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Pelosi and Schumer Agree to Bipartisan $900 Billion Coronavirus Relief Bill as McConnell Pushes for $500 Billion

The top Democrats originally supported a $2.2 trillion measure.

by Billy Binion
Reason.com

House Speaker Rep. Nancy Pelosi (D–Calif.) and Senate Minority Leader Sen. Chuck Schumer (D–N.Y.) on Wednesday agreed that a bipartisan $908 billion coronavirus relief bill should form the foundation for an impending package as lawmakers seek to deliver aid to those struggling amid the COVID-19 pandemic. But Senate Majority Leader Sen. Mitch McConnell (R–Ky.) appeared to reject that same plan the day prior, instead pushing a $500 billion measure that reportedly has President Donald Trump’s support.

Pelosi and Schumer initially championed a $2.2 trillion piece of legislation. The pared-down bill includes $160 billion for state and local governments, $288 billion in small business assistance, and money for $300 weekly federal unemployment benefits to supplement state benefits.

Continue Reading at Reason.com…

2008 Redux?

by Ron Lipsman
American Thinker

The prospect of a potential Biden presidency and a radical left Democratic administration running the country fills me with dread. But I believe it is instructive to compare my dread to what I felt 12 years ago when I contemplated the imminent Obama administration.

According to his own words, Obama planned to bring about radical changes to American society. Here’s a partial list of his intentions:

– Nationalization of health care.
– Massive tax increases, sharply indexed.
– Cap & Trade and other crippling societal maneuvers aimed to avert or ameliorate imminent and severe – but unsubstantiated – climate change calamities.

Continue Reading at AmericanThinker.com…

“Exodus” in Full Swing: November Rents Swoon in San Francisco, New York, Boston, Los Angeles… But Skyrocket in Other Cities

by Wolf Richter
Wolf Street

San Francisco rents plunged by stunning 27% in 18 months. But in 5 big cities, rents jumped by 20%+. But in some of the cheapest cities, rents dropped.

The rent drama in the US is displaying what is happening in the working world: massive shifts are under way, powered by work-from-home which has turned into work-from-anywhere, and other factors. Rents are responding to the ebbs and flows of the people.

San Francisco rents, the most expensive in the US, in a stunning downward spiral.

The median asking rent for one-bedroom apartments in San Francisco fell by another 3.6% in November from October, to $2,700, bringing the plunge since April to $800 or 23%, according to data from Zumper’s Rent Report. From the peak in June 2019, one-bedroom asking rents have now plunged by 27%, or by $1,020 per month:

Continue Reading at WolfStreet.com…

Dominoes: Georgia Announces Election Fraud Hearings After Pennsylvania, Arizona, and Michigan Bombshells

Two Georgia State Senate committees will hold hearings into claims of voting and tabulation irregularities from whistleblowers across the state

by Frank Salvato
National File

With a bevy of claims alleging vote fraud, ballot tampering, and non-adherence to legislated election processes, two critical State Senate committee in Georgia are set to hear testimony and examine evidence of malfeasance from whistleblowers and complainants from across the state.

Georgia’s Senate Government Oversight Committee and the Senate Committee on Judiciary issued statements saying they will hold back-to-back hearings on elections processes on December 3, 2020. The statement said the hearings would be livestreamed at 10am and 1pm, respectively.

Pennsylvania, Michigan, and Arizona held similar forums making Georgia the fourth state to hold hearings on election fraud and ballot tampering complaints during the 2020 General Election.

Continue Reading at NationalFile.com…

The Attack of the Watermelons

by James Rickards
Daily Reckoning

It’s been said that some environmental activists are like watermelons — green on the outside, but red on the inside.

Red, meaning communism.

That’s probably true in some cases, but I don’t want to tar the overall environmental movement. Most simply want a clean future that their kids and grandkids can live in. We all do.

The wealthier a society becomes, the more it can afford to focus on issues like the environment. Much of the world is too busy trying to survive.

In important respects, environmentalism is largely vanity. It’s the wealthy who obsess about it. But as you’ll see shortly, the science doesn’t support climate alarmism.

