That brings the number to seven the number of children under the age of 19 that have died from COVID-19. A total of 38,171 children have contracted the disease, according to Florida's data, bringing the case fatality rate (number of deaths divided by the number of positive tests) for teens and pre-teens in Florida to 0.018, or just less than two in 10,000 who will die from COVID-related illness or complications of those diagnosed with it.
Just to be doubly sure to cover all the bases in an effort at "honest journalism," the Herald reporters made sure to include this oft-used phrase:
Additional information on both teenagers, including whether they had any preexisting heath conditions, was not immediately available.
Nationwide, nearly 90% of all deaths attributed to COVID-19 were people with pre-existing medical conditions, the most prevalent being obesity, heart disease, and diabetes.
It is stories like this one in the Miami Herald that are designed to keep the level of panic and confusion high among the general population. Fear and panic are key to getting people to submit to the will of government, be it wearing face masks, sheltering in place, keeping "social distance" or any of a handful of useless ideas that federal and state governments have imposed upon citizens over the past six months.
It being useless to try to convince millions of Americans that there's really little danger to the vast majority of people when the mainstream media is mimicking Chicken Little with a "sky is falling" message, Downtown Magazine has taken to presenting information that diverges from the fake news in an effort to at least keep some critical conversation active. Here are some of our findings, with links and occasional commentary.
This is a very positive paper promoting quercetin as an ionophore (a substance which is able to transport particular ions across a lipid membrane in a cell) for zinc, to allow zinc (Zn2+) to enter cells and inhibit entry of coronavirus, thus eliminating the risk of infection nearly 100%.
Quercetin + Zinc = NO COVID
The comment thread at Zero Hedge is loaded with stories and links:
Moderna and NIAID (Gates, Fauci, etc.) have a BLATANT conflict of interest.
"It’s completely correct to say that NIAID (National Institute of Allergies and Infectious Diseases, which is part of the NIH and is headed by Dr. Fauci) will reap a profit on the Moderna/NIAID vaccine. There are 6 NIAID scientists who work for Dr. Fauci, each of whom would get $150,000/year indefinitely as their reward. So that’s $900,000 to his subordinates every year in perpetuity." - Mary Holland, General Counsel, RFK Jr's Children’s Health Defense
1) They skipped animal testing and went straight to humans.
2) The COVID vaccine it’s working on utilizes brand new RNA technology.
3) No RNA drug or vaccine product has ever been certified for public use.
4) Other companies have tried and failed, mainly because safety was a serious problem.
5) Moderna is partnering with the National Institute of Allergy and Infectious Diseases (NIAID), the federal agency headed up by Tony Fauci. This is a BLATANT conflict of interest.
Ian Haydon volunteered to test Moderna’s experimental COVID vaccine. Moderna chose Haydon for the study because of his robust good health. He was among the 15 volunteers in the high dose group. Less than 12 hours after vaccination, Hayden suffered muscle aches, vomiting, spiked a 103.2 degree fever and lost consciousness. His girlfriend caught him as he fell.
Within 45 days 20% experienced “serious” adverse events according to Moderna’s press release meaning they REQUIRED hospitalization or medical intervention.
At first, the experiment seemed successful as all the animals developed a robust antibody response to coronavirus. However, when the scientists exposed the vaccinated animals to the WILD VIRUS, the results were horrifying. Vaccinated animals suffered hyper-immune responses including inflammation throughout their bodies, especially in their lungs. Researchers had seen this same “enhanced immune response” during human testing of the failed RSV vaccine tests in the 1960s. Two children died.
----------------------------------------------------------------------- Influenza Vaccine "Significantly Associated" With Increased Risk Of coronavirus
"In its guidance, FDA said it expected sponsors to demonstrate a vaccine is at least 50% effective in a placebo-controlled trial, with an adjusted lower bound of >30%."
Yes, you read that correctly. The FDA will accept a coin toss for effectiveness when you need 70% to stop the virus! Don't worry though you'll need multiple shots anyway because ...
Fauci conceded that vaccine immunity may only last a few months and both he and Bill Gates are suggesting that the vaccine may not even prevent transmission!
-Conclusion: If you need a conclusion for this part I am truly at a loss for words.
It is quickly becoming a solution looking for a problem. The Oxford vaccine group are lamenting the fact that it is dying out so quickly in the UK that they may not have anyone to test it on. Like that is a bad thing?
Nobel-laureate Dr. Michael Levitt (Chemistry and structural biology at Stanford) has made another prediction.
