ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Mar 06 09:05

Won't Somebody Please Think Of The GDP?

CNBC's Rick Santelli suggests giving everyone coronavirus to spare the economy...

Mar 06 08:59

VIX Rise Overdone, But Part of Enduring Trend

Mar 06 08:21

Physical Gold Will Soon Break Free From The Paper Market In Spectacular Fashion

Not long ago, the idea of gold and silver market manipulation was considered the realm of “conspiracy theory”. Alternative economists and precious metals investors were often accused of “wild imagination” or bitterness when it came to long periods of stagnation in the market. Despite a considerable amount of evidence to the contrary, our suspicions were not being taken seriously.

Fast forward to 2019, which was the year of vindication for all gold bugs. Multiple banking entities had been implicated in gold and silver market manipulation, including JP Morgan. It was no longer a “theory”; now it was fact. The problem is, whenever these institutions get caught illegally undercutting the market, they get a fine, at most. Essentially, they receive a slap on the wrist and then go right back to strongarming metals.

Mar 06 08:09

Gold Surges 7.5% In Week As Coronavirus Impacts Companies, Markets and Economies

Gold has surged 7.5% this week to $1,690/oz and is set for its biggest weekly gain since October 2011. It has reached a new seven year high today as fears mount over the negative effect of the coronavirus on companies, economies, markets and currencies.

? Gold is the top performing asset this week (see table above) and so far in 2020 as investors become risk averse and diversify into safe haven gold. Gold is 10% higher year to date in 2020, while the S&P 500 is down 6.2% (see table below).

? Central banks globally including the ECB look set to follow the Federal Reserve’s emergency 50 basis point interest rate cut on Tuesday. U.S. bonds have fallen to record lows near 0% which is making non negative yielding gold very attractive to investors.

Mar 06 07:28

COCA-COLA ACCUSED OF FUNDING COLOMBIAN DEATH SQUAD

SOURCE: TELESUR ENGLISH
Coca-Cola was accused of hiring hitmen from a prominent paramilitary group between 1990 and 2002 to kill at least 10 trade union leaders.
U.S.-based Coca-Cola company along with more than 50 other companies were accused by Colombian courts of financing terrorism for their ties to the now-disbanded paramilitary organization, United Self-Defense Forces of Colombia, a fact trade union leaders have been denouncing for decades.

The cases against the companies will be heard in a transitional justice tribunal after the peace deal with the Revolutionary Armed Forces of Colombia and the government is signed.

Coca-Cola was accused of hiring hitmen from the AUC between 1990 and 2002 to kill at least 10 labor union leaders who were trying to organize Coca-Cola’s plants. U.K. oil company BP has also be taken to court for its funding of AUC, along with kidnapping and human rights abuses.

Webmaster's Commentary: 

Every executive in these companies who "signed off" on these assassinations, should be publicly accused; tried and convicted of their crimes, if guilty; and do hard time in the worst facilities their countries have to offer.

In my world, particularly when working conditions are "crud", labor unions have a legitimate place and a purpose on this planet, and the leadership of these organisations should be dealt with through negotiations; not assassinations.

And NO ONE, no matter how far up the "corporate food chain" they may be, should be allowed to get away with murder, period, end of discussion.

Mar 05 18:26

Is this the beginning of the end for yield?

Mar 05 17:12

Coronavirus not priced in.

Mar 05 14:26

Empires of the Steppes Fuel Erdogan Khan’s DreamsAs Putin meeting looms, no one in Moscow believes any word, promise or cajoling from Erdogan anymore

“Idlib is mine”

So there is a link between the turcophone tribes of Central Asia from the 5th and 6thcenturies and the current Turkish nation. From the 6th to the 11th centuries they were set up as a confederation of big tribes. Then, going southwest, they founded states. Chinese sources document the first turkut (Turkish empires) as eastern Turks in Mongolia and western Turks in Turkestan.

They were followed by more or less ephemeral empires of the steppes such as the Uighurs in the 8th century (who, by the way, were originally Buddhists). It’s interesting that this original past of the Turks in Central Asia, before Islam, was somewhat elevated to mythic status by the Kemalists.

Mar 05 10:45

Stock Market Futures Fall After Rally; Dow, S&P 500, Nasdaq Lose Over 1% Each

The massive rally Wednesday that saw all three Wall Street indices rise by 4% seems to have spent itself with Thursday's futures heralding another correction that might mirror Tuesday's broad selloff.