Continue Reading at DailyReckoning.com…

Your Brain on Hyper-Partisanship

by Carl M. Cannon
Real Clear Politics

When Joe Biden is inaugurated, he will immediately be confronted with an unprecedented challenge — and I don’t mean the pandemic.… I mean, instead, that he’ll be the first modern U.S. president trying to govern in the face of an opposition that refuses to accept his legitimacy. And no, Democrats never said Donald Trump was illegitimate, just that he was incompetent and dangerous. – Paul Krugman, New York Times, Dec. 1, 2020.

In 1987, at a time when Paul Krugman was raising questions about global trade that would eventually win him a Nobel Prize in economics, the Partnership for a Drug-Free America launched an evocative ad campaign titled “This is your brain on drugs.”

Much-ridiculed today, the 30-second spot – retro even at the time – showed a man holding up an egg (your brain) over a hot skillet (drugs). The man cracks the egg in the pan, where it is, well, fried. Apparently, excess partisanship has a similar effect on the human mind. Although the Royal Swedish Academy of Sciences hasn’t asked for its award back, a cynic might wonder if Krugman’s economics writing had the same level of intellectual rigor as his political commentary.

Continue Reading at RealClearPolitics.com…

Time for a Turn

by Craig Hemke
Sprott Money

It is remarkable how much the year 2020 has played out like 2019…at least for the precious metals. And now, with 2021 on the doorstep, it’s time to begin looking ahead.

As you certainly know, the last four months in COMEX gold and silver have been no fun at all. After peaking on August 6, the downtrend and consolidation has seen prices pull back 15% in COMEX gold and 25% in COMEX silver. This has been arduous and painful, but it is not at all uncommon. In fact, the current downtrends are a near mirror image of the price action seen in 2019.

Below is a reminder of how things went in the second half of 2019. The first eight months of the year had seen tremendous gains in COMEX gold, as price finally broke out of a six-year trading range. Price peaked in early September and then fell into mid-December. The U.S. dollar plunged in the final week of the year, and COMEX gold finally broke out.

Continue Reading at SprottMoney.com…

Market Talk for December 2nd, 2020

by Martin Armstrong
Armstrong Economics

ASIA:

The major Asian stock markets had a mixed day today:

– NIKKEI 225 increased 13.44 points or 0.05% to 26,800.98
– Shanghai decreased 2.56 points or -0.07% to 3,449.38
– Hang Seng decreased 35.10 points or -0.13% to 26,532.58
– ASX 200 increased 1.70 points or 0.03% to 6,590.20
– Kospi increased 41.65 points or 1.58% to 2,675.90
– SENSEX decreased 37.40 points or -0.08% to 44,618.04
– Nifty50 increased 4.70 points or 0.04% to 13,113.75

The major Asian currency markets had a mixed day today:

Continue Reading at ArmstrongEconomics.com…

‘It’s Not a Slogan. It’s a Mandate:’ Progressives Push Back on Obama, Defend ‘Defund the Police’

by Emily Zanotti
Daily Wire

Progressives, including most members of the Democratic Socialist “Squad”, fired back at President Barack Obama Wednesday, torching the former leader over his comments deriding the far-left for advocating to “defund the police” — a slogan which Obama and other experts believe had a widespread, negative impact on Democrat success in down-ticket and statewide elections.

Speaking to a Snapchat audience Tuesday night, Obama mocked efforts to “defund the police,” deriding Democrats for adopting the slogan and then suggesting they had no real intention of “defunding” any police department, using “defund the police,” instead, as code for reforming law enforcement, panicking voters.

Continue Reading at DailyWire.com…

Biden the Silver Bull

Peter Krauth explains why he believes Biden could become silver’s best friend.

by Peter Krauth
Streetwise Reports

It may seem like an unlikely match.

But there are some big reasons why Biden could become silver’s best friend.

The main force behind this thesis is that we can expect stimulus. A lot of stimulus.

More specifically, Biden is likely to do his utmost to bring on more general support for the economy through increased borrowing, further expanding the deficit and national debt.

He has also made it clear that he’s a big proponent of a Green New Deal, which is a mega effort to migrate the economy towards renewable energy and net zero carbon emissions.

And both of these are likely to help boost silver prices in a big way in the next few years.

