Stocks Drop, Then Pop; Global Financial News

Now we're supposed to believe that there's a new, deadlier strain of the coronavirus out there that may or may not be effectively nullified by the new vaccines that are being foisted upon the public.

OK. If you want to believe all of this, you can take the short bus to the bridge I have for sale.

Notice that the new coronavirus strain was found in England, the same country that's been trying to extricate itself form the European Union since the public voted to do so nearly four years ago. How convenient, that as the deadline for a formal exit from the EU approaches, England is cut off from the rest of the continent, stoking fears that the country will run out of food, medical supplies, and other necessities.

It's a crock. By most accounts, there are somewhere between six and 30 strains of coronaviruses extant in the world today and all of them are simple mutations from a main virus. The reason a virus mutates is simple: to spread more readily so that it can survive. It's likely that the new strain is less deadly than the fake strain already causing global panic. Yes, the one that kills about .03% of those infected.

The reality is that this "pandemic" is all due to a virus about as nasty as the common cold for most. It's been used - and continues to be used - as a control mechanism by government, the medical community, and the media. Deaths from Covid are a tiny percentage (about 6%) of the total reported deaths with Covid and all the masking-up, locking down, and fussing over this non-lethal virus has caused more damage than the virus ever will. It's all intended to violate your rights, destroy the global economy, and subjugate the vast populations of the world to the Great Reset planned and promoted by the World Economic Forum (WEF) and its James Bond-type leader, Klaus Schwaub. He's actually written a book about it and it's available on Amazon.

So, Monday, when the news broke that this new strain was running loose in Great Britain, European stocks slumped and US futures fell. But then what happened? When US cash markets opened, sure, they were down, but by the end of the day, the Dow was green and the other indices suffered minor losses. And, on Tuesday, European markets were all higher. Virus hysteria is just another means to redistribute wealth and shares of stock. Weak hands sell, strong hands buy. Nothing mysterious about that at all. It's market manipulation 101.

As far as retaining civil rights and freedom are concerned, Europe is pretty much already a lost cause. Governments long ago took away citizens' rights to bear arms, and their systems are already largely socialistic. America still has time, but it's running short. If Joe Biden is inaugurated on January 20, 2021, it's over. The outcomes are either civil war or total subjugation. The coronavirus has been used to take away rights and freedoms, and it's been employed very successfully by a globalist tyranny.

Bottom line, here are some simple truths about the coronavirus:

It's real, but it's not deadly. Most people who contract it don't even know they have it or have what amounts to a mild dose of the flu.

It's being used by government, media, and the medical community to control people and rake in money.

Masks, lockdowns, and vaccines are ineffective and possibly harmful.

Ivermectin, hydroxychloroquine and other preventive treatments are available and they work, but the medical mafia doesn't want the public availed of them.

The rights of billions of people are being violated, daily.

No links were provided in this article because people need to verify facts for themselves.

BTW: all markets, from stocks, to bonds, to precious metals, oil, commodities, and forex are controlled by big money financial institutions, hedge funds, and central banks. The only "markets" that may be beyond the control of nefarious actors are cryptocurrencies such as Bitcoin, Etherium, and others, though governments are working hard to try to regulate and tax them. So far, they've only been mildly successful.

At the Close, Monday, December 21, 2020:
Dow: 30,216.45, +37.40 (+0.12%)
NASDAQ: 12,742.52, -13.12 (-0.10%)
S&P 500: 3,694.92, -14.49 (-0.39%)
NYSE: 14,378.85, -88.97 (-0.61%)

WEEKEND WRAP: Fed Fail

Sick joke of the week: Congress is close to an agreement on another CV-19 relief bill.

That's it. There have been breakthroughs, "imminent agreement", setbacks, and false starts since congress and the administration began working on a second round of CV-19 in July, or June, or May, or whatever date one wishes to throw out there.

It's not happening. Congress spent the week preening and posturing, as they normally do, right up until the deadline for passing a continuing resolution to keep the farce going came, Friday night, when the House and Senate agreed to fund the government through Sunday. President Trump signed the measure on Saturday.

Well, it's Sunday morning, so, we will all soon find out whether the assemblage of 535 self-absorbed narcissists can make themselves look good by passing some kind of "relief" for American people.

Whatever comes out of congress today, or even Monday or sometime in the future (really, at this point, who knows?) will be a watered-down version of the first big stimulus, the CARES Act, the $3 trillion package approved by congress last Spring. The current proposals are for a bill that would be less than a third of that in size, about $900 billion. If and when such a bill is passed, Americans earning less than $75,000 would receive $600 to $700 each. Couples earning under $150,000 would ostensibly be eligible for one-time checks of $1200-1400, essentially half of the first go-round, so, yes, it's OK to call your congressperson Scrooge, because he/she/it is. They are collectively screwing everybody. Merry Christmas.

About the best thing that can be said about congress in this winter of discontent, is that they've failed miserably. All they've done for the past year is watched the economy and the country sink into a desperate state of affairs, promising to help and supplying false hope. There isn't one person in ten that believes the country would be better of without them at this point.

Dismissing the obvious self-hate that Americans may have for electing this current selection of cretins, the world kept turning and economics didn't take the week off.

Stocks had themselves another week of gains, following the prior week's losses, with all of the indices reporting new record highs, though, with the exception of the NASDAQ, which gained more than three percent for the week, gains were modest. Techs led. Financials were mostly flat, if anybody cares.

Oil prices continued to rise as if there was an imminent economic miracle about to happen, which might be the common thinking in the futures market, now that vaccines for the dreadful non-virus are slowing making their ways to the mainstream of both media and blood vessels. The price of a barrel of WTI crude oil rose every day since closing at $46.57 last Friday (12/11), closing out the week at a ten-month high of $49.08.

That the meteoric rise in the price of oil coincides with the coming Christmas and New Year holidays is no accident. Oil companies have been doing this "expected demand" ritual for years. Oil and gas prices are always highest when the most people are driving, so, even though Americans are being told to stay home, stay safe, don't spread the virus during the holidays, Big Oil can't help themselves from fleecing the public anyhow.

The odd thing about gas prices, is that they go up right away when oil prices rise, even though the gas in their underground tanks was purchases at a lower price, but, they don't come down right away when oil goes down, because they claim they are then selling gas that they purchased at a higher price. It's a classic heads-I-win-tails-you-lose con that's been victimizing the public for decades. Has congress ever done anything about obvious price-fixing? Please stop laughing.

Bond yield were on the rise again last week, with the 10-year and 30-year yields gaining five and seven basis points, to 0.95% and 1.70%, respectively. Shorted-dated maturities remained tethered to the zero-bound, with anything having a duration of one-year or less flat-lining at .08 to .09.

For it's part in the ongoing failure of everything "federal," the Federal Reserve held the last of its FOMC meetings for the year, wrapping up on Wednesday by reiterating its commitment to inflation above two percent and QE infinity in the form of $40 billion a month in mortgage-backed securities and $80 billion a month in treasury purchases.

While it's arguable that the assembled economists at the Fed know exactly what they're doing, there's compelling evidence to the contrary, or at least threat they know what they're doing is wrong, but that doesn't seem to be enough to stop them from doing it. The American experiment was never supposed ot end in collapse, but the Fed seems intent on engineering a giant crack up boom and bust, just as Ludwig von Mises and the rest of the non-Keynesian, Austrian economists postulated. The American experiment may be going down in flames, but the Fed's fiat experiment, closing in on 50 years from the August 1971 closing of the gold window by then-President Richard M. Nixon, is cratering into a black hole, never to return. The dollar has been losing value so fast over the last 12 months, international companies are having a difficult time squaring their books.

Though it's true that all fiat currencies are collapsing at the same time, the dollar has clearly taken the lead, losing significant ground to the euro, yen, and pound. So desperate are the managers of the currency that Treasury labeled Switzerland and Vietnam as currency manipulators, adding that India, Thailand, and Taiwan may also be attempting to devalue their currencies against the dollar. Such risible claims will do nothing to slow the descent of the world's reserve currency - and eventually all other fiat currencies - to its intrinsic value of zero, as short-term bills are already indicating.

Which brings us finally to real money. As more and more individuals and corporates hasten dollar flight, nobody dared miss the incredible rise of Bitcoin over the past week, as it careened through its old high, past $20,000, to as high as $23,711.43, the more than $4,000 gain all happening in the blink of an eye, in less than two days, from early Wednesday morning until midday Thursday. Hedge funds and other investment houses have recently begun singing the praises of crypto=currencies, many of them piling into such as investments in a post-dollar environment.

