Vermont Decrees Home Farming “Non Essential”, Forbids The Selling of Seeds…


Comrades, the administrative state will take care of all your food needs.  There is no reason to be self-sufficient in the production of food products.  As a result Vermont has designatedthe selling of seeds as “non-essential” and blocked from purchase:

It is more than a little alarming to see state officials now beginning to drill down into products that stores will be permitted to sell, or not sell, within businesses that are permitted to remain open during the COVID-19 mitigation effort.

Interestingly Vermont is the home state for Comrade Bernie Sanders; a candidate for the position of president, and is a self-described socialist with favorable opinion toward Comrade Fidel Castro of Cuba.  Amid all of the control efforts by various totalitarian state officials, this connection does not seem accidental.

Roping-off sections of products, and banning the sale of specific and designated products within businesses that are operating contingent to the approval of the state authority, takes the control function of government to an entirely new level.

We The People, perhaps as a group who have taken some basic precepts of freedom and liberty for granted, would be wise to look at what is taking place within the big picture.

Various government officials and interests of the state are taking advantage of the current crisis to test how far they can pull the levers of control.  Perhaps you do not garden; perhaps you never purchase seeds; perhaps you do not grow your own food; that’s not really the issue here….  stopping your ability to do so should alarm everyone.

First they told you not to leave home except for essential services.  Now they tell you what those services are; and in doing so they define and limit access to products, thereby controlling your behavior to permit only those activities approved by the state.

Freedom is a tenuous proposition; take nothing for granted.

Eyes wide open.

David ShoelessJoe🇺🇸@yohiobaseball

.@TheLastRefuge2 New rules for stores & things I’m seeing here. Gov orders stores & grocery stores to limit number of people in at a time & lines outside. Places like Walmart asking people to not bring children in stores & honestly roping off shopping sections as non-essential

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Dr. Smith is Very Optimistic About Hydroxychloroquine Treatment: “This is the beginning of the end of the pandemic”…


Dr. Stephen Smith, and infectious disease specialist, appears on Fox News with Laura Ingraham to discuss his work dealing with COVID-19 patients and his protocol of using Hydroxychloroquine as a treatment.

Dr. Smith reports that no patient who has undergone the Hydroxycholoquine treatment has required intubation (a ventilator). That positive outcome is statistically impossible if the hydroxychloroquine treatment regime did not work. WATCH:

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Unfortunately a fast, efficient and inexpensive treatment protocol is against the interests of Big Pharma, Bill Gates, Dr. Fauci and the global medical complex that manipulates world health for maximum power and profit.

White House Coronavirus Task Force Briefing – 5:00pm 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 5:00pm 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 Link – RSBN Livestream Link

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A Record 6.6 Million Americans File Unemployment Claims…


The Department of Labor (DOL) released the unemployment claims data [pdf available here] showing a record 6.6 million Americans applied for unemployment benefits last week due to the coronavirus shut-down.

The 6.6 million claims are double the 3.3 million who made claims last week. Jobless/Unemployment claims, a data-point for layoffs, shows how many workers lose jobs and apply for temporary financial assistance.  It is unknown how many people may be re-hired or retained by the rescue funds within the CARES Act.  This process is only just beginning.

WASHINGTON, DC – Secretary of Labor Eugene Scalia issued the following statement regarding Unemployment Insurance claims:

“Similar to last week’s unemployment claims numbers, today’s report reflects the sacrifices American workers are making for their families, neighbors, and country in order to ‘slow the spread.’

The Administration continues to act quickly to address this impact on American workers. That includes a rule the Labor Department adopted yesterday to implement the paid leave provisions of the Families First Coronavirus Response Act, and the Department’s work with the States to make available the enhanced unemployment benefits provided in the CARES Act, which the President signed last week.

That legislation also contains significant incentives for businesses to retain workers and continue paying them, which will put businesses and workers in a better position to resume work and re-boot the economy once the virus is contained.” (link)

About six percent of the U.S. labor force has now filed for jobless benefits over the past two weeks.  The average was less than 0.3% at the end of February.  The coronavirus shut-down is having a severe impact on an ever-growing share of the economy.

