ECONOMY | WHAT REALLY HAPPENED X-Frame-Options: DENY X-Frame-Options: SAMEORIGIN

ECONOMY

Apr 01 09:03

Moody's global default outlook

Apr 01 08:19

Thousands of tenants across the US threaten to go on 'rent strike' and say they will not pay landlords during the coronavirus pandemic as millions are left out of work

With millions of people suddenly out of work and rent due at the first of the month, some tenants are vowing to go on a rent strike until the coronavirus pandemic subsides.

On Wednesday, $81 billion in commercial and residential rent will come due across the U.S., and nobody is certain how many tenants will be unable, or simply unwilling, to pay.

New York, Boston, Los Angeles, San Francisco and St. Louis are among many cities that have temporarily banned evictions, but advocates for the strike are demanding that rent payments be waived, not delayed, for those in need during the crisis.

Apr 01 07:39

High Level Child Rapists Released from Prison Amid COVID-19 Outbreak

Greece, NY — Over the past two weeks, non-violent inmates have been released from prisons across the country in an attempt to prevent massive outbreaks behind bars. Some law enforcement officials have raised concerns over releasing people in jail for marijuana possession, but they’ve largely been ignored thanks to common sense. However, law enforcement sources in New York are now justified in their concerns as child rapists have been released.

Apr 01 07:37

After Citizens Refused to Obey, Sheriff Reverses Decision to Close Gun Stores

This week, Villanueva stated that he is abandoning his effort to shut down gun stores. As the AP reports, the sheriff said he’s heeding a federal Department of Homeland Security advisory issued on Saturday that listed gun and ammunition dealers as “essential critical infrastructure workers.”

As TFTP reported last week, other areas of California are practicing similar civil disobedience and refusing to shutter the doors to their guns stores.

“We have no plans to close,” said David Chong, who owns AO Sword Firearms in El Cajon. “We have not heard any lawful order to shut down.”

Chong, like the rest of the pro-gun rights individuals above, recognizes that the closure of gun stores is a direct attack on your Second Amendment right to bear arms.

“We have to be very careful not to get into a ridiculous situation where we are sterilizing the Second Amendment by saying, ‘Oh you can keep and bear arms but you can’t acquire any,'” Chong said.

Apr 01 07:33

Coronavirus Missives from the Philippines, USA, France, Lebanon and Germany

In Singapore, you can be jailed for half a year for failing to keep “social distance.” The same offense in New York will only get you fined for up to $500, although an 86-year-old woman has just been killed when she got too close to someone at a Brooklyn hospital. Out of masks, Tennessee doctors strap diapers on their faces.

On March 29th, 2020, 756 Italians died from the coronavirus, and that’s considered encouraging news, believe it or not, since 919 lost their lives on the 27th. Half of the world is in lockdown, and should this drag on, riots will certainly break out, since billions can’t just stay indoors as their food runs out, if it hasn’t already.

Here in Busan, people still mingle, talk and laugh, but schools remain closed, and the baseball season won’t start until April, if that. There are no more international flights from here. Two weeks ago, I could still fly to Saipan or Vladivostok, which is so close, but Russia has just sealed its borders, as has China.

Apr 01 07:23

Flu season deaths top 80,000 last year, CDC says

(CNN)An estimated 80,000 Americans died of flu and its complications last winter, according to the US Centers for Disease Control and Prevention. This means it was the deadliest season in more than four decades -- since 1976, the date of the first published paper reporting total seasonal flu deaths, said CDC Spokeswoman Kristen Nordlund.
In previous seasons, flu-related deaths have ranged from a low of about 12,000 during the 2011-2012 season to a high of about 56,000 during the 2012-2013.

Apr 01 07:19

People dying equals Coronavirus? An engineered virus?

I’ve detailed, in past articles, all the Chinese cases who have been diagnosed for no other reason than they have pneumonia, a traditional disease of major proportions in China. Studies estimate that roughly 300,000 citizens die of it every year. Which means there are millions of Chinese people who have develop pneumonia each year. Furthermore, the Chinese government quickly abandoned the idea of testing for the purported coronavirus—favoring instead, CT scans of the lungs. A finding of pneumonia was sufficient for a diagnosis of an “epidemic case.” That is absurd on its face. Pneumonia has many causes, none of which requires a new virus.

