Pittsburgh Area Residents Queue Two Miles for Drive Through Food Bank Distribution….


As more essential service outlets start to become overwhelmed at the stress upon their food delivery operations; and with more food store employees necessarily absent due to the coronavirus spread; regionally, the food supply chain will becoming more dependent on food bank distribution.

If the virus spread continues at current pace, some regional supermarkets with multiple locations will likely begin targeted shut-downs by retreating and disbursing available healthy (non-infected) employees on a store-by-store basis.  The potential for this issue is most likely to first originate within urban communities; and then outflow.

This reality is starting to become more evident in localized communities, and a distribution center in the greater Pittsburgh, Pennsylvania, area gives a great example of what could become increasingly common across the nation.

Approximately 1,500 cars line up to receive essential food products from the Greater Pittsburgh Community Center.  The capacity was anticipated around 1,700 at the beginning of the three hour event. 1,500 cars were in line before it began.  [Video Story]

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Depending on your location, and depending on your potential risk exposure to these types of impacts, it would be suggested to prepare yourself and your family accordingly.

This phase, the phase everyone is hoping to avoid, is not a total supply issue; there is no shortage of food products.  The issue becomes one of local distribution where diminished workforce capacity begins to have an impact on the local provider.

Federal Judge Rules Killing Babies is an “Essential Service”…


Strange times we live in

Earlier today in Tampa, Florida, the county sheriff let the criminal inmates out of his jail, and then went to arrest a pastor for delivering Sunday church services and put him in the same jail.

Now a federal judge rules that getting a hip replacement should be delayed to help offset medical supply needs; but killing babies is an “essential service” that needs to continue.

TEXAS – […] Texas Attorney General Ken Paxton announced last week that abortion providers were covered by a state order that required postponement of non-urgent medical procedures to preserve hospital beds and equipment during the pandemic.

U.S. District Judge Lee Yeakel in Austin ruled that Paxton’s action “prevents Texas women from exercising what the Supreme Court has declared is their fundamental constitutional right to terminate a pregnancy before a fetus is viable.” (read)

Tampa Bay Sheriff Arrests Christian Pastor For Providing “Non-Essential” Church Services…


“[Government] shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.”  (First Amendment – U.S. Constitution)

Setting aside my profound disdain for this action… In the short-term there will likely be those who genuinely believe this is legally defensible as a result of a public health emergency. However, in the long-term two things will happen: (1) over time, and up to the possibility of SCOTUS intervention, the pastor will win any legal case against him; and (2) hopefully people will realize quickly the term “essential service” is arbitrary.

Inside the definition of two words “essential services” (which is different from area to area) is all that remains of your liberty.  The first amendment of the constitution applies equally for all persons in all areas; the definition of “essential services” does not.  That’s the legal issue that will see this pastor win, if he chooses to fight.  Faith, the ability to worship, is easily argued as the preeminent ‘essential service’ to the individual and church.

FLORIDA – A Hillsborough County pastor was arrested Monday after he intentionally and repeatedly violated orders that no gatherings of 10 or more people he held in order to stop of the spread of COVID-19 by holding services at his megachurch, Hillsborough County Sheriff Chad Chronister announced Monday afternoon.

The sheriff’s office received an anonymous tip on Friday that Pastor Rodney Howard-Browne, the pastor of the megachurch River at Tampa Bay Church in Riverview, refused to stop holding mass gatherings and instead was encouraging people to come to services.

[…] “His reckless disregard for human life put hundreds of people in his congregation at risk and thousands of residents who may interact with them in danger,” Chronister said.

The warrant charges the pastor with unlawful assembly and violation of public safety rules, both misdemeanors, according to Chronister.

Howard-Browne was booked into the local jail in Hernando County where he lives on Monday afternoon, and released 38 minutes later after posting bonds totaling $500. (more)

Let us be clear, the government can request, suggest and recommend that faith-based assemblies suspend their services; and in many cases those churches and religious groups may indeed choose to suspend their services. However, under no circumstance, including: war, famine or virus pandemics that could leave only a hand-full of people alive, can the government force the suspension; or punish those who refuse to comply.

Religious worship, including the assembly therein, is enshrined within the first amendment as it carries the first and ultimate essential service. There is absolutely no situation where that right can be removed.

It is often the case where people rush into reactions without thinking through the profound consequences.   Why do you think ‘freedom of religion‘, and ‘the right to peaceably assemble‘ is the first amendment?  The FIRST amendment.  It is specifically the first amendment so that government cannot define arbitrary reasons, any reasons, to limit that constitutional right.

The ability/right to go to a grocery store crowded with people is not more essential than the ability/right to practice your faith. Accept the removal of the primary right of U.S. citizens and there is no longer a country for coronavirus to infect.

This is not a slippery slope; this is akin to voluntarily jumping directly into the abyss….

