Large power outage currently ongoing in Venezuela. Most of Caracas is currently without power.

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Confirmed: A power outage has knocked out internet connectivity in multiple states of #Venezuela from 3:40 p.m. local time; real-time network data show significant impact with national connectivity down to ~60% of ordinary levels; incident ongoing #5May #Apagón #SinLuz 🔌 pic.twitter.com/B5mUjyB4Lh — NetBlocks (@netblocks) May 5, 2020 Third time’s the charm? The Invasion of Venezuela, … Read more

First ‘Socially-Distanced’ Concert to Take Place in Arkansas Next Week

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It looks like Missouri isn’t the only state ready to reopen its concert business. Neighboring Arkansas will join the Show-Me State in allowing live music to resume. On Monday, Gov. Asa Hutchinson announced that live music venues could reopen on May 18. Travis McCready, the singer of the country-rock band Bishop Gunn, will be performing what’s billed as an “intimate acoustic set” … Read more

Economic Timing, Everything Is About To Change, Watch The Main Street Economy

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https://www.youtube.com/watch?v=Fq0lIIRDfqM The entire economic system is coming back online, states, businesses are now opening up slowly. We are starting to see everything reverse, this will pickup pace when more states and businesses open up. Oil prices moving up from their low, we are seeing other indictors that are looking good. Trump is now making a … Read more

Real economy in meltdown! And we have new ATH in valuations! THIS. IS. INSANITY.

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Real economy in meltdown! And we have new ATH in valuations! THIS. IS. INSANITY. pic.twitter.com/dNhMHCgtXk — Henrik Zeberg (@HenrikZeberg) May 6, 2020 "This market is divorced from reality,,,there's such a strong bid to this market – particularly in the overnight futures trading – it just doesn't make any sense." –CALSTRS CIO Ailman — Dave Collum … Read more

Charlie Munger: “Amazon has more to fear from Costco than Costco has to fear from Amazon. Because [Costco has] a better warehouse situation that is much cheaper- plus a public that totally believes that anything they sell will be high quality and low price.”

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2/ Charlie Munger: "they're coming late to any sort of delivery system. But in the end they’ll be more efficient and they’re already more trusted. So I would say all the figures show that Costco has nothing to fear from Amazon." — Tren Griffin (@trengriffin) May 6, 2020

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

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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

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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

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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?’

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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!

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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

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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

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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

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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

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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