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- Post #8,221
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- Apr 24, 2020 7:26am Apr 24, 2020 7:26am
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Will Gold reach 3000 by the end of this year?
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YES !!! Opinion based on knowledge !!!
WATCH VIDEO !!!
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http://www.whatdoesitmean.com/index3195pl.htm
Note: This is an urgent private letter intended for the sole and exclusive use of the patron/donors to the Sisters of Sorcha Faal.
24 April 2020
Hello Folks,
I don’t think I’d be missing the mark if I guessed probably none of you knew that there was a 19-word government position called the Senior Official Performing The Duties Of The Under Secretary For Science And Technology For The Department Of Homeland Security, or that the person holding this position is named William N. Bryan—and likewise, I doubt that hardly any of you have ever heard of US Attorney Anthony Scarpelli—but don’t feel bad because you didn’t, because, after all, why should you ever have to know about them?
Who does know about them, though, and has extensive files on both, is the Sisters of Sorcha Faal—who have long followed and documented the activities of DHS Under Secretary Bryan, because he heads the National Biodefense Analysis and Countermeasures Center that’s currently investigating if the COVID-19 coronavirus was created as a bioweapon—and US Attorney Scarpelli, because in his position as the Chief, Violent Crimes and Narcotics Trafficking Section at the United States Attorney's Office for the District of Columbia, he is the lead investigator into the still unsolved 10 July 2016 assassination of Seth Rich—the Democrat National Committee computer analyst many believe gave Democrat Party and Hillary Clinton related e-mails to Wikileaks.
As the coronavirus pandemic continues to lay waste to America, causing more than 26-million of its citizens to lose their jobs in the past five weeks, the importance of you knowing both of these men is: 1.) US Attorney John Durham, who is leading the criminal investigation into the crimes committed against the Trump Campaign and the attempted coup against President Donald Trump, has gone on a hiring spree bringing into his criminal investigation additional FBI agents, and US Attorney Scarpelli—and—2.) Under Secretary Bryan, yesterday, appeared next to President Trump at the daily White House to brief the American people on how sunlight, heat and humidity is lethal to the coronavirus.
While Under Secretary Bryan was telling the American people how deadly sunlight is to the coronavirus, other news broke yesterday that French researchers are now giving nicotine patches to coronavirus patients and frontline workers after lower rates of infection were found among smokers—neither of which, of course, came as any surprise to those of you who have daily followed the Sisters reports—such as the one titled “Trump Plans Destruction Of WHO After Marlboro Man Grabs Sun And Pummels Coronavirus To Death”.
Also, in the Sisters report to you last month titled “Fate Of World Rests On Which Of The Two Coronavirus Species Sweeping Across Globe Wins”, you learned that there were two types of coronavirus—the less aggressive S strain, and the more aggressive and deadly L strain—the critical importance between these two strains this report noted with the words: “Russian scientists at VECTOR have deliberately infected themselves with the S type coronavirus, after which they began a 7-day regime taking two drugs called Hydroxychloroquine and Azithromycin—and who today remain free from all coronavirus symptoms”.
Now everything I’ve just told you about are called verifiable facts and truths—so let’s take these facts and truths and put them through the leftist mainstream propaganda lying spin machine and see what comes out!
Absolutely no leftist mainstream media publication has said anything about the hiring spree US Attorney Durham has gone on—or why he has now hired the chief US Attorney who’s been investigating the assassination of Seth Rich.
Every single leftist mainstream media publication has cheered a VA study they claim proves Hydroxychloroquine has no effect on coronavirus patients—a flawed study that used this drug on patients having the deadly L strain of the coronavirus, not the treatable S strain—a study so flawed, French Dr. Didier Raoult, the world’s acknowledged top virologist, has now called it “Scientific Misconduct”.
And to be placed in the category of “You Just Can’t Make This Up!”—after Under Secretary Bryan told the American people imprisoned in their homes by Democrat Party socialist edicts how sunlight is lethal to the coronavirus, the leftist mainstream media began publishing lying stories with headlines such as this: “Trump Asked If Disinfectants Could Be Injected To Kill Coronavirus Inside The Body. Doctors Answered: People Will Die”—a despicable gross distortion of what President Trump said and meant, as all he simply opined about was how remarkable it would be if scientists could somehow find a way to use sunlight to kill the coronavirus in sick patients.
Now for those of you who haven’t yet read Sister Ciara’s letter “Stone Cold Truth Feared By Elites Points To Viking King Trump Saving America”, I respectfully request you do as soon as possible—and when doing so, pay close attention to what she says about one of the greatest journalists who ever lived, I.F. Stone—whom I’ve personally admired for his having the guts to tell the truth and say “Every government is run by liars and nothing they say should be believed”—but as great as a journalistic giant as he was, I’ve come to personally know that when it comes to finding out about the truth of things, he could have taken lessons from the Sisters—and though I’m religiously vowed not to divulge anything about them, I will admit that this statement written about them years ago comes very close to being true: “Upon our return to London we agreed among ourselves that the knowledge we had gained from Sorcha, and her Sisters, should also be shared to others. You can feel the wind across your face when it blows. You can see also the terrifying destruction of wind after a storm. But, you cannot ‘see’ the wind, so is the power of Sorcha and her Sisters…you can’t see it with your eyes, but you can see its effects.”
To help you better understand this, it helps to know that men always wrote history, and my maternal grandfather died in World War I—the first being significant because few people know that women were scribes during the Middle Ages in Europe—and the second because I’m an honorary member in Paris Post 1 of the American Legion—where a number of months ago, I met and had lengthy and delightful conversations with American Legion contributing author Alan Dowd.
I found Mr. Dowd to be a true Renaissance Man (a person with many talents or areas of knowledge), who during our conversations was very knowledgeable about the monastic female orders of scribes, like the Sisters of Sorcha Faal, who during the Middle Ages separated themselves from the Roman Catholic Church because they were reading what they were writing—and though secreted and set apart from the world since then, rather then be burned at the stake as heretics and witches, I found Mr. Dowd knowing, like I did, that these secretive orders’ accumulated centuries of knowledge has today translated into wisdom.
Which made it no surprise to me when, a few months later, Mr. Dowd sent to me an article he had written for the March-2020 edition of the American Legion Magazine titled “The Wisdom Gap”—the entirety of is well worth your time to read, but in exampling the difference between what the Sisters write, as opposed to the mainstream propaganda media, I believe these passages are the most constructive:
Before the 20th century, human knowledge doubled every hundred years. By the middle of the 20th century, it was every 25 years.
Today, it’s doubling every 13 months. In the near future, experts predict knowledge could double every 12 hours.
That’s because humanity and its machines are producing 2.5 million terabytes of data per day.
To get a sense of how much information that is, a University of Oregon researcher notes that just one terabyte equals about 85 million pages of text.
What we lack amid all this information, knowledge and science is wisdom.
“While science has increased man’s power in ways that former men never dreamt of,” political philosopher Leo Strauss observed at the dawn of the atomic age, “it is absolutely incapable of telling men how to use that power.”
That’s where wisdom comes into play – indeed, where it is essential.
What today’s world is really starving for is wisdom.
Just as an accumulation of information doesn’t automatically yield knowledge, an accumulation of knowledge doesn’t automatically yield wisdom.
In your final analysis of all I’ve herein related, what I hope for more than anything is that YOU begin to know the truth that the “distorted information” you ingest from the mainstream propaganda media is not “knowledge”—and without “knowledge” there can never be “wisdom”—and “wisdom” isn’t something that can be given to you—you have to find it for yourself.
What the Sisters give to you is “true information” that’s based on “accurate honest knowledge”—always put into context, especially historical—which when combined allows our readers to find “wisdom”—and though I can give you countless examples of this being the true, I’ll let you read two of the latest emails the Sisters have received:
From Chris S.:
I am not sure if I found your page or your page found me..... I have searched the Internet since this “pandemic” began, looking for answers as to what the heck is going on. The past 2 hours that I have spent on your site has relieved the stress that has built up over the past month. Tonight I can lay down without worrying for the first time in over a month! THANK YOU, THANK YOU, THANK YOU!
From Linda M.:
I am fairly new to "What Does It Mean" but had to write after reading all I could about this virus thing. From the get-go KNEW there was way more to things than what was being told to us. Your site just vindicated all my thought on the subject. But one thing above all else, I have never felt scared or worried or anything. Just a huge calm came over me.
Which brings me to my final point and plea—when you come to the aid of the Sisters so they can continue their mission you are actually helping to free multitudes of other Chris’s and Linda’s who are searching for “wisdom” like you once were, or are still doing—a high calling, indeed—and in contemplating what you’re going to do next, I humbly request you remember in your heart these words: “Carry each other’s burdens, and in this way you will fulfill the law of Christ.”
Thank you for listening and aiding us in our hour of desperate need by going below and giving what you can, and as always, please feel free to write me at [email protected] with any comments/questions/suggestions, remembering to put ATTN: BRIAN in the subject line.
All the best folks,
Brian
Webmaster
Paris
Fr.
Return To Main Page
Note: This is an urgent private letter intended for the sole and exclusive use of the patron/donors to the Sisters of Sorcha Faal.
Coronavirus “Wisdom” Lays Waste To America While Prosecutor Durham Goes On Hiring Spree
24 April 2020
Hello Folks,
I don’t think I’d be missing the mark if I guessed probably none of you knew that there was a 19-word government position called the Senior Official Performing The Duties Of The Under Secretary For Science And Technology For The Department Of Homeland Security, or that the person holding this position is named William N. Bryan—and likewise, I doubt that hardly any of you have ever heard of US Attorney Anthony Scarpelli—but don’t feel bad because you didn’t, because, after all, why should you ever have to know about them?
Who does know about them, though, and has extensive files on both, is the Sisters of Sorcha Faal—who have long followed and documented the activities of DHS Under Secretary Bryan, because he heads the National Biodefense Analysis and Countermeasures Center that’s currently investigating if the COVID-19 coronavirus was created as a bioweapon—and US Attorney Scarpelli, because in his position as the Chief, Violent Crimes and Narcotics Trafficking Section at the United States Attorney's Office for the District of Columbia, he is the lead investigator into the still unsolved 10 July 2016 assassination of Seth Rich—the Democrat National Committee computer analyst many believe gave Democrat Party and Hillary Clinton related e-mails to Wikileaks.
As the coronavirus pandemic continues to lay waste to America, causing more than 26-million of its citizens to lose their jobs in the past five weeks, the importance of you knowing both of these men is: 1.) US Attorney John Durham, who is leading the criminal investigation into the crimes committed against the Trump Campaign and the attempted coup against President Donald Trump, has gone on a hiring spree bringing into his criminal investigation additional FBI agents, and US Attorney Scarpelli—and—2.) Under Secretary Bryan, yesterday, appeared next to President Trump at the daily White House to brief the American people on how sunlight, heat and humidity is lethal to the coronavirus.
While Under Secretary Bryan was telling the American people how deadly sunlight is to the coronavirus, other news broke yesterday that French researchers are now giving nicotine patches to coronavirus patients and frontline workers after lower rates of infection were found among smokers—neither of which, of course, came as any surprise to those of you who have daily followed the Sisters reports—such as the one titled “Trump Plans Destruction Of WHO After Marlboro Man Grabs Sun And Pummels Coronavirus To Death”.
Also, in the Sisters report to you last month titled “Fate Of World Rests On Which Of The Two Coronavirus Species Sweeping Across Globe Wins”, you learned that there were two types of coronavirus—the less aggressive S strain, and the more aggressive and deadly L strain—the critical importance between these two strains this report noted with the words: “Russian scientists at VECTOR have deliberately infected themselves with the S type coronavirus, after which they began a 7-day regime taking two drugs called Hydroxychloroquine and Azithromycin—and who today remain free from all coronavirus symptoms”.
Now everything I’ve just told you about are called verifiable facts and truths—so let’s take these facts and truths and put them through the leftist mainstream propaganda lying spin machine and see what comes out!
Absolutely no leftist mainstream media publication has said anything about the hiring spree US Attorney Durham has gone on—or why he has now hired the chief US Attorney who’s been investigating the assassination of Seth Rich.
Every single leftist mainstream media publication has cheered a VA study they claim proves Hydroxychloroquine has no effect on coronavirus patients—a flawed study that used this drug on patients having the deadly L strain of the coronavirus, not the treatable S strain—a study so flawed, French Dr. Didier Raoult, the world’s acknowledged top virologist, has now called it “Scientific Misconduct”.
