FORCED MISALLOCATION: The Fed is propping up companies it had warned banks not to touch

FORCED MISALLOCATION The Fed is propping up companies it had warned banks not to touch https://t.co/ldmmIBMCiP — Win Smart, CFA (@WinfieldSmart) May 5, 2020 For years, the Federal Reserve warned that too many highly risky companies were engaging in fuzzy accounting that bumped up their earnings — making it easier for them to obtain loans. … Read more

Fed’s Clarida Says We’re Living Through The Most Severe Contraction In Activity And Surge In Unemployment We’ve Seen In Our Lifetimes – CNBC

FED'S CLARIDA SAYS WE’RE LIVING THROUGH THE MOST SEVERE CONTRACTION IN ACTIVITY AND SURGE IN UNEMPLOYMENT WE’VE SEEN IN OUR LIFETIMES – CNBC — *Walter Bloomberg (@DeItaone) May 5, 2020 https://twitter.com/Hipster_Trader/status/1257702221992480770 Tomorrow ADP will tell us that 20mm people lost their jobs last month and as the same time the NASDAQ is flat on the … Read more

Californians Refuse To Comply – Reopen Laguna Beach Themselves

by Facts-Over-Opinion https://youtu.be/fWKkM1p0ecs Another beautiful act of civil disobedience by the residents of California. Crazed Governor Gavin Newsom recently closed the beaches of Orange County in retaliation for the citizens daring to exercise their God-given inalienable Constitutional Rights. Their response was to simply ignore him and open up the beaches themselves. This is one of the … Read more

Service Industry Workers Making MORE While On Unemployment; ‘Why Come Back?’

BALTIMORE (WJZ) — For some workers in the service industry, it can make more sense for them to stay at home amid the coronavirus pandemic rather than go back to work since they are making more money now on unemployment. Out-of-work Americans welcomed the financial relief brought on by the Paycheck Protection Program when President Trump … Read more

Airline Will Guarantee Middle Seat Next To You Is Empty — For Extra $39!

DENVER (CBS4) – Now that the federal government’s social distancing guidelines have expired, Frontier Airlines is offering a new option for people who want a little more personal space. For an extra $39, the airline will make sure the seat next to you is empty. “Frontier Airlines passengers can now reserve a ‘More Room’ seat assignment … Read more

It’s Time to Get Excited About Gold

by John Mauldin The average Wall Street trader believes all kinds of crazy stuff. One long-running theory claims that the federal government has something called the Plunge Protection Team, or the PPT. If the market drops toward the end of the day, the PPT swoops in and rallies the market before it closes. Or, so the … Read more

Conspiring Together: Freudian slip by Trump appointee Dr. Birx during CNN interview reveals they are acting under the recommendations of Bill Gates

by ClarityofSignal Trump appointee Dr. Birx lets it slip on air that she takes direction from the Gates Foundation. https://www.youtube.com/watch?v=AH6ou7ul7FI&app=desktop&fbclid=IwAR2ajIBNX-fNl0pq_I6YKadngcTtU9TzSBDq1LdcboPVR0Ff6wk2B3FlYyg     Disclaimer: This is a guest post and it doesn’t necessarily represent the views of IWB.

China: Communist Party to monitor and censor Twitter, YT, and Facebook accounts of Chinese users

Chinese students and faculty better speak well of the CCP online on US websites! Are the western media sites going to be complicit in the censorship? Probably yes. How soon until the CCP is monitoring and censoring Western users on social media? **************** CCP to Monitor Postings on Foreign Self-Media Han Lianchao, a former employee … Read more

China experiencing 2 new virus outbreaks – one in northeastern and one in south

Second Wave of Virus Outbreak Spreads Further in Southern China Epoch Times A district in the southern Chinese city of Guangzhou announced more than 10 asymptomatic carriers of the CCP virus in recent days. A neighboring province and the nearby city of Shenzhen also reported new infections among people who came from Guangzhou, indicating the … Read more

UK: Here comes the squeeze – Government plans to reduce coronavirus furlough pay: what it could mean for businesses

The Government’s furlough scheme has been a lifeline for businesses and individuals during lockdown – but it can’t continue forever. Taxpayers are meeting the wages of 6.3 million people at a cost of around £8 billion. The Evening Standard has revealed the government’s now looking at ways to taper off the subsidy, starting with reducing … Read more

Russia And China Are Battling For Influence In Oil Rich Iraq

By Simon Watkins With the U.S.’s patience wearing thin on its dealings with neighbouring Iran, endemic corruption still prevalent in both the south of the country and in the northern semi-autonomous region of Kurdistan, and enduring political chaos with frequently-changing prime ministers popping up whilst the real power remains with firebrand cleric Moqtada al-Sadr, the last thing Iraq needed was … Read more

How much different in practice is Communist China’s state-controlled media from America’s “free” media?

PROPAGANDA: ‘Put on a mask and shut up’: China’s new ‘Wolf Warriors’ spread hoaxes and attack a world of critics. The newscast blares from a television set in a Beijing apartment, carrying through an open window and echoing across the compound. The refrain is the same every evening: praise for China’s handling of the coronavirus, dire … Read more

LOCKDOWNS FOR THEM BUT NOT FOR ME:

Exclusive: Government scientist Neil Ferguson resigns after breaking lockdown rules to meet his married lover: Prof Ferguson allowed the woman to visit him at home during the lockdown while lecturing the public on the need for strict social distancing. The scientist whose advice prompted Boris Johnson to lock down Britain resigned from his Government advisory … Read more