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ECONOMY

Apr 12 10:25

Michael Hudson: A Debt Jubilee is the Only Way to Avoid a Depression

It's onerous debt, based on Usury(Fraud) called fractional reserve banking.

Even before the novel coronavirus appeared, many American families were falling behind on student loans, auto loans, credit cards and other payments. America’s debt overhead was pricing its labor and industry out of world markets. A debt crisis was inevitable eventually, but covid-19 has made it immediate.

Massive social distancing, with its accompanying job losses, stock dives and huge bailouts to corporations, raises the threat of a depression. But it doesn’t have to be this way. History offers us another alternative in such situations: a debt jubilee.

Apr 12 10:19

FLASHBACK: Debt Forgiveness Would Revive the Economy

James Rickards is a hedge fund manager in New York City and the author ofCurrency Wars: The Making of the Next Global Crisis from Portfolio/Penguin. Follow him on Twitter: @JamesGRickards

It's time for a candid dialogue on one of the most fraught subjects in U.S. economics—debt forgiveness. The country is awash in unpayable debt that acts like an anchor on growth. If creditors insist on repayment in full and if policymakers continue to support creditor demands at taxpayer expense, the current liquidity trap will accelerate its downward spiral. Notions such as "the sanctity of contract" and the "moral obligation" to repay debt are all well and good in normal economic times. Yet, the times are far from normal.

Apr 12 09:03

S&P 500: $SPX 2008 VS 2020 COMPARISON.

Apr 12 07:56

Medical Tyranny 2020

Greg Reese hits it out of the park, once again with this short video that enumerates the manifold entanglements of everyone on Trump’s COVID-19 response team with the Bill and Melinda Gates Foundation and Big Pharma.

One wonders why Trump is going along with the devastation of the economy that he’d been so proud of turning around.

Apr 12 07:41

U.S. CPI falls at fastest pace in five years

Apr 12 07:40

Meet The Companies Poised To Build The Kushner-Backed “Coronavirus Surveillance System”

The three companies behind the leading proposal to build a “national coronavirus surveillance system”, an initiative spearheaded by Jared Kushner, boast deep ties to Google, intelligence-linked venture capital firms as well as one of last year’s eerily predictive “pandemic” simulations.

Apr 12 07:37

Risk? We Don’t Need No Stinking Risk!

People aren't going to take this NWO crap. My neighbors know about the plans Gates and Fauci have for us. This NWO is not going to be successful. Too many people are now awake and angery!

And it has been in the service of arrogating the power of money creation, and by extension the power that confers to the printers, to a global oligarchy I’m fond of calling The Davos Crowd.

My last post was an open letter to these folks letting them know that no matter how much they try to scare us into accepting a world where they have total control over our lives their chances of success are limited because we can see them and what they are planning.

The response I’ve received from people to that post confirm my view on this. Few things I have written have generated the kind of passion I’ve seen from folks.

Apr 12 07:29

Makow-Don't Be So F**king Naive

The coronavirus pandemic is a media creation, fake news, the biggest psychological warfare stunt in history. They're lying.
Their modus operandi is
to destroy you while saying
it's for your own good. They are destroying society to
protect your health.

Nothing can justify the economic devastation caused by the media generated coronavirus panic. The real agenda is make everyone dependent on the government by throwing millions out of work and destroying small business. Then, force everyone to accept vaccines and a digital tattoo as the price of employment and free movement and assembly. Marginalize independent thinkers. Of course, this is all done to "protect your health."

Apr 12 07:27

Seeds Are “Non-Essential” in Michigan but Do Load Up on Those State Lottery Tickets

Michigan residents and local businesses are furious over a new rule, purportedly aimed at stopping the spread of coronavirus, which bars them from buying and selling seeds – now deemed a “non-essential” item.

Governor Gretchen Whitmer announced in a public address that “essential” businesses such as grocery stores will be restricted in what they are allowed to offer to their customers. The policy, the governor argued, is meant to limit unnecessary foot traffic in public spaces exempt from the state-wide shutdown.

