Just about everything being shoved down the throats of Americans (and, we can safely assume, the rest of the world) about the coronavirus by the mainstream media (MSM) is either questionable, being drawn into question, refuted, or outright bunk. Examples will be given in this installment of the WEEKEND WRAP.
The United states is approaching one million confirmed cases of the virus, and has already surpassed 50,000 deaths. The actual number of cases of the virus is orders of magnitude higher, as preliminary antibody studies from New York and California have shown.
The California study, undertaken in Santa Clara county, home to San Francisco, shows that "prevalence estimates represent a range between 48,000 and 81,000 people infected in Santa Clara County by early April, 50 to 85-fold more than the number of confirmed cases,” the authors wrote. Published on April 17, the number of confirmed deaths in Santa Clara County was 99, meaning that the true mortality rate is somewhere between 0.12 percent and 0.2 percent, meaning that roughly one or two people in every thousand would die from the virus, a number very close to that of the ordinary seasonal flu.
The same kind of results are shown in New York, where 13.9% of people in New York's first antibody study tested positive, meaning they had the virus and recovered; that means up to 2.7 million people could have been infected statewide and the mortality rate would have been roughly 0.5 percent, not the 4.5 to 6 percent that the media has been touting. There are also widespread reports of the numbers being artificially inflated, throwing in all deaths of people who tested positive for COVID-19, regardless of the underlying cause.
The federal government has been doling out billions of dollars to states via the CARES act which, through Medicaid, pays hospitals $13,000 for COVID-19 patients, upping the bounty to $39,000 if one is put on a ventilator.
As many as 80% of people put on ventilators die, and many doctors are refusing to use them in treatment of severe cases, though hospital administrators - in dire need of funding - continue to push for their use, despite the findings that prove a suspiciously-poor recovery rate.
The ongoing controversy over hydroxychloroquine, in conjunction with zinc and sometimes, arithromycin, which Money Daily has already covered on Thursday, April 24 continues to rage between the truth and the mainstream media's fear angle.
Here's Laura Ingraham with an expert cardiologist explaining why the media shouldn't be running around with their hair on fire over the FDA's warning about hydrochloroquine:
...and then there's the complete nonsense about "flattening the curve" through stay-at-home orders, lockdowns, staying six feet apart that has decimated the global economy.
The effect of the lockdown was to keep the hospitals from being overrun. In the entire United States, few hospitals have been overrun with COVID-19 patients, mostly in New York City, Boston, and a few other hotspots. Most hospitals have treated very few coronavirus sufferers. It wasn't about saving lives because the disease will still spread, albeit at a slower pace. Additionally, the vast majority of people who die from coronavirus are elderly and/or suffering from other maladies (co-morbidities).
According to statistics out of New York City, 95% of the deaths due to coronavirus were from 45-75+ years of age.
Moving on to testing, all that testing is going to do is probably enrich the companies that make the tests and confirm that a lot more people than previously assumed had contracted COVID-19 and are now immune.
Instead of shutting down the entire economy, the rational approach would have been to quarantine seniors and people with pre-existing conditions - primarily diabetes, high blood pressure, heart-related ailments - but that wasn't considered. Instead, we've trashed more than 200 years of capitalism over an infectious disease that's barely more deadly than the seasonal flu. It will rank as one of the greatest blunders (or planned event) in the entire history of the planet.
The conclusion is that all developed nations were in on the coronavirus scam (or, as some are calling it, the plandemic) because the elites already had a plan in place to disrupt national economies, destroy governments, enslave people, and usher in a new world currency while covering up the imminent crash of stock markets and, eventually, all fiat currencies. The entire process will take years - it's been underway for decades - but this was a major part of the overall effort, and it seems to be succeeding.
The main casualties so far:
Nursing homes
Small businesses
Sporting events
Concerts
Cruises
Colleges
Confidence
Winners:
Wall Street
Big Government
Mainstream Media (MSM)
Health Care / Big Pharma
Bah! You've been had, and the after-effects are going to be even worse.
