investmentwatchblog--2020-09-07--Poll Shows Most Americans Support Shutting Down The Economy Again To Stop The Coronavirus

( Natural News ) In a recent national survey , more than 44 percent of Americans stated that they were in favor of shutting the country down again if it was necessary to fight the Wuhan coronavirus ( COVID-19 ) .
The poll , conducted by Big Data Poll on behalf of the Epoch Times on August 26 , was created in response to a statement made by Democratic presidential nominee Joe Biden in the same month that he would shut the country down again should scientists and health experts recommend it .
“ I would shut it down .
@ @ @ @ @ @ @ ” Biden said in an interview with ABC ’ s David Muir .
Those who opposed the idea only accounted for 36 percent , while those who were undecided made up only 19.5 percent .
More Democrats support a shut down than Republicans Based on the survey , American ’ s views on the issues seem to be influenced by their political affiliation .
A majority of those who identify as Democrat – 63.2 percent – support a shutdown , while a smaller majority of those who identify as Republicans – 54.9 percent @ @ @ @ @ @ @ age also plays a factor in regards to support for a nationwide shutdown .
Younger people in general are more open to a shutdown compared to their older peers .
Only around 24 percent of respondents aged 18 to 29 – those who have the lowest risk of suffering serious effects of COVID-19 – opposed a national lockdown .
This percentage , however , grows the older the respondents get .
More than 49 percent of respondents aged 65 and above say they opposed shutting the country down again .
Meanwhile , women @ @ @ @ @ @ @ than men with 48.2 percent supporting the idea , while only 30.6 percent opposing it .
Men on the other hand were more opposed to it with only 39.5 percent supporting a new shutdown and 42.8 percent opposing the idea .
The national poll interviewed 2,169 likely voters nationwide from August 26 to 30 , 2020 .
These respondents were sourced via voter file-verified online survey panels .
The results were weighted based on gender , age , race , education and region .
In terms of political affiliation , 36 percent of @ @ @ @ @ @ @ percent identified as Republican , with the remaining 32 percent saying they were independent or supported “ something else.
” These figures mirror those from the Aristotle National Voter File Database .
Biden ’ s campaign has been using President Donald Trump ’ s handling of the coronavirus pandemic as the former ’ s main line of attack .
The former vice president ’ s statements on other issues regularly segway into criticisms of the Trump administration ’ s coronavirus response .
( Related : Hillary Clinton orders Joe Biden not to “ @ @ @ @ @ @ @ under ANY circumstances … even if Biden loses . )
When the pandemic first struck America in spring , Trump limited his executive action on lockdowns to a set of guidelines and left it up to state governors to make lockdown decisions .
He let the governors make their own decisions on how to handle the pandemic in their states , as it was felt that they could better take steps based on local conditions .
Recently , Biden has criticized what he has called the “ fundamental flaw ” of the Trump @ @ @ @ @ @ @ pandemic .
He stated that the nation can not recover economically until the virus is under control .
“ I will be prepared to do whatever it takes to save lives because we can not get the country moving , until we control the virus , ” Biden said .
“ That is the fundamental flaw of this administration ’ s thinking to begin with .
In order to keep the country running and moving and the economy growing , and people employed , you have to fix the virus , you have @ @ @ @ @ @ @ of Biden ’ s proposed solutions , however , largely mirror the actions that have already been taken by the Trump administration .
The only notable exception is a national mask mandate .
America currently has around 6,152,000 coronavirus cases and 186,000 deaths according to data from Johns Hopkins University .

by Franz Walker via Natural News
(Natural News) In a recent national survey, more than 44 percent of Americans stated that they were in favor of shutting the country down again if it was necessary to fight the Wuhan coronavirus (COVID-19).
The poll, conducted by Big Data Poll on behalf of the Epoch Times on August 26, was created in response to a statement made by Democratic presidential nominee Joe Biden in the same month that he would shut the country down again should scientists and health experts recommend it.
“I would shut it down. I would listen to the scientists,” Biden said in an interview with ABC’s David Muir.
Those who opposed the idea only accounted for 36 percent, while those who were undecided made up only 19.5 percent.
More Democrats support a shut down than Republicans
Based on the survey, American’s views on the issues seem to be influenced by their political affiliation. A majority of those who identify as Democrat – 63.2 percent – support a shutdown, while a smaller majority of those who identify as Republicans – 54.9 percent – oppose it.
In addition, age also plays a factor in regards to support for a nationwide shutdown. Younger people in general are more open to a shutdown compared to their older peers.
Only around 24 percent of respondents aged 18 to 29 – those who have the lowest risk of suffering serious effects of COVID-19 – opposed a national lockdown. This percentage, however, grows the older the respondents get. More than 49 percent of respondents aged 65 and above say they opposed shutting the country down again.
Meanwhile, women tended to support another shut down more than men with 48.2 percent supporting the idea, while only 30.6 percent opposing it. Men on the other hand were more opposed to it with only 39.5 percent supporting a new shutdown and 42.8 percent opposing the idea.
The national poll interviewed 2,169 likely voters nationwide from August 26 to 30, 2020. These respondents were sourced via voter file-verified online survey panels. The results were weighted based on gender, age, race, education and region.
In terms of political affiliation, 36 percent of those surveyed identified as Democrat while 32 percent identified as Republican, with the remaining 32 percent saying they were independent or supported “something else.” These figures mirror those from the Aristotle National Voter File Database.
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Biden has criticized Trump’s coronavirus response
Biden’s campaign has been using President Donald Trump’s handling of the coronavirus pandemic as the former’s main line of attack. The former vice president’s statements on other issues regularly segway into criticisms of the Trump administration’s coronavirus response. (Related: Hillary Clinton orders Joe Biden not to “concede” the election to President Trump under ANY circumstances … even if Biden loses.)
When the pandemic first struck America in spring, Trump limited his executive action on lockdowns to a set of guidelines and left it up to state governors to make lockdown decisions. He let the governors make their own decisions on how to handle the pandemic in their states, as it was felt that they could better take steps based on local conditions.
Recently, Biden has criticized what he has called the “fundamental flaw” of the Trump administration’s response to the coronavirus pandemic. He stated that the nation cannot recover economically until the virus is under control.
“I will be prepared to do whatever it takes to save lives because we cannot get the country moving, until we control the virus,” Biden said. “That is the fundamental flaw of this administration’s thinking to begin with. In order to keep the country running and moving and the economy growing, and people employed, you have to fix the virus, you have to deal with the virus.”
Most of Biden’s proposed solutions, however, largely mirror the actions that have already been taken by the Trump administration. The only notable exception is a national mask mandate.
America currently has around 6,152,000 coronavirus cases and 186,000 deaths according to data from Johns Hopkins University.
Sources include:
TheEpochTimes.com
ABCNews.GO.com
Coronavirus.JHU.edu


investmentwatchblog--2020-09-07--Kamala Harris: Biden could lose…. CNN: Joe Biden’s true lead is smaller than it appears

CNN : Joe Biden ’ s true lead is smaller than it appears ( CNN ) Former Vice President Joe Biden continues to hold an advantage over President Donald Trump in the polls .
Given that we ’ re past both major party conventions and closing in on Labor Day , the only fair conclusion to reach is that Biden ’ s the favorite .
Yet , it continues to be clear that the national polling will continue to overstate Biden ’ s edge .
An examination of the state polls shows a race that , while not a tossup @ @ @ @ @ @ @ the national polls would indicate .
The national polls after the convention tell a pretty clear story .
Biden is up by around 8 points .
That ’ s what the CNN/SSRS poll shows .
That ’ s what the Grinnell College/Selzer and Co. poll has .
The average , depending on how you compute it , has basically the same thing .
As I noted last week , elected incumbents rarely gain ground after the conventions .
The two biggest gainers in the modern era were Dwight Eisenhower in 1956 and George @ @ @ @ @ @ @ picked up about 4 points , which would only cut Biden ’ s edge by about half .

CNN: Joe Biden’s true lead is smaller than it appears
(CNN)Former Vice President Joe Biden continues to hold an advantage over President Donald Trump in the polls. Given that we’re past both major party conventions and closing in on Labor Day, the only fair conclusion to reach is that Biden’s the favorite.
Yet, it continues to be clear that the national polling will continue to overstate Biden’s edge. An examination of the state polls shows a race that, while not a tossup by any means, is closer than the national polls would indicate.
The national polls after the convention tell a pretty clear story. Biden is up by around 8 points. That’s what the CNN/SSRS poll shows. That’s what the Grinnell College/Selzer and Co. poll has. The average, depending on how you compute it, has basically the same thing.
As I noted last week, elected incumbents rarely gain ground after the conventions. The two biggest gainers in the modern era were Dwight Eisenhower in 1956 and George H.W. Bush in 1992. Both picked up about 4 points, which would only cut Biden’s edge by about half.


investmentwatchblog--2020-09-07--US surgeon general tells states to prepare to distribute a coronavirus vaccine by November 1st… CDC:

US surgeon general tells states to prepare to distribute a coronavirus vaccine by November 1st… CDC: You will get a certificate after your COVID vaccine.

In an ABC News interview on Friday , US Surgeon General Jerome Adams said states should prepare to distribute a coronavirus vaccine as early as November 1 .
In a letter obtained by McClatchy , the Centers for Disease Control and Prevention ’ s director , Robert Redfield , also asked state governments and health departments to waive permit requirements to build distribution sites as early as November .
“ The normal time required to obtain these permits presents a significant barrier to the success of this urgent public health program , ” Redfield wrote in the August 27 letter @ @ @ @ @ @ @ developed in the US , three clinical trials have entered their third and final phase of human testing .
US Food and Drug Administration Commissioner Stephen Hahn told the Financial Times recently that the FDA would consider an emergency use authorization — which would allow the vaccine to be used in people considered especially at risk — even before the end of phase 3 trials .
People this is it .
“ People getting vaccinated will get a COVID-19 vaccination record card that will tell them which vaccine they got , when they @ @ @ @ @ @ @ their next shot , CDC planning documents show .
”

In an ABC News interview on Friday, US Surgeon General Jerome Adams said states should prepare to distribute a coronavirus vaccine as early as November 1.
In a letter obtained by McClatchy, the Centers for Disease Control and Prevention’s director, Robert Redfield, also asked state governments and health departments to waive permit requirements to build distribution sites as early as November.
“The normal time required to obtain these permits presents a significant barrier to the success of this urgent public health program,” Redfield wrote in the August 27 letter.
Out of six vaccine candidates being developed in the US, three clinical trials have entered their third and final phase of human testing. US Food and Drug Administration Commissioner Stephen Hahn told the Financial Times recently that the FDA would consider an emergency use authorization — which would allow the vaccine to be used in people considered especially at risk — even before the end of phase 3 trials.
www.yahoo.com/news/us-surgeon-general-tells-states-201037938.html
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People this is it.
“People getting vaccinated will get a COVID-19 vaccination record card that will tell them which vaccine they got, when they got it and when they should get their next shot, CDC planning documents show.”
www.usatoday.com/story/news/health/2020/09/06/covid-vaccine-complex-distribution-supply-chain-follow-approval/5712053002/
AC


investmentwatchblog--2020-09-07--One of the best Tucker monologues in awhile. ” Why Silicon Valley is doing all it can to help the Bi

One of the best Tucker monologues in awhile. ” Why Silicon Valley is doing all it can to help the Biden-Harris ticket” Taxes… Antitrust

If you are a spazz with ADD or TDS , be sure to drop one star , then bitch and @ @ @ @ @ have a single solution or alternative to present .