While Bitcoin was making all the headlines, gold and silver crept higher in one of the best weeks for precious metals in recent days. Gold gained $43 per ounce over the past seven days ending Friday, from $1843.60 to $1886.80 at the close in New York on 12/18. Silver rocketed from $24.09 an ounce to $26.00 over the same expanse. Gains in the metals were not without notice on public exchanges, as premiums remain elevated, as they have been for the better part of a year.

Below are the most recent prices for commonly-traded gold and silver items on eBay (numismatics excluded, shipping - often free, included):

Item: Low / High / Average / Median

1 oz silver coin: 28.00 / 39.99 / 35.19 / 35.58
1 oz silver bar: 29.85 / 37.02 / 34.00 / 34.45
1 oz gold coin: 1,900.00 / 2,075.33 / 2,010.88 / 2,025.49
1 oz gold bar: 1,899.00 / 2,289.95 / 2,001.29 / 1,982.69

Dollar flight is certainly not lost on gold and silver investors. Gains in the precious metals space prompted prices for gold coins and bars to price above $2,000 on average for the first time on a month. Silver average and median prices rose less, signaling that shortages experienced earlier in the year have been resolved. Most online dealers are currently reported most commonly-purchased items in stock, which was not the case in Spring and Summer 2020.

With spot prices for both gold and silver nestled just below their late summer highs the belief that a new surge of buying may be on the horizon has been making the rounds. Given the gains in cryptos and the length of the consolidation phase for the metals, it would make sense for gold and silver to surge to new highs in coming weeks and months, though it is well-known that January and February routinely mark lows for the year in both metals, so another pullback could occur before any meaningful advance takes place.

Finally, this being the final WEEKEND WRAP before Christmas, it's important to be reminded to stand ready for the future, which is always uncertain. In a month's time, Americans may finally see resolution to the ongoing presidential contest, but also, quarterly and 2020 annual reports will be flowing to Wall Street investors. As murky as it may be, one should have a view of the immediate future as well as the longer term. Massive changes are happening in economies and societies around the world, changes that are likely to have profound impact upon how people behave overall, but, importantly, how financial transactions - everything from buying groceries to financing roads and bridges - are conducted.

A new paradigm is emerging and it increasingly appears to be one that will not retain many of the rudimentary characteristics of the old one.

Happy Holidays!

At the Close, Friday, December 18, 2020:e
Dow: 30,179.05, -124.32 (-0.41%)
NASDAQ: 12,755.64, -9.11 (-0.07%)
S&P 500: 3,709.41, -13.07 (-0.35%)
NYSE: 14,467.82, -48.91 (-0.34%)

For the Week:
Dow: +132.68 (+0.44%)
NASDAQ: +377.77 (+3.05%)
S&P 500: +45.95 (+1.25%)
NYSE: +112.53 (+0.78%)

Lamenting Congress and Dollar Flight

As the congress cretins prepare to promise another day's worth of "progress" on the continuing negotiations over the long-awaited COVID-related stimulus or relief package, your average American and intrepid investor (not the same) are getting a little bit tired of hearing the same line touted over and over again as it has been for many months.

There's been so much accumulated progress toward meaningful legislation to dole out money to the plebes and other, more financially-needy institutions that Americans should have already received the dough and spent it by now. Instead, the disinclination by congress to pass along a bit of taxpayer riches to the downtrodden and beleaguered middle and lower castes of folks has caused not a little bit of consternation and dilution of bank balances, credit facilities, piggy banks, and coins found in couch seats.

Millions are lining up at food banks because they can't afford to eat properly, yet the idiotic Democrats and resistant Republicans insist upon hammering out their differences over months of tiresome news bites and plain old incompetence. All of it is making for very bad theater and stressing the economy closer to a breaking point.

Meanwhile, anybody with money or significant assets has been literally heading for the hills, bugging out, getting away from cities and out of harm's way, not so much from CV-19, but from the mass hysteria that has taken place over the past nine months. The number one way to stay safe from pandemics and people is to get out of Dodge, as it were, and number two is to turn off the television and its preaching of utter nonsense, lies, propaganda, and the occasional sporting event (attended by few fans, which is a shame, and unnecessary).

Stocks continue to be purchased with appropriate reckless abandon, as though the binge-buying will never end. Some larger hedge funds and investment houses have opted for crypto-currencies, now that Bitcoin has surged to record levels and looks like an asset - and a currency - that cannot be undermined, manipulated, or controlled by governments or other nefarious folks.

For those with the head for it, Alasdair Macleod's latest offering at goldmoney.com is entitled, The Next Dollar Problem Has Just Arrived, citing flight from dollar-demoninated assets heading straight into stocks, gold, silver, and, especially, cryptocurrencies, like Bitcoin, Etherium, and others.

It's all getting just a little bit too much to bear as most Americans are so weary of the CV-19-related news, dubious government mandates and scare tactics, they've almost forgotten that the presidential election is still being contested and that Joe Biden may actually not have won the November 3rd contest, which, incidentally, was extended b some states counting votes as late as a week or more later.

Congress will almost certainly pass a short-term funding measure on Friday to keep the government operational at least until Tuesday of next week, prompting the obvious question: Is this any way to run a country?

It's not, and the political class should be ashamed of themselves, though we all know they won't be. They think they're doing some kind of public service, delivering a Christmas miracle, like the vaccines that half the country won't take.

It's enough to make one sick. Oh, wait...

At the CLose, Thursday, December 17, 2020:
Dow: 30,303.37, +148.83 (+0.49%)
NASDAQ: 12,764.75, +106.56 (+0.84%)
S&P 500: 3,722.48, +21.31 (+0.58%)
NYSE: 14,516.73, +107.80 (+0.75%)

Congress Fiddles As America Burns; Fed Confirms QE Infinity; Bitcoin Rockets Higher

Legend has it that Roman Emperor Nero "fiddled while Rome burned."

While the story has largely been disproved (or debunked, in today's parlance), primarily because the viol class of instruments wasn't invented until the 11th century and the six-day fire that engulfed Rome occurred in 64 AD. Nero couldn't have been fiddling, but he almost certainly was diddling his lute.

Still, the story has survived the ravages of time, as testimony and warning of the wantonness and indifferent attitudes of kings and queens, monarchs, rulers, and tyrants. Those who hold power rarely embrace the cares of the common folk; more often than not, they labor relentlessly to thwart the will of the people and enslave their subjects.

So it is that humanity has evolved over the eons to reduce the self-centered interests of sociopathic governors and emperors, to spread it around in parliamentary fashion, to a select group of immoral heathens commonly referred to these days as politicians. Instead of one evil monster leading a nation to ruin, there are many charting the path of destruction, willingly unconcerned with the future other than their hold on power.

That's what we have in the US congress today. With few exceptions, congress consists of 100 senators and 435 members of the House of Representatives, a grand and glorious total of 535 "Neros" fiddling madly as the nation - literally and figuratively - burns. As if the looting and arson in cities across America this past summer wasn't enough destructive entertainment for the privileged class, they've continued their tortuous ways by tempting the citizenry with promises of "relief" and "stimulus."

They've played their twisted game since July at least, when Nancy Pelosi, Chuck Schumer and Treasury Secretary Steven Mnuchin held breathless negotiations over a second round of CV-19 relief, promising aid to the unemployed, the aged, families, businesses, and even many of their close friends and supporters.

To date, some six months later, they've produced nothing of the sort, and now, we are learning that there is likely to be further delays past the temporary Friday deadline, because, as we all know, the political class has to approve a spending bill by that date, as funding the continuation of their precious government fiefdom has taken precedence over providing even the smallest comfort to the ordinary citizen.

The New York Times, that beacon of everything suspicious about the marriage of media and government, reports that majority leader Mitch McConnell has told colleagues to plan on remaining in Washington into the weekend, delaying the highly-anticipated departure from their duties for a two-week holiday. Poor babies.

They've had months to put together a bill to help the American people, and yet, they still can't muster the where withall to spend money that they don't have on people they obviously don't respect. A pox on all of them and their houses. Happy Holidays, indeed.