And to be placed in the category of “You Just Can’t Make This Up!”—after Under Secretary Bryan told the American people imprisoned in their homes by Democrat Party socialist edicts how sunlight is lethal to the coronavirus, the leftist mainstream media began publishing lying stories with headlines such as this: “Trump Asked If Disinfectants Could Be Injected To Kill Coronavirus Inside The Body. Doctors Answered: People Will Die”—a despicable gross distortion of what President Trump said and meant, as all he simply opined about was how remarkable it would be if scientists could somehow find a way to use sunlight to kill the coronavirus in sick patients.
http://www.whatdoesitmean.com/meme25.jpg
Now for those of you who haven’t yet read Sister Ciara’s letter “Stone Cold Truth Feared By Elites Points To Viking King Trump Saving America”, I respectfully request you do as soon as possible—and when doing so, pay close attention to what she says about one of the greatest journalists who ever lived, I.F. Stone—whom I’ve personally admired for his having the guts to tell the truth and say “Every government is run by liars and nothing they say should be believed”—but as great as a journalistic giant as he was, I’ve come to personally know that when it comes to finding out about the truth of things, he could have taken lessons from the Sisters—and though I’m religiously vowed not to divulge anything about them, I will admit that this statement written about them years ago comes very close to being true: “Upon our return to London we agreed among ourselves that the knowledge we had gained from Sorcha, and her Sisters, should also be shared to others. You can feel the wind across your face when it blows. You can see also the terrifying destruction of wind after a storm. But, you cannot ‘see’ the wind, so is the power of Sorcha and her Sisters…you can’t see it with your eyes, but you can see its effects.”
To help you better understand this, it helps to know that men always wrote history, and my maternal grandfather died in World War I—the first being significant because few people know that women were scribes during the Middle Ages in Europe—and the second because I’m an honorary member in Paris Post 1 of the American Legion—where a number of months ago, I met and had lengthy and delightful conversations with American Legion contributing author Alan Dowd.
I found Mr. Dowd to be a true Renaissance Man (a person with many talents or areas of knowledge), who during our conversations was very knowledgeable about the monastic female orders of scribes, like the Sisters of Sorcha Faal, who during the Middle Ages separated themselves from the Roman Catholic Church because they were reading what they were writing—and though secreted and set apart from the world since then, rather then be burned at the stake as heretics and witches, I found Mr. Dowd knowing, like I did, that these secretive orders’ accumulated centuries of knowledge has today translated into wisdom.
Which made it no surprise to me when, a few months later, Mr. Dowd sent to me an article he had written for the March-2020 edition of the American Legion Magazine titled “The Wisdom Gap”—the entirety of is well worth your time to read, but in exampling the difference between what the Sisters write, as opposed to the mainstream propaganda media, I believe these passages are the most constructive:
Before the 20th century, human knowledge doubled every hundred years. By the middle of the 20th century, it was every 25 years.
Today, it’s doubling every 13 months. In the near future, experts predict knowledge could double every 12 hours.
That’s because humanity and its machines are producing 2.5 million terabytes of data per day.
To get a sense of how much information that is, a University of Oregon researcher notes that just one terabyte equals about 85 million pages of text.
What we lack amid all this information, knowledge and science is wisdom.
“While science has increased man’s power in ways that former men never dreamt of,” political philosopher Leo Strauss observed at the dawn of the atomic age, “it is absolutely incapable of telling men how to use that power.”
That’s where wisdom comes into play – indeed, where it is essential.
What today’s world is really starving for is wisdom.
Just as an accumulation of information doesn’t automatically yield knowledge, an accumulation of knowledge doesn’t automatically yield wisdom.
http://www.whatdoesitmean.com/wis21.jpeg
In your final analysis of all I’ve herein related, what I hope for more than anything is that YOU begin to know the truth that the “distorted information” you ingest from the mainstream propaganda media is not “knowledge”—and without “knowledge” there can never be “wisdom”—and “wisdom” isn’t something that can be given to you—you have to find it for yourself.
What the Sisters give to you is “true information” that’s based on “accurate honest knowledge”—always put into context, especially historical—which when combined allows our readers to find “wisdom”—and though I can give you countless examples of this being the true, I’ll let you read two of the latest emails the Sisters have received:
From Chris S.:
I am not sure if I found your page or your page found me..... I have searched the Internet since this “pandemic” began, looking for answers as to what the heck is going on. The past 2 hours that I have spent on your site has relieved the stress that has built up over the past month. Tonight I can lay down without worrying for the first time in over a month! THANK YOU, THANK YOU, THANK YOU!
From Linda M.:
I am fairly new to "What Does It Mean" but had to write after reading all I could about this virus thing. From the get-go KNEW there was way more to things than what was being told to us. Your site just vindicated all my thought on the subject. But one thing above all else, I have never felt scared or worried or anything. Just a huge calm came over me.
Which brings me to my final point and plea—when you come to the aid of the Sisters so they can continue their mission you are actually helping to free multitudes of other Chris’s and Linda’s who are searching for “wisdom” like you once were, or are still doing—a high calling, indeed—and in contemplating what you’re going to do next, I humbly request you remember in your heart these words: “Carry each other’s burdens, and in this way you will fulfill the law of Christ.”
Thank you for listening and aiding us in our hour of desperate need by going below and giving what you can, and as always, please feel free to write me at [email protected] with any comments/questions/suggestions, remembering to put ATTN: BRIAN in the subject line.
All the best folks,
Brian
Webmaster
Paris
Fr.
http://www.whatdoesitmean.com/do37.jpg
Return To Main Page
- Post #8,227
- Quote
- Apr 24, 2020 10:29am Apr 24, 2020 10:29am
- | Commercial Member | Joined Dec 2014 | 11,787 Posts
https://www.zerohedge.com/health/deb...ops+to+zero%29
Update (1005ET): Minutes after this post was created, the U.S. Food and Drug Administration (FDA) warned patients against taking two malaria medications that have been talked up by President Trump for Covid-19, unless carefully monitored in a hospital or as part of a clinical trial.
The FDA said it was issuing the warning after reports that patients taking the drugs, especially in combination with the antibiotic azithromycin, had experienced heart issues.
Additionally, the cost of hydroxychloroquine ingredients is soaring.
Cadila Healthcare managing director Sharvil Patel said contracts with Chinese suppliers of ingredients for hydroxychloroquine production had not been honored as they were signed and suppliers were asking to pay multiple times more, Financial Times reports, citing an interview with the executive.
Anhui Haihua Chemical Technology, a Chinese supplier of hydroxychloroquine ingredient m-chloroaniline, confirmed the product's 375% price increase to about $26,840 a ton since the start of the year, FT says citing an identified official at the company
* * *
Via PeakProsperity.com,
The media's now saying it doesn't work. Is that actually true?
https://zh-prod-1cc738ca-7d3b-4a72-b...24_5-46-29.jpg
There sure has been a lot of recent press about how ineffective hydroxychloroquine is. That’s a real letdown given how promising it was thought to be.
But are the headlines true?
To answer that, Chris pulls up the original VA study all of the recent headlines are referencing. Well, it turns out, it’s based on quite poor “science”.
For example, it wasn’t randomized; by its own admission, hydroxychloroquine was given to sicker patients, closer to death, when we know HCQ works best when given early on. And zinc, a key component to its efficacy, wasn’t administered. Nor was azithromycin in a number of cases.
Right now, the “HCQ shows no benefit” claim appears more an intentional narrative than a science-backed finding. In fact, there is growing empirical evidence, notably in France and Costa Rica, that it can work amazingly well when applied under the right conditions.
For now, it seems we remain best served by keeping our eyes open and doing our own investigation versus relying on what the media is telling us.
To that end, Peak Prosperity will keep up our efforts and continue producing these videos for as long as needed.
Key your own mind sharp, research and think before taking action, and ask questions in the Comments section below if you’d like to tap the PP tribe’s expertise.
Oh, and as always, keep working on your garden.
Update (1005ET): Minutes after this post was created, the U.S. Food and Drug Administration (FDA) warned patients against taking two malaria medications that have been talked up by President Trump for Covid-19, unless carefully monitored in a hospital or as part of a clinical trial.
The FDA said it was issuing the warning after reports that patients taking the drugs, especially in combination with the antibiotic azithromycin, had experienced heart issues.
“The FDA is aware of reports of serious heart rhythm problems in patients with Covid-19 treated with hydroxychloroquine or chloroquine, often in combination with azithromycin,” the health agency said in the warning.
Additionally, the cost of hydroxychloroquine ingredients is soaring.
Cadila Healthcare managing director Sharvil Patel said contracts with Chinese suppliers of ingredients for hydroxychloroquine production had not been honored as they were signed and suppliers were asking to pay multiple times more, Financial Times reports, citing an interview with the executive.
Anhui Haihua Chemical Technology, a Chinese supplier of hydroxychloroquine ingredient m-chloroaniline, confirmed the product's 375% price increase to about $26,840 a ton since the start of the year, FT says citing an identified official at the company
* * *
Via PeakProsperity.com,
The media's now saying it doesn't work. Is that actually true?
https://zh-prod-1cc738ca-7d3b-4a72-b...24_5-46-29.jpg
There sure has been a lot of recent press about how ineffective hydroxychloroquine is. That’s a real letdown given how promising it was thought to be.
But are the headlines true?
To answer that, Chris pulls up the original VA study all of the recent headlines are referencing. Well, it turns out, it’s based on quite poor “science”.
For example, it wasn’t randomized; by its own admission, hydroxychloroquine was given to sicker patients, closer to death, when we know HCQ works best when given early on. And zinc, a key component to its efficacy, wasn’t administered. Nor was azithromycin in a number of cases.
Right now, the “HCQ shows no benefit” claim appears more an intentional narrative than a science-backed finding. In fact, there is growing empirical evidence, notably in France and Costa Rica, that it can work amazingly well when applied under the right conditions.
For now, it seems we remain best served by keeping our eyes open and doing our own investigation versus relying on what the media is telling us.
To that end, Peak Prosperity will keep up our efforts and continue producing these videos for as long as needed.
Key your own mind sharp, research and think before taking action, and ask questions in the Comments section below if you’d like to tap the PP tribe’s expertise.
Oh, and as always, keep working on your garden.
- Post #8,228
- Quote
- Apr 24, 2020 1:03pm Apr 24, 2020 1:03pm
- | Commercial Member | Joined Dec 2014 | 11,787 Posts
- Post #8,229
- Quote
- Apr 24, 2020 3:10pm Apr 24, 2020 3:10pm
- | Commercial Member | Joined Dec 2014 | 11,787 Posts
- Post #8,230
- Quote
- Apr 24, 2020 9:39pm Apr 24, 2020 9:39pm
- | Commercial Member | Joined Dec 2014 | 11,787 Posts
https://www.zerohedge.com/geopolitic...ops+to+zero%29
Update: Following an earlier report that North Korean leader Kim Jong Un may have been evacuated from Pyongyang (as he was nowhere to be seen during the national holiday celebration of his grandfather's birthday on April 15) amid speculation about his failing health following a report from a Seoul-based website that Kim was recovering after undergoing a cardiovascular procedure on April 12, late on Friday Reuters reported that China has "dispatched a team to North Korea including medical experts to advise on North Korean leader Kim Jong Un."
Citing "three people familiar with the situation", Reuters writes that a delegation led by a senior member of the Chinese Communist Party’s International Liaison Department - which is the main Chinese body dealing with North Korea - left Beijing for North Korea on Thursday.
Meanwhile, both South Korean government officials and a Chinese official with the Liaison Department challenged subsequent reports suggesting that Kim was in grave danger after surgery, while South Korean officials said they had detected no signs of unusual activity in North Korea. On Thursday, President Donald Trump also downplayed earlier reports that Kim was gravely ill. “I think the report was incorrect,” Trump told reporters, but he declined to say if he had been in touch with North Korean officials.
One day later, on Friday, a South Korean source told Reuters their intelligence was that Kim was alive and would likely make an appearance soon. The person said he did not have any comment on Kim’s current condition or any Chinese involvement. An official familiar with U.S. intelligence said that Kim was known to have health problems but they had no reason to conclude he was seriously ill or unable eventually to reappear in public.
Secretary of State, Mike Pompeo, when asked about Kim’s health on Fox News after Trump spoke said, “I don’t have anything I can share with you tonight, but the American people should know we’re watching the situation very keenly.”
The last time North Korea’s state media reported on Kim’s whereabouts was when he presided over a meeting on April 11. However, as noted above, state media did not report that he was in attendance at an event to mark the birthday of his grandfather, Kim Il Sung, on April 15, an important anniversary in North Korea.
