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ECONOMY

Mar 23 08:51

The Global Economy Won't Bounce Back Soon

Mar 23 07:53

An air-locked lab at UNC is leading research on cures for the coronavirus

There, at the UNC Gillings School of Global Public Health, Baric and his many collaborators are on the forefront of research in the fight to keep the coronavirus at bay.

Read more here: https://www.newsobserver.com/news/business/article240892791.html#story...

https://www.youtube.com/watch?v=3DAI3c9wE0Q&feature=emb_logo

This guy says University of North Carolina at Chapel Hill sold or gave a sample of this virus to the lab in Wuhan.

Francis Boyle is a professor of international law at the University of Illinois College of Law. He drafted the U.S. domestic implementing legislation for the Biological Weapons Convention, known as the Biological Weapons Anti-Terrorism Act of 1989, that was approved unanimously by both Houses of the U.S. Congress and signed into law by President George H.W. Bush.

Mar 23 07:21

How Long Will Americans Tolerate Corona-Madness?

A gentleman said this about Democrats/fake news media in an email, "...they are willing to destroy hard working people's jobs to accomplish their power play." This guy is spot on correct. This is why I regard Democrats'/fake news medias' gleeful spread of corona-madness so loathsome and evil.

Democrats and fake news media are 100% committed to destroying Trump, their greatest Nemesis. Collapsing the U.S. economy and even the loss of American lives is acceptable collateral damage in their quest for power to control every aspect of our lives. They believe corona is their highly sought-after kryptonite to kill We-the-Peoples' superman president.

Read more: https://www.americanthinker.com/articles/2020/03/how_long_will_america...
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Mar 23 06:39

Is the U.S. Stimulus deal enough?

Mar 23 06:15

Covid-19 has exposed our financial fragility

Mar 23 05:48

Where Will the US Stock Market Crash End?

Mar 23 05:35

Liberty and the Coronavirus: Not An Either/Or Proposition

Governments have always exploited crises to expand their powers.

It’s always difficult during a crisis for the government to address problems effectively while guarding against potential collateral damage to the freedoms Americans take for granted. That dilemma has become acute with the current coronavirus outbreak and the measures being taken to stem it. No one should doubt that this pandemic is a worrisome problem. Not only is the virus highly contagious, the mortality rate (especially among elderly victims and those with underlying health problems) is substantially higher than with influenza or similar diseases. That gap shows signs of narrowing, but there is little question that coronavirus is a serious health menace.

Mar 23 05:33

Of Viruses and Verities: Is Shutting Down the Nation Over Covid-19 Making Us LESS Safe?

There have been approximately 225,000 hospitalizations and 20,000 deaths. Ninety percent of the deceased are elderly, and 90 percent have underlying medical conditions.

I’m talking about the flu, by the way, and the toll it takes annually in just the United States alone.

As for the Wuhan virus, there are 18,170 confirmed cases in the U.S., with 250 confirmed deaths. Eighty percent of the deceased are elderly, the Centers for Disease Control (CDC) tells us, and data from Italy show that 99 percent had underlying medical conditions. So it’s good we’re reacting to the disease the same way we do to the flu.

Except we’re not, of course.

Mar 23 05:31

Theory: A debt jubilee is coming

Mar 23 05:31

Collins blasts Democrats for blocking coronavirus stimulus plan, says they’re ‘playing with fire’

The dems may lose the House big time over this stupidity. They are setting themselves up to take the blame for all this crap. BYE! BYE!

Senate Democrats late Sunday blocked a GOP-backed $1.3 trillion coronavirus rescue package as five Republicans watched helplessly from self-quarantine, prompting U.S. stock futures to dive and sowing fresh doubt the parties can forge an agreement as the nation descends into economic disaster.

Mar 23 05:27

Episode 373 – Medical Martial Law 2020

As the lockdowns go into place and the military takes to the streets in country after country, the decades of preparation for medical martial law are finally paying off for the pandemic planners. Today on this emergency edition of The Corbett Report podcast, James lays out the steps that have led us to the brink of martial law and the steps that are being taken to implement it now. Please help to spread this important information and to raise awareness of the crisis that we are facing.

Mar 23 05:24

Bill Gates -- Vaccine not Virus Will Cull Humanity

"First, we've got population. The world today has 6.8 billion people. That's headed up to about nine billion. Now, if we do a really great job on new vaccines... we could lower that by, perhaps, 10 or 15 percent." https://www.ted.com/talks/bill_gates_innovating_to_zero/transcript?lan...