Apr 01 07:16

Lies, damned lies....and statistics

Well we haven't all died yet. In fact my readership has gone up over the last few weeks. So what's going on? I don't know but I repeat what I said in an earlier post: A mind-fuck is underway.

Apr 01 07:12

Bill Gates’ Quantum Dot Digital Tattoo Implant to Track COVID-19 Vaccine Compliance

Microsoft founder Bill Gates announced on March 18, 2020 during a “Reddit ‘Ask Me Anything’ session” that he is working on a new, invisible “quantum dot tattoo” implant that will track who has been tested for COVID-19 and who has been vaccinated against it.

According to BioHackInfo.Com: “The quantum-dot tattoos involve applying dissolvable sugar-based microneedles that contain a vaccine and fluorescent copper-based ‘quantum dots’ embedded inside biocompatible, micron-scale capsules. After the microneedles dissolve under the skin, they leave the encapsulated quantum dots whose patterns can be read to identify the vaccine that was administered.”

Apr 01 07:05

US Stock Market Futures: Dow, S&P 500, Nasdaq Plunge Over Coronavirus Forecast

After recording the ugliest first quarter in its entire history, the Dow Jones Industrial Average looks set to continue its plunge on April 1 to open another volatile quarter.

Apr 01 06:59

P FOR PANDEMIC

“People should not be afraid of their governments. Governments should be afraid of their people.” – Alan Moore – V for Vendetta

“Authority, when first detecting chaos at its heels, will entertain the vilest schemes to save its orderly facade.” – Alan Moore – V for Vendetta“
part 1
https://www.theburningplatform.com/2020/03/30/p-for-pandemic-populist-...

Apr 01 06:57

The No.1 Priority Right Now Is to Test a Representative Sample of the Population — Why Isn’t It Being Done?

Get a polling company to create a 3000-strong representative sample of your population. Then take 9,000 of your SARS-CoV-2 tests and go triple-test every one of them.

Then finally we’ll have the answer to the question of how much covid-19 virus is already out there and therefore what the actual hospitalization and mortality rates are, and we can finally decide what measures make, or do not make, sense based on some actual data.

(And as a bonus we’ll get some insight into how accurate the tests themselves are.)

Apr 01 06:55

Peter Schiff: Americans Are in For a Rude Awakening

Peter said this time he thinks the world is going to kick out the dollar as the reserve currency. If that happens, the dollar will just be another currency.

And that means Americans are going to have to have to abide by the same economic rules that govern everybody else. That means if we want to consume, we’ve got to produce. If we want to borrow, we’ve got to save. And Americans are going to be in for a rude awakening.”

Apr 01 06:53

There Is No Such Thing as “Non-Essential Business” as Our Commie Governments Will Soon Find Out (As Will We)

As the coronavirus-induced economic lockdowns have tightened across the US, we’ve seen the emergence of a government-inspired fantasy – the myth of the nonessential business.

Government officials across the country have forced the closure of these so-called non-essential businesses while allowing “essential” enterprises to soldier on. Politicians and bureaucrats have developed arbitrary criteria to determine which businesses are and are not essential.

I say arbitrary because there is really no objective way to make such a determination.

Apr 01 06:50

The Biggest Fraud in History is Happening Right Before Our Eyes

More and more evidence is forthcoming daily that this new coronavirus called Covid-19, is not only being blown out of proportion, but is purposely being manipulated to show many more deaths than are actually caused by this mystery virus.

Apr 01 06:13

It's Happening: Oil Producers Are Now Paying Clients As Wyoming Sour Price Turns Negative

When Goldman's crude oil analysts wrote on Monday that "This Is The Largest Economic Shock Of Our Lifetimes", they echoed something we said last week - nameley that the record surge in excess oil output amounting to a mindblowing 20 million barrels daily or roughly 20% of global demand...

Apr 01 06:12

The Return of the Barter Economy, Swapping Eggs for Toilet Paper

Since the beginning of March, unattended folding tables have begun popping up at intersections and the end of people’s driveways, offering everyday goods like rice, a jar of jam or bread. Take what you need and leave what you can, the signs say.