July 25, 2020: "US COVID19 will be done in 4 weeks [Aug 25] with total reported deaths below 170,000. How will we know it is over? Like for Europe, when all cause excess deaths are at normal level for week. Reported COVID19 deaths may continue after 25 Aug. & reported cases will, but it will be over."
Now, past performance doesn't guarantee future results but at least he was correct on his predictions unlike the "experts" the governments are mindlessly following.
The CDC is now showing "total/excess" deaths so we can all track it here. Scroll down to the chart:
Never had the flu and I'm 72. Never took that horrible flu shot since it's worthless at best. Been trying to catch this cold bug for months, never wore any muzzle, never will. I'm probably testing (+) for covid-19 by now but so what - it'll never affect me and these antibodies I've acquired over 72 years confer lifetime immunity, that's what antibodies do and why they exist, so folks like me never get sick. In fact we now know that old cold and flu antibodies make at least 60% of us immune to covid-19 from day 1, that's me and millions like me.
Read about my acquired immunity to covid-19, like 60% of Americans / ~180 millions of us who'd never be affected by this cold bug due to our antibodies acquired over a lifetime:
According to the CDC website, national deaths related to Covid have been declining since April 18. Every week, less deaths. You'll never hear about it, though.
Just checking... has anyone ever seen or heard any government operative ever talk about strengthening one's immune system as a way to limit the possibility of contracting COVID-19 or any other illness?
Check your memory banks. Waiting.... Waiting.... Waiting.................
Yeah, I thought so.
Why?????? Does the government want us to be ignorant? Don't answer that.
Quercetin + Zinc = NO COVID
Moving on.
Finally, this is interesting:
Culprits Behind Covid-19 Coronavirus Epidemic Reveal Their Destructive Agenda, by Bill Sardi, covers the Great Reset Summit scheduled for 2021 by the World Economic Forum (WEF). Yes, that's the one held every winter in Davos, Switzerland where world political and business leaders rub elbows and dream up world domination schemes.
Here's how the WEF puts it:
"The Great Reset" will be the theme of a unique twin summit to be convened by the World Economic Forum in January 2021. In-person and virtual dialogues will address the need for a more fair, sustainable and resilient future, and a new social contract centered on human dignity, social justice and where societal progress does not fall behind economic development. The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
We are all in this together, but, you have to make your own decisions, so, in some very real ways, you are on your own.
At the Close, Monday, August 3, 2020:
Dow: 26,664.40, +236.10 (+0.89%)
NASDAQ: 10,902.80, +157.50 (+1.47%)
S&P 500: 3,294.61, +23.49 (+0.72%)
NYSE: 12,536.81, +71.81 (+0.58%)
The amount of misinformation that is being presented by the mainstream media surrounding the novel coronavirus known as COVID-19 has become practically overwhelming. The degree to which the media now stretches and distorts events and statistics that do not comport to their ongoing, accepted narrative has reached a point at which the nightly broadcasts from the likes of ABC, CBS, and NBC and the 24-hour non-stop train wreck of coverage by CNN can aptly be regarded as propaganda. It is not news. It is not journalism. It is agenda-driven, twisted, stretched beyond reasonable limits of credulity propaganda.
What broadcast media - and by extension, the readers of discredited, biased reportage by the New York Times and Washington Post - wants the public to believe is that COVID-19 is a existential threat to all of humanity, that it is raging out of control and that it can only be stopped by a vaccine which must be universally accepted when it (or any number of vaccines) becomes available sometime in early 2021.
In other words, the media pushed an agenda driven by government officials who relied on sketchy, unreliable data to shut down most of the US economy, badly damaged the general psyche of the American populace, and they're pushing to go back into nationwide lockdown mode again or at least mandate nationwide mask-wearing, school closings and business disruptions.
The over-the-top propagandizing of the "pandemic" and the now-evident pushback, notably by doctors, has put America and the COVID-19 debate at a veritable tipping point.
So intensely arrogant and oppressive is the media onslaught that it needs to be examined for journalistic competence. We'll start with one article that highlighted a study concerning the drug, hydroxychloroquine, or HCQ, for short.
This article on CNN.com needs to be analyzed from a journalistic perspective, not from a scientific or political point of view, because the science is unsettled and the politics is known to be badly biased. Bear in mind, this was published on June 3, 2020.
Here's the headline: Trump said he took hydroxychloroquine to prevent coronavirus, but new study shows that doesn't work.
Fine. Let's examine the journalistic rigor involved in coming to the headline conclusion.