Kim, believed to be 36, has disappeared from coverage in North Korean state media before. In 2014, he vanished for more than a month and North Korean state TV later showed him walking with a limp. Speculation about his health has been fanned by his heavy smoking, apparent weight gain since taking power and family history of cardiovascular problems.
When Kim Jong Un’s father, Kim Jong Il, suffered a stroke in 2008, South Korean media reported at the time that Chinese doctors were involved in his treatment along with French physicians.
Earlier:
Kim Jong Un was last seen publicly on the weekend of April 11th, but after he was nowhere in sight during the national holiday celebration of his grandfather's birthday on April 15 — highly unusual for the important “Day of the Sun” commemorations, this triggered multiple unconfirmed reports that the North Korean leader was in critical condition after receiving heart surgery.
First, it should be noted that the Western mainstream press often gets North Korea completely wrong — and in the case of the latest speculation a high degree of critical skepticism is warranted further given the initial source for the heart surgery claims was a US state-funded media outlet based in South Korea, the Daily NK website.
South Korean officials also downplayed the news, which had initially riled markets at the start of the week, suggesting he was “touring provincial areas”. President Trump also during the regular White House briefing Thursday evening called rumors of Kim’s ill health “fake news”.
https://zh-prod-1cc738ca-7d3b-4a72-b...s/kimincar.jpgNorth Korean leader Kim Jong Un, via KCNA.While there's been lots of questions and speculation, it still remains no satisfactory answers have been given.
Instead, more contradictory reports out of Seoul based on intelligence sources, which suggest he's been "evacuated" from Pyongyang to a coastal city. The new reports say he's on the move and out of the public eye primarily due to COVID-19 outbreaks among key sectors of the country, also which Pyongyang officials have sought to downplay.
UPI outlines the latest reports as follows:
According to Newsis, movement has been observed among "dedicated vehicles" for Kim that suggest he may have been evacuated from Pyongyang. A special train for Kim's use was stationed in Wonsan, but Kim's private plane remained in Pyongyang, the report says.
And further, "In the new location, Kim may be carrying out field guidance activities, at Tanchon Hydroelectric Power Plant, or visiting a North Korean artillery unit in Sondok, where short-range projectiles were fired in March," the report speculates based on official sources.
Amid rumours about his health, the North Korean leader has not been seen for days. https://www.newstatesman.com/world/asia/2020/04/unanswered-questions-surrounding-kim-jong-un …
https://pbs.twimg.com/card_img/12536...g&name=600x314
The unanswered questions surrounding Kim Jong-un
Amid rumours about his health, the North Korean leader has not been seen for days.
If he does make an appearance anytime soon, it's likely to be related to North Korea's Military Foundation Day events on Saturday, though reports and official photographs could still take days to be released.
Assuming he is rapidly moving to different locations of the country, it's unlikely his condition would be "gravely ill" as the initial dire headlines speculated. US intelligence is said to be monitoring the situation.
Meanwhile, joint US-South Korea military drills have just wrapped up. The five-day long regularly scheduled air exercise came following the North launching at least five missile tests so far this year, and as Pyongyang's anger and frustration over stalled nuclear talks with Washington is increasingly on display.
Update: Following an earlier report that North Korean leader Kim Jong Un may have been evacuated from Pyongyang (as he was nowhere to be seen during the national holiday celebration of his grandfather's birthday on April 15) amid speculation about his failing health following a report from a Seoul-based website that Kim was recovering after undergoing a cardiovascular procedure on April 12, late on Friday Reuters reported that China has "dispatched a team to North Korea including medical experts to advise on North Korean leader Kim Jong Un."
Citing "three people familiar with the situation", Reuters writes that a delegation led by a senior member of the Chinese Communist Party’s International Liaison Department - which is the main Chinese body dealing with North Korea - left Beijing for North Korea on Thursday.
Meanwhile, both South Korean government officials and a Chinese official with the Liaison Department challenged subsequent reports suggesting that Kim was in grave danger after surgery, while South Korean officials said they had detected no signs of unusual activity in North Korea. On Thursday, President Donald Trump also downplayed earlier reports that Kim was gravely ill. “I think the report was incorrect,” Trump told reporters, but he declined to say if he had been in touch with North Korean officials.
One day later, on Friday, a South Korean source told Reuters their intelligence was that Kim was alive and would likely make an appearance soon. The person said he did not have any comment on Kim’s current condition or any Chinese involvement. An official familiar with U.S. intelligence said that Kim was known to have health problems but they had no reason to conclude he was seriously ill or unable eventually to reappear in public.
Secretary of State, Mike Pompeo, when asked about Kim’s health on Fox News after Trump spoke said, “I don’t have anything I can share with you tonight, but the American people should know we’re watching the situation very keenly.”
The last time North Korea’s state media reported on Kim’s whereabouts was when he presided over a meeting on April 11. However, as noted above, state media did not report that he was in attendance at an event to mark the birthday of his grandfather, Kim Il Sung, on April 15, an important anniversary in North Korea.
Kim, believed to be 36, has disappeared from coverage in North Korean state media before. In 2014, he vanished for more than a month and North Korean state TV later showed him walking with a limp. Speculation about his health has been fanned by his heavy smoking, apparent weight gain since taking power and family history of cardiovascular problems.
When Kim Jong Un’s father, Kim Jong Il, suffered a stroke in 2008, South Korean media reported at the time that Chinese doctors were involved in his treatment along with French physicians.
Earlier:
Kim Jong Un was last seen publicly on the weekend of April 11th, but after he was nowhere in sight during the national holiday celebration of his grandfather's birthday on April 15 — highly unusual for the important “Day of the Sun” commemorations, this triggered multiple unconfirmed reports that the North Korean leader was in critical condition after receiving heart surgery.
First, it should be noted that the Western mainstream press often gets North Korea completely wrong — and in the case of the latest speculation a high degree of critical skepticism is warranted further given the initial source for the heart surgery claims was a US state-funded media outlet based in South Korea, the Daily NK website.
South Korean officials also downplayed the news, which had initially riled markets at the start of the week, suggesting he was “touring provincial areas”. President Trump also during the regular White House briefing Thursday evening called rumors of Kim’s ill health “fake news”.
https://zh-prod-1cc738ca-7d3b-4a72-b...s/kimincar.jpgNorth Korean leader Kim Jong Un, via KCNA.While there's been lots of questions and speculation, it still remains no satisfactory answers have been given.
Instead, more contradictory reports out of Seoul based on intelligence sources, which suggest he's been "evacuated" from Pyongyang to a coastal city. The new reports say he's on the move and out of the public eye primarily due to COVID-19 outbreaks among key sectors of the country, also which Pyongyang officials have sought to downplay.
UPI outlines the latest reports as follows:
Kim may have been evacuated to the coastal city of Wonsan, Kangwon Province, where he may have been providing field guidance at a resort construction site, South Korean news service Newsis reported Friday, citing Seoul's national intelligence sources.
According to Newsis, movement has been observed among "dedicated vehicles" for Kim that suggest he may have been evacuated from Pyongyang. A special train for Kim's use was stationed in Wonsan, but Kim's private plane remained in Pyongyang, the report says.
And further, "In the new location, Kim may be carrying out field guidance activities, at Tanchon Hydroelectric Power Plant, or visiting a North Korean artillery unit in Sondok, where short-range projectiles were fired in March," the report speculates based on official sources.
Amid rumours about his health, the North Korean leader has not been seen for days. https://www.newstatesman.com/world/asia/2020/04/unanswered-questions-surrounding-kim-jong-un …
https://pbs.twimg.com/card_img/12536...g&name=600x314
The unanswered questions surrounding Kim Jong-un
Amid rumours about his health, the North Korean leader has not been seen for days.
If he does make an appearance anytime soon, it's likely to be related to North Korea's Military Foundation Day events on Saturday, though reports and official photographs could still take days to be released.
Assuming he is rapidly moving to different locations of the country, it's unlikely his condition would be "gravely ill" as the initial dire headlines speculated. US intelligence is said to be monitoring the situation.
Meanwhile, joint US-South Korea military drills have just wrapped up. The five-day long regularly scheduled air exercise came following the North launching at least five missile tests so far this year, and as Pyongyang's anger and frustration over stalled nuclear talks with Washington is increasingly on display.
- Post #8,231
- Quote
- Apr 24, 2020 9:51pm Apr 24, 2020 9:51pm
- | Commercial Member | Joined Dec 2014 | 11,787 Posts
https://www.zerohedge.com/news/2020-...-homeschooling
by Simon Black via Sovereign Man
For this week’s round-up of articles, we’re taking a look at some of the things the government thinks should be banned in response to coronavirus.
WHO urges governments to ban alcohol during lockdown
Last week we talked about how the World Health Organization was coming for your sick family members.
This week, they want your booze.
Did you know? You can receive all our actionable articles straight to your email inbox... Click here to signup for our Notes from the Field newsletter.
WHO says that alcohol compromises the immune system. And since we are fighting a virus, they think that prohibition is necessary.
In fact, alcohol restrictions can be justified by governments for the same reason coronavirus lockdowns are needed.
WHO notes that even in good times, alcohol is the cause of major health issues, addiction, and death. Alcohol accounts for 3 million deaths per year worldwide– far more than the coronavirus.
So it almost seems like WHO’s argument for banning alcohol has little to do with the coronavirus.
If it’s all about good health and saving lives, why not mandate a WHO-approved diet and exercise regimen for the masses as well? Why not ban sugar while they’re at it?
Where does the madness stop?
Click here to read the full story.
Not that you can disagree with the WHO anyhow…
Speaking of which, it’s difficult to even disagree with the WHO anymore; YouTube’s CEO indicated yesterday that her video platform would delete any content that goes against official WHO guidance.
Specifically she told CNN: “Anything that goes against WHO recommendations would be a violation of our policy. . .”
Bear in mind that the WHO was totally incompetent, especially in the early days of this pandemic. Here’s a quick review:
December 31: China first notifies WHO of the outbreak
January 5: WHO “does not recommend any specific measures for travellers” and “advises against the application of any travel or trade restrictions on China”
January 23: Even as China begins its lockdown of Wuhan and the virus spreads across Asia, WHO still insists “it is still too early to declare a PHEIC” [Public Health Emergency of International Concern].
January 30: WHO still “does not recommend any travel or trade restriction” and praises the Chinese government’s “commitment to transparency.”
February 27: After many countries began introducing travel restrictions, WHO lamented that these restrictions would lead to “unnecessary interference with international traffic, including negative repercussions on the tourism sector.”
March 11: After more than 100,000 cases in dozens of countries worldwide, WHO finally declares this a global pandemic.
Oh I almost forgot: the WHO is the same organization that made a brutal murderer– former Zimbabwean dictator Robert Mugabe– one of its GOODWILL ambassadors! You can’t make this stuff up.
And now YouTube wants to ban content that disagrees with an organization that is corrupt and incompetent.
Click here to read the full story.
Police threaten arrest for Instagram post about coronavirus
Amyiah Cohoon is a high school sophomore who went on a band trip to Disney World in March.
When she came back home she developed a fever and dry cough and doctors “concluded that her symptoms matched those of COVID-19.”
Amyiah posted a picture from the Disney trip on Instagram with a caption telling her friends she had Covid-19 and would not be able to see anyone for a while while she quarantined herself.
After a short stay in the hospital, Amyiah posted a picture from her stay, again with a caption that she was recovering from Covid-19.
The next day, a Sheriff’s Deputy knocked on the family’s door. He demanded that Amyiah delete the Instagram posts, or else he would cite the family for disorderly conduct and “start taking people to jail.”
The family offered to show the Deputy the documents from the hospital proving that doctors believed Amyiah had Covid-19. The Deputy was not interested.
He said the Sheriff told him to make sure the posts were deleted, because the county officially had no confirmed cases of Covid-19.
Intimidated, and threatened with jail, Amyiah compiled and deleted the posts.
Turns out it was the school superintendent who contacted the Sheriff about the Instagram post who claimed it was Amyiah’s “foolish means to get attention.”
Click here to read the lawsuit.
Harvard professor: parents can’t be trusted with their kids
With American schools closed, homeschooling is the new normal for many families. This trend was already increasing, and will probably be accelerated by fears of the continuing spread of coronavirus.
But a Harvard professor Elizabeth Bartholet, the faculty director of the Child Advocacy Program at the law school, is calling for a ban on homeschooling.
She says that homeschooling, “not only violates children’s right to a meaningful education and their right to be protected from potential child abuse, but may keep them from contributing positively to a democratic society.”
She adds that a large percentage of homeschool families are driven by conservative Christian beliefs, which she seems to think constitutes child abuse. . .