Barter, the trade system prevalent in the Middle Ages, is back in the time of coronavirus pandemic, with a modern twist.

Social networks Facebook and Nextdoor are flooded with posts from neighbors and friends seeking to swap eggs for toilet paper. Small and midsized businesses, whose cash trade has dried up from the economic fallout of shelter-in-place orders, are turning to online barter exchanges.

Apr 01 06:06

Fed Takes on Role of World’s Central Bank by Pumping Out Dollars

The Federal Reserve is acting as central banker to the world by seeking to provide the global financial system with the dollar liquidity it needs to avoid seizing up.

In its latest measure to combat the economic fallout from the coronarvirus pandemic, the Fed said Tuesday it was establishing a temporary repurchase agreement facility to allow foreign central banks to swap any Treasury securities they hold for cash. That’s yet another step beyond the actions it took in the 2008 financial crisis.

“To the Federal Reserve’s credit, it is playing the role of central banker to the world rather than denying it and trying to ward it off,” said former Fed official Ted Truman, who is now a senior fellow at the Peterson Institute for International Economics in Washington.

Apr 01 06:00

The Cheapest Way For Trump To Save US Oil

The President of the United States has the power, at his sole discretion without any other authority, to place a fee on imported oil or products. It becomes variable when a base price (floor price) is set and a fee is paid on any imports where the price on imports is below the base price. If the base price for oil was set at $50.00 per barrel and the import price is $30.00 per barrel, then an import fee of $20.00 per barrel would be paid to the United States Treasury. Likewise, if the import price (world price) is $50.00 a barrel, then no fee is paid. Thus, the fee is variable depending on the price paid for an imported barrel.

Apr 01 05:06

WITH CORONAVIRUS ALREADY ON 97 AMERICAN MILITARY BASES, THE ARMED FORCES STRUGGLE WITH THEIR MANY MISSIONS

The first of about 500 soldiers of the 1st Brigade of the 10th Mountain Division, as well as soldiers in the division's 10th Combat Aviation Brigade, started arriving Monday at Ft. Drum in upstate New York, making the long journey home from their duty in Afghanistan.

In a message to families posted on Facebook, division commander Maj. Gen. Brian Mennes said the troops were returning home "sooner than anticipated"—60 days earlier than previously planned—in response, he said, to the commander-in-chief's desire to downsize forces in Afghanistan but also an accelerated schedule because of coronavirus. After a 14-day quarantine in what he says will be comfortable facilities on base, soldiers and families will be reunited.

Webmaster's Commentary: 

I would love to think that there will be a reconsideration of these endless wars, because of Covid 19; unfortunately, Congress, sitting at the public trough, has no real compunction to make this happen.

After all, many of them are "making a killing" (literally and figuratively) through buying stock in (and getting supported for election through) companies whose main goal is obliteration of human life on this planet.

There is an old phrase, "Those who are unwilling to learn from history, are doomed to repeat it."; this could not possibly be more true for the US Congress,. at this point in its history.

Apr 01 04:54

"There Are Basically No Sales": U.S. Auto Industry Enters Total Collapse As A Result Of Nationwide Lockdown

The industry was already barely holding on by a thread before the coronavirus pandemic started, with China leading the rest of the globe's auto industries into recession over the last 18 months. Now, in a post-coronavirus world, automakers in the U.S. are expecting nothing less than full collapse.

And the things that were barely holding the industry up to start 2020, namely low rates and modest consumer confidence, don't matter. Businesses are closed, would-be buyers are strapped for cash and the country's economy has simply been turned off. The industry's annualized selling rate could slow to 11.9 million in March, according to Edmunds.

Jessica Caldwell, executive director of insights for market researcher Edmunds, told Bloomberg: “The whole world is turned upside down right now.”

Apr 01 04:53

‘We will go to the governor’s door’: Fired Amazon walkout leader vows BIGGER protest if Covid-19 safety demands not met

The leader of an Amazon warehouse walkout will take his fight for a safe workplace to the New York governor’s office if needed, he told RT. City authorities are investigating whether he was fired in retaliation for the protest.