“If you’re not buying food, medicine, or other essential items, you should not be going to the store,” she said. Big-box retailers such as Walmart were ordered to shutter entire sections of their stores – such as furniture, carpeting, plant nurseries, paint, and garden centers – beginning on April 10.

Apr 12 07:25

Lung deaths well BELOW average during CV crisis

The Office of National Statistics provides total weekly deaths in England and Wales. We previously looked at the 5% DROP in overall deaths since the CV scare started in mid-January. Those making the decision on the Spring Equinox to lock down Britain, would have seen these figures.
The ONS provides weekly average values using the previous five years’ data, that is how the comparison is made.
Just below these weekly figures, there are what the ONS calls “deaths where the underlying cause was respiratory disease” and let’s do exactly the same for these figures –

Apr 12 07:20

Letter to Dr. Anthony Fauci

Trump needs to fire this POS and have Barr indict him along with Gates for Treason!

Excuse me, Dr. Fauci

Shall I get my measles immunity papers also? You mean I can’t go to work or even get a job without having papers showing I have antibodies against each and every pathogenic disease or others can sue me if they believe I infected them?

And why do I need proof I developed antibodies against COVID-19 coronavirus when the seasonal flu is more harmful, that is according to what the Centers for Disease Control says. Some 36,000 deaths from influenza every flu season and supposedly only 12,000 deaths from coronavirus this year.

How about my influenza papers, and chicken pox papers, and polio papers, and tuberculosis papers given that migrants in the U.S. spread TB bacterium all over America?

Apr 11 13:17

Is This The End Of Free Markets?

Apr 11 11:28

Jim Rickards: Markets and Black Swans

Apr 11 07:57

COVID: two vital experiments that have never been done

Why not? Because they would expose this vicious farce, the criminals perpetuating it, and end the lockdowns.

by Jon Rappoport

April 10, 2020

Apr 11 07:54

Cosmic Justice: Thousands of Media Workers Responsible for Pushing the Info-Demic Are Losing Their Jobs

The news media business was shaky before the coronavirus started spreading across the country last month. Since then, the economic downturn that put nearly 17 million Americans out of work has led to pay cuts, layoffs and shutdowns at many news outlets, including weeklies like Seven Days in Burlington, Vt., and Gannett, the nation’s largest newspaper chain.

Finding a sizable audience has not been a problem for publishers. Hunger for news in a time of crisis has sent droves of readers to many publications.

But with businesses paused or closed — and no longer willing or able to pay for advertisements — a crucial part of the industry’s support system has cracked.

Apr 11 07:52

Our New Gig: Sickness Theater

The scumbags behind this mess are laughing at us.

Having been habituated to, for example, cattle chutes at airports – no more freely walking up to the gate as you like, as an individual – people are ready to be cattle chuted at grocery stores. No more just walking in and walking around.

Instead, walk where you are told.

Enter here, stand here. Do not stand too close. Do not stand there. One way in – and this way out – all under the supervision of Government’s Little Helpers. Your fellow Americans. Who are becoming indistinguishable from East Germans except they mostly don’t speak German.

Apr 11 07:48

Top Doctor EXPOSES EVERYTHING The Deep State Is Trying To Hide About CV

Dr. Shiva Ayadurai, the inventor of email and candidate for the senate in Massachusetts,

talks about the Sustainable Development Goals,

signed off by the United Nations,
called SDG-3 in 2015.
Based on the ignorance of Medical Doctors on the immune system and nutrition,
the UN planned to use the corona virus as a hidden enemy to scare the hell out of people in order to mandate vaccinations for the “common good.”
One could imagine oneself why the pandemic started in Wuhan, at a time when there were heavy protests against the pollution.

Shiva explains how politicians tend to support the big companies by regulations that don’t serve anyone but these companies and that way also supporting mandating vaccines.

Apr 11 07:45

#CivilDisobedience

Spiro
@o_rips
·
Apr 10
People are finally starting to exercise their rights & say Fuck the lockdown!
#Ohio #CivilDisobedience

Apr 11 07:38

Navigating Through The “Coronavirus-Panic”: 8 Inconvenient Facts To Consider

Warning: I’m a Contrarian.

