Simon Property Group, which is the largest mall operator in the country, is closing all of its malls due to coronavirus starting 7 p.m. Wednesday. The wholesale closing of businesses is insane. This entire scare has been orchestrated by this Pandemic Exercise where they are only concerned about stopping a disease without any regard to the implications to the world economy.
There is clearly a world economic depression that has been set in motion by these people. There are places where people work part-time and are now without jobs or unemployment insurance. These people are ignorant of what they have proposed and what they are doing to the entire world. They are idiots when it comes to economics and they have set in motion an insane panic. You cannot shut down the world economy to simply stop the common cold. The stupidity they have demonstrated is beyond belief, and the press has run with this story and will blame any politician who disagrees with these idiots. The best thing that can take place is advertising revenue collapses, the journalists lose their jobs, and the economy implodes which eliminates grants to people like this. You do not yell fire in a theater. This is what they have done.
John Hopkins has removed the death count because it has exposed their recommendations that have destroyed the world economy. This has disrupted the lives of so many that the damage may be beyond calculation. Small businesses will go bankrupt and banks will refuse to lend to them all because of these people and their insane recommendations.
Unemployment may surge back to 6%, but it will be far worse because of the part-time workers who will not be covered. These people have been totally irresponsible and the damage they have caused while living comfortably off of grants is an insult to the working people around the world.
How about we have Senate investigations and haul these people before Congress to testify under oath!
Avigan Favipiravir Treatment Reduces the Threat
China has announced that the Japanese drug, Avigan Favipiravir (T-705) which is a broad-spectrum inhibitor of viral RNA polymerase, proved to be successful in helping the fight against this coronavirus. I strongly urge the president to convene an investigation to restore public confidence.
Meanwhile, others are exposing the absurdity of what these people have done to the world economy when less than 8,000 have died and the virus has subsided already in China and South Korea. It will probably peak out by April/May.
Even Uber has been asking people not to ride. This is destroying so many drivers who need this income to supplement them or they have no other employment opportunities.
QUESTION: Marty; it all seems to be setting up for your forecast back to new high into 2022. Even the inflationary wave seems oddly reminiscent of 1979 with people hoarding toilet paper again. Is everything still on track?
AD
ANSWER: Yes. As you know, the Global Market Watch is dynamic. So the yearly will change with the market. We have gone down enough in the Dow Jones Industrials for it to come up with a pattern that calls this an Important Reaction Low. If we go further, it may change to a Knee-Jerk Low. I suggest following that in Socrates. The inflation was showing more between 2022-2024. The Silver/Gold Ratio was warning this was not ready to breakout.
The correction came in on a target from the ECM turn on January 18th, 2020. It was the 21st when Ray Dalio said “cash is trash” which was perfect. The target we gave back at the WEC in October for the correction in January was a minimum correction in the Dow to 21600. So that has been met and now we are fooling around with the Monthly Bearish Reversals below that target.
Ironically, the more pronounced the decline, the higher the probability for the slingshot. You need to create that energy. Government bond markets are collapsing so the traditional flight to quality is a dead issue. There is a panic to dollars right now. This is rising as fears over canceling currencies in Europe and bank holidays.
QUESTION #2: Hi,
If the government decides the whole nation needs to be tested for the virus. Will they then have the DNA of every US citizen? Is that a potential benefit created by this Corona panic?
Thanks,
DAS
ANSWER: Yes. The same test could also be retained for DNA.
QUESTION #3: How can conservatives like Mike Adams of Natural News be full on pandemic shut the entire world down mentality? And anyone who doesn’t agree is stupid – his words! It seems very clear what is happening but very few seem to realize it. Thanks for being the voice of reason. Very frightening times we find ourselves in.
P
ANSWER: They are clueless as to the economic impact. You do not kill the patient to cure the disease.
QUESTION #4: Hi Marty — at 8 am Eastern I divided the Gold Continuous Futures Contract price by the silver and got a ratio of 127.3!!!!!
Even looking at the Socrates Gold Silver Ratio it was scraping 120 yesterday.
The shoot-up since December is absolutely insane on a historical level, as is the ratio itself , as I understand.
Have purchased your Gold Reports since 2014 Version where the ratio has been an important element of long term price.
I appreciate that we are in unusual times right now.
I think many of your customers, benefactors and followers are, like me, curious to hear your input on this ratio at the moment.
We do understand you are busy, so just something to keep in mind.
THANKS FOR ALL OF YOUR GREAT INSIGHTS!
DP NYC
ANSWER: The reason I have been skeptical about the gold rally breaking out is because of the ratio. We need to get that in alignment. I will update that on the private blog.