At about the middle of the article, this is what is posted: No difference between hydroxychloroquine and placebo - That's a sub-headline.
Then the article makes this claim: The University of Minnesota study is a double-blind randomized clinical control trial, considered the gold standard in medicine.
Keep that in mind. This statement will be challenged by the article itself.
Here is the meat of the article:
Starting in mid-March, [Dr. David] Boulware and his colleagues recruited 821 people in the US and Canada who had been exposed to Covid-19. Some were health care workers and others lived in the same house as someone with the virus. The median age was 40.
About half the study subjects were assigned to take hydroxychloroquine for five days, and the other half were assigned to take a placebo, or a pill that does nothing. Neither the researchers nor the study subjects knew who was taking which drug.
The researchers then monitored the study subjects for two weeks.
In the end, it didn't matter if they received the drug or not: about 12% of those taking hydroxychloroquine came down with symptoms of Covid-19, compared to about 14% of those taking the placebo, a difference that was not statistically significant.
Fine. No statistical difference. Keep in mind the part about the study being "double-blind randomized clinical control trial, considered the gold standard in medicine," because the article itself - remember, we're judging journalistic integrity here - will refute this statement in the very next paragraph.
In both groups, most of the patients did not receive a Covid-19 diagnostic test, since at the time of the study, such tests were in short supply. Instead, four physicians involved with the study reviewed the study subjects' symptoms to see if they were compatible with a Covid diagnosis.
Wait a minute. Most of the patients did NOT receive a Covid-19 diagnostic test? The conclusions of this "gold standard" study were based upon the opinions of "four physicians involved with the study reviewed the study subjects' symptoms to see if they were compatible with a Covid diagnosis."
Sorry, the opinions of four physicians involved with the study (who were they? How involved were they? How much were they being paid by anybody?) to draw conclusions does not qualify as a randomized, double-blind study worth any scientific value.
Usually, in conditions such as this, actual blood samples and real tests would be performed upon which conclusions could then be scientifically concluded. This was not what happened here. This is not a "gold standard" study.
Let's go on.
Boulware said his story underscores the need to study drugs to find out if they work in particular situations.
"Even in the setting of a pandemic, we need research to help inform the best practice for what works in humans," said Boulware, senior author of the study.
This won't be the last word on hydroxychloroquine as prevention against Covid-19. Researchers at New York University and the University of Washington and elsewhere are also studying whether hydroxychloroquine might help people who have been exposed to the virus fight off a Covid infection.
The University of Minnesota team is studying whether hydroxychloroquine could work earlier on, to prevent infection in people who have not had an exposure.
"Maybe if they take the drug before they're exposed, before the infection has had time to set up shop, it could have an effect at preventing disease," he said.
Wait a minute. What's that? "Maybe if they take the drug before they're exposed, before the infection has had time to set up shop, it could have an effect at preventing disease." That is a statement from the lead author of the study. That's honest. That's truth.
Here comes the kicker and how we find the CNN authors of the story to be derelict in their application of journalistic integrity:
His team is also looking to see whether the drug might help people with early symptoms of Covid-19 from becoming so sick that they end up in the hospital.
"You don't know until you do the clinical trial," he said.
Hold it. We thought this was a "gold standard" clinical trial. According to Dr. David Boulware, the lead author, he's still waiting for one.
If a professor at a journalism school was grading this as a paper, he might give it a C- or a D. The headline is completely misleading. Some of the claims made in the story are refuted further down the story line.
The study may have been randomized, it may have been double-blind. But it was certainly not a "clinical control trial," since the results were nothing other than observations by four physicians. There were no diagnostic tests for Covid-19. Therefore, the study fails miserably at the level of being "gold standard."
This would be like taking your car to a mechanic because the engine was sputtering, and getting the opinions from four shop-hands who listened to the engine running and concluded that it was "bad gas" or something else, like "fuel pump," or "gaskets."
This study is just an example of many that have been presented by the mainstream media to undermine any useful information that could be gleaned from physician experience with patients treated with hydroxycholoroquine (HCQ).
This article doesn't even pass a basic smell test for journalism. It starts with a biased headline that isn't supported by the body of the article. It's trash. It should not be believed. It should have never even been published if there were honest editors in the CNN newsrooms. Ha! That's a good one. Honesty and CNN should never be used in the same sentence.
Futhermore, almost none of the studies - as aptly pointed out innumerable times by Peak Prosperity's Dr. Chris Martenson - of HCQ involved the use of ZINC, which happens to be a key element, the main inhibitor of viral infection.