If you are a spazz with ADD or TDS, be sure to drop one star, then bitch and whine about Trump and not have a single solution or alternative to present.
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h/t The Crippled Gimp


investmentwatchblog--2020-09-07--VIDEO: President Donald J. Trump Calls Out the Military Industrial Complex: They want to do nothing

VIDEO: President Donald J. Trump Calls Out the Military Industrial Complex: They want to do nothing but fight endless wars to make money

TRUMP : “ I ’ m not saying the military ’ s in love with me .
The soldiers are @ @ @ @ @ the Pentagon probably aren ’ t because they want to do nothing but fight wars @ @ @ @ @ companies that make the bombs and make the planes and make everything else stay happy @

TRUMP: “I’m not saying the military’s in love with me. The
soldiers are. The top people in the Pentagon probably aren’t
because they want to do nothing but fight wars so all of
those wonderful companies that make the bombs and make the
planes and make everything else stay happy”
TRUMP: "I'm not saying the military's in love with me. The soldiers are. The top people in the Pentagon probably aren't because they want to do nothing but fight wars so all of those wonderful companies that make the bombs and make the planes and make everything else stay happy" pic.twitter.com/YYEbjRuZyb — Daily Caller (@DailyCaller) September 7, 2020
Direct link to video:
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video.twimg.com/ext_tw_video/1303034240590897152/pu/vid/720×400/aBnMNjjMi23fWBnn.mp4?tag=10
h/t dr0id


investmentwatchblog--2020-09-07--Rules Most Journalists Have “Conveniently” Forgotten

I was never a fan of the man , but this i can respect .
It ’ s an aspect @ @ @ @ @ .

by lala9007
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I was never a fan of the man, but this i can respect. It’s an aspect of journalism greatly missed today.


investmentwatchblog--2020-09-07--TAXES: Trump Versus Biden

TAXES: Trump Versus Biden

I guess Biden has to fund his new socialist agenda somehow !
From what I can tell , Biden ’ @ @ @ @ @ very large swath of the American economy and paychecks — with the largest tax hikes @ @ @ @ @ corporations .

I guess Biden has to fund his new socialist agenda somehow!
Corporate Taxes
Trump: 21.0%
Biden: 28.0%
Income and Payroll Taxes
Trump: 37.0%
Biden: 52.0%*
Small-Business Taxes
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Trump: 29.6%
Biden: 39.6%
Capital Gains and Dividend Taxes
Trump: 23.8%
Biden: 43.4%
www.ajc.com/news/business/wes-moss-comparing-bidens-proposed-tax-plan-vs-trumps-current-policy/WMZNFXISZVHMZKWSU7AMY7CSWI/
From what I can tell, Biden’s proposal would affect a very large swath of the American economy and paychecks — with the largest tax hikes going to high-earning individuals and corporations.
AC


investmentwatchblog--2020-09-07--VIDEO: ICYMI: Ohio Sheriff calls out rioters: “If you shoot at the police — I want to make no mistak

VIDEO: ICYMI: Ohio Sheriff calls out rioters: “If you shoot at the police — I want to make no mistake about it — we will shoot back.”

ICYMI : Ohio Sheriff calls out rioters : `` If you shoot at the police — I want to make @ @ @ @ @ we will shoot back . ''
pic.twitter.com/dWu5sLYb6x

ICYMI: Ohio Sheriff calls out rioters: "If you shoot at the police — I want to make no mistake about it — we will shoot back." pic.twitter.com/dWu5sLYb6x
— MRCTV (@mrctv) September 7, 2020


investmentwatchblog--2020-09-07--Aerial View of Boat Parade for Trump/Pence in Georgia yesterday

Table Rock lake in southern Missouri .
Lot more boats that what the news says or shows .
Typical lefty @ @ @ @ @ boats .

This is an aerial view of the boat parade for @realDonaldTrump yesterday at Lake Lanier in Georgia. It also included Black supporters. The silent majority is about to get “Lit!” @JoeBiden is about to get “Trumped!” @DJTMentionsBot @TeamTrump @BlackVoices4DJT @GOP pic.twitter.com/NmkqbjJhKX — Vernon Jones (@RepVernonJones) September 7, 2020
Table Rock lake in southern Missouri. Lot more boats that what the news says or shows. Typical lefty news outlet. Probably 4K boats.
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Trump will absolutely demolish Biden with 45% of the Black vote. We see it in our data everyday. The Democrat party is shrinking. Daily, people who were reliable Dem voters, are donating to the President! t.co/Drmqr0pWbm — Text TRUMP to 88022 (@GaryCoby) September 5, 2020
The Democrats should stop doing this to Joe. He has no capabilities. Just run Kamala. Be honest about it just a little bit.pic.twitter.com/805v3ZgBSo — Text TRUMP to 88022 (@GaryCoby) September 7, 2020
“We are not going back to globalism.” “In Trump’s second term, the United States will continue to pursue economic nationalism. We will prioritize our workers” My new article on the current Jobs boom and the election… t.co/IGtbv4VojG — Steve Cortes (@CortesSteve) September 7, 2020
h/t Jake


investmentwatchblog--2020-09-07--Fed has learned about its limited ability to spur activity.

This chart taken from Gary Shilling 's insight shows why CenBank stimuli has little effect on economy : money velocity @ @ @ @ @ M2 money supply , which reflects how rapidly money is spent & re-spent , has @ @ @ @ @ learned about its limited ability to spur activity .
pic.twitter.com/RANqnxjhf3 If you thought the velocity @ @ @ @ @ was low ( 1.10 ) , check out Japan were the velocity of money has @ @ @ @ @ part of the money created is flowing around .
pic.twitter.com/ObA0p0UTBP

This chart taken from Gary Shilling's insight shows why CenBank stimuli has little effect on economy: money velocity, ratio of GDP to M2 money supply, which reflects how rapidly money is spent & re-spent, has collapsed. #Fed has learned about its limited ability to spur activity. pic.twitter.com/RANqnxjhf3 — Holger Zschaepitz (@Schuldensuehner) September 7, 2020
If you thought the velocity of money in the US was low (1.10), check out Japan were the velocity of money has dropped to 0.4. Only part of the money created is flowing around. pic.twitter.com/ObA0p0UTBP — jeroen blokland (@jsblokland) September 7, 2020
Peak rebound. The recovery stalls. pic.twitter.com/44mMEHqtYo — Daniel Lacalle (@dlacalle_IA) September 7, 2020
US banks signal mounting concern over real estate lending t.co/Zzg2yJlLno via @financialtimes — @AcrossTheCurve (@acrossthecurve) September 7, 2020


investmentwatchblog--2020-09-07--Spanish Police Attempt to Arrest a Woman Not Wearing a Mask. Bystanders Step In!

Bystanders pull the woman away from the police and chase the police away , while chanting `` Liberty ! ''
@ @ @ @ @ around the world , in the days to come .
pic.twitter.com/V2aRZs5xEf

Spanish police attempt to arrest a woman not wearing a mask.
Bystanders pull the woman away from the police and chase the police away, while chanting "Liberty!"
Expect more of this, around the world, in the days to come. pic.twitter.com/V2aRZs5xEf
— John McAfee (@officialmcafee) September 7, 2020


investmentwatchblog--2020-09-07--SAN FRANCISCO’S MASS EXODUS: 53% Of All Storefront Businesses Are Closed Permanently

RULES ARE FOR THE LITTLE PEOPLE : San Francisco gym owners livid after discovering gyms in government buildings have been @ @ @ @ @ within government buildings in San Francisco have been open for months , despite privately owned @ @ @ @ @ due to the coronavirus .
“ It ’ s shocking , it ’ s infuriating @ @ @ @ @ of Crossfit Golden Gate , told a local NBC station .
“ Even though they @ @ @ @ @ there are no repercussions , no ramifications ?
It ’ s shocking.
” The gyms @ @ @ @ @ government employees include those for police officers , judges , lawyers , bailiffs , and @ @ @ @ @ report .
One such gym , the Hall of Justice gym , has been open @ @ @ @ @ It just demonstrates that there seems to be some kind of a double standard between @ @ @ @ @ to do and what the residents of San Francisco are allowed to do , ” @ @ @ @ @ MX3 Fitness in the Castro , said .

