Economic pressures

[Danny B]

Liquidity injections can raise the price of a stock but, they are no substitute for earnings. Without consumption, earnings just don't happen.
https://www.zerohedge.com/markets/wh...er-next-decade
The FED can not let off the gas pedal when it comes to liquidity injections. 100,000 companies would close and, do massive layoffs if the free money stopped.

Kolanovic "Dials Down" Market Optimism; Warns Of Scenario With "Drastically Lower" Equity Prices
WAIT, earnings are way down. If prices go down, there will be no reason to buy equities.


"DEEP STATE WILL LOSE CONTROL
There is a perception in the world that things will continue as they are and that the Deep State is going to control us all in a totalitarian world. What few realise is that the Deep State or Powers That Be are going to lose control totally. They are totally dependent on the world in which they can control everything through debt and the fake monetary system they have created. But let me make it clear that this fake system is about to implode."
https://goldswitzerland.com/the-glob...-fire-is-here/
This article is quite pessimistic, though, quite interesting.

"So if a feudal serf in England died without an heir, or was convicted of a crime, all his property was escheated to the local Lord, or to the King.
This became such big business in England that the government appointed special agents called ‘escheators’ in every single English county to oversee property confiscation every time someone passed away."
But this is totally bizarre, because ‘dormant bank account’ rules can be incredibly loose. In many jurisdictions, for example, simply having some savings stashed away in a bank account that doesn’t have any other activity can put your funds at risk of being seized.

They actually still use the same word– escheat. So money in dormant bank accounts is escheated to the state.

To be fair, this practice has been relatively rare… until Covid. But now governments are starting to look at every source of funding they can get their hands on, including the medieval ones.
The British government recently announced that they had “unlocked” £150 million from dormant bank accounts, with cooperation from some of the biggest banks in the UK, all to help fight World War Covid.


Armstrong often posts example of how GOV is on an endless hunt for taxes. The blob State grows by 6% a year and it is HUNGRY.
https://www.armstrongeconomics.com/tag/hunt-for-taxes/

And now the UK is looking to expand the practice beyond bank accounts; they’d like to be able to seize unclaimed financial assets (including stocks and bonds), insurance proceeds, and even dormant pension accounts.
https://www.zerohedge.com/markets/uk...-bank-accounts

Armstrong warned the Eurocrats in no uncertain terms that the EU would fail without debt mutualization. They told him that they would force that in later. This is their latest attempt.
https://www.zerohedge.com/markets/bl...-feedback-loop

"They" keep telling us that the economy will get back to normal by the beginning of next year. "They" have mush for brains. They NEVER considered the psychological effects of crashing the economy. Consumer spending is roughly 70% of the economy. The consumer has gone missing.
https://www.zerohedge.com/markets/sa...shes-most-ever
FED GOV is trying to make up the difference by sending people money. BUT, confidence has been lost .

Money locked away in bonds does NOT circulate in the economy. As the overall "money" supply increases, a greater percentage goes into hiding in bonds. This is monetary deflation of the lower loop while it is also monetary inflation of the upper loop. The lower loop is also doing deflation of circulating money by stashing it in the bank rather than spending it.
Private Wages Crash Most On Record As Savings Soar By $4 Trillion In 1 Month
UMich Sentiment Disappoints As 'Hope' Hits 7-Year Lows
Chicago PMI Plummets To 11 Year Low As Orders, Production Plunge

Ah yes, confidence & consumption.
US Spending Crashes By Most Ever Despite $3 Trillion Government Handout-Driven Income Surge
Confidence & consumption.

Civil Unrest Turning Violent on Schedule
The civil unrest is turning violent right on schedule. These lockdowns have destroyed so many jobs and the future of people
Is it Time to Throw Every Politician Out of Office Who Imposed Lockdowns?

[Danny B]

So, we see a $3 trillion handout
AND
A $4 trillion increase in savings.
This is a net deflation in the supply of circulating money.

"Economists at the University of Chicago estimate that more than two-thirds of the workers on unemployment insurance are making more in jobless benefits than they did at work. Some are even hauling in two to three times as much.