While the feckless misanthropes in the Capitol building were dithering and whining Wednesday, the FOMC of the Federal Reserve (the private central bank that issues non-constitutional currency) ended their final meeting of the year with their usually-brief statement that included the usual boilerplate about inflation targeting at two percent and full employment, along with this gem:

...the Federal Reserve will continue to increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgage-backed securities by at least $40 billion per month until substantial further progress has been made toward the Committee's maximum employment and price stability goals.

In case one is unfamiliar with the Fed's twisted verbiage, Chairman Jerome Powell and his cohorts plan to continue quantitative easing (QE) - aka money printing - by buying up $80 billion a month in Treasury bills, notes, and bonds, and another $40 billion in mortgage-backed securities (MBS) ...forever, or, at least until such time as the world awakens to their massive counterfeiting scheme and rejects the US dollar as the world's reserve currency or as currency at all.

Such awakening may be already underway, as, on the same day that the congress delayed and the Fed assuaged markets with bounties and pallet-fulls of filthy lucre, the untethered cyrpto-currency known as Bitcoin rocketed to new all-time highs, absolutely screaming past the old level of $19,950, to as high as $23,776.94 overnight, showing no sign of relenting in its ascent.

The blockchain powered alternative currency is now being embraced by the titans of Wall Street. Investment houses and hedge fund managers are buying in as never before, boosting the value of the non-debt-based currency in the face of unrelenting global currency debasement. As long as the Fed and ECB continue their profligate ways, Bitcoin promises to attract more users, more investors, at higher and higher levels.

It's not so much that Bitcoin is rising in value, as the comparative currency, the US dollar, is losing all of its own. Intent on diluting the money supply, the central banks have embarked upon the end-game voyage to the eventual destruction of all fiat currencies, and it's happening with a swiftness toward a crashing upon the shoals of insolvency unseen until these past few days.

Currency destruction, be it by hyper-inflation, imploding deflation, or just plain mismanagement, usually takes years, decades. Well, the Fed's been at it for over 100 years. Since 1913, they've been the sole issuer of the currency that has lost 97% of its purchasing power and is now on a course to eviscerate the final three percent. The Fed has a running start and assistance from the federal government, which, despite their seeming unwillingness to craft bills to waste away the currency, will eventually find a way to blow all of it into a financial black hole.

As the dreadfully Kafkaesque year of 2020 comes crashing to a close, 2021 promises more insanity in financial markets and Mad Max styling for the general society. There will be a banking crisis which will be characterized as a liquidity event but will, in reality, be one of solvency. Some, probably many, banks will fail. The Federal Reserve's balance sheet will enlarge to gargantuan proportions. They've already assured themselves of at least another $1.44 trillion ballooning via their QE measures, and that certainly will not be enough to stem the onslaught of fiat debauchery. They only know how to print and print more. They have no other plan. The end is in sight.

And, just in case anyone was unaware of how badly the economy is failing, another 885,000 people filed initial unemployment claims last week, up from a revised 862,000 during the prior week.

Merry Christmas? Happy Kwanza? C'mon, man, get with the new normal. The new fake president has promised to "Build Back Better," whatever that means. America, and, lest we forget, Europe, with their endless Brexit deliberations that will never be amicably resolved, are circling the economic drain, soon to be flushed.

Huzzah!

At the Close, Wednesday, December 16, 2020:
Dow: 30,154.54, -44.77 (-0.15%)
NASDAQ: 12,658.19, +63.13 (+0.50%)
S&P 500: 3,701.17, +6.55 (+0.18%)
NYSE: 14,408.94, +6.62 (+0.05%)

Stocks Rip Higher; Bitcoin at All-Time High; Gold, Silver On the Move

Getting the most out of scant headlines, stocks managed to take the rollout of the Pfizer vaccine (Monday) and the "progress" in congress toward a COVID-19 relief or stimulus bill (actually, little to no progress) as exceptionally good news, enough to push stocks higher Tuesday after a forgettable prior week which saw all of the major indices in decline.

The good news for investors in equities was that the one-percent-and-change advances put all the averages close to record closing high levels. What may be troubling to some of these stock market perma-bulls is that silver, gold, and Bitcoin - all alternative currencies to the falling US dollar standard and all of which have out-performed all the major averages except the NASDAQ - were also on the move, posting solid gains, poised to go even higher.

After the New York close and overnight, gold, silver and Bitcoin all added to their Tuesday wins as stock futures searched for headlines with which to goose stock futures toward a positive open.

Taking nothing away from the tried and true investing karma of holding bits and pieces of publicly-traded companies, mutual funds, ETFs or even whole index funds, it's valuation and counter-party risk that may eventually chink the armor of traditional investment schemes. P/E ratios of some individual stocks are at what some regard as nose-bleed levels. Simply put, with an economy running on CV-19 vaccine vapors, hope for a smooth transition of power in Washington (good luck with that one!), a masked, stressed, and nutrion-deprived populace, and a media narrative reliant on lies, half-truths and censorship of factual information, investors in just about any asset class have reason enough to be a little bit cautious.

It's not like stocks other than tech companies like Facebook, Apple, Amazon, Google, and companies that have thrived under the lockdown scenario like UPS, Fedex, Target, and Wal-Mart have not performed well in 2020. The concern is that the number of positive stock stories is dwarfed by the cataclysmic collapse of other whole sectors, like airlines, hospitality, retail, and energy, marking the upside rally since the end of summer a thin one, in that a few stocks have benefitted handsomely while the rest of the market has stagnated or fallen apart.

That scenario had been evident in the initial stages of the rally off March lows, but has moderated of late, with most-shorted stocks and riskier issues now picking up the slack in the advance-decline ratios, indicating that the breadth of the rally may be finding a healthy sweet spot. From a broad overview perspective, this looks good, as stocks should during what is usually one of the best months for overall market gains, December, but, as 2020 comes to a close, investors may be thinking about tax implications, though the January Effect (From 1928 through 2018, the S&P 500 rose 62% of the time in January (56 times out of 91)) may provide comfort for the wall-of-worry weary.

From a contrarian - gold bug, silver surfer, or coin hodler - perspective, what the stock market does in relation to the alternatives is paramount. While the NASDAQ has performed admirably, up more than 37% year-to-date, the Dow and S&P are pikers by comparison, up roughly five and 14 percent. Gold (+17%), silver (+33%) and Bitcoin, up a whopping 270% and still rising, appear to be on course to take top honors for 2020.

What the end of the year and 2021 bring for investors is all loaded in Santa's bag, largely dependent on confidence (or lack thereof), geo-political events, and conformity to the "new normal" foisted upon the planet by CV-19 and the "Great Reset" memes.

It's a real grab-bag of assets and asset classes competing over a three or four dimensional chessboard. Not all asset classes can gain or lose at the same time, though this coincidence happens more often than one would normally expect.

And, just like that, at 8:45 am ET, Bitcoin rocketed to a new all-time high at $20,420.00.

Hold onto your hats and buckle up those seatbelts. The final trading days of the year may be the most interesting of all.

Happy Holidays!

At the Close, Tuesday, December 15, 2020:
Dow: 30,199.31, +337.76 (+1.13)
NASDAQ: 12,595.06, +155.02 (+1.25%)
S&P 500: 3,694.62, +47.13 (+1.29%)
NYSE: 14,402.32, +187.39 (+1.32%)

Congress Rushing To Pass Stimulus and Spending Bills and Get Out of Town; Here's Hoping They Don't Return

Both houses of congress plan on leaving the Capitol for a two-week holiday by Friday and the American people should welcome their departure in hopes that they stay away longer. Sadly, both houses plan on being in back in session by January 3rd.

The feckless preeners who believe they actually have a grip on the country's well-being are set to take their annual Christmas and New Year vacation beginning Friday, December 18, though, as usual, they have plenty of unfinished business to complete before than.

First, they need to make sure there's a government to run when they return. Last week, they passed a short-term funding bill to keep the government operating for a week. The money from that measure runs out on Friday, so they're looking at another $1.4 trillion package that would keep the government in business for three or six months or until they need to go to the Fed to borrow more money they can't raise by taxing the citizenry (which, by the way, is largely broke and not in much of a mood to fund more government spending escapades).

Additionally, since they've been wallowing in their own self-adulation for the past six months over getting re-elected (most did, some did not), they've failed spectacularly on coming up with a second huge stimulus bill which was promised in August. Or September. Or October. OK, maybe November. Ah, it's December.

