ @ @ @ 3,532 on Sunday , Cuomo said at a news briefing .
Hospitals , meanwhile , @ @ @ @ @ shortages , ” he said .
As a result , the state has initiated a @ @ @ @ @ procedures , ” including recruiting retired nurses and doctors to help treat COVID-19 patients ; @ @ @ @ @ by 50 percent ; and drafting plans for emergency field hospitals , he said .

NEW YORK (1010 WINS) — New York could hit “PAUSE” again if the state hits “a real hospitalization crisis,” Gov. Andrew Cuomo warned Monday, as the number of residents hospitalized with COVID-19 continued to climb.
COVID-19 hospitalizations in the state have increased “dramatically” in recent months, from 891 on June 29 to 3,532 on Sunday, Cuomo said at a news briefing. Hospitals, meanwhile, are “already experiencing staffing shortages,” he said.
We are primarily funded by readers. Please subscribe and donate to support us!
As a result, the state has initiated a number of “emergency hospital procedures,” including recruiting retired nurses and doctors to help treat COVID-19 patients; directing hospitals to increase capacity by 50 percent; and drafting plans for emergency field hospitals, he said.
We are laser-focused on ensuring enough hospital capacity as COVID surges. Today @HealthNYGov is initiating emergency hospital measures. Hospitals are directed to identify retired staff, make plans to add 50% bed capacity, confirm they have a 90-day PPE stockpile, and more. pic.twitter.com/6XzF4jXFxY — Andrew Cuomo (@NYGovCuomo) November 30, 2020
www.radio.com/1010wins/news/state/cuomo-orders-hospitals-to-up-capacity-warns-of-new-pause


investmentwatchblog--2020-12-02--KRAKEN update by Sidney Powell

KRAKEN update by Sidney Powell

The Battle for the White House : @ SidneyPowell1 celebrates a court victory for @ realDonaldTrump in Georgia which stops @ @ @ @ @ counties from being wiped .
# MAGA # AmericaFirst # Dobbs pic.twitter.com/YYEOjp7PON

The Battle for the White House: @SidneyPowell1 celebrates a court victory for @realDonaldTrump in Georgia which stops Dominion voting machines in 3 counties from being wiped. #MAGA #AmericaFirst #Dobbs pic.twitter.com/YYEOjp7PON
— Lou Dobbs (@LouDobbs) November 30, 2020


investmentwatchblog--2020-12-02--What Do We Do with All This Debt?

What Do We Do with All This Debt?

Before the coronavirus pandemic I expected the US would hit the debt wall in the late 2020s .
Now , the debt is growing even faster and we will hit that wall a lot sooner .
What happens when we come to the place where we have to deal with all that debt ?
Fortunately , my favorite central banker , Bill White — who was the Bank for International Settlements ’ chief economist — did a brilliant interview with my friend Mark Dittli in Switzerland in November that gives us some answers .
Today , the Canadian criticizes the @ @ @ @ @ @ @ the wrong policies over the past three decades , which have caused ever higher debt and ever greater instability in the financial system.
” He suggests that the current crisis should be used to rethink in order to build a more stable economic system , one in which fiscal policy plays a greater role and that relies more on productive investment .
In this in-depth conversation , White says what should be done – and he demands more humility from decision makers : “ We know much less about the economy than we @ @ @ @ @ @ @ calling for austerity at this time .
He recognizes we are in a recession/potential depression .
But he does want more emphasis on the fiscal policy and not central banks .
We ’ re on a slope where monetary policy has become increasingly ineffective in promoting real economic growth .
Every crisis was met with monetary easing that caused debt and other imbalances to accumulate over time , and that caused the next crisis to be bigger than the previous one .
The next crisis then needed more punch from central banks .
@ @ @ @ @ @ @ as much in upturns as they were lowered in downturns , the capacity to deliver that punch was decreasing .
[ The recent March , 2020 ] episode perfectly encapsulates my view of what ’ s wrong with our monetary policy of the past decades .
True , the Fed had no choice but to step in to prevent a financial meltdown .
But this meltdown only happened because of the monetary policy followed over previous years .
… my point is : Central banks create the instabilities , then they have to @ @ @ @ @ @ @ and by that they create even more instabilities .
They keep shooting themselves in the foot .
William Dudley and other US central bankers are beginning to admit that they have come to the end of their effective ability to manage their respective economies .
Governments have to step in with fiscal policy that is actually targeted and productive .
Then Bill lists four ways that we can deal with the debt , not all of them palatable : There is no return back to any form of normalcy without dealing with the @ @ @ @ @ @ @ in the room .
If we agree that the policy of the past 30 years has created an ever-growing mountain of debt and ever rising instabilities in the system , then we need to deal with that .
In theory , there are four ways to get rid of an overhang of bad debt .
One : Households , corporations and governments try to save more to repay their debt .
But we know that this gets you into the Keynesian Paradox of Thrift , where the economy collapses .
So this way @ @ @ @ @ @ @ can try to grow your way out of a debt overhang , through stronger real economic growth .
But we know that a debt overhang impedes real economic growth .
Of course , we should try to increase potential growth through structural reforms , but this is unlikely to be the silver bullet that saves us .
This leaves the two remaining ways : higher nominal growth — i.e.
, higher inflation — or try to get rid of the bad debt by restructuring and writing it off .
When later asked about @ @ @ @ @ @ @ ’ s the one I would strongly advise .
Approach the problem , try to identify the bad debts , and restructure them in as orderly a fashion that you can .
But we know how extremely difficult it is to get creditors and debtors together to sort this out cooperatively .
Our current procedures are completely inadequate .
How long can this go on ?
Longer than you might think .
From David Rosenberg , Chief economist and strategist at Gluskin Sheff & Associates : We had core CPI data out of @ @ @ @ @ @ @ into deflation to -0.7 % in October from -0.3 % in September .
The is the sharpest move into deflation terrain since March 2011 .
A country with a 700 % total debt-to-GDP ratio , two decades of zero interest rates , and a central bank balance sheet that is 130 % of GDP .
Nice to see how all the credit creation has managed to spur on a reflationary backdrop .
Shades of what ’ s to come in the U.S .
I agree the US could turn Japanese .
While I @ @ @ @ @ @ @ short term ( 2 to 3 years ) , the debt overhang and growth of central bank reserves will lead us directly into the same problem Japan is facing .
That is , a deflationary economic cycle with no growth .
It will be a strange new world that will have no resemblance to the last decade ’ s “ normal.
” We will stumble through and some of us will do extraordinarily well , because we position ourselves to take advantage of this cycle .
New technology ( especially biotechnology ) will @ @ @ @ @ @ @ , so that ’ s a good place to start looking for opportunity .
I predict an unprecedented crisis that will lead to the biggest wipeout of wealth in history .
And most investors are completely unaware of the pressure building right now .
Learn more here .

