China making trillion dollar moves to attract financial institutions harmed by the economic fallout tells you everything you need to know. Always judge actions, not words, as they are trying to create dependence they will exploit in the decades to come.

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by kafkagoeswest This Yahoo Finance article caught my eye: In it, the author Lulu Yilun Chen (A Bloomberg news China reporter), starts with an interesting graph (below). In the less than a decade, China will have grown from less than 5 trillion dollars in asset management (2013), to 30 trillion… ABSOLUTELY UNHEARD OF HISTORICAL GROWTH. … Read more

Cuomo: “…a declaration of war on states”

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Source: https://www.redstate.com/alexparker/2020/03/28/andrew-cuomo-donald-trump-quarantine-cnn-declaration-of-war-coronavirus/ Note: I had multiple sources, but the link above happened to have everything I needed on it. Here’s a very simple sequence of events. POTUS says, “Hey, maybe I’ll put a federal quarantine around New England.” Cuomo says something vaguely threatening. Trump backs down, backs off, cancels the quarantine. What does it mean? I’ll … Read more

What Happens as State and Local Tax Revenues Crater?

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by Charles Hugh-Smith We can anticipate a federal bailout of pension funds and one-time aid to state and local governments, but bailouts won’t repair the eroding foundations of tax revenues. As we all know, the federal government can “print” money but state, county and city governments cannot. The Treasury can sell bonds to fund deficit spending, … Read more

Corruption in the Time of Coronavirus

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Now even the fig leaf is gone.  By Karen Parker Feld, The Irreverent Economist at Paladin Advisors: On March 23, the Fed announced its largest-ever intervention in the financial markets. Bazooka is too timid a word to describe it. More like a neutron bomb. Our central bank, supposed defender of the currency and the stability of markets, can now … Read more

The Economic Depression Of 2020: Many Of The Restaurants, Bars And Retailers That Have Closed Will Never Open Again

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by Michael Snyder It appears that we are heading into the worst economic downturn of the post-World War II era, and that is going to be true no matter how this coronavirus pandemic ultimately plays out.  There are some that believe that this virus will only kill thousands, and there are others that are warning … Read more

WHO is incompetent by design?

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by DCG As you know, the World Health Organization (WHO) is an agency of the useless United Nations. Completely useless, both of them in my opinion. China has LIED to WHO and they, in turn, have LIED to the world: I’ve seen many theories online as to how China controls WHO. See an example on … Read more

Comrade Deblasio Tears Up First Amendment In NYC

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Religious congregations are warned that failing to heed his orders could result in their buildings being permanently shuttered: THE LEFTISTS ARE not letting an opportunity go to waste. They’re trying to see what we will tolerate. Pushing the borders of gov’t authority.     h/t Mark

PROGRESS: FDA issues emergency authorization of anti-malaria drug for coronavirus care.

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Politico says there’s “scant evidence,” but that’s ignoring multiple French studies. It’s journalistic malpractice — which is to say, journalism as usual in the age of Trump — to pretend that there’s “scant evidence.” Politico’s Dan Diamond doesn’t even mention the French studies. Related: Italy and France are now prescribing hydroxychloroquine and chloroquine as treatments for coronavirus patients. Politico’s … Read more

Lockdown in Australia, $1000 and 6 months jail fines for people breaking the 2 person in public rule.

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via news.com.au While hairdressers and barber shopsunder current restrictions will remain open with up to 30 minute appointments, and the one person per 4 square metre rules applied, in the UK, hairdressers have been closed completely. And while Australians are still able to buy a T-shirt at a clothes store, or pop into Kmart for a scented … Read more

Jan 31 – Pelosi Cries Discrimination Over POTUS Travel Ban. Chuck Schumer Made A Similar Statement.

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The Trump Admin’s expansion of its un-American travel ban is a threat to our security, our values and the rule of law. Barring more than 350 million people from predominantly African countries from traveling to the US, this rule is discrimination disguised as policy. — Nancy Pelosi (@SpeakerPelosi) February 1, 2020 https://tweetsave.com/speakerpelosi/status/1223414098614018057 : Nancy Pelosi on … Read more

At least 8 strains of the coronavirus are spreading across the globe

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Scientists have identified at least eight strains of coronavirus as the bug wreaks havoc spreading across the globe. More than 2,000 genetic sequences of the virus have been submitted from labs to the open database NextStain, which shows it mutating on maps in realtime, according to the site. Researchers said the data, which includes samples every continent … Read more

GOLDMAN: “.. we believe it is likely that the market will turn lower in coming weeks, and caution short-term investors against chasing this rally.”

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History shows bear markets “are often punctuated by sharp bounces before resuming their downward trajectory.” (Kostin) GOLDMAN: “.. we believe it is likely that the market will turn lower in coming weeks, and caution short-term investors against chasing this rally.” History shows bear markets “are often punctuated by sharp bounces before resuming their downward trajectory.” … Read more

Where is the VIX going?

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by formerbuck Retraced back to mid 50’s, gathering momentum needed to break ATHs. Thoughts: Leading up to this past week, it appeared the VIX was in a corrective wave 4 down to the low 50s (which was hit on 3/24) and it appears it will make its final wave 5 over a period of time. … Read more