The unemployment virus is worse inside the restaurant, hospitality, retail, trade and construction segments.

U.S. Treasury Secretary Steven Mnuchin previously announced that small businesses (0 to 500 employees) and sole proprietorships can start applying for the coronavirus relief funds on April 3rd. One week later, April 10th, self-employed individuals, 1099 contractors and s-corps can apply. [Visit SBA.gov/coronavirus]

[pdf link available here]

WASHINGTON – Following President Trump’s signing of the historic Coronavirus Aid, Relief, and Economic Security (CARES) Act, SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin today announced that the SBA and Treasury Department have initiated a robust mobilization effort of banks and other lending institutions to provide small businesses with the capital they need.

The CARES Act establishes a new $349 billion Paycheck Protection Program. The Program will provide much-needed relief to millions of small businesses so they can sustain their businesses and keep their workers employed.

“This legislation provides small business job retention loans to provide eight weeks of payroll and certain overhead to keep workers employed,” said Secretary Mnuchin.

“Treasury and the Small Business Administration expect to have this program up and running by April 3rd so that businesses can go to a participating SBA 7(a) lender, bank, or credit union, apply for a loan, and be approved on the same day. The loans will be forgiven as long as the funds are used to keep employees on the payroll and for certain other expenses.”

“This unprecedented public-private partnership is going to assist small businesses with accessing capital quickly. Our goal is to position lenders as the single point-of-contact for small businesses – the application, loan processing, and disbursement of funds will all be administered at the community level,” said Administrator Carranza.

“Speed is the operative word; applications for the emergency capital can begin as early as this week, with lenders using their own systems and processes to make these loans. We remain committed to supporting our nation’s more than 30 million small businesses and their employees, so that they can continue to be the fuel for our nation’s economic engine.”

The new loan program will help small businesses with their payroll and other business operating expenses. It will provide critical capital to businesses without collateral requirements, personal guarantees, or SBA fees – all with a 100% guarantee from SBA.

All loan payments will be deferred for six months. Most importantly, the SBA will forgive the portion of the loan proceeds that are used to cover the first eight weeks of payroll costs, rent, utilities, and mortgage interest.

The Paycheck Protection Program is specifically designed to help small businesses keep their workforce employed. Visit SBA.gov/Coronavirus for more information on the Paycheck Protection Program.

  • The new loan program will be available retroactive from Feb. 15, 2020, so employers can rehire their recently laid-off employees through June 30, 2020.

Loan Terms & Conditions

  • Eligible businesses: All businesses, including non-profits, Veterans organizations, Tribal concerns, sole proprietorships, self-employed individuals, and independent contractors, with 500 or fewer employees, or no greater than the number of employees set by the SBA as the size standard for certain industries
  • Maximum loan amount up to $10 million
  • Loan forgiveness if proceeds used for payroll costs and other designated business operating expenses in the 8 weeks following the date of loan origination (due to likely high subscription, it is anticipated that not more than 25% of the forgiven amount may be for non-payroll costs)
  • All loans under this program will have the following identical features:
    • Interest rate of 0.5%
    • Maturity of 2 years
    • First payment deferred for six months
    • 100% guarantee by SBA
    • No collateral
    • No personal guarantees
    • No borrower or lender fees payable to SBA

Visit treasury.gov/cares for more information on SBA’s assistance to small businesses.

Get your paperwork together now, contact your local bank and make an appointment. You will need one year of expenses and payroll records. You can apply at your current (FDIC insured) bank. Treasury will use the FDIC system to mitigate lender risk. This means you can receive those funds deposited on the same day you apply.

Steven Mnuchin

@stevenmnuchin1

IRS logo

Economic impact payments: What you need to know | Internal Revenue Service

Check IRS.gov for the latest information: No action needed by most people at this time IR-2020-61, March 30, 2020 WASHINGTON – The Treasury Department and the Internal Revenue Service today announced…

irs.gov

Steven Mnuchin

@stevenmnuchin1

Learn more here: https://home.treasury.gov/news/press-releases/sm962 

Steven Mnuchin

@stevenmnuchin1

Steven Mnuchin

@stevenmnuchin1

Power of the Church denied in the wake of COVID-19


Core beliefs, and thus our First Amendment rights, are being challenged.

