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Covid Is Toppling America’s “Points of Failure” Dominoes

This article was originally published by Charles Hugh Smith at Of Two Minds Blog.

Sorry Fed, it’s too late. The dominoes are already toppling, and every point of failure is being exploited by the catalyzing effects of Covid.

America’s many points of failureleverage points where a break brings down the entire system–are falling like dominoes, a process catalyzed by Covid. These systemic points of failure have been masked for the past 20 years by the widespread distribution of trillions of dollars, either printed or borrowed.

There’s no point of failure that can’t be glued together or covered up a bit longer with fountains of cash. That’s the American way of solving problems: just throw more money at it.

Unfortunately for America, substituting borrowed trillions for real problem-solving generates its own set of problems, problems that increase the system’s vulnerability to collapse. Healthcare / sick care is a leading example of this: as the corruption, pay-to-play, and profiteering deepened, the federal government’s endless borrowed trillions boosted healthcare / sick care from 5% of the nation’s economy to roughly 20% today.

Covid Is Revealing the Cancerous Underbelly of U.S. Healthcare.

As I’ve noted for a decade, this has created an enormous fragility: healthcare is now so immense that it will bankrupt the nation all by itself. (see charts below) Once the corrupt, pay-to-play, profiteering sectors such as healthcare and banking become “too big to fail,” then the Federal Reserve and Treasury are obliged to bail them out or continue funding their spiraling-out-of-control demands.

Speaking of “too big to fail,” look at the voracious monster the Fed’s endless monetary goosing has incentivized–a financial system addicted to Fed “free money,” soaring debt, accelerating leverage, and near-infinite speculation.

Given that the Fed has effectively promised to backstop all of Wall Street’s bets, bailout every major player and never let the stock market falter for longer than three weeks, the Fed has created this incentive structure: there is no risk at all in borrowing billions, leveraging it into tens of billions and then dumping these multiplying billions into the most speculative bets available.

And so that’s what every fund manager, hedge funder, punter, gambler, and guru has done, and been richly rewarded for doing so.

There’s just one tiny little second-order consequence of the Fed’s incentivizing debt, leverage and speculation: wealth and income inequality have reached such extremes that they’ve unraveled the social order. Social cohesion: gone. The social contract: shredded. Social disorder: in the first inning of a very long game.

Now the Fed is backtracking while it laughingly claims its policies didn’t have anything to do with America’s skyrocketing wealth/income inequality. That the Fed is well aware of the destructive consequences of its endless quantitative easing is evidenced by their recent proposals (FedNow) to start sending “free money” directly to households via a new system of household accounts at the Fed. (Look for an initial rollout by 2022.)

Sorry Fed, it’s too late. The dominoes are already toppling, and every point of failure is being exploited by the catalyzing effects of Covid, either first-order or second-order effects. Every weak point–corruption, incompetence, bureaucratic sclerosis, self-serving insiders, counterproductive complexity, regulatory thickets, clinging to the past, and most especially doing more of what’s failed spectacularly–will give way, bringing down existing systems with a momentum that will surprise all those who thought every system in America was rock-solid and forever.

Two words will define 2021: acceleration and amplitude. The catalyzing effects will accelerate throughout all the interconnected systems like wildfire and the consequences will move rapidly from linear (predictable) to non-linear (geometric, unpredictable) as each weakness is amplified by the self-reinforcing dynamics unleashed as every point of failure triggers another failure in a connected system.

If you still believe that America’s systemic points of failure are endlessly sustainable, please study these four charts and extend the trendlines.

If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via patreon.com.

The post Covid Is Toppling America’s “Points of Failure” Dominoes first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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There Is A Solution To Big Tech Censorship – But No Politician Will Touch It

This article was originally published by Brandon Smith at Alt-Market.us. 

The issue of censorship by major tech companies is a precarious one, and I’m becoming increasingly suspicious of the nature of the debate. There are some complexities, but it can all be boiled down to this:

Big tech social media conglomerates argue that their websites are like any other private business and that they are protected from overt government interference by the US constitution. In other words, they have a right to platform or de-platform anyone they choose. Of course, this is the exact OPPOSITE of what most leftist groups have argued in the past when it comes to private businesses refusing to cooperate with people they disagree with on basic principle, such as LGBT activists, but let’s set that hypocrisy aside for now.

Social media companies have decided that the people they want to de-platform most are conservatives, along with anyone else who disagrees with hard-left ideologies such as social justice or the handling of the pandemic situation. Statements or content that run contrary to leftist philosophies are simply labeled “hate speech” or “conspiracy theory” and are erased.

Conservatives argue that big tech is a monopoly with far too much power, that social media should be treated more like a public resource or “town square” and that these companies are violating the free speech rights of conservatives by specifically targeting them for censorship. Many conservatives are also demanding that Donald Trump and the government step in to regulate or punish such companies for these actions.

The truth is that both sides are right, and both sides are wrong. The real solution to the problem requires a radical change in how we view the institution of corporations and how they interact with government, and it’s a solution I doubt ANY political official will consider, and that includes Trump.

Let me explain…

Social media and big tech do in fact represent a monopoly, but not in terms most people are familiar with. Instead of acting only as an economic monopoly controlling market share, big tech is also a political monopoly controlling the majority of communication platforms. If only one political and social ideological group dominates every major social media and digital information outlet, this in my view represents a completely unbalanced power dynamic that does indeed threaten the free speech rights of the populace.

Rabid censorship of the Hunter Biden laptop scandal, a scandal that is supported by facts and evidence that big tech has chosen to bury because it’s inconvenient to them rather than a violation of their community guidelines, is just one more example of the incredible danger that social media monopolies present.

Obviously, there is the issue of private property rights to consider. I fully support and defend private property rights and I do believe that a business has the freedom to refuse service to anyone for any reason. Just because you open your doors to the public does not mean the public now owns your labor. You should have the right to refuse labor whenever you wish.

If a business refuses a customer based merely on personal bias, then word is going to get around quickly and that business may lose a large number of potential buyers in the future (this is happening right now with multiple alternative social media companies on the rise). The free market should determine the fate of that business, not state or federal governments.

Government itself is an untrustworthy entity that craves a monopoly of power, and by handing government the authority to micromanage the policies and internal practices of web companies we might be trading the big tech monster for an even more dangerous governmental monster.

