When central banks buy a security, they pay it with money they create out of thin air. There is more money in circulation, BUT NOT MORE GOODS AND SERVICES. That’s how they debase the currency, lower its purchasing power, and make you poorer.

by

Proof that there is always some politician who has integrity & is honest for the sake of the people. Great 2C he knows about fiat money. When central banks buy a security, they pay it with money they create out of thin air. There is more money in circulation, BUT NOT MORE GOODS AND SERVICES. … Read more

What the stimulus can actually do to the economy

by

by coffee-trader The stimulus is roughly the size of 5 weeks of GDP. The efficacy, however, is limited. A few reasons: It doesn’t restore investment and consumer confidence to pre virus levels. Most of it will be used to barely get by or as s precautionary savings It is not as timely an efficiently assigned … Read more

NBC and CNN producers say they’re through airing Trump’s virus pressers. “We might take it from the top and then cut away after the first lie, and return when the lies stop.”

by

https://twitter.com/NoahShachtman/status/1242928863010848768 Uh no, Its because the left cant spin what he says if its live and his poll numbers keep going up. The fascist left can’t have that Trump Roasts Media to Their Faces During Coronavirus Briefing: ‘People in Your Profession Write Fake News, You Do, She Does…’     AC

SNITCH NATION: If you see people violating our shelter-in-place order, call the cops, Newark says

by

Newark police will start to use loudspeakers to move people off streets when they see residents violating a statewide stay-at-home order that was put in place to stop the spread of coronavirus. Newark Mayor Ras Baraka in an announcement Wednesday stopped short of saying police would arrest residents who violate the city’s “shelter-in-place” order. But, … Read more

Anti-aging game changer: Scientists successfully ‘reset’ cells from 114yo ‘supercentenarian’

by

via RT For years, scientists have sought to understand the mystery behind supercentenarians, or people who live more than 110 years. Now, researchers have overcome the first obstacle in cracking the secret code of long, healthy life. For some as yet unknown reason, supercentenarians are resistant to diseases such as Alzheimer’s, heart disease and cancer. … Read more

Major Credit Agency Cuts Russia’s Economic Forecast As The Oil Price War Rages

by

By Tsvetana Paraskova Fiscal buffers and improved policy response will not materially weaken Russia’s credit profile at a time of low oil prices, Moody’s said in a new report, although it cut its estimate for Russia’s economic growth this year on the back of the slumping oil prices and the coronavirus-driven economic slowdown. Moody’s revised down on Wednesday … Read more

Heads Up! They Begin Tracking Peoples Movement In US and Using Social Distance Report Card

by

https://www.youtube.com/watch?v=7x91E29GEVQ We warned of them talking about this and even rolling this out in other countries. But now its here… Learn More: http://undergroundworldnews.com/2020/03/26/heads-up-they-begin-tracking-peoples-movement-in-us-and-using-social-distance-report-card/ https://www.youtube.com/watch?v=Ggo-iin2C6M Earlier, Los Angeles County Sheriff Alex Villanueva ordered all gun stores closed (fearing that too many first-time gun-owners were getting access to weapons), and now LA Mayor Eric Garcetti lashed out … Read more

Reuters: Reopened factories in China laying off workers due to cancelled orders

by

https://www.reuters.com/article/us-health-coronavirus-china-manufacturin/chinas-factories-reopen-only-to-fire-workers-as-virus-shreds-global-trade-idUSKBN21D0IG “The unprecedented shutdown of normal economic activity across Europe, the U.S. and a growing number of emerging markets is certain to cause a dramatic contraction in Chinese exports, probably in the range of a 20-45% year-on-year drop in the second quarter,” said Thomas Gatley, senior analyst at research firm Gavekal Dragonomics. Economists had initially … Read more