A. Dru Kristenev image

Re-Posted from the Canada Free Press By  —— Bio and ArchivesApril 1, 2020

Power of the Church denied in the wake of COVID-19By whom?

The unexpected answer is, “By the Church itself.”

For proof, all one has to do is drive down the road on Sunday morning in the Bible Belt and see how many church parking lots are completely vacant. Why?

The short answer that is going to irritate most Christians is this – fear. But why do the majority of Christians fear the coronavirus? What ever happened to “we walk by faith, not by sight?”

Before Christians get huffy about the foregoing statement that challenges decisions to hunker down in their homes, bear with me and continue reading. This is not meant to be a condemnation of the Church, but to pose a query that deserves reflection by believers.

First, it’s worth the effort to re-examine the statistics coming out of the Center for Disease Control regarding the spread and mortality rate of the COVID-19. These numbers are not posted to be dismissive of the lives that are being lost. There is no way to address these tragic deaths without appearing callous but it is imperative to follow the reports as of the writing of this column, March 31, 2020. CDC lists approximately 164,000 cases in the U.S. with some 3,000 deaths. In order to locate the actual hospitalizations of cases you have to visit each state’s health department website individually but here’s one very pertinent example of government overreach that is changing the face of American Christianity:

Tampa, Florida – The River at Tampa Bay Church held two services Sunday, March 29, 2020 to minister to congregants. Monday, the Hillsborough County Sheriff issued an arrest warrant for Pastor Rodney Howard-Browne for violating a county order against large meetings. The following makes the pastor’s case for invoking First Amendment rights to minister to his flock…

  1. Current COVID-19 case numbers (3/31/2020) in Florida are as follows:
    1. 6338 confirmed
    2. 772 hospitalized
    3. 77 deaths
    4. Total tested: 60,639; Positive – 5,704; Negative – 54,285
    5. Influenza/Pneumonia cases: 3072 deaths (2018 latest statistics. Why nothing for 2019/2020?) indicating that flu and pneumonia are far more fatal than COVID-19.
  2. Current US flu/pneumonia numbers of 67.3% hospitalization and 7.3% death rates for the week of March 5, 2020 confirm that COVID-19 is nowhere near as dangerous, yet government has never issued draconian edicts to prevent flu infection.
  3. 3/31/20 CDC statistics are evidence that COVID-19 infection rates hit their peak March 16, 2020 despite continuing to confirm positive cases. The illness onset chart testifies: 3557 cases 3/16/20. The total mortalities at the same time were far less than the onset cases for that single date, coming in at approximately 3000. The recovery rate exceeds 90% yet the press will not report that information.
  4. The government cannot prove there’s a compelling public interest to close church services based on the meager numbers of infection rates in Florida or anywhere else in the United States.

This sparks pertinent questions that must be asked of our churches.

Has the Church finally handed over all authority to government by disallowing believers the right to gather for worship, which is ordained scripturally? Those who have been reading my columns for years will know that the first step to abdicating authority to government comes by incorporating to receive a 501(c)(3) letter from the IRSgranting non-profit status and implying it can be revoked.

As Christians, what do you say when asked what is the most powerful entity on earth? Answer: the Church, meaning the whole of believers who understand that Jesus’ sacrifice, death and resurrection offers believers more than eternal Life. It delivers His power to the faith-filled. Matthew 6:9-13, Matthew 18:18-20, Romans 4, Hebrews 11.

Do Christians really believe in the power of God’s Word that protects them from all forms of enemy including pestilence? Psalm 91, Psalm 103:3, Isaiah 53:4-5, 1 Peter 2:24, etc. Or do they fear gathering to study, worship and pray thinking it will allow disease to spread rather than bind it?

Should churches lock-out members from regular services and is this practice, being enforced by some government agencies, meant to weaken the Church by isolating worshippers and impeding one of the vital aspects of assembling and most powerful expressions of faith – corporate prayer?