Chris Smalls, the Amazon associate who led Monday’s walkout at the megacorporation’s mammoth Staten Island warehouse, believes he was fired over his leadership of the protest, but he told RT he isn’t done fighting for the safety of what were until recently his fellow employees. “My plan of action is to continue to fight until the buildings are closed down,” he said. “They got rid of me to stop the movement but they actually empowered me and motivated me, so I will continue to fight.”

Apr 01 04:29

Chinese Woman Filmed Herself 'Buying Out' N95 Masks, Bragged She 'Left Nothing For The Americans'

A Chinese woman allegedly filmed herself travelling all over Florida and buying out N95 masks while laughing about leaving "nothing for the Americans."

Apr 01 04:22

America, We Have To End the Wars Now

Can anyone think what our society might have spent six and a half trillion dollars on instead of 20 years of war in the Middle East for nothing? How about the trillion dollars per year we keep spending on the military on top of that?

Invading, dominating and remaking the Arab world to serve the interests of the American empire and the state of Greater Israel sounds downright quaint at this point. Iraq War II, as Senator Bernie Sanders said in the debate a few weeks ago, while letting Joe Biden, one of its primary proponents, off the hook for it, was “a long time ago.” Actually, Senator, we still have troops there fighting Iraq War III 1/2 against what’s left of the ISIS insurgency, and our current government continues to threaten the launch of Iraq War IV against the very parties we fought the last two wars for. This would almost certainly then lead to war with Iran.

Webmaster's Commentary: 

Doing things in precisely the same way, over and over and over again, yet expecting a different outcome, is one of the classic definitions of insanity.

Apr 01 04:10

Italy Threatening To Erupt Into Riots As Nationwide Lockdown Takes Economic Toll

By Emily ZanottiDailyWire.com
APLES, CAMPANIA, ITALY - 2020/03/31: Sanitary workers disinfect the streets of Naples city to counter the danger of a coronavirus infection (COVID 19). (Photo by Salvatore Laporta/KONTROLAB/LightRocket via Getty Images)Photo by Salvatore Laporta/KONTROLAB/LightRocket via Getty Images
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Italy’s rate of coronavirus infections has finally slowed, but the national lockdown that helped slow the spread of the disease is now threatening to take its own toll as Italy’s poorer regions begin to push back against government regulations keeping them from working.

The “depressed south” is “turning into a powderkeg,” according to Bloomberg world news, and the Italian government is now prepared to take efforts to control the possible spread of violence.

Webmaster's Commentary: 

With food supplies dwindling, it appears to be a question of when, rather than if, Italy will soon be hit by riots.

Apr 01 04:09

Merkel left red faced as Italian MPs mention Nazi reparations in coronavirus support row

GERMANY was reminded of its Nazi history in a passionate plea for financial support to help tackle the deadly coronavirus by a group of influential Italian politicians.

Apr 01 04:07

This Huge Jewish Finance Firm Just Took Over the US Treasury and Fed

In less than a week the Federal Reserve has been merged with the U.S. Treasury (implying it wasn’t always that way) and BlackRock, the world’s largest and most powerful financial services institution, has been put in charge of executing future acquisitions and trades.

Who is BlackRock? What do they own? And perhaps more importantly, what and who do they control? Jazz and James dive into BlackRock and uncover a significant portion of the apparatus by which U.S. politics are controlled and manipulated.

Apr 01 02:03

Report: China's Wet Markets Are Still Selling Bats, Dogs And Cats

Fox News host Tucker Carlson on Monday highlighted a report from the Daily Mail revealing how Chinese wet markets are still selling bats, cats and dogs for people to eat.

Mar 31 18:56

Stunning Ripple Effects From Coronavirus Business Closures

Never before in history. This has never happened. That is, the extent at which businesses are closed. It is stunning. Astounding. Look around. What do you see?

Mar 31 18:08

Supplies Are Starting To Get Really Tight Nationwide As Food Distribution Systems Break Down

All across America, store shelves are emptying and people are becoming increasingly frustrated because they can’t get their hands on needed supplies.  Most Americans are blaming “hoarders” for the current mess, but it is actually much more complicated than that. 

Mar 31 17:57

49 Percent Of U.S. Companies Expect Layoffs “In The Next Three Months” As Unemployment Heads To Great Depression Levels

If the U.S. economy remains in shutdown mode for the next several months, we are going to witness layoffs like we have never seen before in U.S. history.  Of course, what we have already witnessed is difficult to believe.