by John Mauldin
Before the coronavirus pandemic I expected the US would hit the debt wall in the late 2020s. Now, the debt is growing even faster and we will hit that wall a lot sooner.
What happens when we come to the place where we have to deal with all that debt?
Fortunately, my favorite central banker, Bill White — who was the Bank for International Settlements’ chief economist — did a brilliant interview with my friend Mark Dittli in Switzerland in November that gives us some answers.
Today, the Canadian criticizes the central banks: “They have pursued the wrong policies over the past three decades, which have caused ever higher debt and ever greater instability in the financial system.”
He suggests that the current crisis should be used to rethink in order to build a more stable economic system, one in which fiscal policy plays a greater role and that relies more on productive investment.
In this in-depth conversation, White says what should be done – and he demands more humility from decision makers: “We know much less about the economy than we think we do.”
Bill is not calling for austerity at this time. He recognizes we are in a recession/potential depression. But he does want more emphasis on the fiscal policy and not central banks.
We’re on a slope where monetary policy has become increasingly ineffective in promoting real economic growth. Every crisis was met with monetary easing that caused debt and other imbalances to accumulate over time, and that caused the next crisis to be bigger than the previous one. The next crisis then needed more punch from central banks. But since interest rates were never raised as much in upturns as they were lowered in downturns, the capacity to deliver that punch was decreasing.
[The recent March, 2020] episode perfectly encapsulates my view of what’s wrong with our monetary policy of the past decades. True, the Fed had no choice but to step in to prevent a financial meltdown. But this meltdown only happened because of the monetary policy followed over previous years.
… my point is: Central banks create the instabilities, then they have to save the system during the crisis, and by that they create even more instabilities. They keep shooting themselves in the foot.
William Dudley and other US central bankers are beginning to admit that they have come to the end of their effective ability to manage their respective economies. Governments have to step in with fiscal policy that is actually targeted and productive.
Then Bill lists four ways that we can deal with the debt, not all of them palatable:
There is no return back to any form of normalcy without dealing with the debt overhang. This is the elephant in the room. If we agree that the policy of the past 30 years has created an ever-growing mountain of debt and ever rising instabilities in the system, then we need to deal with that.
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In theory, there are four ways to get rid of an overhang of bad debt.
One: Households, corporations and governments try to save more to repay their debt. But we know that this gets you into the Keynesian Paradox of Thrift, where the economy collapses. So this way leads to disaster.
Two: You can try to grow your way out of a debt overhang, through stronger real economic growth. But we know that a debt overhang impedes real economic growth. Of course, we should try to increase potential growth through structural reforms, but this is unlikely to be the silver bullet that saves us.
This leaves the two remaining ways: higher nominal growth — i.e., higher inflation — or try to get rid of the bad debt by restructuring and writing it off.
When later asked about write-offs, Bill said this:
That’s the one I would strongly advise. Approach the problem, try to identify the bad debts, and restructure them in as orderly a fashion that you can. But we know how extremely difficult it is to get creditors and debtors together to sort this out cooperatively. Our current procedures are completely inadequate.
How long can this go on? Longer than you might think. From David Rosenberg, Chief economist and strategist at Gluskin Sheff & Associates:
We had core CPI data out of Japan and the YoY trend went further into deflation to -0.7% in October from -0.3% in September. The is the sharpest move into deflation terrain since March 2011.
A country with a 700% total debt-to-GDP ratio, two decades of zero interest rates, and a central bank balance sheet that is 130% of GDP. Nice to see how all the credit creation has managed to spur on a reflationary backdrop. Shades of what’s to come in the U.S.
I agree the US could turn Japanese.
While I think we will see inflation in the short term (2 to 3 years), the debt overhang and growth of central bank reserves will lead us directly into the same problem Japan is facing. That is, a deflationary economic cycle with no growth.
It will be a strange new world that will have no resemblance to the last decade’s “normal.”
We will stumble through and some of us will do extraordinarily well, because we position ourselves to take advantage of this cycle. New technology (especially biotechnology) will make our lives better all the while, so that’s a good place to start looking for opportunity.
I predict an unprecedented crisis that will lead to the biggest wipeout of wealth in history. And most investors are completely unaware of the pressure building right now. Learn more here.


investmentwatchblog--2020-12-02--Armstrong: The Only Solution To The Fraudulent Presidential Election…

Democrats are like zebra , they change their stripes according to self-interest whereas the Republicans can become white elephants when required .
In this case , the mainstream media and governors swear the vote was real .
However , Biden received more votes in only the swing states , beating Obama and Hillary , which is really astonishing .
But the truth has been that people have been warning for a very long time that the American voting machines have been vulnerable and nobody has addressed the issue .
In fact , the American voting system VIOLATES the Equal Protection @ @ @ @ @ @ @ nationally for a federal election .
In some states , anyone charged with any crime loses their right to vote and the governor has to restore it while in other states they can vote .
This is no different than saying people of color are not allowed to vote in some states or anyone who belongs to a particular religion .
Then not all states allocate electoral votes on a winner takes all method .
Two states allocate electors according to the popular vote .
Can the election be a do-over ?
No @ @ @ @ @ @ @ only solution is that the election should be ruled null and void by the Supreme Court and it should be thrown into the House of Representatives .
The allegations of fraud are massive .
I seriously doubt that 25 % of the people voted for Biden because they really thought he was competent .
The rest voted for Biden because they hated Trump .
The computer has been correct far beyond what even I suspected was possible .
Yes , it forecast that this would end in the most violent election since the @ @ @ @ @ @ @ protesting and they want to overthrow the United States , capitalism , and colonialism .
Besides tearing down whatever they can get their hands on , what is their solution ?
If the land was stolen from the Indians , then the right thing to do is not tear down statues of Columbus , but get on the next plane and go back to their original country .
You can ’ t have it both ways .

by Martin Armstrong
Democrats are like zebra, they change their stripes according to self-interest whereas the Republicans can become white elephants when required. In this case, the mainstream media and governors swear the vote was real. However, Biden received more votes in only the swing states, beating Obama and Hillary, which is really astonishing. But the truth has been that people have been warning for a very long time that the American voting machines have been vulnerable and nobody has addressed the issue. In fact, the American voting system VIOLATES the Equal Protection Clause because there is absolutely no standard nationally for a federal election. In some states, anyone charged with any crime loses their right to vote and the governor has to restore it while in other states they can vote. This is no different than saying people of color are not allowed to vote in some states or anyone who belongs to a particular religion. Then not all states allocate electoral votes on a winner takes all method. Two states allocate electors according to the popular vote.
We are primarily funded by readers. Please subscribe and donate to support us!
Can the election be a do-over? No, there is no time. The only solution is that the election should be ruled null and void by the Supreme Court and it should be thrown into the House of Representatives. The allegations of fraud are massive. I seriously doubt that 25% of the people voted for Biden because they really thought he was competent. The rest voted for Biden because they hated Trump. The computer has been correct far beyond what even I suspected was possible. Yes, it forecast that this would end in the most violent election since the ’60s. We have Antifa sill protesting and they want to overthrow the United States, capitalism, and colonialism. Besides tearing down whatever they can get their hands on, what is their solution? If the land was stolen from the Indians, then the right thing to do is not tear down statues of Columbus, but get on the next plane and go back to their original country. You can’t have it both ways.


investmentwatchblog--2020-12-02--Possible 3 To 5 Weeks Of Choppiness Before Gold Gets Upside Momentum

What they said before vs. What they are saying now

by Gary Savage of Smart Money Tracker
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Gold the bottom is near


investmentwatchblog--2020-12-02--Daniel Lacalle: DOLLAR COLLAPSE? Careful With The Carry Trade