Even in Thailand, they have shut down all nightclubs and bars. Nobody can work and they do not have unemployment. You are looking at a massive global depression with the rise that a lot more people will starve to death before they ever get this virus
COMMENT: I think this is being used by socialists to justify complete government control. They criticize Trump saying he did not act soon enough. I just do not understand that these people think the government should protect us from everything. The person I was talking to was a teacher. They think everyone cares too much about money. They are really naive. If people do not work they can’t pay taxes and then what? I do not understand their reasoning. Over 38,000 people die in car crashes every year. So using their logic, we should all give up our cars and just stay in our houses and never leave. They are getting really scary.
SB
REPLY: The joke is Bernie Sanders walks into a bar and yells, “Free drinks for everyone!” The bartender asks, “Who’s buying?” Bernie says, “Well it’s obviously the guy who has the most money!”The crowd cheers! “That’s you Bernie! We are all unemployed because of the coronavirus!”
You are right, government workers do not understand the economy. They think Trump only cares about money and the rich. But it is the people in the private sector who pay the taxes that support their lifestyle — not just the rich. They see the world only through their eyes and believe the government has endless pockets. They have 100% job security because the government just raises taxes when it needs more money and they’ll throw you in prison if you refuse to pay.
What is really interesting is that by shutting down the economy, people will lose jobs, small businesses will cease to exist, unemployment will rise, tax revenue will decline, and then the very people pushing this panic inside the government will suddenly lose their pensions. That may be the only poetic justice coming out of this mess
What has taken place with this coronavirus is absolutely insane. This is seriously disrupting the entire world economy. We are staring into the eyes of a very serious Great Depression that will topple governments all because of an overreaction and hyping of this virus. Far more people die of the flu and even smoking than this virus. We do not shut down commerce because of such diseases.
I am bringing together all the economic forecasts. I will release this ASAP. Since this is an economic forecast rather than a market forecast, this is something for the general public. The price on this will be $9.95 in a downloadable file.
About your post “Fake News & Coronavirus Panic”, i wanna share my experience here in Italy, Venice.
In the last weeks i’ve been contacted by my abroad friends reading our apocalyptic news, wondering if i was already became a zombie. My answer was always the same: “i’m fine also my family, friends and all my contacts til the 4th grade. I read the news as you, but i’m still astonished by this kind of overreaction”.
With passing days the situation worsened, better say the reaction went to steroids. Because yes, the ill numbers are growing, but looking my very productive region entering in lockdown, like a christmas tree slowly turning off its lights, it became the real nightmare.
Our governor, once a balanced right-wing politician, actually screams that hospitals’ intensive care is close to be full; that he doesn’t permit to have careless casualties, even blaming people walking on the river banks or sending police controls to the companies for checking if they apply the health security rules.
Because Doctors said this is the only way to lower the casualty rate. Then Mr Armstrong, i agree with your rants on the media, but it’s not just that only. What it’s changed is that we consider science as a religion and scientists as priests, avoiding to balance their biased warnings with the old family father’s wise rules.
We don’t accept the death anymore, going to war for saving hundred patients, forgetting that famine kills the millions.
Best regards,
AF
REPLY: I have been in contact with some people who are on the Hill in Washington who are growing concerned that this may be an orchestrated grab for power. The CDC has long sought dictatorial powers and has been pushing legislation under the title of the Model State Emergency Health Powers Act. It is a draft of model legislation to increase state powers to respond to bio-terrorism or other outbreaks of disease that the Centers for Disease Control and others want the states to pass into law. Although such legislation is needed, the current draft of the Model Act, unfortunately, is written in a way that doesn’t adequately protect citizens against the misuse of the tremendous powers that it would grant in an emergency.
The CDC seeks extraordinary emergency powers where there are no checks or balances. When you go to a doctor they always tell you to get a SECOND opinion. Public health authorities make mistakes. We all know that politicians abuse their powers and those in government’s deep state seek absolute rule for everyone is a potential enemy. Even take what they did to the Japanese during World War II. The government has a history of discriminatory abuse of power when it comes to the quarantines. The lack of checks and balances is always a major threat to civil liberty. They will always go too far.
This is becoming a power grab just as they used 9/11. There are no cases were I am. Nevertheless, they have panicked and imposed curfews. A lot of girls in college work as servers. Restaurants are closing and students who are already screwed by the system cannot go bankrupt on worthless degrees and cannot even earn money to live. This has gone way too far
The Coronavirus Panic has been caused by FAKE NEWS and the press MUST be held accountable. The press is acting irresponsibly and has turned this virus into a major scare. They criticize any politician who dares to disagree as reflected in the Washington Post’s headline:
“As much of America takes drastic action, some Republicans remain skeptical of the severity of the coronavirus pandemic”
There should be an investigation of the press and restoration of the FCC Fairness Doctrine. This is so critical at this time. The press is NOT responsible and MUST be forced to present both sides.