Weekly unemployment payments of $600 granted by CARES Act have been a great boon for many unemployed workers. These weekly payments also provide a government incentive not to work.
Portman, for instance. He’s proposing a $450 weekly ‘return-to-work bonus.’ The purpose of the proposal is to incentivize people to return to work by giving them free money.
https://economicprism.com/this-is-a-...tal-breakdown/
The West is stuck at the global mean wage. Adding to your salary gives you a wage increase that you need to compensate for global wages.

FASCINATING infographic on the "money"| supply. Most of what we call "money" can lose all it's value overnight.
https://www.visualcapitalist.com/all...lization-2020/
Why the Amazing Leap in Savings Rate to Record 33 Percent?
Confidence lost

Gold is in trouble. There isnt sin't enough of it. Big players are leaving before the final explosion.
ScotiaMocatta is closing its precious metals operations and taking a loss to do it. Mocatta Bullion has been in operation since 1684 and was one of the largest operators on the Comex in gold and silver.
http://news.goldseek.com/GoldSeek/1590771230.php
Mocatta didn't want to be left holding the (empty) bag.

The V shaped recovery.
Nearly Half Of Small Business Owners Expect To Close Down Permanently

5/30 Hong Kongers scramble to swap their currency for US dollars – Zero Hedge
CONFIDENCE

[Danny B]

The surveillance state grows camera by camera. The battle between techno-socialism and techno-fascism rages on.
https://www.zerohedge.com/health/how...cialism-so-far
5/31 Our grim future: restored neoliberalism or hybrid neofascism? – SC
Meanwhile, the FED goes ever-deeper into the money renting business.
https://news.yahoo.com/powell-fed-so...163204491.html
One almost suspects that the State wants to squeeze out private banks.
Over 9 Million US Families Fear They Can't Afford Food Next Month

"In the wake of a disastrous Income and Outlays report, the GDPNow forecast is an astonishing -51.2%"
https://www.thestreet.com/mishtalk/e...e-51-2-percent
There is no way to overstate how bad this is.
european banks;
"Speaking of banks, the European banks are in a mess. If you look at the ratio of assets on the balance sheet to market cap, which is the most realistic way to assess bank risk, we find globally systemically important banks – the GSIBS are incredibly geared. For example, Societe Generale, 129 times, Unicredit, 117 times, Deutsche Bank, 93 times. As Europe plunges into a depression, there will be bank failures. No one is talking of systemic risk yet.

That’s the next shoe to drop, and in my view it is only a matter of weeks."
https://kingworldnews.com/this-is-th...are-panicking/

[Danny B]

First, a couple of headlines.
Coronavirus Economic Fallout Could Mean 54 Million Americans Go Hungry THIS YEAR
Around 2 BILLION people may lose their jobs in the next couple of months due to pandemic
"In the next two to three months, one out of six people in the world will lose their jobs, with the unemployment rate to exceed 17 percent, said the authors of the research."
"According to BCG analysis, more than 80 percent of all the layoffs in the world are likely to occur in the non-food retail sector, manufacturing, hotel and restaurant business, tourism and construction.

“We expect that the world’s unemployment rate will start returning to balance by the end of 2020. However, [the] pandemic has already launched the process of long-term structural changes – from flexible and remote work schemes to accelerated automation – and these changes will affect up to 1.5 billion jobs over the next decade.”
BCG estimates that by 2030, automation will put 12 percent of existing jobs at risk, and about 30 percent of jobs will require completely new skills."

This is an open admission that automation will continue to destroy job niches. "30% of jobs will require new skills" It does NOT work that way. The jobs just will not be there regardless of your skills.

"The US department of agriculture’s $3 billion Farmers to Families Food Box programme has been delivering surplus perishable produce like milk, meat and vegetables to food banks and pantries, although it’s uncertain how long this federal support will endure.
Tens of millions of US citizens could starve this year due to the economic fallout caused by a coronavirus, according to an analysis by national food bank network Feeding America"
https://sputniknews.com/uk/202005311...ungry-in-2020/
I think that we can assume that FED GOV will continue to fund food programs.

