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April 14, 2020

Tuesday, April 14, 2020



Stocks, Gold, Silver, Higher As The Meltdown Worsens. By Gregory Mannarino



American Workers Get a 4-Month Safety Net; Wall Street Gets a 4 to 5-Year Bailout

The stimulus bill passed by Congress and signed into law by President Trump in March, (the CARES Act), increases the miserly amount most states provide in unemployment benefits (an average of $378 weekly) by an additional $600 per week. But that extra $600 only lasts until July 31 — a period of four months. Millions of small businesses, such as restaurants and retail shops, will shut down permanently as a result of this business disruption, meaning that workers in places like Florida, the third most populous state in the U.S., will be back to their preposterously low weekly unemployment allotment of $275 per week in just four months.

Let that sink in for a moment. A worker in Florida, where Republican Governor Ron DeSantis is in charge, is expected to live on $275 a week or $1100 per month, or the annualized amount of $13,200 per year. That $275 a week hasn’t increased in more than two decades, despite the cost of food and housing soaring over that period in Florida. And among the 50 states, Florida ranks dead last in terms of how long its Scrooge-esque unemployment benefit lasts: just 12 weeks versus 26 weeks for most other states. Other states with Dickensian unemployment benefits include Mississippi at $235 weekly; Arizona at $240; Louisiana at $247; and Alabama at $275. The CARES Act will give workers an additional 13 weeks of unemployment benefits, on top of the typical 26 weeks – but only at the rate their state is paying – and those additional weeks will end on December 31 of this year...

... Now consider how the Federal Reserve Bank of New York (New York Fed) and Congress take care of Wall Street: On September 17, 2019 the interest rate on overnight loans (repo) made between banks and other financial institutions spiked from the typical 2 percent to 10 percent. There was no coronavirus COVID-19 outbreak anywhere in the world at that point. There were no skyscrapers collapsing on Wall Street. There was no national emergency of any kind to warrant bailing out Wall Street. But within 24 hours the New York Fed had pumped $53 billion to the trading houses on Wall Street. No questions asked. No clogged phone lines. No paperwork to fill out. No standing in lines. No asking Congress for a vote. Just $53 billion created out of thin air by the New York Fed and instantly funneled out to Wall Street’s trading houses with the push of an electronic button.

Over the next six weeks, the New York Fed pumped out more than $6 trillion in below-market rate loans to Wall Street’s trading houses – without one single hearing being held in Congress to investigate what was going on. And, again, there was no national emergency, just bloated behemoth banks on Wall Street with dodgy financials afraid to lend to one another – the exact same situation that brought on the financial crisis in 2008 that led to a $29 trillion secret bailout by the New York Fed that lasted for two and one-half years... https://wallstreetonparade.com/2020/04/american-workers-get-a-4-month-safety-net-wall-street-gets-a-4-to-5-year-bailout/


White House Leaks Draft Plan To Reopen American Economy

It's the start of a guide for the states to follow...


Pension Bailout Of 2020? Governors Who Imposed Coronavirus Lockdowns Want $500 Billion

... In October, USA Today cited Pew Charitable Trusts data to report that state pension systems had less than 70 percent of the assets they need to pay out benefits owed current or retired public employees and officials. Mind you, this isn’t a federal government problem — the Feds have money troubles of their own, and they just got worse after passage of a $2.2 trillion coronavirus stimulus package that is already being called too little by spendthrift Democrats (naturally). Well, governors and state legislatures who have been unable to solve their own debt problems now see an opportunity to wipe their pension debt clean, compliments of you, abused taxpayer: They are demanding Congress cough up another $500 billion to help offset revenue losses caused by their orders to shutter businesses in their states... https://www.investmentwatchblog.com/pension-bailout-of-2020-governors-who-imposed-coronavirus-lockdowns-want-500-billion/


Where Will The Food Come From? (IMPORTANT)

Better think and prepare.... https://medium.com/@brucefenton/where-will-the-food-come-from-66f69c456f11


John Whitehead: COVID-19 and the War on Cash: What Is Behind the Push for a Cashless Society?

“The fact is that the government, like a highwayman, says to a man: Your money, or your life. And many, if not most, taxes are paid under the compulsion of that threat. The government does not, indeed, waylay a man in a lonely place, spring upon him from the road side, and, holding a pistol to his head, proceed to rifle his pockets. But the robbery is none the less a robbery on that account; and it is far more dastardly and shameful.”—Lysander Spooner, American abolitionist and legal theorist

Cash may well become a casualty of the COVID-19 pandemic.  As these COVID-19 lockdowns drag out, more and more individuals and businesses are going cashless (for convenience and in a so-called effort to avoid spreading coronavirus germs), engaging in online commerce or using digital forms of currency (bank cards, digital wallets, etc.). As a result, physical cash is no longer king. Yet there are other, more devious, reasons for this re-engineering of society away from physical cash: a cashless society—easily monitored, controlled, manipulated, weaponized and locked down—would play right into the hands of the government (and its corporate partners). To this end, the government and its corporate partners-in-crime have been waging a subtle war on cash for some time now.

What is this war on cash? It’s a concerted campaign to shift consumers towards a digital mode of commerce that can easily be monitored, tracked, tabulated, mined for data, hacked, hijacked and confiscated when convenient. According to economist Steve Forbes, “The real reason for this war on cash—start with the big bills and then work your way down—is an ugly power grab by Big Government. People will have less privacy: Electronic commerce makes it easier for Big Brother to see what we’re doing, thereby making it simpler to bar activities it doesn’t like, such as purchasing salt, sugar, big bottles of soda and Big Macs.” Much like the war on drugs and the war on terror, this so-called “war on cash” is being sold to the public as a means of fighting terrorists, drug dealers, tax evaders and now COVID-19 germs. Digital currency provides the government and its corporate partners with the ultimate method to track, control you and punish you...  https://www.rutherford.org/publications_resources/john_whiteheads_commentary/covid_19_and_the_war_on_cash_what_is_behind_the_push_for_a_cashless_society


Reports are that the Swiss Also Locked Up A doctor for being Against the Coronavirus Fraud

Stories are coming from Switzerland that a doctor, Thomas Binder, who has spoken out against the coronavirus fraud was arrested. It has been reported that he was brutally attacked by a Swiss SWAT team in his medical practice. He was arrested and taken to a psychiatric institution. Anyone who speaks out against the coronavirus is simply being arrested in some places in Europe. This is a shocking result that is unfolding across Europe. The question is WHY? This is not only Stalinistic, but crushing dissent must mean there is a hidden agenda. That appears to be the preparation for a new monetary system because they know this is collapsing. That is what the REPO Crisis was all about. https://www.armstrongeconomics.com/world-news/human-rights/reports-are-that-the-swiss-also-locked-up-a-doctor-for-being-against-the-coronavirus-fraud/


Documents Reveal Feds Are Excited To Create A Mass A.I. Surveillance Network

A FOIA request by the Electronic Privacy Information Center revealed how excited the National Security Commission on Artificial Intelligence (NSCAI) is about using CCTV cameras to create a national surveillance network. An NSCAI presentation titled “Chinese Tech Landscape Overview” discusses China’s facial recognition CCTV camera network in glowing terms. When we talk about data resources, really the largest data source is the government.

 The presentation discusses how the Chinese government profits from encouraging companies to use facial recognition on visitors and employees. Now that these companies are operating at scale they are building a host of other services (e.g. facial recognition for office buildings, augmented reality).  In America things are not all that different... https://www.activistpost.com/2020/04/documents-reveal-feds-are-excited-to-create-a-mass-surveillance-network.html
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