Today, this is what the Fox Host Varney endorsed: Another Bailout-
of today's Stock Market losses under Trump:
I find it interesting that giant corporations who have made many $ billions in profit and rec'd huge tax cuts used their profits to pay themselves bonuses and stock buybacks. But they'll be the governments first priority for another taxpayer bailout.
This will likely be another example of privatizing the profits, and socializing the losses.
(not speaking of the employees who are the only ones who truly get the brunt of it - and wiped out): The employees who will be laid off or sent home won't be getting any such handouts.
I think I may have mentioned in a previous post, quoting Lynette Zang of ITM Trading or Dave of X22Report, that the current bailouts are not meant to aid big corporations as the bailouts of Bush and especially Obama did. Instead, the trilliion and a half are to be allocated to benefit the people.
From Fox News this morning: The White House is seeking $850 Billion stimulus package mostly in the form of tax relief eliminating payroll taxes. That means you won't have withholding deducted out of your paycheck. Of the stimulus, $50 billion is earmarked for the struggling airline industry.
Dropping the interest rates down to 0-0.25% cuts off the flow of money to the Fed, and what happens to the Fed happens to all Central Banks worldwide. In other words, the banks won't be able to survive without your debt payments to them and consequently will go broke. Debt is the business the Central Banks are in. Debt is what keeps the little people enslaved to them.
There is speculation that there will be 10 days of darkness from April 1 to April 10 (Good Friday) during which there will be limited activity online (social media will be down). People will still have electricity, but they will most likely be sequestered at home. This is speculation; HOWEVER Sen. Ron Paul has authored a bill to push IRS filing date back 3 months from April 15 to July 15 to accommodate this 10 days of darkness. Also, Lynette Zang mentioned she'd heard the banks could close their doors for 2 weeks and recommends you have a stash of cash handy.
In his book, The Great Influenza: The Story of the Deadliest Pandemic in History (c) 2004, 2005, John M. Barry says this about the pandemic of 1918,
"The final lesson of 1918, a simple one yet one most difficult to execute, is that...those in authority must retain the public's trust. The way to do that is to distort nothing, to put the best face on nothing, to try to manipulate no one. Lincoln said that first, and best. A leader must make whatever horror exists concrete. Only then will people be able to break it apart."
Coronavirus - What I'm learning now is that the virus was designed in the US as a bioweapon but was modified before that version spread far and wide, and that it's current modification is more cold like. Here's the stats per my count at 1:15 AM this morning.
Deaths worldwide:7,154
Recovered worldwide:79,433
Deaths USA: 82
Data sources: WHO, CDC, ECDC, NHC and DXY https://gisanddata.maps.arcgis.com/a...23467b48e9ecf6
Recovered worldwide:79,433
Deaths USA: 82
Data sources: WHO, CDC, ECDC, NHC and DXY https://gisanddata.maps.arcgis.com/a...23467b48e9ecf6
Another thing I've heard or read is that military personnel will not be allowed to travel within the US. I'm like, What? I think this means they're already in place for whatever is to come. I've heard or read reference to medical martial law. In other words they want you home safe so they can root out those unsavory types - drug cartels, child traffickers, gun runners, money launderers and their ilk. We'll see.
I started today's post to address predictions for the gold market. Simply put: The gold cartel is doomed.
Biggest Move in History Coming for Gold and Silver. https://usawatchdog.com/biggest-move-in-history-coming-soon-for-gold-silver-bill-murphy/
Bill Murphy, Chairman of the Gold Anti-Trust Action Committee (GATA), says don’t worry about the recent price drop forced on the markets by the gold cartel with naked short selling. It’s not going to keep prices down for long. Murphy contends, “We have been trying to expose what this gold cartel has been doing. The bullion banks, the Fed, the Treasury, the Bank for International Settlement (BIS) and what they have done is to suppress the price.
Gold dipped low overnight, but it's holding currently at $1,503, up from $1,493 a bit ago, and Silver at $12,67, up from $12.55. https://www.sprottmoney.com/ (Select USD) (be sure to refresh)Bill Murphy, Chairman of the Gold Anti-Trust Action Committee (GATA), says don’t worry about the recent price drop forced on the markets by the gold cartel with naked short selling. It’s not going to keep prices down for long. Murphy contends, “We have been trying to expose what this gold cartel has been doing. The bullion banks, the Fed, the Treasury, the Bank for International Settlement (BIS) and what they have done is to suppress the price.
DOW opened in the red around 20,188 then gained about 200 points and lost it: 19,983.94-204.58 (-1.01%). It's currently at 20,297.03. https://finance.yahoo.com/quote/%5EDJI?p=^DJI