You are encouraged to read the article in its entirely yourself, but considering that you may be a lazy, numb, sheep-like American zombie, we'll offer the highlights here. First off, the dosages of hydroxycholoroquine (HCQ) administered were nearly toxic (800 mg once, followed by 600 mg in 6 to 8 hours, then 600 mg daily for 4 additional days). That's 1400 mg. the first day, then another 2400 mg. over the next 4 days, for a total of 3800 mg.
The CDC's recommendations as a prophylaxis (preventive) for malaria (yeah, malaria) is 310 mg base orally once a week. For patients with malaria, the recommended dosage is 620 mg orally as an initial dose, followed by 310 mg at 6, 24, and 48 hours after the initial dose. Total dose: 1550 mg.
Hmmm. 3800 mg. in the study, when the total dose for people with malaria is 1550 mg. Sounds a little fishy, like maybe too much HCQ.
Here's the conclusion, per NEJM:
After high-risk or moderate-risk exposure to Covid-19, hydroxychloroquine did not prevent illness compatible with Covid-19 or confirmed infection when used as postexposure prophylaxis within 4 days after exposure.
Please note the term "postexposure," as in after you already have the disease.
Moving on to the NEJM commentary:
The majority of clinical studies of chloroquine or hydroxychloroquine for Covid-19 have focused on hospitalized patients. Yet, to alter the trajectory of the epidemic, it is necessary to break the chain of transmission. The risk of secondary household transmission has been estimated as 10 to 15%. Small, nonrandomized, noncontrolled cohort studies have suggested that the use of hydroxychloroquine might reduce or even eliminate this risk.
Remember, this was June 3, 2020 and the dig down the rabbit hole goes even deeper. While you are encouraged to read the NEJM report yourself, here are some of the highlights from the commentary:
Persons with symptoms of Covid-19 or with PCR-proven SARS-CoV-2 infection were excluded from this prevention trial but were separately enrolled in a companion clinical trial to treat early infection.
We assumed that health care workers would have access to Covid-19 testing if symptomatic; however, access to testing was limited throughout the trial period.
Although PCR or serologic testing for asymptomatic infection would have added to the scientific strength of this trial, this was not possible, and we cannot assess an effect on mild or asymptomatic infections.
Because of the lack of availability of diagnostic testing in the United States, the vast majority of the participants, including health care workers, were unable to access testing.
given the small number of PCR tests, it remains theoretically possible that hydroxychloroquine therapy limits proven infection.
Still with us? In a nearly-complete backtracking from the CNN headline, the conclusion from this study is pretty much inconclusive. The NEJM even raises the possibility that HCQ could be an effective treatment, a complete 100% about-face from the headline. It's a pretty good bet that Dr. Chris Martenson had already ripped this "gold standard" study to shreds in one of his twice-weekly Youtube videos.
At this point (12.20 am ET, Sunday morning), this clip seems suitably appropriate on a number of levels (OK to search your soul here):
OK, have we all achieved moral clarity now? Not yet? Let's proceed.
COVID-19 and the stay-at-home orders, the media onslaught of "wear a mask," "social distance", the lockdowns, the millions of people unemployed, the businesses needlessly bankrupted was all a monstrous scam on the public and the scam continues to this day. If there ever was a time to string up federal and state elected officials, Fed presidents, high-profile medical "professionals", and bankers, this is it. This is all lies and propaganda designed to scare people into submission, funnel trillions of dollars to nearly-insolvent (again) major banks, financial institutions and other top-line corporations and prepare the American public for a "new normal" in which shaking hands is dangerous, breathing might kill your neighbor, kids shouldn't go to school, nobody should touch anything handled by another human, major league sports need to be played in a "bubble", and other absurdities and insults to the intelligence.
If you still accept the mainstream media interpretation of what's happening, adjust your mask (and goggles) and read on, little lamb.
We've been hoodwinked by people who want complete control over everybody and everything, all the time with no questions asked, no critical thinking applied, no objections to the mendacious, tyrannical, bizarre psychological derangement that could have even thought up such a diabolical, global control function such as this.
From this Yahoo News story, we can clearly see the media bias and essential narrative. Nothing readily available and inexpensive will be adequate to halt the relentless spread of COVID-19. Only the vaccination of billions of people with unproven, potentially dangerous chemicals will do.
This is an outrageous lie:
On Monday, Trump shared versions of a viral coronavirus video that made false statements about the disease, including the efficacy of hydroxychloroquine as a treatment; two days later, Fauci told MSNBC the video "isn’t true."