Taking just the mentioned passages into consideration, how important is it to come together as the Word exhorts believers to do – to meet regularly for edification, worship, prayer and support?

Scripture calls for the elders to anoint with oil and pray for those who request it to assist their healing. James 5:14. The church appears to be attending to governmental agencies’ decrees that override implicit passages of the Bible that promote healing, not disease and infection. Jesus’ said “…upon this rock I will build my church; and the gates of hell shall not prevail against it.” Matthew 16:17-18. The question must be asked of believers if the coronavirus is stronger than the “gates of hell” over which the Church triumphs. Further, Isaiah 54:17 states that “No weapon that is formed against thee shall prosper…”

Are believers, in effect, denying the credence of God’s Word in favor of government guidelines? Obviously, where there is doubt and/or fear, it’s best to follow worldly wisdom. And much of the church is acting according to that doubt, what Christ called unbelief.

In the end, walking completely by faith isn’t as simple as it looks. The situation requires each person and each congregation to consider their teaching about healing and protection from disease. That will be the deciding factor as to whether a church welcomes congregants to gather under one roof during this fear-ridden time or if it is prudent to rely on social media to keep social distances in check. Perhaps some pastors will encourage meetings of a dozen in individual homes “where two or three are gathered together in my name.”

Core beliefs, and thus our First Amendment rights, are being challenged.

It comes down to fear or faith. 2 Timothy 1:7 “For God hath not given us the spirit of fear; but of power, and of love, and of a sound mind.”

What says the Church?

(Although this column may appear to, it does not question the considered response of individuals suffering from compromised immune systems to self-quarantine just as they would probably do during a virulent flu season. Though they may wish to think about inviting elders in to pray for them.)


Scare Mongering Predicted Coronavirus Deaths with a Vague Mitigation Graph


It’s surely an irony that When President Trump turned to health experts to advise him how to grapple with the spread of COVID-19, he ended up with two Obama holdovers

Judi McLeod image

Re-Posted from the Canada Free Press By  —— Bio and ArchivesApril 1, 2020

Scare Mongering Predicted Coronavirus Deaths with a Vague Mitigation GraphThe most terrifying thing about the ubiquitous Mitigation Graph The White House Coronavirus Task Force is counting on to keep the American virus death rate at 100,000 to 200,000 or less rather than 2.2 million, is that power-crazed Democrats are counting on any number of deaths to blame on President Donald Trump to impeach him.

Ominous indeed that Doctors Deborah Birx and Anthony Fauci—the two top stars of the Coronavirus Task Force—are Barack Obama holdovers.

When Birx threw her annual Christmas Party at her Northwest Washington house on Dec. 20, 1919, her current job as the White House coronavirus coordinator didn’t yet exist.

“She was only the United States global AIDS coordinator, in charge of the American fight to try to end HIV.” (Washington Post, Mar. 26, 2020)

Birx’s husband, is former Clinton advance man Paige Reffe.

According to WaPo, it was on Feb. 27, 2020 when Birx left a marathon meeting in Johannesburg of the President’s Emergency Plan for AIDS Relief, or PEPFAR, the massive global program she’s run for the past six years:

“Flying economy class, as she always does to save money for PEPFAR, she returned to Washington to take on the position of coronavirus response coordinator at the White House.(WaPo)

“After years of looming large in the relatively insular world of international AIDS work, Birx is now on the global stage in an unprecedented way — joining the White House for its daily briefings, urging millennials to take precautions, explaining what she has figured out about different respirator masks. Each time she takes the stage alongside President Trump, she’s alternately pilloried and praised on social media for hanging tough through his freewheeling, fact-flouting remarks.”

A physician and a trained immunologist who has run vaccine trials, Birx’s august title is global AIDS ambassador.