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. [Video Added]

Fox News Livestream Link – RSBN Livestream Link – CBS News Livestream Link

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Virginia Governor Issues Statewide Stay Home Order Until June 10th…


An executive order [Full pdf Here] from Virginia Governor Ralph Northam requires all residents of Virginia to remain in lock-down until June 10, 2020.  Virginia is essentially shut down for three months…. But don’t forget to pay your taxes comrades.

RICHMOND—Governor Ralph Northam today issued a statewide Stay at Home order to protect the health and safety of Virginians and mitigate the spread of the novel coronavirus, or COVID-19. The executive order takes effect immediately and will remain in place until June 10, 2020, unless amended or rescinded by a further executive order.

The order directs all Virginians to stay home except in extremely limited circumstances. Individuals may leave their residence for allowable travel, including to seek medical attention, work, care for family or household members, obtain goods and services like groceries, prescriptions, and others as outlined in Executive Order Fifty-Three, and engage in outdoor activity with strict social distancing requirements.

The executive order also directs all Virginia institutions of higher education to stop in-person classes and instruction. Private campgrounds must close for short-term stays, and beaches will be closed statewide except for fishing and exercise. (read more)

 

Secretary Mnuchin Explains the Details for Small Business Financial Relief…


Treasury Secretary Steven Mnuchin explains some of details about how the CAREs Act provides financial relief for small businesses (0 to 500 employees). Mnuchin explains how the primary part of the relief bill will support approximately 50% of those impacted.

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The Treasury Department has stood up a system inside the Small Business Administration that cuts through much of the bureaucracy. By using FDIC lenders (local banks) as the point of contact for small businesses and S-corps Treasury can backstop the process.

The local business (or S-corp) takes their payroll and yearly expense documents to their local bank where they already have a relationship. As long as the bank is in the FDIC network; and because the emergency funds are distributed based on a good faith relationship; the bank gives the business or individual immediate access to funds (8 weeks of payroll and 25% of all operating expenses); the bank deposits in the business account. The FDIC guarantees the lender against any risk.

If the business does not continue payroll for the employees, the funds are considered a loan that must be repaid. However, if the business retains their employees (continues to keep current payroll); or -if needed- rehires any recent lay-offs using the funds provided; then the emergency loan becomes a grant the business will not have to repay. The system should be in place by this Friday.

The process is smart and can benefit the majority of Americans. What Trump/Mnuchin has put into place is an incentive, a no cost way, for employers to continue paying their employees instead of the employees using unemployment compensation.

Companies with 0 to 500 employees can access the Treasury funds through their local bank or credit union (FDIC Lender). As long as the company retains their employees, meaning continues to pay them, the loans do not have to be repaid.

This means small business employees get: (1) paid by their employer through July; and additionally, (2) those same employees are getting the coronavirus relief checks from the direct government assistance package [$1,200 per individual ($75k income) /$2,400 per couple ($150k income) plus $500 per child]. This should mitigate a great deal of financial hardship on U.S. workers.

Using the existing FDIC network to backstop and eliminate lender risk was a smart move and will speed up the process.

Pelosi Fiddles While Americans Die!


Nancy Pelosi attacked President Trump in the middle of a pandemic affecting the nation.

She claimed  “As the President fiddles, people are dying..”

Oh how she projects!

Who delayed the stimulus relief bill for almost a week?

Pelosi.

Who packed the first version of the bill with Christmas wish list of radical progressive goodies?

Pelosi.

Who has looked for every chance to weaponize the COVID-19 crisis for maximum damage to President Trump?

Pelosi.

For her to claim the President is “fiddling” while Americans die is beyond disgusting.

A new low for the Speaker of the house.

Even sometime Trump ally, Lindsey Graham had enough.

“What she said, she’s blaming the president for people dying because of the way he’s led the country. That’s the most shameful disgusting statement by any politician in modern history. Let me tell you we’ve seen the best of America from our citizens helping each other, delivering groceries, having special shopping hours for senior citizens. She’s the first politician to blame another politician for people dying.”

Nancy has even “hinted” at opening yet ANOTHER investigation into President Trump for his handling of the COVID-19 crisis.

That’s what Americans want? The latest poll shows 60% of Americans approve of Trump’s handling of the pandemic.

Pelosi is out of touch and only cares about power.

She is unfit to be speaker of the house.

Where was Pelosi when the coronavirus was raging in China in January?

Up to her botoxed elbows in the impeachment hearings.

Do you think Pelosi is exploiting the COVID-19 crisis for political gain?

Let us know!

Hang in there and stay safe Patriots- 

3 days..3 nights..Eagle eyes! 

Tina

Italy To Put up All Government Buildings as Collateral for Loans?


Europe is the epic center of our economic doom. Their socialistic polices have been following Marx since Word War II. They have used the Quantity Theory of Money and took interest rates negative in 2014 and have been unable to stimulate their economies because they tax the “rich” which has done nothing but impoverish the people as small businesses fail to form. Whatever they could have done to destroy their economy, they have done right in cue and with such zeal.