Daniel Lacalle , PhD , economist and fund manager , is the author of the bestselling books Freedom or Equality @ @ @ @ @ from the Central Bank Trap ( 2017 ) .
He is a professor of global @ @ @ @ @ in Madrid and Chief Economist at Tressis SV .
Ranked as one of the top @ @ @ @ @ the world in 2016 and 2017 by Richtopia , he holds the CIIA financial analyst @ @ @ @ @ degree in higher business studies and a master ’ s degree in economic investigation .
@ @ @ @ @ the advisory board of the Rafael del Pino Foundation and Commissioner of the Community of @ @ @ @

Daniel Lacalle – YouTube, Released on 12/1/20
We are primarily funded by readers. Please subscribe and donate to support us!
Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020) and Escape from the Central Bank Trap (2017). He is a professor of global economy at IE Business School in Madrid and Chief Economist at Tressis SV. Ranked as one of the top twenty most influential economists in the world in 2016 and 2017 by Richtopia, he holds the CIIA financial analyst title, with a postgraduate degree in higher business studies and a master’s degree in economic investigation. He is a member of the advisory board of the Rafael del Pino Foundation and Commissioner of the Community of Madrid in London.


investmentwatchblog--2020-12-02--Jason Burack: Wall Street Banks Want To Sell Lots More Corporate Bonds Despite Alarming Rise of Zomb

Jason Burack: Wall Street Banks Want To Sell Lots More Corporate Bonds Despite Alarming Rise of Zombie Companies

Wall Street banks say that subzero yields are good for selling even more corporate bonds and corporate credit ?
www.marketwatch.com/story/neg… Only a few weeks ago , Jason explained the entire Wall Street bank bond selling scheme that is back after the Fed unfroze credit markets in March and April .
But recently , we have found out that there is a staggering amount of large , publicly traded companies listed on US stock exchanges that are considered zombie companies and can not even service their debts !
America ’ s Zombie Companies Have Racked Up $ 1.4 Trillion of Debt @ @ @ @ @ @ @ to sell even more bonds and credit to them for high fees , sales commissions and bonuses ?
Daniel LaCalle ’ s Mises Institute article from a few years ago about EU zombie companies : The Rise of Zombie Companies — And Why It Matters mises.org/library/rise-zombie… Jason Burack is an investor , entrepreneur , financial historian , Austrian School economist , and contrarian .
Jason co-founded the startup financial education company Wall St for Main St , LLC , to try to help the people of Main Street by teaching them the knowledge @ @ @ @ @ @ @ investing expertise of Wall Street .
You can also find Jason ’ s work at his blog website at www.jasonburack.com .

Wall St. For Main St., Released on 12/1/20
Wall Street banks say that subzero yields are good for selling even more corporate bonds and corporate credit? www.marketwatch.com/story/neg…
WAIT WHAT???
Only a few weeks ago, Jason explained the entire Wall Street bank bond selling scheme that is back after the Fed unfroze credit markets in March and April.
We are primarily funded by readers. Please subscribe and donate to support us!
But recently, we have found out that there is a staggering amount of large, publicly traded companies listed on US stock exchanges that are considered zombie companies and cannot even service their debts! America’s Zombie Companies Have Racked Up $1.4 Trillion of Debt finance.yahoo.com/news/americ…
And yet Wall Street banks want to sell even more bonds and credit to them for high fees, sales commissions and bonuses?
Daniel LaCalle’s Mises Institute article from a few years ago about EU zombie companies: The Rise of Zombie Companies — And Why It Matters mises.org/library/rise-zombie…
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.


investmentwatchblog--2020-12-02--What happens when a central bank becomes a hedge fund?

It is a sign of the times that we need to sub divide the intervention by central banks but we do .
So today I will not be looking at the sovereign bond buying of which , for example , the Bank of England will deploy some £1.473 billion this afternoon .
As this is state to state action although some still live in a sort of delirium where the central bank independently does this .
What I am referring to is where the central bank buys private-sector assets .
For example if I switch to the European Central Bank @ @ @ @ @ @ @ weekly data it bought three types of private-sector bond .
The largest has been of Covered Bonds of which the various programmes total 290 billion Euros with 1.5 billion bought that week .
Oh and you will not be surprised to learn that this went on well before the ECB started general QE and it benefits the banks .
A rather similar effort is the purchase of asset back securities about which you may recall ECB President Mario Draghi making quite a song and dance a few years back .
Anyway in spite @ @ @ @ @ @ @ to much in the general scheme of things at 30 billion Euros and 600 million added in the week .
It is hard not to have a wry smile as I note the purchases across the rest of the economy are smaller than those to help The Precious !
The Precious !
As the corporate bond programme totals some 247 billion Euros with 1.9 billion bough that week .
The issue here is twofold .
The ECB is exposing itself to a genuine risk of loss and it is favouring some parts of @ @ @ @ @ @ @ with favouring the banks and moves onto helping larger rather than smaller companies leading to more risk of Zombification .
All of that gets a much bigger risk of the central bank sings along with David Bowie .
Here is Isabel Schabel from late August .
What could go wrong ?
Especially as she seems to think she and her colleagues know better than financial markets .
These add a new level of risk as at least in theory bonds offer more protection for an unwary central bank .
So let me start @ @ @ @ @ @ @ mind today .
So the Nikkei 225 index had a pretty stellar November and that theme has continued today .
However we learn something by noting that even a month where it rose by 15 % the central planners at the Bank of Japan still felt the need to buy equities twice as they bought a bit over 70 billion Yen on the 13th and the 18th .
This is a road to a situation where their equity holdings now exceed 35 trillion Yen which is why I have described it as The @ @ @ @ @ @ @ that into context that is the equivalent of owning Toyota which is Japan ’ s largest company more than one and a half times .
The Bank of Japan acts passively and buys exchange traded funds ( ETFs ) aiming to match the Nikkei 400 index.So with the concentration of equity markets these days it will not be much different to the 225 index as even in it the smallest 40 rarely traded even in my time working there .
It also buys smaller amounts ( 1.2 billion Yen ) of both commercial @ @ @ @ @ @ @ and human capital .
In fact it does the latter most days .
For those of you unaware of this I guess I have given you a completely different perspective on the Japanese stock market and in particular on its rise .
It too is an equity buyer but this time of foreign equity as its road to here was via its enormous foreign exchange interventions as it has battled the rise of the Swiss Franc .
Remember the days when it promised and indeed boasted that its interventions would be “ unlimited @ @ @ @ @ @ @ much it found itself with a problem in the conventional way of hedging this .
This is because the scale meant it was distorting Euro area bond markets for example as we mull it competing with the ECB .
So its brains trust came up with the idea of buying equities which has turned out to be mostly in the United States .
You may note that the investment seems guided at first but then switches to pretty much anything .
I can however give you a pointer to the US holdings from @ @ @ @ @ @ @ market hitting new highs that will have risen since then .
Also here are its main holdings there .
Something that may get Swiss watchmakers a little hot under the collar is their central bank ’ s large stake in the producer of the Apple Watch .
One theme here is the fact that it is the countries I described back in the day as the “ Currency Twins ” who are at the outer limits of central bank action here .
Although there is a nuance in that the SNB is the @ @ @ @ @ @ @ The Tokyo Whale is only playing it implicitly , But there are joint dangers here .
• Risk of bankruptcy of a share holding .
That is fresh in my mind today via the collapse of Arcadia in the UK although as a private company it was different .
• What do central bankers know about equity market investment ?
• How do they ever stop and one day reverse course ?
• How does this fulfill their mandate ?
There are differences as the SNB has the advantage of playing in a @ @ @ @ @ @ @ Japan is more like Gulliver in Lilliput .
How can it exit its own equity market and who would it be able to sell to ?
As it continues to buy more we get another perspective as it gets ever more unable to retreat .
In conclusion the wider danger is that other central banks get in on the same game as they spot that in relative terms UK and Euro area equity markets have underperformed .

