Kevin Hassett Second Quarter GDP Likely “Largest Decline Since Great Depression”…


It’s tough to see happy warrior Kevin Hassett without a smile.  However, Hassett is a very smart straight-shooter brought back into the administration to specifically advise and assist President Trump on economic plans and strategies to exit the COVID-19 collapse.

Hassett held an impromptu press availability to discuss the current status of our economic situation and took questions about the budget shortfalls amid local and state government. Lets finish battling through the crisis so we can get quickly to the rebound.

Senate Constructs $500 Billion State Bailout to Fund Coronavirus Lock Down – Irony: Taxpayers Pay for Their Confinement…


Comrades, senators within the United States government have proposed a terrific scheme to force taxpayers to fund their own confinement.   According to the plan $500 billion will be provided to state and local officials in an effort to offset lost revenue as a result of keeping citizens under house arrest.  Under the remarkable plan, taxpayers will now be paying for their own confinement.

Under the proposal, citizens who are not permitted to work; and who cannot leave the confinement of their homes or residence to earn a living; are now going to be compelled by the authority of the government, to pay the continued salaries of government workers.

Meanwhile, in a brilliant twist to benefit the State, as a result of their dictatorial power there is no currently functioning system of representation for any citizen to petition their unwarranted house-arrest.  You just can’t make this stuff up folks… unfortunately.

WASHINGTON (Reuters) – A U.S. Senate Republican and a Democrat proposed a $500 billion rescue package for state and municipal governments on Monday, as it became increasingly clear that the next coronavirus relief bill will not include money for reeling local authorities.

[…] Bill Cassidy (R), of Louisiana, and New Jersey Democrat Bob Menendez, who represent two of the states hit hardest by the pandemic, said their bill would allocate money based on states’ populations, infection rates and revenue losses in order to ensure that money goes where it is needed most.

[…] State governors and local officials across the United States have been pleading for more federal aid to provide essential services, as Americans stay home and businesses have closed because of the coronavirus outbreak. (read more)

These are remarkable times….

I can’t wait to see who lines up to support this scheme.

I can also sense a disturbance in the force.

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New Jersey Bans Looking At Flowers While Driving – Viewing Flowers from Inside a Vehicle is a Subversive Activity…


Comrades, let this serve as a warning to like-minded subversives who would attempt to defy the lock-down orders of Commissar Phil Murphy. If wrong-thoughts continue to be expressed, it may become necessary for the Ministry of Coronavirus Compliance to deduct 500 credits from your social compliance score. Please do not put the Ministry in the position of having to make such decisions. Compliance is in your best interest.

In the latest example of Blue State enforcement of unilateral decrees by a state governor, New Jersey Governor Phil Murphy bans driving through Tulip farms.   Yes, New Jersey, looking at flowers from inside your vehicle is a subversive activity against the interests of the state….  Non-compliance will not be tolerated.

Dalton Farms is a 99 acre family owned and run farm conveniently located in southern New Jersey just off of SR 322.  The farm was allowing residents to drive through their tulip fields to see the spring colors as the flowers bloom.  However, apparently fearing transmission of the Wuhan Virus from non-compliant vehicle operators; potentially permitting tire-to-tire transmission; the state has ordered the farm to shut down.

(Link – And Link to FARM)

All rogue citizens must be controlled lest they put a compliant society at risk of infection. Flower viewers are some of the most dangerous elements within our new society.  They may not just carry biologics they could possibly carry a more alarming virus of wrong-thought, potentially even perspectives on freedom, against the interests of the state.

During these stressful times thought, without regard for collective need, is an indication a citizen may be a subversive. Rogue citizens would be subversive to our new society and must be controlled.

The COVID Compliance Ministry appreciates good citizens who comply with the interests of the state. Good citizenship is rewarded with enhanced credits allowing access to a safe COVID Compliant Society. A safer society; where the odds will always be in your favor.

Social Distancing or House Arrest…. Details, comrades,… details

Blue State Governors Demand Facebook Remove Information Organizing Protests Against Their “Orders” – Facebook Complies…


There’s some misinformation quickly spreading about Facebook taking down all content where people are organizing protests against state “orders.”   In reality what Facebook is doing is responding to requests from state officials to remove content the state dictators claim is defiance of their orders.  Facebook is complying with those removal requests.

Mark Zuckerberg, Facebook CEO – “If someone is spreading something that is misinformation—certainly, someone saying that social distancing is not effective to help limit the spread of coronavirus—we do classify that as harmful misinformation and we take that down.”

“At the same time, it’s important for people to debate policies, basically give their opinions on different things, so there’s a line on this. But more than normal political discourse, I think, a lot of the things people are saying that is false around a health emergency can be classified as harmful misinformation that has a risk of leading to physical danger, and we will take that down.”