With Keynesian Economics utterly destroyed, the ECB is promoting Coronabonds because they have nothing left to try except canceling the paper currency. Italy is stepping out and has seen the light that the austerity policy which has been imposed upon them has devastated their economy. The conversion of national debts to the Euro only doubled their real outstanding debt and the politicians lacked any understanding of the economic real-world to realize what they have done.

Italy is now looking at providing government real estate as guarantees to secure billions in loans. These include the building of the House of Representatives and the seat of the premier. This illustrates that there is a crisis in debt – people are no longer willing to buy government bonds at absurdly low rates when credit risk is rising exponentially. What is left? Not much to support a European economy destined to be the greatest economic failure since the fall of Communism. What is next for sale? Perhaps all the art in the national museums?

Is Trump Nationalizing the Fed?


Here we go with the same old hypothesis over the Quantity Theory of Money that Trump is (1) nationalizing the Fed, (2) the Fed’s actions are worse than the virus, and (3) Forbes proclaims that the Trump & the Fed are destroying the dollar. It is really fascinating how these propositions running around are not only foolish, but the classic myopic view that the world begins at the California shoreline in the Pacific and ends on the beaches of Virginia at the Atlantic. Oh yes, there is Canada to the North and Mexico to the South. But who pays much attention to them anyhow. Canadians just come to America for holidays and Americans go to Mexico for a holiday and to eat Tacos.

The Washington Post showed not only its profound bias against Trump, but also its total ignorance of financial history and the Federal Reserve. They reported:

The economic debate of the day centers on whether the cure of an economic shutdown is worse than the disease of the virus.  Similarly, we need to ask if the cure of the Federal Reserve getting so deeply into corporate bonds, asset-backed securities, commercial paper, and exchange-traded funds is worse than the disease seizing financial markets. It may be.

If the Washington Post ever bothered to do actual research instead of just promoting their personal political agenda, they might discover that the original design and purpose of the Federal Reserve was to support the economy directly. They were to buy corporate paper to PREVENT companies who could not borrow when banks were hoarding cash from laying off their employees. It was Congress that usurped the Fed for World War I and directed them to buy government paper EXCLUSIVELY. Congress effectively nationalized the Fed a long time ago transforming it into a quasi-government agency. That much the Washington Post is using to blame Trump.

The Washington Post’s slogan is Democracy Dies in Darkness. So, why are they constantly only pushing their political agenda? Are they not keeping the people in the dark?

They have conveniently forgotten that there was TARP where the government poured a trillion into banks who never lent out the money because they had no confidence in the future. They then turned and pleaded with the Fed to create the Excess Reserve facility. So, TARP only bailed out the banks but not the economy – hence no inflation. Already, Excess Reserves are rising again showing that banks are once more NOT lending but hoarding. Banks will ALWAYS act in their own self-interest. They are not there to support the economy.

This is the first time the Fed is returning to its original design – direct lending to the economy skipping the banks. The Washington Post is clueless because they look at everything as a way to bash Trump and hurt the country just for their personal political view.

Then we had Forbes Magazine which is trapped by the Quantity Theory of Money and like a fool who keeps sticking their finger in an electric socket and expecting a different result, keep declaring that increasing the supply of money will destroy the dollar. They even can’t figure out why the Euro rallied and of course just blamed Trump. Instead, they talk to biased crypto people who proclaim the Fed balance sheet will rise to $10 trillion and this results in the headline:

Donald Trump And The Fed Are Destroying The U.S. Dollar

They had the audacity to claim the rally in the dollar was ONLY short covering. These people are biased and have no idea of what is happening outside the United States. It very plain, Trump is NOTnationalizing the Fed. The Fed was a steady process of nationalizing it since World War I. For the FIRST time the Fed is departing from Keynesian Economics because it knows that won’t work. Europe needs this crisis because it has no power to deal with the economy when the central bank is trapped in negative interest rates. The ECB is now pushing CoronaBonds, because it cannot continue to support the European member states. Netherlands and Germany are opposed to the idea. The only way to break the backs of Netherlands and Germany is to propel this crisis as the justification to federalize Europe.

The Euro has rallied BECAUSE capital is being taken home to cover losses everywhere. These people are obviously ignorant of what a LIQUIDITY CRISIS is all about. At the WEC in October, we warned we were entering a Liquidity Crisis stemming from the rise in Country Party Risk and this would be a different crisis all together because we faced a Bond Bubble. What is unfolding should be no surprise. The markets have been showing this would be the outcome since the Repo Crisis began September 17th, 2019. They have also no clue what big money does on a quarterly basis. I suppose this gives new meaning to the saying: Ignorance is Bliss!

FDIC Asking People Not to Panic for Cash!


Obviously, they would not do this if there was not also a panic for cash.