Let’s get this out of the way right off the bat.

I’m a contrarian. It’s how my brain operates. This means I have a propensity to be fascinated by people who have views opposite from everyone else.

This trait can definitely be considered a strength in certain scenarios. For instance, it helped me become so obsessed with the idea that we might have been told a big, blatant lie about how wireless radiation is “perfectly safe” — that I spent thousands of hours researching the topic, and ended up writing an entire book about it. Now I have no doubt wireless radiation is unsafe, which is 50% comforting, and 50% depressing.

When I first heard about this entire COVID-19 situation, I was late in the game; and got caught completely off guard by how huge (that’s an understatement) the whole thing had rapidly become.

Apr 11 07:35

FOOD SHUTDOWN: Farmers Told to “QUIT FARMING”

If you can find seeds and plants you better get some along with fertilizer. I would suggest potatoes,tomatoes,peppers,onions,beans and corn. LOts of greens for minerals and vitamins They are going to use their favorite weapon.....starvation! You want to eat? You will take the chip,the Mark of The Beast!

Crops rotting in fields. Dairy farmers incentivized to quit for good. Beef/pork processors shutting down. All by design. Spread the word and make sure everyone starts growing food, no matter how small scale — every bit helps.

Apr 11 07:04

Halfway Through The EPS Estimate Cuts

Apr 11 06:36

Welcome to the Greater Depression

You’re going to be bombarded by a barrage of misinformation, misinterpretations, wishful thinking, and snake-oil economics over the next few years. It’s critical that you rationally decide exactly what is happening and why.

Apr 11 06:23

‘F-You, Main Street!’ Federal Reserve will now buy junk bonds while it bails out banks and billionaires

In less than a month 17 million Americans have applied for unemployment, while the Federal Reserve has focused on bailing out board rooms, billionaires, bankers and builders. Let them all fail.

Apr 11 04:13

$2.3 Trillion Closer To A Lost Decade

Apr 11 03:10

America’s “Food Lines” Are Being Measured In Miles As Desperation Sets In All Over The Country

In just a matter of weeks, economic desperation on a massive scale has erupted from coast to coast, and the stress that this is putting on food banks and other charities that work with the poor has been unprecedented. -- Everyone has seen photos of the “bread lines” during the Great Depression of the 1930s, but in many instances the lines of vehicles that are lining up for free food here in 2020 are even longer.

Apr 10 15:46

Will they bomb the pandemic to death? Even with the Covid-19 crisis, the US war machine ALWAYS wants more money

Despite the impact Covid-19 has had on the global economy, the US is seeking more funding to counter and confront China in the Pacific, as well as enhancing its military preparedness for scenarios involving nuclear warfare.

Apr 10 12:38

Don’t Tug On Superman’s Cape

Apr 10 12:06

Fauci: Coronavirus immunity cards for Americans are 'being discussed'

By QUINT FORGEY
04/10/2020 09:15 AM EDT

Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, revealed Friday the federal government is considering issuing Americans certificates of immunity from the coronavirus, as the Trump administration works to better identify those who have been infected and restart the U.S. economy in the coming weeks.

Apr 10 12:01

The End of Capital Markets?

Apr 10 11:45

Report: Donald Trump Pressing to Reopen U.S. by May 1

President Donald Trump wants to reopen the country by May 1, according to a report in the Washington Post.

Apr 10 11:37

Bill Gates — the Power Behind the WHO Throne — Palled Around With Epstein and Flew His Lolita Express

Jeffrey Epstein, the convicted sex offender who committed suicide in prison, managed to lure an astonishing array of rich, powerful and famous men into his orbit.

There were billionaires (Leslie Wexner and Leon Black), politicians (Bill Clinton and Bill Richardson), Nobel laureates (Murray Gell-Mann and Frank Wilczek) and even royals (Prince Andrew).

Few, though, compared in prestige and power to the world’s second-richest person, a brilliant and intensely private luminary: Bill Gates.

And unlike many others, Mr. Gates started the relationship after Mr. Epstein was convicted of sex crimes.