Let’s dig in…

Continue Reading at StreetwiseReports.com…

Adam Schiff, Who Championed the Mueller Probe, Opposes Durham Appointment

Rep. Adam Schiff opposes Attorney General William Barr’s selection of John Durham to serve as special counsel, and suggested that President-elect Joe Biden’s attorney general could consider shutting down the probe.

by Chuck Ross
DailyCaller.com

House Intelligence Committee Chairman Adam Schiff, one of the leading proponents of Robert Mueller’s special counsel investigation, said Tuesday he opposes Attorney General William Barr’s decision to appoint U.S. Attorney John Durham as special counsel in an investigation into the origins of the Trump-Russia probe.

In an interview on MSNBC, Schiff suggested that the attorney general in the Biden administration should assess Durham’s mandate and decide whether to allow the prosecutor to continue his investigation.

“In an appointment secretly conferred on Durham prior to the election…Barr is using the special counsel law for a purpose it was not intended: to continue a politically motivated investigation long after Barr leaves office,” Schiff said in a statement on Tuesday after Barr said he had appointed Durham to the special prosecutor role on Oct. 19.

Continue Reading at DailyCaller.com…

The Covid-19 RT-PCR Test: How to Mislead All Humanity. Using a “Test” To Lock Down Society

It is time for everyone to come out of this negative trance, this collective hysteria, because famine, poverty, massive unemployment will kill, mow down many more people than SARS-CoV-2!

by Dr. Pascal Sacré
Global Research

Introduction: using a technique to lock down society

All current propaganda on the COVID-19 pandemic is based on an assumption that is considered obvious, true and no longer questioned:

Positive RT-PCR test means being sick with COVID. This assumption is misleading.

Very few people, including doctors, understand how a PCR test works.

RT-PCR means Real Time-Polymerase Chain Reaction.

In French, it means: Réaction de Polymérisation en Chaîne en Temps Réel.

In medicine, we use this tool mainly to diagnose a viral infection.

Starting from a clinical situation with the presence or absence of particular symptoms in a patient, we consider different diagnoses based on tests.

Continue Reading at GlobalResearch.ca…

Yes, They Cheat. We Have to Win Georgia Anyway.

by Ann Coulter
Breitbart.com

I’m neither heartbroken nor surprised that President Kushner didn’t get a second term. The good news is, Republicans are finally talking about vote fraud!

Going forward, the GOP’s sole objectives should be:

1) End mail-in ballots;

2) End early voting;

3) Ensure that the Democrats don’t steal the two runoff elections in Georgia on Jan. 5, 2021.

Donald Trump spent four years trying to out-pander the Democrats, the end result of which was that he slightly increased his minority vote — which he still lost — while sacrificing a chunk of the numerically larger white male vote.

Continue Reading at Breitbart.com…

Why Does Bitcoin Have Value?

by Jeffrey A. Tucker
The American Institute for Economic Research

Even after eleven years experience, and a per Bitcoin price of nearly $20,000, the incredulous are still with us. I understand why. Bitcoin is not like other traditional financial assets. Even describing it as an asset is misleading. It is not the same as a stock, as a payment system, or a money. It has features of all these but it is not identical to them. What Bitcoin is depends on its use as a means of storing and porting value, which in turn rests of secure titles to ownership of a scarce good. Those without experience in the sector look at all of this and get frustrated that understanding why it is valuable is not so easy to grasp.

In this article, I’m updating an analysis I wrote six years ago. It still holds up. For those who don’t want to slog through the entire article, my thesis is that Bitcoin’s value obtains from its underlying technology, which is an open-source ledger that keeps track of ownership rights and permits the transfer of these rights. Bitcoin managed to bundle its unit of account with a payment system that lives on the ledger. That’s its innovation and why it obtained a value and that value continues to rise.

Continue Reading at AIER.org…

First Covid-19 Vaccines Will Be Injected Next Week in the U.K.

by Mac Slavo
SHTF Plan

The United Kingdom has approved the Pfizer COVID-19 vaccine and the rollout and first shots will be injected into people beginning next week. Elderly people in care homes, along with health workers and other vulnerable people will be the first to get the shot.

The UK has ordered 40 million doses of the vaccine and considering those who take it will need two shots, that’s enough to vaccinate 20 million people. Health Secretary Matt Hancock told the BBC that an initial 800,000 doses would be available in the UK next week, and “we’ll then deploy it at the speed that it’s manufactured” by Pfizer at its facilities in Belgium. The bulk of the rollout will come next year.

Continue Reading at SHTFPlan.com…