Who is to say that the government will stop with sites like Facebook or Twitter or Google? Maybe they will exploit their newfound powers to go after smaller websites as well. Maybe they will attempt to micromanage the entire internet. Maybe they will start dominating and restricting conservative websites instead of the leftist conglomerates we intended, and then we will be doubly screwed.

If you value freedom and the Bill of Rights, then this debate leaves us at an impasse. Both sides (perhaps conveniently) lead to a totalitarian outcome. The thing is, the publicly presented argument is a contrived one, a manipulated discussion that only presents two sides when there are more options to consider. The narrative is fixed, it is a farce.

The public has been led to believe that government and corporations are separate tools that can be used to keep each side in check. This is a lie. Big government and big corporations have always worked together while pretending to be disconnected, and this needs to stop if we are to ever defuse the political time bomb we now face.

To solve the social media censorship debacle we need to examine the very roots of corporations as entities. First, corporations as we know them today are a relatively new phenomenon. Adam Smith described the concept of a corporation as a “joint-stock company” in his treatise ‘The Wealth Of Nations’, and stood against them as a threat to free-market economics. He specifically outlined their history of monopoly and failure, and criticized their habit of avoiding responsibility for mistakes and crimes.

Joint-stock companies were chartered by governments and given special protections from risk, as well as protection from civil litigation (lawsuits). But, they were supposed to be temporary business entities, not perpetual business entities. The point was to allow for the creation of a joint-stock company to finish a particular job, such as building a railroad, and once the job was finished the company was dissolved and the government protections were no longer needed. Smith knew that if corporations were ever allowed to become permanent fixtures in an economy, they would result in disaster.

This is exactly what happened in 1886 when the Supreme Court allowed companies like Southern Pacific Railroad to use the 14th Amendment, which was supposed to protect the constitutional rights of newly freed slaves, as a loophole to declare corporations as “legal persons” with all the protections of an individual citizen. Not only that, but with limited liability, corporations actually became super-citizens with protections far beyond normal individuals. Corporations became the preeminent force in the world and it was their relationship with governments that made this possible.

This fact completely debunks today’s notion of what constitutes free markets. Corporations ARE NOT free market structures. They are, in fact, government-chartered and government-protected monopolies. They are SOCIALIST creations, not free-market creations, and therefore they should not exist in a free market society at all.

The alternative option to corporations was for businesses to form “partnerships”, which did not enjoy protection from government, limited liability or the ability to form monopolies. When the owners of a partnership committed a crime, they could be personally held liable for that crime. When a corporation commits a crime, only the company as a vaporous faceless entity can be punished. This is why it is very rare to see company CEOs face prosecution no matter how egregious and catastrophic their actions.

Today, certain corporations continue to enjoy government protections while also enjoying government welfare. Meaning, these companies get a legal shield while also basking in the advantage of tax incentives and taxpayer dollars.

For example, Google (Alphabet and YouTube) has long received huge tax breaks and is rarely if ever forced to pay in full for the massive bandwidth the company uses. In fact, YouTube was facing bandwidth affordability issues until it was purchased by Alphabet and Google, then it no longer had to worry about it – Google gets over 21 times more bandwidth than it actually pays for because of government intervention.

The same rules apply to companies like Twitter, Facebook, Netflix, Apple, etc. All of them enjoy extensive tax breaks as well as cheap bandwidth that makes it impossible for small and medium-sized businesses to compete, even if they operate on a superior model or have superior ideas. Many times the corporations pay no taxes whatsoever while smaller businesses are crippled by overt payments.

A truly free market requires competition as a rule, but the current system deliberately crushes the competition. Again, we live in a socialist framework, not a free market framework.

Now that we understand the nature of big tech and what these companies actually are (creations of government), the debate on social media censorship changes.

How? Take for example the fact that public universities in the US are not legally allowed to interfere with free speech rights because many of them survive by consuming taxpayer dollars. They are PUBLIC institutions, not private. Why then are we treating major corporations that survive on endless taxpayer infusions and incentives as if they are private businesses? They are not – They are publicly funded structures chartered by the government and therefore they should be subject to the same rules on free speech that universities are required to follow.

Said corporations will surely argue against this and will attempt to use legal chicanery to maintain their monopolies. Trying to dismantle them could take decades, and there are no guarantees that government officials will even make the attempt? Why would they? The relationship between government and corporations has been an advantageous one for establishment elites for decades.

Instead of challenging the corporate model in the Supreme Court, an easier option would be to simply take away all welfare and tax incentives for any big tech companies that refuse to allow free speech on their platforms. If Google had to pay normal price for the bandwidth it uses, the corporation would either implode or it would be forced to break apart into multiple smaller companies that would then compete with each other. More competition means lower prices for consumers along with better products. The threat of losing tax incentives would mean more large companies would refrain from censorship.

Donald Trump as president could conceivably make this happen, but he will not, and neither will any other political official. The partnership between government and corporations will continue, I believe because there are other agendas at play here. The establishment WANTS the public to argue in favor of tech totalitarianism on one side and in favor of government totalitarianism on the other side. They aren’t going to allow any other solutions to enter the discussion.

The only available strategy left for fighting back against big tech is to continue leaving their platforms and building our own. This will take many years to accomplish. The point is, there is a more permanent option, but it requires a complete deconstruction of the socialist government/corporate framework now in place. To confront the power dynamic between governments and major conglomerates is to confront one of the fundamental sources of corruption within our society, which is why it won’t be allowed. And when the system refuses to police itself, public upheaval becomes inevitable.

The post There Is A Solution To Big Tech Censorship – But No Politician Will Touch It first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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NOT AGAIN: Stocks In CORRECTION TIME!

This article was contributed by Portfolio Wealth Global.

Obviously, the Democrats have a VESTED INTEREST in making sure the Republicans get down ON THEIR KNEES before a stimulus package is approved since markets would be negatively impacted until it happens.

They want them to beg.

What’s going to happen in the next THREE WEEKS is that you’re going to see what going for all the marbles means!

All of the skeletons, dirty laundry, and smears possible will BE IMPLEMENTED.