Trump should IMMEDIATELY reinstate the Fairness Doctrine in the media that once existed at the FCC. The Fairness Doctrine was a policy of the United States Federal Communications Commission (FCC), introduced in 1949, that required the holders of broadcast licenses both to present controversial issues of public importance and to do so in a manner that was — in the Commission’s view — honest, equitable, and balanced. The FCC eliminated the Fairness Doctrine in 1987 and in August of 2011, the FCC formally removed the language that implemented the doctrine.
Expand this doctrine to print media – all newspapers! They lose their license if their reporting remains unbalanced and filled with propaganda. Freedom of the press is not the freedom to report only what they want in the way they want. If they claim to be reporting news, then it has to be the unbiased news. Opinion is for op-eds and they must report both views. STOP THE PROPAGANDA NOW!
For those unfamiliar with the germ theory of disease, it was the major achievement of French scientist Louis Pasteur. He discovered that healthy silk worms became ill when they nested in the bedding of those suffering from the disease.
I have searched history to try to find any such period where there has been such a panic over such a minimal event. I would understand if we were dealing with a kill ratio of 20%+ to justify calling off elections, closing stores, and imposing curfews. The advice that Trump has received is absolutely insane. The damage to the economy is off the charts. Yes, if we all stay in our homes and never go out that will stop the flu from spreading. But at what cost to the economy?
What is unfolding is NOT going to be repaired so easily. In Washington, they are already circulating proposals that they may need to create a $1 trillion bailout fund for everything from airlines to restaurants. The amount of money sought just by airlines does not reflect the damage being done to small businesses. Unemployment will rise because they are destroying small business and that is the sector that employs 70% of the workforce. The airlines will get aid, but it will not trickle down to the small businesses.
Those pushing this panic are really doing long-term damage and they are only destroying their own liberty.
After signing an executive order directing HHS as part of the invocation of the Defense Production Act, President Trump meets with representatives of American nurses.
Participants included: Robyn Begley,CEO, American Organization of Nurse Leaders; David Benton,CEO, National Council of State Boards of Nursing; Theresa Davis,Clinical Operations Director, American Association of Critical Care Nurses; Debbie Hatmaker, Chief Nursing Officer, American Nurses Association; David Hebert, CEO, American Association of Nurse Practitioners; Ron Krause,Vice President and President-Elect, Emergency Nurses Association; Cara Krulewitch,Epidemiologist, American College of Nurse-Midwives; Dave Mason, Senior Policy Director, National Association of Nurse Practitioners in Women’s Health; Suzanne Miyamoto,President and CEO, American Academy of Nursing; Randall Moore II,CEO, American Association of Nurse Anesthetists
Brenda Nevidjon,CEO, Oncology Nursing Society; Dr. Deborah Trautman,President and CEO, American Association of Colleges of Nurses. [Video and Transcript]
.
[Transcript] – THE PRESIDENT: Well, thank you very much. And today I welcome the great nurses of our country to the White House and express our gratitude for those on the frontlines in our war against the global pandemic. And it’s been something, but we’re winning it. We will win. It’s a question of when, and I think it’s going — it’s going to go quickly. We hope it’s going to go quickly. I think we all agree.
We’re glad to be joined by Vice President Mike Pence, Secretary Alex Azar, Administrator Seema Verma, Dr. Robert Redfield, and Dr. Deborah Birx. Thank you all very much for being here. Thank you very much.
We’re using the full power of government in response to the Chinese virus. I declared a state of national emergency that will make up to $50 billion in disaster relief funds available, which we can use to assist hospitals — which, as you know, we need.
I asked states to set up emergency operation centers and hospitals to activate emergency plans. And they’ve been fully notified. We’re urging hospitals to cancel all elective medical procedures.
My emergency declaration allowed us to waive regulations to give nurses and doctors maximum flexibility to respond to the virus and to protect our frontline professionals that we’ve authorized through telehealth nationwide, which is really becoming big stuff — telehealth. It makes it a lot easier for patients, and it really has been working out amazingly well.
We empowered states to authorize tests developed in their state. And we are working with the private sector to rapidly expand testing capacity. We have literally rebuilt that whole system. It was an obsolete system, and it’s been rebuilt.
And a lot of good things are happening.
