NATIONAL GUARD to BE DEPLOYED in U.S.

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National Guard activated to combat coronavirus spread in six states, more to follow Dylan Gresik Meanwhile, the National Guard said it would deploy 1,000 troops in six states — Florida, Iowa, Louisiana, New York, Rhode Island and Washington — by the end of the day Friday https://www.militarytimes.com/news/coronavirus/2020/03/13/national-guard-activated-to-combat-coronavirus-spread-in-six-states-more-to-follow/ https://www.foxnews.com/   NG

Not Just For Italy. Socialism Kills — Both Varieties, National And International — Fast Or Slow, Soft Or Hard, But It Always Kills

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Makes me think of what Heinlein said, from memory: “Stupidity is the only capital crime. The punishment is always death. There is no appeal.” For Italy, multilateral globalism, plus socialism, equals death. Italy’s in dire need of help. Its health care system is collapsing. The coronavirus has put the whole country in quarantine. There are … Read more

THE DESIRE NAMED STREETCAR: California bullet train project employees told to ‘shut up’ about project woes: report.

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Watch the latest video at foxnews.com via foxnews Employees at the lead consulting firm for the struggling California bullet train project were told to “shut up” and threatened with termination if they talked about the costly infrastructure project, according to a report this week. “I was told to shut up and not say anything,” Mark Styles, who worked … Read more

Ask yourself why the media called it the Wuhan virus until the moment the Chinese government began their big propaganda push, then it instantly became racist. Our media is much, much worse than just biased.

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AGENTS OF INFLUENCE: https://twitter.com/PartymanRandy/status/1238447327360278532 Related: here is yet another NYT columnist repeating the Chinese propaganda line. Please stop doing this. pic.twitter.com/HbXGHyr7DL — PoIiMath (@politicalmath) March 13, 2020 Also: REMINDER: We should be hammering the hell out of China for their culpability in creating this pandemic, to say nothing of their disgusting attempts to push untruthful propaganda … Read more

Student Loan Interest Waived, Going to Buy Oil

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Trump to buy oil for strategic reserve to aid energy industry: ‘We’re going to fill it’ President Donald Trump on Friday said he’s directed the U.S. Department of Energy to purchase crude oil for the Strategic Petroleum Reserve. The move was made in an effort to assist U.S. energy producers, which have been battered this … Read more

No One Knows How the Coronavirus Will Impact Canadian Real Estate, But Here Are My Thoughts

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How will Canadians service $1.56 trillion in mortgage debt plus other debts such as credit cards? What about tenants who can’t pay their rent? By Steve Saretsky, Vancouver Residential Realtor, Stevesaretsky.com: We live in interesting times. I have been fielding a lot of questions regarding the market turmoil and what it may mean for the Canadian … Read more

VIDEO: “Police in northeast Spain implement coronavirus lockdown in area with nearly 70,000 residents; people are not allowed to leave”

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VIDEO: “Police in northeast Spain implement coronavirus lockdown in area with nearly 70,000 residents; people can enter but are not allowed to leave” WATCH: Police in northeast Spain implement coronavirus lockdown in area with nearly 70,000 residents; people can enter but are not allowed to leave pic.twitter.com/dx4qmspmyT — BNO News (@BNOFeed) March 13, 2020

The market was at 27,960 when chief White House economic advisor Larry Kudlow suggested that people “buy the dip.”

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The market was at 27,960 when chief White House economic advisor @larry_kudlow suggested that people “buy the dip.” Anyone who listened has lost 26% in 3 weeks. https://t.co/ikyJQNRpQG https://t.co/7sLcBYkkUp — Tim Miller (@Timodc) March 12, 2020 Anyone that listened to Kudlow has lost nearly 25% since then.   h/t builder

TWO CNNs IN ONE!

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● Shot: Don Lemon Goes Absolutely Insane on John Kasich for Refusing to Bash Trump’s Wuhan Virus Address. —Red State, today. ● Chaser: Tapper Fears Dem Voters Are ‘Bunch of Rachel Maddows and Chris Hayess.’ “Wonder why Tapper didn’t call Democratic voters ‘a bunch of Chris Cuomos and Don Lemons?’” —NewsBusters, yesterday. gee… who was president back then? h/t ED

Some big institution out there is getting margin called. Dealers are telling me they badly want the $1T in repos, but can’t take it.

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https://twitter.com/HedgeyeDDale/status/1238460537756946440 Dealers are telling me they badly want the $1T in repos, but can't take it. Post-crisis rules, among so many different regulators (Basel 3, Fed, OCC, FDIC, etc) make it nearly impossible for them to take the money. They are telling the Fed their problems. The Fed had no clue. — Jim Bianco (@biancoresearch) … Read more

As far as the stock market is concerned, the world’s publicly quoted companies are worth no more now than they were more than 12 years ago on Halloween 2007 just before the big selloff of the GFC.

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As far as the stock market is concerned, the world’s publicly quoted companies are worth no more now than they were more than 12 years ago on Halloween 2007 just before the big selloff of the GFC. @johnauthers https://t.co/D7oCTdEipG pic.twitter.com/vqJ7lFjsrK — Adam Tooze (@adam_tooze) March 13, 2020  

Someone finally connects the dots between market disruption & economics of disaster as Treasury Secretary is working with Pelosi on a pandemic bill for free testing, required sick pay & etc.

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by rhetorical_twix Maybe movement from leadership on some of these concerns will help with personal panic that might be showing up in the markets and might provide some relief to investors. The fact that it’s the Treasury Secretary working with Pelosi demonstrates that they do connect what’s happening in the market to some need for … Read more