The latest effort by authoritarian-minded state governor should not come as a surprise.  These are overwhelmingly blue state (democrat) governors.  It is important to keep in mind the ‘stay-at-home’  and other restrictions on liberty are not laws per se’, they are orders by state governors.  The authoritarian request to block protest organizing on social media is an extension of the state’s ideological perspectives.  Freedom is a tenuous proposition.

All of the various restrictions coming from state governors in response to the COVID-19 do not come from State House and/or State Senate decisions. These are not laws.

The rules restricting liberty, in response to the crisis, have been pronounced without any representative voice supporting them. All of the rules are arbitrary, and many of these rules will be challenged in court.

However, until those court challenges take place, the only option for a redress of grievance comes in the form of public protest. Currently, there is no way for an citizen to appeal to a representative voice against the decrees from a state governor; other than a public protest…. This is a critical point; because non-representative government was the origination of the first great American rebellion against dictates from King George III.

Rebellion against unilateral and authoritarian power is America. Rebellion or push-back against non-representative government is the thread that connects the varying patchworks of our constitutional republic. Protest is so critical to our nation that it is protected within the very first amendment to our constitution.

Blue state governors have united to begin an economic civil war and block any White House effort to re-open the U.S. economy.  Enforcement of these unilateral orders is part of that plan.  The governors must use all censorship tools to retain their totalitarian agenda.

Again, this is all very predictable, during this economic war residents within the Blue occupied territories will be held captive to the political whims of their regional generals.

The economic freedom and liberty zone will encompass the Red region. The center of the country, mid west, southern region (surrounding the Gulf of Mexico) and south eastern Atlantic region. These areas will be open to commerce and economic freedom.

However, the urban dense populations (Blue pockets within Red zones) will push-back against the efforts of the Red generals in an attempt to retain alignment with their Blue team generals. Depending on the strength of the urban forces there may be roadblocks, sabotage, skirmishes and political violence against the freedom & liberty Red team.

Red captives within the Blue zones will have to be smart and strategic. Big Blue tech will be assisting the totalitarian Blue generals. Direct confrontation against the Blue forces should be avoided, and it will likely be a better strategy to fight stealthily as insurgents.

Any Red team member of the economic freedom alliance, trapped within a Blue region, is warned to evaluate their connection to their electronic devices. Your cell phones could be used as portable transponders expose your movement and your political views.

This is going to be one hell of a ideological battle. A Spring and Summer conflict like we’ve never seen in the history of U.S. politics.

Trump Should Appoint A Special Prosecutor to Investgate Bill Gates


A petition to the White House calling for an investigation into Bill & Melinda Gate Foundation is absolutely NECESSARY!!!! Gates has taken a high profile on this demanding we remain locked down until everyone is vaccinated as he said on German TV. Even the CDC admits that the flu vaccine is at best 60% effective. Clearly, what Gates has been pushing would not be 100% guarantee either and then the flu vaccine has to be changed every year because viruses mutate.

Everyone whose business has been harmed by this lockdown should sign this petition. Perhaps if enough people do so, Trump will see that this can even become a campaign issue and that alone would give any politicians ammunition for the political battle.

 

Why Cash Remains KING – Q&A


QUESTION #1: Dear Mr. Armstrong,
I’ve been following your blog for quite a while, and have a Basic subscription to Socrates. Wish I could have been able to attend a WEC, but so far that’s not been possible. Also wish I understood everything in Socrates so much better, but my old brain isn’t what it used to be, even tho’ I’ve learned a great deal.

I’m 72, retired, with a small pension, SocSec, and interest/dividends from the stock market. My home is free and clear. Investments are mostly Corporate Fixed Income and Municipal Bonds (for tax advantages), and a few stocks. I’m not an active trader, and have taken about a 16% hit so far.

Given that what I have is all I’ll have for the future, what is the best I (and other seniors essentially on fixed incomes) can do to protect ourselves for these next few years? Wish I could just pull it all out in cash and bury it in the backyard, but that isn’t a rational strategy, and likely not even do-able with the limits on cash withdrawals. I do have a fair amount of cash for “emergencies”, but certainly not enough for the next 10 years. It seems like I need to do something, but what?
Many thanks for all you do,
SH

ANSWER: Probably your greatest risk will be the Municipal Bonds. I know they love to say no munis defaulted during the Great Depression. The city of Detroit “suspended” all payments in 1937 and eventually repaid in 1963. This lockdown has been either the most stupid decision ever made by any politician, or they have been the puppets of the Climate Change Socialists whose dream it has been to shut down the economy, nationalize industry, to reduce CO2. Even Bill Gates TED Talk was all about how do we get to ZERO CO2.