Courtesy: Zerohedge.com

PortfolioWealthGlobal.com believes that you’re ABOUT TO SEE what’s called a RECESSION-FEAR sentiment kick in, since everyone has now BEEN CONVINCED that there’s no recession in sight, so any vaccine delay or SECOND WAVE of infections and hospitalization bumps will BE DETRIMENTAL — investors have made a killing since March, so there will also be profit-taking!

Here’s what we think is most important of all: there will BE VOLATILITY, maybe even for a few months, until the FINAL TALLY is determined and we have an officially confirmed president.

In our opinion, because of Covid-19, the economy is moving towards certain industries, which will get SUPER-STRONG. We actually will have a new report out; the PREVIOUS FOUR (2, 3, and 4) have been tremendous successes.

Do you know who cares most about equities? WEALTHY PEOPLE!

Do you know who cares about jobs? THE REST OF US!

Courtesy: Zerohedge.com

I want to tell you that the best thing you can do is find out how to take YOUR SKILLS and capitalize on them, since this recovery is going to offer plenty of opportunities.

The coronavirus has shown me how limited governments are at solving personalized issues. Everything is either comprehensive and broad-based and just inefficient.

So, what are my notes to you?

  1. If you’re STILL EMPLOYED, see what more you can do for your employer. Begin to get things done with HIGHER QUALITY and come up with ideas for improvement.

Go the extra mile so much that he thinks you’re A CHANGED MAN.

Think and then act as if the business is yours!

You’ll see results; in fact, you won’t believe the outcomes of a CHANGED ATTITUDE and approach.

  1. If you’re BETWEEN JOBS, capitalize on this flexibility. Look at things close by, but this might also be an opportunity to get creative, move to other areas of the country, change careers or work from home.

As much as possible, keep your OPTIONS OPEN.

  1. If everything is fine, KEEP AT IT!

The world has changed; live accordingly.

The post NOT AGAIN: Stocks In CORRECTION TIME! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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SICKO MODE: Most Will MISS OUT On MILLIONS!

This article was contributed by Tom Beck of Portfolio Wealth Global. 

Many may COMPLETELY HATE today’s content, but that’s because it’s BREAKTHROUGH NOTES about how the world’s best investors have missed out on the world’s most profitable companies of the PAST TWO DECADES. Since they sound very bearish and are warning about a bubble, they’ve become popular, but are they WRONG, nonetheless?

Technology is advancing SO QUICKLY that value investing as the art of buying companies trading at reasonable multiples of CURRENT EARNINGS is mostly a thing of the past. Today, the name of the game is DEEP THOUGHT into the future.

The generation of Warren Buffett obsessed about competitive advantages, which can ENDURE FOR DECADES, but today’s new companies can disrupt existing ways of delivering a product or servicing a customer in a matter of years, not decades. In 20 years, Amazon killed retail shopping. Netflix did away with video and I can give you COUNTLESS OTHER examples.

Changes are rapid and YOU MUST realize that there’s a NEW WAY of looking at companies, which is much more profitable than being TRAPPED INTO “VALUE.”

Courtesy: Zerohedge.com

As you can see, the algorithms aren’t ALL-IN and there are trillions in cash around the world.

The reason stocks are moving up is because businesses, using A.I., robotics and technologies, IN GENERAL, are creating so much wealth that the world is advancing SUPER-FAST.

The thing is that it’s really CONFUSING to traditional investors, since they’ve never encountered, IN THEIR CAREERS, so much revolutionary progress in one generation.

For example, I tried to watch a movie from the 1990’s yesterday and had to stop it AFTER FIVE MINUTES. It’s almost like you’re viewing a movie that has NO CREDIBILITY, since so much has happened in 30 years that the movie looks like it was made by first-graders.

If you’re sitting IN CASH MOSTLY, scared to the bone about the national debt, the outrageous social division and all of the other “problems” the human race is attempting to surmount, you’ll MISS OUT on millions of dollars in the next few years.

We’re in the most technologically-advanced times the human race has ever seen!

Courtesy: Zerohedge.com

Yes, the retail investors are GOING TO GET CREAMED, but there’s a trend beneath their crazy behavior; the UNDERLYING EVENT is a technological BREAKTHROUGH AGE!

Don’t wait.

Get into the game of understanding TECH INNOVATION; millions will be made.

The post SICKO MODE: Most Will MISS OUT On MILLIONS! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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THIS IS SICKENING!

This article was contributed by James Davis with Future Money Trends.

There’s much that Americans CAN’T AGREE ON, but one thing is for sure: when it comes to spending money that ISN’T THEIRS by creating more currency out of THIN AIR, most fall in line and share the view that MORE SHOULD COME!

Courtesy: Zerohedge.com

Do you understand that the markets are ACTUALLY RALLYING because things are bad?

Here’s the rationale: the economy is shrinking, unemployment rates are SKY-HIGH, the elections are coming, and politicians will treat EVERY DAY like it’s Christmas, so markets must go up.

In fact, August 2020 was the S&P 500’s BEST AUGUST in 26 years! The problem is that the Volatility Index is rising along with it in tandem. This ONLY OCCURS before big pullbacks.

This isn’t the only MARKET RARITY of August 2020. Along with the VIX rising with stocks, August saw the markets BEAT BONDS by the greatest amount in nine years!

Cash has simply been a POOR CHOICE for an investor since March; as you’ll see below, SILVER is the best-performing major asset in 2020:

Courtesy: Zerohedge.com

Silver’s beating gold, and even the NASDAQ 100 composite in August and throughout 2020.

The gold/silver ratio is now the lowest it’s been since MARCH 2017!

You’ll remember that we called the bottom on it when it hit 120:1, and WE’VE BEEN SO RIGHT. With the index now at 69:1, I expect the gap to close EVEN MORE.

The main reason for this rally is that the U.S. dollar has gone from OVERBOUGHT in March to NOT OVERBOUGHT today, but anyone who tells you that the dollar is losing its supremacy or that the world is LOSING FAITH in it is being premature or disingenuous.

For lack of an alternative right now, the dollar is still the king of fiat currencies.

As you can see above, since peaking on the 5th of August, gold has traded down and THEN FLAT, yet real rates have resumed their downtrend. They’ve gone back to -1.09%, which CAUSED GOLD to reach its all-time high, so I’m BULLISH AGAIN!

In fact, I’m constructing a WELL-DIVERSIFIED gold, silver, and base metal stock portfolio, which I’ll publish NEXT WEEK.

