by Dr. Paul Craig Roberts
It has been apparent from the beginning that Covid-19 was being used for agendas unrelated to public health. Big Pharma and its associates—WHO, CDC, NIH—used social media and the presstitutes to control the explanations given to the public and to censor dissenting medical professionals.
More people died from being denied successful and completely safe treatment by hydroxychloroquine, zinc and azithromycin and from ventilators than from the virus itself. Public health and the economy were sacrificed in order to create chaos and fear that would make possible mass vaccination and billions of dollars in profit for Big Pharma. Democrats and the presstitutes used Covid against Trump by ridiculing his recommendation of the HCQ safe and effective treatment and ridiculing his attempts to reopen the economy, which never needed to be closed.
by Dan Lyman
Police in the U.K. are searching for a “black man” who beat a National Health Service employee unconscious aboard a bus in London.
The victim, a 63-year-old male who works as a coronavirus “track and trace” agent, may have been targeted for signaling displeasure at the suspect’s lack of face mask, authorities say.
While riding a bus in North London on Aug. 23rd, the victim reportedly observed the suspect board the vehicle while wearing a facial covering below his chin, prompting the NHS worker to move to a different area of the bus.
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
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Since his humble beginnings as a child actor in The Mighty Ducks and First Kid, Brock Pierce has utilized his entrepreneurial spirit to develop and fund over one hundred companies, including Tether which is the #1 most traded cryptocurrency with an annual volume of $10 trillion and a daily trading volume that surpasses Bitcoin at $21 billion. Brock also founded Blockchain Capital with which he gave rise to the security token offering (STO), allowing people to make secure investments in digital currency. Additionally, he constructed a valuable platform for launching cryptocurrency methods in a revolutionary process called Initial Coin Offerings (ICO) and established the first digital marketplace for virtual goods within online gaming which is projected to reach $190 billion in revenue by 2025. All of these innovations have ultimately led to establishing new fields of work which have created new jobs for Americans.
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Greg Hunter’s Weekly News Wrap-Up for September 18th, 2020
by Greg Hunter
The science and data say that CV19 is over, but why are Democrats wanting to keep it all locked down until after the November Election? It’s all about politics. The Democrats think this is the way to victory. Who cares how many people this hurts? This is the crazy Dem strategy of lie, cheat, steal, riot, cause pain, destruction and then blame it all on Trump. Polls say this ain’t working, but it’s all they got.
The U.S. economy is better than most in the world, but it has been severely damaged by the CV19 overreaction and brutal lockdowns. It is so bad that every time new unemployment claims fall under one million, it’s time to celebrate even though more than 50 million have filed new unemployment claims in just the past 26 weeks. The economy should open up now.
by Leslie P. Norton
Rising deficits, inflation, and the supremacy of the U.S. dollar are concerns for the coming years, Larry Fink, CEO of BlackRock, said at the Morningstar Investment Conference on Thursday.
“In the short term, I believe we’ll have to have rising deficits,” Fink said. “In the long run, I’m worried.” One particular concern is Japan and China, two nations that “are aging very rapidly” and that in the next 10 to 15 years could transform “from saving to spending nations. In those cases, what will be the role for the dollar?”
The U.S. could grow its way out of its deficit and other problems, which would make the dollar and U.S. investments a favored currency, but if it doesn’t, “In the next 10-15 years, it could be a problem,” he said.
The Fed Announces New Bank Stress Tests: Will Look at What Would Happen if a Major Counterparty Defaulted
by Pam Martens and Russ Martens
Wall Street on Parade
At the time the Fed released the results of its bank stress tests in June, it announced that because of the pandemic and unprecedented economic downturn, it would require additional stress testing of the biggest banks later this year. This afternoon, the Fed released those plans.
Among the various hypothetical scenarios that the banks will have to perform against, 13 of the banks with significant trading operations will have to consider what would happen if a major counterparty blew up. The banks that will have to submit outcomes under this scenario include: Bank of America, Bank of New York Mellon, Barclays US, Citigroup, Credit Suisse, Deutsche Bank USA, Goldman Sachs, HSBC, JPMorgan Chase, Morgan Stanley, State Street, UBS, and Wells Fargo. The Fed will release bank-specific results before the end of the year.