Because of this unbelievable wholesale destruction of the world economy, state, provincial, and local governments are going to be in major trouble. They cannot print money as can the Federal governments. They rely on taxes and these morons have shut down their local economies without even comprehending what they were doing to their local tax base. They cannot pay pensions without current revenue. They will try to raise taxes and will find revolts and people who will be unable to pay because they lost their job, probably healthcare insurance that went with that, and all their various loans from cars and mortgages, etc.

As far as corporate debt, stay away from consumer-oriented companies such as retail sales with brick & motor establishments. Take Neiman Marcus, for example, their biggest shareholder in the Canadian pension system CPPIB.

Keeping gold in safe deposit boxes will be risky. We have already witnessed some European banks using the virus as a justification to deny access. You then must provide the reason for your access and what you intend to take out. Remember that when gold was confiscated, it was whatever was on deposit in banks. They did not go door to door.

QUESTION #2: Marty I’m based in UK and have been reading your posts for a while about Central banks and the collapse of Europe. I have recently retired and am holding funds in cash in Banks and also have a deposit box with a bit of gold. I have 2 investment properties with mortgages. Would you recommend that I use my cash and repay the mortgages and withdraw the box as u were talking about banks confiscating gold. Very worried about the future.

Thank you

K

ANSWER: Do not pay off the mortgages. Keep the cash. Be very careful about leaving gold or cash in a bank safe deposit box. Banks will not be trustworthy at this point. The governments can decree to seal all such boxes and they will do that in a split second.

COMMENT #3: Marty, Good morning. Been keeping an eye on things and also making analyses and forecasts. If this was a casino with sports betting odds, the Dark Age would be seeing better odds daily at a rapidly increasing rate and would soon be among the favorites, if not the odds on favorite.

Hope all is well in your area.

Best,
E

ANSWER: I am always amazed when Socrates makes such a bold forecast and I personally cannot find the words to articulate it. I wrote the report How Empires Nations & City-States Fall? The Dark Age Cycle and priced that at $29.50 for the average person because it was important to understand what makes such events unfold. I would have to confess, I underestimated the Climate Change contingent. They have persuaded many at the upper echelon of power and flipped even the wealthy into feeling guilty that they have so much to support this all-out assault on shutting down the world economy. I have inside knowledge that members were told to sell all stocks and bonds in January. They picked their favorites to protect.

I never imaged that the could shut down the world economy like this so fast. They have openly destroyed Capital Formation and have hurled society toward war and that certainly now raises the stake for a Dark Age coming post-2032. They have won. They are destroying civilization to save the planet. Nobody will bother to investigate – the question is WHY?

 

Is it Time for a Class-Action Lawsuit Against the World Health Organization?


I have never seen such absolute rhetoric coming out of any organization that is supposed to be impartial as that from the World Health Organization. All of their predictions have been dead WRONG. It is curious how they support Bill Gates and we should remain locked-down until we are all vaccinated and tested. The tests to see if you have COVID-19 have at least a false positive result of 5% if not higher. The CDC admits that the flu vaccine is only 60% effective. So why are we locked-down until vaccinated when that is not a 100% preventive measure? This is a false narrative.

Now the WHO has the audacity to come out and say that Britain should keep its people in prison and destroy its economy because the test to see if the people are immune is not reliable?

This is not a virus that is any more lethal than the flu. We do not lock down the world economy every flu season. What is their real agenda here? The Gates proposal that everything in the world must be vaccinated before the world economy can return to normal? Who make him the world emperor? Why is the New York Times, Washington Post supporting Gates against the people? WHY?

The economic damage has destroyed people’s lives and that increases the chances of war. I find this extremely arrogant for most countries do not have unemployment benefits. Many countries are highly dependent upon tourism like many islands, Thailand, and South Pacific not to mention Greece, Italy, and Spain. Those people are going to be waiting in lines for soup kitchens in third world countries and starvation is already rising.

There should be a major class-action lawsuit brought against the WHO which can expand thereafter with subpoena power to see who they have been conspiring with. It is time to do something that politicians are unwilling to do because perhaps it might involve them as well. The United Nations is not a sovereign government and should have no immunity.

PS – do not sue them in New York City. That is probably the most corrupt federal court.

Trump Blaming China Without Investigating the West?


QUESTION: Mr. Armstrong; Do you disagree with Trump blaming China for this virus leaking from their lab?

HB

ANSWER: I do not care if it was a mistaken leak from China’s lab or it was sent here by aliens intending to invade the planet. The source is irrelevant. There are also conspiracy theories that it was created and planted by Bill Gates since he has been the one person to gain so much from this fiasco. Since the World population is estimated to reach 7.58 billion and Gates’ companies got $10 per vaccine that would be twice his fortune. But in fact, they usually get $50 or more per flu shot. That would mean vaccines would cost almost $400 billion for just one. Why stop there. There are numerous viruses.

The blame belongs in the West and how did we allow the WHO and Imperial College’s Neil Fergusonto put out false information that there would not be enough bed space to warrant locking down the entire world economy destroying people’s livelihoods and pushing people in many areas toward starvation. They filled stadiums with beds that were never used.