In our company’s history, we’ve never done anything QUITE LIKE THIS.

The portfolio will be in the form of a special PDF report and the aim is to give you a POINT OF REFERENCE so you can conduct your own due diligence.

Courtesy: Zerohedge.com, SentimenTrader.com (amazing charts)

As you can see, sitting at home and TRADING STOCKS ALL DAY seems to be the pastime of the millennial generation. They need to prepare themselves to GET WHACKED by the professionals, which won’t be able to resist selling since prices have just GONE PARABOLIC, with TSLA up 75% in August alone, for instance.

I know for a fact that the world’s top investors are DISGUSTED WITH this bubble and that they’re pursuing creative and alternative ways of buying value and generating returns.

Unless this recovery HAS LEGS in the real economy, these options traders are about to learn A VALUABLE LESSON; greed must be contained – OR ELSE!

The post THIS IS SICKENING! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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DROP YOUR WEAPON: Gold’s OUT OF BREATH!

This article was contributed by Lior Gantz of The Wealth Research Group

Exactly one week ago, on Sunday the 9th, I issued this type of CAUTIONARY TALE, and the following day was the WORST SELL-OFF in silver since the Lehman Weekend, and gold’s worst day in a decade.

Bulls rushed in, bought the dip, and proved that the bull market is definitely INTACT, but they’ve also proven that the metals are probably OUT OF AIR, after such a tremendous quarter.

  1. Silver has risen from $12 on the COMEX to $30 in less than FIVE MONTHS!
  2. Gold hit an ALL-TIME HIGH and broke above $2,000/ounce for the first time ever.
  3. The dollar is now experiencing its GREATEST CONCENTRATION of speculative short positions since the first Desert Storm in 1991.
  4. Buffett’s team bought Barrick Gold shares, worth over HALF A BILLION DOLLARS.
  5. The Federal Reserve has communicated to the markets that it plans on keeping rates low for years.
  6. We have -1% REAL NEGATIVE YIELDS and that’s very rare!

Am I selling my holdings in the mining sector? NO. Am I CASH-READY, anticipating opportunities? YES, big-time.

Courtesy: Zerohedge.com

As you can see, from 2011 and until 2018, speculators were MOSTLY LONG on the dollar. As recently as Mid-2019, they loved it, but the Basel III regulations, which came in April 2019, changing gold’s designation to a TIER-1 ASSET (a subject that I’ve spent considerable time covering), has marked the bottom for gold.

On April 1st 2019, gold was worth $1,291, yet the Bank of International Settlements decided that it’s probably worth DOUBLE THAT, since it allowed banks to treat it as collateral for 100% of the risk, instead of 50%.

In other words, bankers admitted gold was worth at least $1,291 * 2 = $2,582 and the markets responded accordingly.

On that day, the international community unofficially DEVALUED USD.

The price has REACTED QUICKLY and gold is up more than 52.4% since that announcement.

What the MARCH PANIC showed is that central banks will NEVER LET the system die of implosion; they will initiate the reset themselves, by renegotiating new terms for a 21st-century monetary basis.

That kind of BAILOUT ACTION was them showing their cards, no secrets left and no stone left UNTURNED.

To us, this means that gold is essential to own. Personally, I’ve calculated how much cash our family spends in a given month. I then multiplied that amount by 24 (so two years of expenses) and converted that much into physical gold and silver (50/50 dollar amount split between both metals).

If a real panic, not a media-driven market panic like in March, but a lasting depression in which a GENUINE RESET occurs, I’m covered, at least in terms of purchasing power.

The beauty about gold is that it DOESN’T EXPIRE like canned goods, nor does it just sit there depreciating like other utilities. It appreciates, so it’s smart to own it.

A SECOND LAYER of protection could be to own real estate in another jurisdiction, most likely in the Southern Hemisphere or on Western Europe’s coast. These properties could be rented out for the time being, but if need be, could be converted into a temporary home, should America go through a LENGTHY RESTRUCTURING, especially if one is working from home.

Think big and outside the box; life is full of drama.

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TO THE MOON: SILVER ESCAPES ORBIT!

This article was contributed by Lior Gantz of The Wealth Research Group.

Oh, Bernanke, I hope you are READING THESE WORDS: You Lost!

Bernanke, if you’re home watching gold BREAKING RECORDS, just know that I remember when you told Congress that “I don’t quite understand the movement of gold.”

Well, Ben, in case one of your cronies is reading this, let me explain “gold’s movements” to you: Gold goes UP, UP and UP; is that CLEAR ENOUGH?

Since 1971, when your so-called genius friends decided that the dollar was somehow superior to the ULTIMATE MONEY of the universe, gold, its price has gone up 6,000%!

You lost!

Jerome, if one of your employees is FORWARDING THIS letter to you today, then I would like to SAY THANKS for making it clear to more than EIGHT BILLION SOULS that fiat currencies suck!

Courtesy: Zerohedge.com

Many years ago – one hundred and eight TO BE EXACT – a certain J.P. Morgan (the actual man), in his final year on Earth, went in front of Congress and said the TRUEST WORDS ever uttered by any human being since the DAWN OF TIME.

What he said was this: “Gold and silver are MONEY. Everything else is credit.”

Credit, not money, meaning that while you believe you own it, it is actually SOMEONE ELSE’S liability.

In 1944, the United States was so mighty that it DICTATED TERMS to the losing nations of WW2 – the bankrupt countries of Europe and Asia – and a major one was that the ALMIGHTY BUCK would call the shots.

Jerome, if you haven’t realized it yet, WE’RE IN 2020, not 1944.

Let me put this debate TO REST: we’re in a massive bull market!

It would be the HEIGHT OF FOLLY to label this price action as a bubble.

I’m not going to even ACKNOWLEDGE THAT DEBATE; the bubble is elsewhere – THIS IS REAL.

Gold is money; silver is money.

The gains are epic – let’s BRING DOWN THE HOUSE!

There are UNIVERSAL LAWS, which are immutable and ENGRAINED in the cosmos!

One of them is that silver WILL BEAT the manipulating bankers and we are SEEING IT unfolding right now!

The SHORT SQUEEZE that’s going to occur, now that silver has BROKEN ABOVE its 2016 high, could break the backs of the amateurs.