Dow Jones futures fell for the second time this week, this time by 1.1% Thursday compared to fair value. S&P 500 futures lost 1.2% while NASDAQ 100 futures slid 1.25%. While futures can't accurately predict real world trading, they can, however, influence investor sentiment which remains touchy on account of the chaotic COVID-19 situation.

Analysts point out Dow Jones futures have been highly volatile during the full-blown COVID-19 stock market correction that began February 24 and led to the Dow's worst week since the Great Recession of 2008. This unnerving volatility extended into this week with a rally Monday, a correction Tuesday followed by a sharp rally Wednesday.

Mar 05 10:38

Silver Prices To Gain Due To Expanded Industrial Demand and Investment Demand for ETFs, Coins and Large Bars

Macroeconomic and geopolitical conditions will remain broadly supportive for precious metals, encouraging investors to remain buyers of silver, a development that should lift silver prices higher this year, according to officials of the Silver Institute.

The Institute provides the following insights on 2020 silver market trends.

Mar 05 10:21

Cannabis greenhouse retreat continues as Canopy closes two facilities, sheds 500 jobs

Another Canadian cannabis producer is slashing jobs and closing greenhouses in the wake of a years-long expansion drive that resulted in an oversupplied market and underutilized facilities.

Canopy Growth, one of the world’s biggest cannabis producers, on Wednesday announced the closure of two British Columbia greenhouses, in Aldergrove and Delta.

Mar 05 10:05

Man getting back his $82K life savings after it was seized at Pittsburgh International Airport

PITTSBURGH — A man’s life savings of more than $82,000 will be returned to him after it was seized in August at Pittsburgh International Airport, officials said.

In a letter from the Drug Enforcement Administration, the Institute for Justice said it was told, “After further review, a decision has been made to return the property.”

Mar 05 10:01

Who Made Coronavirus? Was It the U.S., Israel or China Itself?

The most commonly reported mainstream media account of the creation of the Coronavirus suggests that it was derived from an animal borne microorganism found in a wild bat that was consumed by an ethnic Chinese resident of Wuhan. But there appears to be some evidence to dispute that in that adjacent provinces in China, where wild bats are more numerous, have not experienced major outbreaks of the disease. Because of that and other factors, there has also been considerable speculation that the Coronavirus did not occur naturally through mutation but rather was produced in a laboratory, possibly as a biological warfare agent.

Mar 05 06:40

CORONAVIRUS VS. THE MASS SURVEILLANCE STATE: WHICH POSES THE GREATER THREAT?

SOURCE: JOHN W. WHITEHEAD
“If, as it seems, we are in the process of becoming a totalitarian society in which the state apparatus is all-powerful, the ethics most important for the survival of the true, free, human individual would be: cheat, lie, evade, fake it, be elsewhere, forge documents, build improved electronic gadgets in your garage that’ll outwit the gadgets used by the authorities.”—Philip K. Dick

Emboldened by the citizenry’s inattention and willingness to tolerate its abuses, the government has weaponized one national crisis after another in order to expands its powers.

The war on terror, the war on drugs, the war on illegal immigration, asset forfeiture schemes, road safety schemes, school safety schemes, eminent domain: all of these programs started out as legitimate responses to pressing concerns and have since become weapons of compliance and control in the police state’s hands.

Webmaster's Commentary: 

Much of what happens in China's future, depends on its military; how loyal it will continue to be to a centralized government, which continues to abuse its people and act with an incredible degree of hubris, , or develop a new-found loyalty to the Chinese people themselves, suffering under the boot-heel of oppression.; and right now, that issue is up for grabs.

Mar 05 06:32

DID COVID-19 JUST POP ALL THE GLOBAL FINANCIAL BUBBLES?

SOURCE: CHARLES HUGH SMITH
Once confidence and certainty are lost, the willingness to expand debt and leverage collapses.

Even though the first-order effects of the Covid-19 pandemic are still impossible to predict, it’s already possible to ask: did the pandemic pop all the global financial bubbles? The reason we can ask this question is the entire bull mania of the 21st century has been based on a permanently high rate of expansion of leverage and debt.

The lesson of the 2008-09 Global Financial meltdown was clear: any decline in the rate of debt/leverage expansion is enough to threaten financial bubbles, and any absolute decline in debt and leverage will unleash a cascade that collapses all the speculative bubbles in stocks, real estate, collectibles, etc.

Mar 05 06:30

Apple Issues Warning Over iPhone Replacement Shortage

Apple has warned their retail employees that there may be a shortage of replacement iPhones, in yet another example of a supply chain affected by the coronavirus.