This has been INTENTIONALLY exaggerated and used as a power-play in a far too well-organized manner. This attempt to blame some lab in China for the actions that have taken place in the political circles in the West is not justified. The West has jumped on the push for digital currencies using the virus as the excuse is just way too convenient. Blaming China’s lab is a distraction so we do not look at what has been done politically at by the people who are supposed to be representing the people but never do.

I do NOT support Trump with the blame game shifting this to China. We should have a public investigation of all the players from Bill Gates, the WHO, which elites sold all stocks and bonds and where did those tips come from. How about we start there. This coronavirus scare has been deliberately exploited as a power grab and NO lab in China would be responsible for the political actions right in our backyard. At the 2012 British Olympics, the opening skit was all about a pandemic with hospital beds. Was that a political attempt at pre-conditioning the public for a power-grab?

I have a cousin who is in the hospital with it. So some claims it’s fake or 5G really does not matter! Stop looking at the claimed cause. Look at the exploitation that has been carried out for political objectives. Forget the virus. Remember our Liberty!

Drug Cartels Say Coronavirus Creating Narcotic Shortages…


Shortfalls in the illicit drug trade could be very problematic for the DNC who receive funding through Mexican drug cartels.  Apparently, according to the cartels, the coronavirus is having an impact.  Will Speaker Pelosi look for bailout options?

Additionally the U.S. military operation to target illicit drugs is entering its fourth week creating even more havoc in the system.

NEW YORK (AP) — Coronavirus is dealing a gut punch to the illegal drug trade, paralyzing economies, closing borders and severing supply chains in China that traffickers rely on for the chemicals to make such profitable drugs as methamphetamine and fentanyl.

[…] – Along the 2,000-mile U.S.-Mexico border through which the vast majority of illegal drugs cross, the normally bustling vehicle traffic that smugglers use for cover has slowed to a trickle. Bars, nightclubs and motels across the country that are ordinarily fertile marketplaces for drug dealers have shuttered. And prices for drugs in short supply have soared to gouging levels.

“They are facing a supply problem and a demand problem,” said Alejandro Hope, a security analyst and former official with CISEN, the Mexican intelligence agency. “Once you get them to the market, who are you going to sell to?”

Virtually every illicit drug has been impacted, with supply chain disruptions at both the wholesale and retail level. Traffickers are stockpiling narcotics and cash along the border, and the U.S. Drug Enforcement Administration even reports a decrease in money laundering and online drug sales on the so-called dark web.  (read more)

President Trump broke the OPEC+ stalemate by agreeing to decrease U.S. production by 300k/barrels allowing Mexico to drop a more manageable 100k/barrels. Trump and AMLO reached an undisclosed agreement where Mexico will reimburse the U.S. later on.

♦As we shared last week… CTH suspects the “reimbursement” will be more, well, strategically geopolitical than financial.  [*nudge-nudge*, *wink-wink*, *say-no-more/say-no-more*]  President Trump has an uncanny knack of collecting leverage for later, more strategic, purposes.  Just sayin’.

Three Weeks Ago…. President Trump and Defense Secretary Esper announced a major deployment of U.S. military to interdict narcotics trafficking from Central America.

On the surface the effort to deploy naval assets to the Caribbean and southern pacific is justified based on intelligence drug cartels will exploit the coronavirus pandemic to ship more narcotics into the U.S.

However, in the bigger picture there’s also a likelihood the Chinese Communist Party would work with their geopolitical allies in Central American regimes to further weaken the U.S. during a time of increased vulnerability.

In times of war, or severe geopolitical confrontation, exploiting a vulnerability is a common strategy. Therefore it’s a smart and prudent geopolitical move for President Trump and U.S. military to take very aggressive action against the cartels and their communist sympathizers. There’s more going on here than appears on the surface.

Barr: “The president is very thankful for your cooperation“…

AMLO: “So you’re saying this is an offer I cannot refuse?“..

Barr: “The President is very thankful for your cooperation“…

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What headlines appear next?…

(link)

Funny how that happens...

(1) Trump launches military anti-narcotics effort.  (2) AMLO asks Trump for help with oil pricing.  (3) Trump helps AMLO with oil pricing. (4) Cartels report supply chain issues.

 

White House Coronavirus Task Force Briefing – 5:45pm ET Livestream…


Unfortunately, with President Trump effectively communicating the latest information on the federal efforts to mitigate COVID-19, more corporate U.S. resistance media have decided not to carry the live broadcasts from the White House task force briefings.

Today at 5:45pm ET the White House will hold a briefing for the public and media on the latest mitigation efforts against the coronavirus. [Livestream Links Below]

White House Livestream Link – Fox News Livestream – CSPAN Livestream Link

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