That, friend, is propaganda on a level that would make Joseph Goebbels blush with pride.
The video being referenced is the one of the press conference which was held on the steps of the Supreme Court by about a dozen doctors wearing lab coats, now known as America's Frontline Doctors. These are medical professionals with decades of combined experience who have been treating patients for COVID-19 since the virus became prevalent in their communities.
The video, in which the doctors praised the use of hydroxychloroqune (HCQ), proclaimed that schools could safely open now with nearly no risk of further spread of the disease and generally debunked the entire narrative of mask-wearing, social distancing, stay-at-home orders, and lockdowns as a strategy. The video, which was streamed on Brietbart news, received over 20 million views within hours prior to its removal from the internet by Youtube, a fully-owned subsidiary of Google. That is the video Dr. Fauci says "isn't true."
False statements? Which ones? If there are false statements, otherwise known in the real world as lies, shouldn't the American public be entitled to know exactly what they are? No, that's too hard for the propagandists at NBC, CBS, ABC, CNN, Google, Facebook, and Twitter. No, let's just expunge the video - which happened to be the fastest-spreading viral video ever seen before the censors at Youtube took it down. No, let's just let the little liar, the dictator of the CDC, Anthony Fauci, tell us that the video of a dozen frontline doctors is "false" and leave it at that. Sure, we can trust him because... well, we can, can't we?
Not only was the video taken down, but the website, americasfrontlinedoctors.com was taken down by Square, the hosting company. Since then the group, headed and founded by Dr. Simone Gold, has put up another website and another video at americasfrontlinedoctorsummit.com. Their message remains the same: stop the lockdowns and mask-wearing nonsense, make HCQ available to the general public, reopen the school on time without restrictions. It is highly recommended that everybody watch the new video on the home page of their website.
There's also a Compendium of HCQ Studies, titled, Medical Studies Support MDs Prescribing Hydroxychloroquine for Early Stage COVID-19 and for Prophylaxis by Vladimir Zelenko, M.D., Harvey A. Risch, M.D., PH.D., George C. Fareed, M.D.
These doctors are highly-respected in the field of medicine. Dr. Risch is Professor of Epidemiology in the Department of Epidemiology and Public Health at the Yale School of Public Health and Yale School of Medicine.
That's Yale, as in Ivy League. You want a gold standard? Dr. Risch is it and he says using HCQ could save 75,000 to 100,000 lives.
The compendium is 248 pages of data and findings. It's far too extensive to expect the average American to read it, much less understand it. But, the executives and news anchors and reporters at the media companies should be able to get it. They're smart people, right? Why are they doing everything in their power to keep the truth about a drug that saves lives from the American people?
As far as Dr. Fauci is concerned, he's done real harm to the American public and to the medical industry as a whole by continuing to push the false narrative of being helpless against the virus and the need for draconian measures to fight it.
Dr. Anthony Fauci has never once publicly advised anybody to strengthen one's immune system. He's never advised exercise or good diet. He's only promoted the inevitable preordained conclusion that COVID-19 will kill everything and everyone in its path unless a vaccine (or multiple vaccines) is developed by a big pharmaceutical company costing billions of dollars in record time, distributed and deployed sometime early in 2021.
That's his message and his only message. Fear the virus. Stop being human. Cower in abject terror. Meanwhile, the evidence is clear: 99.98% of the people alive today will not die from COVID-19 and there are more people born every minute of every day who will not die from it.
Dr. Fauci and the mainstream media don't want the American public to know the truth. They don't want the public to know how conflicted and compromised Dr. Fauci is.
There's some research into the whole hydroxychloroqine + zinc regimen, and, as it turns out, the over-the-counter supplement, quercetin, may be a reliable substitute for HCQ as an ionophore which helps zinc enter healthy cells and do its work, which is, to block viral replication, i.e., stopping COVID in its tracks.
So, the real answer to stopping the spread of COVID-19 may not be wearing masks or social distancing at all, but fortifying one's own immune system with Quercetin + Zinc, both readily available OVER THE COUNTER.
What's even better is that quercetin is found in lots of foods, including green tea, red wine, onions, most hot peppers, grapes, and especially, Dr. Chris Martenson's favorite, Elderberry.
It's becoming easier to conclude that there never was any need to shut down entire economies, because, while COVID-19 is very contagious, it is not particularly deadly, more or less an enhanced cold or flu. For people under the age of 50, the chances of dying from COVID-19 are about as remote as dying from the seasonal flu, about 1 in 100,000, or 0.01%. There's also widely-available evidence that nearly 90% of reported COVID-19 deaths have occured in people which had other underlying medical conditions, the top three being diabetes, obesity, and heart disease.