Mar 05 06:29

Globalization And Our Precarious Medical Supply Chains

The grave risks and dangers in the process of worldwide out-sourcing and so-called globalization of the past 30 years or so are becoming starkly clear as the ongoing health emergency across China threatens vital world supply chains from China to the rest of the world. While much attention is focused on the risks to smartphone components or auto manufacture via supplies of key parts from China or to the breakdown of oil deliveries in the last weeks, there is a danger that will soon become alarmingly clear in terms of global health care system.

Mar 04 23:05

Coronavirus: High Recovery Rates in China. Most Recent Figures

Western media hype: Fear and panic, disruption of the global economy, that makes the headlines.

But not a word is mentioned that the COVID-19 in China is under control, people are being treated in hospitals and they are recovering.

On February 28, China reported 36,157 out of a total of 78,961 reported cases as having recovered.

China has reported (March 1st) a 52.1 percent recovery rate, which signifies that more than half of the patients (confirmed cases) have been discharged from the hospitals. And the Chinese hospitals (which are very strict) will not release them if they are still infected or could transmit the COVID-19 coronavirus.

What this means is that the number of “reported infected cases” in China (80 304) (WHO data, March 3, 2020) has fallen to less than 40,000. But that does not make the headlines.

Mar 04 23:01

China’s Coronavirus: A Shocking Update. Did The Virus Originate in the US?

The Western media quickly took the stage and laid out the official narrative for the outbreak of the new coronavirus which appeared to have begun in China, claiming it to have originated with animals at a wet market in Wuhan.

In fact the origin was for a long time unknown but it appears likely now, according to Chinese and Japanese reports, that the virus originated elsewhere, from multiple locations, but began to spread widely only after being introduced to the market.

More to the point, it appears that the virus did not originate in China and, according to reports in Japanese and other media, may have originated in the US.

Chinese Researchers Conclude the Virus Originated Outside of China

Mar 04 21:17

Joe Biden Is Coming for Your Legal Weed

No one person created America's war on drugs. No individual is responsible for the accompanying manufactured crises of mass incarceration and impoverishment of working class communities of color. But in the same shamed strata as Richard Nixon and Nancy Reagan, in the view of many, you can find Joe Biden, the wobbly 2020 frontrunner and former vice president.

In his 40 years in the Senate, as is now well known, Biden was a key architect of harsh criminal penalties for nonviolent drug users.

Mar 04 16:14

The 3 Hottest Inverse Energy ETFs

Mar 04 13:17

WHO Urges People To Go Cashless Because “Dirty Banknotes Can Spread The Virus”

Are you people starting to figure this out yet? Can you see where this is going?

By Tyler Durden

It looks like the Chinese started something…

Following reports that Beijing had “quarantined” dirty cash, the WHO warned on Monday that the virus could survive on banknotes, potentially spreading Covid-19 within communities, and across the world. To reduce the risk of being infected by money, the NGO advised citizens in countries struggling with outbreaks to favor digital payments when possible, the Daily Telegraph reported.

That the WHO is telling the public to avoid cash is hardly a surprise: research has found that coronaviruses have been found to live on surfaces for as long as 9 days.

Mar 04 11:31

How to Fake a Pandemic for a World Wide Police State

Many aren't old enough to remember, but in the Swine Flu panic in (1976), the US Congress approved the money to vaccinate every person in the US. After they had inoculated about 25% of the population, and more people had died from the vaccine than did the Swine Flu, they discontinued the program. By the way, ONE person in the US died from the Swine Flu, THIRTEEN were hospitalized, and an estimated THIRTY-TWO died from the vaccine. "Never let a good crisis go to waste." - Rahm Emanuel Thanks Max!

Mar 04 11:25

Covid19, 5G and the Digitalized "V"irus

Every few years they pull this crap and people fall for it over and over.SARS,MERS,Avian Flu ect.

Mar 04 10:43

Gene Genovese And Our Criminally Reckless Wars

Eugene Genovese (1930-2012) was an accomplished and influential historian of the United States whose professional and personal trajectory carried him from the radical Left to a distinctive form of conservatism. As a young man, he was a card-carrying communist. He ended up a devout Roman Catholic. His contributions to scholarship were legion and his impact on our understanding of slavery and on Southern slaveholders massive.

Genovese did not place a premium on getting along with others. Instinctively combative, he was a cantankerous colleague who never hesitated to say what he believed. Giving offense he considered a plus.