“During her immunology fellowship at the National Institutes of Health in the early 1980s, she met Anthony Fauci, now the head of the National Institute of Allergy and Infectious Diseases and the other star physician on the podium during the White House’s briefings on the outbreak. (WaPo)

“In 1996, lifesaving medications called antiretrovirals changed the face of HIV in the United States. At the time, ARVs were still deemed, by the United States and other wealthy nations, too expensive and too complex to deliver in low-income countries, particularly in eastern and southern Africa, areas that were and are home to the majority of the global population of people living with HIV. That changed in 2003, when George W. Bush surprised all but a handful of insiders by announcing PEPFAR, the largest disease-specific foreign-aid program in American history.

“Since 2014, Birx has been running the entire program, making her one of two Obama-era appointees to retain their position, as several stories have noted in recent weeks.

“In February, a report from the State Department’s Office of the Inspector General reviewed PEPFAR’s management processes and found that the majority of field staff didn’t feel they had much of a say in their annual plans. “In the last 2 years, there has been no negotiation [by headquarters] with the country [team working on PEPFAR],” one interviewee told the inspectors, adding that the office of the global AIDS coordinator “has set the targets using … estimates. It is ‘take it or leave it.’ ”

“Other employees said PEPFAR management was “dictatorial,” “directive” and “autocratic”.”

“This is going to be a very, very painful two weeks,” President Donald Trump told reporters of days to come at last night’s presser. (Daily Signal, March 31, 2020)

“Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, had mentioned before the possibility of more than 100,000 deaths from COVID-19, the disease caused by the new coronavirus.

“But the number now is the government’s formal projections.

“The computer models suggest the number of deaths will peak over the next two weeks, then begin to slowly decline. But deaths will continue into June.

“I want every American to be prepared for the hard days that lie ahead,” Trump said, adding:

“We’re going to go through a very tough two weeks. And then hopefully, as the experts are predicting, as I think a lot of us are predicting, after having studied it so hard, you’re going to start seeing some real light at the end of the tunnel. But, this is going to be a very, very painful two weeks.

“They’re shocking numbers,” the president later said. “Even at the low end, they’re shocking.”

“The president noted models showing that if officials took no mitigation actions, COVID-19 would have killed 2.2 million Americans.”

 

Months before Birx became coronavirus response coordinator at the White House, President Trump in the wrap-up of his rallies said:

“We will achieve new breakthroughs in science and medicine, finding new cures for childhood cancer and ending the AIDS epidemic in America in less than 10 years, we’ve already started. It should have been started in the last administration. Incredible, it should have been started earlier, but we started—in less than 10 years, the AIDS epidemic will be eradicated, will be gone.”

It’s surely an irony that When President Trump turned to health experts to advise him how to grapple with the spread of COVID-19, he ended up with two Obama holdovers.

Meanwhile, the nation and watching world must depend on a vague Mitigation Graph touted by a global AIDS ambassador, whose attitude is a “take it or leave it” one.

Prayer never more urgently needed.


Something Is Not Right


Ray DiLorenzo image

Re-Posted from the Canada Free Press By  —— Bio and ArchivesApril 1, 2020

42nd Street, New York City at mid-day - Getty Images“Your mind picks up signals very fast when something is not right…you don’t always have to figure it out completely, you just know.”—unknown author

Something is not right. Too many things do not add up.

Both Covid-19 and the influenza virus are contagious viruses that cause respiratory illness. The flu in America, so far this season, according to the CDC, has caused about 46 million illnesses, 550,000 hospitalizations and about 41,000 deaths. And yet, we have almost completely shut down our economy to the point of approaching collapse because of a comparatively small fraction of Covid-19 cases caused by another virus from China. Instead of preaching good nutrition, a healthy immune system, supplementing with extra vitamins A, C, and D, our political establishment is pushing for lock downs, face masks, and pressuring our president into creating fear and panic. Why?

“Brand-new generation of biowarfare weapons we haven’t seen before in the history of biological warfare”

Covid-19 is a new virus. Dr. Francis Boyle, who drafted the Biological Weapons Anti Terrorism Act of 1989 which was unanimously approved by Congress, suggests that this is a “brand-new generation of biowarfare weapons we haven’t seen before in the history of biological warfare. It literally travels through air at least 6 or 7 feet, including from human feces [think California’s homeless population].