You just watch what’s going to happen, now that the dollar is a SINKING SHIP!

So many speculators, who in RECENT MONTHS decided it’s a good idea to own companies at P/E ratios of 50:1 and higher, will not believe the TREMENDOUS OPPORTUNITY in the mining sector, as these companies are not even trading above 2016 highs!

Silver is now the HOTTEST PLAY on the planet and gold is TAGGING ALONG beautifully!

The Federal Reserve might be printing dollars, but we’re LITERALLY PRINTING MONEY into the brokerage accounts!

Things are going nuts; a MAJOR OPPORTUNITY is coming next week as well — I’VE NEVER seen anything like it in the mining sector in over 14 years.

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Henry Kissinger; Are You Watching This?

This article was contributed by James Davis of Future Money Trends.

They attribute the August 15th, 1971 decision to the presidential criminal, Richard Nixon, but if you know one thing about old Richard, it is that he didn’t do anything without first GETTING THE BLESSING of Mr. Henry Kissinger.

In the 20th century, there were very few politicians whose actions led to wilder UNINTENDED CONSEQUENCES than Kissinger’s. He is in charge of overseeing the Napalm horrors and crimes committed in Vietnam, in addition to a LONG LIST of other war crimes, going back to his first days in the Kennedy Administration.

JFK was so suspicious of Kissinger’s agenda and sinister plots that he wanted him PERMANENTLY REMOVED from positions of power; truly, a high degree of intellectual power, coupled with evil, is a LETHAL COMBINATION, as exhibited by Kissinger.

By the late 1960s, Western European countries were recovering from WW2 and were becoming a DIRECT THREAT to United States’ currency and credit hegemony. Gold reserves in the United States PLUMMETED in the 1950s and 1960s; Europe had a HIGH CONCENTRATION of gold, so Kissinger became convinced that to keep control, gold had to become irrelevant.

The market called this WAR CRIMINAL’S bluff and gold rose 2,400% in one decade (1971-1980)!

If you’re reading this, I can still CALL YOUR BLUFF, Henry, whether it’s you, one your globalist associates, or any DEEP STATE PUPPET!

You wanted to weaken gold, but as always with your schemes, YOU FAILED!

Gold is going to hit you RIGHT IN THE FACE within days, surpassing $2,000/ounce and silver is FLOATING ON A CLOUD right now!

Courtesy: Zerohedge.com

Mining stocks are OUTPERFORMING THE NASDAQ!

This is nuts on all levels, and I’m grinning from EAR TO EAR, thinking about Henry and Richard, assuming that they stopped Europe from getting stronger by throwing the DOLLAR INTO THE GARBAGE CAN!

Henry Kissinger – thank you for the GREATEST BULL MARKET in precious metals history!

When I closed my eyes on Monday, silver’s spot price was still BELOW $20/ounce. When I awoke, it was INCHING UP, even sitting for a while on $19.99, before taking that RESISTANCE LEVEL and cutting through it like a SEMI TRUCK through a plaster wall.

Man, AM I BULLISH HERE!

Imagine the Robinhood army of day-traders and the Cavalry of MOMENTUM-CHASING algorithms piling into silver, a market that is 1,000 times smaller than the TECH GIANTS that they’ve been drooling over and sending to STUPID VALUATIONS for the past few months!

I get excited just thinking about how much MONEY WILL FLOOD our little niche of junior mining shares and I start dancing in the living room!

The general trading herd is currently fixated on stocks that will NEVER MAKE MONEY. When they realize the puck has moved, CAN YOU IMAGINE what’s going to occur?

Houston, we have lift-off!

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TOUCHED A RAW NERVE: Silver Roaring – $20 BECOMES REALITY!!

This article was contributed by James Davis at Future Money Trends. 

I’m probably going to shock you, but I am currently CAUTIOUS WITH precious metals.

Gold and silver have been GENERATING SPECTACULAR returns for us in 2020, especially if you caught the bottom with silver since we’re up more than 50% since.

Gold stocks and silver stocks have been CHEWING THROUGH WALLS and delivering massive gains as well.

Right now, though, gold is swimming in the HIGH SEAS. It’s playing with price targets that are FOREIGN TO IT. Goldman Sachs sees it hitting $2,000, Bank of America sees $3,000, and Rob McEwen predicts $5,000.

Silver is SO, SO CLOSE to hitting $20/ounce and it’s up nearly 60% since April!

We should begin to entertain the thought that precious metals are going to face TREMENDOUS RESISTANCE in the days and weeks ahead, perhaps the most excruciating seller momentum ever as short-term traders TAKE PROFITS on both the physical metals and the stocks.

Courtesy: Zerohedge.com

This is SUPERIORITY!

In 1980, Paul Volcker, then FED Chairman, gave fiat currencies air by raising rates to over 15%. Doing so stopped the INFLATIONARY MADNESS of the 1970s, but it also birthed the beginning of the end for America’s middle class and savers.

He basically CREATED THE TOP for government interest rates.

Look at the chart above and you’ll notice how he stopped gold from entering a point where it would have covered more than the ENTIRE CURRENCY SUPPLY.

At $850/ounce, gold had backed the dollar again by free-market forces in 1980.

Nixon essentially freed it up in 1971 to CALL BULLSHIT on the $35:1 conversion, and in nine years, it achieved that goal.

Had this happened once more in 2020, the price would be north of $20,000/ounce.

In other words, today’s gold price of $1,820 is EQUIVALENT TO gold’s price in the mid-1970s when it traded for $60.

We need to put things INTO CONTEXT, and today, gold covers only 5% of the dollars in existence, which means that $850 in 1980 is like $36,000 today!

Courtesy: Zerohedge.com

Goldman Sachs has put S&P 500 earnings for the full year at $115, which means that at 3,200 points, the P/E ratio is currently 27.8.

In this environment, VALUATIONS of the classical kind are less meaningful than in previous times since so much liquidity is pumped into the currency system that stocks serve as an INCOME HEDGE to governments and corporate bonds.

The S&P 500 dividend yield is 1.93%, which is 300% MORE THAN the yield of the benchmark 10-year Treasury bond.

A pension fund, university endowment fund, sovereign wealth fund, insurance company, and wealthy institution will CHOOSE STOCKS over bonds in this world.