Webmaster's Commentary: 

Genovese was right on both counts here; there is no "moral rightness" in the US invasion and occupation of Afghanistan; Iraq; any of the invasions of Africa; or Syria; this was all about money and resources; regime changing countries in order to expropriate natural resources to which the US had utterly no moral right; have them processed by multi-national centric companies not unfavorable to the US; and only sold in US dollars.

And please remember; the US is aiding and abetting Saudi war crimes in Yemen as I type this. And just in case you are dealing with a really bad case of SMD (selective memory disorder), let these images remind you of US complicity in Saudi war crimes (warning; these are graphic, to a "lose your lunch" point, but need to be posted, and seen.)

The Saudis are killing and maiming innocent children with their bombing runs.
The US military is providing "guidance" for these strikes.

images: Yemeni children killed and maimed through Saudi bombing strikes
Yemeni children killed or maimed for life from Saudi bombings
Yemeni children are being starved to death through malnutrition, because of US-Enabled, Saudi blockades of Yemeni ports:

Images: Yemeni children dying from malnutrition, due to Saudi port blockades in Yemen

Images:
Yemeni children dying of starvation, courtesy of US-enabled blockade of its ports

Saudi coalition using depleted uranium weapons in Yemen
Deformities in Yemen suggests that the US military has supplied the Saudi military with depleted uranium weapons.

The result of this use of DU is causing massive rises in cancer rates; stillbirths, and horrific deformities of Yemeni children:

And yet, apparently, the Royal House of Saud; the Saudi government; and the US government, are perfectly comfortable with poisoning Yemeni children in the womb, and destroying not only their lives, but their families' lives as well. If there is a more cruel form of child abuse, I cannot imagine what that is.

And please DON'T start with me about "collateral damage"; in my world, there is none. Just non-combatants caught up at the wrong place, in the wrong time.

Mar 04 09:44

Is The Fed Ready For A Recession?

Mar 04 08:57

Pakistan court gives green light to women's march - with conditions

A Pakistani court on Tuesday gave the go-ahead to the country’s largest women’s rights event but told organisers to ensure participants adhere to “decency and moral values”.

The country-wide event, known as Aurat March, using the Urdu word for women, has been attended by tens of thousands over the last two years to mark International Women’s Day on March 8.

A court in Lahore was petitioned last month to place restrictions on the organisers and participants of the march, whom the complainant said had an agenda to “spread anarchy, vulgarity, blasphemy and hatred” against Islam.

The court told organisers to consult local officials to finalise arrangements for the event, which campaigns for reclaiming space for women as well as the LGBT community.

Global watchdogs have expressed concern in recent years over what they see as a growing clampdown on rights campaigns in Pakistan.

Webmaster's Commentary: 

The organisers have to see these threats coming, and do their best to counter them, as peacefully and responsibly as is humanly possible. MARCHERS, PLEASE HAVE THE HORSE-SENSE TO PROTECT EACH OTHER HERE!!

As these documented stories go, the level of violence against Pakistani women, is horrific. From Wikipedia, we have the following statistics:

"According to a study carried out in 2009 by Human Rights Watch, it is estimated that between 20 and 30 percent of women in Pakistan have suffered some form of abuse. An estimated 5000 women are killed per year from domestic violence, with thousands of others maimed or disabled."

Violence against Women on the rise in Pakistan

Pakistan to open more than 1,000 new courts to fight violence against women

Addressing violence against women in Pakistan: time to act now

Violence Against Women: The High Price of Women's Honor in Pakistan

As you can see, from the postmark on the last article, this problem goes back a long way.

This is one of the many reasons you would NEVER find me in Islamabad; as an "uppity gal" who peacefully and logically speaks her mind, and as a Christian, I would probably get both assassinated and dismembered in this country, before I got home, most probably arriving back in pieces, as did Adnan Kashoggi.

Mar 04 08:39

Russia says Turkey trying to push 130,000 refugees from Syria into Greece - Interfax

Russia on Tuesday said that Turkey was trying to push 130,000 refugees from Syria into Greece, the Interfax news agency cited the Defence Ministry as saying.

The two thirds of these refugees - that Turkey is pushing from temporary camps in Syria - are Afghans, Iraqis and Africans, not Syrians, it added.

Webmaster's Commentary: 

What Turkey is attempting to do here, is "weaponize" refugees by having them pour into Europe, as "blackmail" for NATO not supporting Turkish military misadventures in Syria; and NATO wants no part of a fight against Russia for Syrian territory.