In January of this year, the chemistry department chair of Harvard, Charles Lieber, and two researchers were arrested and charged with being biowarfare agents for China. Mr Lieber accepted over $1m from the Chinese government. One of the researchers, Yanqing Ye, falsely identified herself as a student, when, in reality she was in the Chinese army. The other researcher was arrested at Boston Logan Airport with 21 vials of deadly biological samples, attempting to smuggle the viruses to China.

China does have an advanced chemical and biological warfare program. They have the weapons. Two of their biowarfare labs are in Wuhan. The virus did leave the laboratory whether by accident or intent. It infected tens of thousands of Chinese, killing several thousand. As of March 23, about 3,500 people, if you can believe anything coming from China. The first case of Covid-19 was on the 17th of November, and was in Wuhan…they said nothing, allowing the virus to spread globally. We, early on, offered them help, they wanted none.

That is their cover. Thousands of Chinese have died. Business and travel is at a standstill. The Chinese Communists wouldn’t possibly kill thousands of their own people and damage their economy just to spread a disease that could kill millions of people around the world, especially in the West, would they? Well, why not? They murdered between 40 – 80 million of fellow Chinese to build their communist utopia. With a little luck they can destroy the nations of the West and their greatest economic and military adversary…and provide cover to get away with it.

Communist China wants to be the dominant economic, cultural, and military power in the world

Communist China wants to be the dominant economic, cultural, and military power in the world. Their goal is to unseat the United States and relegate our country, our culture, and our values to the trash heap of history, They are no longer satisfied with a piece of the pie, they want to own the pie. They are working tirelessly to be a power bloc unprecedented in the history of mankind. To that end, nothing else is sacred.

China’s Belt and Road Initiative, announced in 2013 is a massive international infrastructure building program, linking itself to more than 100 countries, that Beijing says is aimed at promoting global trade and economic growth. In reality, it is to expand their political influence and military presence. How better to militarily overwhelm any nation in the program than to utilize the railroad, highway, and airport infrastructure they built?

The biggest impediment to their goal is the United States under Donald Trump.

President Trump has leaned on them pretty hard these last few years and the Chinese communists don’t like it.

To make this story even more strange, Wuhan City is the home of the first 5G network ‘Smart City.’ Over 180 scientists have complained that a 5G network has significant health risks. They contend that this new network generates radio frequency radiation that can damage DNA leading to cancer, premature aging, disruption of cell metabolism, and potentially other diseases through the generation of stress proteins.

Global moratorium of the 5G roll out until the health risks can be investigated

The launch of 5G, the scientists say, will be akin to building a global microwave oven, opening its doors and leaving it on. To date, there have been very few new cases of the virus in China and South Korea with an unconfirmed report that the 5G network has been shut down in both countries. These scientists have formally requested a global moratorium of the 5G roll out until the health risks can be investigated. To our knowledge, no investigation has occurred before or since.

To further add to this tale is either a stroke of luck or a nefarious back-story depending on whose side you’re on. Just at the right moment when Durham is probably about to announce indictments of scores of swamp creatures for treason and corruption, a world-wide pandemic occurs. Not the least of which is Joe Biden who has all but disappeared as of late.

When China, Russia, and Iran strongly deny any involvement in biological warfare, and accuse the U.S. of spreading the coronavirus, it tells me they doth protest too much.

I have learned after many years of watching politicians that when they brand their adversaries with odious activity, in many cases it is because they themselves are engaged in it and are busy providing cover for themselves.

Whether by intent or accident, did the Communist Chinese spread a virus around the globe to manipulate the economies of the United States and its allies? Did they hope to damage these nations and prevent Trump from being reelected, and used Chinese deaths as a cover? Could it be that China was attempting to quell the rioting in Wuhan? This is a story not well told in the West. Wuhan was in the middle of protests rivaling Hong Kong against rising prices, a disintegrating environment, and non-existent medical standards.

 

Chinese communists’ corporate thievery, unfair trading practices, objective of world domination

The Chinese communists could very well have had enough of Trump’s messing with their corporate thievery, their unfair trading practices and their objective of world domination.

