Stocks haven't been able to move productively past recent highs, though the NASDAQ seems to know no bounds. It was up on Monday as the other indices were lower. As the coronavirus hoax continues to spread, according to the fake TV media, many states have imposed or re-imposed lockdowns, stay-at-home orders and other restrictions on movement, congregation and commerce that have the public at-large angry and anxious.
No place is more restrictive than California, where 52 of 58 counties - 99.2% of the state's population - is under the strictest lockdown orders from Governor Newsom, but residents are protesting and some law enforcement agencies are ignoring the orders, choosing not to enforce them. The entire state is being thrown into chaos, more by the restrictions on the population than by the virus. Meanwhile, the state's economy has crumbled, as the rest of the United States is about to collapse along with its most populous state.
The mainstream media continues to harp on breathlessly about the spread of this CV-19 virus that generally only affects people over the age of 60 with other pre-existing medical conditions, but that hasn't stopped them from reiterating the need to lock down certain businesses, wear masks and stay away from each other (social distancing). No economy can exist for long with businesses shut down, doors closed, people out of work, schools closed, and governors acting more like tin-pot dictators than public servants.
In Washington, DC, Democrats and Republicans are desperately trying to piece together a stop-gap spending bill to prevent a government shutdown, just in time for Christmas, right in the middle of a pandemic (Managed to jam two of the media's favorite cliches into one sentence, bravo!).
The current strategy by the assembled morons on Capitol Hill is for a one-week spending bill by Friday, December 11. That would keep the federal government operating until the following Friday, December 18. Nobody should be surprised by the ineptness and dramatic flourish of the elected class. Congress mismanages everything they get their hands on, which is just about everything that matters in public and private lives.
While the House and Senate try to figure out how much money they'll need to get through a week of doing little to nothing of any good, they're also "negotiating" on a COVID relief bill that's been delayed since July. The current $908 billion proposal would provide roughly $300 in extra federal weekly unemployment benefits but not another round of $1,200 stimulus checks. A framework for that package, including $160 billion for state and local governments, was rolled out last week, and legislative text was expected early this week. Prospects for passage are good, but that's a line the American people have heard all too many times.
Without a provision for aid to individuals generally, the relief bill may be dead on arrival. Besides, President Trump has long been opposed to bailing out cities and states, which is a major focus of this bill. He may decide to veto it, along with an expected veto on the proposed National Defense Authorization Act (NDAA).
The House is set to vote on the defense bill Tuesday, and the Senate will likely vote Thursday. The bill has bipartisan support. Legislators are hoping to produce a two-thirds majority on the bill, which would be enough to override a presidential veto. President Trump had threatened to veto the NDAA if it contained a provision to rename military bases and facilities that honor Confederate leaders. The current agreement does.
More recently, Trump said the bill would need to include a repeal Big Tech's Section 230 liability protections. The compromise does not. The administration is on a collision course with the congress over this and other issues.
Elsewhere, the Bank for International Settlements (BIS) was out Monday with a warning that the ongoing global financial crisis is moving from a liquidity stage to a solvency stage, wherein more companies would seek bankruptcy protections and smaller firms would be completely wiped out.
Adding to the noise and confusion is a report on a conference call between G7 finance ministers focused on their growing concerns over the regulation of alternative currencies like Bitcoin and Facebook's recently-renamed Diem stablecoin (formerly "Libra").
Germany’s Finance Minister, Olaf Scholz, noted that regulators “must do everything possible” to make sure the currency monopoly remains in the “hands of states.”
As if that wasn't enough to roil markets, evidence of massive fraud occurring in the 2020 election continues to grow.
Is the hammer about to drop on the election "riggers?"
Pay attention to the wording of Executive Order 13848 (see link below), which specifically says the Director of National Intelligence (DNI), which is John Ratcliffe, must deliver a report to the president no later than 45 days after election day. That date would be December 17. Just days ago (December 3), the president was asked if he had confiidence in Attorney General William Barr, to which he answered, "“Ask me that in a number of weeks from now," again indicating that investigations and lawsuits are continuing.
Epoch Times: Director of National Intelligence: Election ‘Issues’ Need to Be Resolved Before Winner Declared
Did President Trump 'Go Nuclear' in 46-Minute Video?
Related: Executive Order 13848
Infowars: Deep State Threat? Gov. Kemp Daughter’s Boyfriend Killed In Fiery, Explosive Wreck
Georgia Video: Ruby Freeman says she needs a lawyer
hereistheevidence.com - Crowdsourcing tool for aggregating publicly available items of evidence that would be admissible in court.
Newsmax: Rudy Guiliani says Georgia, Michigan, Arizona could change electoral college voters
More
Running compendium of fraud charges in 2020 Election - realclearinvestigations.com
Coverage of election irregularities and challenges - Epoch Times
2020 Election Litigation Tracker - SCOTUSblog, Election Law at Ohio State
A Guide to 2020 Election Laws and Lawsuits - ProPublica
At the Close, Monday, December 7, 2020:
Dow: 30,069.79, -148.47 (-0.49%)
NASDAQ: 12,519.95, +55.71 (+0.45%)
S&P 500: 3,691.96, -7.16 (-0.19%)
NYSE: 14,354.97, -62.36 (-0.43%)
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