The current status is about the same as it's been for the past six months. They're getting closer. Maybe. While the price tag seems to be pretty much agreed upon at $908 billion, the latest scheme now features two bills, one that includes all the things the bickering sides (House Democrats and Senate Republicans) can agree on and another that features the two main sticking points: the Democrats favored aid to cities and states and the Republican push for a shield against pandemic liability for employers (purportedly only those with 500 or more employees). The smaller measure has a price tag of $160 billion.

The larger, $748 billion proposal, includes a jumbo pot of money for extended unemployment benefits (16 weeks at an additional $300 per week), $300 billion in small business relief, and $16 billion for coronavirus testing and vaccine distribution. The bipartisan bill also provides billions of dollars more in funding for emergency food assistance, education and bailouts for airlines, and money for Amtrak and public transit, which is odd since people have been told not to travel much during the holidays.

Altogether, the two bills throw more money the government doesn't have towards problems they are largely responsible for creating. Americans would likely be better off if the two sides continue bickering and get nothing accomplished (par for the course for the past 40 years), leave town and never return. At first blush, we'd save about $2.4 trillion and not be tortured by inane comments like Dick Durbin's:

"Weeks have passed, hours and hours of Zoom calls and we've reached this point. It feels good, it feels like legislating, it feels like why we were elected."

or, John Cornyn's:

"We’ve got to vote on this thing by Friday and get out of here."

What the latest iteration of stimulus spending leaves out is another round of checks to working class Americans. Neither bill contains a provision for $1200 checks, or $600 checks or even $12 checks. While congress picks winners and losers, they apparently feel justified putting ordinary citizens in the loser column. Well, thanks for showing us all what you really think of the people who vote for you.

Senators Bernie Sanders (I-VT) and Josh Hawley (R-MO) are pushing for $1200 checks to individuals, $2400 to married couples and $500 for each dependent. So too is President Trump, who has voiced a preference for the stimulus checks and could possibly veto any proposal that doesn't include direct spending on individuals. The president tweeted Monday that he would like to see direct checks of $2000.

Members of congress might have the 2/3rds majorities in both houses to override a veto, but nobody is really considering that possibility. After all, the pampered politicians might have to spend another day or two working on the "people's business" which they've neglected for the past six months.

These people seem to like feeling important. Their drama queen status is being furthered by their own deadline, predicated on taking a two-week vacation, the absolute height of haughty, self-indulgent, narcissistic behavior.

There's almost no chance that the assembled idiots won't get a stimulus bill and spending bill done in time to make their flights out of town to spend the holidays with their families while telling the rest of us to keep working until Christmas Eve and through the week before New Year's, and, by the way, don't celebrate with any more than six of your friends and family.

They have no shame, no principles, no integrity.

They've waited and waited and stalled, and posed, and strutted like horny roosters for months, done close to nothing and want everybody to notice their grand accomplishments which include a national debt approaching $27.5 trillion, a wrecked economy, rushed vaccines for a disease that does less harm than the seasonal flu, and most of them on the take from big pharma, big banks, big business in general, and big China.

The American people would largely be better off without them.

At the Close, Monday, December 14, 2020:
Dow: 29,861.55, -184.82 (-0.62%)
NASDAQ: 12,440.04, +62.17 (+0.50%)
S&P 500: 3,647.49, -15.97 (-0.44%)
NYSE: 14,214.93, -140.36 (-0.98%)

WEEKEND WRAP: Bitcoin Up 269.84% in 2020, Followed by NASDAQ (+37.95%), Silver (+32.87)

With Christmas just 12 days away, let's just forget everything bad that the year 2020 has wrought and focus on the good things happening in the United States of America. It's probably a good barometer for much of the rest of the world, as the Us is still the leading economy with one of the highest standards of living.

We're waiting...

More than 99% of the population that started 2020 alive and breathing, still are. The annual number of deaths in the US is right around 2.8 million with a death rate of roughly 850 deaths per 100,000 population. That's less than one percent, meaning that if you were alive on January 1, 2020, chances are very good you still are. With life expectancy in the US in 2020 at 78.93 years, a 0.08% increase from 2019, chances are you'll survive 2021 as well. People under the age of 60 have extraordinarily good odds and they increase the younger you are.

Huzzah!

Unemployment, as measured by the Labor Department, is currently 6.7%, which is probably not very accurate, but, for those enamored of cheery government numbers, it means that more than 93% of the people in the labor force are working and taking home a paycheck.

Yippie!

The price of oil held pretty steady at about $40/barrel of WTI crude, keeping gas prices in much of the United States under $2.00 per gallon, which is great news for anybody who has to drive anywhere, for any reason.

Hoorah!

Inflation has been low for years and was up just slightly in 2020. There are still bargains galore in all manner of consumer products if one knows where to look.

As far as investments are concerned, just about everything is up for 2020.

Here are numbers for the major indices, gold, silver, and bitcoin, and how much a $10,000 investment in each, made on December 31, 2019, would be worth today.

Item: 12/31/19 / 12/13/19 / % +/- / Per $10k

Dow: 28,538.44 / 30,046.37 / +5.28% / $10,528
NASDAQ: 8,972.60 / 12,377.87 / +37.95% / $13,795
S&P 500: 3,230.78 / 3,663.46 / +13.39% / $11,339
NYSE: 13,913.03 / 14,355.29 / +1.03% / $10,103
Gold (oz): 1,574.30 / 1,843.60 / +17.11 / $11,711
Silver (oz): 18.13 / 24.09 / +32.87 / $13,287
Bitcoin (US$): 7,165.62 / 19,335.94 / +269.84 / $36,984

Not a bad showing for some of the major assets, but the trend is clearly towards alternatives, with Bitcoin, silver, and gold holding the #1, #3, and #4 spots out of seven. NASDAQ's 37.95% gain is also a nod toward the future, as that index is loaded with speculative tech issues.

For the week, stocks were uniformly lower, with each of the major indices registering a loss. For the NYSE Composite, the decline broke a streak of five straight weeks on the plus side. The other major averages were up four of the prior five weeks before this week's minor washout.

Treasury yields were lower at the long end, with the 10-year note shedding seven basis points, from 0.97 to 0.90%, and the 30-year bond slipping 10 basis points from 1.73 to 1.63%.

Crude oil remained at an elevated level, with WTI crude advancing slightly, from $46.26 a barrel to $46.56 at Friday's close.

Precious metals were volatile but ended mostly flat, with gold ending the week of December 4 at $1840.00, and this Friday at $1843.60. In between, it hit a high of $1874.90. Silver closed at $24.25 on 12/4, advanced as high as $24.79, closing at $24.09.

Here are the most recent prices for commonly sold gold and silver items on eBay (numismatics excluded, shipping - often free - included):

Item: Low / High / Average / Median
1 oz silver coin: 28.00 / 39.00 / 33.07 / 32.53
1 oz silver bar: 29.95 / 37.50 / 33.94 / 33.65
1 oz gold coin: 1,928.95 / 2,011.14 / 1,972.40 / 1,982.94
1 oz gold bar: 1,935.18 / 1,959.94 / 1,947.09 / 1,946.52

Happy Holidays!

At the Close, Friday, December 11, 2020:
Dow: 30,046.37, +47.11 (+0.16%)
NASDAQ: 12,377.87, -27.94 (-0.23%)
S&P 500: 3,663.46, -4.64 (-0.13%)
NYSE: 14,355.29, -39.05 (-0.27%)

For the Week:
Dow: -171.89 (-0.57%)
NASDAQ: -86.36 (-0.69%)
S&P 500: -4.64 (-0.13%)
NYSE: -62.04 (-0.43%)

Joe Biden, Kamala Harris Time Magazine People of the Year; Markets Befuddled As Texas Lawsuit Proceeds At Supreme Court

Would it not be the irony of all ironies if the freshly-appointed Time magazine People of the Year (POTY), Joe Biden and Kamala Harris turned out not to be president and VP "elect" after all?

It might make the print edition something of a collector's item, notably bestowing a prestigious award on people who never get to see the inside of the White House other than on a tourist pass. It could easily happen that Texas prevails in the Supreme Court, and the presidency is rightfully awarded to President Trump for a second term of office.

On Thursday, six states - Missouri, Arkansas, Louisiana, Mississippi, South Carolina, and Utah - petitioned the court to join the suit as plaintiffs after 18 states filed amicus (friends of the court) briefs supporting the claims that Pennsylvania, Wisconsin, Michigan, and Georgia violated federal election laws and committed fraud in the 2020 presidential election.