Professor Bartholet says that some parents are deliberately trying to keep their kids from the mainstream culture taught in schools which includes “democratic values, ideas about nondiscrimination and tolerance of other people’s viewpoints.”
Yep. She’s all about tolerance of other people’s viewpoints. As long as those viewpoints conform with her own. Otherwise she’s not tolerant.
It is hard to imagine that this is a real person, and not a caricature villain created by Ayn Rand.
Click here to read the full story.
And to continue learning how to ensure you thrive no matter what happens next in the world, I encourage you to download our free Perfect Plan B Guide.
Because... If you live, work, bank, invest, own a business, and hold your assets all in just one country, you are putting all of your eggs in one basket.
You’re making a high-stakes bet that everything is going to be ok in that one country — forever.
All it would take is for the economy to tank, a natural disaster to hit, or the political system to go into turmoil and you could lose everything—your money, your assets, and possibly even your freedom.
Luckily, there are a number of simple, logical steps you can take to protect yourself from these obvious risks:
No Brainer Strategies to Ensure You Thrive No Matter What Happens Next
https://mk0smt6w49ri1qf.kinstacdn.co...-3d-v3.1-s.png
by Simon Black via Sovereign Man
For this week’s round-up of articles, we’re taking a look at some of the things the government thinks should be banned in response to coronavirus.
WHO urges governments to ban alcohol during lockdown
Last week we talked about how the World Health Organization was coming for your sick family members.
This week, they want your booze.
Did you know? You can receive all our actionable articles straight to your email inbox... Click here to signup for our Notes from the Field newsletter.
WHO says that alcohol compromises the immune system. And since we are fighting a virus, they think that prohibition is necessary.
In fact, alcohol restrictions can be justified by governments for the same reason coronavirus lockdowns are needed.
WHO notes that even in good times, alcohol is the cause of major health issues, addiction, and death. Alcohol accounts for 3 million deaths per year worldwide– far more than the coronavirus.
So it almost seems like WHO’s argument for banning alcohol has little to do with the coronavirus.
If it’s all about good health and saving lives, why not mandate a WHO-approved diet and exercise regimen for the masses as well? Why not ban sugar while they’re at it?
Where does the madness stop?
Click here to read the full story.
Not that you can disagree with the WHO anyhow…
Speaking of which, it’s difficult to even disagree with the WHO anymore; YouTube’s CEO indicated yesterday that her video platform would delete any content that goes against official WHO guidance.
Specifically she told CNN: “Anything that goes against WHO recommendations would be a violation of our policy. . .”
Bear in mind that the WHO was totally incompetent, especially in the early days of this pandemic. Here’s a quick review:
December 31: China first notifies WHO of the outbreak
January 5: WHO “does not recommend any specific measures for travellers” and “advises against the application of any travel or trade restrictions on China”
January 23: Even as China begins its lockdown of Wuhan and the virus spreads across Asia, WHO still insists “it is still too early to declare a PHEIC” [Public Health Emergency of International Concern].
January 30: WHO still “does not recommend any travel or trade restriction” and praises the Chinese government’s “commitment to transparency.”
February 27: After many countries began introducing travel restrictions, WHO lamented that these restrictions would lead to “unnecessary interference with international traffic, including negative repercussions on the tourism sector.”
March 11: After more than 100,000 cases in dozens of countries worldwide, WHO finally declares this a global pandemic.
Oh I almost forgot: the WHO is the same organization that made a brutal murderer– former Zimbabwean dictator Robert Mugabe– one of its GOODWILL ambassadors! You can’t make this stuff up.
And now YouTube wants to ban content that disagrees with an organization that is corrupt and incompetent.
Click here to read the full story.
Police threaten arrest for Instagram post about coronavirus
Amyiah Cohoon is a high school sophomore who went on a band trip to Disney World in March.
When she came back home she developed a fever and dry cough and doctors “concluded that her symptoms matched those of COVID-19.”
Amyiah posted a picture from the Disney trip on Instagram with a caption telling her friends she had Covid-19 and would not be able to see anyone for a while while she quarantined herself.
After a short stay in the hospital, Amyiah posted a picture from her stay, again with a caption that she was recovering from Covid-19.
The next day, a Sheriff’s Deputy knocked on the family’s door. He demanded that Amyiah delete the Instagram posts, or else he would cite the family for disorderly conduct and “start taking people to jail.”
The family offered to show the Deputy the documents from the hospital proving that doctors believed Amyiah had Covid-19. The Deputy was not interested.
He said the Sheriff told him to make sure the posts were deleted, because the county officially had no confirmed cases of Covid-19.
Intimidated, and threatened with jail, Amyiah compiled and deleted the posts.
Turns out it was the school superintendent who contacted the Sheriff about the Instagram post who claimed it was Amyiah’s “foolish means to get attention.”
Click here to read the lawsuit.
Harvard professor: parents can’t be trusted with their kids
With American schools closed, homeschooling is the new normal for many families. This trend was already increasing, and will probably be accelerated by fears of the continuing spread of coronavirus.
But a Harvard professor Elizabeth Bartholet, the faculty director of the Child Advocacy Program at the law school, is calling for a ban on homeschooling.
She says that homeschooling, “not only violates children’s right to a meaningful education and their right to be protected from potential child abuse, but may keep them from contributing positively to a democratic society.”
She adds that a large percentage of homeschool families are driven by conservative Christian beliefs, which she seems to think constitutes child abuse. . .
Professor Bartholet says that some parents are deliberately trying to keep their kids from the mainstream culture taught in schools which includes “democratic values, ideas about nondiscrimination and tolerance of other people’s viewpoints.”
Yep. She’s all about tolerance of other people’s viewpoints. As long as those viewpoints conform with her own. Otherwise she’s not tolerant.
It is hard to imagine that this is a real person, and not a caricature villain created by Ayn Rand.
Click here to read the full story.
And to continue learning how to ensure you thrive no matter what happens next in the world, I encourage you to download our free Perfect Plan B Guide.
Because... If you live, work, bank, invest, own a business, and hold your assets all in just one country, you are putting all of your eggs in one basket.
You’re making a high-stakes bet that everything is going to be ok in that one country — forever.
All it would take is for the economy to tank, a natural disaster to hit, or the political system to go into turmoil and you could lose everything—your money, your assets, and possibly even your freedom.
Luckily, there are a number of simple, logical steps you can take to protect yourself from these obvious risks:
No Brainer Strategies to Ensure You Thrive No Matter What Happens Next
https://mk0smt6w49ri1qf.kinstacdn.co...-3d-v3.1-s.png
- Invest outside the mainstream and generate strong returns with minimal risk
- Protect your assets and become invincible to financial crisis and frivolous lawsuits
- Legally slash your tax bill up to $1.2 million each year
- Obtain a valuable second passport… potentially for free
Learn about these and many more strategies in our free Perfect Plan B Guide.
Free Download | Perfect Plan B Guide
- Post #8,232
- Quote
- Apr 25, 2020 10:25am Apr 25, 2020 10:25am
- | Commercial Member | Joined Dec 2014 | 11,787 Posts
https://www.armstrongeconomics.com/i...side-in-april/
Coronavirus to Subside in April
Blog/Disease
Posted Mar 9, 2020 by Martin Armstrong
https://d33wjekvz3zs1a.cloudfront.ne...onavirus-9.jpg
We have been in contact with very high-level people and the expectation is that the coronavirus (COVID-19) will subside in April with the normal flu season. This may be more in line with our model which is pointing to 2022 as the worst in such disease periods. Diseases of this nature love cold weather. They do not thrive in warming periods. This is why the flu season comes at the end of the summer.
However, one of the surprising features of the coronavirus was how few children seemed to have been identified as infected. This is very unusual compared to influenza which children normally contract. While both the flu and COVID-19 may be transmitted in similar ways, there is also a possible difference: COVID-19 might be spread through the airborne route, meaning that tiny droplets remaining in the air could cause disease in others even after the ill person is no longer near.
As it stands now, the COVID-19 has been approximately 107,644 cases worldwide with 437 cases in the U.S. as of Mar. 8, 2020. The flu, on the other hand, is estimated to have reached 1 billion cases worldwide with 9.3 million to 45 million cases in the U.S. per year.
While the market crash has been blamed on the COVID-19, this is really just an excuse for a market that was ripe for a correction anyway.
Categories: Disease
Tags: 2022, coronavirus, disease, flu
« Coronavirus Panic
Never let a Good Crisis Go to Waste »
Coronavirus to Subside in April
Blog/Disease
Posted Mar 9, 2020 by Martin Armstrong
https://d33wjekvz3zs1a.cloudfront.ne...onavirus-9.jpg
We have been in contact with very high-level people and the expectation is that the coronavirus (COVID-19) will subside in April with the normal flu season. This may be more in line with our model which is pointing to 2022 as the worst in such disease periods. Diseases of this nature love cold weather. They do not thrive in warming periods. This is why the flu season comes at the end of the summer.
However, one of the surprising features of the coronavirus was how few children seemed to have been identified as infected. This is very unusual compared to influenza which children normally contract. While both the flu and COVID-19 may be transmitted in similar ways, there is also a possible difference: COVID-19 might be spread through the airborne route, meaning that tiny droplets remaining in the air could cause disease in others even after the ill person is no longer near.
As it stands now, the COVID-19 has been approximately 107,644 cases worldwide with 437 cases in the U.S. as of Mar. 8, 2020. The flu, on the other hand, is estimated to have reached 1 billion cases worldwide with 9.3 million to 45 million cases in the U.S. per year.
While the market crash has been blamed on the COVID-19, this is really just an excuse for a market that was ripe for a correction anyway.
Categories: Disease
Tags: 2022, coronavirus, disease, flu
« Coronavirus Panic
Never let a Good Crisis Go to Waste »
- Post #8,233
- Quote
- Apr 25, 2020 10:36am Apr 25, 2020 10:36am
- | Commercial Member | Joined Dec 2014 | 11,787 Posts
https://mises.org/wire/bust-wasnt-ca...fe45-228796279
This Bust Wasn't Caused by a Virus
This Bust Wasn't Caused by a Virus
TAGS Booms and BustsFinancial MarketsLabor and Wages
04/24/2020Mark Thornton
On February 10 the stock markets were at all-time highs, with the Dow 30 at almost 30,000. The unemployment rate was at an all-time low and interest rates around most of the world were at all-time lows.
With interest rates near zero for an entire decade, the value of stocks, bonds, real estate, land, and virtually any asset was artificially inflated. As a result, total household net worth doubled, increasing from $60 trillion to $120 trillion!
People were saying that things were too good to be true. Everything from giggling about personal finances at the gym to people embarking on unlikely business projects, and business owners being shocked when told it would not last, and even record-breaking skyscrapers. Things were too good to be true.
Now the popular refrain is that the coronavirus caused the economy to collapse. The government shut down the economy, putting people out of work. so there has been less consumption. Whole industries have been shuttered. The unemployment rate has skyrocketed, increasing by more than 10 percent in the last couple of weeks.
It is easy to see how politicians, the media, and even real people see this coronavirus situation as causing the economic collapse. A caused B. This in turn created the supposed need for trillions of dollars in subsidies, bailouts, and unemployment benefits. Plus the Federal Reserve would have to inject many more trillions of dollars to bail out every aspect of the financial industry including junk bonds and student loans.
All of this is false in the sense that A did not cause B. A, the coronavirus, did not cause B, the economic crisis; it merely triggered it, causing it to occur earlier than it would have. It may have also accelerated the collapse, and will likely deepen the trough of the crisis in business cycle terms.
In other words, the economy was weak, not strong. The fundamentals were weak, not strong. Balance sheets were weak, not strong.
This weakness could be clearly seen when President Trump began to publicly attack Federal Reserve chairman Jerome Powell for raising interest rates by 2 percent, which he rightly thought would hurt the stock market and his reelection chances.
The stock market thrived when interest rates were negative when adjusted for price inflation. However, when Powell pushed the inflation-adjusted rate to near zero, stock markets stalled and all political hell broke loose.
Let’s get back to the economic fundaments prior to the coronavirus. We are all consumers, so, starting with the consumer we find that, as a whole, consumers had a great deal of debt and not much in the way of savings.
There was certainly an effort to increase savings after the housing bubble crisis. The personal savings rate, which had fallen to 2 percent before the previous crisis (the housing bubble), had now risen to 7 percent but was still well below the 10+ percent that was normal when we on the gold standard.
The main villains behind a depressed savings rate are inflation and taxation on interest income. One-third of American households have zero savings and 60 percent have less than $1000. In effect, the Fed and the Treasury have needlessly put millions of households at risk.