China & India drove the world down to a global mean wage. The West has crashed because the global mean wage severely curtailed consumption. China has export advantage as long as wages do not rise. BUT, as long as wages in China do not rise, China must depend on exports. China has killed the consumptive power of their best customers. Exports are crashing and, Chinese wages are insufficient to absorb Chinese domestic production. They are running out of time to get wages up.

"A former senior director for Asia in President Barack Obama's National Security Council says that China only has “about five years” to become a high-income economy, or it will likely find itself stuck in the middle-income trap.

Speaking at Asia Society in New York on Tuesday, Evan Medeiros noted that China has been what the World Bank considers a middle-income economy — one where per capita income is between $1,000 and $12,235 — for about 25 years. South Korea, Taiwan, and Singapore, he added, spent 23, 27, and 29 years respectively as middle-income economies before moving up to upper-income level.
“I think time matters an enormous amount for China, and I think [it] is in short supply,” Medeiros said, noting that China’s per capita income is currently at about $8,700. “China in the next five years needs escape velocity — it really needs things to pick up if it's going to make that jump.”
https://asiasociety.org/new-york/chi...le-income-trap
I can't find a date on this article.

6/01 FAAMGS are up 15% in 2020; the remaining 495 S&P stocks are down 8% – ZH
Buying confidence with fake money and, bogus stats.
As trust withers, so will humanity’s progress – AIER

[Danny B]

General Douglas MacArthur warned in a speech to the Salvation Army, December 12, 1951, stating:
"History fails to record a single precedent in which nations subject to moral decay have not passed into political and economic decline.
There has been either a spiritual awakening to overcome the moral lapse, or a progressive deterioration leading to ultimate national disaster."
6/01 The founding fathers’ nightmare: America is corrupt to the core – CHS
History runs in cycles with the wax & wane of morality. Power corrupts so, man is eventually ruled by corrupt leaders.

"George Washington, in his farewell address, said, “It is substantially true that virtue or morality is a necessary spring of popular government.” John Adams warned that “avarice, ambition, revenge, or gallantry would break the strongest cords of our constitution as a whale goes through a net.” When Benjamin Franklin was asked what kind of government the Constitution established, he replied: “A republic—if you can keep it.”” Values, norms, and virtue are the inspirational core of all republics. That is why Hannah Arendt argued that the great threat to representative democracy would not come from a conspiracy of the representative leaders against the people whom they represent. The end of democracy will, she argued, come from the corruption of the people: “Corruption in [representative government] is much more likely to spring from the midst of society, that is from the people themselves.”

6/01 Rabobank: “things are getting real… decades are happening in weeks” – ZH
As real as it can get;
https://newspunch.com/sweden-heading...top-ceo-warns/
6/01 German report denounces corona as ‘a global false alarm’ – Strategic Culture
Your injectable credit card,
The injection fraud – it’s not a vaccine – Catherine Austin Fitts
"The first and most important goal is the replacement of the existing U.S. dollar currency system used by the general population with a digital transaction system that can be combined with digital identification and tracking. The goal is to end currencies as we know them and replace them with an embedded credit card system that can be integrated with various forms of control, potentially including mind control. "De-dollarization" is threatening the dollar global reserve system."

Can endless spending prevent another financial crisis? – Foreign Affairs HellifIknow
6/01 Poor countries face debt crisis ‘unlike anything we have seen’ – NY Times
Default now and, avoid the rush.
6/01 This election is Republicans v. China – oops, I mean Democrats – Town Hall

CJ Hopkins: Mainstream Media Has Been Conditioning You For This Uprising For Four Years






No, the Resistance didn’t manufacture racism. They just spent the majority of the last four years creating and promoting an official narrative which casts most Americans as “white supremacists” who literally elected Hitler president...