We’ve ordered 500 million N-95 masks to drive private production. American manufacturers are repurposing factories. One major manufacturer has already doubled capacity, and we’ve asked construction companies to donate unused masks. And they have actually, quite a few of them — the construction companies. Who would think that? But they’re going to be donating unused masks. And the Defense Department is making millions of masks available for healthcare workers.
And we’re asking every American to make major changes to reduce social interactions over the next two weeks. As we all know, we must make shared sacrifices, and that’s what we’re doing as a country. It’s been amazing to see the way the country has come together. There’s tremendous spirit. And even Republicans and Democrats are getting together — for the most part, but they’re getting together. So that’s a good thing to see.
I thought maybe I’d go around the room and we’ll just say your name and who you’re representing. And it’s great to have you. Thank you very much. Please.
DR. HATMAKER: I’m Dr. Debbie Hatmaker. I’m the Chief Nursing Officer for the American Nurses Association.
THE PRESIDENT: Great. Thank you, Debbie.
DR. MIYAMOTO: I’m Dr. Suzanne Miyamoto. I’m the CEO of the American Academy of Nursing.
MR. HEBERT: I’m David Hebert. I’m the CEO of the American Association of Nurse Practitioners. Thank you for having us.
THE PRESIDENT: Thank you very much.
DR. TRAUTMAN: Hi, Mr. President. I’m Dr. Deborah Trautman. I’m the President and CEO for the American Association of Colleges of Nursing.
THE PRESIDENT: Great. Wow.
DR. DAVIS: Hello, I am Theresa Davis and I’m the Clinical Operations Director of an eICU, but I am representing the American Association of Critical Care Nurses.
THE PRESIDENT: Thank you very much. Great.
MR. KRAUS: Hi, I’m Ron Kraus. I’m the 2021 National President for the Emergency Nurses Association.
THE PRESIDENT: Thank you very much.
MS. BEGLEY: Hello, Mr. President. I’m Robyn Begley, the CEO of the American Organization for Nursing Leaders and the CNO for the American Hospital Association.
THE PRESIDENT: That’s great. Thank you very much.
I know who he is. Mike, do you have anything to say?
THE VICE PRESIDENT: Well, just — Mr. President, I just want to join you in welcoming these great healers to the White House. The President spoke today to the leaders of physician organizations from around the country. We garnered from them recommendations about how we can further support those of you that are coming alongside Americans that are impacted by coronavirus.
And as the President said, we are absolutely committed to bringing the full resources of the federal government, the full resources of the American economy to work with states across the country, to be there for Americans struggling with coronavirus.
But at the same level of priority, the President has made it clear that we are to make sure that the men and women who are serving those patients, and — the nurses, the nurse practitioners, the emergency room nurses so well represented here and around the country — are in the forefront of the President’s mind.
And as he said, we’ve taken decisive steps. We’ve enabled the expansion, availability of N-95 masks. And Congress has worked a bipartisan way to make those more available. We’re working on gowns and gloves and all of the personal protective equipment that all of you rely on every day.
And I look forward to the discussion today about how we might be most helpful. But I hope you will carry back the gratitude of your President and of our entire team on the White House Coronavirus Task Force for the work that all of your members are doing every single day. They are the hands and feet of American compassion, and every American is grateful to our nurses.
THE PRESIDENT: Thank you, Mike. And just for the media: FEMA is fully engaged. They’re — they’re working with them very closely. They’re going around, they’re seeing many of the states. They’re engaged all over the country. But some areas have far greater problems than others. Some areas don’t have very much of a problem at all, as you know. But FEMA is very much engaged. They’re fully engaged as of about two hours ago.
And tomorrow, we’re having a — what I think will be a very interesting news conference, and I think you know what that’s all about. So, we’ll see.
The FDA will be — they’ve been working very, very hard, and I appreciate what they’re doing. And I think we have some very interesting things that will be brought up tomorrow at the news conference. It’ll be set up, I think, at around 11 o’clock or so, but we look forward to seeing you tomorrow.
…there had to be a point where the value of the Wall St economy surpassed the value of the Main St economy… Part I Here
We now look forward, and consider the question: How would the multinational underwriters, the multinational financial systems, reset all transactional tables (the bookkeeping systems underneath the valuation) if the U.S. stock market was ever forced to re-value economic nationalism over multinational globalism?
To first answer the “how” question, we must visit the “why” question. Why would the multinational financial underwriters want to reset their valuations?
Obviously, the global financial system does not act altruistically. What would motivate the global wealth valuation authority (various market investment indexes) to want, or need, a reset.
The answer to the “why” question might not be as challenging as it appears.