Consumer debt is now more than double the amount prior to the last crisis, student loans are now more than $1.6 trillion, and the combined consumer credit of households and nonprofits is over $4 trillion. And, of course, this debt is not evenly distributed across the population, as some people have enormous debts relative to their ability to pay and some have none.
Before the virus, the labor market was also a mess despite a record low unemployment rate. There were millions of jobs that were going unfilled and millions of college graduates who could not get jobs in their desired fields, but who were instead working as waiters and bartenders and living at home. One of the biggest villains here is student loans, which encourage too many teens into college and put them on unproductive career paths.
The other big factor distorting the labor market is the Fed and its monetary policy. The unpreceded decade-long zero interest rate policy has caused a massive business cycle. Here, by artificially causing malinvestments, the Fed changed what types of jobs are in high demand and distorted income distribution as well.
In general, the Fed’s interest policy has increased the demand for very highly skilled workers such as electrical engineers, biochemists, and patent attorneys with graduate degrees. The increased demand for these types of labor has increased wages and distorted the distribution of incomes.
These types of workers are necessary to produce such things as new iPhones, software platforms, computer chips, and pharmaceuticals, all of which require a significant amount of work by patent attorneys.
Another way to view the distortions in the labor market is to take note of the number of job openings. In December 2019 the number of openings was 7.3 million, the highest number since it began to be counted in 2000. One of the reasons I suspected an economic crisis was around the corner was that this number stopped climbing and began to fall noticeably, before it recently plummeted.
Meanwhile, the unemployment rate for recent college graduates had been 41 percent and about one-third of all college graduates are underemployed, meaning that their job does not require a college degree. Remember, total student loan debt has skyrocketed to $1.6 trillion. These are all signs of a badly distorted labor market.
The too much debt/too little savings distortion can also apply to businesses and corporations, especially financial institutions. Some corporations have plenty of cash, such as Apple. It was so flush with cash that they started giving dividends to their shareholders.
But more telling is the problem of corporations using cash to buy back shares in their own company instead of investing in productivity. Another was the recent wave of mergers and acquisitions. Apparently, the Fed’s zero interest rate policy has driven the marginal return of capital so close to zero that corporations have resorted to these types of financial manipulations in an attempt to increase profits.
In summary, despite stellar numbers in the stock market and an all-time low unemployment rate, the US economy was already headed for an economic crisis.
Prior to this economic crisis, we could clearly see that many consumers could barely pay their bills and had virtually no savings to rely on. The labor market was also badly distorted, with highly skilled markets booming, a record number of job openings, and massive numbers of recent college students unemployed or underemployed. Finally, the corporate market was also distorted, with firms using atypical financial manipulations such as share buybacks and mergers to increase profits. The viral pandemic merely triggered or revealed what was ultimately going to happen.
Author:
Contact Mark Thornton
Mark Thornton is a Senior Fellow at the Mises Institute and the book review editor of the Quarterly Journal of Austrian Economics. He has authored seven books and is a frequent guest on national radio shows.
https://i.creativecommons.org/l/by-nc-nd/4.0/88x31.png
- Post #8,234
- Quote
- Apr 25, 2020 11:09am Apr 25, 2020 11:09am
- | Commercial Member | Joined Dec 2014 | 11,787 Posts
More Hanky Panky Behind The Price
Posted April 24th, 2020 at 8:46 AM (CST) by J. Johnson & filed under General Editorial.
Great and Wonderful Friday Morning Folks,
Gold is doing it again, going higher 3 days in a row with June Gold at $1,757.80 up $12.60 and right close to the high at $1,760.20 with the low at $1,742.20. Silver, the red headed step child, is still being dragged along with the July contract at $15.625, up 9.9 cents with the high nearby at $15.655 and the low at $15.440. The US Dollar is still stuck under the support of the algos (not real trading) with the value pegged at 100.430, down 10.5 points after it rallied to 100.975 with the low nearby at 100.375. Of course all this was done, while we slept, before 5 am pst, the Comex open, the London close, and after one of the last surviving Mall Queens prepares for bankruptcy. These closures remind me of the days of Montgomery Wards and Zody’s which were around before the malls showed up, now it’s the malls turn, as we watch online shopping take over everything.
Venezuelans are now paying 40.95 more Bolivars per ounce for Gold with today’s price at 17,556.03 with Silver buyers being charged less with the price at 156.055 Bolivar as 1.698 got shaved off its value. In Argentina, Golds price gained another 410.18 Peso’s with the trade at 116,507.91 with Silver losing 10.4 in A-Peso value with the price at 1,035.42. The Turks had to add another 60.71 Lira’s to yesterday’s price for Gold in order to buy an ounce with today’s price at 12,253.21 with Silver buyers getting an 0.896 T-Lira discount with the price at 108.918.
April Silver Delivery Demands now show a post of 21 fully paid for contracts after yesterday’s total Volume reached 21 inside a trading range between $15.665 and $15.43 for the first 20 contracts, with the last single lot buy/sell at $15.36 with the Comex adjusted close at $15.348. So, what are we to believe here? Did those Resolute 23s magically get filled all at once after 5 days of waiting, as this new order got added, or is there more hanky panky behind the numbers and price? As of right now, there is no volume and no price to offer within the delivery system as we wait out the closing of the April Options this coming Monday, then the last trading day for the April delivery cycle hits Tuesday, with the First Notice day for the May contracts arriving on Thursday. The Shorts in Silver had to add another 1,329 more contracts in order to keep Silver from rising any higher yesterday, and in order to set up the futures price crush, once again, for Monday’s Options Expiration. Don’t you worry, just like negative Crude Oil, it’s all about the largest holders of positions and not the masses of traders the regulators cater to. The governing bodies are making sure this theft is legal as they look the other way till their paychecks get stopped, with the total count now at 143,088 Overnighters.
April Gold Delivery demands now shows a count of 406 fully paid for contracts, proving 140 buy orders finally got receipts after yesterday’s trading range between $1,745.10 and $1,734.00 with the last buy order price at $1,741.40 yet the closing price was adjusted down to $1,733.30. As of right now, today’s Volume shows 67 more contracts got traded out with a singular price of $1,744.00. Gold’s Overall Open Interest gained another 743 short contracts in order to surprise us with Monday’s declines into the Options Expiration with the total count now at 498,956 Overnighter’s still in the trade. After watching this game as long as we have, I’m sure we all hope that one day, Mr. Resolute will step in on Options Expiration Day, and simply load up on the physical buys and bury or blow out the shorts. Wouldn’t that be a hoot?
This game we are all forced to deal with, has been a challenge to say the very least. We have observed institutional manipulations using Algo’s to control the prices, as the thefts occur in all sectors of commodities and stocks. The game is coming to an end because the Algos and their government employed bodies can no longer hide behind anything, as they allowed physical products to trade into the negative by all the fake products, they claim have value. Nobody with a working brain is going to hold a debt instrument in conditions like these, with no one working, and in fear of not having a job going into the rest of the year. What about the Cattle Rancher or Pig Farmer, or the Soybean, Wheat, Corn farmers after they witnessed Crude Oil going negative? If they are on the wrong side of a futures hedge, they could seriously lose everything because an Invisible Enemy is inside the regulators who are suppose to make sure everything is fair. Not for one side of the trade but for everybody. Imo, it is right here that they have failed our nations investors, but not the companies these regulators came from.
We even have a guy who claims to have the only computer program, that thinks his computers knows everything about the markets and thinks only he can save the world, and that the elected president should be listening to him because he has a stellar track record with many governments asking for his direction. Of course, his resume is lacking about 10 years of not working, when he was governed into an 8 by 10.
Holding physical precious metals, with a nice supply of food, toilet paper, and ammo, is still the most comforting. We’re still waiting for the Market Makers to come up with all those negative options below Zero for petroleum, when all they really have to do is sell a Call or sell a Put and get the same outcome if the market goes below zero again, but don’t let that get in the way of their story. In the meantime, have a great weekend, keep that smile on your face with the knowledge that physical Silver and Gold is a hell of a lot safer than leaving your money in the hands of those that have computers that know better than you. Keep that smile on your face and a prayer in the heart and as always ….
Stay Strong!
Jeremiah Johnson
Jim’s Mailbox
Posted April 23rd, 2020 at 9:29 AM (CST) by Jim Sinclair & filed under Jim's Mailbox.
JB,
And from whence will the funds come to pay for it all?
Your pal,
Jim
Posted April 24th, 2020 at 8:46 AM (CST) by J. Johnson & filed under General Editorial.
Great and Wonderful Friday Morning Folks,
Gold is doing it again, going higher 3 days in a row with June Gold at $1,757.80 up $12.60 and right close to the high at $1,760.20 with the low at $1,742.20. Silver, the red headed step child, is still being dragged along with the July contract at $15.625, up 9.9 cents with the high nearby at $15.655 and the low at $15.440. The US Dollar is still stuck under the support of the algos (not real trading) with the value pegged at 100.430, down 10.5 points after it rallied to 100.975 with the low nearby at 100.375. Of course all this was done, while we slept, before 5 am pst, the Comex open, the London close, and after one of the last surviving Mall Queens prepares for bankruptcy. These closures remind me of the days of Montgomery Wards and Zody’s which were around before the malls showed up, now it’s the malls turn, as we watch online shopping take over everything.
Venezuelans are now paying 40.95 more Bolivars per ounce for Gold with today’s price at 17,556.03 with Silver buyers being charged less with the price at 156.055 Bolivar as 1.698 got shaved off its value. In Argentina, Golds price gained another 410.18 Peso’s with the trade at 116,507.91 with Silver losing 10.4 in A-Peso value with the price at 1,035.42. The Turks had to add another 60.71 Lira’s to yesterday’s price for Gold in order to buy an ounce with today’s price at 12,253.21 with Silver buyers getting an 0.896 T-Lira discount with the price at 108.918.
April Silver Delivery Demands now show a post of 21 fully paid for contracts after yesterday’s total Volume reached 21 inside a trading range between $15.665 and $15.43 for the first 20 contracts, with the last single lot buy/sell at $15.36 with the Comex adjusted close at $15.348. So, what are we to believe here? Did those Resolute 23s magically get filled all at once after 5 days of waiting, as this new order got added, or is there more hanky panky behind the numbers and price? As of right now, there is no volume and no price to offer within the delivery system as we wait out the closing of the April Options this coming Monday, then the last trading day for the April delivery cycle hits Tuesday, with the First Notice day for the May contracts arriving on Thursday. The Shorts in Silver had to add another 1,329 more contracts in order to keep Silver from rising any higher yesterday, and in order to set up the futures price crush, once again, for Monday’s Options Expiration. Don’t you worry, just like negative Crude Oil, it’s all about the largest holders of positions and not the masses of traders the regulators cater to. The governing bodies are making sure this theft is legal as they look the other way till their paychecks get stopped, with the total count now at 143,088 Overnighters.
April Gold Delivery demands now shows a count of 406 fully paid for contracts, proving 140 buy orders finally got receipts after yesterday’s trading range between $1,745.10 and $1,734.00 with the last buy order price at $1,741.40 yet the closing price was adjusted down to $1,733.30. As of right now, today’s Volume shows 67 more contracts got traded out with a singular price of $1,744.00. Gold’s Overall Open Interest gained another 743 short contracts in order to surprise us with Monday’s declines into the Options Expiration with the total count now at 498,956 Overnighter’s still in the trade. After watching this game as long as we have, I’m sure we all hope that one day, Mr. Resolute will step in on Options Expiration Day, and simply load up on the physical buys and bury or blow out the shorts. Wouldn’t that be a hoot?
This game we are all forced to deal with, has been a challenge to say the very least. We have observed institutional manipulations using Algo’s to control the prices, as the thefts occur in all sectors of commodities and stocks. The game is coming to an end because the Algos and their government employed bodies can no longer hide behind anything, as they allowed physical products to trade into the negative by all the fake products, they claim have value. Nobody with a working brain is going to hold a debt instrument in conditions like these, with no one working, and in fear of not having a job going into the rest of the year. What about the Cattle Rancher or Pig Farmer, or the Soybean, Wheat, Corn farmers after they witnessed Crude Oil going negative? If they are on the wrong side of a futures hedge, they could seriously lose everything because an Invisible Enemy is inside the regulators who are suppose to make sure everything is fair. Not for one side of the trade but for everybody. Imo, it is right here that they have failed our nations investors, but not the companies these regulators came from.
We even have a guy who claims to have the only computer program, that thinks his computers knows everything about the markets and thinks only he can save the world, and that the elected president should be listening to him because he has a stellar track record with many governments asking for his direction. Of course, his resume is lacking about 10 years of not working, when he was governed into an 8 by 10.