"Go Big": BET's Billionaire Founder Calls For $14 Trillion In Reparations For Slavery

[Danny B]

Here is an excellent, though, somewhat convoluted, article that shows the historic relation between the debt and, the money supply. It concludes that we must greatly increase the money supply to get back to some kind of equilibrium. Very informative.
https://seekingalpha.com/article/435...g-debt-problem
This, of course, is having an effect on the price of gold.
https://www.thestreet.com/mishtalk/e...goes-up-anyway
Inflating away the pain of debt repayment is a very old strategy. Unfortunately, the currency inflation bleeds over into price inflation but, NOT wage inflation.

Armstrong, "The death of George Floyd at the hands of Minneapolis police has re-energized a national debate over misconduct by law enforcement officials that the Supreme Court may be poised to enter. Both the left and the right finally agree on one thing – qualified immunity for government officials is unsupported by the Constitution and was even one of the express complaints in the Declaration of Independence:

For protecting them, by a mock Trial, from punishment for any Murders which they should commit on the Inhabitants of these States:"
"If the Supreme Court does not ABOLISH all immunity for prosecutors and police, they will lead the country into civil war.
"The race riots right now would NOT takes place has we also accelerated the unemployment dramatically to where there are officially 40 million people who have lost their jobs. There have been plenty of deaths inflected by police since 2014. This would have normally peaked out by 2018, but the economic conditions show this cycle will continue into 2027 if the Supreme Court does not overrule its previous decisions."

If we must rein in immunity for the State, what does that imply for corporate immunity. Corporate immunity has been disastrous for the average person. Monsanto, ET AL, ET AL clearly prove that corporations look at profitability and exclude all other considerations.

"China’s GDP shrank 6.8 per cent in the March quarter and, for the first time in three decades, it has decided to abandon any growth target for this year."
"In 2015, with growth slowing, China embarked on a series of devaluations that sent shockwaves through global markets. Its own sharemarket plunged and there was an exodus of capital. Ultimately, to halt the capital flight, China used up about $US1 trillion of its foreign currency reserves."
Everything revolves on confidence. China continues to shoot itself in the foot by "showing it's claws" when it comes to territorial ambitions towards it's neighbors.
China has embarked on a new "long march",,,,,,,, down the drain.

[Danny B]

All democracies eventually fail, usually after 150 years. People learn that they can vote for a living rather than actually working.
Socialism is the firewall between Darwinian pressures and, the non-producers. Socialism can get quote expensive.
"According to the Cato Institute, a libertarian think tank, since the Johnson Administration, almost $15 trillion has been spent on welfare, with poverty rates being about the same as during the Johnson Administration."
Very strange,, poverty just doesn't seem to go away. The welfare moms are married to the State and, never demand support and accountability from their partners. They are incentivised to pump out more kids. As the job markets demand ever-more education, there is a continually growing body of people who will never have a job niche.
As the welfare payments go up, the crime rate goes down.
https://www.huffpost.com/entry/ameri...ptio_b_6878520

These are the issues that the black community complains about, Police brutality, mass incarceration, voting rights The black leaders have a different position.
"Dersch: Fatherlessness is the biggest problem facing the country
Father absence "decimates" black community in U.S.

"read through the megazillion words on class, income mobility, and poverty in the recent New York Times series “Class Matters” and you still won’t grasp two of the most basic truths on the subject: 1. entrenched, multigenerational poverty is largely black; and 2. it is intricately intertwined with the collapse of the nuclear family in the inner city."
https://www.city-journal.org/html/bl...ies-12872.html

So, how long can the State afford to pay all the non-producers and, keep crime "low"? Armstrong's model has long predicted widespread sovereign defaults. They are unfolding right NOW.
https://www.armstrongeconomics.com/i...lts-unfolding/
Elon Musk's cybertruck comes with bullet proof windows. Better read this short article from Armstrong.
https://www.armstrongeconomics.com/w...d-the-curtain/

Matt Taibbi says that we need to get rid of the police because, all they do is to enforce race bias.
https://taibbi.substack.com/p/where-...cing-go-wrong?
I just got a mail reporting that Many? busloads of Antifa were moved into Coos Bay and surrounding communities. Everybody in town is walking around with a ball bat or, an AR-15