Mar 04 08:16

Assad Joins Forces With Libya’s Hafter to Combat Turkey: East Libya govt will open embassy in Damascus

While recent generations have shown them reluctant to expand far beyond their borders, in the past few months Turkey has shown interest in overseas military engagements. Forces have been active in northern Syria with an eye toward regime change, and Turkey has also committed to military involvement in Libya.

That’s given Turkey two potential enemies to worry about, and given them each a potential new ally. The Syrian government and Libya’s self-proclaimed Libyan National Army (LNA) or Gen. Khalifa Haftar have agreed to cooperation, and a memorandum of understanding to confront Turkish aggression.

The LNA’s adjoining government, the eastern-based Tobruk Parliament, has confirmed it will be opening an embassy in Damascus. This will be the first Libyan embassy in Syria since the 2012 NATO-imposed regime change in Libya.

Webmaster's Commentary: 

This is one of the most significant developments regarding Libya, that you will almost never hear about, courtesy of the Corporate Presstitutes.

A very very curious, but astute, article appeared in mid-January of this year,from fp, and titled: Russia’s Role in the Libyan Civil War Gives It Leverage Over Europe

It then states that "recent joint Russian-Turkish summit in Moscow aimed at forging a cease-fire in Libya broke down after the Libyan warlord Khalifa Haftar left without signing the proposed truce agreement. One of Haftar’s main backers is Russia, and his unwillingness to sign on to the deal raises important questions about not only the degree of influence Russia actually has in Libya, but also how serious it is about bringing an end to the conflict.

Russia first rose to prominence in Libya in September 2019 after it deployed mercenaries to the front lines of Tripoli to back Haftar, sparking concern in the United States and Europe that the Kremlin had finally thrown its hat into Libya’s civil war. Its presence in Libya was strikingly reminiscent of the decisive role it played in Syria, where it backed the regime of President Bashar al-Assad to brutal effect and essentially saved the regime from collapse."

but if Syria (and Russia) are bringing force to bear against the current UN/proxy military government in Tripoli, which Erdogan is claiming he is fighting to defend, we have a couple of potential outcomes, both lousy, for US involvement here.

The first is a triumphant Haftar, after taking Tripoli, and the rest of the country, calling for new elections, and throwing the delegitimized UN government out, and the question has to be asked; what is the US government actually willing to do to prevent this, in light of the fact that Russia is siding with Haftar?!?

The second is a prolonged US/NATO-led military against Haftar and the Russians, which could well turn Libya into another US Vietnam, with the same ultimate outcome as this war had.

And what concerns me, is that those in the Bowels of Power in this country appear to be sleepwalking into this trap, just as blissfully as did the US government in World War I.

One of the most brilliant films about war ever to have been made, is the 2nd Robert Downey Jr./Jude Law film about Sherlock Holmes; the title is "A Game of Shadows", and if you have not seen it, I urge you to do so, because it talks in very plain language, about just how regional wars like this get fanned, until they become world wars; this is the potential impact of Al Assad throwing his geopolitical fortunes with Russia, in supporting Haftar in Libya.

Mar 04 07:55

Gold Surges 3% After U.S. Fed’s First Emergency Rate Cut Since 2008

Gold surged 3% yesterday and has consolidated on those gains today; it was gold’s largest daily gain since June 2016 as the Fed delivered a surprise emergency rate cut, the first since the 2008 crisis

? Gold has gained over 8.2% in dollars and by more in other currencies so far in 2020 and along with U.S. Treasuries, it is a one of the best performing assets in 2020 as stock markets globally fall sharply (see 2020 Asset Performance table)

Mar 04 07:48

FRANK CURZIO: THE CORONAVIRUS’ IMPACT ON MARKETS IS “ABOUT TO GO FROM BAD TO WORSE”

Frank Curzio, the host of the Wall Street Unplugged podcast, joined SGT Report to discuss the worst week ever for United States stock markets. Curzio also discusses what lies ahead, which is likely to be more economic and stock market carnage as COVID-19 spreads around the globe.

This viral outbreak and the impact on the markets around the world is about to go from bad to worse. It’s already been a crazy rollercoaster ride for the markets and the Federal Reserve will continue to manipulate what’s seen by the masses to avoid a recession. The stock market is falling faster, in point terms, than we have historically seen.