by Shaun Richards
It is a sign of the times that we need to sub divide the intervention by central banks but we do. So today I will not be looking at the sovereign bond buying of which, for example, the Bank of England will deploy some £1.473 billion this afternoon. As this is state to state action although some still live in a sort of delirium where the central bank independently does this.
What I am referring to is where the central bank buys private-sector assets. For example if I switch to the European Central Bank or ECB then in its latest published weekly data it bought three types of private-sector bond. The largest has been of Covered Bonds of which the various programmes total 290 billion Euros with 1.5 billion bought that week. Oh and you will not be surprised to learn that this went on well before the ECB started general QE and it benefits the banks.
A bank sells a number of investments that produce cash, typically mortgages or public sector loans, to a financial institution. That company then assembles the investments into packages and issues them as bonds. ( Investopaedia)
A rather similar effort is the purchase of asset back securities about which you may recall ECB President Mario Draghi making quite a song and dance a few years back. Anyway in spite of the hype this has not amount to much in the general scheme of things at 30 billion Euros and 600 million added in the week.
It is hard not to have a wry smile as I note the purchases across the rest of the economy are smaller than those to help The Precious! The Precious! As the corporate bond programme totals some 247 billion Euros with 1.9 billion bough that week.
The issue here is twofold. The ECB is exposing itself to a genuine risk of loss and it is favouring some parts of the economy over others. That starts with favouring the banks and moves onto helping larger rather than smaller companies leading to more risk of Zombification. All of that gets a much bigger risk of the central bank sings along with David Bowie.
Fashion, turn to the left
Fashion, turn to the right
Ooh fashion
We are the goon squad and we’re coming to town
Beep-beep, beep-beep
Here is Isabel Schabel from late August.
One idea that I have been pushing a bit in recent months is the idea of a green capital markets union. The idea is to combine the whole reform process for capital markets union with the green transition. I think there is a huge potential there for Europe. It would help a lot and would also – in an uncontroversial way – allow us to buy more green bonds.
What could go wrong? Especially as she seems to think she and her colleagues know better than financial markets.
And there is the alternative view that markets are not pricing climate risks properly, so there is a market distortion.
Equity Purchases
Bank of Japan
These add a new level of risk as at least in theory bonds offer more protection for an unwary central bank. So let me start with what brought this subject to my mind today.
Tokyo’s benchmark stock index started December in some style. The Nikkei Average enjoyed its highest close since April 1991. The index ended Tuesday at 26,787, up 1.3 percent from Monday’s close. Investors placed buy orders in a wide range of sectors from the opening. Tuesday’s bounce came after news that US pharmaceutical firm Moderna has sought regulatory approval for its COVID vaccine. They say it was 94 percent effective in clinical trials. The strong start to December followed a month that had the Nikkei firing on all cylinders. Vaccine news and the US election result helped boost the index by 15 percent. ( NHK News)
So the Nikkei 225 index had a pretty stellar November and that theme has continued today. However we learn something by noting that even a month where it rose by 15% the central planners at the Bank of Japan still felt the need to buy equities twice as they bought a bit over 70 billion Yen on the 13th and the 18th. This is a road to a situation where their equity holdings now exceed 35 trillion Yen which is why I have described it as The Tokyo Whale in the past. Putting that into context that is the equivalent of owning Toyota which is Japan’s largest company more than one and a half times.
We are primarily funded by readers. Please subscribe and donate to support us!
The Bank of Japan acts passively and buys exchange traded funds ( ETFs) aiming to match the Nikkei 400 index.So with the concentration of equity markets these days it will not be much different to the 225 index as even in it the smallest 40 rarely traded even in my time working there. It also buys smaller amounts ( 1.2 billion Yen) of both commercial property REITs and equities to promote physical and human capital. In fact it does the latter most days.
For those of you unaware of this I guess I have given you a completely different perspective on the Japanese stock market and in particular on its rise.
Swiss National Bank
It too is an equity buyer but this time of foreign equity as its road to here was via its enormous foreign exchange interventions as it has battled the rise of the Swiss Franc. Remember the days when it promised and indeed boasted that its interventions would be “unlimited”. Well it piled in so much it found itself with a problem in the conventional way of hedging this. This is because the scale meant it was distorting Euro area bond markets for example as we mull it competing with the ECB. So its brains trust came up with the idea of buying equities which has turned out to be mostly in the United States.
The equity portfolios in the foreign exchange reserves comprise of shares of mid-cap and large-cap companies in advanced economies and, to a lesser extent, shares of small-cap companies, as well as shares of companies in emerging economies.The SNB does not engage in equity selection; it only invests passively. ( SNB)
You may note that the investment seems guided at first but then switches to pretty much anything. I can however give you a pointer to the US holdings from the SEC data.
As of 2020-09-30, the fund was valued at $127,874,338,000.
With the US market hitting new highs that will have risen since then. Also here are its main holdings there.
According to SNB filings to the end of July, a third of its $125 billion equity portfolio were held in technology stocks. Some 5% of the SNB’s holdings were in Apple shares alone – its single biggest investment – and 18% of its equity stash was in the top five U.S. tech giants.
Something that may get Swiss watchmakers a little hot under the collar is their central bank’s large stake in the producer of the Apple Watch.
Comment
One theme here is the fact that it is the countries I described back in the day as the “Currency Twins” who are at the outer limits of central bank action here. Although there is a nuance in that the SNB is the one explicitly playing the currency game whereas The Tokyo Whale is only playing it implicitly, But there are joint dangers here.
Risk of bankruptcy of a share holding. That is fresh in my mind today via the collapse of Arcadia in the UK although as a private company it was different. What do central bankers know about equity market investment? How do they ever stop and one day reverse course? How does this fulfill their mandate?
There are differences as the SNB has the advantage of playing in a much larger market whereas the Bank of Japan is more like Gulliver in Lilliput. How can it exit its own equity market and who would it be able to sell to? As it continues to buy more we get another perspective as it gets ever more unable to retreat.
In conclusion the wider danger is that other central banks get in on the same game as they spot that in relative terms UK and Euro area equity markets have underperformed.