RULES ARE FOR THE LITTLE PEOPLE: San Francisco gym owners livid after discovering gyms in government buildings have been opened for months.
Gyms within government buildings in San Francisco have been open for months, despite privately owned establishments being ordered to close due to the coronavirus.
“It’s shocking, it’s infuriating,” Daniele Rabkin, of Crossfit Golden Gate, told a local NBC station. “Even though they’re getting exposed, there are no repercussions, no ramifications? It’s shocking.”
The gyms that have been open for government employees include those for police officers, judges, lawyers, bailiffs, and paralegals, according to the report. One such gym, the Hall of Justice gym, has been open since July 1.
“It just demonstrates that there seems to be some kind of a double standard between what city employees are allowed to do and what the residents of San Francisco are allowed to do,” Dave Karraker, owner of MX3 Fitness in the Castro, said.


investmentwatchblog--2020-09-07--Amazon is filled with fake reviews and it’s getting harder to spot them

Since Amazon ’ s early days , reviews are the one big metric customers have relied on to determine the @ @ @ @ @ product .
Amazon ’ s listings often have hundreds or thousands of reviews , instead @ @ @ @ @ competing marketplaces .
But many of those reviews can ’ t be trusted .
Thousands @ @ @ @ @ Amazon , Walmart , eBay and others , as sales have skyrocketed .
From Facebook @ @ @ @ @ paid positive reviews to bots and click farms that upvote negative reviews to take out @ @ @ @ @ are getting harder to spot .
In July , UCLA and USC released a study @ @ @ @ @ fake review related Facebook groups with an average of 16,000 members .
In more than @ @ @ @ @ sellers offered a refund or payment for a positive review , usually around $ 6 @

Since Amazon’s early days, reviews are the one big metric customers have relied on to determine the quality and authenticity of a product. Amazon’s listings often have hundreds or thousands of reviews, instead of the handful found on competing marketplaces. But many of those reviews can’t be trusted. Thousands of fake reviews have flooded Amazon, Walmart, eBay and others, as sales have skyrocketed.
From Facebook groups where bad actors solicit paid positive reviews to bots and click farms that upvote negative reviews to take out the competition, fake reviews are getting harder to spot. In July, UCLA and USC released a study that found more than 20 fake review related Facebook groups with an average of 16,000 members. In more than 560 postings each day, sellers offered a refund or payment for a positive review, usually around $6.
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www.cnbc.com/2020/09/06/amazon-reviews-thousands-are-fake-heres-how-to-spot-them.html


investmentwatchblog--2020-09-07--Kamala Harris Pushes to Make the Rolling Blackouts Taking Place in California a Standard for the Nat

Kamala Harris Pushes to Make the Rolling Blackouts Taking Place in California a Standard for the Nation

It ’ s almost 3 p.m. Time to turn off major appliances , set the thermostat to 78 degrees ( @ @ @ @ @ ) , turn off excess lights and unplug any appliances you ’ re not using @ @ @ @ @ to help conserve energy .
Please do your part .
# FlexAlert

It’s almost 3 p.m. Time to turn off major appliances, set the thermostat to 78 degrees (or use a fan instead), turn off excess lights and unplug any appliances you’re not using.
We need every Californian to help conserve energy. Please do your part. #FlexAlert
— MayorOfLA (@MayorOfLA) September 6, 2020


investmentwatchblog--2020-09-07--COVID Tax Increases – Forcing People to Pay For the Political Plandemic

These Democratic state governors have been so draconian in suppressing their economies for political purposes .
Then they have the audacity to turn around and raise taxes to cover the losses in revenue .
New Jersey raised gasoline taxes .
California is trying to install the first wealth tax , thanks to the French economist Piketty .
But California is looking to raise its income tax to 54 % on the richest people .
Their state income taxes , already the highest in the nation at 13.3 % , is proposed to be raised to 16.8 % RETROACTIVELY to pay @ @ @ @ @ @ @ Davidson County ’ s property tax rate has been raised sharply from $ 3.155 to $ 4.221 per $ 100 of assessed value in the city ’ s more urban areas .
For a home appraised at $ 250,000 , that would mean an increase of about $ 666.25 per year .
They are chasing people out of cities , and like the fall of Rome , they will keep raising taxes rather than reduce their own expenditures , which are driven by pensions .
That is a 34 % increase in property @ @ @ @ @ @ @ and Policy Priorities is telling states to raise income taxes on the rich .
They recommend : “ High-income tax increases can generate substantial revenues for investments in people and communities that provide economic and social benefits over the long term.
” New York City and Chicago are experiencing a flight of the rich .
They get no safety and can not leave their homes at night , and these people recommend raising income taxes on them sharply .
The Wall Street Journal has reported , “ Even Joe Biden would raise the @ @ @ @ @ @ @ 50 % .
” Our sources are saying they want to return the income tax before the Regan tax cuts to 70 % .
Just who are these “ rich ” people the Democrats hate so much ?
About 9 % of the households in America have income greater than $ 200,000 .
That is the husband and wife combined .
They get almost 45 % of all pre-tax income , according to the Tax Policy Center .
Then there are the really rich , which include most politicians .
They account for @ @ @ @ @ @ @ which works out to about 700,000 in total .
These are households that have incomes greater than $ 1 million a year .
They tend to earn 13 % of all pre-tax income .
With the Reagan era , since the 1980s , those at the very top have experienced faster-growing incomes than the rest of America BECAUSE they are investors .
This statistic is never explained , but the stock market and inflation have accounted for the bulk of these gains .
The government prevents the average person from participating in investments @ @ @ @ @ @ @ fund for politicians — government bonds only .
The Congressional Budget Office estimates that the best-off 1 % of American households that have an average annual income of $ 1.8 million ( base on 2016 statistics ) saw their inflation-adjust incomes before taxes nearly triple between 1979 and 2016 .
This is clearly the rise in the stock market and real estate values .
Then , 9 % of households benefited from investments by 75 % while everyone else saw their pre-tax incomes rise by 33 % .
They will not address that @ @ @ @ @ @ @ government prevents them from investing for their retirement by seizing money for Social Security .
If you are late on paying , they charge you interest far above any bank , but will never pay you interest on the money refunded .
Taxes are always a one-way street .
The rich generally pay far more of their incomes in taxes than the average person thanks to the progressive nature of taxation .
The top fifth of households got 54 % of all income and paid 69 % of federal taxes ; the top @ @ @ @ @ @ @ income and paid 25 % of all federal taxes , according to the CBO .
These statistics are skewed because the government benefits such as Social Security , food stamps , and welfare are never part of the analysis .
The Marxists try to focus only on the remaining income for taxes and behind closed doors think it all belongs to them .
It ’ s only a question of what they allow the great unwashed to retain .

by Martin Armstrong
These Democratic state governors have been so draconian in suppressing their economies for political purposes. Then they have the audacity to turn around and raise taxes to cover the losses in revenue. New Jersey raised gasoline taxes. California is trying to install the first wealth tax, thanks to the French economist Piketty. But California is looking to raise its income tax to 54% on the richest people. Their state income taxes, already the highest in the nation at 13.3%, is proposed to be raised to 16.8% RETROACTIVELY to pay for this plandemic.
In Tennesse, Davidson County’s property tax rate has been raised sharply from $3.155 to $4.221 per $100 of assessed value in the city’s more urban areas. For a home appraised at $250,000, that would mean an increase of about $666.25 per year. They are chasing people out of cities, and like the fall of Rome, they will keep raising taxes rather than reduce their own expenditures, which are driven by pensions. That is a 34% increase in property taxes.
The Center for Budget & and Policy Priorities is telling states to raise income taxes on the rich. They recommend: “High-income tax increases can generate substantial revenues for investments in people and communities that provide economic and social benefits over the long term.” New York City and Chicago are experiencing a flight of the rich. They get no safety and cannot leave their homes at night, and these people recommend raising income taxes on them sharply. The Wall Street Journal has reported, “Even Joe Biden would raise the top marginal rate on work to over 50%.” Our sources are saying they want to return the income tax before the Regan tax cuts to 70%.
We are primarily funded by readers. Please subscribe and donate to support us!
Just who are these “rich” people the Democrats hate so much? About 9% of the households in America have income greater than $200,000. That is the husband and wife combined. They get almost 45% of all pre-tax income, according to the Tax Policy Center. Then there are the really rich, which include most politicians. They account for the top 0.4% of households, which works out to about 700,000 in total. These are households that have incomes greater than $1 million a year. They tend to earn 13% of all pre-tax income. With the Reagan era, since the 1980s, those at the very top have experienced faster-growing incomes than the rest of America BECAUSE they are investors. This statistic is never explained, but the stock market and inflation have accounted for the bulk of these gains. The government prevents the average person from participating in investments because Social Security is just a slush fund for politicians — government bonds only. The Congressional Budget Office estimates that the best-off 1% of American households that have an average annual income of $1.8 million (base on 2016 statistics) saw their inflation-adjust incomes before taxes nearly triple between 1979 and 2016. This is clearly the rise in the stock market and real estate values. Then, 9% of households benefited from investments by 75% while everyone else saw their pre-tax incomes rise by 33%. They will not address that the lower the income, the more government prevents them from investing for their retirement by seizing money for Social Security. If you are late on paying, they charge you interest far above any bank, but will never pay you interest on the money refunded. Taxes are always a one-way street.
The rich generally pay far more of their incomes in taxes than the average person thanks to the progressive nature of taxation. The top fifth of households got 54% of all income and paid 69% of federal taxes; the top 1% got 16% of the income and paid 25% of all federal taxes, according to the CBO. These statistics are skewed because the government benefits such as Social Security, food stamps, and welfare are never part of the analysis. The Marxists try to focus only on the remaining income for taxes and behind closed doors think it all belongs to them. It’s only a question of what they allow the great unwashed to retain.


investmentwatchblog--2020-09-07--Richard Grenell gives the media a well-deserved smackdown

On Friday Ric Grenell participated in a press conference to announce a Serbia , Kosovo , and Israel economic deal @ @ @ @ @ about this agreement below : At the announcement , a reporter wanted to ask about @ @ @ @ @ to decriminalize homosexuality .
Because heaven forbid the media actual report about this event .
@ @ @ @ @ the narrative by asking THEIR planned questions to somehow turn it into the story THEY @ @ @ @ @ Ric was having none of that during this historic announcement ( listen below ) .
@ @ @ @ @ .
Witness this tweet from this Vox reporter : This is the same Aaron who @ @ @ @ @ for smearing him as a racist .
I ’ d say the media DESERVES every @ @ @ @ @ They ’ ve been despicable for the last four years and have EARNED this title @

by DCG
On Friday Ric Grenell participated in a press conference to announce a Serbia, Kosovo, and Israel economic deal. Listen to Ric talk about this agreement below:
BREAKING: @RichardGrenell, ACLJ’s Special Advisor for Nat'l Security & Foreign Policy, broke news of a Serbia, Kosovo, & Israel economic deal brokered by Pres. Trump. Kosovo will recognize Israel as a state & Serbia will move its embassy to Jerusalem.
t.co/18slxfsr57 — Jordan Sekulow (@JordanSekulow) September 4, 2020
At the announcement, a reporter wanted to ask about another issue: the push to decriminalize homosexuality. Because heaven forbid the media actual report about this event. Instead they aim to control the narrative by asking THEIR planned questions to somehow turn it into the story THEY want to create.
Fortunately Ric was having none of that during this historic announcement (listen below).
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And libtards’ heads exploded. Witness this tweet from this Vox reporter:
"I don't know if you could find [Kosovo & Serbia] on a map. This is atrocious … maybe it's too complicated of an issue for you all" — it's a disgrace that taxpayers are paying Richard Grenell to smugly insult reporters pic.twitter.com/Z4NF6dGPCx — Aaron Rupar (@atrupar) September 4, 2020
This is the same Aaron who publicly apologized to Greg Gutfield for smearing him as a racist.
I’d say the media DESERVES every smackdown coming their way. They’ve been despicable for the last four years and have EARNED this title:
DCG


investmentwatchblog--2020-09-07--Gold Is Lower Due To Economic Recovery…?!?