Mar 04 07:45

Schiff: We're On The Precipice Of A Much Larger Crisis

On Sunday, March, 1, Peter Schiff appeared on Fox News to discuss the market and economic turbulence surrounding coronavirus. Peter said the coronavirus isn’t the real problem. It’s the Fed. Everything the central bank has done since 2008 has only made things worse and set us up for an even bigger crisis.

Peter opened up the interview saying that even with the big declines through the previous week, the US stock market is still significantly overvalued.

Mar 04 07:44

Erdogan’s Dance of Death With NATO

Although the evidence is murky, it appears that both Russian and Syrian jet fighters took part in the Feb. 27 attack on a Turkish mechanized infantry battalion consisting of roughly 400 soldiers. According to an account in Al-Monitor, two Syrian Sukhoi SU-22 pounded the convoy, forcing the troops to take cover. But then a pair of Russian Sukhoi SU-34s dropped advanced laser-guided bunker-buster bombs on two roadside buildings where Turkish forces had taken shelter, burying them in the rubble.

Webmaster's Commentary: 

And the US government has responded accordingly, according to an article in msn.com, datelined today:U.S. promises Turkey ammunition for Syria's Idlib battle

The article goes on to state:

U.S. promises Turkey ammunition for Syria's Idlib battle

The United States is willing to give NATO ally Turkey ammunition alongside humanitarian assistance in northwestern Syria where Ankara is in a deepening standoff with Russia, the U.S. special representative for the region said on Tuesday. Lucy Fielder reports."

As I have mentioned on this site many times before, just because something is the most ham-fistedly, pig-headedly stupid thing the US government can do, is no guarantee that it will not do it; I am very concerned that President Trump may well rue the day he and his Cabinet decided that this was the "right way" of handling Erdogan's "military misadventures" in Syria.

Mar 04 07:19

ACLU SUES TO END ICE’S RIGGED ALGORITHM FOR DETAINING IMMIGRANTS

SOURCE: THE INTERCEPT
IN 2013, U.S. Immigration and Customs Enforcement quietly began using a software tool to recommend whether people arrested over immigration violations should be let go after 48 hours or detained. The software’s algorithm supposedly pored over a variety of risk factors before outputting a decision.

A new lawsuit, however, filed by the New York Civil Liberties Union and Bronx Defenders, alleges that the algorithm doesn’t really make a decision, at least not one that can result in a detainee being released. Instead, the groups said, it’s an unconstitutional cudgel that’s been rigged to detain virtually everyone ICE’s New York Field Office brings in, even when the government itself believes they present a minimal threat to public safety.

“The federal government’s sweeping detention dragnet means that people who pose no flight or safety risk are being jailed as a matter of course — in an unlawful trend that is getting worse.”

Webmaster's Commentary: 

I have a question here; are these detainees here illegally, or legally?!?

IF, in fact, they are here illegally, are they already not breaking the law?!?

And IF, in fact, these detainees are here illegally, what is New York's ACLU ready to do, in terms of paying for unfunded mandates, required by the City of New York, in order to feed, clothe, and house these people, to say nothing of educating their kids, many of whom speak absolutely zero English?!?

Now please don't get me wrong; I love that Emma Lazarus poem, beginning with the words, "Give me your tired, your poor; your huddled masses yearning to breathe free;" but folks, that was written in 1883, and just... a little has changed in this country since then, including a desperate need for skilled labor, which our schools seem pathologically incapable of turning out.

It is completely reasonable, at this point in the 21st century, for the US government to demand that those who immigrate to this country, have skills; speak a standard English; and not be a financial burden on this country, much as does the Australian immigration system, which gives good people with skills a shot at the "brass ring" of Australian citizenship.

Why should we not insist on inviting "the best of the best" immigrants to become US citizens?!?

I see absolutely zero reason why we should not.

And if you can think of any, please let me know!! :-)

Mar 04 07:02

  YOU'LL NEVER GUESS HOW BIG BANKS WANT THE FED TO HANDLE THE CORONAVIRUS: MORE WALL STREET DEREGULATION!! "SURELY, THE BIG BANKS AREN'T CRAVEN ENOUGH TO USE COVID-19 AS AN EXCUSE TO LOBBY FOR LONG-SOUGHT REGULATORY ROLLBACKS, RIGHT? WRONG!"

The Bank Policy Institute, a lobbying group for big banks, drew criticism for a policy memo suggesting financial deregulation as a response to the coronavirus outbreak. (Photo: Phillipp/Flickr/cc)

A lobbying group for big banks in the United States came under fire Tuesday from financial industry experts for pressuring federal officials to push through long-sought regulatory rollbacks in response to the worldwide economic concerns sparked by the global coronavirus outbreak.