Now, on to the markets, or, what's left of them.
Stocks had an up and down week, but ended down with all but the NASDAQ finishing with losses of just under two percent. The darling NASDAQ was nearly flat, losing just 15 points (-0.18%). This was just the second weekly loss of the last five, since the Fed stepped in last month with massive funding programs.
Despite trillions being thrown at banks and what are now zombie corporations, the major indices are still in bear markets, though they are all resting right about at their 50-day moving averages.
If anything, they seemed to have plateaued for the time being. Another downdraft could be coming, but, with all the Fed currency behind them, shorting this market is strictly for those who can afford massive losses. Being in this market for any reason is simply a fool's errand. Stocks are headed toward a massive crash, which has only been prevented by the Fed. Eventually, fundamentals matter, and many major corporations, since stock buybacks are now frowned upon, have resorted to leveraging up with debt, conveniently purchased by the Federal Reserve and their unlimited currency campaign.
Oil magically rebounded after posting negative numbers upon the maturity of May futures. June futures for WTI crude are resting comfortably at $16.94 a barrel. It's a bonanza for drivers, with prices at the pump the lowest in a generation. Gas hoarding, once people get back on the road, could be a real thing. It's cheap, why not?
Treasury bonds are a graveyard. The curve flattened out to a mere 107 basis points as the long end collapsed. Yield on the 30-year fell to 1.17%, while one-month bills ended the week yielding 0.10%. The 10-year note finished out the week with a yield of 0.60%. Since demand for treasuries is shrinking rapidly, the curve and steepness or flatness of it will hardly matter any more. The Federal Reserve will be buying most, if not all, of the issuance within months as monetization takes flight fully. The disaster in capital funding, like most of the rest of the monetary and fiscal weirdness, has only just begun.
Bonds are screaming that the condition of the economy is one of being on a deathbed with Dr. Fauci overseeing the patient. It's sure to continue a downward spiral, leading to death. Getting people back to work won't alleviate the condition since many small businesses will not reopen. The onrush of bankruptcies and credit defaults are about to accelerate. Many renters - commercial and residential - are planning on not paying their rents come May 1, which is this coming Friday, suggesting that this week may look like a picnic compared to the carnage caused by the realization that a good third of the country is going broke the first full week of May.
Gold and silver made gains on the COMEX, and were little changed, though lower on eBay, where buyers can actually get physical precious metals delivered on a reasonable time basis (1-4 days). Dealers are still placing premiums on both gold and silver, and delivery times remain weeks off with many of the more popular items still out of stock.
Here are this week's figures from sales on eBay:
Item Low High Avg. Median
1 oz silver coin 25.15 31.74 27.57 27.44
1 oz silver bar 23.20 31.16 26.34 25.85
1 oz gold coin 1,819.85 1,962.25 1,884.09 1,880.50
1 oz gold bar 1,849.95 2,002.65 1,901.98 1,893.92
To close out this edition of the WEEKEND WRAP, a final word about the lockdown and states "opening up" as it were: We should not have been in lockdown in the first place. The coronavirus, or COVID-19, is not a killer disease for more than 90% of the population. It now appears, after blowing out all the hyperbole and media spin, that the state-by-state lockdown was pre-planned at the highest levels. It was completely unnecessary, as evidenced by the results out of Sweden, which was one country which chose not to torpedo their economy. The Swedes have experienced the same or fewer cases of infection per capita and fewer deaths than their counterparts. Their example is the one which should have been followed.
Additionally, as part of the plan to bail out Wall Street and next, the states themselves, economic conditions are more likely to continue deteriorating over the near term. Accumulating hard assets is advisable, whereas investing should be regarded as gambling in a rigged casino, unless you are ultra rich and have inside information. Most of us do not.
Go out and hug somebody. COVID-19 is a massive psy-op designed to demoralize and dehumanize. Don't let them win.