Additionally, 106 Republican members of the House of Representatives signed onto another amicus brief in support of the Texas suit which the mainstream media variously is describing as a "long shot," "outrageous last ditch effort," "lame," and other predictably negative characterizations.

The media is "all in" on Joe Biden and Kamala Harris, even though the evidence - hundreds of affidavits and sworn testimony by poll watchers, whistleblowers, statisticians, and campaign workers - points to a concerted effort to defraud the American people, primarily through the use of mail-in ballots which were counted unsupervised, not required to have signature matches, and sometimes pre-printed with Biden as the selection, primarily in Atlanta, Philadelphia, Pittsburgh, Milwaukee, and Detroit, all Democrat strongholds which swung President Trump's commanding leads into defeat after halting their vote counting on the evening of November 3rd.

By November 4th, all of Trump's leads had vanished and Biden was ahead in each of the states named as defendants in the suit. The Supreme Court is hearing the case and has taken responses from the defendant states. A ruling could come at any time, but could possibly be issued over the weekend.

Coincidentally, President Trump will be attending the annual Army-Navy game at West Point, marking the first time the game has been held at either of the service academies since 1943. All of the top military brass will also be in attendance along with thousands of Navy midshipmen and Army cadets. Whether or not the game's location is significant or not will soon be known.

Naming Joe Biden and Kamala Harris as the people of the year is another attempt by the corrupt mainstream media of TV networks, the Washington Post, New York Times, LA Times and other "owned" and controlled news outlets to further their false narrative over how the election was won. Many more than 70 million Americans disagree, believing that the election was stolen.

On that ominous note, markets went into suspended animation on Thursday, vaccillating across the unchanged line in a fairly tight, unconvincing range. It appears as though investors were not pleased with the 853,000 initial unemployment claims filed the previous week and announced Thursday pre-open, the highest number since September.

Stock junkies are also focused on congress' failure to deliver another stimulus bill any time soon, the precarious nature of Brexit negotiations, and mixed signals from the FDA on the vaccine front.

With stocks in Asia and Europe (DAX down 1.5%, EuroStoxx 50 down over one percent) trending lower and US futures in the tank (Dow Futs -187, NASDAQ Futs -84), the set-up for Friday is less-than-encouraging and holiday shopping - being mostly online this season - looks to be a big negative as 2020 draws to a close.

There's no guarantee of anything substantive coming out of the Supreme Court or in the Brexit negotiations within a short time frame, but there's certainty that this week will end with more questions than answers.

At the Close, Thursday, December 11, 2020:
Dow: 29,999.26, -69.55 (-0.23%)
NASDAQ: 12,405.81, +66.86 (+0.54%)
S&P 500: 3,668.10, -4.72 (-0.13%)
NYSE: 14,394.34, +20.26 (+0.14%)

Facebook In Anti-Trust Crosshairs, Tech Stocks Dumped; Initial Jobless Numbers Jump: 853,000

Editor's Note: Near-total burnout from the fake news, real news, fake pandemic, fake election results, consistent badgering by leftists. Sorry for the short post and little commentary. Need some rest.

Another 853,000 Americans filed new unemployment claims last week as the SCAM-demic response crushes the economy.

Facebook faces anti-trust lawsuit. Tech stocks pummeled.

Texas sues Pennsylvania, Michigan, Wisconsin, Georgia in Supreme Court. 18 States file amicus briefs. Defendants response due Thursday, Dec. 10 by 3:00 pm ET.

Hunter Biden the focus of criminal investigation of tax fraud, money laundering, connection to China.

President to attend Army-Navy game at West Point.

It's all related.

At the Close, Wednesday, December 9, 2020:
Dow: 30,068.81, -105.07 (-0.35%)
NASDAQ: 12,338.95, -243.82 (-1.94%)
S&P 500: 3,672.82, -29.43 (-0.79%)
NYSE: 14,374.08, -28.09 (-0.20%)

COVID Vaccines Are Unnecessary; Ivermectin Is A Wonder Drug According to Milwaukee Doctor, Studies

The mainstream media will continue to lie to the American people and the world until people stand up to them and call them out.

They've been pushing the COVID-19 pandemic for 10 months and are now spouting off about the "second wave" rolling through the country. What the media and NIH (National Institutes of Health) do not want people to know is that there are preventive treatments that will render the COVID-19 virus null and void.

At a hearing before the Senate Homeland Security Committee on Tuesday, Dr. Pierre Kory, a respected physician at Aurora St. Luke's Medical Center in Milwaukee, told committee members in no uncertain terms:

"Mountains of data have emerged from many centers and countries around the world, showing the miraculous effectiveness of Ivermection. It basically obliterates transmission of this virus. If you take it, you will not get sick."

The truth cannot be told any more clearly than that. Stop the madness of lockdowns, stay-at-home orders, curfews, and economy-killing resolutions by power-mad governors. There are safe and effective methods of treating and preventing COVID-19 that fall well short of mass vaccination with vaccine medicines that are untested and of which the long-term effects are unknown.

Turn off the mainstream TV news, take off the masks of stupidity and slavery, and free yourself from the tyranny of controlled propaganda.

Who are you going to believe, this front line doctor who actually treats COVID patients and has done the research or the politically compromised Dr. Anthony Fauci who flaunts the use of masks and social distancing (which don't work, obviously) and untested vaccines?

At the Close, Tuesday, December 8, 2020:
Dow: 30,173.88, +104.09 (+0.35%)
NASDAQ: 12,582.77, +62.83 (+0.50%)
S&P 500: 3,702.25, +10.29 (+0.28%)
NYSE: 14,402.17, +47.20 (+0.33%)

Markets Concerned With Lockdowns, Cryptocurrencies, Solvency, Government Funding, Stimulus, NDAA, Election Fraud In Focus

Signs are emerging that something big is about to happen in politics, markets, and society. Things could get very shaky in coming days.

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%)

WEEKEND WRAP: Stocks, Gold, Silver, Oil Bid; Treasury Yields Spike; Fakery and Fraud Rampant

For equity investors, December began pretty much the same way November ended. Stocks continued to plow ahead into new ground based on hope of vaccines that may or may not be effective in dealing with the fake pandemic virus, CV-19. All of the major indices broke out to new all-time highs by the end of the week.

The massive gains in stocks while the Main Street economy withers and dies is beginning to appear overvalued, to say the least. Mainstream media's propaganda machine continues to hype the number of new cases and flaunt deaths as though almost all are caused by the "hidden killer" while new unemployment claims remain elevated week after week over 700,000, and November's non-farm payroll report was disappointing, with only 245,000 new jobs created, the worst showing since April.

Doug Noland breaks down the week in many words.

Treasuries were sold off as money bled over into stocks, with yields on the 10-year note and 30-year bond approaching levels of a month ago, but prior to that not seen since March. 10-year note yield gained 13 basis points and the 30-year, 16, to 0.97% and 1.73%, respectively, for the week.

Oil continued to be troubling, as WTI crude ended the week at it's high point: $46.09 per barrel. The price gain is largely attributable to OPEC and a group of Russia-led oil producers (aka OPEC+) agreeing to increase output by 500,000 barrels a day next month at their meeting which wrapped up Thursday.

Normally, production increases would cause prices to tumble, but this case was different, as the original plan was for an increase of two million barrels a day, beginning in March. WTI and Brent crude oil prices are up 21% and 22%, respectively, in the past month, but they're still about 25% lower than pre-pandemic levels. In the pretzel logic that is now all things financial, the smaller increase is seen as a positive for oil prices, anticipating stronger demand as vaccines are rolled out and lockdowns expire after the holidays.

Never mind that prices for fuel at the pump are approaching pre-pandemic levels. Nobody is supposed to notice the unique timing of price increases when more people are ignoring the recommendations of the CDC and various state governors, more proof that the economic system currently in play is designed to eviscerate the middle class through Chinese-water-torture-style slow-drip inflation.