First, there has been a seismic shift in how the world looks at the economic exploitation of multinational systems, or globalism. See Bernie Sanders? See those yellow vests in France? See what happened with the U.K. Brexit referendum? See the shrinking EU influence? See the open/public confrontation and push-back against China? See Trump? All examples are consequences of the rise of economic nationalism.
Secondly, the original Wall Street corporate motive (during decades of mergers and acquisitions) to shift product manufacturing to Southeast Asia (ASEAN nations) was driven by a lower cost of overall business, higher profit margins and greed.
As a direct outcome economic wealth was shifted from the U.S. to ASEAN nations, and particularly China. Low wages, low regulation, cheap operational costs, incentives and subsidies from Asia equals cheap TV’s, sneakers, furniture and durable goods.
Even with high fuel prices and overseas shipping costs, there was a big difference between U.S. and ASEAN manufacturing costs. As hundreds of U.S. Wall Street multinationals chased profits the rust-belt was created.
However, over time (three decades) the outflow of U.S. wealth resulted in a higher wealth level in the ASEAN nations. Over time Asian workers receive higher wages and their standard of living increased.
With 30 years of stagnate wage growth in the U.S, and with rising wages and standards in southeast Asia, the difference in labor costs starts to narrow. Simultaneously, the internal economy in China, Vietnam, S-Korea etc. all started to increase.
The ASEAN workers are now buying stuff they couldn’t afford before.
Instead of a reliance on the U.S. consumer, the internal economy (local demand on a generational scale) starts driving a need in Asia for the same products. As a result, more U.S. and global multinationals expanded operations in those ASEAN nations because new consumers were created.
However, the multinationals were also taking advantage of (exploiting) prior trade constructs like NAFTA. Ex. U.S. multinationals used Canada and Mexico to assemble Chinese products for distribution into the U.S.
Along comes Donald Trump who has watched all of this and he wants to change it.
President Trump starts initiating policies that specifically benefit Main Street by speeding up the process of narrowing the cost difference between the U.S. and SE Asia.
President Trump calls these policies “America First”.
Trump lowers the corporate tax rate to offset the ASEAN benefit of Chinese subsidies. A tax policy that also makes corporate tax inversion less likely.
Trump further narrows production costs by lowering U.S. energy costs. A policy to unleash all facets of energy development (ex. pipeline approvals and ANWR opening). Again, lower energy costs in the U.S. narrows the cost difference for manufacturing.
Trump deregulates various industries, again closing the gap between the U.S. and ASEAN nations. Part of this deregulation allows for expanded (easier) raw material development.
With the initial framework established, President Trump starts getting serious.
President Trump puts a big wrench into the cost dynamic with tariffs on imported goods from China and Asia. Trump then eliminates the three-decade-old NAFTA loopholes that allowed manufacturers to work around origination rules.
The USMCA has more strict origination rules that require parts to originate in North America. The tax/tariff for violating the origination rule(s) are not particularly high, but they are a disincentive. Again, that narrows the cost difference.
All of these policies, lower corp taxes, deregulation, lower energy costs, access to abundant raw materials; closed NAFTA loopholes; and the looming threat of easy to apply tariffs; work together to narrow the cost difference between production in ASEAN nations and production in the U.S.
Then when you factor-in shipping costs & new trade rules, well, the difference is minimal.
So there’s the “why” answer.
♦ The multinational systems (Wall St. valuation underwriters) are now open to a reset in the current global evaluation indexes, because the landscape has completely changed.
A 72″ flat screen TV can be made in the U.S. for the same price as the TV in Vietnam.
However, there’s still another problem… For that, we need a metaphor… so we’ll stick with a fictional TV corporation.
A U.S. electronic multinational has a stock market evaluation based, in part, on their TV assembly operations overseas. Assume that division of the parent company is 20% of the total company valuation. If that company wants to return the TV division to the U.S. the exit cost of the move is not worth 20% of their total valuation.
The physical land (leased or owned), physical factory (leased or owned), and physical machinery are worth pennies on the original investment dollar.
It is the operation, and the preceding financial result, that carried the Wall Street valuation. If the TV division is going to relocate into the U.S, Mexico or, less likely Canada, that division is going to have to invest in the move and only recapture a few dollars from the sale of land, factory or equipment they leave behind.
How do they pay for the costs to return to North America?…
…and, more importantly…
How do the multinational underwriters who assigned the divisional valuation, and the investors who subsequently inflated the valuation, lower the divisional valuation to reset for an entirely new landscape and growth/profit opportunity?
In essence what this “TV” example shows is a corporation detaching their valuation from globalism, and reattaching their valuation to economic nationalism, Main Street USA, again.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Centinel2012 