Apr 10 11:28

The Oxford Centre for Evidence-Based Medicine: “The Age Affected Structure Doesn’t Fit With Pandemic Theory”

"The data support the theory that the current epidemic is a late seasonal effect in the Northern Hemisphere on the back of a mild ILI season"

Apr 10 11:00

Yelp lays off 1,000 employees and furloughs 1,100 more

Yelp co-founder and CEO Jeremy Stoppelman announced in an internal email that the company is going through difficult times. Yelp has to cut expenses, which means a large round of layoffs and some additional measures — 1,000 employees have been laid off.

According to an SEC filing, Yelp had 5,950 employees as of December 31, 2019. Today’s layoffs represent a 17% staff reduction.

Apr 10 09:53

Montana physician Dr. Annie Bukacek discusses how COVID 19 death certificates are being manipulated

Dr. Bukacek is a longtime Montana physician with over 30 years' experience practicing medicine. Signing death certificates is a routine part of her job.

In this brief video, Dr. Bukacek blows the whistle on the way the CDC is instructing physicians to exaggerate COVID 19 deaths on death certificates.

Apr 10 09:30

The Housing Bust Will Take Longer This Time

Apr 10 08:44

Dr. Anthony S. Fauci running damage control for Pirbright Institute

This guy has got to go! He and Bill Gates should be indicted for this scam that has destroyed the jobs,hopes and dreams of millions of Americans.

CDC propagandist Anthony S. Fauci, MD received major funding from The Bill and Melinda Gates Foundation—who also funded the Coronavirus patent holder The Pirbright Institute (UK)

Facui just recently received $100 million grant from Gates.

Apr 10 08:39

Dr. Fauci Has a Major Conflict of Interest

Turns out Dr. Fauci is part of the Gates Foundation who is in the process of investing in and eventually profiting off of coronavirus vaccinations. Is this not a huge conflict of interests? Given his position in the vaccine business, isn't it in his best interest to avoid normalcy, avoid defeating the disease until a vaccine is ready? Do the American people deserve to know his exact involvement and how much he's being paid by Bill Gates?

In my opinion, Trump should immediately remove Dr. Fauci from his position.

Apr 10 08:33

The Invisible Hand of Capitalism

Apr 10 08:24

Boeing may slash staff by 10% amid coronavirus crisis & 737 MAX fiasco

American aviation giant Boeing could cut its more than 150,000-strong workforce by around 10 percent as the Covid-19 pandemic continues to take a toll on the global airline industry, according to the Wall Street Journal (WSJ).

Apr 10 08:20

Federal Debt Tops $24 Trillion for First Time; GAO: ‘The Current Federal Fiscal Path is Unsustainable’

The debt of the federal government topped $24 trillion for the first time on Tuesday, when it climbed from $23,917,212,663,857.59 to $24,011,523,316,653.36, according to data released by the Treasury Department. -- On Wednesday, it continued climbing, ascending to $24,111,832,049,884.90.

Apr 10 08:13

Gold Soars Along With Everything Else As Fed Ends Capital Markets As We Know Them

As we noted earlier, The Fed's actions this morning mean "free markets are dead."

Guggenheim's Scott Minerd summed up exactly what The Fed has done with its actions today:

"The Fed has made it clear that it will not tolerate prudent and responsible investing."

Bloomberg's Garfield Reynolds was quick to note, the global business environment is being transformed - we are all socialists now.

This is about more than just the failure of earnings estimates to keep up with the virus impact - investors need to disregard projections that an end to the crisis will restore the pre-outbreak status quo.

Decades of pushing government out of business are being reversed in mere weeks, with policy makers telling companies where, how and if they should operate - whether they can pay dividends, buy back stock or fire employees.

In other words, governments are almost fully taking over free markets, with the profit principle dethroned as the key business driver.

Apr 10 07:59

Doting letters, donations raise eyebrows over Dr. Fauci’s devotion to Hillary Clinton

Fauci is the one who advised Trump we shut the entire country down and throw everybody out of work. Turns out he is a Hillary Clinton Minion! Time for him to go......to Prison!