by Dave Kranzler of Investment Research Dynamics and Chris Marcus of Arcadia Economics There was a Reuters headline yesterday suggesting @ @ @ @ @ down based on renewed hopes of a faster than expected economic recovery .
Which sounds @ @ @ @ @ inaccurate perception of what ’ s really going on .
As Dave Kranzler of Investment @ @ @ @ @ his weekly silver and gold market update .
To find out more , click to @ @ @ @ @

by Dave Kranzler of Investment Research Dynamics and Chris Marcus of Arcadia Economics
There was a Reuters headline yesterday suggesting that the gold price was down based on renewed hopes of a faster than expected economic recovery.
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Which sounds plausible, but leaves an inaccurate perception of what’s really going on. As Dave Kranzler of Investment Research Dynamics explained yesterday on his weekly silver and gold market update.
To find out more, click to watch the video now!


investmentwatchblog--2020-09-07--Study: Riots Have Hit 48 Out Of 50 Of Largest US Cities

A new study out of Princeton University reveals that 48 out of the 50 largest cities in the United States @ @ @ @ @ the Black Lives Matter movement since late May .
Despite the leftist media ’ s @ @ @ @ @ violence ‘ mostly peaceful ’ , the data indicates that most cities are seeing some @ @ @ @ @ of the study appears to have been to bolster the ‘ mostly peaceful ’ narrative @ @ @ @ @ the perception of the trouble may have been influenced by “ political orientation and biased @ @ @ @ @ as “ disproportionate coverage of violent demonstrations.
” The findings are difficult to ignore , @ @ @ @ @ major city having experienced rioting .

A new study out of Princeton University reveals that 48 out of the 50 largest cities in the United States have experienced riots associated with the Black Lives Matter movement since late May.
Despite the leftist media’s obsession with calling the fiery violence ‘mostly peaceful’, the data indicates that most cities are seeing some violent unrest.
The intent of the study appears to have been to bolster the ‘mostly peaceful’ narrative, as it notes that the perception of the trouble may have been influenced by “political orientation and biased media framing” as well as “disproportionate coverage of violent demonstrations.”
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The findings are difficult to ignore, however, with almost every major city having experienced rioting.
Princeton University group studies 3 months of Black Lives Matter protests. Intent is to show they are 'overwhelmingly peaceful.' But report reveals nearly 570 violent demonstrations–riots–in nearly 220 locations spread all across country. t.co/it60GBbTZT pic.twitter.com/Ph8iECyHIf — Byron York (@ByronYork) September 5, 2020
summit.news/2020/09/07/study-riots-have-hit-48-out-of-50-of-largest-us-cities/


investmentwatchblog--2020-09-07--Deutsche Bank Meltdown: $50 Trillion Debt Lead To Systemic Collapse! Be Ready!

Just as in a domino effect , it only takes one fallen piece to bring all the other ones down with it , and that piece might be Deutsche Bank .
While many central banks around the world are having a meltdown but still keeping it together so far , the collapse of Deutsche Bank can destroy the entire global financial system .
In this video , we will explain to you how central banks ’ policies over the years had led the economy to a dead-end and the role of Deutsche Bank in what some can define as the @ @ @ @ @ @ @ unfolds , major central banks worldwide are totally losing control and the world economy is wandering around without any hope or direction .
From 2006 up until now , major central banks , as the Fed , ECB , BOJ & PBOC , have expanded their balance sheets from $ 5 trillion to $ 25.5 trillion , and the biggest share of the extra $ 20t that was created has been destined to prop up the financial system .
To simply put , central banks are recklessly and endlessly creating money out of @ @ @ @ @ @ @ real terms , that this money doesn ’ t have any value .
Even with these extra $ 20t , the world economy keeps crumbling down .
and to make it worse , the global debt has massively increased from $ 125t in 2006 to $ 280t today .
The 15 largest US banks have so far set aside $ 76b to cover bad debts and the 32 biggest European banks €56b .
This is the highest loan provision since the 2006-9 crisis which brought down Lehman and Bear Stearns .
The consultants @ @ @ @ @ @ @ could rise to $ 880b by the end of 2022 .
That would be 2.5x the 2009 loan provisions .
But I doubt that banks have realized the magnitude of the current economic problems .
Central banks clearly see the risks .
Otherwise , they wouldn ’ t have panicked back in August 2019.
” Part of that panic has been boosted by the Deutsche Bank situation .
The bank is going through a very strict austerity program to try to balance accounting after several years of losses .
Their total assets are @ @ @ @ @ @ @ accordingly , the equity is 4.7 % of their total assets .
Consequently , loan losses of 5 % would wipe out their capital , but strategists have been discussing that the coming loan losses of Deutsche bank could top 25 % .
So , adding the gross derivatives exposure of $ 50t , a 0.1 % loss would be enough to bankrupt Deutsche Bank .
Even though some may say that gross exposure should be reduced to a much lower net figure , during times of crisis when the counterparties fail , @ @ @ @ @ @ @ , being one of Europe ’ s largest banks , Deutsche Bank has shown its crashing conditions by asking hundreds of its managers to voluntarily renounce receiving their monthly salaries to try to save their own jobs , as a part of its cost reduction program .
The bank also plans to lay off around 18,000 employees by the end of 2022 .
Nevertheless , despite its fragility and financial hardships , Deutsche Bank is the main maintainer of European economies , and it has many bonuses from Italy , Spain , Portugal @ @ @ @ @ @ @ fear for the advance of the economic deterioration that could lead to bankruptcy , which would make the bank to be forced to sell these values at low prices in order to pay off its debts , breaking or deeply hurting a number of European economies .
The Financial Stability Board has released a report listing the financial institutions whose size and power are so great that their bankruptcy could influence in a systematic global crisis , what they referred to as “ too big to fail ” , meaning that the failure @ @ @ @ @ @ @ unprecedented consequences and endanger the survival of the whole financial system .

Just as in a domino effect, it only takes one fallen piece to bring all the other ones down with it, and that piece might be Deutsche Bank. While many central banks around the world are having a meltdown but still keeping it together so far, the collapse of Deutsche Bank can destroy the entire global financial system. In this video, we will explain to you how central banks’ policies over the years had led the economy to a dead-end and the role of Deutsche Bank in what some can define as the final strike.
As the banking crisis unfolds, major central banks worldwide are totally losing control and the world economy is wandering around without any hope or direction. From 2006 up until now, major central banks, as the Fed, ECB, BOJ & PBOC, have expanded their balance sheets from $5 trillion to $25.5 trillion, and the biggest share of the extra $20t that was created has been destined to prop up the financial system.
To simply put, central banks are recklessly and endlessly creating money out of thin air, which means, in real terms, that this money doesn’t have any value. Even with these extra $20t, the world economy keeps crumbling down. and to make it worse, the global debt has massively increased from $125t in 2006 to $280t today.
The 15 largest US banks have so far set aside $76b to cover bad debts and the 32 biggest European banks €56b. This is the highest loan provision since the 2006-9 crisis which brought down Lehman and Bear Stearns. The consultants Accenture estimates that losses from bad debts could rise to $880b by the end of 2022. That would be 2.5x the 2009 loan provisions. But I doubt that banks have realized the magnitude of the current economic problems. Central banks clearly see the risks. Otherwise, they wouldn’t have panicked back in August 2019.”
Part of that panic has been boosted by the Deutsche Bank situation. The bank is going through a very strict austerity program to try to balance accounting after several years of losses. Their total assets are of €1.3t and equity of €62b, accordingly, the equity is 4.7% of their total assets. Consequently, loan losses of 5% would wipe out their capital, but strategists have been discussing that the coming loan losses of Deutsche bank could top 25%. So, adding the gross derivatives exposure of $50t, a 0.1% loss would be enough to bankrupt Deutsche Bank. Even though some may say that gross exposure should be reduced to a much lower net figure, during times of crisis when the counterparties fail, the gross exposure remains gross.
Furthermore, being one of Europe’s largest banks, Deutsche Bank has shown its crashing conditions by asking hundreds of its managers to voluntarily renounce receiving their monthly salaries to try to save their own jobs, as a part of its cost reduction program. The bank also plans to lay off around 18,000 employees by the end of 2022.
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Nevertheless, despite its fragility and financial hardships, Deutsche Bank is the main maintainer of European economies, and it has many bonuses from Italy, Spain, Portugal, and other European countries, which fear for the advance of the economic deterioration that could lead to bankruptcy, which would make the bank to be forced to sell these values at low prices in order to pay off its debts, breaking or deeply hurting a number of European economies.
The Financial Stability Board has released a report listing the financial institutions whose size and power are so great that their bankruptcy could influence in a systematic global crisis, what they referred to as “too big to fail”, meaning that the failure of one of these institutions could cause unprecedented consequences and endanger the survival of the whole financial system.


investmentwatchblog--2020-09-07--Frankenstein’s monster just got a step closer. Scientists are creating living, programmable, self re

Frankenstein’s monster just got a step closer. Scientists are creating living, programmable, self repairing robots.