Mar 31 13:34

Who’s going to pay for Hollywood’s coronavirus shutdown?

Hollywood studios and other major entertainment media entities are making efforts to treat the people who work for and with them decently at this point in the coronavirus crisis.

Late last week, WarnerMedia committed to contributing $100 million to a fund to help production workers sit out Warner Bros.’ many idled shows.

It was also reported that Netflix will be paying actors from their curtailed series their minimum guaranteed fees for episodes that won’t go into production until the all-clear is sounded.

Mar 31 13:03

Local animal shelters feel the pinch, reduce services

REGION — Several rescue shelters have ceased all public-facing operations at locations across North County.

Rancho Coastal Humane Society in Encinitas shut most of its operations down and reduced its staff on March 20, although a select few employees will still care for the nearly 50 dogs, cats and rabbits, according to Judi Sanzo, chief executive officer of RCHS.

Mar 31 12:55

Gas prices dip below $1 at some Cleveland stations, reaching as low as 67.9 cents

CLEVELAND, Ohio — Gasoline prices at some Cleveland gas stations have dipped below one dollar per gallon over the past 24 hours, reaching as low as 67.9 cents Monday night at one station on Cleveland’s West Side.

Mar 31 12:45

State AG tells landlords, lenders residents cannot be evicted from their homes during COVID-19 crisis

Pennsylvania’s attorney general is sending a strong reminder to landlords and mortgage lenders statewide that they cannot evict residents from their homes during the coronavirus pandemic.

In a letter to property owners and others, Attorney General Josh Shapiro said “it is critical that rental evictions cease for the duration of this emergency.

Mar 31 12:31

Laid off workers battle outages, jammed phone lines as Pa. unemployment system buckles from coronavirus surge

HARRISBURG — Each day last week, Shawn McCreary settled into a new and strange routine.

Instead of going to his job in Mechanicsburg as a substitute special education teacher, McCreary picked up the phone and began calling the Pennsylvania Department of Labor and Industry’s unemployment compensation hotline, hoping to reach anyone who could help him.

His rent would be due on the first of April, and there was less than $200 in his bank account.

Mar 31 09:52

Anthony Migchels--Media Incite Panic

The mass media will feel our wrath.

"The Media, Internationally, centrally coordinated, has DESTROYED our States and Institutions and Truth and Economy and Liberty and Love with an ENTIRELY fabricated 'pandemic', putting the masses into a fear psychosis." In the U.S. alone, the flu has caused an estimated 36 million illnesses, 370,000 hospitalizations and 22,000 deaths this season alone but we only hear about the 2500 Corona supposed deaths.

The West is just getting destroyed by a New World Order Media directed mob, in the best traditions as described in the protocols.

The Media have just whipped up a huge, worldwide, billions large, blind mob, with a totally bullshit narrative.

They have CRUSHED all major States, their institutions, everything, forcing them into complete destruction. Of order. The economy. Our most fundamental human rights: to make our living. To leave our homes.

Mar 31 09:40

It’s Only a Matter of Time Until COVID-19 Lockdowns Lead to Civil Unrest and Violent Crime

(March 31, 2020) The United States of America is basically closed for business, leaving citizens jobless, broke, and without options. We’re facing restrictions on movement the likes of which our nation has never seen. The stores that are open have never fully restocked after the “panic buying” of previous weeks, leading to shelves barren of things like meat, flour, toilet paper, and rice.

It’s only a matter of time before these issues combine to become the flashpoint that leads to an explosion of civil unrest and violent crime.

Mar 31 08:14

Video proof: U.S. military preparing for civil unrest, detention of dissidents, currently erecting detainment camps complete with white buses

Somewhere in Utah the U.S. military is erecting detention camps complete with fencing and white unmarked transport buses.

The camps could be used in the near future to house detainees during the anticipated civil unrest created from the COVID-19 outbreak.

The above video serves as proof that we have been lied to by President Donald Trump when he claimed that “the coronavirus is very much under control” during a previous White House press conference. Nothing could be further from the truth.