William Engdahl: "There is practically no area of the current coronavirus pandemic where the footprints of the omnipresent Gates are not to be found. If that is to the good of mankind or grounds to be worried, time will tell."

Mar 23 05:22

Prof. Francis Boyle Update on Coronavirus Bioweapon

Francis Boyle is a professor of international law at the University of Illinois College of Law. He drafted the U.S. domestic implementing legislation for the Biological Weapons Convention, known as the Biological Weapons Anti-Terrorism Act of 1989, that was approved unanimously by both Houses of the U.S. Congress and signed into law by President George H.W. Bush.

In an exclusive interview given to Geopolitics and Empire, Dr. Boyle discusses the coronavirus outbreak in Wuhan, China and the Biosafety Level 4 laboratory (BSL-4) from which he believes the infectious disease escaped.

Mar 23 05:17

FEMA vows to ‘ATTACK health & safety’ of Americans in chilling slip as Trump activates National Guard to battle Covid-19

In an ill-timed blooper, immediately mocked as a Freudian slip, the head of FEMA promised a crackdown on Americans’ health and safety while standing alongside US President Donald Trump at a coronavirus task force briefing.

“The federal government continues to take aggressive action and proactive steps to address the Covid-19 threat...

... as we attack the health and safety, or protect the health and safety of the American people...

“It remains our top priority,” stated the Federal Emergency Management Agency administrator Peter Gaynor.

Mar 23 04:38

Short Take on the Long Line to Recession

Mar 23 04:10

Stockman: The Crony Capitalist Thieves Are Back

The nerve of it is a wonder to behold. The US airline industry has spent a decade shoving itself into harm’s way by strip-mining their balance sheets to fund share buybacks and goose top executive stock options.

For crying out loud – the reckless irresponsibility of it is mind-boggling. That’s because for decades upon decades this has been a highly cyclical industry – vulnerable to global dislocations caused by recessions, storms, wars, terror and more. Accordingly, airline companies absolutely need deep equity balance sheets and ample standby liquidity, even at the expense of short-term earnings.

Mar 23 04:09

"Stop The Coronavirus Corporate Coup": Here Is A List Of Everyone Demanding A Bail Out

Courtesy of BIG newsletter author and monopoly researcher, Matt Stoller, here is an ever expanding list of every industry and entity that has floated bailout demands in what Stoller dubs the "CoronavirusCoup" - which if allowed to continue will make America's big business bigger and more entrenched than ever, and crush most of the country's small business. Why? Because from Defense contractors, to billionaires like Elon Musk and Jeff Bezos, to meatpackers and the beer industry, everyone wants a piece, and thanks to their lobby connections and political bribes, they will get it.

Who won't get it? The mom and pop store down the street which will have to quickly shut down for good in the coming weeks.

Here is how Stoller summarizes the dynamic currently taking place in Congress, which is certainly not going to let this crisis go to waste, and jockeying for trillions and trillions in pork, all on the back of US taxpayers and the viability of the world's reserve currency.

Mar 23 04:08

"Critical Medical Supply Shortage": The Moment US Woke Up To Disaster Of Always Outsourcing To China

No doubt Americans will look back on this current crisis as the moment the country collectively learned its lesson 'the hard way' about the dangers of over-reliance on Chinese manufacturing, or sending the vast majority of our manufacturing abroad anywhere for that matter.

"The critical shortage of medical supplies across the U.S., including testing swabs, protective masks, surgical gowns and hand sanitizer, can be tied to a sudden drop in imports, mostly from China," Associated Press reports after a new investigation.

Mar 23 03:57

US debt crisis wasn’t supposed to happen until at least 2035. Covid-19 is rapidly pushing it closer

The overall price tag of the fiscal stimulus package in the US could be around one trillion dollars. With record budget deficits and its national debt at $23 trillion, is the US hastening toward a fiscal reckoning?

The Trump administration wants to send direct cash payments to Americans in the coming weeks to help them cope with the economic ravages of coronavirus, part of a massive relief package developed between the White House and Capitol Hill. The overall price tag of the package is more than $1 trillion, making it one of the largest federal emergency fiscal packages ever assembled.

Whether this is a temporary downturn or a full-blown recession, two things will happen. Tax revenues will fall as people’s income drops, and Federal spending will rise. The result will be higher deficits.

Mar 23 03:47

COVID-19: Welcome to the New Dark Ages

The response by the government to COVID-19 will turn America into a third world country in short order. Destroying the economy, throwing millions of people out of work, creating air money and thus inflation, and draconian measures to head off a virus that kills far less than the ordinary flu will have serious and unprecedented ramifications.