The "color revolution" comes to America.
https://rense.com/general96/a-soros-...can-crisis.php

[BroMikey]

[Danny B]

Armstrong, "Then we have the Monetary Crisis Cycle coming for 2021 into 2022. With Europe planning to cancel its paper currency and try to force everyone into banks
The European and Japanese Governments will have little choice moving forward for they have destroyed their bond markets and are UNABLE to issue bonds that institutions will buy at these crazy rates. It is more than a simplistic printing of money. We are looking at the bond market is collapsing."
States everywhere have crashed their bond markets. The solution de jure is; just print up all the money you need.
6/04 Japan’s mammoth spending likely requires third extra budget – Yahoo!

"Only" 1.87 Million Americans Started To Claim Unemployment Benefits Last Week
The FED is pumping up millions of zombie companies,,, just to keep employment going.
Slumping Futures Spike After ECB Nearly Doubles Emergency QE Program
Yep, they are trying to keep the "sugar high" going.
Euro Surges After ECB Expands Emergency QE By €600 Billion To €1.350 Trillion

Charles Hugh Smith writes about the unwinding of excess capacity.
http://charleshughsmith.blogspot.com...l-be-very.html
6/04 Consumer “cash” spending is much worse than the reported figures – Zero Hedge

6/04 Cryptos will disrupt the entire financial industry – Casey Research
6/03 Blow to bitcoin as coinbase crashes in sudden meltdown – Forbes
Crypto coins will never reach escape velocity unless they are controlled by the State.

6/04 Tucker: our leaders dither as our cities burn (graphic video) – Fox
6/03 Somebody is trying to orchestrate an uprising inside the US – TMIN
Antifa Attempt To Riot In CA Suburb Goes Awry 'They're Getting The **** Kicked Out Of Them' Going To The Suburbs is Not Too Smart...Watch

All over the country, when antifa shows up in rural areas like Coquille, Or and Cour d lene, ID hundreds of armed locals show to make sure that they don't cause ANY problems.
Our rural areas are real big on law & order.
Our inner cities are controlled by a populace that rejects law & order.

[Danny B]

Once again, everything got erased when I posted this link.
https://lonestarwhitehouse.blogspot....and-where.html

Power corrupts and, attracts the already corrupted. I'm sure that the Clinton;s would agree with this statement. Without a gold standard to act as a governor on currency creation, corrupt people take control. The rich and corrupted further their gains by buying politicians and favors. Regulatory capture guarantees that the corruption will grow until it crashes the system. Corrupt courts are a big part of this.
Armstrong, "Once upon a time, we use to live in an honorable society. All systems move toward corruption and they inevitably move to protect their own agents. Ben Franklin wanted to create a legal system based upon the Scottish model where judges were nominated by lawyers and not politicians. He lost that argument and we have been paying dearly ever since. People see these protests and blame the blacks. They are ignorant of what is taking place in our legal system. It is not just about the blacks. The entire system has become so corrupt and this is why the United States has more people in prison than any other nation in the world including Russia. If you simply drive on federal property and forget your drivers’ license, you must serve 30 days in prison. A prosecutor will not get credit for a conviction in the Feds UNLESS you go to prison! Does that mean that Americans are the worst criminals on the planet? Or simply does it mean that it is time to change the system.

Here is an excellent chart of liquidity creation just to keep things going.
https://www.zerohedge.com/markets/st...-amazing-chart
Charles Hugh Smith writes about; When Institutions Fail, Fragmentation and Decentralization Become Solutions
http://charleshughsmith.blogspot.com...mentation.html

[Danny B]

Once again, everything was erased when I posted a link.