Precious metals finally got bid up after weeks of declines. Gold ended last week at $1781.90, bottoming at $1775.70 on Monday to finish up Friday at $1840.00. Silver gained from $22.55 an ounce last Friday to 24.32 on December 4, also hitting a low on Monday at $22.53. The gains are widely being hailed as evidence of the end of the recent consolidation period which has prevailed since new highs were made in August: $29.26 for silver and $2069.40 for gold. Along with cryptocurrencies, with Bitcoin making new all-time highs ($19,870.03 Tuesday, December 1) before backing off slightly, appears to be setting up alternatives to the flailing and failing US dollar and other fiat currencies for significant increases in 2021.

The most recent prices for common gold and silver items on eBay are presented below (numismatics excluded, shipping - often free - included):

Item: Low / High / Average / Median

1 oz silver coin: 27.00 / 45.95 / 34.41 / 33.84
1 oz silver bar: 30.50 / 49.99 / 38.07 / 38.25
1 oz gold coin: 1,925.00 / 1,986.29 / 1,959.41 / 1,953.04
1 oz gold bar: 1,899.95 / 2,065.00 / 1,955.38 / 1,943.68

Useful Educational Links:

Catherine Austin Fitts on what the COVID vaccines really are.

Masks don't work. In fact, they may actually help spread viruses. See here.

Wearing a mask offers no benefit over not wearing a mask.

It's a hoax! In Germany, doctors and lawyers set up a formal German Corona Investigative Committee and they have declared that Covid is simply another flu (CDC data shows 99.9% survival rate for most age groups). German-American lawyer, Dr. Reiner Fuellmich, outlines the scientific fraud in the Covid PCR test, which was not designed for diagnostic purposes (it is a research tool), and the crimes against humanity in the tyrannical governmental response (lockdowns):

"Crimes Against Humanity": The German Corona Investigation.

Summary of some of the findings in "The PCR Pandemic":

It is: The biggest tort case ever and the greatest crime against humanity.

Those responsible must be: Criminally prosecuted for crimes against humanity and sued for civil damages.

Deaths: There is no excess mortality in any country, corona virus mortality equals seasonal flu, and doctors and hospitals worldwide were paid to declare deceased victims of Covid-19.

Autopsies showed: Fatalities almost all caused by serious pre-existing conditions, almost all deaths were very old people. US states with and without lockdowns have comparable disease and mortality.

Tests: Many scientists call this a PCR-test pandemic, not a corona pandemic. Very healthy and non-infectious people may test positive. Likelihood of false positives is 89-94% or near certainty. PCR tests are useless for the detection of infections. A positive PCR test does not mean an infection is present or that an intact virus has been found. Amplification of over 35 cycles is unreliable but WHO recommended 45 cycles.

Illegality: Corona measures have no sufficient factual or legal basis, are unconstitutional and must be repealed immediately. Mainstream media completely failed to report the true facts of the so-called pandemic.

Conspiracy: Politicians and mainstream media deliberately drove populations to panic.

The doctors from the German Corona Investigative Committee also put out a book with their findings, which also includes CDC data: Global Covid Report- There is no deadly pandemic.

Here’s an audio of top Canadian pathologist, Dr. Roger Hodkinson, Chairman of the Royal College of Physicians and Surgeons committee in Ottawa, telling the Canadian government: "There is utterly unfounded public hysteria driven by the media and politicians. It’s outrageous. This is the greatest hoax ever perpetrated on an unsuspected public… It should be thought of as nothing more than a bad flu season. It's politics playing medicine and that's a very dangerous game. There is no action needed. Masks are utterly useless. There is no evidence they are effective whatsoever. Paper masks and fabric masks are simply virtue signaling. It is utterly ridiculous seeing these uneducated people walking around like lemmings obeying without any evidence. Social distancing is also useless. Closures have had terrible consequence and everywhere should be open tomorrow. Positive testing results do NOT indicate clinical infection. It is simply driving public hysteria and ALL testing should STOP. Unless you are presenting to hospital with respiratory problems, it’s just another flu."

Dr. Sucharit Bhakdi, who wrote the book, "Corona: False Alarm?" also says this is a PCR pandemic rather than a true pandemic. "The more tests are performed, the more COVID-19 cases are found during the epidemic. This is the essence of a laboratory-created pandemic." Dr. Bhakdi says, "this virus is no more deadly than a seasonal flu and for people under 70, it is even less deadly than the seasonal flu.

Ex-Pfizer Chief Science Officer, Dr. Michael Yeadon says the second wave was faked with false positives from the PCR test and that the pandemic is over. From his twitter: "Look, I can’t be more direct. We can’t have a lethal pandemic sweeping the land, killing thousands of people & it NOT show up in the total mortality charts…It’s MISDIAGNOSES. Please wake up. It’s not even new. PCR false positive pseudo epidemics exist. We’ve got one. When in a pseudo epidemic everyone thinks it’s a real epidemic. But we don’t have extra deaths The fascinating thing about test related pseudo epidemics is that they vanish as soon as the aberrant test is halted. Nothing else changes because nothing else is happening." He noted this New York Times report as an example of a pseudo epidemic: false epidemic of whooping cough because of false positives from a PCR test.

Dr. Kaufman at Red Pill Expo exposing the Layers of FRAUD.

COVID-19 never isolated & Koch’s postulates not fulfilled.

There is No Covid and There is No Pandemic. There is only Deception and Tyranny.

Even CDC Now Admits No "Gold Standard" of COVID19 Virus Isolation.

The Covid-19 Pandemic, Does It Exist? The Truth is Being Obliterated. The Global Elite’s Campaign Against Humanity.

SARS-Cov-2 virus was never proved to exist: If you can’t prove a virus exists, how do you create a test to detect it? How can you claim the test reveals that people are infected with the virus?

---

Sample letter to send to the Supreme Court on election fraud (cut/paste, insert your credentials):

Your name
Your address
City, State Zip

DATE:___________

The Hon. Chief Justice John G. Roberts
The Supreme Court of the United States
One First Street N.E.
Washington, D.C. 20543

Your Honor:

You already know that numerous odd events of the 2020 Presidential Election are surfacing and taken together suggests our recent election was fraudulent and manipulated via Dominion voting machines. This deeply concerns me as an American citizen who values our Constitutional liberties.

President Trump appears to have uncovered A Worldwide Election FRAUD Issue with Dominion voting machines.

Dominion admits their machines can be connected to the internet. They can be remotely accessed to manipulate vote results and leave no evidence of tampering.

Nadeam Elshami, former chief of staff for Nancy Pelosi is a lobbyist for Dominion. Richard Blum, Senator Dianne Feinstein’s husband, is a major stockholder in Dominion. Even Joe Biden stated on October 24, 2020, "... we have put together ... the most extensive and inclusive voter fraud organization in the history of American politics." These revelations are disturbing to all Americans.

In Pennsylvania, 1.8 million mail-in ballots were sent out, and 2.5 million came back and were counted. This means that 700,000 fraudulent ballots were counted! And this is just one state. How many other states have similar ballot discrepancies? This needs to be investigated.

The constantly surfacing and accumulating fraud issues is compelling evidence for the Supreme Court to consider invalidating the entire election, and put the Electoral College on hold until these serious issues are investigated and resolved. If we cannot conduct free elections honestly, why bother voting at all?

Our freedoms and confidence in our government are now in serious jeopardy.

Supreme Court justices need to speak with one voice to proactively protect these freedoms.

Thank you for doing the right thing for all America. God Bless You and all Supreme Court Justices.

Sincerely,

(sign your name)

(print your name)

---

At the Close, Friday, December 4, 2020:
Dow: 30,218.26, +248.74 (+0.83%)
NASDAQ: 12,464.23, +87.05 (+0.70%)
S&P 500: 3,699.12, +32.40 (+0.88%)
NYSE: 14,417.33, +200.14 (+1.41%)

For the Week:
Dow: +307.49 (+1.03%)
NASDAQ: +258.39 (+2.12%)
S&P 500: +60.77 (+1.67%)
NYSE: +218.83 (+1.54%)

JOE BIDEN WILL NEVER BE PRESIDENT; EVIDENCE OF ELECTION FRAUD IS CLEAR AND GROWING

Without apologies...

This is a message for all those who think the presidential election was won - fair and square - by Joe Biden.

You're wrong. Dead wrong. And there's more than sufficient evidence to prove it.

The 2020 presidential election was not won by Joe Biden. As President Trump has been stating for weeks in no uncertain terms, he won it by A LOT. It's likely he received more votes than any candidate in the history of our great country. Joe Biden, aided by nefarious cohorts, cheated, massively and maliciously. His vote totals are a sham, a disgrace to freedom and the principles of democracy.