The veneer of civilization will dissolve in short order. If practically everyone is ordered by the state to “shelter in place,” there will be few people left to deliver—let alone produce—food and other necessities. Within the first few days of this exaggerated “new plague,” frantic citizens besieged the stores, striping the shelves of toilet paper, canned goods, and bread. This is happening as a result of the corporate media hammering out an apocalyptic message nonstop.

Mar 23 03:46

Fed's Bullard Warns Unemployment May Soar To 30%, GDP Crash 50% In Q2

Last Friday, when Goldman predicted a 24% drop in Q2 GDP ostensibly in response to JPM's own -14% downgrade to Q2, we were frankly shocked, and wondered who would have the guts to come out with an even more apocalyptic prediction. Well, just 48 hours later, none other than the Fed's James Bullard has literally swept the analyst field with a forecast that - if accurate - could mean nothing short of civil war for the US.

Mar 23 03:45

Nancy Pelosi Nixes Bipartisan Talks on Coronavirus Package

House Speaker Nancy Pelosi (D-CA) said on Sunday that she has decided to move forward with her own emergency coronavirus relief package.

Pelosi spoke just hours before the Senate was scheduled to take a procedural vote that would lead towards a final vote on a bipartisan economic relief package. The bill would provide economic relief after the coronavirus epidemic ravaged the country’s economy.

“From my standpoint, we’re apart,” she said.

Subsequently, Senate leaders decided to delay a planned vote to 6 p.m. Sunday.

Mar 23 03:43

Democrats Block Senate Coronavirus Package

Democrats blocked a coronavirus package on Sunday that would provide economic relief to businesses and Americans suffering from the impact of the coronavirus outbreak.

The Senate GOP package failed, with 47 votes in favor and 47 against, which fell 13 votes short of what was necessary to advance the legislation.

An angry Senate Majority Leader Mitch McConnell (R-KY) slammed Democrats for voting against the bill and blamed House Speaker Nancy Pelosi (D-CA) for nixing bipartisan negotiations over a coronavirus package.

Mar 23 03:27

Panic Has Led to Government “Cures” That Are Worse than the Disease, History Shows

Anyone who’s seen the John Hughes movie Ferris Bueller’s Day Off probably remembers the scene where Ferris’s economics teacher (Ben Stein) explains the Smoot-Hawley Tariff Act to a roomful of bored, sleeping students. The scene is brilliant for many reasons, perhaps most so because it perfectly demonstrated how some of the most boring things in history are also the most important.

Smoot-Hawley was, of course, one of the great blunders in history.

Passed in 1930 over the objection of more than a thousand economists, the legislation increased tariffs (which were already high) on imports to protect US industries and farmers, sparking a trade war that deepened the Great Depression. It’s a perfect example of authorities taking decisive action to alleviate a crisis—and making things much worse.

Mar 23 03:26

Dow futures plunge as coronavirus slams market, Fed official warns unemployment could hit 30%

U.S. stock-index futures fell by the most allowable for the day Sunday evening as the cases of coronavirus globally neared 330,000 and the market appeared unhappy with a lack of government action to address the current and expected fallout from the COVID-19 pandemic.

On top of that, a U.S. central bank official estimated that the unemployment rate could surge from just over 3% to 30% at its peak as businesses shutter in an effort to clamp down on the spread of the deadly illness.

Mar 23 00:09

ADL Petitions Congress For A Federal Bailout Due to Coronavirus

The Anti-Defamation League, a far-left social justice group which advocates for online censorship in the name of "fighting antisemitism," is pushing for congress to give them a federal bailout due to the coronavirus.

Mar 22 20:26

How Dead is the Fed?

Mar 22 11:46

A fiasco in the making? As the coronavirus pandemic takes hold, we are making decisions without reliable data

A very brave Stanford professor of medicine dares to state the case that the covid19 reaction is not justified & that "locking down the world with potentially tremendous social and financial consequences may be totally irrational."

Excerpt: 
John P.A. Ioannidis is professor of medicine, of epidemiology and population health, of biomedical data science, and of statistics at Stanford University and co-director of Stanford’s Meta-Research Innovation Center

https://www.statnews.com/2020/03/17/a-fiasco-in-the-making-as-the-coro...

Mar 22 10:50

Local farmers optimistic as China lifts 5-year poultry ban

EASTON — Poultry farmers on the Eastern Shore and across the U.S. are seeing dollar signs after China announced it’s lifting its 5-year ban on U.S. poultry imports — a trade block the country enacted in 2014 following an outbreak of the avian influenza virus.