At the Close, Friday, April 24, 2020:
Dow: 23,775.27, +259.97 (+1.11%)
NASDAQ: 8,634.52, +139.77 (+1.65%)
S&P 500: 2,836.74, +38.94 (+1.39%)
NYSE: 11,017.90, +101.20 (+0.93%)
For the Week:
Dow: -467.22 (-1.93%)
NASDAQ: -15.62 (-0.18%)
S&P 500: -37.82 (-1.32%)
NYSE: -190.40 (-1.70%)
Showing posts with label scam. Show all posts
Showing posts with label scam. Show all posts
Sunday, April 26, 2020
Tuesday, September 17, 2019
Oil and Gas Price Hikes Are a Central Banker Scam
Reiterating what was posted here Sunday in the Weekend Wrap, a recent article by Lance Roberts at Real Investment Advice, brings home the bacon in detail, of how the bottom 80% of all US workers, i.e., earners, is carrying a high debt burden that today cannot even cover basic necessities.
The consumer squeeze is in focus after the attacks on a Saudi oilfield and the Abqaiq refinery, which, according to most sources, will affect five percent of global oil supply. Somehow, cutting off five percent of global supply magically raises oil prices 15 percent.
Without anybody knowing exactly who is behind the attacks, many fingers are being pointed toward Iran, naturally, since the Iranians are fighting a proxy war with Saudi Arabia in Yemen. MoonofAlabama.com has a solid account with photos of how the attack might have been staged, who was behind it and future implications.
From a central banker's perspective, the attack and subsequent rise in the global price of oil could not be more opportune on a number of fronts. First, in desperate need of inflation, the bankers get the gift of core inflation in both PPI and CPI. Second, the rise in the price of oil, translated to gas at the pump and some home heating fuel, will show up in the convoluted GDP calculations, just in time for the third quarter and also adding a boost to the fourth if high prices persist.
Further down the road, high input prices and consumer prices for oil and gas should put the brakes on the economy eventually, putting a dent in discretionary spending which could spark a recession in 2020, just in time for the November US elections. Sure, higher prices and profits are good for some, for a while, but eventually, high gas prices act effectively as a tax on all consumers.
If you happen to be a central banker, this sounds great, doesn't it?
There are also political and financial aspects to the story. The attacks come right on the heels of President Trump's firing of John Bolton, the infamous neocon whose penchant for war with Iran was no secret. Conspiracy theorists believe this was long-ago planned, but Bolton's removal as National Security Advisor to the president was the trigger.
There's also the upcoming IPO of Saudi Aramco to consider. Initially, following the attack, the Saudis hinted that they would delay their long-awaited IPO, but now, a day beyond, they say they will forge ahead as planned. At issue is valuation. The Saudis believe the company should be worth $2 trillion at IPO, while the consensus among bankers handling the deal have the figure closer to $1.5 trillion. A lasting boost in the price of oil would naturally add to the valuation, bringing it closer to the level desired by the Saudis, who, after all, have control of the flow of oil, but not the price.
With no culprit positively identified, the entire affair looks to be highly organized - from the accuracy of the missiles and/or drones employed in the attack to the coordinated record trading in the oil futures pits - and the work of people or nations with an agenda. While this may appear far fetched to some, the power of the globalist banking cartel is well-known and could be pulling all the strings behind the scenes. It is not outside the realm of possibility that deep state globalists staged the attacks and price surge. It's also possible the the attacks were completely faked, just to get the price of oil higher.
There has been a glut of global oil supply since the US embarked on its fracking and shale output, becoming the world leader a few years ago. Russia is also pumping like mad, as are most of the OPEC nations. The amount of oil on world markets is so large that even small disruptions should not affect price - which has been falling for over a year - very much, but, in this case, it did.
While there isn't much the general population as a whole can do about higher gas prices outside of mass protests (a likelihood in Europe), there are a few actions the average motorist can take.
Most of all, don't buy into the media hype over gas prices, recession or any other narrative (like climate change) that the media water-carriers throw at you.