All 34 banks will face two hypothetical scenarios featuring severe economic downturns. Both hypothetical scenarios feature high unemployment continuing into 2021.
by Alasdair MacLeod
In the wake of the Fed’s promise of 23 March to print money without limit in order to rescue the covid-stricken US economy, China changed its policy of importing industrial materials to a more aggressive stance. In examining the rationale behind this move, this article concludes that while there are sound geopolitical reasons behind it the monetary effect will be to drive down the dollar’s purchasing power, and that this is already happening. More recently, a veiled threat has emerged that China could dump all her US Treasury and agency bonds if the relationship with America deteriorates further. This appears to be a cover for China to reduce her dollar exposure more aggressively. The consequences are a primal threat to the Fed’s policy of escalating monetary policy while maintaining the dollar’s status in the foreign exchanges.
On 3 September, China’s state-owned Global Times, which acts as the government’s mouthpiece, ran a front-page article warning that:
from Zero Hedge
After a handful of employees quit so they could speak out about Facebook’s insufficient internal ‘woke’-ness, Facebook CEO Mark Zuckerberg has finally decided how he’s going to handle what has been described as an internal rebellion.
The surge of anti-management sentiment within the company was likely provoked by accusations, spread by the mainstream press, about Facebook’s alleged role in spreading “Russian” disinformation to help sway the election to President Trump, a narrative that the New Yorker – a publication that’s almost revered by American intellectuals – quietly admitted was b***s*** just a few days ago.
by Martin Armstrong
He also refused to apologize.
by Robby Soave
New York City was slated to reopen public schools on Monday, but that’s now on hold due to Mayor Bill de Blasio’s 11th-hour decision to delay.
“We are doing this to make sure that all the standards we’ve set can be achieved,” he said during a news conference on Thursday, according to The New York Times.
The new plan is for pre-K students to return to school next week, with everyone else waiting until later in September or early October. For now, the school year will begin virtually for K–12.
No plan is set in stone, of course. Government officials, under constant pressure to satisfy teachers unions that have threatened to strike unless their demands for greater caution are met, can always decide to keep kids at home even longer—no matter how inconvenient and frustrating for parents.
by Brian Camenker
Last week, 50 Republican congressmen sent a letter to Attorney General William Barr asking that the DoJ investigate the groups responsible for the rioting in our cities and use existing federal law to prosecute those “participating in, inciting, organizing, or funding” those riots. It’s about time.
Our pro-family organization, MassResistance, has been involved with on-the-ground activism for over 25 years. We tend to notice things from that perspective. As we’ve watched what has been taking place, a number of obvious questions came to mind:
by Damjan Tutarkov
In an apparent response to some schools saying they will teach the New York Times’ 1619 Project this fall, President Trump has announced the creation of “The 1776 Commission” aimed at reforming how schools teach American history and restoring “patriotic education.”
The event: Trump and Vice President Mike Pence, joined by history and education experts, announced the order during an event inside the National Archives Museum in Washington, D.C. on Thursday.
“Critical race theory, the 1619 Project, and the crusade against American history is toxic propaganda — an ideological poison that, if not removed, will dissolve the civic bonds that tie us together,” Trump said. “The only path to national unity is through our shared identity as Americans. That is why it is so urgent that we finally restore patriotic education to our schools.”
“I will soon sign an executive order establishing a national commission to promote patriotic education,” Trump said, according to WGN-TV. “It will be called the ‘1776 Commission.’ It will encourage our educators to teach our children about the miracle of American history, and make plans to honor the 250th Anniversary of our founding.”
by Wolf Richter
Trillions flying by so fast, it’s hard to even count them. But somebody had to buy these Treasury securities. And it wasn’t just the Fed. Here’s who.
In the 12 months through February, before the Pandemic started – those were the Good Times when a government shouldn’t have to borrow heavily – the US government added a breath-taking $1.4 trillion to its already huge pile of debt. And then came the Pandemic and the bailouts and the stimulus payments and all the other stuff, and over the six months since then, the US government added another $3.3 trillion to the Incredibly Spiking US Gross National Debt that now amounts to $26.8 trillion:
by Craig Hemke
TF Metals Report
It has been a couple of months since we’ve spoken with Andy and there have been all sorts of interesting developments over the intervening weeks. So please carve out some time to give this podcast a listen as Andy had some very interesting things to share when we spoke earlier today.
So what will you hear over the course of these forty minutes?
– Andy discusses the state of the silver market, the challenges in taking delivery of anything in size and the ongoing sham of the SLV and GLD.
– Next, as a metal wholesaler, Andy is keen to the levels where large physical orders reside. He shares those levels and suggests that the paper price will very likely find support there, too.
– And finally, Andy shares some startling information regarding what he perceives as a “cornering” of the global silver market. He’s convinced that this is a bullish development but I’m not so sure. Be sure to listen so that you can decide for yourself.
by Steve St. Angelo
The top three official mints sold a great deal of retail silver bullion products in the first half of 2020. However, the sales figure could have been a great deal higher if the various government mints weren’t forced to shut down production. The top three official mints in retail silver bullion sales are the U.S. Mint, Royal Canadian Mint, and the Perth Mint.