Mar 22 10:46

UPDATE 1-China warns of sustained virus impact on poultry, eggs supply

The world’s second-largest poultry producer, China had been ramping up output to fill a meat shortage after the African swine fever epidemic, which began in 2018, decimated its pig herd.

China has approved the import of all poultry products from the United States including breeding birds, an official website said on Monday.

Mar 22 10:29

Coronavirus Shutdown Leads to Mass Chicken Slaughter in China – Food Shortage and Soaring Meat Prices Ahead

Farmers have already slaughtered at least 100 million young chickens because travel restrictions imposed to control the spread of the coronavirus have blocked shipments of animal feed.

Mar 22 10:27

A Vicious Disease Is Wiping Out China’s Pig Population

Of all the 900 million pigs being raised on farms around the world today, more than 400 million are in China. Pork is so central to the Chinese diet — especially as the country has grown wealthier — that menus there often list pork as simply “meat,” and the amount of pork eaten in China exceeds all the meat Americans consume annually. Now, a global epidemic called African swine fever (ASF) is wreaking havoc in China — the country that produces and consumes the most pork in the world.

Mar 22 08:09

Data from China shows the majority of people with Covid-19 only suffer mild symptoms, then recover

(CNN)Most people who contract the novel coronavirus experience mild symptoms, according to data from China, where the worst of the epidemic now appears to be over.

Mar 22 08:05

Does the Coronavirus Pandemic Serve a Global Agenda?

For those who follow the global immunization agenda and its implementation on different continents, the announcement of a new pandemic didn’t come as a surprise. “Pandemic preparedness” has been well-funded and a buzz word for a long time before becoming a priority at the last G7 summits, the Davos World Economic Forum and other meetings of global governance. The latest simulation for preparedness was Event 201,[1] a rehearsal of a coronavirus pandemic organized on October 18, 2019 in New York by Johns Hopkins University, the Gates Foundation and the World Economic Forum.

Mar 22 08:03

Are You Ready To Have Your Civil Liberties Severely Restricted? Because That Is Where This Thing Is Headed…

One of the things that sets the United States apart from the rest of the world is that we are supposed to have certain civil liberties guaranteed to us by the U.S. Constitution. Of course the U.S. Constitution has been absolutely trampled on by many of our leaders for decades, but most Americans still deeply cherish the basic rights which are enshrined in our founding document. Unfortunately, many of our politicians are convinced that all of those rights can be taken away during a “national emergency”, and these days the bar for declaring a “national emergency” has been set very low.

Mar 22 07:53

Coronavirus death rates in South Korea reinforce a frightening pattern of how the disease affects older people

The report counts a total of 7,755 cases through March 11 and 60 deaths, for a total death rate of 0.77%. That is far lower than the reported death rates in several other countries. A major factor in that lower death rate could be the country's extremely thorough coronavirus-testing policies: Many milder cases included in South Korea's overall count might not be noticed in countries like the US, where testing is more sparse.

While South Korea reported 2,718 cases among patients under 30 as of March 11, there were zero deaths from COVID-19 among those younger patients. Only one patient between the ages of 30 and 39 had died, and only one patient in their 40s died.

Mar 22 07:49

Milan Italy Was Overwhelmed With Viral Lung Infections as Recently as 2018 Without Feeding a Global Hysteria

One thing that is clear is that SARS-CoV-2 is a mild virus that is extremely unlikely to kill you if you become infected (see 1,2,3). Another thing which is clear is that there is no excess mortality to indicate this influenza-pneumonia-coronavirus season has been particularly bad and that SARS-CoV-2 is, therefore, killing more people than whatever coronavirus it mutated from (see 1,2). Its only remaining claim to be a greater threat than what we deal with every year without governments subjecting us to house arrest is that it has the ability to overwhelm hospitals and force doctors to ration care as is happening now in Milan and happened before in Wuhan. Well here follows a (machine-translated) report from 2018 which makes it clear the intensive care capacity of a modern European metropolis was overwhelmed just two years ago — that metropolis just happens to be Milan.

Mar 22 07:46

This Is What You Can Do to Protect Yourself From the Mild Threat That Is Covid-19 Coronavirus

The people of the Pacific Northwest were out in the Sun yesterday. Hiking,biking,motorcycling,fishing boating and heading every which way in their RV's,for the mountains,lakes and rivers. The bikers were out in groups of 50 to 60.

Recognize these viral epidemics come in winter when vitamin D levels are low. As a fatty vitamin, your liver should have 3 months of vitamin D stored, but probably doesn’t.