Mar 31 08:01

Brooklyn Man Baruch Feldheim Accused of Hoarding N95 Masks, Selling Them at 700% Markup, Coughing On FBI Agents

Baruch Feldheim, 43, was arrested on Monday for allegedly hording desperately needed medical supplies including 80,000 N95 masks which he was selling at a 700% markup.

When the FBI came to arrest him, he coughed on them and claimed he had the coronavirus.

According to a Department of Justice press release, Feldheim was hording enough medical supplies "to outfit an entire hospital."

Mar 31 07:55

The US is set to lose its spot as world's top oil producer — and it 'doesn't have a lot of tools' to do anything about it

A world increasingly in lockdown over the coronavirus crisis and the oil price war set off between Saudi Arabia and Russia have brought crude prices down more than 65% year-to-date.
In America's shale country, budgets have been slashed, capital investment put on hold, and workers laid off. In the last two weeks alone, 59 rigs have been put out of service.
"We see in this coming month of April what could be a 20 million barrel a day decline in oil demand. It's unprecedented," Dan Yergin of IHS Markit told CNBC.

Mar 31 07:51

Corona-Madness: Authoritarianism Is Not The Answer!

Throughout the country, bureaucrats and politicians are clamping down on the Constitution in the name of fighting a virus that thus far has not shown itself more deadly than the seasonal flu. Those numbers can change and it can be a serious disease, but as after 9/11 we are being told we must sacrifice our liberties in the name of security. Government did not deliver then and it will not deliver now. Liberty stolen will not be returned. Is there a better way?

Mar 31 07:48

Is US readying itself to re-invade and occupy Iraq?

By Robert Inlakesh

In the wake of the great escalation of January 2020, ultimately resulting in the retreat of United States forces, situated across Iraq, down to a few key bases around Baghdad that now come under regular rocket attack by local anti-occupation resistance groups, American strategic planners are confronted with only two choices: leave Iraq or launch a full-scale shock attack operation in the country's west and subsequent occupation of the area to regain the strategic initiative.

The US finds itself in its current position in Iraq, for the first time since the North Korean army invasion of South Korea in 1950 - an event which nearly threw American troops, at Pusan, into the sea and forced them to fight a protracted defense.

For a military force whose historical doctrine has been to 'attack, attack, attack', America’s current position in Iraq is terribly awkward and uncharacteristic of the usual predicament of total superiority it generally finds itself in.

Webmaster's Commentary: 

Inlakesh puts together a brilliant, and thoughtful, scenario here; but there is a question which remains unasked in this article: should the US do this,
what will Russia do, in light of the fact that one of its chief politicians, told his Iranian counterpart last summer, that if Iran is attacked by the US, it will not stand alone.

Iran ‘Won’t Be Alone’ If U.S. Attacks, Russian Official Says

This came out in the English language edition of the Moscow times on 26 June, 2019; why do I seem to be the only person still standing who remembers this being said?!??

This.... is literally the 5,000 lb polar bear, lounging on the Bosendorfer Baby Grand, on this issue.

But there is one thing that Inlakesh got absolutely correctly; this has to happen before the US end of the Covid-19 shut-down, which is, at this moment, is set for Friday, 1 May, 2020; this gives the Federal Government 30 days to either retreat entirely from Iraq, or use it, and Saudi Arabia, as the bases from which to ultimately attack Iran.

I am an American who cares greatly about this country, and the future trajectory of both its domestic and foreign policies. I care greatly about our men and women in uniform, so I am respectfully asking the civilian government in the US to use both restraint, and wisdom, in their deployment here.

A war with Russia over Iran?!?

There is nothing Israel's Netanyahu would love to see happen more than this.

But if there were any possible scenario which could create at something perceivedly good for Israel, but which would be card-carryingly horrible for We the People, I can hardly think of a worse one than this one could create.

And before I end this post, Mr. President, would you please have someone break the following down for you, in digestible format, and that would be the following.

'But Sir, It’s an American Ship.' 'Never Mind, Hit Her!' When Israel Attacked USS Liberty

Mr. President, with "friends" like this......?!?!?!?!?!?!?

I'm just saying.

Mar 31 07:47

Iran’s natural gas exports halted after pipeline explosion along Turkish border: video

A pipeline carrying gas between Turkey and Iran exploded at the Gurbulak border gate, on the Turkish side of the border with Iran, on Tuesday.