Interesting forum discussion at Peak Prosperity (Dr. Chris Martenson and Adam Taggart) concerning tonic water (quinine), quercetin and other natural preventatives (prophylaxis). Seems quercetin (available widely over the counter in the US and other countries) with zinc will inhibit COVID-19 effectively.
Here's webMD, which offers interesting information on quercetin, but, keeping with the "only a vaccine will stop COVID-19" narrative, they include this tidbit:
Coronavirus disease 2019 (COVID-19): Quercetin may have benefit for some airway infections, but there is no good evidence to support using it for COVID-19. Follow healthy lifestyle choices and proven prevention methods instead.
Still, here's a partial list of plants and foods containing quercetin:
Quercetin is a plant pigment (flavonoid). It is found in many plants and foods, such as red wine, onions, green tea, apples, berries, Ginkgo biloba, St. John's wort, American elder, and others. Buckwheat tea has a large amount of quercetin. People use quercetin as a medicine.
So, maybe we don't need hydroxychloroquine for everybody. Maybe quercetin and zinc can boost the immune system to a point at which the body can fight off COVID-19 itself.
This is very interesting to Fearless Rick, who has been drinking lots of vodka tonics (quinine), but also, since it's been very, very hot in East Tennessee, gallons of green tea. Plus, Rick has a garden and eats plenty of onions and peppers (both good sources of quercetin), plus there are two fig trees on the property he maintains and figs are also a good source for quercetin per this unbiased article: https://www.superfoodly.com/quercetin-foods/
Here is a very informative video covering the microbiology of HCQ and Zinc in relation to COVID-19 in plain English that the Covid-censor Googlebot apparently missed.
So, to the mask-wearing simpletons who would likely don a pussy-hat if told to do so, this has been an opening salvo of truth. I hope you hated it. I hope you vomited over it because you cannot argue effectively against it. I hope you choke on it, because more is on the way. I intend to shove it down your throats the same way the media shovels the fake COVID-19 news at you.
I am not taking prisoners here. People are either going to stand up for principles or lay down under the boot of servility and dehumanization. Kneel, and Bill Gates' COVID vaccine and the rest of a miserable existence awaits you. So long as you keep bowing to the perception of power, you will be a slave to their whims and executions.
The moment you throw off your false sense of security - for truly, you, and nothing you hold dear is secure in this world - you will have hope.
You can believe whatever you want to believe. But, when you believe in lies you have nothing to gain. You will become a fatality to your own version of normalcy bias. You will die as you lived, with your own invalid sense of self-worth and self-righteousness to etch upon your tombstone. You will have achieved nothing more than you were asked.
Forever, and again tomorrow and the next day,
--Fearless Rick
Oh, by the way, there were some market-moving events over the past week.
At the Close, Friday, July 31, 2020:
Dow: 26,428.32, +114.67 (+0.44%)
NASDAQ: 10,745.27, +157.46 (+1.49%)
S&P 500: 3,271.12, +24.90 (+0.77%)
NYSE: 12,465.05, -68.23 (-0.54%)
For the Week:
Dow: -41.57 (-0.16%)
NASDAQ: +382.10 (+3.69%)
S&P 500: +55.49 (+1.73%)
NYSE: +3.27 (+0.03%)
Stocks were boosted mostly by increased from Alphabet/Google (GOOG), Microsoft (MSFT), Apple (AAPL), Facebook (FB), and Amazon (AMZN). The bulk of the market, such as the other 495 stocks in the S&P 500 were hardly changed.
Bond yields were driven to their lowest ever, with the 10-year note dropping to 0.55%, it's second-lowest ever, and the 30-year at 1.20%. The entire treasury complex, 1-month though 30-year is now covered by 111 basis points or 1.11%.
WTI crude oil remained anchored around $40/barrel, which has provided some relief at the pump for America's drivers.
Silver and gold got smacked around by heavy hitters in the futures markets, becoming more and more irrelevant every day.
The most recent prices (including shipping - often free) for select items on eBay:
Item: Low / High / Average / Median
1 oz silver coin: 31.95 / 39.76 / 35.70 / 35.50
1 oz silver bar: 30.00 / 50.50 / 36.39 / 33.50
1 oz gold coin: 1,994.66 / 2,133.21 / 2,089.68 / 2,110.26
1 oz gold bar: 1,915.00 / 2,161.14 / 2,071.04 / 2,087.62
This article is a bit rambling, but the points are nonetheless critical to our freedoms.