The viruses were always there but erupt when sunshine vitamin D blood serum levels are low. SO GO OUTSIDE, MIDDAY, AND GET SOME SUNSHINE ON YOUR SKIN to produce natural vitamin D. Expose arms, legs, face. Quarantines deprive people of sunshine vitamin D.

Supplement with 8000 units vitamin D3 daily (kids 2000+ units); if ill – – > take 50,000 units vitamin D3 for 3-5 days; then 8000 units daily. This is not an overdose as physicians inject 300,000 units vitamin D for wintertime storage in your liver.

Mar 22 07:32

Two Ways the Coronavirus Can Take Us

Mar 22 07:07

Devastation In the Oil Field

Mar 22 05:26

Biggest Recession Since The Great Depression?

Mar 22 04:12

Spot the bubble before it bursts

Mar 22 04:04

Confirmed: Fed Bailed Out Hedge Funds Facing Basis Trade Disaster

Back in December, when the world was still confused about what exactly happened before (and after) the September repocalypse - which has since exploded thousand-fold resulting in the Fed now doing daily $1 Trillion repo operations - we said that in addition to the implicit bailout of JPM (which we described here first, and subsequently others), by restarting its repo operations the Fed was also bailing out dozens of hedge funds engaging in highly levered trades involving a relative value compression trade in the Treasury cash/swap basis... almost identical to what LTCM was doing ahead of its 1998 bailout, which is also why we titled the article "The Fed Was Suddenly Facing Multiple LTCMs."

In a nutshell, the article explained why and how the return of the Fed's repo ops was nothing more than the Fed preemptively bailing out all those hedge funds that would have imploded had basis trades gone haywire. Below is a key excerpt from that post:

Mar 21 23:06

The Coming War On China (China Documentary) | History Documentary | Reel Truth History

The Coming War on China, from award winning journalist John Pilger, reveals what the news doesn’t – that the world’s greatest military power, the United States, and the world’s second economic power, China, both nuclear-armed, may well be on the road to war.

Nuclear war is not only imaginable, but planned. The greatest build-up of NATO military forces since the Second World War is under way on the western borders of Russia. On the other side of the world, the rise of China is viewed in Washington as a threat to American dominance.

Mar 21 21:57

The drive-in theater, relic of yesterday, surges in popularity because of the coronavirus

By The Associated Press

NEW YORK (AP) — The drive-in theater, long a dwindling nostalgia act in a multiplex world, is experiencing a momentary return to prominence.

Mar 21 21:55

The Great Recession Destroyed My Life. Fear Over the Coronavirus Won’t

The great recession destroyed my life.

Over just a few weeks in late 2008, the small business that I’d worked for years to build was crushed and forced to close. My full-time job in telecommunications was gutted and my salary was cut in half.

Bills were going late, collections agents were calling. I gained 30 pounds thanks to stress and entered a deep depression. It was as if the whole world I’d built for myself and my wife for over a decade had been swept away in less than a month.

And then came the fear. Paralyzing, crushing fear.

Mar 21 21:14

At least someone’s doing well: Goldman Sachs gives CEO 20% raise as it forecasts crash for America

Even as the US stock market continued its free-fall due to the coronavirus pandemic, the top banker at Goldman Sachs got a pay raise of $2 million a year, a $7.65 million cash bonus, plus stock options worth $17.85 million.

David Solomon “led our development of the firm’s three-year business plan and a clear long-term strategy that leverages our foundational advantages, enhances the firm’s long-term mindset and instills a culture of innovation,” Goldman said in a federal filing disclosing the compensation.

Mar 21 18:49

COVID-19 SHOW ME YOUR PAPERS...NOW!


With further developments in this world of restrictive movement and total control of individuals. I don't wish to be accused of scaremongering but facts are facts and given the current restrictions for a pandemic that does not exist except in the media-driven fear-mongering world many advantages can be had and none of them for you and me.
The media is in full fear swing and heaven forbid anyone should show the seasonal flue numbers as a comparison to the world's biggest false flag.
Of course, people are dying from the flu, they die every year but to latch onto the current and systematic effort at creating panic and economic mayhem is something not even Orwell could have anticipated. However, he did anticipate the results and I am now going to show you some of them...

Mar 21 15:13

The lesson US shale refuses to learn

In 2014, shale drillers were pushed to the brink of oblivion by low oil prices, and today with prices nearing similar levels it seems the sector has not learned its lesson.

It feels like 2014 for the oil industry all over again, except this time, things could get even worse. Most US shale wells have a breakeven well above today’s current oil prices. The result will be that the shale industry in the United States will be hit - and hard. Why is US shale not prepared for this low-price environment?