Mar 31 06:48

Pentagon seeks to classify future year defense spending plans

The Pentagon has asked Congress to allow it to classify its Future Year Defense Program spending projections, new documents have revealed.

The FYDP numbers, which project five years into the future, are considered essential information for the public to see where the Department of Defense expects to invest in the future, and to hold the department accountable when those spending plans change.

Information on the request was published Monday by Steven Aftergood of the Federation of American Scientists. Aftergood wrote that the proposal would “make it even harder for Congress and the public to refocus and reconstruct the defense budget.”

In its request to Congress, the Pentagon wrote that an unclassified FYDP “might inadvertently reveal sensitive information,” despite the fact the numbers have been unclassified since 1989.

Webmaster's Commentary: 

I can certainly understand why no one at the Pentagon wanted to sign this; they wouldn't want to make it look as though anyone there would fight the concepts of openness and transparency, but looking at the language of this proposal, it is obvious that this is what they want to do.

Mar 31 06:43

Dow futures trade 300 points lower as coronavirus uncertainty lingers, after temporary boost from China factory data

Stock-index futures pointed to losses for Wall Street Tuesday amid worsening data on coronavirus deaths in the U.S. and Spain, after equities initially found support following data showing a rebound in Chinese manufacturing activity in March, as the country comes out of a lockdown.

Mar 31 06:30

For Autocrats, Coronavirus Is a Chance to Grab Even More Power

LONDON — In Hungary, the prime minister can now rule by decree. In Britain, ministers have what a critic called “eye-watering” power to detain people and close borders. Israel’s prime minister has shut down courts and begun an intrusive surveillance of citizens. Chile has sent the military to public squares once occupied by protesters. Bolivia has postponed elections.

As the coronavirus pandemic brings the world to a juddering halt and anxious citizens demand action, leaders across the globe are invoking executive powers and seizing virtually dictatorial authority with scant resistance.

Governments and rights groups agree that these extraordinary times call for extraordinary measures. States need new powers to shut their borders, enforce quarantines and track infected people. Many of these actions are protected under international rules, constitutional lawyers say.

Webmaster's Commentary: 

Edward Snowden has observed that these restrictive measures, put in place "because of the Covid-19 pandemic", will outlast the virus by a very, very long time; I think he is absolutely correct on this.

Mar 31 06:14

Question Everything

Crises, like pandemics, don’t break things in and of themselves; they show you what’s already broken.

– Patrick Wyman

Big macro crises in any form are scary, massively disruptive, and in some cases, literally deadly. This is why governments and entrenched institutions always see such events as opportunities to further consolidate wealth and power.

The current global pandemic is no exception, as I detailed in last week’s piece: Power Grab. While it’s necessary to be aware of this reality — and to push back against it wherever possible — it’s equally important to recognize there’s a silver lining to all of this.

Mar 31 05:27

A SERIOUS warning about this crisis

Mar 31 04:24

ORONAVIRUS UN says India, China may not face recession, calls for USD 2.5 trillion coronavirus crisis package for developing nations

While the deadly coronavirus pandemic has claimed thousands of lives across the globe and pushed the global economy into recession, it is unlikely to impact the economies of India and China, the United Nations has said in its latest report.
"The world economy will go into recession this year with a predicted loss of global income in the trillions of dollars. This will spell serious trouble for developing countries, with the likely exception of China and the possible exception of India," a report published by the United Nations Conference on Trade and Development (UNCTAD) said on Monday.

Mar 31 04:20

US Central Bank: 47 Million Americans May Go Jobless Amid COVID-19 Pandemic

Economists project that the number of layoffs in the US could possibly spike to 47 million as states across the country increase COVID-19 novel coronavirus prevention measures and certain at-risk businesses continue to lay off employees.

Last week, the US Federal Reserve revealed that the worst has yet to come in regard to the declining American economy and the subsequent unemployment rate. According to economists at the Federal Reserve’s St. Louis, Missouri, branch, the total employment reductions will hit 47 million by the end of 2020’s second quarter, which runs from March 1 to June 30.