On Sunday, Bank Policy Institute (BPI) chief executive Greg Baer, head of research Francisco Covas, and chief economist Bill Nelson published a post on the group's website entitled "Actions the Fed Could Take in Response to COVID-19." The BPI is a lobbying group whose members include Bank of America, Citigroup JPMorgan Chase, and Wells Fargo.

Webmaster's Commentary: 

Those people, pushing for this, in terms of attempting to blame Covid-19 for the economic downturn, and want government regulators to "fix" it, by loosening restrictions on banking practices, are being disingenuous in the extreme.

And we have a companion piece, also from blacklistednews.com, with the following headline and commentary: FED: CORONAVIRUS EMERGENCY RATE CUT, 50 BASIS POINTS

The article goes on to state: "The Federal Reserve cut interest rates by 50 basis points in an impromptu meeting on Tuesday as a response to the coronavirus.

The Fed said the “fundamentals of the U.S. economy remain strong” but that the coronavirus “poses evolving risks to economic activity.” The cut, which amounts to a half percentage point, lowered the current target range to between 1% and 1.25%."

Mar 04 05:41

'Extreme' Political Viewpoints (That Really Aren't)

For the past 5 years, there's been a lot of argument over progressive policy proposals in the U.S. If you've decided that "progressive" is some kind of dirty word, you've likely responded with a "Who's gonna pay for it?" However, when you dig into some of these policies and how they're implemented in the rest of the world, you find that they're a lot more achievable than many pundits make them out to be.

Mar 04 00:00

Pressure mounts on RBNZ after US Fed cuts rates by half pct

The New Zealand dollar rallied after the US Federal Reserve - in an emergency measure not used since the Global Financial Crisis - cut its fed funds rate by half a percentage point in response to the threat posed by the coronavirus outbreak.

Fed funds rate now sits in a 1.0 to 1.25 per cent range.

By 7.30 am, the Kiwi was trading at just under US63c, up from US62.75c just before the Fed's announcement, after initially firming to US63.25c on the back of US dollar weakness.

The Fed's move, which followed a cut yesterday from the Reserve Bank of Australia, puts more pressure on the Reserve Bank of New Zealand to cut its rate, which currently stands at 1.0 per cent.

Mar 03 19:41

Crews clean, disinfect Tacoma Dome ahead of WIAA high school basketball tournament

Something wrong with this picture.

By: Kevin McCarty
Updated: March 3, 2020 - 4:08 PM

TACOMA, Wash. — Crews are getting the seats and the basketball courts ready inside the Tacoma Dome for the annual Washington Interscholastic Athletic Association high school basketball tournament. And this year they're doing things a bit differently. Carefully wiping down handrails and surfaces that people touch repeatedly during the four days of games. Steps to help stem possible spread of COVID-19, the coronavirus.

“We’re making sure that cleaning crews are going through more than regularly during the event,” said Tacoma Venues and Events Director Kim Bedier.

The yearly tournament has drawn crowds as large as 35,000........

Mar 03 12:38

Iran steps up coronavirus efforts as 23 MPs said to be infected: Plans to mobilise 300,000 soldiers and volunteers as number of cases passes 2,000

Iran has announced plans to mobilise 300,000 soldiers and volunteers against the deadliest outbreak of the coronavirus outside China, as state television quoted an MP as saying 23 members of parliament were infected.

On Tuesday, Ayatollah Ali Khamenei, the country’s supreme leader, ordered the country’s armed forces to assist health officials in combating the outbreak.

“Whatever helps public health and prevents the spread of the disease is good and what helps to spread it is sin,” Khamenei said, as the deputy health minister, Alireza Raeisi, reported more infections and a death toll of 77.

Webmaster's Commentary: 

I need to ask some painfully honest questions here; the populations hit the hardest by this pandemic, China, and Iran, are very prominent members of the US government and military's "regime change" targets.

Is it at all possible, that the Coronavirus was of US origin, and smuggled into China and Iran as "viral/biological WMDS" to attempt to make "regime change" in these two intractable nations become achieved more easily than it would have been through other methods, like massive wars against them?!?

And before people scream at me that the US government and military would "never do this", I would like to politely remind them that there were a wealth of diseases weaponized for World War II, and in its aftermath:

The United States biological weapons program began in 1943. It was replaced by the United States biological defense program.

Folks, the US government and military have been doing this for over 77 years; they have a lot of experience with this kind of work, and right now, I cannot bet against this possibility.