Void of conscience, guided only by hatred for President Trump and all that he stands for, the forces aligned against President Trump left their tracks of suspicion, their evil intentions, and their outright fraud everywhere. In Detroit, in Atlanta, in Milwaukee, in Minneapolis, in Phoenix, and in Las Vegas there exists hundreds of thousands of illicit voting ballots, changed votes, votes by dead people, by unregistered voters, and many votes added to Biden's totals that cannot even be matched to a name or a signature.

This will not stand.

Former New York mayor Rudy Giuliani has, since right after November 3rd, been waging a war against the forces of oppression, disunity, disharmony who sought to steal this election from President Donald J. Trump and the American people. He and those affiliated with him have filed lawsuits in all of the "battleground states" and, in hearings before state legislators and in the courts have produced sworn witnesses and affidavits alleging fraud and producing evidence of widespread election interference.

While the mainstream media continues to ply their cruel narrative boosting "president elect" Biden and consistently calling the efforts of those backing President Trump and calling this election for exactly what it is, fraudulent, "false," "untrue," or "unfounded." They continue to LIE OUTRIGHT TO THE AMERICAN PEOPLE that there is "no evidence" when, in fact, there are mountains of evidence all pointing to a coordinated, nationwide effort to disrupt and distort the election process for their own ill desires and commit the most massive fraud against the citizens of America.

This will not stand.

At this time, as the evidence rises to a level that becomes so vital, so obvious, and so relevant that no honest arbiter of justice can deny, court cases are making their ways to the Supreme Court, recounts and audits are being proposed in many states, and state legislatures are considering their options as concerns the electoral college.

Those who stand for Biden and those who aided and abetted these criminal acts will be net with justice. That will come later. First, the country must come to an understanding of who honestly won this election and the verdict will be unanimous: President Trump won the 2020 election in a landslide.

Mainstream media and the Democrat party - many of whom have been oddly silent during these trying days - must admit to the fraud, to the ballot harvesting, vote stealing, production of illegal ballots, and the rest of the criminal acts and illegal efforts made to steal this election. Should they not, and should they and Joe Biden not concede, then the justice meted out upon them should be swift and of the harshest variety. The perpetrators of this unbelievable fraud must be found out or come forward and admit their devious acts. The sooner the better, for them and for the country.

This will not stand.

The promise of America has always been freedom, liberty, honesty, justice, and order. Those who sought to overthrow our principles, to thwart justice and legal process, to distort the truth, and to commit unspeakable, indefensible crimes WILL BE FOUND OUT. There are tens of millions of patriots in this country who are not pleased, who are angry, who are waiting for this to be made right. If it is not made right, and soon, their fury will be released upon those who oppose America and patriotic Americans, AND IT WILL NOT BE PRETTY.

They will find you. We will find you. And we will deal with you.

Finally, here are two songs which are favorites of mine, as they reflect upon what is America and for what America stands. If these songs don't move you, don't make you PROUD to be an American, and stand for truth and justice, then GET OUT or get out of the way, and stop making the rest of us hate you.

In my name and in the name of my father, Nicholas C. Gagliano, who, along with his generational brethren, fought to secure our freedoms in World War Two, I swear today, This will not stand. Sic semper tyrannis. God bless America.

Richard A. Gagliano
Publisher, Editor, Downtown Magazine / Money Daily, American Patriot

Editor's Note: This is my true statement, made without coercion or promise of reward. I encourage everyone who agrees with the tenor and thrust of this statement to write their own similar message or copy mine and post it on social media, send it as letters to editors of newspapers or TV stations, and encourage others to do the same. We cannot allow this travesty to stand and the will of the people to be subverted. We must be united in our voice and strong in our conviction. We must overwhelm social media and then, the mainstream media, both of which have conspired against the good will of the American people. Be strong. Do not be afraid. We will win. Thank you.

---

US Labor department reports non-farm payroll gain of 245,000 jobs in November, the smallest in seven months. We need to take our country back.

At the close, Thursday, December 3, 2020:
Dow: 29,969.52, +85.73 (+0.29%)
NASDAQ: 12,377.18, +27.82 (+0.23%)
S&P 500: 3,666.72, -2.29 (-0.06%)
NYSE: 14,217.18, +28.94 (+0.20%)

Will Hump Day (Wednesday) Morph Into Dump Day or Trump Day (Thursday)?

Taking a step out into the void:

In numerological terms, Wednesday, December 2, 2020 reduces to 9.
12/2/2020 1+2+2+2+2=9

So, Thursday, December 3, 2020 will reduced to a 1.
12/03/2020, 1+2+3+2+2=10, or 1.

What's the point of conjuring up numerology at this juncture? Well, it's probably as good as any other theory or set of data one wishes to throw around to explain the workings of the universe, the stock market, human behavior, or any future event. In this case, numerology is only being tasked with predicting the difference in investor preference from one day to the next.

Some people use charts, others, tea leaves, crystal balls, modeling, polls (after the last two presidential elections, we know how inaccurate those can be), computer algorithms, huge data sets, star charts, coin flipping and other devices to predict future events. None of them are foolproof. Most of them fail most of the time. The future rests largely on a roll of the dice, a flip of a coin. Nothing subject to human interaction is ever 100%.

Numerologists regard the Number 9 to represent great mental and spiritual realizations. It is the number of the initiation, because it marks the end of a phase of spiritual development and the beginning of another higher stage, as shown above, the next number being 10, or, in numerological applications, the number one, 1.

This is probably a good place to point out that numerology may not be as crackpot methodology as some may think it is. The practice of using numerological charting was developed by Pythagoras, the same mathemtician who gave the world the famous and useful Pythagorean Theorum and many other discoveries in the world of mathematics.

As far as Wednesday is concerned, markets appeared dull. Stocks barely budged, as if coming to the end of a sequence of events. Precious metals moved slightly. Gold was up $15. Silver gained seven cents. Even Bitcoin and other cryptocurrencies mostly just bumped along.

But, after markets had closed, here cam President Trump, outlining, in a 46-minute video, some of the extensive evidence of election fraud that had taken place before, during, and after November 3rd. Calling it possibly the "most important speech I’ve ever made,” the president laid out his case to overturn the results that the media has been clinging to, that Joe Biden - a candidate with obvious mental health issues who barely campaigned at all - somehow beat President Trump, and did so by amassing more votes than any other presidential candidate in history.

The evidence the president presented is compelling. The sources gave testimony or provided affidavits under penalty of perjury, so they should be regarded as truthful and honest.

The full video is presented below.

The obviousness of the fraud is plain to see. Getting a court to look into the hard evidence that Rudy Giuliani and his team has uncovered has been difficult, though progress is being made. Getting the mainstream media to report facts honestly has become next to impossible.

So, did the president's actions amount to a "changing" as Wednesday slipped over to Thursday, and nine became one? We may never know, but, there may be indications that the "one" has arrived.

Unlikeness, independence, and unity are the meanings of the number 1 in numerology. People with this number have great leadership abilities, are independent and individualistic. That seems to fit Trump nicely. Nobody can attest that he's not unique, different, bold. And his speech Wednesday night may lead directly into the promise of a new cycle of truth as he tries to unite the country.

We shall see.

As for stocks, bonds, gold, cryptos, and other financial instruments, they can't be much more moribund than they were on Wednesday, so Thursday may well indeed be the beginning of a new investing epoch. It wouldn't be a surprise. The year is closing quickly. Investors are making decisions whether to buy, sell, hold, for tax purposes and year-end reporting.

One need not get carried away with predictions and prognostications of future events. It's easier to live in the present and let the past be a guide. Considering the madness that the year 2020 has brought, however, it may be advisable to accept any help that is offered to see though to 2021.

Quote for today: "If you don’t value your time, neither will others. Stop giving away your time and talents. Value what you know & start charging for it." -- Kim Garst

At the Close, Wednesday, December 2, 2020:
Dow: 29,883.79, +59.87 (+0.20%)
NASDAQ: 12,349.37, -5.74 (-0.05%)
S&P 500: 3,669.01, +6.56 (+0.18%)
NYSE: 14,188.24, +41.60 (+0.29%)

CORRECTION: Bill Gates to appear on NBC Today Show Thursday, 12/03/2020

Yesterday, Money Daily stated that Bill Gates, founder of Microsoft and proponent of "vaccines for everybody" was to appear on the NBC "Today" show.