Racist alert! Most of the world’s biggest epidemics come from China. At the same time, there is so much political correctness going around that we could all die of some [Chinese] virus without ever knowing why, lest we are all called racists, to many worse than death.

At the same time, the Left seems to not be allowing this crisis to go to waste. What a wonderful opportunity to terrorize the public, trash the stock market and our economy to the tipping point, predict a second possible Covid-19 wave, shun dissent of vaccines, add $400M to the stimulus for mail-in voting to create a voter fraud heaven, and push hard for more government control of everything and maybe, just maybe, get rid of President Trump.

If there is anything you can take away from what is going on, it’s this: I don’t believe we are being told everything. Until we know, we could just as easily die from the cure, as from the disease.

Something is not right.

Coronavirus & Next Great Depression $9.95


Is Commercial Real Estate in Trouble?


COMMENT: Dear Marty,
I am located in the intermountain west where many national tech companies are re-locating. We are referred to as “Silicon Slopes” of the west. Since Covid-19 came to light and we have essentially a “stay at home” and work policy here in Utah, all the new beautiful office buildings packed with tech companies are now empty. I was joking with some of my co-workers that when the dust settles many of these companies may realize that they were nearly as efficient/ productive without having their employees all in the same room. I believe that the fallout to commercial real estate may be an unintended by-product that will come from all of this. In speaking with a couple of different business owners, their leases come up for renewal in August and both have already said they don’t need the space anymore. I just find it interesting that this virus is the gift that keeps on giving with so many unintended casualties. Thanks for keeping it real.
Sincerely,
SB

REPLY: Yes, commercial real estate is crashing. This may be an area of unexpected consequences. If they keep raising taxes on businesses, they will simply convert employees to contracted independents. That will eliminate the employer matching taxes. These people have not realized the damage they have done to the economy. This is not going to be back to normal. Many small businesses that were finding it hard to compete with online businesses will not reopen.

We do see a sharp spike low during the 2nd quarter 2020. That has been our target for an initial low since our forecast back in 2015. We will be looking at updating our real estate forecasts given the recent events.

China & the Allegations of Cover-up


QUESTION: Hi Martin. I agree that the response to the coronavirus is agenda driven in the US and Europe. I lost my friend to the virus yesterday, but I still recognize that the death rate, especially in the US, is not statistically significant and destroying the economy is not warranted. I am curious though, about what drove the Chinese to take aggressive moves to contain the virus. What spooked the Chinese government? Why were they willing to let their economy take a big hit?

AG

ANSWER: First, I am sorry for your friend. My mother died at 99. Every flu season was a worry for that is often how many elderly dies. This is no different and it is why the death toll in Italy is so high when they have the oldest population.

Generally, China took a lot of heat for acting slow on SARS. Now we have US intelligence putting out reports that the Chinese understated the people infected. It is entirely probable that they did not know the extent of the outbreak. We had booked a hotel for our Shanghai World Economic Conference. It would have been a $100,000+ cancellation fee but they canceled. There is no question they took an economic hit. However, they probably overreacted just as the Ferguson model was based on those early numbers which would have been a higher death rate. However, here is the CDC breakdown on the flu. Reports from many have very minor symptoms. They may not even have known that they had the virus.

It is possible that there was the first wave during the flu season of 2018-2019 and this wave is actually the Second. This seems to be highly probable for there was clearly advance warning where I know people were told to get out of everything in January. Some have suggested this was manufactured. It was not a biological weapon for as I have stated plenty of times, that would have a kill ratio of 60+. Then there were the claims it was laced with AIDS. This is why I am cautious and prefer to get things verified rather than spinning wild tales because that is something I want to hear or to enhance some position in the market.

Clients have expected restraint from me and the real facts. There is far too much danger in spouting out while conspiracy theories that never prove to be valid.

There is no question this has been hyped so much by the press and it has become a political issue being used for the 2020 election and to federalize Europe. The truth does not lie in these headlines. The world is being manipulated right now for the gain of special interests.