investmentwatchblog--2020-12-02--This Was All Predicted 10 Years Ago

This Was All Predicted 10 Years Ago

In 2010 , the scientific journal Nature published a collection of opinions looking ahead 10 years , i.e.
, where we are right now .
Nature then published a short response from zoologist Peter Turchin in its February 2010 issue .
Quantitative historical analysis reveals that complex human societies are affected by recurrent — and predictable — waves of political instability ( P. Turchin and S. A. Nefedov Secular Cycles Princeton Univ .
Press ; 2009 ) .
In the United States , we have stagnating or declining real wages , a growing gap between rich and poor , overproduction @ @ @ @ @ @ @ and exploding public debt .
These seemingly disparate social indicators are actually related to each other dynamically .
They all experienced turning points during the 1970s .
Historically , such developments have served as leading indicators of looming political instability .
Very long “ secular cycles ” interact with shorter-term processes .
In the United States , 50-year instability spikes occurred around 1870 , 1920 and 1970 , so another could be due around 2020 .
We are also entering a dip in the so-called Kondratiev wave , which traces 40- to 60-year @ @ @ @ @ @ @ future recessions will be severe .
In addition , the next decade will see a rapid growth in the number of people in their 20s , like the youth bulge that accompanied the turbulence of the 1960s and 1970s .
All these cycles look set to peak in the years around 2020 .
Again , that was from 2010 .
Right on schedule , we are experiencing the “ instability spike ” Turchin says tends to come along every 50 years .
Why 50 years ?
It relates to the human lifespan .
@ @ @ @ @ @ @ during the period around 1970 .
Baby Boomers were all 25 or younger at the time .
Managing the chaos fell on older generations , who remembered it well and spent the rest of their lives trying to prevent more of it .
But after 50 years or so , they are mostly gone .
We who remain must learn the lesson again .
I ’ ve talked before about Neil Howe ’ s “ Fourth Turning ” idea , and George Friedman ’ s geopolitical cycles , both of which are peaking @ @ @ @ @ @ @ also sees a different geopolitical 50-year cycle playing out in the mid to late ’ 20s .
This overlaps with his 80-year geopolitical cycle for the first time .
The mid- to late ’ 20s should see the climax of Neil Howe ’ s Fourth Turning .
Now we see Peter Turchin postulating a similar time frame for different reasons .
None of them , to my knowledge , expected the pandemic we are now experiencing .
What is its effect ?
Well , we know the pandemic triggered a recession that may @ @ @ @ @ @ @ rival the Great Depression .
For millions of Americans , it is not just something they read about .
They feel it .
You ’ ve probably seen this famous 1931 photo of Al Capone ’ s Chicago soup kitchen .
The 2020 equivalent is happening in my former hometown Dallas .
This photo from November brought a tear to my eye .
We do see progress was made between these images .
The people obviously have cars and fuel .
Those were elite luxuries in 1931 .
Some of these people may @ @ @ @ @ @ @ ’ re not elites .
Actual elites don ’ t have to wait in line for food .
They call Whole Foods or DoorDash and have it delivered .
The problem , borrowing Turchin ’ s framework , is that some thought they were elites .
Even if they didn ’ t exactly think of themselves as elite , they did enjoy the benefits of good jobs .
At least , until recently .
This year took away that illusion , and they ’ re naturally disappointed .
They may join the “ @ @ @ @ @ @ @ This is where we are .
The hard times we ’ ve long anticipated are here .
That 1931 soup kitchen photo was just the beginning of a long , dark period .
It got a lot worse .
Pay attention when you see multiple smart people reaching similar conclusions for different reasons .
We are now at Turchin calls the final stage , when elites try to pacify the masses with bread and circuses .
Doing so racks up the debt and suppresses economic growth .
Debt is accumulating faster than I @ @ @ @ @ @ @ happen sooner than I expected .
This pandemic and recession may push us there faster because they are making the debt grow faster .
Whenever it comes , we should welcome it .
The alternatives may be even worse .
I predict an unprecedented crisis that will lead to the biggest wipeout of wealth in history .
And most investors are completely unaware of the pressure building right now .
Learn more here .

by John Mauldin
In 2010, the scientific journal Nature published a collection of opinions looking ahead 10 years, i.e., where we are right now.
Nature then published a short response from zoologist Peter Turchin in its February 2010 issue.
Quantitative historical analysis reveals that complex human societies are affected by recurrent — and predictable — waves of political instability (P. Turchin and S. A. Nefedov Secular Cycles Princeton Univ. Press; 2009). In the United States, we have stagnating or declining real wages, a growing gap between rich and poor, overproduction of young graduates with advanced degrees, and exploding public debt. These seemingly disparate social indicators are actually related to each other dynamically. They all experienced turning points during the 1970s. Historically, such developments have served as leading indicators of looming political instability.
Very long “secular cycles” interact with shorter-term processes. In the United States, 50-year instability spikes occurred around 1870, 1920 and 1970, so another could be due around 2020.
We are also entering a dip in the so-called Kondratiev wave, which traces 40- to 60-year economic-growth cycles. This could mean that future recessions will be severe.
In addition, the next decade will see a rapid growth in the number of people in their 20s, like the youth bulge that accompanied the turbulence of the 1960s and 1970s.
All these cycles look set to peak in the years around 2020.
Again, that was from 2010. Right on schedule, we are experiencing the “instability spike” Turchin says tends to come along every 50 years.
Why 50 years? It relates to the human lifespan.
Consider who was “in charge” during the period around 1970. Baby Boomers were all 25 or younger at the time. Managing the chaos fell on older generations, who remembered it well and spent the rest of their lives trying to prevent more of it.
But after 50 years or so, they are mostly gone. We who remain must learn the lesson again.
I’ve talked before about Neil Howe’s “Fourth Turning” idea, and George Friedman’s geopolitical cycles, both of which are peaking in this decade.
Interestingly, Friedman also sees a different geopolitical 50-year cycle playing out in the mid to late ’20s. This overlaps with his 80-year geopolitical cycle for the first time. The mid- to late ’20s should see the climax of Neil Howe’s Fourth Turning.
Now we see Peter Turchin postulating a similar time frame for different reasons. None of them, to my knowledge, expected the pandemic we are now experiencing. What is its effect?
We are primarily funded by readers. Please subscribe and donate to support us!
Well, we know the pandemic triggered a recession that may, before it’s over, rival the Great Depression. For millions of Americans, it is not just something they read about. They feel it.
You’ve probably seen this famous 1931 photo of Al Capone’s Chicago soup kitchen.
Source: Wikimedia
The 2020 equivalent is happening in my former hometown Dallas. This photo from November brought a tear to my eye.
Source: CBSDFW via Twitter
We do see progress was made between these images. The people obviously have cars and fuel. Those were elite luxuries in 1931. Some of these people may be educated and intelligent, but they’re not elites.
Actual elites don’t have to wait in line for food. They call Whole Foods or DoorDash and have it delivered.
The problem, borrowing Turchin’s framework, is that some thought they were elites. Even if they didn’t exactly think of themselves as elite, they did enjoy the benefits of good jobs. At least, until recently.
This year took away that illusion, and they’re naturally disappointed. They may join the “counter-elites” and seek more power.
This is where we are. The hard times we’ve long anticipated are here. That 1931 soup kitchen photo was just the beginning of a long, dark period. It got a lot worse.
Pay attention when you see multiple smart people reaching similar conclusions for different reasons. We are now at Turchin calls the final stage, when elites try to pacify the masses with bread and circuses. Doing so racks up the debt and suppresses economic growth.
Debt is accumulating faster than I expected, so The Great Reset may happen sooner than I expected. This pandemic and recession may push us there faster because they are making the debt grow faster.
Whenever it comes, we should welcome it. The alternatives may be even worse.
I predict an unprecedented crisis that will lead to the biggest wipeout of wealth in history. And most investors are completely unaware of the pressure building right now. Learn more here.


investmentwatchblog--2020-12-02--PA postal truck driver shipped Update whiteleblower story, estimated 144,000 to 288,000 completed ba

PA postal truck driver shipped Update whiteleblower story, estimated 144,000 to 288,000 completed ballots across three state lines in October

We have three whistleblowers who will reveal substantial evidence of unlawful actions made by election officials ; and widespread illegal @ @ @ @ @ influence the outcome of the election .