That was, unfortunately, in error. We believe Mr. Gates was scheduled to appear, but was somehow bumped or delayed.

He will be - as promoted by NBC itself - appearing on the "Today" show today, Thursday, December 3, 2020. The "Today" show airs every weekday, beginning at 7:00 am ET.

Money Daily regrets the error.

Stocks Bounce, Gold, Silver Gain, Bitcoin Volatile; Asset Classes Lesson One: Determining Asset Classes

Some of the prime axioms of the investing world include:

"If you don't hold it, you don't own it." -- applies to gold, silver, or physical assets

"Renting is throwing money away." - applies to housing, real estate

"A penny saved is a penny earned." - Ben Franklin

By the way, on that last famous quote by one of America's great Founding Fathers, Ben Franklin also said, "An investment in knowledge pays the best interest," which is a timeless thought.

There are more, as illustrated here, and here, the point being that while there may possibly not be any endless truths, there are some adages that pass the test of time with flying colors.

Why is this important? Could it possibly be because living today is measured in nanoseconds, the value of human life has been so greatly diminished, currency masquerades as money, or everything seems to be measured in terms of wealth? Probably all of those and more.

Young and old alike have lost respect for things that matter most. Good manners, pfft. Morals, see ya. Concepts like integrity, honesty, reliability, respect, and dignity seem to have vanished from our modern lexicon. Coolness is valued over intelligence. What we own, owns us. Our media has failed us. Government has betrayed us. Institutions of higher eduction have impoverished us.

As the world slides ever closer to totalitarian tyranny with every passing day, there are resistors and skeptics, those who seek to avoid the path of hate and derision, of a world ruled by the loudest voice, the most devious mind. Some people - and there are a lot of them - just want to be left alone. They don't want everything they do, or say, or touch, to be a political statement. They wish to live on equal terms with their neighbors, in peace, harmony, and shared values. Call them old-fashioned or stuck in the mud. They just happen to like things the way they used to be, and one can hardly blame them.

Whether those who resist will be dragged into the present or the uncertain future remains a speculation. What matters is how well one is able to navigate today, tomorrow and beyond in a world that seems to be spinning out of control, and to do that, one has to have priorities, assets that will retain value, and investments which will grow, provide income and stability.

In this series of articles over the coming days and weeks, Money Daily seeks to explore and examine the various asset classes, identify some new ones, and suggest which will work best in the so-called "New Normal." As a basic premise, the idea that owning stocks or bonds or real estate or any single asset class is thrown out the window. A mix of not just stocks, which Wall Street insists is the only game in town, but of a variety of asset classes is the key to survival and prosperity, as it has likely been for eons.

Let's start with a look at what are the major asset classes, just by enumerating them, bearing in mind that not all assets are financial assets, but all assets have value, and owning a rich mix of asset classes is key to wealth, happiness, and hopefully, prosperity. (Bear in mind that your financial advisor or "investment professional" isn't going to cover even half of this list, which is entirely the product of years of research, study, and investing by Money Daily publisher and editor, Rick Gagliano.)

In no particular order, asset classes are as follows:

Cash (currency in circulation)

Cash equivalents

Precious metals

Alternate currencies (cryptos, such as Bitcoin)

Stocks (equities)

Bonds (fixed income)

Derivatives: Futures, Options, Mutual Funds, ETFs, etc.

Commodities

Real Estate

Income-producing machinery

Business investments

Art

Collectibles and Rarities

Transportation

Energy

Security

Time

Food

Water

Community

Goods and Services for Barter

Household necessities

Intellectual property

Marketable, Tradable skills

...and a few more that are either not yet definable or discovered.

This is by no means a complete list, though it is fairly exhaustive. There's more to the world of which we know and don't know to discover. The best assets may not even be on anyone's list as they've yet to be discovered. Keeping an open mind that's attuned to discovery and innovation is a paramount tenet of any investor's skill set.

Let us leave it right there for now. More details will follow in upcoming chapters.

Here's a couple more quotes for the day:

Rich people have small TVs and big libraries, and poor people have small libraries and big TVs. -- Zig Ziglar (If you don't know who Zig Ziglar was, you've missed out on much. Here's a taste...)

Never spend your money before you have it. -- Thomas Jefferson (It is not surprising that Jefferson was greatly opposed to the concept of a central bank.)

• • • • • • • •

Tuesday's trading day might best be defined as cautiously speculative. Monday's selloff in stocks and precious metals was met with pre-market confidence in futures which carried over into the equity cash session. Stocks were up sharply at the open, stayed afloat, but lost ground early, especially after a group of "moderate" Republicans and Democrats released the contents of a fresh COVID stimulus bill that was poorly crafted, politically inspired, pandering to special interests and out of touch with economic realities.

The Dow, which had rallied more than 400 points in early trading, eventually gave back more than half of those gains by the closing bell. The promise of close to a trillion dollars ($908 billion), sponsored by Joe Manchin (D-WV), Mark Warner (D-VA), as well as Bill Cassidy (R-LA), Mitt Romney (R-UT) and Susan Collins (R-ME), and Lisa Murkowski (R-AK) missed the mark badly in Wall Street terms.

The bulk of the money went to mostly non-Covid-related issues. $160 billion was earmarked for aid to state and local governments, $82 billion for education funding, $45 billion for transportation agencies (AMTRAK). A $300 weekly unemployment boost was included, but the bill left out another round of checks to Americans, an enormous failing.

Treasury yields exploded higher as money fled fixed income. Yields on the 10-year note and 30-year bond rose eight basis points, to 0.92% and 1.66%, respectively.

Gold and silver rallied sharply and held onto gains after weeks of relentless price-crushing attacks in futures markets. Bitcoin and other cryptocurrencies gyrated wildly, but continued a sustained long-term rally.

Fake News Viewing note: Vaccine pusher, Bill Gates, is scheduled to appear on NBC's "Today" show, 7:00 am ET.

At the Close, Tuesday, December 1, 2020:
Dow: 29,823.92, +185.32 (+0.63%)
NASDAQ: 12,355.11, +156.41 (+1.28%)
S&P 500: 3,662.45, +40.82 (+1.13%)
NYSE: 14,146.64, +140.14 (+1.00%)

How Long Can This Continue? America, Europe On Brink of Disaster

It's December 1st, roughly 10 months since the dreaded China virus began to spread throughout Wuhan province in China, eventually making its way around the world.

America and Europe have been dealing with the virus since March, and so far, there hasn't been any progress, except for globalists who seek to destroy Western economies. They've actually done quite well, forcing lockdowns on citizens and mask-wearing by hundreds of millions deluded by false claims and over-the-top media coverage and government interventions.

CV-19, which has been proven to be about as deadly as the ordinary seasonal flu - and maybe even less so - has been employed to bludgeon small business and individuals into submission, bankruptcy, even death. The media lies are one-sided and cover up the truth: PCR Tests Are Proven to Result in False Positives 97% of the Time.

In the United States, evidence of fraud continues to proliferate, even as social media censors the news, and the mainstream media continues its false narrative of "President-Elect" Biden and Trump's team losing every case in every court. At some point, it becomes obvious that not only was a massive fraud perpetrated against the American public, but state legislatures, secretaries of state, and governors are actively covering it up, sending electors for Biden to Washington, DC, to be certified within days.

The entire populations of Europe and the United States are at a breaking point and little is being done to prevent further crushing of local economies and elevation to the highest elected position in the country of a known influence-peddler, grifter, thief, via a stolen election.

But, stocks keep racing higher, gold and silver beaten down on a regular, daily basis.

Morgan Stanley issues upgrades and downgrades to bank stocks.

The world is perilously close to a breaking point. It's difficult to comprehend how quickly individual rights have been stripped away and how close most of the developed world is to totalitarian overthrow.

Big government is in bed with big media, big business, big pharma. Do they not realize that by purposely draining all resources from the public they will eventually find nothing left to feed upon?

There's probably less than two to three months before the entire planet is in the throes of an economic and social catastrophe that will make the Great Depression seem quaint and mild by comparison.

At the Close, Monday, November 30, 2020:
Dow: 29,638.64, -271.73 (-0.91%)
NASDAQ: 12,198.74, -7.11 (-0.06%)
S&P 500: 3,621.63, -16.72 (-0.46%)
NYSE: 14,006.46, -192.03 (-1.35%)