Holding physical precious metals, with a nice supply of food, toilet paper, and ammo, is still the most comforting. We’re still waiting for the Market Makers to come up with all those negative options below Zero for petroleum, when all they really have to do is sell a Call or sell a Put and get the same outcome if the market goes below zero again, but don’t let that get in the way of their story. In the meantime, have a great weekend, keep that smile on your face with the knowledge that physical Silver and Gold is a hell of a lot safer than leaving your money in the hands of those that have computers that know better than you. Keep that smile on your face and a prayer in the heart and as always ….
Stay Strong!
Jeremiah Johnson
Jim’s Mailbox
Posted April 23rd, 2020 at 9:29 AM (CST) by Jim Sinclair & filed under Jim's Mailbox.
JB,
And from whence will the funds come to pay for it all?
Your pal,
Jim
- Post #8,235
- Quote
- Edited 11:24am Apr 25, 2020 11:12am | Edited 11:24am
- | Commercial Member | Joined Dec 2014 | 11,787 Posts
https://realinvestmentadvice.com/mar...rm=READ%20MORE
Market Stalls, Is The “Bear Market” Rally Over? – Full Report
Written by Lance Roberts | Apr 25, 2020
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Market Stalls, Is The “Bear Market” Rally Over? – Full Report
Written by Lance Roberts | Apr 25, 2020
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- Market Stalls, Is The Bear Market Rally Over?
- MacroView: This Time Might Be Different
- Financial Planning Corner: Top Planning Questions Answered
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Market Stalls, Is The Bear Market Rally Over?
Market rally stalls at resistance, is the “bear market rally over?”
That’s the question we have been discussing over the last few weeks. So far, most of it has played out exactly as expected by turning previous “selling panic” into a “buying rush,” and convincing a vast majority of investors the “bull market is back.”
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I get it. The market has rallied 27% from its lows after falling by 35%. From sheer “panic” to unadulterated “exuberance” in four weeks. However, investors are still down 12% for the year.
The Revenant
As we discussed in “The Revenant,” this is what you should have expected:
“Bob Farrell, a legendary investor, is famous for his 10-Investment Rules to follow. Rule #8 states:
Bear markets have three stages – sharp down, reflexive rebound and a drawn-out fundamental downtrend
- Bear markets often START with a sharp and swift decline.
- After this decline, there is an oversold bounce that retraces a portion of that decline.
- The longer-term decline then continues, at a slower and more grinding pace, as the fundamentals deteriorate.
Dow Theory also suggests that bear markets consist of three down legs with reflexive rebounds in between.”
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As would be expected, the “Phase 1” sell-off was brutal and set up the “reflexive bounce.”
“For many individuals, they will ‘feel like’ they are ‘safe.’ Such is how ‘bear market rallies’ lure investors back in just before they are mauled again in ‘Phase 3.’” – March 14th.
Note the date, which was well before the March 23rd lows.
A month later, and I am overwhelmed with emails telling me the “bull market is back.”
Maybe, it is.
But I tend to agree with Victor Adair of Polar Trading on this point:
“Massive monetary and fiscal stimulus in March and April will ‘counter’ the deflationary surge to some extent, but it’s not a one-for-one ‘offset.’ The deflationary impulse will continue and will be pervasive and enduring. While equity speculators have been BTD lately, the bond market, commodities, and FX have been skeptical.
I agree with folks who say that the Fed kept monetary policy way too easy for way too long. It encouraged way too much leverage everywhere. Now leverage is being punished, and the Fed is riding to the rescue. I guess that leverage keeps getting punished, and reduced, despite the Fed’s best efforts.
We’ve seen a bear market rally in the major stock indices since the March 23rd lows. However, the economic damage is underestimated at this point, and as it becomes more evident we will see a test of the lows.”
Short-Term Overbought
Regardless, in the short-term, the markets remain incredibly overbought and extended after the run from the lows. As noted last week:
“On a very short-term basis, the previous ‘deep oversold’ condition that provided the ‘fuel’ for the rally has been reversed. Also, all primary ‘overbought/sold’ indicators are now fully extended into overbought territory.”
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The rally has run into key downtrend resistance, and remains close to triggering a short-term “sell signal” from overbought levels.
If the markets can rally more on Monday and break above the downtrend, the 61.8% retracement level becomes a viable target. Above that resides the 200-day moving average. Both levels are going to provide formidable resistance to a move higher.
Such is particularly the case considering the avalanche of exceedingly negative data coming over the next several weeks from earnings to economics.
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Speaking Of Earnings
On Tuesday, I did a deep dive into S&P earnings:
“More importantly, the chart below shows the comparison of the original and latest estimates for April. In our first analysis, earnings were to decline from Q4-2019 levels of $139.47 to $136.18 and $131.09, respectively, in Q1 and Q2 of 2020. That is a decline of -2.3% in Q1 and a total decline of -6% in Q2.
Those numbers are now revised for a decline of -4.4% in Q1, and a total decline of 10.2% in Q2.”
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So, with the entire U.S. economy shut down, 15-20% unemployment, and -20% GDP, earnings are only expected to decline by 10%?
But if you are chasing the market currently, this is what you are “buying into.”
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Ingredients For A Bull Market Still Missing
As I discussed with our RIAPro Subscribers (30-day Risk-Free Trial) last week, the ingredients for a bull market are still missing.
“Bear market rally: It’s a big bounce, indeed, but that is what it is. A rally in the context of a bear market that began on February 19th. The fact that we are coming off the best two weeks for the Dow (+15.2%) since 1938 (a huge recession within the Great Depression) just about tells you all you need to know.
The market has certainly ‘ripped’ off the March lows, but there is still quite a bit of pain out there. The Russell 2000 index has only recouped one-third of its loss and is down 28% from the peak.” – David Rosenberg
The ratio of the Russell 2000 to the S&P 500 tells you all you need to know.
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Also, the advance-decline line and the number of stocks trading below their 50- and 200-day moving averages are still incredibly weak.
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As David concluded:
“The bear market is intact, even after the S&P 500 equal-weight index has staged a half-way comeback, it is down 21% from the February highs.
I recommend a read of the FT column titled Mind the Gap Between the Markets and the Real Economy. That’s the view from the stock market lens. A very bipolar market with several key segments still deeply injured. There is no durable rally you can count on without the banks participating, that much I do know. With small-caps being the true leading economic indicator, they remain entangled in a bear market; too many people are getting fooled by the mega-cap growth stocks (with a dominant 22% share of the market cap) carrying the S&P 500 on its shoulders.”
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The Ranges Remain
What this all suggests is that “risk” still outweighs the potential “reward” of being aggressively invested in the markets currently.
It is worth remembering in January, and February, as the Fed was flooding the system with overnight liquidity via “repo operations,” we were recommending taking profits and reducing risks.
“When you sit down with your portfolio management team, and the first comment made is ‘this is nuts,’ it’s probably time to think about your overall portfolio risk.
On Friday, that was how the investment committee both started and ended – ‘this is nuts.’ Such is why we took profits and reduced our risk.”
I remind you of this point as investors are chasing markets due to Fed liquidity, but as we saw in early March, the Fed’s “invisible hand” is not infallible.
The risk/reward ranges remain unchanged for the week as the market didn’t change much.
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“Friday’s close brings the 61.8% retracement level AND the 200-dma into focus as the next resistance levels. The upside in the market remains limited to 4.5% to 7% currently. (This is certainly nothing to sneeze at, considering such would be regarded as a decent year’s worth of returns. That just shows how skewed things are currently.)
The downside risk ranges are a bit more disappointing.
- -4.7% to the previous 50% retracement level: risk/reward equally balanced.
- -12.5% to the previous higher low: risk/reward is mildly out of favor.
- -20.5% to the March 23rd low: risk/reward extremely out of favor.
From an optimistic view, a reopening of the economy, a virus vaccine, and an immediate return to low single-digit unemployment rates would greatly expand the bullish ranges for the market.
However, even a cursory review of the data suggests a more “realistic” view. The economic damage is going to be with us for a while. Until earnings estimates are revised substantially lower to reflect the ‘actual economy,’ I have to presume the relevant risks outweigh the current reward.”
We continue to remain long our reduced equity exposure and have been buying undervalued opportunities over the last few weeks. However, we are also balancing that equity exposure with offsetting hedges and a larger than average level of cash. We also have been increasing our duration in our bond portfolios as well as interest rates will continue to head toward ZERO this summer.
Just remember, when the market does bottom, there will be no one wanting to “buy.”
We aren’t there yet.
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The MacroView
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If you need help or have questions, we are always glad to help. Just email me.
See You Next Week
By Lance Roberts, CIO
Financial Planning Corner
12 Steps to a Financially Savvy & Secure Retirement
If you missed RIA’s most comprehensive retirement preparation webinar for pre & new retirees last week, we have got you covered. Topics include Social Security, Medicare, tax-friendly retirement income, and senior housing strategies.
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Just CLICK THE LINK to register and watch “On Demand.”
If you have any questions afterward, [color=#0000FF][i]don’t hesitate to email me.[/i][/color]
by Danny Ratliff, CFP
Market & Sector Analysis
Data Analysis Of The Market & Sectors For Traders
S&P 500 Tear Sheet
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Performance Analysis
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NOTE: I have rarely seen EVERY SECTOR overbought this much all at the same time. The market WILL CORRECT from these levels.
Technical Composite
Note: The technical gauge bounced from the lowest level since both the “Dot.com” and “Financial Crisis.” However, note the gauge bottoms BEFORE the market bottoms. In 2002, the market retested lows. In 2008, there was an additional 22% decline in early 2009.
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ETF Model Relative Performance Analysis
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Sector & Market Analysis:
Be sure and catch our updates on Major Markets (Monday) and Major Sectors (Tuesday) with updated buy/stop/sell levels
Sector-by-Sector
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Improving – Discretionary (XLY), and Materials (XLB)
As noted last week, there is no rush to get into either Discretionary or Materials stocks until AFTER we get through earnings season. The economic shutdown is going to devastate the discretionary sector, focus on Staples for the time being. Early indications for earnings in the sector are terrible. These sectors are still lagging our primary holdings.
Current Positions: No Positions
Outperforming – Technology (XLK), Communications (XLC), Staples (XLP), Healthcare (XLV), Utilities (XLU), and Real Estate (XLRE)
A month ago, we shifted exposures in portfolios and added to our Technology and Communications sectors, bringing them up to weight. We remain long sectors that are currently outperforming the S&P 500 on a relative basis and have less “virus” exposure and added Utilities and Staples positions.
Everything is getting very overbought and extended in these sectors; we need a corrective pullback to add more to our holdings.
Current Positions: XLK, XLC, XLP, XLV, XLU
Weakening – None
No sectors in this quadrant.
Current Position: None
Lagging – Industrials (XLI), Financials (XLF), and Energy (XLE)
Financials continue to underperform the market. You can NOT have a lasting bull market rally without financials participating. As we have said previously, this sector, in particular, is THE most sensitive to Fed actions (XLF) and the shutdown of the economy (XLI).
We did start nibbling on exposure in the Energy sector this past week by adding some minimal positions which have been outperforming relative to the price of oil. It is WAY too early to be overly aggressive in the sector.
Current Position: 1/3rd Position XLE
Market By Market
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Small-Cap (SLY) and Mid Cap (MDY) – We sold all small-cap and mid-cap exposure earlier this year over concerns of the impact of the coronavirus. We remain out of these sectors for now, and there is no rush to add them anytime soon. Be patient, small, and mid-caps are lagging badly. You can not have a “bull market” without “small and mid-cap” stocks participating. Such is currently the case and suggests the current rally remains a “bear market” rally.
Current Position: None
Emerging, International (EEM) & Total International Markets (EFA)
Same as Small-cap and Mid-cap. Given the spread of the virus and the impact on the global supply chain.
Current Position: None
S&P 500 Index (Core Holding) – Given the overall uncertainty of the broad market, we previously closed out our long-term core holdings. We will re-add a core once we see a bottom in the market has formed.
Current Position: None
Gold (GLD) – We previously added additional exposure to both our GDX and IAU positions and are comfortable with our exposure currently. With the Fed going crazy with liquidity, this will be good for gold long-term, so we continue to add to our holdings on corrections.
We also added a position in the Dollar last week (UUP) as the U.S. dollar shortage continues to rage and is larger than the Fed can offset.
Current Position: 1/2 weight GDX, 2/3rd weight IAU, 1/2 weight UUP
Bonds (TLT) –
Bonds have rallied as the Fed has become THE “buyer” of bonds on both a “first” and “last” resort. Simply, “bonds will not be allowed to default,” as the Fed will guarantee payments to creditors. As we have been increasing our “equity” exposure in portfolios over the last few weeks, we added a position in TLT on Friday to increase our “risk” hedge in portfolios currently.