We have three whistleblowers who will reveal substantial evidence of unlawful actions made by election officials; and widespread illegal efforts by USPS workers to influence the outcome of the election.
2PM EST TODAY pic.twitter.com/VWUD593a1v
— Phillip Kline (@PhillDKline) December 1, 2020


investmentwatchblog--2020-12-02--AG Barr is Protecting Hillary Clinton

AG Barr is Protecting Hillary Clinton

Right now , Barr DOJ protecting Hillary Clinton directly and trying to shutdown all @ JudicialWatch Clinton email discovery and @ @ @ @ @ of Obamagate emails/texts of Page/Strzok/McCabe .
Outrageous .
@ RealDonaldTrump should issue an emergency transparency @ @

Right now, Barr DOJ protecting Hillary Clinton directly and trying to shutdown all @JudicialWatch Clinton email discovery and suits, holding up release of Obamagate emails/texts of Page/Strzok/McCabe. Outrageous. @RealDonaldTrump should issue an emergency transparency order.
— Tom Fitton (@TomFitton) December 1, 2020


investmentwatchblog--2020-12-02--Energy Crisis to Cause Never-Ending Gold Bull

Tom welcomes a new guest to the show , Steve St. Angelo from the SRSrocco Report .
Steve says , “ You don ’ t have an economy unless your burning energy .
Today , we take energy for granted.
” For thousands of years , gold and silver represented that energy store .
Steve discusses his video “ The Energy Cliff , ” which argues that technology itself is an energy consumer .
Since GDP is directly linked to energy , there is an increasingly bad feedback cycle coming .
Shale oil over the past decade has been responsible @ @ @ @ @ @ @ and unsustainable oil source has temporarily propped up the world .
He discusses how energy returned per barrel has declined massively since the 1930s .
Today , the world is consuming four barrels of oil for every new barrel discovered .
Debt and low-interest rates are being used to offset this lack of energy availability .
He argues that you can ’ t offset a decline in energy from fossil fuels with wind and solar .
Alternative energy requires a lot of energy input to create those panels and turbines .
He discusses @ @ @ @ @ @ @ he believes we will see peak gold production in the coming years .
The 2008 financial crisis and now the pandemic crisis has made people understand gold and silver .
As this energy crisis worsens , more people will want to acquire precious metals .
Steve argues that the next bull market in precious metals will not end .
He believes the pandemic has provided us with a preview of where real estate and the economy will head .
Lastly , Steve discusses why silver will be driven by investment demand and why @ @ @ @ @ @ @ economy with stable production levels .
Time Stamp References : 0:00 – Intro 0:54 – Steve ’ s Energy Thesis 3:41 – Growth & Energy Cliff 6:22 – Technology & EROI 8:00 – Unsustainable Shale Oil 9:42 – EROI Statistics 12:09 – Oil Usage & Green Energy 17:09 – Uranium & Nuclear 19:24 – Peak Gold Production ?
22:50 – Oil & Metal Price Trends 25:20 – Next Gold Bull Won ’ t End 27:20 – Thermodynamic Economy 34:30 – Why Silver is Undervalued 36:25 – Investment Demand 37:22 – Technicals 39:51 – @ @ @ @ @ @ @

Steve St Angelo on Palisades Radio
Tom welcomes a new guest to the show, Steve St. Angelo from the SRSrocco Report. Steve says, “You don’t have an economy unless your burning energy. Today, we take energy for granted.” For thousands of years, gold and silver represented that energy store.
Steve discusses his video “The Energy Cliff,” which argues that technology itself is an energy consumer. Since GDP is directly linked to energy, there is an increasingly bad feedback cycle coming. Shale oil over the past decade has been responsible for current economic growth. This expensive and unsustainable oil source has temporarily propped up the world.
He discusses how energy returned per barrel has declined massively since the 1930s. Today, the world is consuming four barrels of oil for every new barrel discovered. Debt and low-interest rates are being used to offset this lack of energy availability.
He argues that you can’t offset a decline in energy from fossil fuels with wind and solar. Alternative energy requires a lot of energy input to create those panels and turbines.
We are primarily funded by readers. Please subscribe and donate to support us!
He discusses the limits of nuclear power and why he believes we will see peak gold production in the coming years.
The 2008 financial crisis and now the pandemic crisis has made people understand gold and silver. As this energy crisis worsens, more people will want to acquire precious metals. Steve argues that the next bull market in precious metals will not end. He believes the pandemic has provided us with a preview of where real estate and the economy will head.
Lastly, Steve discusses why silver will be driven by investment demand and why futures markets only work in a stable economy with stable production levels.
Talking Points From This Episode
World Takes Energy for Granted
Energy Return on Investment
Lack of Oil Alternatives
Uranium, Gold, Silver & Futures
Time Stamp References:
0:00 – Intro
0:54 – Steve’s Energy Thesis
3:41 – Growth & Energy Cliff
6:22 – Technology & EROI
8:00 – Unsustainable Shale Oil
9:42 – EROI Statistics
12:09 – Oil Usage & Green Energy
17:09 – Uranium & Nuclear
19:24 – Peak Gold Production?
22:50 – Oil & Metal Price Trends
25:20 – Next Gold Bull Won’t End
27:20 – Thermodynamic Economy
34:30 – Why Silver is Undervalued
36:25 – Investment Demand
37:22 – Technicals
39:51 – Futures Contracts
43:00 – Bitcoin & Energy


investmentwatchblog--2020-12-03--Why Government Stimulus Sometimes Looks like It Revives the Economy