If someone would have conducted a survey among US shale producers about whether they expected the price of oil to sink below $30 a barrel just five years after the last crash, most of them likely would have said “no way”. But this is today’s ugly reality:

Mar 21 12:56

COVID-19: WELCOME TO THE NEW DARK AGES

The response by the government to COVID-19 will turn America into a third world country in short order. Destroying the economy, throwing millions of people out of work, creating air money and thus inflation, and draconian measures to head off a virus that kills far less than the ordinary flu will have serious and unprecedented ramifications.

Mar 21 11:15

Banks are going down!

Can't find out how much is in my account and limited to $250 purchases. Bank says this problem is nation wide!

Mar 21 09:47

Panic Pandemic – Why Are People Who Should Know Better Buying the Controlavirus Hype?

Editor’s note: Good stuff from the Off Guardian. I agree, one of the more disappointing things about this hysteria has been seeing parts of the alt-media buy into it. And I’m not even talking about views on how bad the disease is. We can have an honest disagreement about that, that’s fine. But however much of a threat you think this virus is, should you really go from being a dissident one day to demanding government mandated-lockdowns of entire populations the next?

I think not, I think even if you think this is the worst thing since the Spanish Flu you should still retain a measure of skepticism as relates to government incentives, intentions, and competence.

Mar 21 08:19

Tesla, the WTF Chart of the Year

Mar 21 05:46

Belgian Gov't Expects 1 Million People to Lose Jobs Due to Coronavirus – Reports

The Belgian government is preparing for an unemployment spike with some one million people losing jobs as a result of the economic crisis triggered by the coronavirus pandemic, Belgian media reported, citing Minister of Employment Nathalie Muylle.

The Sudinfo news outlet said that half a million people have already lost jobs and an approximate one million Belgians in total might end up unemployed as the nation struggles to curb the spread of the coronavirus.

Many companies went out of business temporarily as part of an effort to contain the pandemic, prompting a sharp upward increase of unemployment rates. The Belgian government in this regard has pledged to facilitate unemployment application procedures.

Mar 21 05:39

Germany to block foreign takeovers, protect domestic companies – top politicians

Germany will protect domestic firms from foreign takeovers, two leading politicians said on Friday, after company valuations in Europe’s largest economy have been hammered by the coronavirus pandemic. Ministers have already promised liquidity support to businesses, and introduced measures making it easier to reduce working hours rather than lay off workers.

Germany’s blue-chip DAX index, which comprises the country’s 30 largest listed corporations, has plunged by more than a third over the past month. This has increased the risk of foreign companies snapping up rivals at a discount.

“We will avoid a sell-out of German economic and industrial concerns. There cannot be any taboos. Temporary and limited state support as well as participation and takeovers need to be possible,” Economy Minister Peter Altmaier said.

Mar 21 05:18

Army to deploy to New York after Trump declares major disaster: Troops to turn hotels and sports arenas into hospitals as lines form outside hospitals, ventilators run low and one person an hour dies in pandemic in NYC

President Trump declared New York State a major disaster area Friday as coronavirus cases skyrocket
The declaration allows New York State to access federal aid via FEMA's $42billion Disaster Relief Fund
The US military is now working on plans to takeover hotels, college dormitories and sports arenas and turn them into ICU-like medical facilities
The emergency declaration comes as New York State and city hospitals run out of face masks and ventilators
In New York City, 14 people died between 10am and 6pm Friday - the equivalent of one person an hour
Trump's declaration was issued Friday night, four days after New York's Governor Andrew Cuomo asked for it
This is the first time in US history a president has declared a major disaster over a public health threat

Donald Trump has declared New York State a major disaster area as the number of confirmed coronavirus cases skyrockets and New York City becomes the epicenter of the US outbreak.

Webmaster's Commentary: 

OK, even though mathematics and music are supposed to be very close, spatially, in the human brain, that is not the case for me, so I will go to my trusty cell-phone calculator to run the numbers on this, and will run them a couple of times, just to make sure I haven't messed up.

So, if one divides the 246 deaths diagnosed in the US from Covid 19 (246) into the total number of known cases of Covid 19 cases in the US(19, 624 cases), the number I have come up with, several times, is the following percentage: 1.2%.

To my math-centric friends out there, please repeat this for me, to insure that I have done it correctly.

So what, I was curious, were the deaths from garden-variety influenzas from last year?!?

We get some clue from the following article, from cidrap, (Center for Infectious Disease Research & Policy, dated 19 April, 2019, out of the University of Minnesota:

US flu still elevated but dropping; deaths as high as 57,000

This article goes on to state: "Levels of influenza-like illness (ILI) in the United States remain elevated for the 21st consecutive week—the longest season in recent years—but the disease is on the decline, the Centers for Disease Control and Prevention (CDC) said today in its weekly update.