At the Close, Monday, September 16, 2019:
Dow Jones Industrial Average: 27,076.82, -142.70 (-0.52%)
NASDAQ: 8,156.40, +2.86 (+0.04%)
S&P 500: 2,994.17, -3.79 (-0.13%)
NYSE Composite: 13,107.98, -16.36 (-0.12%)
The consumer squeeze is in focus after the attacks on a Saudi oilfield and the Abqaiq refinery, which, according to most sources, will affect five percent of global oil supply. Somehow, cutting off five percent of global supply magically raises oil prices 15 percent.
Without anybody knowing exactly who is behind the attacks, many fingers are being pointed toward Iran, naturally, since the Iranians are fighting a proxy war with Saudi Arabia in Yemen. MoonofAlabama.com has a solid account with photos of how the attack might have been staged, who was behind it and future implications.
From a central banker's perspective, the attack and subsequent rise in the global price of oil could not be more opportune on a number of fronts. First, in desperate need of inflation, the bankers get the gift of core inflation in both PPI and CPI. Second, the rise in the price of oil, translated to gas at the pump and some home heating fuel, will show up in the convoluted GDP calculations, just in time for the third quarter and also adding a boost to the fourth if high prices persist.
Further down the road, high input prices and consumer prices for oil and gas should put the brakes on the economy eventually, putting a dent in discretionary spending which could spark a recession in 2020, just in time for the November US elections. Sure, higher prices and profits are good for some, for a while, but eventually, high gas prices act effectively as a tax on all consumers.
If you happen to be a central banker, this sounds great, doesn't it?
There are also political and financial aspects to the story. The attacks come right on the heels of President Trump's firing of John Bolton, the infamous neocon whose penchant for war with Iran was no secret. Conspiracy theorists believe this was long-ago planned, but Bolton's removal as National Security Advisor to the president was the trigger.
There's also the upcoming IPO of Saudi Aramco to consider. Initially, following the attack, the Saudis hinted that they would delay their long-awaited IPO, but now, a day beyond, they say they will forge ahead as planned. At issue is valuation. The Saudis believe the company should be worth $2 trillion at IPO, while the consensus among bankers handling the deal have the figure closer to $1.5 trillion. A lasting boost in the price of oil would naturally add to the valuation, bringing it closer to the level desired by the Saudis, who, after all, have control of the flow of oil, but not the price.
With no culprit positively identified, the entire affair looks to be highly organized - from the accuracy of the missiles and/or drones employed in the attack to the coordinated record trading in the oil futures pits - and the work of people or nations with an agenda. While this may appear far fetched to some, the power of the globalist banking cartel is well-known and could be pulling all the strings behind the scenes. It is not outside the realm of possibility that deep state globalists staged the attacks and price surge. It's also possible the the attacks were completely faked, just to get the price of oil higher.
There has been a glut of global oil supply since the US embarked on its fracking and shale output, becoming the world leader a few years ago. Russia is also pumping like mad, as are most of the OPEC nations. The amount of oil on world markets is so large that even small disruptions should not affect price - which has been falling for over a year - very much, but, in this case, it did.
While there isn't much the general population as a whole can do about higher gas prices outside of mass protests (a likelihood in Europe), there are a few actions the average motorist can take.
- Plan driving trips - organize your schedule to include multiple stops, thus reducing the amount of gas used rather than making individual trips for each task
- Seek lower prices - use online resources like GasBuddy.com to find the lowest prices in your area.
- Ride-sharing - organize with neighbors, friends and co-workers to share rides heading in similar directions.
- Drive smarter - slower speeds, properly inflated tires, and good driving habits can significantly reduce your fuel usage.
- Avoid wasted trips - deciding whether or not a trip is an absolute necessity can cut your overall fuel consumption considerably.
Most of all, don't buy into the media hype over gas prices, recession or any other narrative (like climate change) that the media water-carriers throw at you.