Frankenstein 's monster just got a step closer .
Scientists are creating living , programmable , self repairing robots .
@ @ @ @ @

Frankenstein's monster just got a step closer.
Scientists are creating living, programmable, self repairing robots.
They are creating new species.pic.twitter.com/PrYIfM8uee
— Ian56 (@Ian56789) September 7, 2020


investmentwatchblog--2020-09-07--Why I still expect UK house prices to fall

This morning has brought another example that to quote Todd Terry “ there ’ s something going on ” in the UK housing market .
Of course there is an enormous amount of government and Bank of England support but even so we are seeing a curious development .
That is from the Halifax earlier who are the latest to report on this trend where the initial effect of the Covid-19 pandemic has been not only to raise recorded house prices , but to give the rate of growth quite a shove .
Indeed prices rose by nearly as much @ @ @ @ @ @ @ the year to last August .
I would not spend to much time on the average price per see as each house price index has its own way of calculating that .
But the push higher in prices is unmistakable as we look for the causes .
I think maybe the stamp duty cut should come first , but the desire for larger properties is intriguing .
That may well b a euphemism for wanting a garden which after the lock down is no surprise , but at these prices how is it @ @ @ @ @ @ @ , be able to afford it is another .
It ’ s combination of interest-rate cuts .
QE bond buying , and credit easing has led to this .
As you can see it has got things on the move but both gross and net levels of activity are lower and especially the gross one .
That may well be a lock down feature as there are lags in the process .
But if the approvals numbers are any guide they are on their way It seems that the Monetary Policy Committee may @ @ @ @ @ @ @ .
Seeing as interest-rates are already at their Lower Bound and we are seeing QE bond buying as for example there will be another £1.473 billion today .
it does make you wonder what more he intends ?
Although in a more off the cuff moment he did say this .
He seems genuinely confused and frankly if he and his colleagues were wrong in August they are likely to be wrong in September as well !
Oh and is this an official denial ?
He did however get one thing right about @ @ @ @ @ @ @ mention of money demand which is more of an influence on broad money than supply a lot of the time .
Sadly though he fumbled the ball here .
It acts directly on narrow money growth and affects broad money growth via that .
Poor old Michael Saunders needs to get out a bit more as this shows .
Meanwhile back in the real world there is this .
There has been a reduction in supply of higher risk mortgages and such is it that one bank is making an offer for only @ @ @ @ @ @ @ demand .
Also according to Mortgage Strategy some mortgage rates saw a large weekly rise .
If we start with the last section which is something of a credit crunch for low equity or if you prefer high risk mortgages then that is something which can turn the house price trend .
I would imagine there will be some strongly worded letters being sent from the Governor of the Bank of England Andrew Bailey to the heads of the banks over this .
But on present trends this and its likely accompaniment which @ @ @ @ @ @ @ the market .
Indeed even the Halifax is btacing itself for falls .
What can the Bank of England do ?
Short of actually buying houses for people there is really only one more thing .
Cut interest-rates into negative territory and offer even more than the current £113 billion from the Term Funding Scheme ( to save the banks the inconvenience of needing those pesky depositors and savers ) .
Then look on in “ shock ” as the money misses smaller businesses as it floods the mortgage market .
But these @ @ @ @ @ @ @ it keeps pulling the same lever .
Also can HM Treasury now put stamp duty back up without torpedoing the market ?

by Shaun Richards
This morning has brought another example that to quote Todd Terry “there’s something going on” in the UK housing market. Of course there is an enormous amount of government and Bank of England support but even so we are seeing a curious development.
House prices rebound further to reach record
high, challenging affordability.
That is from the Halifax earlier who are the latest to report on this trend where the initial effect of the Covid-19 pandemic has been not only to raise recorded house prices, but to give the rate of growth quite a shove. Indeed prices rose by nearly as much this August on its own as in the year to last August.
“House prices continued to beat expectations in August, with prices again rising sharply, up by 1.6% on a
monthly basis. Annual growth now stands at 5.2%, its strongest level since late 2016, with the average
price of a property tipping over £245,000 for the first time on record.”
I would not spend to much time on the average price per see as each house price index has its own way of calculating that. But the push higher in prices is unmistakable as we look for the causes.
“A surge in market activity has driven up house prices through the post-lockdown summer period, fuelled
by the release of pent-up demand, a strong desire amongst some buyers to move to bigger properties, and
of course the temporary cut to stamp duty.”
I think maybe the stamp duty cut should come first, but the desire for larger properties is intriguing. That may well b a euphemism for wanting a garden which after the lock down is no surprise, but at these prices how is it being afforded? Wanting if one thing, be able to afford it is another.
Bank of England
It’s combination of interest-rate cuts. QE bond buying, and credit easing has led to this.
The mortgage market showed more signs of recovery in July, but remained weak in comparison to pre-Covid. On net, households borrowed an additional £2.7 billion secured on their homes. This was higher than the £2.4 billion in June but below the average of £4.2 billion in the six months to February 2020. The increase on the month reflected a slight increase in gross borrowing to £17.4 billion in July, below the pre-Covid February level of £23.7 billion and consistent with the recent weakness in mortgage approvals.
As you can see it has got things on the move but both gross and net levels of activity are lower and especially the gross one. That may well be a lock down feature as there are lags in the process. But if the approvals numbers are any guide they are on their way
The number of mortgages approvals for house purchase continued recovering in July, reaching 66,300, up from 39,900 in June. Approvals are now 10% below the February level of 73,700 (Chart 3), but more than seven times higher than the trough of 9,300 in May.
Michael Saunders
It seems that the Monetary Policy Committee may have further plans for the housing market.
Looking forward, I suspect that risks lie on the side of a slower recovery over the next year or two
and a longer period of excess supply than the forecast in the August MPR. If these risks develop,
then some further monetary loosening may be needed in order to support the economy and prevent
a persistent undershoot of the 2% inflation target. ( MPR = Monetary Policy Report )
Seeing as interest-rates are already at their Lower Bound and we are seeing QE bond buying as for example there will be another £1.473 billion today. it does make you wonder what more he intends? Although in a more off the cuff moment he did say this.
Review of negative rates is not finished: Not theologically oppsed to neg rates. ( ForexFlow)
He seems genuinely confused and frankly if he and his colleagues were wrong in August they are likely to be wrong in September as well! Oh and is this an official denial?
But I wouldn’t get too carried away by this prospect of money-fuelled inflation pressures.
He did however get one thing right about the money supply.
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In other words, the crisis has lifted the demand for money
– the amount of deposits that households and businesses would like to hold – as well as the rise in the
supply of money described above.
That is a mention of money demand which is more of an influence on broad money than supply a lot of the time. Sadly though he fumbled the ball here.
All this has been backed up by the BoE’s asset purchase programme, which (to the extent that bonds have
been bought from the non-bank private sector) acts directly to boost broad money growth.
It acts directly on narrow money growth and affects broad money growth via that.
Another credit crunch
Poor old Michael Saunders needs to get out a bit more as this shows.
And, thanks to the marked rise in their capital ratios during the last decade, banks have been much better
placed than previously to meet that demand for credit.
Meanwhile back in the real world there is this.
Barclays has lowered its loan to income multiples to a maximum of 4.49 times income. This applies to all LTVs, loan sizes and income scenarios except for where an LTV is greater than 90 per cent and joint income of the household is equal to or below £50,000, and where the debt to income ratio is equal to or above 20 per cent. In these two cases the income multiple has been lowered to 4 times salary. ( Mortgage Strategy)
There has been a reduction in supply of higher risk mortgages and such is it that one bank is making an offer for only 2 days to avoid being swamped with demand.
Accord Mortgages is relaunching it’s 90 per cent deals for first-time buyers for two days only next week. ( Mortgage Strategy)
Also according to Mortgage Strategy some mortgage rates saw a large weekly rise.
At 90 per cent LTV the rate flew upward by 32 basis points, taking the average rate from 3.22 per cent to 3.54 per cent…….Despite the overall average rate dropping for three-year fixes there was one large movement upwards within – at 90 per cent LTV the average rate grew from 3.26 per cent to 3.55 per cent.
Comment
If we start with the last section which is something of a credit crunch for low equity or if you prefer high risk mortgages then that is something which can turn the house price trend. I would imagine there will be some strongly worded letters being sent from the Governor of the Bank of England Andrew Bailey to the heads of the banks over this. But on present trends this and its likely accompaniment which is surveyors reducing estimated values will turn the market. Indeed even the Halifax is btacing itself for falls.
“Rising house prices contrast with the adverse impact of the pandemic on household earnings and with
most economic commentators believing that unemployment will continue to rise, we do expect greater
downward pressure on house prices in the medium-term.”
What can the Bank of England do? Short of actually buying houses for people there is really only one more thing. Cut interest-rates into negative territory and offer even more than the current £113 billion from the Term Funding Scheme ( to save the banks the inconvenience of needing those pesky depositors and savers). Then look on in “shock” as the money misses smaller businesses as it floods the mortgage market. But these days the extra push gets smaller because it keeps pulling the same lever.
Also can HM Treasury now put stamp duty back up without torpedoing the market?
Podcast


investmentwatchblog--2020-09-07--Are You Ready? PG&E Notifies Potential Power Shutoff in Portions of 18 Counties (Wine Prices Rising

Are You Ready? PG&E Notifies Potential Power Shutoff in Portions of 18 Counties (Wine Prices Rising With Covid … For The Moment)

It is Labor Day and I wish all workers the best since US employment is returning despite the government lockdown of numerous states due to Covid .
But California got a double whammy : Covid plus raging wildfires … again .
Are you ready ?
( Bloomberg ) — PG & E Corp. warned it may cut off power to 103,000 of its customers in California on Monday evening as strong , dry winds threaten the disaster-weary state .
PG & E said Sunday that it would shut down power lines in the San Francisco Bay Area and the Sierra @ @ @ @ @ @ @ with tree limbs and sparking fires if offshore winds expected to arrive Monday night pose a threat .
Years of deadly fires started by PG & E ’ s wires in wind storms forced California ’ s largest utility to file for bankruptcy protection last year .
The company emerged in July after agreeing to pay $ 25.5 billion to settle wildfire lawsuits .
PG & E ’ s warning came after California narrowly escaped rotating blackouts Sunday , as a holiday weekend heat wave sent temperatures soaring past 100 degrees ( 38 @ @ @ @ @ @ @ the state wreaked havoc on the electric grid , taking down power plants and transmission lines and cutting power to 70,000 homes and businesses .
And it capped a difficult summer for the Golden State , which suffered one of the nation ’ s worst coronavirus outbreaks despite keeping many businesses closed .
Days after an August hot spell triggered the first rotating outages since the energy crisis of 2001 , lightning strikes across the state ignited fires that forced more than 100,000 people to evacuate .
PG & E equity has gotten @ @ @ @ @ @ @ and the $ 25.5 billion settlement .
The stock is trading under $ 10 per share … until these wildfires .
The Live-ex Fine Wine 50 index has been falling since September , only to start rising again with the Covid outbreak .
Let ’ s hope the Napa valley is spared the wildfires and PG & E shutdown .
My concern is how Covid will impact the PICKING of the grapes … or will they just fall off the wine ?
For those of you who love movies about wine , I @ @ @ @ @ @ @ about the Santa Barbara wine country ( my favorite ) , or “ Bottle Shock ” about a Napa Valley winery ( Chateau Montelena ) winning a French wine tasting competition .
This may well be a scene from Pacific Gas and Electric ’ s management meeting .
“ Are you chewing gum ?
”