The mainstream media (Networks ABC, NBC, CBS, CNN, MSNBC, and newspapers, New York Times, Washington Post) has become nearly 100% propaganda for the anti-freedom, censorship-loving, COVID-19-pushing deep state. That's not idle banter. The facts are being lain bare on a daily basis. They're one-sided, biased, agenda-driven, partial and uninterested in the proper dissemination of the truth.
Nor are they alone. They have the backing and support of social media giants such as Facebook, Youtube (owned by Alphabet, i.e, Google), and Twitter. Anything that threatens to expose their agenda and narrative is labeled as conspiracy theory, distraction, or, as is the case currently over the issue of whether or not hydroxychloroquine (HCQ) can be employed as a safe and effective treatment in early stage COVID infection or as a preventive measure when taken with Zinc, the people arguing in favor of HCQ are characterized as right-wing radicals backed by "dark money." Sure, Breitbart.com and teapartypatriots.org are "dark money" because they don't support the fake virus, Bill Gates' vaccine promotion, or Dr. Fauci's outrageous lies and misinformation (Now he and his colleage, Dr. Birx, are promoting the wearing of face masks and eye shields or goggles, and would like to see a disposable hazmat suit worn by students in schools.).
The website, americasfrontlinedoctors.com was disabled after the group of doctors led by Dr. Simone Gold (twitter feed here, 94,000 followers), but a new site has been assembled at americasfrontlinedoctorsummit.com.
Here's a 2005 study that details HCQ effectiveness against coronavirus (SARS-COV-1, a predecessor of SAR-COV-11, otherwise known as COVID-19): Chloroquine is a potent inhibitor of SARS coronavirus infection and spread.
Same study on NIH site when Dr. Fauci was director.
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Facebook (FB), Alphabet (GOOG), and Microsoft (MSFT) all handily beat vastly lowered earnings expectations after the closing bell on Thursday. Friday looks to be another day of incessant stock melt-up, despite the news yesterday that second quarter GDP was an absolute all time low, a contraction of 32.9%.
Otherwise, everything is just peachy-keen.
Enjoy the weekend. Sunday's WEEKEND WRAP will be a hum-dinger.
Spread the word: HCQ + Zinc = NO COVID
At the Close, Thursday, July 30, 2020:
Dow: 26,313.65, -225.92 (-0.85%)
NASDAQ: 10,587.81, +44.87 (+0.43%)
S&P 500: 3,246.22, -12.22 (-0.38%)
NYSE: 12,533.28, -136.34 (-1.08%)
The proximate cause not the novel coronavirus, aka COVID-19, but state governments' ordered lockdowns of businesses, citizenry and government apparatus, making the worst decline in US output wholly a self-infliceted wound.
As predicted by Downtown Magazine, the slowdown was not as severe as expectations of -34.5% by economists surveyed prior to the release.
The 1,434,000 claims was an uptick from the revised 1,422,000 the previous week.
Weekly claims have surpassed an unprecedented 1 million every week since March.
So, with all this wonderful news, should we continue wearing masks and keep six feet away from each other, demanding curbside pickup of fast foods, no-touchie, no-feelie schooling and another round of stimus checks from the government?
As expected, the FOMC of the Federal Reserve kept rates at "near-zero" and reiterated that they would keep rates at that level until the US economy picks up, which, depending on who you ask, might be anywhere between "never" and "next quarter."
Such is the stuff of populous economics in the age of the constant panic.
The Fed's announcement on Wednesday set off yet another stock-buying spree of over-valued, highly-indebted companies, most of them listed on the major exchanges, particularly the S&P 500, which put in a solid gain of 40 points on the nose, leaving it a mere 128 points, or, less than four percent, off it's all-time closing high of 3,386.15 (February 19, 2020).
This, of course, is absolute madness. Here we are, supposedly in the midst of a pandemic which has killed over 150,000, sickened many times that, shuttered businesses, cost over 30 million jobs (that number is a moving target), and pretty much wrecked not just the US economy but that of the entire civilized world (the uncivilized parts of the world having barely noticed any changes at all).
What the stock market and the Fed are relaying via their asset-boosting measures and ever-rising stock prices is that the global economy should have a crisis of this magnitude at least once a year. Sure, some people got hurt during the February-March decline, but they are rubes, obviously not attuned to the new rigors of investing, which is to hold stocks for mere weeks or months, not years, and, in the world of those wearing big boy pants, the best trades last mere minutes.