Still, the agency says influenza has caused up to 57,300 deaths and sickened up to 41.3 million people, according to new estimates. And the CDC reported five new flu-related deaths in children, raising the total confirmed this season to 91."

So, again, let's do the math: 57,300 deaths, divided by 41.3 million sickened, gives us a percentage of .138%

Now, I am not trying to downplay how serious covid 19 can be, ut I have to wonder; where was the massive medical/military response to last year's flus?!?

The short answer is, nowhere; this leads me to speculate, if these current "shut downs, coupled with military complement and confinement, are not a "dress rehearsal" for some kind of national "martial law" to be invoked, should social instability, resulting from a massive economic depression, (which is almost upon us), actually ensue?!?

Right now, were I a betting woman, I would not bet against it.

Mar 21 04:18

SILVER & GOLD PRICES HAVE DISCONNECTED FROM “SPOT” PRICE WHICH IS CONTRIVED FROM THE PAPER GOLD & SILVER MARKET!

At this writing, gold is getting a 12% Premium over “spot”, and silver a 45% premium over “spot” (the historic and traditional premium is 3 – 4%). The manipulators have lost control of the market! In the last couple of weeks, the Federal Reserve and their too big to fail member banks sold gold short to the tune of tens of billions of dollars! Selling short means they made a paper bet on paper gold that it would go down in the future. That was a bad bet on their part, and it’s worked in the past, but now it’s out of their control!

Mar 21 04:10

Distressed Debt In The US Doubles In 2 Weeks To $500BN As BofA Expects Surge In Defaults

Last week, in the aftermath of the historic oil price collapse, we warned that the long-awaited "fallen angel" day has arrived, as $140 billion in oil producer (and up to $360 if one includes the mid-stream companies) investment grade debt was on the verge of being downgraded to junk and throwing the entire high yield market in turmoil.

Fast forward to today when Bloomberg calculates that since we published out article, the amount of distressed debt - a term that describes borrowings likely to default - in the U.S. alone has doubled to a half-trillion dollars as the collapse of oil prices and the fallout from the coronavirus shutters entire industries.

Mar 21 04:09

Never let a crisis go to waste: US lawmakers bask in coronavirus panic while quietly building the police state of their dreams

By Helen Buyniski, RT

As the coronavirus epidemic monopolizes the attention of the American people, government is taking the opportunity to sneak through all manner of restrictive legislation, including a law that could end the internet as we know it.
Killing the internet… to save the children?

The ominously-named EARN IT Act (short for “Eliminating Abusive and Rampant Neglect of Interactive Technologies Act”) that quietly debuted in the Senate earlier this month is a carefully crafted weapon for crushing encryption without explicitly banning, industry professionals have warned. While this particular bill purports to be all about ending child sexual exploitation, the industry is concerned it will make their business model unsustainable - while doing nothing to protect children.

Mar 21 04:08

Historic Day: Fed To Buy A Record $107 Billion In Securities Today Alone As Fed Balance Sheet Explodes

Back in December we predicted that at the rate "Not QE" (RIP) was going, the Fed balance sheet would surpass it all time high by late April. It turns out that we were overly optimistic: with the Fed relaunching QE over the weekend as part of what is now global helicopter money, it announced plans to purchase $700BN in Treasury securities and expanding it to MBS earlier this week. However, that was not enough, and in the past week the Fed scrambled to stabilize the Treasury market buying TSYs feverishly hands over fist in addition to soaking up as much securities as Dealers had in its repo facilities, and as of this moment the Fed's balance sheet has soared to a new all time high of $4.668 trillion.

Mar 21 04:07

14 Million Americans Have Been Laid Off So Far Due To COVID-19

A staggering 9% of working Americans, or 14 million people, have been laid off as a result of the Chinese coronavirus panic, while 25% of workers have had their hours reduced according to extrapolated polling by Survey USA.

Mar 21 04:07

Putin Won't Blink First: Putin Rejects Potential US 'Intervention' In Russia-Saudi Oil War

"We do not think that anyone should intervene in these relations," the Russian presidency's office stated Friday of its "good relationship" and "partnership" with the Saudis, hitting back at Trump's comments on the emerging oil-price war. Yesterday President Trump described the Saudi-Russia oil price war as "very bad" for Saudi Arabia but ultimately "devastating" to Russia, but with the consolation of lower prices at the pump for American consumers.