by confoundedinterest17
It is Labor Day and I wish all workers the best since US employment is returning despite the government lockdown of numerous states due to Covid.
But California got a double whammy: Covid plus raging wildfires … again. Are you ready?
(Bloomberg) — PG&E Corp. warned it may cut off power to 103,000 of its customers in California on Monday evening as strong, dry winds threaten the disaster-weary state.
PG&E said Sunday that it would shut down power lines in the San Francisco Bay Area and the Sierra Nevada foothills to keep them from tangling with tree limbs and sparking fires if offshore winds expected to arrive Monday night pose a threat. Years of deadly fires started by PG&E’s wires in wind storms forced California’s largest utility to file for bankruptcy protection last year. The company emerged in July after agreeing to pay $25.5 billion to settle wildfire lawsuits.
PG&E’s warning came after California narrowly escaped rotating blackouts Sunday, as a holiday weekend heat wave sent temperatures soaring past 100 degrees (38 degrees Celsius). Blazes raging across the state wreaked havoc on the electric grid, taking down power plants and transmission lines and cutting power to 70,000 homes and businesses.
And it capped a difficult summer for the Golden State, which suffered one of the nation’s worst coronavirus outbreaks despite keeping many businesses closed. Days after an August hot spell triggered the first rotating outages since the energy crisis of 2001, lightning strikes across the state ignited fires that forced more than 100,000 people to evacuate.
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PG&E equity has gotten blasted since the Paradise, CA disaster and the $25.5 billion settlement. The stock is trading under $10 per share … until these wildfires.
The Live-ex Fine Wine 50 index has been falling since September, only to start rising again with the Covid outbreak.
Let’s hope the Napa valley is spared the wildfires and PG&E shutdown. My concern is how Covid will impact the PICKING of the grapes … or will they just fall off the wine?
For those of you who love movies about wine, I would like to recommend “Sideways” about the Santa Barbara wine country (my favorite), or “Bottle Shock” about a Napa Valley winery (Chateau Montelena) winning a French wine tasting competition.
This may well be a scene from Pacific Gas and Electric’s management meeting. “Are you chewing gum?”
Are you ready?


investmentwatchblog--2020-09-07--Warren Buffett & Ray Dalio’s Firms Both Adding A Lot of Inflation Hedges Lately?

For the last few months , the firms of Warren Buffett ( Berkshire Hathaway ) & Ray Dalio ( Bridgewater @ @ @ @ @ their investment strategies towards more inflation hedges .
Buffett has recently increased exposure to energy @ @ @ @ @ miner , Barrick Gold , along with his Japanese company investments that also have mining @ @ @ @ @ pretty obvious that with interest rates near zero and being held stable by central banks @ @ @ @ @ returns nor risk reduction , ” a team led by Co-Chief Investment Officer Bob Prince @ @ @ @ @ .
This sounds like Bridgewater believes that bonds are not a good inflation hedge .

For the last few months, the firms of Warren Buffett (Berkshire Hathaway) & Ray Dalio (Bridgewater Associates) have been changing their investment strategies towards more inflation hedges. Buffett has recently increased exposure to energy companies and even a gold miner, Barrick Gold, along with his Japanese company investments that also have mining exposure.
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“It is pretty obvious that with interest rates near zero and being held stable by central banks, bonds can provide neither returns nor risk reduction,” a team led by Co-Chief Investment Officer Bob Prince wrote in the July report. This sounds like Bridgewater believes that bonds are not a good inflation hedge.


investmentwatchblog--2020-09-07--Senator Rand Paul demands money given to rioters be traced, investigated

Senator Rand Paul demanded that an investigation be started into where money given to groups such as Black Lives Matter @ @ @ @ @ if it is being used to spark violence in major US cities .
t.co/WZJKA5khIZ

Senator Rand Paul demanded that an investigation be started into where money given to groups such as Black Lives Matter is being spent, and if it is being used to spark violence in major US cities. t.co/WZJKA5khIZ
— Paul Joseph Watson (@PrisonPlanet) September 7, 2020


investmentwatchblog--2020-09-07--California just declared war on property owners by banning evictions, allowing people who don’t pay

California just declared war on property owners by banning evictions, allowing people who don’t pay rent to occupy homes they don’t own

plandemic to stop paying rent until at least February with no immediate consequences .
With the state ’ s existing eviction moratorium on the verge of expiring , California Gov .
Gavin Newsom has signed into law a new bill allowing renters who are financially impacted by the Wuhan coronavirus ( COVID-19 ) to stop paying rent until at least February with no immediate consequences .
The legislation passed both Democrat-dominated state houses with supermajorities in the final hours of their lengthy , two-year legislative session .
After finally coming to a compromise agreement with various stakeholders , the bill @ @ @ @ @ @ @ signed it into law .
Those in support of the bill say it will help keep California ’ s 17 million renters from going homeless since much of the state is still closed due to the plandemic .
Tenants who declare that they have lost income due to the Wuhan coronavirus ( COVID-19 ) will now be allowed to stop paying rent until Feb. 1 .
Further , all back rent owed by tenants from this past March 1 up until Aug. 31 will be converted to consumer debt , meaning it can @ @ @ @ @ @ @ eviction .
To continue receiving protection under the legislation , however , renters will need to continue paying at least 25 percent of their cumulative rent between Sept. 1 and Jan. 31 .
Starting March 1 , 2021 , landlords will then have the option to pursue lost rent in small-claims court , though they will not be allowed to use this as an excuse to evict tenants .
All they can do is try to retrieve what they were owed once things eventually – assuming they ever do – go back to @ @ @ @

plandemic to stop paying rent until at least February with no immediate consequences. With the state’s existing eviction moratorium on the verge of expiring, California Gov. Gavin Newsom has signed into law a new bill allowing renters who are financially impacted by the Wuhan coronavirus (COVID-19)to stop paying rent until at least February with no immediate consequences.
The legislation passed both Democrat-dominated state houses with supermajorities in the final hours of their lengthy, two-year legislative session. After finally coming to a compromise agreement with various stakeholders, the bill was passed and Gov. Newsom immediately signed it into law.
Those in support of the bill say it will help keep California’s 17 million renters from going homeless since much of the state is still closed due to the plandemic. Tenants who declare that they have lost income due to the Wuhan coronavirus (COVID-19) will now be allowed to stop paying rent until Feb. 1.
Further, all back rent owed by tenants from this past March 1 up until Aug. 31 will be converted to consumer debt, meaning it cannot be used as grounds for later eviction. To continue receiving protection under the legislation, however, renters will need to continue paying at least 25 percent of their cumulative rent between Sept. 1 and Jan. 31.
Starting March 1, 2021, landlords will then have the option to pursue lost rent in small-claims court, though they will not be allowed to use this as an excuse to evict tenants. All they can do is try to retrieve what they were owed once things eventually – assuming they ever do – go back to “normal.”
More of the latest news about the continued collapse of America due to the government’s Wuhan coronavirus (COVID-19) response can be found at Collapse.news
www.madnesshub.com/2020/09/california-just-declared-war-on.html
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investmentwatchblog--2020-09-07--UCLA, Stanford study finds for average 50-64 year old, chances of dying from COVID-19 are 1 in 19.1M

So let ’ s DESTROY the economy over nothing but lies .
People , and I mean ‘ leaders ’ @ @ @

So let’s DESTROY the economy over nothing but lies. People, and I mean ‘leaders’ need to hang
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h/t SleepNowMyThrowaway


investmentwatchblog--2020-09-07--Diamond Live: Record Heat in LA County – Record Cold In The Rockies & Record Summer Snow -Crickets F

Diamond Live: Record Heat in LA County – Record Cold In The Rockies & Record Summer Snow -Crickets From Mainstream

Diamond gives us the forecast , crop losses .

Diamond gives us the forecast, crop losses.
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AC


investmentwatchblog--2020-09-07--The LINE to be vaccinated in Russia. Supposedly against flu.

I can ’ t make out what is written on paper .
The writing on the van – “ Mobile @ @ @ @ @ who filmed it says : People have gone crazy .
So many deranged people .
@ @ @ @ @ for “ chosen ones ” , most likely it ’ s against flu .
Anyway @ @ @ @ @ .

I can’t make out what is written on paper.
The writing on the van – “Mobile vaccination facility”.
Man who filmed it says: People have gone crazy. So many deranged people.
Now covid vaccine is only for “chosen ones”, most likely it’s against flu. Anyway, they are just biogarbage.
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AC


investmentwatchblog--2020-09-07--Candace Owens just Schooled Cardi B Live on IG! And I mean she COMPLETELY OWNED HER!

They ’ ve been having it out on twitter for hours , and Cardi B went live on IG to @ @ @ @ @ followers .
This is Candace ’ s epic response where she just dropped a nuke @ @ @ @ @ @ RealCandaceO I ’ m almost 6 months pregnant and had to rip @ iamcardib @ @ @ @

They’ve been having it out on twitter for hours, and Cardi B went live on IG to bash Candace O to her followers.
This is Candace’s epic response where she just dropped a nuke on Cardi B.
www.instagram.com/tv/CE0Rtn4FqE7/?igshid=qa3f1mrr4a9h
Trump/Owens 2024!
Candace Owens
@RealCandaceO
I’m almost 6 months pregnant and had to rip @iamcardib
a new WAP.
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Watch here:
www.instagram.com/tv/CE0Rtn4FqE7/?igshid=qa3f1mrr4a9h
Goodnight fam.
#TRUMP2020 all day, every day.
I’m almost 6 months pregnant and had to rip @iamcardib a new WAP. Watch here: t.co/mLbMeDgm9s Goodnight fam. #TRUMP2020 all day, every day. — Candace Owens (@RealCandaceO) September 7, 2020
IW


investmentwatchblog--2020-09-07--BIDEN “Stop Your Boast About, Never Being, Seemed At You, You Can Do Anything”

Biden Speaks Gibberish as He Tries to Call Out Trump : “ Stop Your Boast About — Never Being — @ @ @ @ @ Can Do Anything ” ( VIDEO ) Joe Biden crawled out of his basement on @ @ @ @ @ movement and napping most of Tuesday .
Biden began speaking gibberish at an event in @ @ @ @ @ .
The 77-year-old tried to blast President Trump and ended up jumbling his words .
@ @ @ @ @ — never being — seemed at you — you can do anything .
”