Regarding that V-shaped recovery that you ordered,,,
This Makes No Sense: In Month When US Was Shut Down, BLS Estimated That 345K New Businesses Were Formed
https://www.zerohedge.com/markets/ma...es-were-formed
"Key economic metrics contracted to record-low levels. Q II GDP is estimated to show around a 50% contraction, a number far exceeding anything during the Great Depression or any previous time in US history.
Based on how US unemployment was calculated pre-1990, Williams now puts it at 35%, over one-third of US workers without jobs.
6/07 The jobs report was catastrophic for millennials and women – Zero Hedge
California, the state with the nation’s largest economy, teeters on bankruptcy, needing $54 billion in federal aid to provide basic services.
https://stephenlendman.org/2020/06/t...gun-in-the-us/

The blob state at all levels is working together to maintain their control over the producers.
https://claudiograss.ch/2020/06/the-...-civilization/
"They" will do anything to keep confidence going.
"The big risk with the latest U.S. jobs report is if it turns out to be a “head fake” says Mohamed El-Erian, chief economic advisor at Allianz.

“That’s the nightmare scenario,” El-Erian told Yahoo Finance after the US unexpectedly added 2.5 million jobs in May as states started re-opening and easing COVID-19 shelter in place measures.

“The big risk ... is that this is a head fake, a major head fake that we are picking up the impact of both data distortions, and policy distortions,” said El-Erian.
May’s employment report has economists scratching their heads. They were expecting the US to lose 7.5 million jobs. Instead it gained jobs,
https://finance.yahoo.com/news/el-er...130724867.html

A guy in Texas showed up to disperse the protesters with his chain saw. He definitely cleared the street. The result;
Protesters saying "f**k the police", now saying "call the police" after man shouts "go home" with chainsaw.
https://www.zerohedge.com/political/...sters-chainsaw

Here is the V-shaped recovery in one chart.
https://www.zerohedge.com/markets/he...orward-looking
The layoffs are working their way up the employment chain.
https://www.zerohedge.com/markets/mi...layoffs-begins
Here is an excellent article that is essentially WRONG.
https://www.zerohedge.com/geopolitic...ould-mean-gold
The article claims that $trillions was pumped into the upper loop of the economy and, caused asset-price inflation.

The article goes on to claim that the $trillions pumped into the lower loop will cause price inflation.
The economy is currently consumption constrained. Sending money to people who have none will stimulate CONSUMPTION, NOT speculation. Price inflation can appear when too much money is chasing too few goods. People can't afford the basics. Sending them stimulus money will help them pay their bills. It won't fuel price inflation.
The other type of price inflation is caused when monopolies raise their prices just because they can. We see prices dropping in many areas. NOT in food prices. They are rising,,,, just because they can..

The Saker writes about the systemic collapse of America.
https://www.zerohedge.com/markets/sa...iety-has-begun
"This is an absolutely amazing phenomenon: while for almost four years Trump has been destroying the US Empire externally, Trump-haters spent the same four years destroying the US from the inside! "
"destroying the US Empire externally" BAD Trump
Keep the wars going for the war profiteers and israel.,,,, GOOD Trump.

The stark separation between the lower loop and, the upper loop;
6/07 The first massive financial asset bubble INSIDE of a recession – NT
6/06 Too much damage is being done – Peak Prosperity
6/06 Pandemic, economic collapse, full societal breakdown – Economic Prism

[Danny B]

Armstrong has long predicted a crash in sovereign debt. If the presses are running in hyperdrive, how could this happen. The State sells government bonds to pull in money. Armstrong predicts that investors will abandon GOV debt. Can the FED print enough "money" to displace private finance? Dunno.
ANSWER: Governments have often resorted to forced loans. When Italy was in trouble, they took 90-day paper and converted it to 10-year paper. Most people are clueless about the German hyperinflation. They assume it was due to the government printing money. The spark was December 1922 when the government confiscated 10% of everyone’s property and handed them bonds as a forced loan. Confidence completely collapsed at that moment."
Apparently, the Eurozone is far more socialist than America. Socialism is expensive.
"nobody is mentioning things like government legislation to forcing people to buy government debt. For example 401’s, IRA’s… must have or be in government debt."
"This is all part of the process of the decline in confidence in the government. This is why the system is unsustainable. We will be heading into a great monetary crisis very soon."