At the Close, Monday, September 16, 2019:
Dow Jones Industrial Average: 27,076.82, -142.70 (-0.52%)
NASDAQ: 8,156.40, +2.86 (+0.04%)
S&P 500: 2,994.17, -3.79 (-0.13%)
NYSE Composite: 13,107.98, -16.36 (-0.12%)
Friday, April 3, 2009
Wall Street Smoking Crack
The crack dealers working the area of lower Manhattan must be flush with cash because it appears certain that the brokers, dealers, wheeler-dealers, scam artists, cheats liars, high muckety-muck, junkies, flunkies, lunkheads, losers and lowlives of all stripes are consuming copious amounts of the stuff.
After a multi-week stock market run of between 20 and 25%, depending on your index of choice, a week chock-full of eyebrow-raising economic reports, a failed attempt at worldwide order and financial diplomacy at the G20, and the worst unemployment in 25 years, the masters of the financial universe decided to keep pushing prices higher, despite the aforementioned data and news, and the imminent revelations from corporate quarterly reports beginning next week.
No matter how anyone tries to justify the numbers, a loss of more than 2 million jobs just in the first quarter of this year is not good news. Stocks should have been headed lower, not higher. Watching the indices crawl forward, it seems that the charts must be from some foreign planet, not ours, which is mired amid the throes of a deepening - not improving - financial breakdown.
Apparently, the wizards of Wall Street see things differently. A slowing economy is a fine one to made ludicrous bets into according to their actions. Stimulus, bailouts, Ponzi schemes, a deteriorating housing market and job losses creates the perfect investing climate according to these geniuses. They are smoking some very powerful dope down there.
Stocks traded in tight ranges throughout the session. Today's action could have been due to indecision, consolidation or manipulation, but it was probably a little bit of each. In any case, nothing moved enough to raise anyone's blood pressure much. It was an all-around tough day for day-traders and short timers.
Dow 8,017.59, +39.51 (0.50%)
NASDAQ 1,621.87, +19.24 (1.20%)
S&P 500 842.50 8.12 (0.97%)
NYSE Composite 5,318.75, +51.65 (0.98%)
Stocks finished with their 4th straight week to the upside. That's a pretty nifty record in the middle of economic calamity and hardly believable. Wall Street insiders realize that another precipitous decline in stock values could lead to some very ugly consequences including widespread firings of top banking professionals, prosecutions and jailings of same, social unrest, and a near-complete breakdown of the social contract and economic death. Thus, the rally must continue, or, at least appear to be solid. It's just another sham being played by the monied interests of Wall Street and Washington and being dribbled along by the feigning financial press.
On the day, advancers beat decliners, 4091-2378, though new lows continued their advantage over new highs, 77-16. Volume was moderate.
NYSE Volume 1,484,215,000
NASDAQ Volume 2,140,955,000
To amplify Wall Street's insanity, read on. This hardly warranted mention on the airwaves, unbelievably.
Self-dealing made simple: The same banks which packaged the "toxic" mortgage loans - for which they received government bailout money - are now looking into buying the same assets under Treasury's Private-Public Partnership Investment Plan.
Yes, you read that right. Citigroup, Morgan Stanley, JP Morgan Chase and Goldman Sachs want to be buyers of each other's near-worthless paper, taking advantage of the government's largesse in the form of 14-1 leverage. These same banks would like to buy up each other's bad loans with roughly 15% down, the balance financed by the government, or, read correctly, the badly duped and without recourse US taxpayer.
Not only is this the worst self-dealing ever witnessed on the planet, but it also reeks of the kind of scheme Bernie Madoff recently re-popularized: PONZI. All of this will likely be swept neatly under the rug with help of the duplicitous Treasury Secretary, Fed Chairman Ben Bernanke and the Liar-King, President Barack Obama.
I know I predicted this would happen when I first heard of the proposal, so why should I - or anyone - be shocked? Our government has one purpose now, simply to serve the wishes of their puppet-masters on Wall Street. The whole bunch of them - from the President and congress to the bank CEOs - should be tried on charges of grand larceny and treason, because stealing from the very people you swore to protect and defend is nothing less.