With the S&P bottoming out at 2,237.40 on March 23rd, the gains through Wednesday amount to a windfall of just over 45 percent. Annualized, that's 135%. If sustained, that would mean your $100,000 investment would be worth $235,000 in a year, and all of this comes under zero-interest-rate-policy (ZIRP).
Easy money!
But what about bonds? We thought you'd never ask.
As of today, a one-month treasury bill yields an exciting 0.09%. The ten-year note fell to its second-lowest yield ever, at 0.58%. And, for those of you with shorter investment horizons, yields on the one, two, three, five, and seven-year notes all made historic all-time lows on Wednesday, thanks to the confidence inspired by our brave central bank. Those yields are 0.13%, 0.12%, 0.15%. 0.25%, and 0.43%. So, if you would like to lend the US federal government $10,000 for five years, they'll pay you back a whopping $25 per year or $125 in total for the privilege. And, with luck, you'll get the principal back at the end.
This does not inspire much confidence in the continued smooth operation of our federal government. It speaks volumes to the sustainability of state governments and their bloated pension obligations. (This brings up an interesting point, a little off-topic: many teachers have not been in a classroom actually teaching since March. Many of these teachers - via their unions - are complaining that they don't want to go back into a classroom to teach when the school year begins again in a few weeks. Well, teaching in a classroom isn't kind of a job, it is their job, so why are they continuing to be paid?)
For those still interested, the entire treasury complex, from one-month out to 30-years, is now covered by 113 basis points, which isn't much, just more than one percent. Basically, lending to the federal government is a losing proposition if there's any time value of money or inflation whatsoever.
Cheers! (The crowd goes wild.)
Naturally, in the face of this obvious failure of the fractional-reserve, debt-based fiat currency system currently in play, the price of gold and silver went... wait for it... down. Well, that would be on the criminal exchanges known as the futures markets, obviously overseen and controlled (we don't like to use the word "manipulated" any more, makes it sound like a conspiracy theory) by the world's greatest gangsters in the world's largest criminal skimming enterprise, the consortium of sovereign central banks.
As of this writing, gold has been tamped down five times, as has silver, but the latter to a much greater degree. Seems that while the central bank gang doesn't like gold very much (it competes with their paper currencies), they like silver even less. Silver touched $26 a few days ago, but the big boys in their fancy suits saw best to slam it back to $22.98 this morning, though it has recovered to 23.20, presently.
The spot price and futures exchanges are becoming increasingly irrelevant. Try buying any quantity of silver at anything under $27 an ounce. You'll be laughed out of the coin shop. On eBay, single ounce bars and coins are going for anywhere from $27 to $40. Morgan silver dollars (90% silver, 10% copper, 26.73 grams) are going for upwards of $35. Numismatically prized specimens can fetch hundreds of dollars.
So, we're at war. Yes, war, but no guns have been fired yet unless you include the ones that went off either accidentally or on purpose at a few of the BLM protests over the past few weeks.
The war is being waged by the seven billion people on the planet who are not in the top 1% of wealth hoarders. They are fighting the government (whatever country you're in, plus all other governments of all other countries), the central banks (ditto) and their fiat currencies, mainstream media and the "official" medical community which fails to understand the simple equation: HCQ + Zinc + Z-Pac = NO COVID.
The weapons currently employed are words, currencies (vs. real money, gold and silver), brains, street smarts and assorted pamphlets, Molotov-cocktails, laser beams, rocks, barricades, fists, batons, spit, and finger-pointing.
Judging by the number of people "voluntarily" wearing masks and staying six feet away from the nearest co-habitant of the planet, the bad guys are winning. The tide needs to be turned.
With that, a reminder that we'll be back in about an hour to report on the release of second quarter US GDP, which figures to be a doozy on several levels. Downtown Magazine's current best guess is -41%, but, knowing how Wall Street and the number massagers at the BLS and Census operate, the figure is likely to come in at a cool -30%, because, as we all are aware, that would exceed estimates of -34.5% and will thus "beat the street" and encourage even more buying of stocks. Horray for us! We're not as poor as we thought!
See you again around 8:45 am ET.
At the Close, Wednesday, July 29, 2020:
Dow: 26,539.57, +160.29 (+0.61%)
NASDAQ: 10,542.94, +140.85 (+1.35%)
S&P 500: 3,258.44, +40.00 (+1.24%)
NYSE: 12,669.62, +178.40 (+1.43%)
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