Biden Speaks Gibberish as He Tries to Call Out Trump: “Stop Your Boast About — Never Being — Seemed at You — You Can Do Anything” (VIDEO)
Joe Biden crawled out of his basement on Wednesday after shutting down pool movement and napping most of Tuesday.
Biden began speaking gibberish at an event in Wilmington, Delaware on Wednesday.
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The 77-year-old tried to blast President Trump and ended up jumbling his words.
“Stop your boast about — never being — seemed at you — you can do anything.”
BIDEN to TRUMP: “Stop your boast about — never being — seemed at you — you can do anything.” pic.twitter.com/dkGZPcKQPm — Benny (@bennyjohnson) September 2, 2020
www.thegatewaypundit.com/2020/09/biden-speaks-gibberish-tries-call-trump-stop-boast-never-seemed-can-anything-video/


investmentwatchblog--2020-09-07--Red Alert: China Dumping U.S. Debt! Prepare For The Coming Apocalyptic Dollar Collapse

China is now dumping the US Treasurys it holds .
In today ’ s video , we are going to examine how China is weaponizing the American debt in order to add pressure on the US economy and get leverage on the Trade War , boosting not only the dollar collapse or the US economy downfall , but creating a potential threat of a global economic crash .
With a total debt of far above 26 trillion dollars , the US economic structures are barely standing at this point .
The Fed has been considering moving into negative interest rates @ @ @ @ @ @ @ the Fed would pursue the policy of negative rates right now , and there ’ s been much discussion about how much longer the agency can linger before it becomes unavoidable to do so .
This adds to the number of reasons China decided to get rid of US bonds .
China is the second-largest foreign creditor and it doesn ’ t seem to have an interest in waiting to see what will happen when the dollar devaluation becomes overwhelming .
Tensions between Washington and Beijing keep rising in the face of the @ @ @ @ @ @ @ trade war , and long-standing ideological contest .
But before you think China ’ s intention to dump US Treasuries , weaponizing the American debt against itself comes exclusively from a place of greed or a power move , The US has been weaponizing the dollar for way longer .
China is only reciprocating .
China owns over a trillion dollars in US debt , and in the light of the ongoing Trade War and the prospects of the dollar losing its value , massively selling these bonds is an opportunity to preserve @ @ @ @ @ @ @ back American sanctions , add pressure to Washington ’ s presence in Beijing , and ultimately overthrow the supremacy of the US dollar in global commerce .
China has loudly stated it won ’ t be purchasing US debt anymore and will start getting rid of the US debt it holds , which will directly affect the American economy and the dollar because the US needs places to soak up its debt .
The global sale of oil and natural gas in US dollars is what allowed some stability to the currency , @ @ @ @ @ @ @ the American economy crumble , there is a tendency of diversifying transactions with the use of other currencies , such as the Euro , which has been growing in oil purchasing year after year .
In this direction , what has been called the “ Nuclear Option ” , in essence , China ’ s decision to weaponize its holdings of US debt , selling these out and flooding the markets with US Treasury bonds is bound to happen soon enough .
This means that even if the Fed decides to print more @ @ @ @ @ @ @ debt back , there would still be a massive unbalance on ally countries markets , such as Britain , Netherlands , and France , creating a catastrophe in the world bank and triggering a disastrous worldwide depression .
As a consequence , the dollar crash is likely to happen sooner than expected .
Analysts have been arguing that this move will add 10 to 15 trillion to the federal deficit and will make the US economy spiral to its ruin .
The American economy is both losing credibility and preeminence in global markets @ @ @ @ @ @ @ possibly driving other countries off the cliff with it .
In simple terms , countries that are holding US bonds and using US dollars as a reserve currency are also likely to suffer from the impact of the colossal inflation that is being created .
But don ’ t be mistaken – China will act strategically not to hurt itself during this procedure .
As many people may ask if the Chinese economy wouldn ’ t also hurt from this sell-out , the answer is yes , it would .
If the proceedings @ @ @ @ @ @ @ crash happened all in once , America would lose its purchasing power , and most imported products come from China , so the Chinese government has to be very cautious not to let that strategy backfire .
And up until now , it has demonstrated its great ability to take calculated actions to protect itself from American imperialism .
The US debt will be sold gradually , but at the fastest pace possible , to prevent the Chinese economy from further damages .
How the world ’ s largest economy ended up like @ @ @ @ @ @ @ state the obvious : it got blinded by its own greed .
The American capitalists went to explore the Chinese giant market and profit from its cheap labor and ended up making its own market rotten from the inside .
The US has never faced such tough times and so much pressure from so many different sectors .
That can only create an astronomical explosion that will leave the blood dripping over the face of the Americans .
The economy can not run from it , but you still can .
All these @ @ @ @ @ @ @ , but they are nothing more than imaginary conventions .
The only real thing here is the people .
So we can change reality if we are willing to wake up .

China is now dumping the US Treasurys it holds. In today’s video, we are going to examine how China is weaponizing the American debt in order to add pressure on the US economy and get leverage on the Trade War, boosting not only the dollar collapse or the US economy downfall, but creating a potential threat of a global economic crash.
With a total debt of far above 26 trillion dollars, the US economic structures are barely standing at this point. The Fed has been considering moving into negative interest rates, although Powell had thoroughly affirmed that the Fed would pursue the policy of negative rates right now, and there’s been much discussion about how much longer the agency can linger before it becomes unavoidable to do so. This adds to the number of reasons China decided to get rid of US bonds. China is the second-largest foreign creditor and it doesn’t seem to have an interest in waiting to see what will happen when the dollar devaluation becomes overwhelming.
Tensions between Washington and Beijing keep rising in the face of the global health outbreak, territorial disputes a trade war, and long-standing ideological contest. But before you think China’s intention to dump US Treasuries, weaponizing the American debt against itself comes exclusively from a place of greed or a power move, The US has been weaponizing the dollar for way longer. China is only reciprocating.
China owns over a trillion dollars in US debt, and in the light of the ongoing Trade War and the prospects of the dollar losing its value, massively selling these bonds is an opportunity to preserve the country’s wealth, fight back American sanctions, add pressure to Washington’s presence in Beijing, and ultimately overthrow the supremacy of the US dollar in global commerce.
China has loudly stated it won’t be purchasing US debt anymore and will start getting rid of the US debt it holds, which will directly affect the American economy and the dollar because the US needs places to soak up its debt. The global sale of oil and natural gas in US dollars is what allowed some stability to the currency, however, as the world is watching the American economy crumble, there is a tendency of diversifying transactions with the use of other currencies, such as the Euro, which has been growing in oil purchasing year after year.
In this direction, what has been called the “Nuclear Option”, in essence, China’s decision to weaponize its holdings of US debt, selling these out and flooding the markets with US Treasury bonds is bound to happen soon enough. This means that even if the Fed decides to print more money and buy the 1 trillion dollar debt back, there would still be a massive unbalance on ally countries markets, such as Britain, Netherlands, and France, creating a catastrophe in the world bank and triggering a disastrous worldwide depression.
As a consequence, the dollar crash is likely to happen sooner than expected. Analysts have been arguing that this move will add 10 to 15 trillion to the federal deficit and will make the US economy spiral to its ruin. The American economy is both losing credibility and preeminence in global markets, what is more, it is possibly driving other countries off the cliff with it. In simple terms, countries that are holding US bonds and using US dollars as a reserve currency are also likely to suffer from the impact of the colossal inflation that is being created.
But don’t be mistaken – China will act strategically not to hurt itself during this procedure. As many people may ask if the Chinese economy wouldn’t also hurt from this sell-out, the answer is yes, it would. If the proceedings were made too fast and the dollar crash happened all in once, America would lose its purchasing power, and most imported products come from China, so the Chinese government has to be very cautious not to let that strategy backfire. And up until now, it has demonstrated its great ability to take calculated actions to protect itself from American imperialism. The US debt will be sold gradually, but at the fastest pace possible, to prevent the Chinese economy from further damages.
We are primarily funded by readers. Please subscribe and donate to support us!
How the world’s largest economy ended up like this? We’ll have to state the obvious: it got blinded by its own greed. The American capitalists went to explore the Chinese giant market and profit from its cheap labor and ended up making its own market rotten from the inside. The US has never faced such tough times and so much pressure from so many different sectors. That can only create an astronomical explosion that will leave the blood dripping over the face of the Americans. The economy can not run from it, but you still can. All these structured institutions seem pretty solid to us, but they are nothing more than imaginary conventions. The only real thing here is the people. So we can change reality if we are willing to wake up.


investmentwatchblog--2020-09-07--It Looks Like Biden Is Listening to Those Who Don’t Want Him to Debate Trump

Bronson Stocking from Townhall reports , Building on the groundwork laid by liberals like Nancy Pelosi and the New York @ @ @ @ @ who implored Democratic presidential nominee Joe Biden to skip the upcoming presidential debates with President @ @ @ @ @ to be real-time fact-checked by a media that hates him – Joe Biden called for @ @ @ @ @

Bronson Stocking from Townhall reports, Building on the groundwork laid by liberals like Nancy Pelosi and the New York Times’ Thomas Friedman – who implored Democratic presidential nominee Joe Biden to skip the upcoming presidential debates with President Trump, unless Trump agrees to be real-time fact-checked by a media that hates him – Joe Biden called for live fact-checkers on Wednesday.
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Read More/Source/Credit/FairUse:
townhall.com/tipsheet/bronson…


investmentwatchblog--2020-09-07--Welcome to demorat-run California: Turn off AC & appliances during heatwave!

California is having a heatwave right now .
They are also experiencing blackouts .
Los Angeles Mayor Eric Garcetti has @ @ @ @ @ Years of “ progressive climate change ” policies have destroyed the energy infrastructure and capabilities @ @ @ @ @ desire to be a leader in renewable energy , the demorats have destroyed the state @ @ @ @ @ handle “ normal ” weather events .
When are demorats going to learn that elections @ @ @ @ @ know it , California will be like this :

by DCG
California is having a heatwave right now. They are also experiencing blackouts.
Los Angeles Mayor Eric Garcetti has a solution for that:
It’s almost 3 p.m. Time to turn off major appliances, set the thermostat to 78 degrees (or use a fan instead), turn off excess lights and unplug any appliances you’re not using. We need every Californian to help conserve energy. Please do your part. #FlexAlert — MayorOfLA (@MayorOfLA) September 6, 2020
Years of “progressive climate change” policies have destroyed the energy infrastructure and capabilities in California. In their desire to be a leader in renewable energy, the demorats have destroyed the state’s ability to adequately handle “normal” weather events.
We are primarily funded by readers. Please subscribe and donate to support us!
When are demorats going to learn that elections have consequences?
Before you know it, California will be like this:
DCG


investmentwatchblog--2020-09-07--Firefighters In Yucaipa find Cause of Fire.. Gender Reveal Party Smoke Device…7000 acres 3000 evacua

Firefighters In Yucaipa find Cause of Fire.. Gender Reveal Party Smoke Device…7000 acres 3000 evacuated..