Stocks are now bond replacements, which is the reason investors are willing to pay ADDITIONAL PREMIUMS for them, but there’s a limit to that.

Courtesy: Zerohedge.com

We’re entering a DEEP RECESSION. In it, many Americans will be suffering.

Don’t wait for Trump, Biden, or anyone else to dig you out of the situation you find yourself in.

Create your own destiny; this is a time for CALIBRATING CAREER CHOICES.

Struggling industries, such as travel, leisure, hospitality, restaurants, retail stores, banking, insurance, energy, and commercial real estate are SPEWING LAVA with opportunities to fill roles of leadership and innovation.

Capitalize on the leadership gap and assume your position in history!

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PANDEMONIUM: Gut Is Turning – GOLD & ANARCHY!

This article was contributed by James Davis of Future Money Trends. 

On April 1st 2019, the Bank of International Settlements designated gold as part of its Basel III regulatory framework, a tier-1 ASSET CLASS. Up until then, it was considered a tier-3 asset, which qualifies for 50% collateral, whereas tier-1 assets (same as USD cash and U.S. Treasury bonds) qualify for 100% COLLATERAL.

That announcement didn’t get much press. That caught my attention, since over the years, I’ve seen gold HYPED-UP because of many macroeconomic events, which turned out to be big piles of nothing. But I saw no hype with that one, so I knew THERE WAS something to it.

There have been plenty of instances where WE HEARD gold was going to $10,000/ounce, and that we should hold all of our net worth in gold. Examples are events, such as the following: the fiscal cliff, the double-dip recession scare, Brexit, Islamic Shariah Gold Standard, gold-backed contracts in China, trade war tariffs and the list goes ON AND ON. People find reasons literally ON THE DAILY, yet they fail to understand that Basel III, which got NO MENTION from the mainstream press, is the only IMPORTANT NEWS.

Since April 1st 2019 (the day the Bank of International Settlements made the announcement), the price of gold has gone in only ONE DIRECTION and that’s up.

Courtesy: Goldprice.org

I own A SIGNIFICANT-SIZED position in physical gold and silver coins and you can see how the circle to the right, which is the most recent one, JUMP-STARTED a major move for gold. That circle represents the Basel III announcement, which was published when gold traded for $1,281 just sixteen months ago.

The middle circle represents a LARGE PURCHASE I made, when we pounded the table that QUANTITATIVE TIGHTENING was a bluff, even though the markets gave up on gold and it reached $1,180. The price I paid was around $1,200.

Just two years ago, from July to September 2018, investors were THROWING IN THE TOWEL on gold. Luckily, when it comes to physical coin purchases, our mindset is to BUY LOW and never sell (or sell only under incredible circumstances).

We’re not attempting to BEAT STOCKS by owning precious metals. Alternatively, We’re SUCCEEDING IN beating cash, treasury bonds, commodities and speculative bets. That’s always been the playground gold investors were competing on.

This past Friday, my wife and I went to one of the finest cocktail bars in our area. The place WAS EMPTY! It felt surreal, but the bartender assured us that in one hour, the place would fill up. An hour later, we were still the ONLY CUSTOMERS!

Bad times are coming. What’s hard to come to terms with is that CEOs have been delaying the hard decisions of firing employees permanently, but they can’t keep the charade going for long. These workers DID NOTHING WRONG, yet they’ll be punished for Covid-19’s economic impact.

There can be no “V”-shaped recovery for Main Street and for small businesses, since many things are LEFT UNANSWERED.

I want to show you what Bloomberg published just three weeks after the Basel III announcement, which MADE GOLD a really valuable asset to own:

Courtesy: tramlinetraders.com

Inflation isn’t dead, but in my opinion, it will REMAIN LOW for years to come. The point that all gold bugs TRAGICALLY MISS is that investors don’t flock to gold when inflation occurs, but when it SURPRISES or REFLATES.

Put differently, if Chairman Powell were to say that he expects 2.5% inflation, no one would be stunned by it. That’s not what he’s saying, though. For his entire tenure as Chairman, he’s been saying inflation isn’t a problem.

Now, look at this chart, but focus on the period between 2009 and 2011:

Courtesy: Deutsche Bank, Zerohedge.com

Notice that EVERY TIME capacity utilization rises, as the economy recovers from slumps, there’s a REFLATION and gold prices rise.

It’s the ideal time to own gold stocks!

They’ve gone up in price since April 2019, following the gold spot price move, and recently have begun to REALLY BREAK OUT.

This has nothing to do with politics or who wins the upcoming elections; it has EVERYTHING TO DO with the upcoming layoffs in tech companies, which will mark the end of their growth period (for the time being). Gold companies, BY COMPARISON, are rocketing with stellar results.

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Asset Basel III regulations cash Collateral Dollars Federal Reserve framework Gold gold standard Headline News inflation Intelwars Jerome Powell net worth no recovery personal wealth Politics prices tariffs trade war treasury bonds United States

PANDEMONIUM: Gut Is Turning – GOLD & ANARCHY!

This article was contributed by James Davis of Future Money Trends. 

On April 1st 2019, the Bank of International Settlements designated gold as part of its Basel III regulatory framework, a tier-1 ASSET CLASS. Up until then, it was considered a tier-3 asset, which qualifies for 50% collateral, whereas tier-1 assets (same as USD cash and U.S. Treasury bonds) qualify for 100% COLLATERAL.

That announcement didn’t get much press. That caught my attention, since over the years, I’ve seen gold HYPED-UP because of many macroeconomic events, which turned out to be big piles of nothing. But I saw no hype with that one, so I knew THERE WAS something to it.

There have been plenty of instances where WE HEARD gold was going to $10,000/ounce, and that we should hold all of our net worth in gold. Examples are events, such as the following: the fiscal cliff, the double-dip recession scare, Brexit, Islamic Shariah Gold Standard, gold-backed contracts in China, trade war tariffs and the list goes ON AND ON. People find reasons literally ON THE DAILY, yet they fail to understand that Basel III, which got NO MENTION from the mainstream press, is the only IMPORTANT NEWS.

Since April 1st 2019 (the day the Bank of International Settlements made the announcement), the price of gold has gone in only ONE DIRECTION and that’s up.