Once an economy falls into an economic slump and the level of unemployment begins to rise most commentators are of the view that it is the duty of the government and the central bank to step in to counter the rise in unemployment .
Some commentators are of the view that the lowering of unemployment can be achieved without any cost given that the unemployed individuals are idle .
According to Paul Krugman , But how will this “ lowering ’ ” of unemployment be funded ?
Who is going to pay for this ?
It seems that Krugman and @ @ @ @ @ @ @ funding can be easily generated by the central bank by means of printing presses .
But , contrary to Krugman and other commentators , funding is not about money as such but about real savings , which is the amount of consumer goods produced less the consumption of these goods by their owners .
Real savings sustain producers in various stages of production .
When a baker trades his saved loaves of bread for potatoes , he in fact provides a means of sustenance to the potato farmer .
Equally , the potato @ @ @ @ @ @ @ his saved potatoes , to the baker .
In order to maintain their lives and well-being what people require is final goods and services and not money as such , which is just a medium of exchange .
Money only helps to facilitate trade among producers—it does not generate any real stuff .
Paraphrasing Jean-Baptiste Say , Mises wrote , The various tools and machinery or infrastructure that people have established are for only one purpose and that is to be able to produce the final consumer goods that are required to maintain @ @ @ @ @ @ @ The greater the production of consumer goods , all other things being equal , the larger the pool of real savings is going to be .
A larger pool of real savings can support a greater number of individuals who are going to be employed in the enhancement and the expansion of the infrastructure .
This means that through the increase in real savings , a better infrastructure can be built , which sets the platform for a higher economic growth .
The savers here are wealth generators .
The savings of wealth @ @ @ @ @ @ @ who specialize in the making and the maintenance of the infrastructure .
( Real savings also fund individuals who are engaged in the production of final consumer goods ) .
Contrary to Krugman and other commentators , the artificial creation of employment such as digging ditches is not going to be cost-free .
Various individuals employed in non-wealth-generating projects must be sustained , i.e.
, funded .
Since government does not produce any real wealth , obviously it can not save and therefore it can not fund any activity .
Hence for the @ @ @ @ @ @ @ must divert funding , i.e.
, real savings , from wealth generators .
Increases in Production Are Limited by the Increase in Real Savings Can an increase in the demand for consumer goods lead to an increase in the overall output by the multiple of the increase in demand as suggested by Krugman ?
To be able to accommodate the increase in his demand for goods , a baker must have the means of payment , i.e.
, bread , to pay for goods and services that he desires .
For instance , @ @ @ @ @ @ @ for them with the eight saved loaves of bread .
Likewise , the shoemaker supports his demand for ten tomatoes with a saved pair of shoes .
The tomato farmer supports his demand for bread and shoes with his saved fifteen tomatoes .
Whenever the supply of final goods increases , this permits an increase in demand for goods .
Thus , the baker ’ s increase in the production of bread permits him to demand more of other goods .
In this sense , the increase in the production of goods gives @ @ @ @ @ @ @ again that what enables the expansion in the supply of final consumer goods is the increase in capital goods or tools and machinery .
What in turn permits the increase in tools and machinery is real savings .
We can thus infer that the increase in consumption must be in line with the increase in production .
The increase in production is in accordance with what the pool of real savings permits .
Production can not expand without the support from the pool of real savings .
This of course means that only @ @ @ @ @ @ @ expansion in real wealth .
Why Data by Itself Can not Produce Facts How , then , are we to reconcile the so-called facts that are supposedly presented by various studies , i.e.
, that stimulus programs can grow an economy ?
Contrary to the popular way of thinking , data can not talk by itself and present the so-called facts .
The data must be assessed by means of a framework that can withstand some basic scrutiny such as whether the government while not being a wealth generator can grow the economy @ @ @ @ @ @ @ based on logical analysis ) that the government can not grow the economy , we can emphatically reject various studies and assertions that tell us the opposite .
The data , out of which various so-called facts are produced , appear to be supportive of various empirical research conclusions as long as the private sector of the economy generates enough real savings to support productive and nonproductive activities .
As long as this is the case , various so-called empirical studies can produce “ support ” for the theory that the government can @ @ @ @ @ @ @ ability of wealth generators to produce real savings is curtailed , economic growth follows suit , and no amount of money that a government pushes into the economy can make it grow .
( Again , the government can not generate real savings ; it can only divert the existing real savings from wealth generators . )
Once the process of wealth generation has been damaged and loose policies become ineffective in “ reviving ” the economy various commentators are quick to suggest that the laws of economics must have changed .
For @ @ @ @ @ @ @ based on the essential laws of economics and pleading for massive spending by authorities .
What we can suggest here is that if the pool of real savings is in trouble , then adopting Krugman ’ s advice , i.e.
, introducing a massive fiscal stimulus package , will only make things much worse and plunge the US economy into a much more severe economic slump .
If the pool of real savings is still holding , then there is no need for stimulus programs—the growing pool of real savings will revive the @ @ @ @ @ @ @ Q3 2003 , our proxy for the pool of real savings has been following a visible downtrend—closing at 100.8 by Q3 2020 .
This estimate of the pool of real savings suggests that more government and central bank stimulus policies are likely to further weaken the pool of real savings and place the economy on the path of a prolonged economic slump .
• 2.Ludwig von Mises , “ Lord Keynes and Say ’ s Law , ” in The Critics of Keynesian Economics , ed .
Henry Hazlitt ( Lanham , MD @ @ @ @ @ @ @ ) , p. 316 .
Frank Shostak ’ s consulting firm , Applied Austrian School Economics , provides in-depth assessments of financial markets and global economies .
Contact : email .

by Frank Shostak via Mises
Once an economy falls into an economic slump and the level of unemployment begins to rise most commentators are of the view that it is the duty of the government and the central bank to step in to counter the rise in unemployment. Some commentators are of the view that the lowering of unemployment can be achieved without any cost given that the unemployed individuals are idle. According to Paul Krugman,
If you put 100,000 Americans to work right now digging ditches, it is not as if you are taking those 100,000 workers away from other good things they might be doing. You are putting them to work when they would have been doing nothing.1
But how will this “lowering’”of unemployment be funded? Who is going to pay for this? It seems that Krugman and other commentators are of the view that funding can be easily generated by the central bank by means of printing presses.
But, contrary to Krugman and other commentators, funding is not about money as such but about real savings, which is the amount of consumer goods produced less the consumption of these goods by their owners.
Real savings sustain producers in various stages of production. When a baker trades his saved loaves of bread for potatoes, he in fact provides a means of sustenance to the potato farmer. Equally, the potato farmer provides a means of sustenance, his saved potatoes, to the baker.
In order to maintain their lives and well-being what people require is final goods and services and not money as such, which is just a medium of exchange. Money only helps to facilitate trade among producers—it does not generate any real stuff. Paraphrasing Jean-Baptiste Say, Mises wrote,
Commodities, says Say, are ultimately paid for not by money, but by other commodities. Money is merely the commonly used medium of exchange; it plays only an intermediary role. What the seller wants ultimately to receive in exchange for the commodities sold is other commodities.2
The various tools and machinery or infrastructure that people have established are for only one purpose and that is to be able to produce the final consumer goods that are required to maintain and promote their lives and well-being.
The greater the production of consumer goods, all other things being equal, the larger the pool of real savings is going to be. A larger pool of real savings can support a greater number of individuals who are going to be employed in the enhancement and the expansion of the infrastructure. This means that through the increase in real savings, a better infrastructure can be built, which sets the platform for a higher economic growth.
The savers here are wealth generators. The savings of wealth generators are employed to fund various individuals who specialize in the making and the maintenance of the infrastructure. (Real savings also fund individuals who are engaged in the production of final consumer goods). Contrary to Krugman and other commentators, the artificial creation of employment such as digging ditches is not going to be cost-free. Various individuals employed in non-wealth-generating projects must be sustained, i.e., funded. Since government does not produce any real wealth, obviously it cannot save and therefore it cannot fund any activity. Hence for the government to engage in various activities it must divert funding, i.e., real savings, from wealth generators.
Increases in Production Are Limited by the Increase in Real Savings
Can an increase in the demand for consumer goods lead to an increase in the overall output by the multiple of the increase in demand as suggested by Krugman?
To be able to accommodate the increase in his demand for goods, a baker must have the means of payment, i.e., bread, to pay for goods and services that he desires. For instance, the baker secures five tomatoes by paying for them with the eight saved loaves of bread. Likewise, the shoemaker supports his demand for ten tomatoes with a saved pair of shoes. The tomato farmer supports his demand for bread and shoes with his saved fifteen tomatoes.
Whenever the supply of final goods increases, this permits an increase in demand for goods. Thus, the baker’s increase in the production of bread permits him to demand more of other goods. In this sense, the increase in the production of goods gives rise to demand for goods.
Note again that what enables the expansion in the supply of final consumer goods is the increase in capital goods or tools and machinery. What in turn permits the increase in tools and machinery is real savings. We can thus infer that the increase in consumption must be in line with the increase in production. The increase in production is in accordance with what the pool of real savings permits.
Production cannot expand without the support from the pool of real savings. This of course means that only wealth generators can set in motion an expansion in real wealth.
We are primarily funded by readers. Please subscribe and donate to support us!
Why Data by Itself Cannot Produce Facts
How, then, are we to reconcile the so-called facts that are supposedly presented by various studies, i.e., that stimulus programs can grow an economy?
Contrary to the popular way of thinking, data cannot talk by itself and present the so-called facts. The data must be assessed by means of a framework that can withstand some basic scrutiny such as whether the government while not being a wealth generator can grow the economy.
Once we reach the conclusion (based on logical analysis) that the government cannot grow the economy, we can emphatically reject various studies and assertions that tell us the opposite.
The data, out of which various so-called facts are produced, appear to be supportive of various empirical research conclusions as long as the private sector of the economy generates enough real savings to support productive and nonproductive activities. As long as this is the case, various so-called empirical studies can produce “support” for the theory that the government can grow an economy.
But whenever the ability of wealth generators to produce real savings is curtailed, economic growth follows suit, and no amount of money that a government pushes into the economy can make it grow. (Again, the government cannot generate real savings; it can only divert the existing real savings from wealth generators.)
Once the process of wealth generation has been damaged and loose policies become ineffective in “reviving” the economy various commentators are quick to suggest that the laws of economics must have changed. For them this means dismissing the logical analysis based on the essential laws of economics and pleading for massive spending by authorities.
According to Krugman,
We are at unusual times where usual intuition doesn’t apply here, getting this economy moving is the best thing we can do, not just for the present, but for the future and for our children.3
What we can suggest here is that if the pool of real savings is in trouble, then adopting Krugman’s advice, i.e., introducing a massive fiscal stimulus package, will only make things much worse and plunge the US economy into a much more severe economic slump.
If the pool of real savings is still holding, then there is no need for stimulus programs—the growing pool of real savings will revive the economy.
After closing at 103.4 in Q3 2003, our proxy for the pool of real savings has been following a visible downtrend—closing at 100.8 by Q3 2020.
This estimate of the pool of real savings suggests that more government and central bank stimulus policies are likely to further weaken the pool of real savings and place the economy on the path of a prolonged economic slump.
1.Paul Krugman, “Krugman on Stimulus Package Impact,” interview by Maria Bartiromo, Closing Bell, CNBC, Aug. 30, 2010, https://www.cnbc.com/video/2010/08/30/krugman-on-stimulus-package-impact.html.
2.Ludwig von Mises, “Lord Keynes and Say’s Law,” in The Critics of Keynesian Economics, ed. Henry Hazlitt (Lanham, MD: University Press of America, 1983), p. 316.
3.Krugman, “Krugman on Stimulus Package Impact.”
Author:
Contact Frank Shostak
Frank Shostak’s consulting firm, Applied Austrian School Economics, provides in-depth assessments of financial markets and global economies. Contact: email.