Mar 03 12:02

Lawmaker Condemns ‘Unacceptable’ CDC Decision to Stop Disclosing Number of Coronavirus Tests

A Democratic congressman has condemned the Centers for Disease Control and Prevention for its “inexplicable” decision to stop publicly disclosing the number of Americans who have been tested for the novel coronavirus. Since the outbreak arrived in the U.S., the CDC has posted stats on its website which showed how many confirmed cases there were, the total number of U.S. deaths, and how many people had been tested for the disease.

But Rep. Mark Pocan (D-Wis.) noted Monday that the site no longer discloses the number of tests or the number of deaths. In an angry letter to CDC director Robert Redfield, Pocan wrote: “Americans are dying... We deserve to know how many people have been tested for, or who have died from, COVID-19.” Pocan added that “knowing that CDC testing is keeping pace with the likely number of cases is imperative to maintaining public trust.”

Webmaster's Commentary: 

Pocan is absolutely correct in his assessment here; what the CDC is doing, is not sitting well with most Americans, who want, desperately, to know that their chief national health entity is doing everything they can to both document the situation with existing cases, but is also helping to control this pandemic in the future, through extensive testing.

Mar 03 11:47

Dems Converge Around Dementia-Addled Warmonger Ahead Of Super Tuesday. The only problem? Biden’s brain is turning into sauerkraut....

Authored by Caitlin Johnstone via Medium.com,

Back in January, well before the Democratic primary race had taken on its current composition, independent journalist Ruth Ann Oskolkoff reported that a source had heard from high-level Democratic Party insiders that they were planning to install Joe Biden as the party’s nominee, and to smear Bernie Sanders as a Russian asset.

“On January 20, 2020 at 8:20 p.m. PDT I received a communication from a reliable source,” Oskolkoff wrote.

“This person had interactions earlier that evening with high level party members and associates of the Democratic National Committee (DNC) who said that they have now selected Biden as the Democratic Party nominee, with Warren as the VP. They also said the plan is to smear Bernie as a Russian asset.”

Webmaster's Commentary: 

More geopolitical sound and fury, signifying... not one whole hell of a lot.

Biden is the Deep State/Warmonger's "wet dream" as a candidate, because even in the throes of his lack of mental acuity, as has been seen over and over in this gaffe-centric campaign, his "vision" is always comfortably aligned with that of his war-centric masters; more endless wars will be the order of the day, capped, ultimately, by a US return to the draft, when the "volunteer soldier concept"" cannot cut it anymore, between quality and quantity of those ultimately recruited for our military.

Mar 03 11:24

California Homeowner Threatened by Police After Calling Them to Report Homeless People Living in His Yard

I don't think armed revolution is very far off.

What isn’t well know is that the homeless problem is bringing out a push against private property rights in places like California, Ohio and Oregon.

First let’s watch the video from California:

Mar 03 11:01

The Real Contagion is Fear

Why is the Illuminati media stoking fears of a global pandemic and financial meltdown? The purpose may be to reduce us to our most primitive survival instincts. From the threat of nuclear war in the 1960's to routine pandemic scares today, fear is a weapon of social & spiritual control.

The psychological equation is: if there is fear, then the virus must be dangerous. But this is actually like saying: if a man walking on a street at night believes a mugger is about to parachute out of the sky, the sky-mugger must be real.

Mar 03 10:57

Damn! Will the Zombie Virus Apocalypse never come? Mar 2

I write this piece for those who ordinarily have their heads on straight, when it comes to understanding the basics of HEALTH—but now, because of the “coronavirus epidemic,” are drifting back into the medical model: FIXATION ON GERMS.

A correct reading of suppressed medical history reveals that the hypothesis of “one disease, one germ” is a modern con, moving down a blind alley at midnight. And when you add “one vaccine” to the formula, you get an even greater degree of lunacy.

But you also get a trillion-dollar commercial success.

Mar 03 10:48

Erdogan Using Humans as ‘Weapon’ Against EU, Austria’s Kurz Says

Austrian Chancellor Sebastian Kurz accused Turkish President Recep Tayyip Erdogan of using migrants who are amassed on the Greek border as a “weapon” against the European Union.

“This rush is not an accident, it’s organized,” Kurz told journalists in Vienna. “Those people are used by Erdogan as a playball, as a weapon, to apply pressure on the European Union.”

The European Union must stand united behind Greece, and protect the borders as well as provide humanitarian help, Kurz said.

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