Courtesy: Goldprice.org

I own A SIGNIFICANT-SIZED position in physical gold and silver coins and you can see how the circle to the right, which is the most recent one, JUMP-STARTED a major move for gold. That circle represents the Basel III announcement, which was published when gold traded for $1,281 just sixteen months ago.

The middle circle represents a LARGE PURCHASE I made, when we pounded the table that QUANTITATIVE TIGHTENING was a bluff, even though the markets gave up on gold and it reached $1,180. The price I paid was around $1,200.

Just two years ago, from July to September 2018, investors were THROWING IN THE TOWEL on gold. Luckily, when it comes to physical coin purchases, our mindset is to BUY LOW and never sell (or sell only under incredible circumstances).

We’re not attempting to BEAT STOCKS by owning precious metals. Alternatively, We’re SUCCEEDING IN beating cash, treasury bonds, commodities and speculative bets. That’s always been the playground gold investors were competing on.

This past Friday, my wife and I went to one of the finest cocktail bars in our area. The place WAS EMPTY! It felt surreal, but the bartender assured us that in one hour, the place would fill up. An hour later, we were still the ONLY CUSTOMERS!

Bad times are coming. What’s hard to come to terms with is that CEOs have been delaying the hard decisions of firing employees permanently, but they can’t keep the charade going for long. These workers DID NOTHING WRONG, yet they’ll be punished for Covid-19’s economic impact.

There can be no “V”-shaped recovery for Main Street and for small businesses, since many things are LEFT UNANSWERED.

I want to show you what Bloomberg published just three weeks after the Basel III announcement, which MADE GOLD a really valuable asset to own:

Courtesy: tramlinetraders.com

Inflation isn’t dead, but in my opinion, it will REMAIN LOW for years to come. The point that all gold bugs TRAGICALLY MISS is that investors don’t flock to gold when inflation occurs, but when it SURPRISES or REFLATES.

Put differently, if Chairman Powell were to say that he expects 2.5% inflation, no one would be stunned by it. That’s not what he’s saying, though. For his entire tenure as Chairman, he’s been saying inflation isn’t a problem.

Now, look at this chart, but focus on the period between 2009 and 2011:

Courtesy: Deutsche Bank, Zerohedge.com

Notice that EVERY TIME capacity utilization rises, as the economy recovers from slumps, there’s a REFLATION and gold prices rise.

It’s the ideal time to own gold stocks!

They’ve gone up in price since April 2019, following the gold spot price move, and recently have begun to REALLY BREAK OUT.

This has nothing to do with politics or who wins the upcoming elections; it has EVERYTHING TO DO with the upcoming layoffs in tech companies, which will mark the end of their growth period (for the time being). Gold companies, BY COMPARISON, are rocketing with stellar results.

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Rick Rule: “What We Are Seeing Is An Inter-Generational Transfer Of Wealth On A Massive Scale”

Rick Rule has dedicated his entire adult life to many aspects of natural resources securities investing. Recently, he sat down with Lior Gantz of the Wealth Research Group to discuss the big problems with the federal reserve. The central bank is counterfeiting trillions of dollars, and the outcome for everyday people will be catastrophically negative.

What the Fed is doing, when it creates money out of thin air is nothing less than counterfeiting.  Rule says we will be the ones paying for it in the end too.  What this amounts to is an “intergenerational transfer of wealth on a massive scale.” People who have voted themselves all of these benefits of counterfeiting are happily collecting. They are then leaving the bill for younger generations.

Watch Rule’s take on the current state of the Federal Reserve:

If you have ever thought about buying gold, the time is now. As Rule says, “a vote for gold is a vote against central bankers.” This is something we’ve been trying to get people to understand for months now.  The central bank and the government are the system that they built to protect and enrich themselves.  One easy way to leave their matrix by buying gold.

The real enemies of liberty and freedom are those in power, and those are the same people currently attempting to finish off the implementation of their New World Order. They desperately need your consent, so one goal would be to stop using their fiat currency and go to gold and silver.

As Rule explains, gold is one of the best ways for people to protect their personal wealth while ensuring they have some form of barter ability outside the rigged system.

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ROBERT KIYOSAKI: “It’s Not A Free Country Anymore! Pray For The Best-Prepare For The Worst”

This article was contributed by Tom Beck of Portfolio Wealth Global.

I’ve spent considerable time understanding the whole story behind BILL GATES’ CRAZE with vaccines, and his willingness to be DESPISED and DRAGGED THROUGH THE MUD in his pursuit to mitigate diseases with mass-scaled shots, which are highly CONTROVERSIAL.

The whole thing REEKS OF CORRUPTION to the high heavens, but that’s not the biggest SCANDAL in the medical industry. In fact, the president that is MOST CONNECTED to corruption, Richard Nixon, perpetrated (according to a TOP-LEVEL ADVISOR of his) the worst act of shameless public disinformation policy in U.S. history in 1971, the same year that he RUINED the world’s monetary regime by going off the gold standard.

Literally, Richard Nixon CREATED the most PROFITABLE INVESTMENT OPPORTUNITY of my career: GOLD.

Courtesy: Zerohedge.com

As you can see, right now WALL STREET is so convinced that the markets are staging a BEAR MARKET RALLY that it is actually generating a BUY SIGNAL.

Although the majority of the public has no money involved in it, stock market performance is SUPER-IMPORTANT for CONSUMER CONFIDENCE.

Right now, the general public still has a VERY CONFUSED outlook on the future. There are close to 35 million people who have entered the unemployment pool and several large companies are laying off thousands of workers, perhaps indefinitely.

When the MARCH PANIC took place, the public showed why gold is a CRITICAL ASSET to hold.

Physical gold de-coupled with spot prices on the COMEX and many SEIZED THE MOMENT and sold at wild premiums.

Later on, as the panic cooled off, sellers could have bought back physical coins at much lower prices, as premiums shrunk; there’s NO DOUBT in my mind that gold and silver HAVEN’T SAID their LAST WORD.

In fact, Robert Kiyosaki in a TWEET that has now become famous wrote:

“ECONOMY dying. FED incompetent,” Kiyosaki said. “Next BAILOUT trillions in pensions. HOPE fading. Bought more gold silver Bitcoin. GOLD @$1,700. Predict $3000 in 1 year. Silver @ $17. Predict $40 in 5 years. Bitcoin @$9800. Predict $75000 in 3 years. PRAY for the BEST-PREPARE for the WORST.”  