Current Positions: SHY, IEF, BIL, TLT
Sector / Market Recommendations
The table below shows thoughts on specific actions related to the current market environment.
(These are not recommendations or solicitations to take any action. Such is for informational purposes only related to market extremes and contrarian positioning within portfolios. Use at your own risk and peril.)
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Portfolio / Client Update
We continue to look for opportunities where we can add exposure while still controlling overall risk. I encourage you to read last week’s missive in full if you are “getting all bullish” on the market, and think you want more exposure to equity risk.
This past week, the market struggled at the 50% retracement level but is holding the 50-dma (which is bullish short-term.) As discussed last week, there is indeed some short-term upside, but as we head into the summer months, the relative risk/reward ratio is not in our favor.
Furthermore, earnings and economic data have been horrific. While the markets do not seem to care at the moment, in hopes that there will be a rapid “V-shaped” recovery in the market, this data will eventually matter. It is not a question of “if” just a matter of “when.”
While investors are scrambling to chase markets currently, they are buying stocks with absolutely no visibility into earnings or outlooks. This type of investing tends to turn out badly. It is also important to note that participation is incredibly weak, and volume remains very low. These aren’t signs of recovering bull market.
We did add some exposure.
On Thursday, we added some small energy exposures to portfolios. (XOM, CVX in the Equity Model and XLE in the ETF model.) As we noted at the time:
“We added positions in Exxon (XOM), Chevron (CVX), and the SPDR Energy ETF (XLE) to our portfolios. We believed the companies offered significant value before the crisis and offer even more today despite the sell-off in oil.
Based on our discounted cash flow model for XOM and CVX, we think that both stocks are about 25% undervalued. The model assumes very conservative earnings projections for the next three years and a low earnings growth rate after that.
In addition to trading at a good discount, we think their strong balance sheets put these companies in a prime position to purchase sharply discounted energy assets in the months ahead. These stocks and the sector will be volatile for a while, but we intend to add to these positions in the future and potentially hold them for a long time.”
On Friday, we added a position of TLT (20-year Treasury Bond ETF) to portfolios.
“As we continue to add some equity exposure in areas that we like or are undervalued, we are hedging that risk accordingly.
Previously, we reduced our bond portfolio to align with our reduced equity exposure, however, over the last few of weeks, we have been adding positions in CLX, MRK, CAG, XLE, XOM, and CVX, along with increasing exposures in our Staples (XLP), Healthcare (XLV) and Communications (XLC).
Today, we are increasing our bond exposure a “smidge” to compensate for the risk of increased equity exposure by adding a 5% weight of TLT (iShares 20-Year Treasury Bond) to portfolios. Such will increase our “duration,” so if the market declines, the pickup in yield will hedge equity risk to some degree.”
Our process is still to participate in markets while preserving capital through risk management strategies.
We will continue to trade opportunistically, but as noted last week, ultimately we WILL MISS the bottom. We are going to wait to see “the bottom” has been put in; then, we will aggressively add exposure. At such a point, risk and reward will be clearly in our favor.
We continue to remain very defensive and are in an excellent position with plenty of cash, reduced bond holdings, and minimal equity exposure in companies we want to own for the next 10-years. Just remain patient with us as we await the right opportunity to build holdings with both stable values, and higher yields.
Please don’t hesitate to contact us if you have any questions or concerns.
Lance Roberts
CIO
- Post #8,236
- Quote
- Apr 25, 2020 11:29am Apr 25, 2020 11:29am
- | Commercial Member | Joined Dec 2014 | 11,787 Posts
https://www.theburningplatform.com/2...-2000-or-2008/
No, This Is Not Another 1929, 1973, 1987, 2000, Or 2008
Authored by Charles Hugh Smith via OfTwoMinds blog,
Basing one’s decisions on analogs from the past is entering a fool’s paradise of folly.
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Like addicts who cannot control their cravings, financial analysts cannot stop themselves from seeking some analog situation in the past which will clarify the swirling chaos in their crystal balls. So we’ve been swamped with charts overlaying recent stock market action over 1929, 1987, 2000 and 2008–though the closest analogy is actually the Oil Shock of 1973, an exogenous shock to a weakening, fragile economy.
But the reality is there is no analogous situation in the past to the present, and so all the predictions based on past performance will be misleading. The chartists and analysts claim that all markets act on the same patterns, which are reflections of human nature, and so seeking correlations of volatility and valuation that “worked” in the past will work in 2020.
Does anyone really believe the correlations of the past decade or two are high-probability predictors of the future as the entire brittle construct of fictional capital and extremes of globalization and financialization all unravel at once?
Here are a few of the many consequential differences between all previous recessions and the current situation:
2. Real earnings (adjusted for inflation) have nevet been so stagnant for the bottom 90% for so long.
3. Corporations have never been so dependent on debt (selling bonds or taking on loans) to fund money-losing operations (see Netflix) or stock buybacks designed to saddle the company with debt service expenses to enrich insiders.
4. The stock market has never been so dependent on what amounts to fraud–stock buybacks–to push valuations higher.
5. The economy has never been so dependent on absurdly overvalued stock valuations to prop up pension funds and the spending of the top 10% who own 85% of all stocks, i.e. “the wealth effect.”
6. The economy and the stock market have never been so dependent on central bank free money for financiers and corporations, money creation for the few at the expense of the many, what amounts to an embezzlement scheme.
7. Federal statistics have never been so gamed, rigged or distorted to support a neofeudal agenda of claiming a level of wide-spread prosperity that is entirely fictitious.
8. Major sectors of the economy have never been such rackets, i.e. cartels and quasi-monopolies that use obscure pricing and manipulation of government mandates to maximize profits while the quality and quantity of the goods and services they produce declines.
9. The economy has never been in such thrall to sociopaths who have mastered the exploitation of the letter of the law while completely overturning the spirit of the law.
10. Households and companies have never been so dependent on “free money” gained from asset appreciation based on speculation, not an actual increase in productivity or value.
11. The ascendancy of self-interest as the one organizing directive in politics and finance has never been so complete, and the resulting moral rot never more pervasive.
12. The dependence on fictitious capital masquerading as “wealth” has never been greater.
13. The dependence on simulacra, simulations and false fronts to hide the decay of trust, credibility, transparency and accountability has never been so pervasive and complete.
14. The corrupt linkage of political power, media ownership, “national security” agencies and corporate power has never been so widely accepted as “normal” and “unavoidable.”
15. Primary institutions such as higher education, healthcare and national defense have never been so dysfunctional, ineffective, sclerotic, resistant to reform or costly.
16. The economy has never been so dependent on constant central bank manipulation of the stock and housing markets.
17. The economy has never been so fragile or brittle, and so dependent on convenient fictions to stave off a crash in asset valuations.
18. Never before in U.S. history have the most valuable corporations all been engaged in selling goods and services that actively reduce productivity and human happiness.
This is only a selection of a much longer list, but you get the idea. Basing one’s decisions on analogs from the past is entering a fool’s paradise of folly.
-----------------------------------------------------
The corrupt establishment will do anything to suppress sites like the Burning Platform from revealing the truth. The corporate media does this by demonetizing sites like mine by blackballing the site from advertising revenue. If you get value from this site, please keep it running with a donation. [Jim Quinn - PO Box 1520 Kulpsville, PA 19443] or Paypal https://www.paypalobjects.com/en_US/i/scr/pixel.gif
No, This Is Not Another 1929, 1973, 1987, 2000, Or 2008
Authored by Charles Hugh Smith via OfTwoMinds blog,
Basing one’s decisions on analogs from the past is entering a fool’s paradise of folly.
https://zh-prod-1cc738ca-7d3b-4a72-b...%20%282%29.jpg
Like addicts who cannot control their cravings, financial analysts cannot stop themselves from seeking some analog situation in the past which will clarify the swirling chaos in their crystal balls. So we’ve been swamped with charts overlaying recent stock market action over 1929, 1987, 2000 and 2008–though the closest analogy is actually the Oil Shock of 1973, an exogenous shock to a weakening, fragile economy.
But the reality is there is no analogous situation in the past to the present, and so all the predictions based on past performance will be misleading. The chartists and analysts claim that all markets act on the same patterns, which are reflections of human nature, and so seeking correlations of volatility and valuation that “worked” in the past will work in 2020.
Does anyone really believe the correlations of the past decade or two are high-probability predictors of the future as the entire brittle construct of fictional capital and extremes of globalization and financialization all unravel at once?
Here are a few of the many consequential differences between all previous recessions and the current situation:
1. Households have never been so dependent on debt as a substitute for stagnating wages.
2. Real earnings (adjusted for inflation) have nevet been so stagnant for the bottom 90% for so long.
3. Corporations have never been so dependent on debt (selling bonds or taking on loans) to fund money-losing operations (see Netflix) or stock buybacks designed to saddle the company with debt service expenses to enrich insiders.
4. The stock market has never been so dependent on what amounts to fraud–stock buybacks–to push valuations higher.
5. The economy has never been so dependent on absurdly overvalued stock valuations to prop up pension funds and the spending of the top 10% who own 85% of all stocks, i.e. “the wealth effect.”
6. The economy and the stock market have never been so dependent on central bank free money for financiers and corporations, money creation for the few at the expense of the many, what amounts to an embezzlement scheme.
7. Federal statistics have never been so gamed, rigged or distorted to support a neofeudal agenda of claiming a level of wide-spread prosperity that is entirely fictitious.
8. Major sectors of the economy have never been such rackets, i.e. cartels and quasi-monopolies that use obscure pricing and manipulation of government mandates to maximize profits while the quality and quantity of the goods and services they produce declines.
9. The economy has never been in such thrall to sociopaths who have mastered the exploitation of the letter of the law while completely overturning the spirit of the law.
10. Households and companies have never been so dependent on “free money” gained from asset appreciation based on speculation, not an actual increase in productivity or value.
11. The ascendancy of self-interest as the one organizing directive in politics and finance has never been so complete, and the resulting moral rot never more pervasive.
12. The dependence on fictitious capital masquerading as “wealth” has never been greater.
13. The dependence on simulacra, simulations and false fronts to hide the decay of trust, credibility, transparency and accountability has never been so pervasive and complete.
14. The corrupt linkage of political power, media ownership, “national security” agencies and corporate power has never been so widely accepted as “normal” and “unavoidable.”
15. Primary institutions such as higher education, healthcare and national defense have never been so dysfunctional, ineffective, sclerotic, resistant to reform or costly.
16. The economy has never been so dependent on constant central bank manipulation of the stock and housing markets.
17. The economy has never been so fragile or brittle, and so dependent on convenient fictions to stave off a crash in asset valuations.
18. Never before in U.S. history have the most valuable corporations all been engaged in selling goods and services that actively reduce productivity and human happiness.
This is only a selection of a much longer list, but you get the idea. Basing one’s decisions on analogs from the past is entering a fool’s paradise of folly.
-----------------------------------------------------
The corrupt establishment will do anything to suppress sites like the Burning Platform from revealing the truth. The corporate media does this by demonetizing sites like mine by blackballing the site from advertising revenue. If you get value from this site, please keep it running with a donation. [Jim Quinn - PO Box 1520 Kulpsville, PA 19443] or Paypal https://www.paypalobjects.com/en_US/i/scr/pixel.gif
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- Post #8,237
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- Edited 1:13pm Apr 25, 2020 12:34pm | Edited 1:13pm
- | Commercial Member | Joined Dec 2014 | 11,787 Posts
http://www.whatdoesitmean.com/index3...IUD6nKKi8lCbWQ
April 25, 2020
US Makes Shock Nuclear Bombing Run On China—Bioweapon Labs Warned To Be Targets
By: Sorcha Faal, and as reported to her Western Subscribers
A gravely concerning “Head for the bunkers!” worded new Security Council (SC) report circulating in the Kremlin today noting that the rapidly rising nation-state tensions in the currently ongoing “Coronavirus Pandemic War” are beginning to spin out of control, as evidenced by yesterday’s G20 leaders summit being called off at the last minute, says Indian experts now asking such questions as “Has China Won World War III With Its Biological Weapon?” has led to some former American military defense strategists firing a warning shot at President Donald Trump in their just published white paper titled “Once World War III Starts, There Is No Going Back”, wherein they insanely state “the United States needs to prepare to absorb the first blow” from Communist Chinese military forces—but which the evidence proves President Trump is preparing to do no such thing.
