Jim Renacci: “The recent Coronavirus outbreak proves that President Trump was right… we need to move away from China and build resilient diversified supply chains.

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Particularly we must start manufacturing more goods back here in America! #AmericaFirst #MAGA” The recent Coronavirus outbreak proves that President Trump was right… we need to move away from China and build resilient diversified supply chains. Particularly we must start manufacturing more goods back here in America!#AmericaFirst #MAGA pic.twitter.com/AzzlElhBre — Jim Renacci (@JimRenacci) March 16, … Read more

DEMOCRATS SEEK $750 BILLION TO FIGHT THE VIRUS

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WASHINGTON (AP) — With an urgency unseen since the Great Recession, Congress is rushing to develop a sweeping economic lifeline for American households and businesses suddenly capsized by the coronavirus outbreak. Democrats said at least $750 billion would be needed. “We will need big, bold, urgent federal action to deal with this crisis,” Senate Democratic leader Chuck … Read more

Why do we keep bailing out one of the richest people in the world?

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by delelles   https://www.bloomberg.com/news/articles/2020-03-16/u-s-airlines-spent-96-of-free-cash-flow-on-buybacks-chart The biggest U.S. airlines spent 96% of free cash flow last decade on buying back their own shares. American Airlines Group Inc. — which is not shown in the chart but is included in overall figures — led the pack, with negative cumulative free cash flow during the decade while it repurchased … Read more

Bank Runs have started.

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Spoke with a manager at a TD bank in New Jersey. She stated the branch had actually ran out of cash. Each customer was withdrawing between $3000-$7000. They had to truck more cash in just to cover the demand. It appears people are extremely wise to what is coming.   A Bank of America branch … Read more

Trump Admin calls out Chinese Ambassador About Virus Lies

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While the media continues parroting Chinese Communist Party (CCP) propaganda in the face of the Wuhan virus, the Trump administration is firing back. In response to the outrageous charge from a Chinese Ministry of Foreign Affairs spokesperson that the U.S. Army might have been behind the transmission of the Chinese coronavirus to Wuhan, the State Department … Read more

PENTAGON DEFENSE secretary TO QUARANTINE

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See new Tweets Conversation Jack Detsch @JackDetsch_ALM Just in: Pentagon will physically separate Defense Secretary Mark Esper & US military’s top officer Gen. Mark Milley amid the coronavirus outbreaks, Chief DoD spox Jonathan Hoffman says. Staffs will communicate via teleconference. DoD will screen those who go into Esper’s suite Just in: Pentagon will physically separate … Read more

What Happens when the People are Confronted by a Government Financial System that Crumbles before their eyes?

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by Martin Armstrong Congress has been out to breakfast, lunch, and dinner. The national debt keeps growing reaching around $23 trillion, yet Congress as an institution points fingers across the aisle toward the other party to always find a scapegoat. Both parties share the blame and neither party is ever interested in even discussing the … Read more

Europe Melting Down – Central Bank Chaos

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by Martin Armstrong The European markets are crashing from the currencies to the debt – even the Bunds. The smart capital is realizing that this is the end-game. Central Banks are in a state of absolute crisis. We are looking at the extreme volatility that is required to eventually create the slingshot. As we head … Read more

Lockdown NOW, crisis till August: Trump says there are ’15 days to stop the spread’ and old must stay home, gatherings over 10 people end, and schools, offices bars and restaurants close to beat coronavirus

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President Donald Trump on Monday released a series of coronavirus guidelines to slow the spread of the disease The two-page list is called ’15 Days to Slow the Spread’ After 15 days the guidelines will be revisited  The guidelines advise avoid eating in restaurants and bars along with no social gatherings over the number of 10 … Read more

Liquidity issues in the MBS and Treasury Markets

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by istural During today’s Fed call, they made a very important statement. This statement was that “There have been liquidity issues in the MBS and Treasury markets.” They further went on to explain “Even during the Repo operations, we were not seeing the liquidity that we needed, and this is what spurred us to take … Read more

Move Over Coronavirus; Is This “Repo-Virus” the True Culprit of the Crash?

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From Birch Gold Group There is no doubt, if stocks don’t stage a turnaround soon, the coronavirus could bring the U.S. economy to its knees. But there is another entity that could cause even more panic in the markets than a virus, and that’s the Federal Reserve. In fact, the Fed has already been creating uncertainty in the markets … Read more