Will we have a manufactured crisis like in 1987? Dunno
"By attempting to manipulate the dollar lower to gain trade benefits, they fail to understand that foreign investment in the US would also be repelled. You cannot lower the value of a currency by 40% to help trade without causing losses to foreign investors. So the 1987 Crash was currency driven and not economic"

"This has been a direct assault to destroy and redesign the economy from the ground up. The patterns are completely different and display a frontal attack upon the economy. This is not a result of an unintended consequence of manipulating one market without comprehending the interconnectivity throughout the entire system. This has been a deliberate attempt to destroy the economy and our way of life as we have known it. Therefore, the stark difference has been the collapse of many sectors that have been set in motion deliberately. We then see European politicians gleefully looking at this as an opportunity to rebuild the economy from a green perspective. You have Spain introducing basic income which is all designed to move Europe into a full-blown Marxist state by eliminating paper currency. Soon, they will default on all debt by transforming all government debt to perpetual bonds when they realize they cannot sell debt anymore."

MANY millions of bureaucrats in the West are looking for socialism to preserve their paychecks. They have fired up the printing presses. They are all eagerly espousing MMT and UBI. They want to see a general debt jubilee. Can direct government payments to everybody take the place of the bond markets. Armstrong seems to think that we will soon find out.

[Danny B]

Once again, Price's Law states that GOV bureaucracy will grow by 6% a year regardless of work load. This costs a lot of money to fund the blob state. TSA hired LOTS of people by advertising on the backs of pizza boxes. Global warming was to be used to raise $trillions in new taxes to fund the growing blob of people who contributed noting to the economy. Global carbon taxes have not been widely implemented. The blob is on the prowl looking for new funding.
NPR "calls for $55 billion to hire a national "Health Force" to do contact tracing "
"Public health officials say contact tracing,,,, will be needed nationwide "
Armstrong has a couple of good articles on the subject;
"Boris is approving contact tracing which will undermine the economy dramatically. This is a plot by the socialists to realize their Marxist dreams."
https://www.armstrongeconomics.com/i...nd-down-dirty/

The Marxists claim that socialism would work if it were universally implemented. Contract tracing is a means to lock in EVERYBODY.
Spain plans to lock up EVERY movement and, every deed.
https://www.armstrongeconomics.com/i...th-bill-gates/
The blob State is gearing up to hire many thousands of tracers to investigate and record every single detail of your life.
https://www.armstrongeconomics.com/m...trol-everyone/

Meanwhile, back in the world that isn't controlled by Marxists;
6/10 As the stock market soars, the real economy is in a historic crash – TMIN
6/10 The Fed is pushing the US toward a financial reset – Casey Research
Yeah, right. The FED is being pushed by politicians.
6/10 Rail stocks back to all time highs as rail traffic collapses – Zero Hedge
6/09 Fed eases terms of Main Street loans; registration will begin soon – Reuters
The FED seems intent on completely displacing the private banks in the entire loan business.

6/09 Speculative fervor in U.S. stocks surges to ‘stunning’ levels – Yahoo!
The FED, et al is in the pumping business. They can never let off.
6/09 Global economy to shrink 5.2%, worst recession since WWII – Mainichi
6/09 The economy peaked, entered recession, in February 2020 – The Street
6/09 US debt surges $3 trillion while interest cost falls – SRSrocco Report
6/09 15 years wiped out but jobs are still overstated – The Street
John Hussman is calling for a big uptick in the speed of collapse.
https://www.advisorperspectives.com/...-then-suddenly

The World Bank says that this is the biggest crash in 150 years.
http://www.presstv.com/Detail/2020/0...nomy-collapse-
Apparently, reality is no longer reality.
https://www.zerohedge.com/markets/ra...rly-collapsing
The blob state is trying to grow but, is shrinking in some areas.
https://apnews.com/5d4fad220d91518e71504302972a5831

The bigger the problem, the bigger the lies.
https://www.zerohedge.com/markets/ma...es-were-formed
Good charts, https://www.zerohedge.com/markets/an...kets-right-now
OECD Warns Of Deepest Global Downturn In Century, Second Virus Wave

[Danny B]

Because of many different reasons, we are in a huge deflationary environment. The FED and Treasury are pumping in liquidity (inflation) to offset the deflation.
6/11 Total US debt increases by $1 trillion in one month – Zero Hedge
It is possible that this pumping could keep a few sectors of the economy from crashing. BUT, for how long?
What about business closures?
OOOPS: Black Business Ownership Collapses by 41% in US Lockdowns
440,000 or 41% black-owned business had to close, compared to just 17% white-owned. Many are not coming back.