Apr 10 05:50

Secret recording reveals Bank of America exec berating traders who planned to work from home during coronavirus pandemic and even threatening their jobs

Leaked audio has revealed a Bank of America executive berating traders who planned to work from home during the coronavirus pandemic, in shocking remarks that have been criticized as 'cold-blooded'.

In the March 25 conference call, Bank of America's Global Head of Equities, Fabrizio Gallo, told the bank's top equity and equity derivatives traders that long-term remote work would not be an option.

Apr 10 05:35

The Pentagon’s supply chain faces an economy under siege

On the morning of April 2, companies up and down the Pentagon’s supply chain got an email from Eaton Aerospace, a mid-tier supplier that provides parts such as fuel pumps and hydraulics to defense primes for aircraft like the KC-46 tanker and F-35 Joint Strike Fighter.

“The truly unprecedented situation with [the coronavirus] COVID-19 is jointly affecting our business, families and communities we live in,” said one such email, which was obtained by Defense News. “While the health and safety of our employees and those of our supply partners remains paramount, our industry is significantly impacted. … As a result, our Eaton Grand Rapids, [Michigan], plant will [be] closed starting April 4, 2020 and will reopen on April 13, 2020."

Similar emails for other locations followed.

Apr 10 05:30

The "Rug Pull" is coming....

Apr 10 05:25

"We Can't Give Our Product Away" - Farmers Toss Thousands Of Acres Of Fruits, Veggies As Sales Plummet

As some misguided liberals complain about fruits "left rotting on the trees" because Trump's immigration crackdown has left no undocumented migrants to pick the vegetables (a demonstrably false assumption), the Associated Press has offered an explanation for this phenomenon that also illustrates how disruptions in the businesses like the hospitality and food-service industry work their way through the supply chain, ultimately sticking farmers in the American Farm Belt with fields of vegetables that they can't sell, or even donate as local food pantries are now full-up with donations from restaurants.

The AP started its story in Palmetto, Fla. a city in Manatee County on the Gulf Coast, where a farmer had dumped piles of zucchini and other fresh vegetables to rot.

Apr 10 05:24

The Day The Fed Nationalized The Bond Market: The Complete Summary Of Everything The Fed Did Today

Two weeks after the Fed stunned markets by doing something not even Ben Bernanke dared to do, start buying investment grade corporate bonds, today the Fed's nationalization of the entire bond market was complete when the Fed - with the blessing of the Treasury - threw the kitchen sink at the most vulnerable verticals of the bond market - junk bonds, munis and CLOs and... waved it in. And with that the only thing missing from the Fed's total takeover of capital markets is equities, which the Fed will start buying after the next crash.

Apr 10 05:23

The Elites Are Already Prepared For The Coming Collapse Of The Dollar Bubble

Today, stock market investors are hoping desperately for Weimar-style hyperinflation to boost equities prices to dizzying heights in what some call a “crack-up boom”. In terms of money creation, we are not there yet, but such levels of fiat printing could happen within the next year. Unfortunately for investors, this “boom” in stocks may not happen again. In fact, it already happened over the course of the past several years, and now the party is over.

In the past few months, the U.S. dollar has entered a massive liquidity crisis, and despite all expectations, the Fed’s attempts to compensate with stimulus measures have done little to boost markets back to their previous glory.

Apr 10 05:22

Insanity: As The US Enters A Depression, Stocks Are Now The Most Overvalued Ever

Two days ago, when a platoon of clueless CNBC hacks said that stocks were extremely undervalued, and must be bought (on their fundamentals, not because the Fed was about to nationalize the entire bond market and is set to start buying equity ETFs in the next crash), we showed just how "undervalued" the market was.

That's when Credit Suisse chief equity strategist Jonathan Golub - usually one of the most bullish Wall Streeters - published a chart showing that any "temporary" cheapness in stocks hit in late March was long gone for the simple reason that forward earnings have plunged. As a result, as of noon on March 7, when the S&P 500 had risen as much as 22% from March 23 lows, forward stock multiples had surged right back 19.0x.

Why is this notable? Because as Golub wrote, "this is the same level the S&P500 held on Feb 19, the all-time high."