WE JUST interviewed Mr. Kiyosaki and you can CHECK OUT the interview below.

Kiyosaki began the interview saying they (the elitists) used the coronavirus to “coverup the collapse of the shadow banking system.” He adds: “the whole system was designed to bail out the rich. That’s why there’s no financial education at our schools.” Kiyosaki also suggests that he is a little afraid of speaking up right now.  When you cross the global elitists, you are trekking into dangerous territory, as several people have already found out.  “It takes courage to speak out today,” says Kiyosaki.

“The Fed is communism. Anything that’s centrally controlled is socialist or communist. The Fed is run by just a few people…

It’s not a free country anymore…it’s controlled by a cartel.”

Kiyosaki says to bet on gold, silver, and Bitcoin.

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$2,100 Gold: Middle-Class Verdict – DEATH ROW INFLATION!

This article was contributed by James Davis with Future Money Trends. 

Inflation is being HELD CAPTIVE at the hands of gold. On Friday, both the EURO and the BRITISH POUND hit ALL-TIME LOWS relative to gold. That’s another way of saying that in the Eurozone, as well as in the U.K., you’re shit out of luck if you held your excess savings in fiat currency because it COST YOU in a big way. Put differently, gold hit all-time highs, in both Euro and the Pound.

On September 5th, 2011, the nominal price of gold in U.S. dollars hit its all-time high of $1,917, subsequently falling all the way to $1,053, only to climb back up, now reaching $1,755/ounce.

Another 10% gain would have the dollar-denominated ounce at $1,930 (an all-time high). This can ACTUALLY happen before the end of this calendar year.

Courtesy: AdvisorPerspectives.com

About 18% of global GDP, or 70% of America’s GDP, is tied to consumer spending. Right now, the average American is losing confidence in the economy, as you can see. They are uncertain that they’ll make their next debt payments (utilities, rent, mortgage, auto loan, credit card, student loan, and other obligations), mostly because their job is UP IN THE AIR or their business is standing on SHAKY GROUNDS.

When COVID-19 first reached American soil, the panic was largely due to the health aspect of it. The authorities feared the SYSTEM of hospitals couldn’t handle the load of ventilator-needing patients, so it rushed INTO A FRENZY of apocalyptic decisions, which took a massive toll on the economy, as well as on our LIBERTIES and constitutional rights.

As you can see above, consumer confidence PLUMMETED from a 19-year high last seen near the turn of the century, right before the Dotcom bubble burst and the 9/11 tragedy.

It’s now in line with the later stages of the 2009 recession but it will get MUCH WORSE before it gets better.

The reality is that we still don’t know MANY FUNDAMENTAL THINGS about COVID-19. Until we learn more, this is SIMULTANEOUSLY a health crisis and an economic PREDICAMENT.

This whole FIXATION with a vaccine is the wrong way to approach SOLVING the problems, and it will lead us up many DEAD ALLEYS. Therefore, I want to stress that while the government has an IMPORTANT ROLE in communicating a coherent message about the policies and direction it will take, the private sector will, AS ALWAYS, lead us out of this mess.

We need to find an IMMEDIATE STRATEGY for parents whose children aren’t getting back to school yet. Parents who are not being productive are both deteriorating in an economic sense, as well as mentally. We will have a national tragedy if an adequate solution isn’t implemented at once.

The elderly, the immune-compromised, or those who simply fear the virus need a solution as well. They need to be looked after until we know more about COVID-19.

Those who want to GO BACK to work and return to living a full life should be allowed to do so under the constitution; it is ABUSE OF POWER to interfere with people’s basic rights. As with the Influenza breakout of 1918, the Spanish Flu, we absolutely know that the simple act of wearing a mask helps in not spreading the disease. Washing hands for about 20 seconds frequently and properly is another easy habit to implement. Being physically distant from others by a couple of steps is another practice that is becoming part of the norm. Lastly, BEING OUTSIDE instead of confined is actually proven to be 1,900% SAFER.

Being out is SCIENTIFICALLY BETTER.

A vaccine isn’t the MAGIC PILL that Bill Gates and the rest of these supposed health experts are drooling over; we need to ADJUST now, as in today, to the new behavioral habits and go back to being productive.

Otherwise, this CRISIS hasn’t even BEGUN!

Because of this uncertainty, we see an opportunity with gold that’s UNPRECEDENTED, and we don’t have to wait TO SEE PROFITS – we’re making them hand over fist.

Gold is headed to $1,917, at which point it will make the news, creating an avalanche of retail demand that will take it over $2,000/ounce, creating MORE NEWS, which will take it even higher.

Be ready to EXIT POSITIONS as well. Gold and gold stocks are CYCLICAL.

EXCLUSIVE REPORTS, Featured In This Article and in Others, Which Are Considered ESSENTIAL READING:
1. Gold Investing – DOWNLOAD HERE!
2. Trump’s War with Mainstream Media – DOWNLOAD HERE!
3. Covid-19 Round2 Sell-Off Playbook – DOWNLOAD HERE!
4. Why The Dollar Is Dead – DOWNLOAD HERE!
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Harvard finally agrees it should not receive millions in coronavirus aid from taxpayers

Harvard University has finally agreed not to accept the millions of dollars allocated to it through a federal coronavirus relief package, following an enormous wave of backlash after the wealthy institution insisted it was entitled to the funds.

What are the details?

In a Twitter thread on Wednesday, the Ivy League university wrote, “Harvard will not accept funds from the CARES Act Higher Education Emergency Relief Fund. Like most colleges & universities, Harvard has been allocated funds as part of the CARES Act. Harvard did not apply for this support, nor has it requested, received or accessed the funds.”

The day before, President Donald Trump said during a press conference that Harvard “shouldn’t be taking” money from the federal relief package, and insisted the university would pay it back.

Harvard initially said that it would keep the $8.6 million, arguing that it would “allocate 100% of the funds to financial assistance for students.” But that explanation did not end the outrage over “relief” dollars going to a university that sits on a $40 billion endowment—the largest in the United States.

President Trump celebrated Harvard’s decision during his coronavirus briefing on Wednesday, saying, “I’m pleased to announce that Harvard has announced today that they will not accept the funds nor will Stanford University.”

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