According to the data from the 2020 World Silver Survey, for last year’s figures, the Royal Canadian Mint sold 25.8 million oz (Moz) of silver bullion products, followed by the U.S. Mint at 19.5 Moz and the Perth Mint with 12.7 Moz. The majority of the 19.5 Moz of U.S. Mint silver bullion products sold last year were from the 14.9 Moz of Silver Eagles and 1.5 Moz of the Five-ounce American The Beautiful Silver Coins with the remainder in Silver Eagle Proofs, collectibles, and various numismatic coins.
by Mike ‘Mish’ Shedlock
The cost of living in New York City is so steep that in the past 4 months, 35% have considered leaving.
High Income Flight
A Siena College study shows 44 Percent of Six-Figure Earners in NYC Have Considered Relocating.
The study also states 80% of those living in the city make $100,000 or more, and that translates to 35.2% of all residents.
1. Of New York City residents who earn $100,000 or more annually, 44% have considered moving out of the city in the past four months. Looking ahead, 37% say that it is at least somewhat likely that they will not be living in the city within the next two years.
by Ryan McMaken
Jerome Powell fielded questions from reporters Wednesday, and he made it clear the Fed is a long, long way from abandoning its current dovish policy stance. The Fed plans to keep interest rates near zero, while monetizing US debt, financing zombie companies, and pouring new dollars into the market through balance sheet purchases. But even that may not be enough, and the Fed is now hinting that even more fiscal support may be necessary.
Let’s look at some of the details.
When asked about interest rates, Powell replied:
With regard to interest rates, we now indicate that we expect it will be appropriate to maintain the current zero to 0.25% target range for the federal funds rates until labor market conditions have reached levels consistent with the committee’s assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time.
Billionaire Investor Ray Dalio on Capitalism’s Crisis: The World is Going to Change ‘in Shocking Ways’ in the Next Five Years
Veteran hedge-fund manager says capitalists don’t divide the economic pie well, so the system isn’t working effectively for all
by Jonathan Burton
Ray Dalio certainly is no radical idealist, but in his frequent writings and media appearances the veteran investor consistently calls for Americans to rewrite their longstanding contract with capitalism so that it is fairer and more generous to more people.
Otherwise, he predicts, life in the U.S. could become more difficult: mountainous debt that stunts economic growth; fewer opportunities for ordinary citizens to get ahead financially; and a worldwide lack of trust in the U.S. dollar that diminishes Americans’ purchasing power and could lower their standard of living.
Dalio is the founder of Bridgewater Associates, the world’s largest hedge-fund firm, which has made him a billionaire. So it’s not surprising that he champions capitalism as a proven way to expand economic growth and living standards.
by Andrey Dashkov
That’s how much silver has rallied since it bottomed during the corona crash in March.
If you haven’t been following silver, this may come as a surprise. After all, gold’s been getting most of the attention after it hit new all-time highs, soaring past $2,000 an ounce.
But gold’s sister metal is gaining traction. And I think it has major upside from its current levels…
Silver – More Volatile, More Explosive
You see, silver’s always been the more volatile metal. During a crash, it typically lags gold. But it usually recovers once the dust settles.
Take it from our in-house commodities expert David Forest:
Biden Claims Trump is Responsible for ‘All the People’ Who Died from Coronavirus: ‘I’m Not Making This Up’
by Ryan Saavedra
Democrat presidential nominee Joe Biden claimed without evidence on Thursday night that President Donald Trump was responsible for every single person who has died from the coronavirus, which originated in China.
“If the president had done his job, had done his job from the beginning, all the people would still be alive. All the people—I’m not making this up. Just look at the data. Look at the data,” Biden stated.
One study suggested that a large number of people may not have died if certain measures had been implemented weeks earlier, but the study in no way stated that earlier action would have saved “all the people.” It’s worth noting that Biden held eight rallies in March while Trump only held one.
by Chuck Ross
Democrats on the Senate Judiciary Committee, including Sen. Kamala Harris, are calling on the Justice Department’s watchdog to investigate whether a probe led by U.S. Attorney John Durham violates Justice Department policy.
Durham, is investigating the origins of the Trump-Russia probe and other intelligence-gathering activities related to Donald Trump and his associates.
“We write to request that you investigate whether U.S. Attorney John Durham’s investigation complies with Department of Justice policies, including policies that protect criminal investigations from political influence,” a group of 10 Democratic senators wrote to Inspector General Michael Horowitz on Thursday.