Firefighters Continue To Battle El Dorado Fire In Yucaipa , Cause Revealed To Be Gender Reveal Party Smoke Device YUCAIPA @ @ @ @ @ on Sunday continued to battle intense flames in the Yucaipa area as a 7,050-acres brush @ @ @ @ @ extreme weather conditions .
The El Dorado fire erupted around 10:30 a.m. Saturday at El @ @ @ @ @ by afternoon , had spurred the evacuation of about 3,000 residents .
The fire remained @ @ @ @ @ with more than 600 personnel battling the flames .

Firefighters Continue To Battle El Dorado Fire In Yucaipa, Cause Revealed To Be Gender Reveal Party Smoke Device
YUCAIPA (CBSLA) — Firefighters on Sunday continued to battle intense flames in the Yucaipa area as a 7,050-acres brush fire continues to burn amid extreme weather conditions.
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The El Dorado fire erupted around 10:30 a.m. Saturday at El Dorado Ranch Park, and by afternoon, had spurred the evacuation of about 3,000 residents. The fire remained at 5 percent containment, with more than 600 personnel battling the flames.
www.theguardian.com/us-news/2020/sep/07/california-fire-caused-by-explosive-at-gender-reveal-party


investmentwatchblog--2020-09-07--In the Footsteps of Rome: Maybe It No Longer Matters Who’s Emperor

Pretense and PR are not reality , and believing the Old Normal will magically be restored with sacrifice-free Federal Reserve printing is not an actual strategy .
Quick history quiz : who was the second-to-the-last Emperor of the Western Roman Empire ?
How about the third-to-the-last ?
Answers : Glycerius , 473-74 A.D. and Julius Nepos , 474-475 A.D .
The last emperor was the grandly titled Romulus Augustus , who reigned less than a year until the whole shebang disintegrated in 476 A.D. You get the point : when the momentum of collapse crosses the Event Horizon , it @ @ @ @ @ @ @ of Head Snake ; the collapse is beyond the control of any individual or agency .
So when I hear the most important election in history , last chance for democracy , etc .
I hear blah-blah-blah because we ’ re following the footsteps of Rome ’ s collapse to a T. As I explained in How Nations Collapse : Disunity ( 8/20/20 ) , profound disunity between classes and within power elites is the key driver of collapse , as all the energy required to make the perilous , radical changes needed @ @ @ @ @ @ @ in-fighting and jockeying for control of the dwindling centralized power .
The final generation of Romans also preferred pretense to reality .
The last Roman elites found solace in Rome ’ s past glories , as if it was inevitable that something or other would magically restore Rome ’ s power and stability without any sacrifices being made by the elites or the public .
Today we hear the shrill , keening cries for the pretense of unity : since actual unity has been lost , then public-relations pretense is the best the @ @ @ @ @ @ @ the waning days of the Western Roman Empire , the elites got overly greedy and complacent–a fatal combination .
America ’ s billionaire class and the New Nobility just below the billionaires have scooped most of the economy ’ s gains since 2008 , and paid either zero or low taxes .
( Just ask Mr. Gates how to make your fortune tax-free via philanthro-capitalist foundations that are simply other avenues for achieving the same dominance . )
Once you have a Big Tech monopoly , the political influence to protect your monopoly @ @ @ @ @ @ @ , junk bonds , etc.
, then your greed has no limit .
Just as in Rome ’ s waning days , the super-wealthy evade taxes and indeed , any sacrifice .
Whatever wealth remains is sluiced into the coffers of the super-wealthy while the citizenry pay the price via the destruction of social mobility , higher taxes and a fast-decaying real economy .
The power elites are complacent , as they believe manipulating top-heavy bureaucracies and captured central bankers is the only skillset needed .
Creating value or real-world goods and services @ @ @ @ @ @ @ is made in corruption , fraud and legalized looting ?
America squandered its last chance to make the necessary sacrifices and radical systemic changes in the 2008 Global Financial Meltdown .
The power elites bailed themselves out at the cost of systemic stability , and now the dominoes are finally falling .
Human Wetware 1.0 hasn ’ t changed since 473 A.D. and so our elites are filled with the same complacent hubris as the last batch of greedy , entitled , overly impressed with their wealth and power elites of Rome .
@ @ @ @ @ @ @ all those whose self-serving greed undermined the republic , and print trillions to distribute bread and circuses to placate the milling mob , thereby destroying the value of the bread and the last pretenses of a “ market economy.
” Rather than face the need for a radical from-the-ground-up reformation of the political-economic system , our elites have focused on increasing their already destabilizing wealth and power and taking down their elite rivals .
As a result , there is no way to stop the dominoes from falling .
Pretense and PR are @ @ @ @ @ @ @ Normal will magically be restored with sacrifice-free Federal Reserve printing is not an actual strategy .
The Fall of the Roman Empire : A Reappraisal ( Michael Grant ) Audiobook edition now available : Will You Be Richer or Poorer ?
: Profit , Power , and AI in a Traumatized World ( $ 13 ) ( Kindle $ 6.95 , print $ 11.95 ) Read the first section for free ( PDF ) .
Pathfinding our Destiny : Preventing the Final Fall of Our Democratic Republic ( $ 6.95 ( Kindle ) @ @ @ @ @ @ @ $ 13.08 ( audiobook ) : Read the first section for free ( PDF ) .
The Adventures of the Consulting Philosopher : The Disappearance of Drake $ 1.29 ( Kindle ) , $ 8.95 ( print ) ; read the first chapters for free ( PDF ) Money and Work Unchained $ 6.95 ( Kindle ) , $ 15 ( print ) Read the first section for free ( PDF ) .
If you found value in this content , please join me in seeking solutions by becoming a $ 1/month patron @ @ @ @ @ @

by Charles Hugh-Smith
Pretense and PR are not reality, and believing the Old Normal will magically be restored with sacrifice-free Federal Reserve printing is not an actual strategy.
Quick history quiz: who was the second-to-the-last Emperor of the Western Roman Empire? How about the third-to-the-last? Answers: Glycerius, 473-74 A.D. and Julius Nepos, 474-475 A.D. The last emperor was the grandly titled Romulus Augustus, who reigned less than a year until the whole shebang disintegrated in 476 A.D.
You get the point: when the momentum of collapse crosses the Event Horizon, it no longer matters who claims the title of Head Snake; the collapse is beyond the control of any individual or agency.
So when I hear the most important election in history, last chance for democracy, etc. I hear blah-blah-blah because we’re following the footsteps of Rome’s collapse to a T. As I explained in How Nations Collapse: Disunity (8/20/20), profound disunity between classes and within power elites is the key driver of collapse, as all the energy required to make the perilous, radical changes needed to save the system are squandered on in-fighting and jockeying for control of the dwindling centralized power.
The final generation of Romans also preferred pretense to reality. The last Roman elites found solace in Rome’s past glories, as if it was inevitable that something or other would magically restore Rome’s power and stability without any sacrifices being made by the elites or the public.
Today we hear the shrill, keening cries for the pretense of unity: since actual unity has been lost, then public-relations pretense is the best the elites can manage.
just as in the waning days of the Western Roman Empire, the elites got overly greedy and complacent–a fatal combination. America’s billionaire class and the New Nobility just below the billionaires have scooped most of the economy’s gains since 2008, and paid either zero or low taxes. (Just ask Mr. Gates how to make your fortune tax-free via philanthro-capitalist foundations that are simply other avenues for achieving the same dominance.)
Once you have a Big Tech monopoly, the political influence to protect your monopoly, and the Federal Reserve juicing stocks, junk bonds, etc., then your greed has no limit. Just as in Rome’s waning days, the super-wealthy evade taxes and indeed, any sacrifice. Whatever wealth remains is sluiced into the coffers of the super-wealthy while the citizenry pay the price via the destruction of social mobility, higher taxes and a fast-decaying real economy.
The power elites are complacent, as they believe manipulating top-heavy bureaucracies and captured central bankers is the only skillset needed. Creating value or real-world goods and services? Why bother when the real money is made in corruption, fraud and legalized looting?
America squandered its last chance to make the necessary sacrifices and radical systemic changes in the 2008 Global Financial Meltdown. The power elites bailed themselves out at the cost of systemic stability, and now the dominoes are finally falling.
Human Wetware 1.0 hasn’t changed since 473 A.D. and so our elites are filled with the same complacent hubris as the last batch of greedy, entitled, overly impressed with their wealth and power elites of Rome.
The Fed will continue to bail out all those whose self-serving greed undermined the republic, and print trillions to distribute bread and circuses to placate the milling mob, thereby destroying the value of the bread and the last pretenses of a “market economy.”
We are primarily funded by readers. Please subscribe and donate to support us!
Rather than face the need for a radical from-the-ground-up reformation of the political-economic system, our elites have focused on increasing their already destabilizing wealth and power and taking down their elite rivals.
As a result, there is no way to stop the dominoes from falling. Pretense and PR are not reality, and believing the Old Normal will magically be restored with sacrifice-free Federal Reserve printing is not an actual strategy.
The Fall of the Roman Empire: A Reappraisal (Michael Grant)
Recent Podcasts:
The Ochelli Effect 8-31-2020: first half: Charles Hugh Smith 2nd half: Terry Tapp
My COVID-19 Pandemic Posts
My recent books:
Audiobook edition now available:
Will You Be Richer or Poorer?: Profit, Power, and AI in a Traumatized World ($13)
(Kindle $6.95, print $11.95) Read the first section for free (PDF).
Pathfinding our Destiny: Preventing the Final Fall of Our Democratic Republic ($6.95 (Kindle), $12 (print), $13.08 ( audiobook): Read the first section for free (PDF).
The Adventures of the Consulting Philosopher: The Disappearance of Drake $1.29 (Kindle), $8.95 (print); read the first chapters for free (PDF)
Money and Work Unchained $6.95 (Kindle), $15 (print) Read the first section for free (PDF).
If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via patreon.com.