Trump assured the public that “we have a lot of power over the situation,” adding that that Washington will attempt mediate the dispute “at the appropriate time.” This after US oil prices collapsed by a staggering 24% Wednesday to just $20, before clawing back Thursday afternoon and into Friday morning to $25 on Trump's comments and especially reports that the US will buy up to 30 million barrels of crude for its emergency stockpile by the end of June.

Mar 21 04:05

US hopes both sanctions & Covid-19 in Iran will force regime change. But it’s a MASS MURDER that will only strengthen Tehran govt

Scott Ritter
is a former US Marine Corps intelligence officer. He served in the Soviet Union as an inspector implementing the INF Treaty, in General Schwarzkopf’s staff during the Gulf War, and from 1991-1998 as a UN weapons inspector. Follow him on Twitter @RealScottRitter

Iran is facing an existential crisis, brought on by a combination of economic, political and social emergencies which, when combined, threaten to bring the nation to its knees. The United States has, over the years, sought to destabilize Iran in hopes that it would collapse from within, clearing the way for a new pro-Western government. The current ‘maximum pressure’ campaign, built around stringent economic sanctions targeting virtually every aspect of the Iranian economy, is designed to not only bring Iran to the negotiating table, but to drive its leadership from power.

Webmaster's Commentary: 

Just because something is the most ham-fistedly, pig-headedly stupid thing the Us government could possibly do, is utterly no guarantee that it will not do just that thing; the current policy on Iran, is demonstration of that, in spades.

Mar 21 03:59

At least someone’s doing well: Goldman Sachs gives CEO 20% raise as it forecasts crash for America

Even as the US stock market continued its free-fall due to the coronavirus pandemic, the top banker at Goldman Sachs got a pay raise of $2 million a year, a $7.65 million cash bonus, plus stock options worth $17.85 million.

David Solomon “led our development of the firm’s three-year business plan and a clear long-term strategy that leverages our foundational advantages, enhances the firm’s long-term mindset and instills a culture of innovation,” Goldman said in a federal filing disclosing the compensation.

Webmaster's Commentary: 

From the WRH Department of Irony, the "You can't make this sh*t up!!" Division.

Mar 21 03:57

Norway Loses One-Fifth of Its Oil Wealth as Krone Collapses, Analysts Say

According to experts' calculations, Norway's Oil Fund has decreased in value by 23 percent since New Year, suffering the "biggest drop" in its decades-long history.

Norway's Oil Fund has taken a serious dent amid plummeting oil prices and an ongoing fall of the krone, broadcaster NRK reported.

Despite the Oil Fund currently being listed as worth NOK 300 billion more than at the turn of the year, this is merely an illusion, as none of its assets are in kroner, experts estimated.

“Rarely have developments been more misleading than now. In reality, we have lost more than one fifth of our oil wealth”, Nordea investment director Robert Næss told NRK.

Mar 21 03:51

Lockdowns, curfews. Troops on the streets. Governments handing out free cash. This utter madness was entirely avoidable

What happens when governments confuse worst-case scenarios with reality? They transform a health crisis into a social crisis and an economic tsunami, with consequences more severe than the virus could produce in the first place.

As I write, hundreds of thousands of people across Europe and the world have already lost their jobs, in the leisure and entertainment sectors in particular. As sector after sector is impacted by global lockdowns, mass unemployment is not a possibility, it is definite. And the social costs are going to be severe. How severe no one really knows. But past experiences show that when people lose jobs, they can also lose homes, their marriages, their health – and our social fabric is pulled apart.

However, we should be careful not to obsess with trying to second-guess what the huge costs to society will be of the panic. Otherwise there is a danger of one form of apocalyptic scaremongering being replaced by another.

Mar 21 03:51

Russia's gold & near-zero debt give it best chance of thriving in post-coronavirus apocalypse – Max Keiser

The coronavirus pandemic has popped a quadrillion-dollar financial bubble and we can expect a very deep and prolonged period of adjustment, RT's veteran business commentator Max Keiser believes.

The financial crisis, which many believe we have just entered, stems from the times of Ronald Reagan and Margaret Thatcher, with the establishment of 'neoliberal' policies "that enriched bankers and destroyed workers by giving bankers free reign to borrow and speculate without oversight or accountability," Keiser told RT. Now, governments will have to adjust to a new reality, and having a low debt and massive reserves could be the trump card, according to the former Wall Street stockbroker.

"Russia has the best hand at the geopolitical poker table. The Kremlin, for 20 years, has been doing the opposite of everyone else by reducing their national debt to near zero, and buying thousands of tons of gold while simultaneously raising living standards," he said.

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