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GOLD WIPEOUT: Be Patient – GENERATIONAL BOTTOM!

Treasury Secretary Steve Mnuchin is being bombarded in the mainstream media by all of the MMT advocates for crippling the Federal Reserve’s programs, which seems to be tightening monetary policy. Jerome Powell was complaining that the Treasury is shutting down some of the lending facilities, but our analysis actually points towards this being a welcomed approach!

For one, these programs were failing. The most ridiculous one was the Small Business Lending Facility, which was a total flop. Think of the fact that for a bank to originate one such loan, it has to incur a $50,000 legal and administrative cost!

In other words, if I run a small business and need $30,000 to $40,000 to survive the coming few months, no bank will work with me. Instead, when calling banks, we’ve learned that these loans are designed to be about $5,000,000 at a minimum. Not only that, but the banks want to see that the business is growing and has healthy financials. I ask you this: which small business that’s on the brink of going under needs a $5,000,000 loan and has good economics?

This program is yet another example of how all bailouts – all government-led and central-bank-orchestrated programs – are always going to disproportionately help asset owners. If you have a mortgage, forbearance is allowed, but if you rent, you’ll pay (at some point) or get evicted. Investors who have fat 401(K)’s are hitting all-time highs in terms of million-dollar accounts. People, left and right, are getting free money, basically, courtesy of the next generation, which will be on the hook for all of it.

America is designed to help its equity owners first.

That’s the primary reason why this newsletter is focused on building wealth, being flexible, and zig-zagging as conditions change and fluctuate.

The goal is to understand the prevailing circumstances so that one can adapt to it, not with a gloom-and-doom mentality, but also not with the notion that “stocks only go up,” as the new mantra goes.

Courtesy: Zerohedge.com

As you can see, no one is shorting the S&P 500 anymore. It’s become dangerous to short the index because there’s an institutional bias by the central bank of the United States and by the administration to make sure the markets are green.

Steve Mnuchin wasn’t wrong to tell Jerome Powell to stop with these programs since they will add $454 billion to the Treasury Department, which is going to help mediate the incredible difference of opinion between the Democrat-led Heroes Act, which is a spending relief bill north of $2.2 trillion that the Republicans will never pass, and the Skinny Bill and the Heals Act, which the Republicans want but the Democrats object to.

ShtfPlan.com believes that if any bill is to be passed in the month of December, it will be something that is a re-branding of the Problem-Solver Caucus, which is in the neighborhood of $1.4 trillion.

Remember, there are many programs that expire at the end of December, including rental relief. If no stimulus bill is put into law, on January 2nd, the sheriff’s department in many states will be busy evicting. People on the street are not a good outcome for families that have been victimized by lockdowns and shutdowns, especially women and minorities.

If the Republicans win the Senate race in Georgia on January 5, 2021, the Democrats lose even more leverage over the size of the stimulus bill, so it’s in their best interest to haul ass and pass at least $1.4 trillion now!

The post GOLD WIPEOUT: Be Patient – GENERATIONAL BOTTOM! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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Billie Jean King Coronavirus CORRUPTION COVID-19 Emergency Preparedness empire has fallen empty hospital face masks facilities Federal Reserve Flatten the curve Headline News hospitals Intelwars LIES money muzzles New York City offical narrative plandemic propaganda scamdemic spending United States USSA Vaccine wasting workers paid to do nothing

Corruption At All Levels: A $52 Million COVID-19 Hospital Treated 79 Patients

New York City spent $52 million on a hospital for patients with the coronavirus. The hospital treated only 79 patients and say unused even as nearby hospitals were overwhelmed with coronavirus patients.

According to a report Tuesday by The New York Times, the temporary hospital set up at the Billie Jean King National Tennis Center treated just 79 patients in the month it was in operation, while staff reported being paid to do nothing all day amid the height of the city’s coronavirus outbreak. “I basically got paid $2,000 a day to sit on my phone and look at Facebook,” Katie Capano, a nurse practitioner from Baltimore who worked at the center, told the Times. “We all felt guilty. I felt really ashamed, to be honest.”

While regular Americans were forced to give up their livelihoods, destroy their ability to provide for themselves and their families and be on house arrest for months, others got paid to do nothing just to push the coronavirus plandemic propaganda and official narrative. This is corruption and it’s at all levels of the government of the USSA.

Red tape and poor communication between city, state, and federal officials led to the field hospital as well as the Navy’s deployed hospital ship, the USNS Comfort, sitting largely empty while public hospitals in the city reported crowded conditions and overwhelmed staff. Workers at the Billie Jean King facility who spoke to the Times confirmed that they largely spent their time completing repetitive paperwork.

“The conditions in the emergency room during this crisis were unacceptable and dangerous,” Timothy Tan, director of clinical operations at Queens Hospital Center’s emergency department, told the Times. “Knowing what our patients had to endure in an overcrowded emergency department, it’s frustrating how few patients were treated at facilities such as Billie Jean King.” –The Hill

New York’s COVID-19 Field Hospital Dismantled After Treating ZERO Patients

Trump Pushes Mask Wearing Propaganda: It’s “Patriotic”

The constant pushing of the coronavirus narrative in spite of facts or any real evidence should be alarming to everyone.  Many people know something is wrong even if they can’t pinpoint what it is, and yet, we still have the mainstream media trying to panic the public into wearing the muzzle face mask and living in fear.

This is probably not going to stop until everyone agrees to get the vaccine. And if you don’t get the “non-mandatory” vaccine, those in power will make sure your life is inconvenient as possible (no going to the grocery store or traveling) unless you have it.

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