6/11 How long can insane stock valuations last? – Jay Taylor Media
6/11 US shale faces bankruptcy wave amid “long and arduous” global downturn – ZH
6/11 Analyst snickers at those who invest in gold but not bitcoin – Coin Telegraph
China Seizes all Bitcoin Bank Accounts


Stimulus check for the military-industrial-banking complex
US Air Force Finalizes Plans for Acquiring New Fighter Jet Models Every Five Years
6/10 OECD: global economy to contract by up to 7.6% in 2020 – CNBC
It is possible for the CBs to print up liquidity to make the numbers look OK but, what about the reality on the street?
Mnuchin Scrambles To Halt Stock Rout, Says Will "Pump" Another $1 Trillion Into Economy This Month

Edwards: We Are Transitioning From "The Ice Age" To "The Great Melt"
... but before markets can properly embrace The Great Melt, they first need to comprehend the new normal: deflation has arrived.
Food & Energy Costs Spark Rebound In Producer Prices
..average joe's cost of living is soaring.
"They" can inflate the price of things that are an absolute necessity.

Attention All "V" People






"I and others were mistaken early on in saying that the subprime crisis would be contained..."
London Police Warn Of "Perfect Storm" As Right Wing Groups Vow To Defend Statues From BLM






Clashes are set for this weekend.

BUY MORE POPCORN

US B-52 Bomber 'Loses' Experimental Hypersonic Missile Over California






“The missile is believed to have inadvertently separated from a B-52 carrier aircraft during a captive-carry flight test,” reported Aviation Week.

IT'S MINE BUT, YOU CAN HAVE IT FOR $17 million.

UCLA Prof Suspended, Under Police Protection After Refusing To Exempt Black Students From Final Exam
We've come a long ways down.
"US Living Standards Are About To Be Squeezed As Never Before" - Yale Economist Warns Of Dollar Crash

[Danny B]

6/12 Tech stock wipeout: big five lose $270 billion in value – CNBC
That big 5 were the only thing holding up the averages.
6/12 Credit funds reaped near-record $15 billion, then came the rout – Yahoo!
6/12 Hertz plans to sell up to $1 billion in new bankrupt stock – Zero Hedge
Party on, Wayne
6/11 US weekly jobless claims total 1.542 million, vs 1.6 million estimate – CNBC
So, we're doing great!

6/11 Int’l trade set to shrink 27% in Q2r after April ‘nosedive’ – Reuters
"They" are dismantling globalism because it is such a disaster.
6/11 Brawl erupts in US debt markets as borrowers get desperate – Bloomberg
$Trillions of liquidity floating around and, borrowers can't get any.
6/12 Japan’s debt mountain: how is it sustainable? – Japan Today
Total U.S. debt surges to $55.9 trillion amid big increases in corporate and government borrowing
So, who has the biggest unsustainable mountain?

Useless - Black Woman Seattle Police Chief Says Losing An Entire Precinct Station And Part Of Downtown Seattle Wasn't Her Fault !
The left is never at fault
Seattle Councilwoman Says Warlord-Controlled CHAZ Should Remain In Public Hands
It Only Took 2 Days For Seattle's "Autonomous Zone" To Descend Into Chaos...
Seattle "Autonomous Zone" Now Has A "Heavily-Armed" Warlord As Crime Spikes 300%
I hope that the left defunds the police. Everything will be wonderful.
https://www.alipac.us/f8/socialist-r...ricans-378533/
https://www.zerohedge.com/political/...egins-you-knew

Unstoppable: The Greatest Depression & The Reverse Wealth Effect






We are entering The Greatest Depression because there is no exit...