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February 6, 2020

Thursday, February 6, 2020

FEB 6//CORONAVIRUS PANDEMIC SPREADS//CORONAVIRUS NIGHTMARE ON THE SEAS//GOLD UP $8.80 TO $1566.80//SILVER UP 24 CENTS TO $17.85//REPO MESS CONTINUES UNABATED//

 

Here It Is: One Bank Finally Explains How The Fed's Balance Sheet Expansion Pushes Stocks Higher

"Today’s content is about the mechanism the markets haven’t quite recognized yet."

 

John Williams Shadow Stats, Commentary Flash Update No. 20

- 2020: A Year of Deepening Economic, Fiscal and Financial-Market Turmoil, Despite a Currently Booming, Headline Economy and Stock Market

- The Fed Continues to Prop the Banks and the Financial Markets, But Not the Consumer, Who Ultimately Drives Sustainable Economic Activity

- A Financially Healthy U.S. Consumer Remains Key to Stable Domestic Growth

- Despite a 50-Year Low in Headline Unemployment, the FOMC-Impaired Economy Thwarts Consumer Liquidity Growth; December Median Real Household Income Declined for a Second Straight Month

- Coincident With the January 2020 Payroll Reporting, 2019 Payroll Benchmark Revisions Still Should Be Negative

- Negative December Real Trade-Deficit Revisions Promise Some Downside GDP Adjustments

- Annualized Initial Real Fourth-Quarter GDP Growth of 2.08% Appears Overly Optimistic Against Underlying Hard Numbers

- 2019 Annual GDP Growth at a Three-Year Low of 2.33%, Faces Downside Revisions from Various Benchmarkings in Coming Months
"Flash Update No. 20"  PDF: http://www.shadowstats.com?p=1423&display=pdf

 

 

 

Jerome Powell & The Fed’s Great Betrayal

“Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.” John Maynard Keynes – The Economic Consequences of Peace 1920

 “And when we see that we’ve reached that level we’ll begin to gradually reduce our asset purchases to the level of the underlying trend growth of demand for our liabilities.” –Jerome Powell January 29, 2020.

With that one seemingly innocuous statement, Chairman Powell revealed an alarming admission about the supply of money and your wealth. The current state of monetary policy explains why so many people are falling behind and why wealth inequality is at levels last seen almost 100 years ago...https://www.investmentwatchblog.com/jerome-powell-the-feds-great-betrayal/

 

Giga-Stupidity Has No Limits...

In a world where the global central bankers treat every mini-crisis as an excuse to print money, liquidity will eventually ignite in very strange placesEV automobile frauds, fake meats, government regulated celery and fake currencies.

 

Mish Exposes WHO's Historical Controversies

"The WHO is a SPOS... The first 'S' stands for sorry. You can work out the rest..."

 

Wuhan Ordered To Round Up Infected Residents For Mass Quarantine Camps: Pandemic Updates

"There must be no deserters, or they will be nailed to the pillar of historical shame forever."

 

What Will the Coronavirus Do to the US & Chinese Economy?

... there are reports coming out that confirm suspicions that official numbers in China may have to be taken with a grain of salt. According to a report by the New York Times today, Chinese authorities silenced doctors and others who were seeing the first symptoms starting in early December. Authorities obfuscated even the basics: for example, they told the public that they closed the food market, where the virus had first infected humans, for renovations. This crackdown on doctors and others kept people in the dark, prevented them from taking protective measures, delayed an effective public health response, and allowed the virus to spread.

What the Chinese government is still not telling the public, or what it is telling the public that is wrong, just adds to the list of known unknowns that the economy and markets have to deal with. And now there are fears what unknown unknowns may still be lurking out there that might surprise everyone.

Maybe all this will blow over in a few weeks, and China’s economy goes back to normal, with just another flu-like disease on its hands, running in parallel with the flu. Or maybe it will drag out and get worse and more complicated and more insidious, as baffled authorities lumber from what with hindsight may look like one wrong decision after another, and then the repercussions are going to spread. One thing we already know: 14 provinces and cities that account for nearly 70% of China’s GDP have now shut businesses and factories until at least February 9... https://wolfstreet.com/2020/02/06/what-will-the-coronavirus-do-to-the-us-chinese-economy/

 

Firearm background checks at record high for January

Nothing sells firearms like the threat of them being taken away. And the threat is evident on both a state and federal level. The 2020 presidential race is already weighing on the minds of gun owners who flocked to gun stores to load up in January. The FBI reported today that January saw a record of 2,702,702 background checks, which closely track gun sales and requests for concealed carry permits. That broke the last January record of 2,545,802, set in 2016, when Democrat Hillary Clinton, who advocated a gun ban, was starting her march to White House, only to be foiled by NRA-endorsed Donald Trump... https://www.thedailysheeple.com/firearm-background-checks-at-record-high-for-january/

 

The Middle East Is Not Going Away:

Trump Hosts Meeting with Israel, Arab Gulf State to Defeat Iran

Top officials from the United States, Israel, and the United Arab Emirates held a secret trilateral meeting at the White House in December to discuss ways to counter the Iranian threat in the region, the Axios news website reported Tuesday, citing American and Israeli officials.

Iran exploits vacuum of power in southern Syria to threaten Israel

Syrian regime media reported airstrikes across a wide area around Damascus on Thursday morning. The regime says that incidents took place near the International Airport at Marj al-Sultan, at a key interchange of the M5 northeast of Damascus and south of the city near Kiswa and Izra. Meanwhile Damascus is distracted by a major battle in northern Syria against Turkish-backed Syrian rebels and extremists.

Israeli strike on Syria kills several pro-Iranian militiamen – report

At least 14 Iranian militia members were reported to have been killed in alleged Israeli air strikes against several targets in the war-torn country. According to the Syrian Observatory for Human Rights (SOHR), at least three government Iranian positions near Damascus and west of the capital were targeted.

Syria says it intercepted Israeli missiles targeting Damascus

Syria’s air defences have intercepted two Israeli missile attacks shortly after their launch from over the occupied Golan Heights as well as through Lebanese airspace, according to its state media. At least eight fighters were wounded in the attacks that saw military positions targeted first near Damascus, and 30 minutes later near Deraa, Quneitra and Reef Damascus provinces…

 

CHRISLAM: POPE FRANCIS CALLS FOR GLOBAL WEALTH DISTRIBUTION, SAYS TAX CUTS ARE A SIN, DOESN’T MENTION VATICAN IS WORLD’S WEALTHIEST CORPORATION

Tax cuts for the wealthy constitute a “structure of sin,” Chrislam Pope Francis said Wednesday in a passionate address calling for international wealth redistribution. Communists and Socialists are always concerned about other people’s money, and getting their hands on it is their all-consuming thought. Pope Francis, good Communist that he and all popes are, is no different. This is why you see him popping up constantly at meetings with CEOs who control billion dollar corporations, currying favor and making sure he is close to the money. Did you know that the Vatican is the world’s wealthiest company?... https://www.nowtheendbegins.com/pope-francis-global-tax-wealth-redistribution-chrislam-one-world-religion-vatican-billions/

 

"Shoot The Messenger": What We Can Say Publicly About Coronavirus & What We Can't

Just last night, my Wikipedia page, up for more than a decade, was deleted by Wikipedia’s editors.  I guess if you feel that shooting the messenger isn’t enough, try to expunge him from history...

 

Police Called To School After 6-Year-Old Girl With Down Syndrome Made A "Gun" With Her Finger

Despite knowing no one was truly threatened, Margo’s actions were labelled as a transient threat and the police were called - for a 6-year-old girl with Down syndrome.

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