Evidence that began to emerge in August-2018 when the Pentagon awarded an “out of nearly nowhere” staggering $480-million contract to begin designing a second hypersonic weapon called the AGM-183A Air-launched Rapid Response Weapon (ARRW)—followed in June-2019 with the US Air Force releasing pictures of a B-52 bomber carrying a “sensor-only” prototype of the AGM-183A Air-launched Rapid Response Weapon—in early December-2019, saw the Pentagon awarding another massive $1-billion contract to begin immediately building the AGM-183A Air-Launched Rapid Response Weapon—that itself was followed a little over a fortnight ago, in early April-2020, when the US Air Force detailed its plans to place 31 of these advanced rapid response hypersonic missiles on their supersonic variable-sweep wing B-1 Lancer Heavy Bomber—a heavy bomber best described as a “Flying Missile Truck” because its large fuselage can conceal a huge amount of weaponry, up to seventy-five thousand pounds of ordnance tucked within three weapons bays—one of which this past week, on 21 April, took off from its base in the United States, accelerated to supersonic speed while racing to Asia in the skies over the Bering Strait, where it decelerated to subsonic speed and was joined by an armada of heavily armed US Air Force and Japanese Defense Forces fighter aircraft—and while flying past Russia’s Kamchatka Peninsula, was observed shooting out long-range missile targeting radar signals throughout mainland China, specifically into cities known to have bioweapon laboratories—after which this B-1 heavy bomber turned around and flew at supersonic speed to return to its base in the United States—and when safely landed, then saw US Secretary of State Mike Pompeo going on nationwide television to blast Communist China over its coronavirus transparency failures, and ominously warn them: “We know it began at one lab…They need to be held accountable”. [Note: Some words and/or phrases appearing in quotes in this report are English language approximations of Russian words/phrases having no exact counterpart.]
According to this report, with this “Coronavirus Pandemic War” fracturing the United States to the point that top socialist Democrat Party leader US House Speaker Nancy Pelosi has gone fully insane saying such things as “The President is Asking People to Inject Lysol Into Their Lungs”—while pro-Trump national populists are asking the under socialist siege locked down American people “Are You Enjoying Your First “Test Drive” of Socialist America?”—most grimly concerning to be noticed is President Trump having just activated his nation’s mysterious US Customs and Border Protection's Air and Marine Operations Division—known as the AMO whose number of aircraft are only exceeded by the US military—and whose unmarked tinted-masked windowed S-76 helicopters outfitted with advanced telecommunications are now buzzing through the skies of Washington D.C. near hourly—a wartime move designed to protect top officials of President Trump’s government from attacks and assassinations—an all too real threat that played out this week when Vice President Mike Pence was scheduled to meet with the White House Coronavirus Task Force at the headquarters of Health and Human Services—and where before arriving, an Obama-Clinton Regime holdover, HHS Office of the Assistant Secretary for Preparedness and Response branch chief Rodney Spann, was captured and arrested while trying to bring a loaded gun and extra ammunition into this headquarters building—and when captured, saw this potential assassin saying it was “a mistake”.
With the United States at this very hour fighting back against a wave of unrelenting cyberattacks from Communist China attempting to steal coronavirus research, with one top US official saying “They are trying to steal everything”, this report concludes, the path to war for President Trump is being paved by a new Pew Research poll showing that an overwhelming 9 of 10 Americans view Communist China as being a threat to the United States—a shock to the Communist Chinese-aligned socialist Democrat Party and the leftist mainstream propaganda media—but whom themselves were just slammed by another new poll showing that 49% of American voters believe the leftist media is helping these socialist Democrats take out President Trump in the current crisis—American people whom another new study has just found, to the horror of these godless socialists and leftist media lunatic lap dogs, are growing closer to their families during the coronavirus lockdown in overwhelming numbers—and while being in lockdown, also sees these American people turning away from the leftist media by the millions—which explains why the pro-Trump media outlet Fox News now has more viewers than both the leftist news outlets MSNBC and CNN combined—all which proves, beyond all doubt, that the leftist media, Communist China and the socialist Democrats thinking that the coronavirus would be the downfall of President Trump was badly miscalculated—most particularly because the truth always wins out over lies—one just has to be patient, have faith and give it time.
April 25, 2020 EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked to its original source at WhatDoesItMean.Com. Freebase content licensed under CC-BY and GFDL.
[Note: Many governments and their intelligence services actively campaign against the information found in these reports so as not to alarm their citizens about the many catastrophic Earth changes and events to come, a stance that the Sisters of Sorcha Faal strongly disagree with in believing that it is every human being’s right to know the truth. Due to our mission’s conflicts with that of those governments, the responses of their ‘agents’ has been a longstanding misinformation/misdirection campaign designed to discredit us, and others like us, that is exampled in numerous places, including HERE.]
[Note: The WhatDoesItMean.com website was created for and donated to the Sisters of Sorcha Faal in 2003 by a small group of American computer experts led by the late global technology guru Wayne Green(1922-2013) to counter the propaganda being used by the West to promote their illegal 2003 invasion of Iraq.]
[Note: The word Kremlin (fortress inside a city) as used in this report refers to Russian citadels, including in Moscow, having cathedrals wherein female Schema monks (Orthodox nuns) reside, many of whom are devoted to the mission of the Sisters of Sorcha Faal.]
Coronavirus “Wisdom” Lays Waste To America While Prosecutor Durham Goes On Hiring Spree
Stone Cold Truth Feared By Elites Points To Viking King Trump Saving America
Return To Main Page
April 25, 2020
US Makes Shock Nuclear Bombing Run On China—Bioweapon Labs Warned To Be Targets
By: Sorcha Faal, and as reported to her Western Subscribers
A gravely concerning “Head for the bunkers!” worded new Security Council (SC) report circulating in the Kremlin today noting that the rapidly rising nation-state tensions in the currently ongoing “Coronavirus Pandemic War” are beginning to spin out of control, as evidenced by yesterday’s G20 leaders summit being called off at the last minute, says Indian experts now asking such questions as “Has China Won World War III With Its Biological Weapon?” has led to some former American military defense strategists firing a warning shot at President Donald Trump in their just published white paper titled “Once World War III Starts, There Is No Going Back”, wherein they insanely state “the United States needs to prepare to absorb the first blow” from Communist Chinese military forces—but which the evidence proves President Trump is preparing to do no such thing.
Evidence that began to emerge in August-2018 when the Pentagon awarded an “out of nearly nowhere” staggering $480-million contract to begin designing a second hypersonic weapon called the AGM-183A Air-launched Rapid Response Weapon (ARRW)—followed in June-2019 with the US Air Force releasing pictures of a B-52 bomber carrying a “sensor-only” prototype of the AGM-183A Air-launched Rapid Response Weapon—in early December-2019, saw the Pentagon awarding another massive $1-billion contract to begin immediately building the AGM-183A Air-Launched Rapid Response Weapon—that itself was followed a little over a fortnight ago, in early April-2020, when the US Air Force detailed its plans to place 31 of these advanced rapid response hypersonic missiles on their supersonic variable-sweep wing B-1 Lancer Heavy Bomber—a heavy bomber best described as a “Flying Missile Truck” because its large fuselage can conceal a huge amount of weaponry, up to seventy-five thousand pounds of ordnance tucked within three weapons bays—one of which this past week, on 21 April, took off from its base in the United States, accelerated to supersonic speed while racing to Asia in the skies over the Bering Strait, where it decelerated to subsonic speed and was joined by an armada of heavily armed US Air Force and Japanese Defense Forces fighter aircraft—and while flying past Russia’s Kamchatka Peninsula, was observed shooting out long-range missile targeting radar signals throughout mainland China, specifically into cities known to have bioweapon laboratories—after which this B-1 heavy bomber turned around and flew at supersonic speed to return to its base in the United States—and when safely landed, then saw US Secretary of State Mike Pompeo going on nationwide television to blast Communist China over its coronavirus transparency failures, and ominously warn them: “We know it began at one lab…They need to be held accountable”. [Note: Some words and/or phrases appearing in quotes in this report are English language approximations of Russian words/phrases having no exact counterpart.]
http://www.whatdoesitmean.com/bom21.jpg
President Donald Trump orders B-1 heavy bomber to make test nuclear attack run (above) towards Communist China on 21 April 2020.
According to this report, with this “Coronavirus Pandemic War” fracturing the United States to the point that top socialist Democrat Party leader US House Speaker Nancy Pelosi has gone fully insane saying such things as “The President is Asking People to Inject Lysol Into Their Lungs”—while pro-Trump national populists are asking the under socialist siege locked down American people “Are You Enjoying Your First “Test Drive” of Socialist America?”—most grimly concerning to be noticed is President Trump having just activated his nation’s mysterious US Customs and Border Protection's Air and Marine Operations Division—known as the AMO whose number of aircraft are only exceeded by the US military—and whose unmarked tinted-masked windowed S-76 helicopters outfitted with advanced telecommunications are now buzzing through the skies of Washington D.C. near hourly—a wartime move designed to protect top officials of President Trump’s government from attacks and assassinations—an all too real threat that played out this week when Vice President Mike Pence was scheduled to meet with the White House Coronavirus Task Force at the headquarters of Health and Human Services—and where before arriving, an Obama-Clinton Regime holdover, HHS Office of the Assistant Secretary for Preparedness and Response branch chief Rodney Spann, was captured and arrested while trying to bring a loaded gun and extra ammunition into this headquarters building—and when captured, saw this potential assassin saying it was “a mistake”.
http://www.whatdoesitmean.com/bom22.jpg
With the United States at this very hour fighting back against a wave of unrelenting cyberattacks from Communist China attempting to steal coronavirus research, with one top US official saying “They are trying to steal everything”, this report concludes, the path to war for President Trump is being paved by a new Pew Research poll showing that an overwhelming 9 of 10 Americans view Communist China as being a threat to the United States—a shock to the Communist Chinese-aligned socialist Democrat Party and the leftist mainstream propaganda media—but whom themselves were just slammed by another new poll showing that 49% of American voters believe the leftist media is helping these socialist Democrats take out President Trump in the current crisis—American people whom another new study has just found, to the horror of these godless socialists and leftist media lunatic lap dogs, are growing closer to their families during the coronavirus lockdown in overwhelming numbers—and while being in lockdown, also sees these American people turning away from the leftist media by the millions—which explains why the pro-Trump media outlet Fox News now has more viewers than both the leftist news outlets MSNBC and CNN combined—all which proves, beyond all doubt, that the leftist media, Communist China and the socialist Democrats thinking that the coronavirus would be the downfall of President Trump was badly miscalculated—most particularly because the truth always wins out over lies—one just has to be patient, have faith and give it time.
http://www.whatdoesitmean.com/bom23.jpg
April 25, 2020 EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked to its original source at WhatDoesItMean.Com. Freebase content licensed under CC-BY and GFDL.
[Note: Many governments and their intelligence services actively campaign against the information found in these reports so as not to alarm their citizens about the many catastrophic Earth changes and events to come, a stance that the Sisters of Sorcha Faal strongly disagree with in believing that it is every human being’s right to know the truth. Due to our mission’s conflicts with that of those governments, the responses of their ‘agents’ has been a longstanding misinformation/misdirection campaign designed to discredit us, and others like us, that is exampled in numerous places, including HERE.]
[Note: The WhatDoesItMean.com website was created for and donated to the Sisters of Sorcha Faal in 2003 by a small group of American computer experts led by the late global technology guru Wayne Green(1922-2013) to counter the propaganda being used by the West to promote their illegal 2003 invasion of Iraq.]
[Note: The word Kremlin (fortress inside a city) as used in this report refers to Russian citadels, including in Moscow, having cathedrals wherein female Schema monks (Orthodox nuns) reside, many of whom are devoted to the mission of the Sisters of Sorcha Faal.]
Coronavirus “Wisdom” Lays Waste To America While Prosecutor Durham Goes On Hiring Spree
Stone Cold Truth Feared By Elites Points To Viking King Trump Saving America
Return To Main Page
- Post #8,238
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- Apr 25, 2020 1:05pm Apr 25, 2020 1:05pm
- | Joined Mar 2020 | Status: Member | 96 Posts
Whats your take on Trump suggesting to inject with Lysol products?
- Post #8,239
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- Apr 25, 2020 1:08pm Apr 25, 2020 1:08pm
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PLEASE LISTEN - PLEASE COME TO MY HOME AFTER 9;00 PM
I have the MONEY !!!
I have the MONEY !!!
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- Apr 25, 2020 1:10pm Apr 25, 2020 1:10pm
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DislikedWhats your take on Trump suggesting to inject with Lysol products?Ignored
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