Commodities dithered throughout the day. Oil closed 13 cents lower, at $52.51. Gold fell another $11.60, to $897.30. Silver shed 29 cents to finish the week at $12.74.
And here's a dose of honesty:
Have a nice weekend.
After a multi-week stock market run of between 20 and 25%, depending on your index of choice, a week chock-full of eyebrow-raising economic reports, a failed attempt at worldwide order and financial diplomacy at the G20, and the worst unemployment in 25 years, the masters of the financial universe decided to keep pushing prices higher, despite the aforementioned data and news, and the imminent revelations from corporate quarterly reports beginning next week.
No matter how anyone tries to justify the numbers, a loss of more than 2 million jobs just in the first quarter of this year is not good news. Stocks should have been headed lower, not higher. Watching the indices crawl forward, it seems that the charts must be from some foreign planet, not ours, which is mired amid the throes of a deepening - not improving - financial breakdown.
Apparently, the wizards of Wall Street see things differently. A slowing economy is a fine one to made ludicrous bets into according to their actions. Stimulus, bailouts, Ponzi schemes, a deteriorating housing market and job losses creates the perfect investing climate according to these geniuses. They are smoking some very powerful dope down there.
Stocks traded in tight ranges throughout the session. Today's action could have been due to indecision, consolidation or manipulation, but it was probably a little bit of each. In any case, nothing moved enough to raise anyone's blood pressure much. It was an all-around tough day for day-traders and short timers.
Dow 8,017.59, +39.51 (0.50%)
NASDAQ 1,621.87, +19.24 (1.20%)
S&P 500 842.50 8.12 (0.97%)
NYSE Composite 5,318.75, +51.65 (0.98%)
Stocks finished with their 4th straight week to the upside. That's a pretty nifty record in the middle of economic calamity and hardly believable. Wall Street insiders realize that another precipitous decline in stock values could lead to some very ugly consequences including widespread firings of top banking professionals, prosecutions and jailings of same, social unrest, and a near-complete breakdown of the social contract and economic death. Thus, the rally must continue, or, at least appear to be solid. It's just another sham being played by the monied interests of Wall Street and Washington and being dribbled along by the feigning financial press.
On the day, advancers beat decliners, 4091-2378, though new lows continued their advantage over new highs, 77-16. Volume was moderate.
NYSE Volume 1,484,215,000
NASDAQ Volume 2,140,955,000
To amplify Wall Street's insanity, read on. This hardly warranted mention on the airwaves, unbelievably.
Self-dealing made simple: The same banks which packaged the "toxic" mortgage loans - for which they received government bailout money - are now looking into buying the same assets under Treasury's Private-Public Partnership Investment Plan.
Yes, you read that right. Citigroup, Morgan Stanley, JP Morgan Chase and Goldman Sachs want to be buyers of each other's near-worthless paper, taking advantage of the government's largesse in the form of 14-1 leverage. These same banks would like to buy up each other's bad loans with roughly 15% down, the balance financed by the government, or, read correctly, the badly duped and without recourse US taxpayer.
Not only is this the worst self-dealing ever witnessed on the planet, but it also reeks of the kind of scheme Bernie Madoff recently re-popularized: PONZI. All of this will likely be swept neatly under the rug with help of the duplicitous Treasury Secretary, Fed Chairman Ben Bernanke and the Liar-King, President Barack Obama.
I know I predicted this would happen when I first heard of the proposal, so why should I - or anyone - be shocked? Our government has one purpose now, simply to serve the wishes of their puppet-masters on Wall Street. The whole bunch of them - from the President and congress to the bank CEOs - should be tried on charges of grand larceny and treason, because stealing from the very people you swore to protect and defend is nothing less.
Commodities dithered throughout the day. Oil closed 13 cents lower, at $52.51. Gold fell another $11.60, to $897.30. Silver shed 29 cents to finish the week at $12.74.
And here's a dose of honesty:
Have a nice weekend.
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