Mar 31 04:16

Jim Grant Warns Fed's 'All-In' Actions Are A "Clear-And-Present-Danger" To US Creditors

In a veritable treatise on all that was wrong with The Fed's actions, Jim Grant - founder and editor of Grant's Interest Rate Observer - was somehow allowed nine minutes on CNBC's Squawk Box to put America straight on what we are facing and the consequences of these unelected and unaccountable officials terrifying experiments.

Mar 31 04:13

Texas Or Canada: Where Will Oil Hit $0 First

Looking at the future of oil prices, Goldman was downright apocalyptic in its short-term forecast, when in a note published this morning, the bank's chief commodity strategist Jeffrey Currie speculated that as the current production glut "shock" cripples the crude transportation networks, "a producer would be willing to pay someone to dispose of a barrel, implying negative pricing in landlocked areas." To wit:

Mar 31 04:07

"Stop The Revolver Run": Cash-Strapped Banks Quietly "Discourage" Companies From Drawing Down Their Loans

One week after the Fed expanded its "bazooka" by launching a "nuclear bomb" in the words of Paul Tudor Jones , at fixed income capital markets which it has now effectively nationalized by monetizing or backstopping pretty much everything, some signs of thaw are starting to emerge in the all important commercial paper market, where the spread to 3M USD OIS is finally starting to tighten, coming in by 60bps overnight.

Mar 31 04:01

Huge: Did President Trump Just Make Himself Federal Reserve Chairman?

President Donald Trump may have just quietly pulled off a major move that could rescue our nation as we know it from the precipice of one of the greatest crises in recent history.

As we grapple with the COVID-19 pandemic and all the logistical and financial trials our nation now faces, President Trump may very well come out of this situation even more of a hero than he’s already been for the America First agenda.

According to a Bloomberg op-ed penned by Jim Bianco, “the federal government is nationalizing large swaths of the financial markets.”

Mar 31 03:47

Boeing's Bean-Counter Culture And The Bailout Of Mass Financialization

On Tuesday, in anticipation of several trillion dollars of Congressional pork, the Dow Jones Industrial Average (DJIA) rallied 11.37 percent. This marked its best day since 1933. Some Dow 30 stocks did much better.

For example, Chevron was the top performer; closing up 22.74 percent. American Express, which increased 21.88 percent, was a close second. But do you know what company came in third?

None other than the posterchild for corporate financialization and cronyism: Boeing. The company closed up 20.89 percent.

Mar 31 03:47

Supplies Are Starting To Get Really Tight Nationwide As Food Distribution Systems Break Down

All across America, store shelves are emptying and people are becoming increasingly frustrated because they can’t get their hands on needed supplies. Most Americans are blaming “hoarders” for the current mess, but it is actually much more complicated than that. Normally, Americans get a lot of their food from restaurants. In fact, during normal times 36 percent of all Americans eat at a fast food restaurant on any given day. But now that approximately 75 percent of the U.S. is under some sort of a “shelter-in-place” order and most of our restaurants have shut down, things have completely changed. Suddenly our grocery stores are being flooded with unexpected traffic, and many people are buying far more than usual in anticipation of a long pandemic. Unfortunately, our food distribution systems were not designed to handle this sort of a surge, and things are really starting to get crazy out there.

Mar 30 23:56

Man In Coma For Past Month Arrives At Church, Assumes He's Been Left Behind

BACKWATERTON, AR—Local man Rayford Williams has been in a coma for the past month, so he was excited to get back to his church family. Unfortunately, he was totally unaware of the COVID-19 outbreak, which has caused most churches to move their services online.

Mar 30 23:53

New Yorkers praise Cuomo’s unparalleled leadership in blaming everything on Trump

New Yorkers across the state are praising Governor Andrew Cuomo‘s unparalleled leadership in blaming everything on President Trump—from lack of ventilators to state budget deficits.

“Cuomo had been really horrible for this state, but he has shown excellent leadership during the coronavirus by blaming everything on Trump,” Bronx resident Cliff Huckstable said.

Mar 30 23:46

Relief On The Horizon? Trump And Putin Discuss Oil Markets

US President Donald Trump and Russian President Vladimir Putin agreed on Monday to have energy officials from both countries discuss the dire state of the global oil market, the Kremlin said, according to Reuters.

Trump and Putin discussed the matter over the phone on Monday.

Mar 30 21:15

TEXAS IS F*CKED

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