investmentwatchblog--2020-12-03--Twitter is Flagging Sidney Powell’s Account with a warning

Twitter thinks you need to be warned before looking at Sidney Powell ’ s Twitter feed She just posted videos @ @ @ @ @ s that were being sent to be shredded in Gwinnett County GA

Twitter thinks you need to be warned before looking at Sidney Powell’s Twitter feed
She just posted videos of pallets of PC’s that were being sent to be shredded in Gwinnett County GA
We are primarily funded by readers. Please subscribe and donate to support us!
h/t AI-MachineLearning


investmentwatchblog--2020-12-03--No Free Market In Gold, Just Constant Government Intervention

by Chris Powell of the Gold Anti-Trust Action Committee ( GATA ) Hugo Salinas Price of the Mexican Civic Association for Silver shows today how “ not for profit ” selling of gold in the futures market happens constantly and is meant to suppress the monetary metal ’ s price and thereby defend government currencies .
Salinas Price writes : “ Tell-tale signs of official intervention in the gold market are the swift collapses in the price of gold that take place frequently .
“ Unofficial , bonafide sellers of gold wish to maximize their dollar profits when they sell @ @ @ @ @ @ @ unload ’ their gold on the market all at once .
“ The official sellers of gold do not care about maximizing their dollar profit .
They are interested in only one thing : to bring down the price of gold as fast as possible , to scare away potential investors and flush out weak hands .
Thus the tell-tale signs of intervention appear in the daily graphs of the price of gold as nearly vertical falls in the price.
” Salinas Price ’ s analysis is headlined “ No Free Market in @ @ @ @ @ @ @ it ’ s posted as the association ’ s internet site , Plata.com.mx , here : Wine carrying the label of the Gold Anti-Trust Action Committee , cases of which were awarded to three lucky donors in GATA ’ s recent fundraising campaign , are now available for purchase by the case from Fay J Winery LLC in Texarkana , Texas .
Each case has 12 bottles and the cost is $ 240 , which includes shipping via Federal Express .
Here ’ s what the bottles look like : Buyers can compose @ @ @ @ @ @ @ four varietals from the list here : GATA will receive a commission on each case of GATA-label wine sold .
So if you like wine and buy it anyway , why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals ?
To order a case of GATA-label wine , please e-mail Fay J Winery at bagman1236 @ aol.com .
“ Rigged ” is a concise explanation of government ’ s currency market rigging policy and extensively credits GATA ’ s work exposing @ @ @ @ @ @ @ are contributed to GATA .
Buy a copy for $ 14.99 through Amazon — — or for an additional $ 3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert @ comcast.net .
Help keep GATA going : GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code .
Its e-mail dispatches are free , and you can subscribe at : To contribute to GATA , please visit :

by Chris Powell of the Gold Anti-Trust Action Committee (GATA)
Dear Friend of GATA and Gold:
Hugo Salinas Price of the Mexican Civic Association for Silver shows today how “not for profit” selling of gold in the futures market happens constantly and is meant to suppress the monetary metal’s price and thereby defend government currencies.
Salinas Price writes: “Tell-tale signs of official intervention in the gold market are the swift collapses in the price of gold that take place frequently.
“Unofficial, bonafide sellers of gold wish to maximize their dollar profits when they sell their gold. They do not ‘unload’ their gold on the market all at once.
“The official sellers of gold do not care about maximizing their dollar profit. They are interested in only one thing: to bring down the price of gold as fast as possible, to scare away potential investors and flush out weak hands. Thus the tell-tale signs of intervention appear in the daily graphs of the price of gold as nearly vertical falls in the price.”
Salinas Price’s analysis is headlined “No Free Market in Gold: Constant State Intervention” and it’s posted as the association’s internet site, Plata.com.mx, here:
plata.com.mx/enUS/More/403?idioma=2
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA’s recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here’s what the bottles look like:
www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
We are primarily funded by readers. Please subscribe and donate to support us!
www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
* * *
Support GATA by purchasing
Stuart Englert’s “Rigged”
“Rigged” is a concise explanation of government’s currency market rigging policy and extensively credits GATA’s work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon —
www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651…
— or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
www.gata.org
To contribute to GATA, please visit:
www.gata.org/node/16