In other words, at the start of the week stocks were valued the same as they were at the February all time highs.

Apr 10 05:21

Mexico Folds, Agrees To Join OPEC+ Output Cut After Dramatic Objection

Well, that didn't take long. Less than an hour after news of its objection to the OPEC+ production cut hit, with Mexico even threatening to quit OPEC and become an observer, the OPEC member state has folded and has agreed to join the flock.

Apr 10 05:20

Oil Turns Negative After Russia, Saudis Agree To Cap Output At 8.5MM B/D For 2 Months

What started off euphorically, has quickly become R-OPEC's latest dud, with oil now sliding red on the day after earlier surging more than 10%, following the latest news out of the oil producerteleconference, according to which Russia and Saudi Arabia agree to cap production to 8.5MM b/d, indicating a production cut of about 23% each, and which will last for just two months, May and June.

Furthermore, as Iran's oil minister explains, the total cut of 10MMb/d (which will include several non Russia/Saudi producers) will ease to 8MMb/d in July and then after Jan 2021, the cut will decline to just 6 million b/d production cut.

In a nutshell, R-OPEC is hoping for two things: i) oil demand will rebound after the summer and the oil market will stabilize organically as the global economy recovers from the coronavirus and ii) the US and other G20/non-OPEC producers join the cuts voluntarily, which however is far from assured.

Apr 10 04:46

‘Heal Italy’: Conte’s govt wins Senate confidence vote on decree to help virus-hit economy

The Italian government won a confidence vote in the Senate on Thursday over an emergency decree that lays out measures worth €25 billion ($28 billion) to support an economy battered by a severe Covid-19 outbreak.

The ‘Heal Italy’ package, presented by Prime Minister Giuseppe Conte on March 16, suspends loan and mortgage repayments for hard-hit companies and families via state guarantees for banks. It also increases funds to help firms pay workers temporarily laid off as a result of a lockdown imposed by the government to try to curb the spread the coronavirus.

Italy’s ruling coalition, dominated by the anti-establishment 5-Star Movement and the center-left Democratic Party, won the Senate motion by 142 votes to 99.

Apr 10 04:43

Trump Mulling Tariffs, New Anti-Russian Sanctions Amid Oil Glut

Oil prices collapsed to levels unsustainable for American shale producers last month after OPEC+ failed to reach an agreement on production cuts amid the drop in global economic activity due to the new coronavirus.

The White House is mulling new tariffs on oil imports, or slapping Russia with new sanctions to try to stop the pain the US shale industry is going through amid tanking crude prices, The Wall Street Journal has reported, citing persons said to be familiar with the plans.

According to the newspaper, President Trump has discussed Washington’s possible actions with leaders of US energy firms, as well as House and Senate lawmakers, expressing a willingness to increase tariffs to try to “force” Russia and Saudi Arabia to cut their output.

Apr 10 04:26

‘Challenge to Existence of Europe’: EU Pressures Netherlands to Unblock Coronavirus Response Deal

As the EU bloc is readying measures to aid governments, companies and individuals survive the deep recession that the coronavirus pandemic is anticipated to trigger in Europe, talks between the 19 finance ministers of the eurozone on a coronavirus economic rescue plan failed Wednesday amid splits over conditions on financial aid.

European Union governments were turning up the heat on the Netherlands on Thursday ahead of a meeting of finance ministers of the bloc to discuss an economic support package worth some half-a-trillion euros to fight the COVID-19 pandemic, reported Reuters.

A 16-hour video conference between the 19 finance ministers of the eurozone on a coronavirus economic rescue plan worth around €540bn (£476bn) fell through last Wednesday and had to be suspended until this Thursday amid a tough stance adopted by the Netherlands and differences over conditions that should be attached to credit issued by the eurozone bailout fund, the European Stability Mechanism.

Apr 10 04:12

Our Leaders and Chief Medical Officers are Liars and Traitors - thecrowhouse


"The illusion of freedom will continue for as long as it's profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they will take down the scenery, move the tables and chairs out of the way, then they will pull back the curtains and you will see the brick wall at the back of the theater." - Frank Zappa

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